Financial Advisors React to Financial Advice on YouTube!

Summary

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Money Guy Show - Episode Summary

"Financial Advisors React to Financial Advice on YouTube!"

Hosts: Brian Preston & Bo Hanson
Date: October 20, 2025

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Overview

In this lively episode, Brian and Bo react to a variety of financial advice found on YouTube, blending commentary, real-life examples, and foundational financial strategies. They break down the pros and cons of popular online tips, discuss their own philosophies for wealth-building, and emphasize the importance of intentional and informed financial decisions—especially for young adults starting out.

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Key Discussion Points & Insights

1. The Reality of Debt for Young Adults

• The hosts react to a college student discussing her debt: $50,000 combined student loans and car, with a $630/month car payment on a new Kia K4—contrasted with her partner’s $400/month for a used Tesla.
• Insight: Many young people underestimate the impact of starting adult life with high debt, especially from car loans and student debt.
• Notable Quote:

  "It is hard to start out just as a 20 year old. Do you know how much harder it is if you start $50,000 in the hole? Ugh, don't love it." —Money Guy [02:46]

Timestamp: 00:54–02:46

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2. Making Your Money Work: Compounding vs. Saving

• Bo illustrates the power of where you put your money:
  • In a savings account at 0%: $10,000 stays flat over 10 years.
  • 3% interest account: ~$13,400 after 10 years.
  • Index fund at 7%: almost $20,000 after 10 years, even with no additional contributions.
• Takeaway: The decision of where to put money is sometimes more important than how much you save.
• Actionable Tip: Start investing as early as possible to maximize the “wealth multiplier.”
• Notable Quote:

  "For a 20 year old it's 88 times over. For a 30 year old it's 23 times over...You see how kind of awesome, but also cruel, it is. You've got to get your money working early and often." —Brian [03:53]

Timestamp: 02:57–04:28

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3. Car Payments and Leasing: Hidden Dangers

• Brian and Bo review the wisdom of buying vs. leasing vehicles:
  • Brian has never had a car payment; prefers buying “economy boxes” outright.
  • If you truly have wealth, leasing a depreciating asset (i.e., a luxury car) is ok for “renting bad decisions,” but not before maxing out retirement accounts.
• Guideline: Don’t lease or take loans for cars until you’ve hit other financial milestones.
• Notable Quote:

  "If you are 30 years old and you haven't even maxed out your 401k and you're leasing a European luxury car, you have failed in this financial order of operations exercise." —Brian [07:03]

Timestamp: 05:09–07:19

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4. The Three Biggest Investment Mistakes

From a YouTube video, the hosts agree on:

1. Waiting for the perfect time to invest—don’t try to time the market.
2. Panic selling—don’t sell in a downturn.
3. Not actually investing the cash in your account—don’t just deposit money; buy assets.

• Strategy: Adopt the “Always Be Buying” (ABB) mentality; consistent investing offsets volatility and missed opportunities.
• Notable Quote:

  "Time in the market is way more valuable and way more successful than timing the market." —Money Guy [08:56]

Timestamp: 07:19–09:16

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5. The Power of a Roth IRA: Consistency Pays Off

• Maxing out a Roth IRA ($7,000/year limit in 2025) can mean becoming a tax-free millionaire with the magic of compounding over 40 years.
• Example:
  • $10/month for 40 years = $32,000
  • $50/month = $160,000<br>
  • Maxing out = millionaire status
• Emphasis: Start as early as possible—even small amounts matter over decades.
• Notable Quote:

  "It only takes a little bit of money over a long period of time to have a huge outcome, to have a huge portfolio built up. You don’t have to save it all overnight." —Money Guy [10:10]

Timestamp: 09:51–10:36

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6. Why Index Funds Beat Stock Picking

