Financial Advisors React to the WILDEST Money-Making Schemes
4/20/202616 min
We all like making money. So, why not react to the wildest money-making schemes? Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) are back reacting to the internet's wildest money-making schemes (from an "8-figure 12-year-old day trader" losing $11,000 before breakfast to Mr. Beast grocery scams). Building wealth isn't about outsmarting the system with a clever scheme, and we’re here to share why following tried and true strategies can help you build wealth that lasts.
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Clips
Transcript preview
First 90 secondsSpeaker 00:00
Hey, I like your new RAV4.
Speaker 1· Soundbite0:02
Thanks. Yours too.
Speaker 00:03
What does RAV stand for anyway?
Speaker 1· Soundbite0:05
To me, it's the Remarkably Advanced Vehicle.
Speaker 00:08
Really? To me, it's the Runway Approved Vehicle for its amazing style.
Speaker 1· Soundbite0:12
What about Remarkably Adaptable Vehicle because of its versatile cargo space?
Speaker 00:16
Or Really Admired Vehicle?
Speaker 1· Soundbite0:18
Oh, or Really Awesome Vehicle.
Speaker 00:20
It really is the Recreational Activity Vehicle, the stylish 2026 Toyota RAV4 Limited. What's your RAV4?
Speaker 20:28
[upbeat music] [upbeat music] Morning decisions. How about a creamy mocha Frappuccino drink? Or sweet vanilla? Smooth caramel maybe? Or a white chocolate mocha? Whichever you choose, delicious coffee awaits. Find Starbucks Frappuccino drinks wherever you buy your groceries.
Brian Preston· Host0:44
[upbeat music] We all like making money.
Bo Hanson· Host0:48
Unethical ways to make money, part 12.
Brian Preston· Host0:50
So why not react to the wildest money-making schemes?
Speaker 5· Soundbite0:54
This guy found a genius way to make money.
Bo Hanson· Host0:56
And Brian, I am so excited about this, 'cause when I hear scheme, I know that the internet is about to deliver. Let's dive right in.
Brian Preston· Host1:02
That's where the good stuff is, schemes.
Speaker 5· Soundbite1:04
Welcome to my realistic day in the life as a eight figure, 12-year-old day trader. Every day, I usually wake up around 2:00 AM.
Brian Preston· Host1:10
[laughs] Okay. Tongue of the cheek.
Speaker 5· Soundbite1:10
Today, I decided to sleep in a little. First thing I do after waking up is to make some coffee and to go for a run. Feeling a little tired today, so I just did a light jog, and then we're headed straight to the gym. [laughs] Gary Vee motivational speech on.
Brian Preston· Host1:20
There you go.
Speaker 5· Soundbite1:20
A quick back workout, some deadlifts, hoop sesh- [laughs] ... shower, and we're headed to the office. At this point, it's 6:00 AM Pacific Time. The market opens in 30 minutes. So I begin by