
Money Guy Reacts | WILD TikTok Advice
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Brian Preston
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Bo Hanson
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Chris Krohn
Meta AI so you can get real time answers.
Bo Hanson
Hey Meta, how bougie is Jade Garden? It's a trendy spot.
Brian Preston
What's a color that pairs with this top?
Bo Hanson
Consider dark earthy colors charcoal or black. What are some good first date topics? Consider discussing favorite travel destinations or your favorite books. Get suggestions, inspiration and answers from your glasses.
Chris Krohn
Ray Ban Meta Glasses Iconic style meets.
Bo Hanson
Meta AI for the rebel, it's 1159amonth, the Audi's 901 and the Corvette Z06 is 1753.
Chris Krohn
That's $4,000. Chris. You didn't even do it right. If you're gonna try to break into an ice cube full of money, let us show you how it's done.
Bo Hanson
And we're back with another react episode for all of you guys. I can't wait to see what the content team has put together for us.
Chris Krohn
Brian, I am so excited because we never know what's going to be other side of the screen. So with that, let's dive right in.
Zach
You've been working hard, Chris, saving diligently and dumping cash into your 401k. You think your money is growing, right? Well, I hate to break it to you, but what's really your money is frozen.
Chris Krohn
No it's not.
Zach
If you have a 401k or IRA, your money is trapped, barely pacing with inflation locked away with banks and Wall.
Chris Krohn
Street can use it.
Bo Hanson
What about the 100% max averages around.
Zach
7 to 8%, but after you factor in inflation, fees and taxes, you're left with scraps. That's not freedom, that's a financial glacier holding your wealth hostage.
Chris Krohn
Your Money in a 401k in an IRA is not sitting still. You are literally growing your wealth in a tax advantage, tax incentivized manner. No, you do not access it today because it's not supposed to be today money. It's supposed to be retirement financial independence money. Chris, what a frustrating exam.
Bo Hanson
Well, I mean, I Let the stats talk for us. I mean, if you look at millionaires, the first account that typically crosses 7, 7 figure status is typically the 401k. There's so many things going forward. The tax favored, the free money from your employer, whether it's 50%, 100%, dollar for dollar match. These are powerful concepts to let your money grow and build automatic for the people. Because it's a rewarding, that behavior of investing monthly. Chris is trying to sell you something, see through it and kind of act accordingly.
Chris Krohn
Chris, you didn't even do it right. If you're going to try to break into an ice cube full of money, let us show you how it's done.
Bo Hanson
What cockamamie idea? You realize Chris had like a fish bowl full of ice? No, we did this in a way.
Chris Krohn
Where you got this, you got.
Bo Hanson
I mean, we can see the ice cubes attached to it.
Chris Krohn
Come on, Brian, you show Chris how it's done. Look at that.
Bo Hanson
Watch your fingers, Bo.
Chris Krohn
Look at that. Take that, Kris Krohn.
Unknown
If I had to start over again right now, I'd be flipping mobile homes. You go out in the middle of the night, two, three, four of your buddies, you flip over a mobile home, you call the insurance company, you say.
Chris Krohn
Hey, oh, you mean physically flipping a mobile home?
Unknown
What do you think I meant? So you go and you flip the mobile home over. You call the insurance hack I hit by a NATO last night, and they say, oh my gosh, we'll send somebody out. They'll say, well, yeah, because how is you going to tell somebody how did this house flip over?
Chris Krohn
Wait, so do you flip it back.
Unknown
Over, then you get the money, right? Then you go hire somebody to flip it back over. Okay, now you got the money plus the house. Plus the house.
Bo Hanson
The stimulus overload here, that's a side.
Unknown
Hustle right there, all right? It's thinking smarter, not harder.
Bo Hanson
You're going to tell me what he was.
Chris Krohn
Well, he was talking about flipping a mobile home. He was about flipping mobile homes, which would be an idea of like, well, buying and selling. But that's not. He was talking about active insurance fraud. And so if your financial strategy is built upon the fact that if the authorities catch on to the fact that's the way that you're making your money and it results in you being arrested, you may not want to perpetrate, no pun intended, that financial strategy.
Bo Hanson
Well, I mean, let's go make some content on it. Just go ahead and paint by the numbers on how you can wear orange. Asking people who work at Audi.
Unknown
What?