• Bo uses a Halloween analogy: A “variety pack” (index fund) is safer than betting on a single candy (stock).
• Most individuals and even pros underperform compared to index funds.
• Brian’s Anecdote: When friends ask about buying hot stocks, he tells them to buy the index to avoid emotional whiplash and underperformance.
• Notable Quote:

  "Instead of trying to beat the market, just be the market... You’re doing it, you’re crushing it. And you don’t even have to worry if you sold when it quadrupled." —Brian [14:28]

Timestamp: 13:14–15:44

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7. Wealth is a "Force Field": Financial Security's Real Benefit

• True wealth is not what you buy, but the freedom money gives you, making life's problems less severe and giving you options.
• The “invisible force field” is especially noticeable for first-generation wealth builders.
• Key Insight: Teach the next generation both the mindset and mechanics of maintaining wealth.
• Notable Quote:

  "When you go from really financially struggling to being financially secure, you see those differences constantly... It’s not because I’m smarter... It’s just because I have more money." —Featured YouTube advice [15:44]

Timestamp: 15:44–18:23

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8. The Risk of Over-Saving: Cash is Not King

• Some people, especially those from modest or immigrant backgrounds, have trouble moving money from savings to investments due to fear.
• Hoarding cash in savings, even at high-yield rates, is actually risky compared to investing due to inflation.
• Personal Example: Brian sees this pattern in his own family and stresses using money as a tool for growth, not just security.
• Notable Quote:

  "What in the short term feels safe can actually be risky. And what I mean by that is cash...over the long term that is going to get eaten alive by inflation." —Brian [19:35]

Timestamp: 18:40–20:42

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9. The Wealth Multiplier: First-Generation Investors & Resources

• Acknowledge the barriers for first-generation savers: anxiety, lack of role models, and information overload.
• Advice: Use resources (like those at moneyguy.com) to learn and start building; getting a system in place is key for new investors.
• Notable Quote:

  "Let us love on you [with resources]...your army of dollar bills before you know it will be working harder than you can with your back, your brain, and your hands." —Brian [21:23]

Timestamp: 21:23–End

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Notable Quotes by Theme

| Theme | Quote | Speaker | Timestamp | |-------|-------|---------|-----------| | Early Investing | "For a 20 year old it's 88 times over...You’ve got to get your money working early and often." | Brian | 03:53 | | Car Payments | "You have failed in this financial order of operations exercise." | Brian | 07:03 | | Market Timing | "Time in the market is way more valuable and way more successful than timing the market." | Money Guy | 08:56 | | Consistency | "If you can start and be consistent early on, it gets really, really, really exciting." | Money Guy | 10:10 | | Indexing | "Instead of trying to beat the market, just be the market..." | Brian | 14:28 | | Financial Freedom | "It’s just because I have more money." | YouTube Video | 15:44 | | Saving Trap | "What in the short term feels safe can actually be risky." | Brian | 19:35 |

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Episode Flow with Timestamps

• Student debt & car payments: [00:54–02:46]
• Compounding and investment decisions: [02:57–04:28]
• Car leasing vs. buying philosophies: [05:09–07:19]
• Biggest investing mistakes (YouTube review): [07:19–09:16]
• Roth IRA/Compound growth: [09:51–10:36]
• Index funds vs. stock picking: [13:14–15:44]
• The invisible “force field” of wealth: [15:44–18:23]
• Over-saving & the risk of cash: [18:40–20:42]
• First-generation investors’ worries and resources: [21:23–End]

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Conclusion

This episode blends practical advice, myth-busting, and empathetic insight into financial mindsets. Brian and Bo reinforce the importance of early, consistent investing, skepticism of debt and lifestyle inflation, and using money as a tool for freedom—not just security. By reacting to real online advice and sharing their own lived experience, they make wealth-building strategies tangible and motivating for every listener.

Transcript

[Bo]

This episode is brought to you by Amazon Business. We could all use more time. Amazon Business offers smart business buying solutions so you can spend more time growing your business and less time doing the admin. I can see why they call it smart. Learn [e-mail] when did making plans get this complicated?

