Why This Money Advice Has EXPIRED
7/3/202635 min
Traditional financial advice isn't always wrong—but some money rules simply haven't kept up with today's economy. Brian and Bo break down 5 pieces of financial wisdom that may be expired, including whether you really need a college degree, if 10% savings is enough for retirement, why buying used cars isn't always the best move, when budgeting every dollar stops making sense, and whether homeownership is still the path to building wealth. If you're focused on financial independence, investing, retirement planning, wealth building, and making smarter money decisions in 2026, this episode is packed with data-driven insights to help you avoid costly mistakes and build a stronger financial future.
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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.
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First 90 secondsSpeaker 10:00
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Speaker 20:14
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Brian Preston· Host0:40
Expired. Like the old milk in your fridge, this money advice might have been good at one point, but now it's time to pour it down the drain.
Bo Hanson· Host0:50
[laughs] I am so excited because today we get to look at five pieces of financial wisdom that people traditionally considered to be true, and we're gonna tell you why that might not be the case anymore.
Brian Preston· Host1:01
I'm Brian, he's Bo, and we're financial advisors here to make sure you aren't working off of expired advice. With that, let's jump right in.
Bo Hanson· Host1:10
[gentle music] All right, Brian, so the very first piece of advice that we think has expired, I think this is gonna get a little bit, uh, get us in a little bit of hot water, and that is the advice that you need a college