Financial Advisors React to Jaw Dropping Money Clips
7/13/202615 min
On this episode of Financial Advisors React, Brian and Bo react to some of the internet's most jaw-dropping money clips covering investing, crypto, Pokémon cards, credit scores, Disney vacations, DoorDash spending, real estate, moving out, and viral financial advice. Learn why chasing hype, comparing misleading statistics, using debt carelessly, and making emotional money decisions can derail long-term wealth building. If you're serious about investing, financial independence, retirement planning, smart budgeting, and making better financial decisions, this episode breaks down what actually matters—and what to ignore. Whether you're trying to build wealth, improve your investing strategy, avoid costly money mistakes, or simply separate financial facts from internet fiction, this episode is packed with practical insights grounded in decades of financial planning experience.
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Clips
Transcript preview
First 90 secondsBo Hanson· Host0:00
Drop. Let's dive right in I put, I think, $1,300 into a coin called Peanut.
Speaker 20:04
So do you know when, uh, they killed that squirrel? I don't know if you saw that.
Speaker 30:07
Oh, yes. Yes, yes.
Speaker 20:08
Peanut the squirrel. So I'm like- They killed it? ... "You know, this makes sense" I remember that ... "this might go up." And I sold it, like, for a loss. I put, uh, 1,300 bucks in, I sold it for $600. A week later, Binance added that coin as a tradable asset.
Speaker 30:20
Oh.
Speaker 20:20
It went from $50 million market cap to two billion. And I just posted this on Twitter today, my Peanut holdings right now would be worth $42 million.
Bo Hanson· Host0:29
Hindsight is always 20/20 when it comes to investing. I don't know that this guy specifically would've watched his Peanut holding run all the way up to $42 million.
Brian Preston· Host0:37
Does that count as one of those poop coins?
Speaker 50:39
I think the word you're searching for is [censored].
Brian Preston· Host0:41
I actually expect my money to, to work for me. I'm not hoping to get lucky. I, I, you know, so I think some people go with that saying, "It's better to be lucky than to be good." I'm leaning more towards the good and consistent- It's better to be consistent ... than I am to just being lucky and hoping that, that Lady Luck smiles on me.
Bo Hanson· Host0:57
I love that. Hey, now, I don't know if they're gonna leave this in there, but I'm just gonna throw it out there.
Speaker 61:00
How would you invest $1 million? Would you put it all into the S&P 500 or would you use it as a down payment on a property?
Brian Preston· Host1:08
Depends on where you are.
Speaker 31:09
S&P 500.
Speaker 61:10
S&P 500 or buying into a franchise?
Speaker 31:13
S&P 500.
Speaker 61:15
S&P 500 or buying a business that already makes money?
Speaker 31:19
Buying a business that already makes money.
Brian Preston· Host1:22
Depends on how much money it makes.
Speaker 61:23
Business or investing it across 20 startups?
Speaker 31:25
Buying a business, because when you have one business and you're investing in it,