[Brian]

It's time to streamline with WhatsApp, the secure messaging app that brings the whole group together. Use polls to settle dinner plans, send event invites and pin messages so no.

[Bo]

One forgets mom's 60th and never miss.

[Brian]

A meme or milestone.

[Bo]

All protected with end to end encryption.

[Brian]

It's time for WhatsApp message privately with everyone. Learn [e-mail] Haga Haga. Here we go. We have some more react content coming your way. Brent.

[Money Guy]

I am so excited to see what the team has in store for us today.

[Brian]

All right, tell us, how much debt do you have? That face was killing. I don't know exactly, but I'm a.

[Bo]

College student, so there's debt there.

[Brian]

Okay. Credit card debt, student loan debt, credit card debt. Do you have a car payment? Okay, what's the total balance? If you had to ballpark it, 50 grand. 50? Just an even 50.

[Money Guy]

No more, no less.

[Brian]

Is it more like 54? Probably. What do you think your major is? How much debt do you have? With my car payment, I'd say probably around 16, 17,000. Okay. What are you driving these days? Tesla Model Y. How about you? What are you driving?

[Bo]

A Kia K4.

[Brian]

You sound disappointed. You're like, is it because of the debt?

[Money Guy]

It's expensive.

[Bo]

Yeah?

[Brian]

Yeah. What did that cost?

[Bo]

Well, my car payment's like 630amonth.

[Brian]

Wow. Yeah. That's hefty. What's your car payment? I'm doing 400amonth right now. 400?

[Money Guy]

Was your Tesla used new?

[Brian]

Used. Was yours brand new?

[Bo]

Yeah.

[Money Guy]

He has to have it crispy.

[Brian]

That new leather smell.

[Bo]

Exactly.

[Brian]

Are you guys an item? Does that mean one day, if and when you guys are married, would he then be helping you pay off Yalls debt? We do it all together. We. If one of us is up and the other one's down, we build each other back to the middle. Whoever's high, if the other one's low, we help each other out.

[Money Guy]

That's romantic. If you don't know how much debt you have, a great thing you can do is you can start tracking your annual net worth statement. What I would tell her to do is she can go out to moneyguy.com resources or learn.moneyguy.com download our net worth tool and every single year she could fill in where all of her balances are. And she would have been able to tell George right there on the spot, I have this much debt.

[Brian]

Well think about even 23, 8, 20% down. Don't finance for longer than three years. 8% of your, your gross income. Her payment was $630 a month.

[Money Guy]

That's more than, that's more than maxing out a Roth IRA every year.

[Brian]

That's a lot. Yeah, definitely more than what she's doing in her Roth.

[Money Guy]

It is hard to start out just as a 20 year old. Start out in this world in which we live. Do you know how much harder it is if you start when you're $50,000 in the hole? Ugh, don't love it.

[Bo]

I want to show you how the decisions that you make today when it comes to where you put your money can impact your financial situation. So let's say you have 10,000 and today it's sitting in a regular bank account paying 0%. After 10 years you still have that 10,000. What if you choose to put that in a account that's paying a high interest, say around 3%. Assuming that 3% maintains you've got 13,439 after 10 years. What about if you choose to put it in an index fund that on average grew 7% per year for the next 10 years. Then you have just under 20,000. That's nearly double your money. Not from working more or taking big risk, but just by choosing where you put your money. And that's if you never added any money on top of that 10,000 that you put in. Imagine what happens if you keep investing consistently. If you're just starting out, begin with your employer sponsored account, especially if there's a match, it's essentially free money. Then open up an individual investment account. Both of these come with tax advantages that make your money work even harder for you.