Bo Hanson
Their car payment is in Montana. What car do you drive? I have a 2021 Ram Rebel, a 2017 Audi S6 and a 2017 Corvette Z6. And what's your car payments for the Rebel, it's 11.59amonth. The Audi's 901 and the Corvette Z06 1753, that's $4,000. I drive a 2019 Audi E Tron and my payment is 780amonth. 2018 Audi A5 Sportback. What's your payment? Six hundred and seventy eight. Zach, what car do you drive?
Unknown
It's my last day, man. I'm just trying to go. I've got three, I have my 2023 S5, I've got a 2010 S4 and then I've got the 2007 Corvette.
Bo Hanson
What are your car payments?
Unknown
850 on the S5, 650 on the Vet and 450 on the S. $2,000 a month.
Bo Hanson
This is my car. 22 Porsche Taycan. What's your car payment? 1367. And by the way, he didn't tell us how many months. You know that, that, that bad boy is like 84 months too.
Chris Krohn
Why do you need three cars and much less three cars that are all finest, that all have debt on them. If any one of those people run, if they went to moneyguy.com resources and they went to our wealth multiplier tool and they just took that car payment, whether it was the 495 or the 1367 or the 898 and they just could see what that monthly car payment could turn into. If they had that money working for them, they could buy a fleet of those cars when they get to retirement and pay cash for all of them if they wanted to.
Bo Hanson
It is so much better to be rich than to look rich. And these people, they are just going to be the servant to those banks because they're never going to own their life and actually turn the power of compounding to work for them. They'll always be indebted to this lifestyle.
Chris Krohn
Look, when you go to buy a car, make sure you follow 23, 8. We want you to put down 20%. We don't want you to finance it for any more than three years or 36 months. And the total payment cannot exceed 8% of your gross income. But Brian, if you're buying an Audi, what should you do instead?
Bo Hanson
You have to do same as cash. I mean that's the thing. I was going to say any luxury car. What are you doing? Taking any debt. If you can't pay cash for those things, you are faking it until you make it. And you're never going to make it to the make it. What you told me when I met you was that you're an astrologer.
Unknown
Right? Financial astrologer.
Bo Hanson
What exactly is financial astrologer?
Unknown
We basically look at planetary patterns and we correlate them to stock market activity.
Bo Hanson
How can that be correlated?
Unknown
Remember, astrology is a mathematical science.
Bo Hanson
Is that really fair to say that it's a science? Because there's no way to really verify.
Unknown
My background is in mathematics and psychology. And astrology is a mathematical psychology based on astronomy. We take data like this, for example, which gave us information.
Bo Hanson
Astronomy is very mathematical, which is something.
Unknown
You probably wouldn't know how to interpret. And then we put it together.
Chris Krohn
Oh, just something you wouldn't know how to interpret.
Unknown
What the market's doing and when we charge depends on services. Like we have a freeze of a company coming to me and we're going to probably make them about $40 million. They're offering me maybe 100, 150, and I don't think I'm going to accept it. Not that 150,000 is not a lot of money, but we're going to make them $40 million.
Bo Hanson
Where did we find that? I feel like we're watching the Office or something.
Unknown
We're underpaid.
Bo Hanson
I agree. I didn't say that.
Chris Krohn
I said did feel like an episode of the Office, right?
Bo Hanson
Yeah, like that. That didn't feel real.
Chris Krohn
If let's just assume for a moment that the guy in the suit could use astrology to figure out trading strategies. Why on earth would need to sell it? Why would we not see his name's list on the Forbes 400 right next to, you know, Musk and Buffett and baseball. Zodiac trader, right. Why isn't he the wealthiest?
Bo Hanson
Wouldn't be Google anymore. It wouldn't be Apple. Be Zodiac trader in his brown suit.
Chris Krohn
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Chris Krohn
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Bo Hanson
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Chris Krohn
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Unknown
They can freeze your account at any time. Having your money in the bank used to work in the past. Interest rates were high, inflation was relatively low compared to where it is today. They're okay. They're moderate. Let's say they're 4 and 5%. So you have your savings in there. Maybe you get 4% on a long term saver, but inflation's at 10%. You're losing money every single year. The bank at any time, they can freeze your money. They can cause an issue for you. They can hold on to your funds. They can lock you out of your account. Crypto solves many of these issues. Crypto is a wealth builder. You know, I've always said that it's a savings maximizer. You know, I consider putting money in bitcoin, putting money in Ethereum as two long term savings accounts. I always say that to the guys. I've been saying that since Bitcoin itself was When I was first in $800, you know, in 2015, I've considered Bitcoin a long term savings account. That's been my savings account. It's been a very good idea for me. You know, it's much harder for the government to free your money. It's much harder for them to seize your funds. And ultimately, if you're responsible, if you're self sovereign, if you're able to actually manage your money, money crypto is the only solution for that.
