What It’s REALLY Like to Build Wealth in the Military | Making a Millionaire

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

🗓️ 1 September 2025

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fifteen years ago, they were $35,000 in debt and struggling to make minimum payments. Today, before turning 40, they have a $4 million net worth and a path to financial independence. We uncover the mindset shifts, real estate strategies, and honest money conversations that fueled their journey. ⁠⁠⁠⁠⁠⁠⁠⁠⁠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. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Here's the truth about AI. AI is only as powerful as the platform it's built into.
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0:31.3	Race the rudder.
0:32.7	Raise the sails.
0:33.9	Raise the sales.
0:35.3	Captain, an unidentified chip approaching.
0:37.3	Over. Roger approaching. Over.
0:37.8	Roger that.
0:38.9	Wait.
0:39.6	Is that an enterprise sales solution?
0:42.9	Reach sales professionals, not professional sailors.
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0:49.1	Start converting your B2B audience into high quality leads today.
0:52.4	Spent 200 euro on your first campaign and get a free
0:54.6	200 euro credit for the next one. Go to LinkedIn.com slash XXX to claim your offer. Terms
0:59.3	and conditions apply. Fifteen years ago, you were $35,000 in debt. Negative net worth. Correct. We had no
1:07.5	assets. And I looked at all of our bills and I was like, well, we can't even make all the payments on all these bills. Like we don't have enough money to even cover the minimum requirement to keep us afloat. Correct. I mean, there was probably a healthy mix of fights and really frank conversations. She is more of the spender of the two. And I'm obviously, I would spend zero money if she gave me the opportunity. You guys made some very hard decisions. Hey, we're going to start saving 50%.
1:30.3	We're going to start building so we can get ourselves out of the hole. What's next? Where are you
	...

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