[Brian]

But we talk about it the wealth multiplier. If you go to moneyguy.com resources, I would encourage everybody go figure out what every dollar that comes in your possession for your age is worth in the future. And look, I'll just tell you this off the cuff. For a 20 year old it's 88 times over. For a 30 year old it's 23 times over. Do you see the drop down there? For a 40 year old it's seven. For a 50 something a 50 year old it's right at three times is the growth opportunity. You see how kind of awesome, but also cruel. It is. You've got to get your money working early and often.

[Money Guy]

What this reminded me of is the hardest part of building wealth is saving. But saving is only part of the equation. And once you've even mastered the ability to save money, you have to take it one step further and actually invest that money. Let those dollars start working for you. She showed. Hey, someone who can save $10,000 is great, but someone who understands how to put $10,000 to work where it can work harder than they can with their brains, their back and their hands. That's when the picture gets really, really exciting.

[Brian]

If you're doing the hard work, do the easy step of actually making it work too. A lot of people just let it sit in cash or put it in just the savings high yield account. At some point you need to be thinking Roth. You need to be thinking index funds. Put this money to work.

[Money Guy]

Is it bad to lease?

[Brian]

Bad to lease what?

[Bo]

A car.

[Brian]

Uh oh. Financially, probably. It depends on, on where you are in your life. You know, there are certain things that are not financially optimal, but if you're wealthy enough, it doesn't matter if you're trying to build your wealth. No, I wouldn't, I wouldn't lease a car. I also wouldn't take a car payment. I've never had a car payment.

[Money Guy]

You just bought outright.

[Brian]

Yep.

[Money Guy]

Go to the dealership.

[Brian]

Yep.

[Money Guy]

Yes, I will take the Toyota Corolla.

[Brian]

Right.

[Money Guy]

Full msrp. Well, not full.

[Brian]

Here's the money economy box and then you're done like that.

[Money Guy]

You know, there's a lot of people that have made a lot of money that have said that with a depreciating asset, just lease it and every two to three years you'll get a brand new.

[Brian]

And if you have a lot of money, that's probably not a bad thing to do if you want a brand new car every few years.

[Money Guy]

I don't disagree with anything that he said there. The only one little caveat that I would throw in is just because you're paying cash, just because you're buying a reasonable car doesn't mean that you can't still negotiate. Doesn't mean that you can't still call a couple different dealers and get a pitted against each other. You don't have to pay full msrp. You can go in and buy a reasonable car and still pay a very good price for that reasonable car.

[Brian]

My preference for vehicles is for you to pay cash for them. But I will say we all know that money is only a tool and sometimes in Households, you'll have very shrewd decision makers and you'll have people that are just, they want to drive a new car. And I can tell you, I've seen it with clients, I've seen it in my own household. You own a Honda or Toyota, even a Lexus or an Acura. The repairs are just, there are a few hundred bucks here and there. But when you own like these European cars, it's nothing to lose. 3, 4, 6, $7,000 on these repairs. You could rent those bad decisions through a lease. I mean, if you are 30 years old and you haven't even maxed out your 401k and you're leasing a European luxury car, you have failed in this financial order of operations exercise. However, if you've got a paid off mortgage and you're now at this level where you know it doesn't even move the needle on what type of car or what your monthly payments are, go knock yourself out. It's much better to rent this bad decision than it is to own it and just have the internal strife as you're trying to keep the house happy.

[Bo]

Here are the three biggest investment mistakes you need to avoid. Number one, waiting for the perfect time to invest. The market will go up and down. There's always going to be all time highs. No one has a crystal ball and can tell us the exact perfect moment to invest. So the next best thing is investing consistently over time. Number two is panic selling. The stock market has huge swings and that is completely normal. I know it feels terrible to see your investments drop 20% and you think you can save a little bit of it by selling it before it drops even more. But you don't actually lose any money unless you sell. If you're investing for the long term. Historically the stock market goes back up. It's just a waiting game at that point. So don't freak out. My best advice is don't even open up your accounts. Don't look at them at all when the market is tanking. If you have that feeling that you need to sell. And number three is not investing inside of your account. Putting money into your Roth IRA and taxable brokerage is not investing. The cash just sits there until you actually go in and purchase investments. This is so, so common and people end up missing out on years of investment growth just because they didn't know there was an extra step to investing.

