Particle Data Platform
Money Guy Show

Financial Advisors React to Viral Money Advice

6/1/202621 min

We're back with another edition of Financial Advisors React, and this batch of clips is something else entirely. From the idea of saving money being "stupid" to a full Roth IRA conspiracy theory, these viral money takes are out of control. Not all financial advice online is created equal and we're here to show you the smarter path forward. ⁠⁠⁠⁠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

Clips

Roth vs. Traditional Smackdown
401k Cash-Out Gamble
Compounding Magic Explained
Wealth Is Silent
Always Be Buying
Live Below Your Means

Transcript preview

First 90 seconds

  1. Brian Preston· Host0:00

    The team's put together some viral videos. Let's check out what they've got going.

  2. Bo Hanson· Host0:04

    And Brent, I am so excited because they didn't tell us if these are viral in a good way or viral in a bad way, so let's dive right in.

  3. Speaker 3· Soundbite0:12

    One of the stupidest things I've ever seen- Oh, no ... people do in my life is save money when they are young. If you are below the age of- [laughs] You should just spend it ... 25 and you are a smart, competent guy, why are you putting money in a retirement fund?

  4. Brian Preston· Host0:24

    Little thing called compounding growth You can always make more money yourself than by betting on other dudes.

  5. Speaker 3· Soundbite0:30

    Is it even appropriate for you as a grown man to be investing in other men? What, your dream is to be in the Bahamas- What? ... sipping on fruit margaritas with your girlfriends while a bunch of old men do the hard work for you of making money? Like, what, what are we doing here? It's a combination- [laughs] Doesn't even make sense ... of so many stupid things.

  6. Brian Preston· Host0:46

    Is this a joke?

  7. Speaker 3· Soundbite0:46

    First of all, you're not intelligent enough to make your own investing decisions, so you put things in the, the VOO, the SPX, to let other people make the decision for you. Second of all, you don't trust yourself to have the competence to make more money on your own than, [censored] what is it, 10% a year? Like, really? And finally, the one cope that everyone always gives me is, "Oh, no, but you don't understand. It's tax-advantaged, and I'll be able to pull all this money out and not pay my 40% tax when I'm 65." Are we [censored] serious right now? When I'm 65, like, what is... What can I even buy with that money, like extra [censored] applesauce?

  8. Brian Preston· Host1:18

    I- so he's legit. That's legit?

  9. Bo Hanson· Host1:22

    Uh, well, okay.

  10. Brian Preston· Host1:24

    He, 'cause he- One- ... poo-pooed all over- Hey ... compound growth ...

  11. Bo Hanson· Host1:27

    lang- language. First, just language. We don't need that.

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click "Accept All" to consent, or "Decline non-essential" to opt out of non-essential cookies. Read our Privacy Policy.