We HATE This New Money Trend…

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 18 June 2025

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Buy Now, Pay Later is everywhere, but is it helping or hurting your finances? We uncover the dangerous reality behind BNPL services, how they encourage overspending, and why young consumers are particularly at risk. Then we answer your financial questions about The Financial Order of Operations, down payments, budgeting vs. cash management plans, and a whole lot more. ⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the year 2000.
0:02.8	Everyone, everywhere, is having fun, except me.
0:06.6	On BBC Eye Player.
0:08.0	I worry you're growing up too fast.
0:10.6	Yeah, we can't be your little ducky forever, can I?
0:13.0	Inspired by a true story.
0:14.8	You walk out of this house a boy.
0:16.4	One day you'll come back.
0:17.8	When you do, you will be a man.
0:20.2	I won't hold your breath. What it feels like be a man. Oh, and hard your breath.
0:21.5	What it feels like for a girl. I wish I could look like you.
0:24.7	Bebe, you can. Well, don't you?
0:27.0	Watch on BBC IPlayer.
0:35.9	Boy, oh boy, there is a money trend that we absolutely hate.
0:40.8	Brent, I am so excited to talk about this because I feel like we're going to do the world
0:46.6	of service right now because this is frankly gross.
0:51.2	And I'm so glad that we can draw attention to it and put like a giant flashing
0:56.0	beware, do not fall into this trap sign on today's show. So without much to do,
1:02.9	but what trend are we talking about? So Clarna, who a lot of you may recognize if you've
1:08.8	ever gone out to buy something and it says hey okay you want to
1:11.6	pay for this thing how about instead of paying for all of it today like you originally planning on doing
1:15.7	why don't you spread this out and this $19 purchase you can pay for in the next six months in a
	...

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