[Brian]

But I didn't even see number one because I was thinking from a content creator standpoint that she had to actually feign hiding because that was post the words shooting across the screen and her kind of feign avoiding the deb dedication to the craft.

[Money Guy]

You stopped that.

[Brian]

I couldn't. No, I got the panic selling. I got, I got number three. But number one, I have no idea because I was just like well done on the dedication.

[Money Guy]

It was waiting for the perfect time to invest. And I love everything she laid out though. One way that we combat all three of those things, we say that if you're an investor, if you're a builder, you should always be buying. And if you always be buying, it's going to avoid you waiting for the perfect time to buy. It's going to avoid you panic selling and it's going to avoid you putting money in the accounts and not investing it. Because if you're always buying, you are counteracting those three things. Because we know and we believe that time in the market is way more valuable and way more successful than timing the market. I love everything that she said, even when she did her matrix.

[Brian]

Well, the other thing about ABB besides making automatic for the people and your wealth creation in a lot of ways that number two which was panic selling, it kind of turns you into a financial mutant. Whereas when you know the stock prices are coming down and you know you're automatically buying into it, it gives you a behavioral counterweight where you actually you get excited that things are going down in some ways. I know it sounds weird if you're not part of that. You don't get it yet. But I'm telling you, you too can become a financial mutant and kind of see that cool retro counterintuitive thing that happens when you look at your money differently.

[Money Guy]

Here's the power of investing in a Roth IRA. As of 2025, you can contribute up to $7,000 per year to a Roth IRA if you can gener percent rate of return.

[Brian]

Here's how much money you would have over time.

[Money Guy]

If you contribute just $10 a month to a Roth IRA after 40 years, you'll have $32,000. If you can bump that up to $50 a month, after 40 years, you'll have 160,000 dollars. The more money you put into a Roth IRA, the more money you'll have over time. And if you can max out your IRA for 40 years, you'll become a tax free millionaire. I love it. And what this showed is it only takes a little bit of money over a long period of time to have a huge outcome, to have a huge portfolio built up. You don't have to save it all Overnight. If you can start and be consistent early on, it gets really, really, really exciting.

[Brian]

I love Brian's use of the highlighter there because I was watching it the entire time. We know Brian and I will say he does a great job of using visual illustrations like this on Twitter X. I'm old enough, I can call it Twitter, but. But, you know, but I think that that's a great thing as an educator is being able to figure out what's visually going to create people to be more curious and lean into the concept more. And I think Brian does a good job with that.

[Money Guy]

It's another reason why if you are someone on that cusp and you're just thinking, man, I'm not quite maxing out my Roth ira. You have until the tax filing deadline next year. If you can max it out every year, every single year you max it out over that 40 year period is one step closer you've come to becoming a tax free millionaire. So if you can max out your Roth ira, you absolutely should well, think.

[Brian]

About the government restricts who can put in and how much. If you don't load it up, you're going to have regrets later.

[Bo]

So now that I've opened, you know.

[Brian]

What drives me nuts, Bo? Spending all this time and money planning meals, prepping dinners for the week, and then they turn out just meh.

[Money Guy]

The dreaded subpar dinner that is a financial and flavor fail.

[Brian]

Brian. Exactly. So then every plate showed up at my door. We didn't have to stress about picking recipes or overspending at the grocery store. And the financial mutant in me loved that I wasn't buying duplicates I didn't need.

[Money Guy]

All right, but what about the big test? How did it taste?

[Brian]

Oh, it was so good. Like shockingly good. My family loved it. I loved it. It felt like we just found an awesome dinner hack.

[Money Guy]

Well, you know, I also love that every plate takes the guesswork out of meal prep.

