The Money Guy Show | Saving More Money Might Actually Hurt You
5/29/202639 min
Saving money is a vital part of building wealth, but there are five specific situations where it can actually work against you. Financial Advisors, Brian Preston and Bo Hanson, walk through everything from why 28% of IRA rollovers sit in cash seven years later to how extreme frugality can poison your relationships, running case studies comparing Average Allen and Manny the Mutant to show who comes out ahead. Saving is still a good thing, but you might be surprised by just how much the order of your decisions can change your financial future.
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First 90 secondsSpeaker 00:00
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Brian Preston· Host0:59
Saving money is a vital part of building wealth, but there are certain circumstances where saving more could actually be hurting you.
Bo Hanson· Host1:07
Uh, Brian, I am so excited because today we're covering five situations where saving money could have real negative effects on your finances and potentially on your life, and we're gonna show you how to avoid making these five mistakes.
Brian Preston· Host1:22
So I'm Brian, he's Bo, and we're financial advisors showing you how to save today for your great, big, beautiful tomorrow. And with