Chris Krohn
There are people who have made money investing in crypto. There are people who have become very wealthy because of changes in prices in cryptocurrencies. But to suggest that it's a savings account, to suggest that you should be your own bank and you should be sovereign, you should use crypto as a means to do that, just seems absolutely asinine. If you don't believe me, go look at what the value of Bitcoin has done in terms of volatility over the past three, four, five, 10 years. And then go look at what the value of a savings account, a single dollar in a savings account has done. When you think about savings, you want a stable store of value, not something that is wildly volatile.
Bo Hanson
There was so much going on in that video. Bo can look, I, I want to give him credit though. If you're going to make the bold decision to do your video shoeless, I appreciate the fact that you positioned your legs so that we didn't get to see your ganky feet. Thank you. That was, that was well done for the public service.
Chris Krohn
I kept waiting on Jason Statham to bust it because I thought he was the bad guy in a Jason Statham movie and he was. So I missed the first half of the video because I was waiting for that look.
Bo Hanson
I got to believe a neck tattoo hurts. Here's a question for someone with a tasty bite size account, about $4,000, super.
Unknown
Busy getting started in a small account, you might want to sell a put on an inexpensive stock naked seller out of the money call spread. Sell an out of the money put spread. Just a simple, you know, one side strategy where you're either betting up or down. Maybe define risk when you're just getting started just to get your feet wet. Or if there's a stock you really like, buy the stock and sell a call against it.
Chris Krohn
Yeah, if you're just starting out with small accounts, you should do like very complex options trading. Obviously, like that's the thing that you ought to be doing with your money. When you just start out the things that like seasoned professionals still screw up on a daily basis. Totally where you should.
Bo Hanson
Was it buying the calls or selling the calls? He was, he was naked neck selling a naked call. What's the actual potential for loss?
Chris Krohn
Infinite infinite loss.
Bo Hanson
Infinite infinite loss beyond. Holy cow. When you see the news report that there is somebody who did something silly and then this turned out to be a disaster where they lost millions of dollars or hundreds of thousands of dollars is typically doing something like that because you really, your potential for loss is to infinity. You go start an s and P500 or an index investment. The most you can lose is what you investment. But that's not historically that doesn't even. That's not something you're thinking about. But with these strategies you could lose many times over even what you put into that initial strategy.
Chris Krohn
You know what you should do with that $4,000 account instead? Maybe go follow the financial order of operations. You can get your free copy@moneyguy.com resources and maybe just take that and use that to find fund a Roth ira. There's a really good chance you fund that Roth ira. Buy a good low cost index fund. You're gonna be in a much better place than if you try to go do some option strategy and then let.
Bo Hanson
Your tasty be just towards cakes, not trading.
Unknown
You study the wealthiest. I don't mean Bill Gates and Warren Buffett. I mean if you study Goldman Sachs, that's where the real wealth is. Okay, study the wealthiest.
Explain that. Why isn't it Kate and Buffett?
Because they're only worth 80 million.
80.
80, 80 billion.
Okay, okay.
You know Goldman Sachs will destroy 80 million in an hour.
As far as their, their income, their.
Revenues, you're talking About Vanguard controls $5 trillion of ETFs, right? That's money. There's endless amounts of money. Like I don't know what the queen controls, but it's freaking massive.
Massive.
Or the Putin money. You're not talking about all that dark.
Bo Hanson
I feel like we've covered a lot.
Unknown
On the black in the shadows money.
Chris Krohn
I don't know what to react to here.
Bo Hanson
Basically go look for the biggest holders of resources and that's what you should learn from. I guess. We just got an endorsement from Grant that index investing is good, not apartment complexes. But index investing is where you should go because that's where Vanguard and others are building assets.
Chris Krohn
He just said that there's $5 trillion in ETFs and one of the biggest ETF providers is Vanguard. I think. And maybe I think Grant.
