Young Couple Saving for Future Family Over Themselves | 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

🗓️ 9 June 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Daniel and Lindsay (25) recently relocated to Boston. With a net worth over $240K, they’re off to a strong start...but they’ve also made a few FOO missteps (like investing for kids who don’t exist yet). We break down how to optimize their next five years, make room for potential parenthood, and decide what to do with that house that came with a $9,000 sewer surprise. ⁠⁠⁠⁠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	So we purchased a home thinking that we would probably stay in Pennsylvania for the long term,
0:04.3	but job changes, life throws curveballs.
0:06.8	You got married, you bought a house, changed jobs, and you moved to another part of the country,
0:11.0	all inside of a 12-month period.
0:12.3	It's a trend here.
0:13.1	You guys have already said, hey, the thing that we're not struggling with is age 65.
0:17.1	We're struggling with a near term.
0:18.2	As you guys think about this, how do you want the next five years to look?
0:27.2	My name's Daniel. My name's Lindsay. We're 25 years old. And we live in Boston. Welcome to making a millionaire.
0:32.9	We're originally from Pennsylvania. We both grew up about an hour inside. Philly, then met in college
0:38.5	in Philadelphia, got married a year later, bought a house in PA, and then I got a new job,
0:45.4	and Daniel had to write along with me up to Boston. Tell us what each of you do for a living.
0:50.2	Bragg a little bit about yourself. I'm an apparel designer doing active wear. Yeah, and I'm a structural engineer.
0:55.9	Aren't that it's cool jobs?
0:57.3	You know, when I hear like apparel athletic wear athlete, that gets me super excited.
1:02.2	I love it.
1:03.3	That's awesome.
1:03.9	And so it sounds like it was you had a job change and that job change of what took you from Pennsylvania to boss.
1:10.5	How long had you guys been
1:12.2	married before that happened? About a year when that happened. So you got married, you bought a house,
1:18.2	you changed jobs, and you moved to another part of the country, all inside of a 12 month period.
1:22.5	It's a trend here. You guys might be on the achievement track.
	...

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