[Brian]

No more.

[Money Guy]

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[Brian]

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[Money Guy]

So what are you waiting for? Dig into these flavor packed meals your household will love.

[Brian]

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[Money Guy]

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[Brian]

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[Money Guy]

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[Bo]

My account. What should I actually invest in? Short answer funds that track certain indices or sectors that you're interested in. These are essentially a basket of stocks that you can buy at once. Think about it this way. It's Halloween and you only have Snickers to give out to kids. There's a large chance that maybe some of these kids that show up on your doorstep could be allergic to peanuts. But if you were to have bought a variety pack, you would have a lowered risk of people coming to your house not being able to eat the candy and then your house getting egged. I never advocate for cherry picking stocks because most people who do this will actually lose money. They typically don't perform as well as a diversified portfolio. And most active managers. So folks who are working at hedge funds, they actually underperform benchmarks. And if people who spend their entire livelihoods trying to pick the perfect investment can't do it right, what makes you think 15 minutes of Yahoo Finance and Googling is going to help you do it?

[Money Guy]

We say all the time, Brian, we do not care about beating the market. A lot of active managers, a lot of stock. I want to go out and I want to beat the market and outperform. We don't care about beating the market. We just want to be the market. If you can be the market for a long period of time, financial future super bright.

[Brian]

Well, even I was sitting there thinking, you know, because I go to spring training like good old men do and a few years ago my buddy said, hey, should I go and throw a few thousand bucks into Nvidia? And of course told them exactly like this video. I said, no, go buy the index funds because that's the right decision. Well, we all know the rest of the story, but here's the thing I always remind people, even if you stick it the landing with the best investment that you possibly could, you still run the risk that after it doubles, triples, quadruples, you're more than likely going to sell it and then you're going to bear the weight of watching it go tenfold after you got out, after it doubled or tripled. Or it could go the other way. Whereas, like she shared, most people who are out there individually picking stocks and so forth. They underperform the broad indexes. So if you go and you buy the dog and it underperforms, you're going to kick yourself forever because you emotionally now have gotten yourself tied into this thing. You're trying to figure out the right time to get out of it, to redeploy the assets. It's just better to do exactly what Bo said. Instead of trying to beat the market, just be the market. And that way when you, your friends call up and go, hey, how's my Nvidia stock doing? Be like, hey, great, it's 6% of your index fund. You're doing it, you're crushing it. And you don't even have to worry about if you sold it when it quadrupled. You'll be all a.

[Bo]

Okay, so actual wealth has basically nothing to do with anything you buy and everything to do with this invisible force field. That invisible force field just means that problems are less severe, Things take less time, you have more options. And it doesn't mean you don't have problems. It just means that the problems are about the problem and not about the money. Because when you don't have money, almost everything becomes about the money. And when you go from really financially struggling to being financially secure, like, you see those differences constantly. But often, if you've only ever known a life with that financial force field constantly protecting you, you don't even realize it's there. And often you don't even have to tap into it to benefit from it. Because even when you look at like the lifestyle choices people make or the risks that can take or the things that they can pursue, it is drastically impacted by what the actual consequences of failure are like. I can afford to take bigger chances and do bigger things now because I know that there is a safety net underneath me. And it's not because I'm smarter or more creative or more thoughtful. It's just because I have more money.

[Money Guy]

What she's unlocking there is that more wealth and more resources and a more secure foundation gives you more freedom and more flexibility. Some people have lived in a situation where they've always had freedom and flexibility because they've always had that safety net there. And they don't recognize that that safety net is valuable and important in being there. So that's why one of the things we tell our clients all the time, who maybe are first generation millionaires and they've built the first generation of wealth in their family. Make sure you educate your children well about what you did. How you did it and how they should steward it when the assets pass on to them so they recognize those traits and characteristics that allow you to be successful.