Bo Hanson
Thank You, Grant.
Chris Krohn
Thank you, Grant.
Unknown
There's no such thing as making money. Nobody makes money.
Bo Hanson
Is he smoking?
Unknown
They take money because whenever you get it, it has to come out of somebody else's pocket. Every morning, the barista takes five of my dollars for my coffee. And every morning I take seven of her dollars out of tip jar while she makes it. We're both entrepreneurs, but in this case.
Chris Krohn
There is. There is a thread that is riddled through that we hear all the time that in order for someone to succeed financially, someone else has to be taken advantage of.
Bo Hanson
Zero sum game.
Chris Krohn
Zero sum game. If I make money, someone else has to lose money. That is not the case.
Bo Hanson
Yeah, I like that. Good innovation, good products, good service. People willingly come back to you many times over to keep buying your product. And here's the good thing about innovation and growing economies. The pizza pie is not a zero sum. The pizza just keeps getting bigger, bigger, bigger. This economy is growing. Be a part of the success.
Chris Krohn
Here's the thing. There is a lot of very bad financial information out there. You need to be careful. You need to be an advocate for yourself, to be on guard at what you let into your mind and what you let affect the way you make financial decisions.
Bo Hanson
Yeah, I learned a lot about pounding ice with hammers. There's so much to cover here. Grant liking index funds, which blew my mind. Very big takeaway to smoky rooms where we learned how we should and should not invest. All this to say that there is indeed a better way to do money. And ours comes without all the gimmicks. All you have to do is go to moneyguy.com better yet, go to moneyguy.com resources. We'll load you up with tons of free information. I'm your Host, Brian Preston. Mr. Bo Hanson. Moneyguy team out.
Chris Krohn
The Money Guy show is hosted by Brian Preston and Bo Hanson. Brian and Bo are partners with Abound Wealth Management. Abound Wealth Management is a registered investment advisory firm regulated by the securities and Exchange Commission. In accordance in compliance with the securities laws and regulations, Abound Wealth Management does not render or offer to render personalized investment or tax advice through the Money Guy Show. The information provided is for informational purposes only, may not be suitable for all investors and does not constitute financial tax, investment or legal advice. All investments involve a degree of risk, including the risk of loss.
Money Guy Show: Detailed Summary of "Financial Advisors React To WILD Money Advice On YouTube"
Release Date: June 30, 2025
Hosts: Brian Preston and Bo Hanson
In this engaging episode of the Money Guy Show, hosts Brian Preston and Bo Hanson, alongside co-host Chris Krohn, delve into a critical analysis of unconventional financial advice circulating on YouTube. Titled "Financial Advisors React To WILD Money Advice On YouTube," the episode offers listeners valuable insights into distinguishing sound financial strategies from dubious schemes. The discussion is anchored around dissecting a particular YouTube video that presents questionable money-making tactics, serving as a catalyst for a broader conversation on effective wealth-building practices.
Guest Introduction and Initial Reactions
The episode kicks off with the hosts expressing excitement about reviewing content prepared by their content team. Bo Hanson announces, “[01:16] Bo Hanson: And we're back with another react episode for all of you guys. I can't wait to see what the content team has put together for us,” setting the stage for an in-depth critique of the featured YouTube video.
Critique of 401(k) and IRA Strategies
The primary focus of the YouTube video under scrutiny is a skepticism towards traditional retirement accounts like 401(k)s and IRAs. A guest, Zach, argues:
“[01:32] Zach: You've been working hard, Chris, saving diligently and dumping cash into your 401k. You think your money is growing, right? Well, I hate to break it to you, but what's really your money is frozen.”
He further contends that these accounts barely keep pace with inflation and are, in his view, a “financial glacier” trapping wealth. However, the hosts swiftly counter these points:
“[02:06] Chris Krohn: Your Money in a 401k in an IRA is not sitting still. You are literally growing your wealth in a tax advantage, tax incentivized manner.”
Bo Hanson adds statistical support, highlighting that many millionaires’ first significant asset is often their 401(k), emphasizing the benefits of employer matches and tax advantages:
“[02:23] Bo Hanson: If you look at millionaires, the first account that typically crosses 7, 7 figure status is typically the 401k.”
This segment underscores the importance of traditional retirement accounts in wealth accumulation, debunking Zach’s claims by spotlighting the compounded growth and employer contributions these accounts facilitate.