[Brian]

Well, I also think it's because you talked about the force field. I would say it's a separation of what you can generate time and income. Because I think a lot of people get in this trap. They think just because they can earn a big income that they're protected from a lot. And I always say more flexibility comes when your money or the resources you've built up through your discipline can start replacing all of your income. Your. And so you control your time. You have that additional flexibility. It also creates a bigger moat of exactly like bo, you share with me all the time is that, you know, when I get stressed out about something, you're like, what are you stressed out about? You can just go buy this. This repair. You can hire somebody to do that. And it's always good to be reminded that, yes, if you can build up enough resources, potentially you can solve a lot of the stresses, but you can't. You have to actually do the hard work. It's not fast, it's not an overnight thing. That's why you have to start early and often is, because it's going to take a little bit of time to get that separation to where your money can actually work harder than you can and actually give you flexibility and owning your time and having all those options.

[Money Guy]

I have a really good buddy, Ron. He always frames it this way. He says, if you have a problem, but you have money and you could write a check to solve that problem, you don't really have a problem. It just takes time to get there. And you have to make the decisions to be in the position to be able to use your money that way.

[Bo]

Something I'm actively working through this year is my inability to let go of money, like hoarding money, saving too much money than what you actually need. I'm really good at that. But I have found that it's actually hurting me long term. That money sitting there in that savings account, even if it's a high yield savings account, is not doing all that much for me. And I knew this was a problem when I had difficulty moving money from my savings account to my investment account because I thought the money is safer with me in that savings account. That's the level I'm at. And I know where all this comes from. Obviously, I grew up as an immigrant here. My parents came here with nothing. All they did was save. And they got to a point of where they didn't need to keep saving and yet they didn't work through that problem. And so I see how they live now. And I don't want that to be me. Okay? I don't want that to be me because I think money should be enjoyed. At the end of the day, of course, handle your business, but also enjoy your life.

[Brian]

What in the short term feels safe can actually be risky. And what I mean by that is cash. It feels good to have cash in the bank like she was talking about, but over the long term that is going to get eaten alive by inflation, purchasing power. It just doesn't do it. But then the things that in the short term are very risky, like investing in the financial markets and index funds and so forth, in the long term can actually be your best performing or less risky or more likely opportunity to create wealth. And this is something I can tell you growing up with modest. And I know you come from modest beginnings too. BO is I watched my parents be so good at saving money, but their idea of investing was CDs. And then I watched relatives or in laws, you know, who just maybe weren't as disciplined with how they lived their life. But because they were putting a few hundred bucks a month into the fast rising stock or mutual fund of that time, their money was doing so much more even than the hard work and the hard discipline that my parents or the household that I grew up in was doing.

[Money Guy]

What I think is so interesting that she hit on is that money is nothing more than a tool. It's a tool that allows us to achieve the goals that we have in this life. But we need to make sure that we're using that tool in its highest and best use. We want the tool to be as efficient and effective as possible. So if one of the things you want your tool to do is help you build towards financial independence, you're going to have a much higher likelihood of being able to achieve that by using investment accounts and low cost index funds and having a long time horizon, then using that tool is something that just simply pads a savings account earning a very low rate of interest. So if you're going to use the tool, use it in the best way possible.

[Brian]

Well, I think also a lot of this is, this is your first time. If you're somebody who's you're maybe you're the first one out of your family that has a good income and now you have that margin that allows you to use discipline to start saving. Investing this, if you've never had it modeled for you you don't know what to do. So you're probably figuring out, what do I do with my next dollar. I'm so worried. There's so much noise. There's so many people trying to get in my back pocket. What do I do? I'll tell you what you do. You go to moneyguy.com and then even better, go to moneyguy.com resources. Let us love on you show you the free stuff that we give out to our audience because we know this stuff works. Go check it out and you will be that much better for it and your army of dollar bills before you know it will be working harder than you can with your back, your brain, and your hands. I'm your host, Brian from Mr. Bo Money got team Out.