Mobile Home Flipping Scam
The discussion shifts to a more alarming topic—fraudulent schemes presented as financial strategies. An individual describes a deceptive practice involving mobile homes:
“[03:19] Unknown: If I had to start over again right now, I'd be flipping mobile homes. You go out in the middle of the night, two, three, four of your buddies, you flip over a mobile home, you call the insurance company, you say...”
This tactic involves intentionally flipping mobile homes to claim insurance money, a clear example of unethical and illegal behavior masquerading as a money-making opportunity. The hosts, particularly Bo Hanson, condemn such practices:
“[03:55] Chris Krohn: He was talking about active insurance fraud. If your financial strategy is built upon the fact that if the authorities catch on, you may not want to perpetrate, no pun intended, that financial strategy.”
This exchange highlights the importance of ethical financial planning and the dangers of pursuing quick, illegitimate gains.
Lavish Car Ownership vs. Financial Freedom
Another segment examines the trend of owning multiple high-end vehicles laden with substantial monthly payments. Bo Hanson showcases luxury cars and their hefty payments:
“[04:26] Bo Hanson: They’re going to ask what car do you drive? I have a 2021 Ram Rebel, a 2017 Audi S6 and a 2017 Corvette Z6. And what's your car payments for the Rebel, it's $1,159 a month...”
Chris Krohn critiques this lifestyle choice:
“[05:24] Chris Krohn: Why do you need three cars and much less three cars that are all finest, that all have debt on them.”
He advocates for reallocating funds from high monthly payments into wealth-building tools, suggesting that these funds could instead grow through investments, potentially allowing for car purchases in retirement without debt.
Questioning Astrological Financial Strategies
The episode takes a critical turn when discussing unconventional financial advice rooted in astrology. An individual describes himself as a "financial astrologer," attempting to correlate planetary patterns with stock market activity:
“[06:37] Unknown: We basically look at planetary patterns and we correlate them to stock market activity.”
Bo Hanson challenges the validity of this approach:
“[06:54] Bo Hanson: Is that really fair to say that it's a science? Because there's no way to really verify.”
Chris Krohn further questions the practicality and recognition of such methods in mainstream financial success:
“[07:34] Chris Krohn: If let's just assume for a moment that the guy in the suit could use astrology to figure out trading strategies... Why isn't he the wealthiest?”
This conversation emphasizes the hosts' stance on relying on evidence-based financial strategies over pseudoscientific methods.
Options Trading vs. Index Investing
The dialogue transitions to investment strategies, particularly focusing on options trading as suggested in the criticized video. An unknown speaker advocates for complex options strategies, which Bo and Chris promptly refute:
“[12:06] Unknown: Maybe go follow the financial order of operations... or sell a call against it.”
Chris Krohn warns against such high-risk approaches:
“[12:30] Chris Krohn: If you're just starting out with small accounts, you should not engage in very complex options trading.”
Bo Hanson underscores the potential for catastrophic losses:
“[13:27] Bo Hanson: What's the actual potential for loss? Infinite.”
In contrast, the hosts promote index investing as a safer, more reliable path to financial growth:
“[14:38] Bo Hanson: Basically go look for the biggest holders of resources and that's what you should learn from... We've got an endorsement from Grant that index investing is good.”
This segment advocates for low-cost, diversified investment vehicles like ETFs managed by firms such as Vanguard, aligning with proven wealth-building strategies.
Debunking the Zero-Sum Game Concept
The conversation addresses the misconception that financial success is inherently a zero-sum game:
“[15:37] Bo Hanson: Zero sum game. If I make money, someone else has to lose money. That is not the case.”
Chris Krohn supports this by explaining how innovation and economic growth expand the overall financial "pie," allowing multiple parties to benefit simultaneously:
“[15:43] Bo Hanson: Good innovation, good products, good service... The pizza pie just keeps getting bigger, bigger, bigger.”
This discussion reinforces the idea that financial growth can be mutually beneficial and is not solely reliant on others' losses.
In wrapping up the episode, the hosts summarize the critical lessons from their analysis:
Trust Proven Strategies: Emphasize tried-and-true financial methods like 401(k)s, IRAs, and index investing over unverified or high-risk schemes.
Avoid Ethical Pitfalls: Steer clear of fraudulent activities and unethical money-making tactics that can lead to severe legal and financial repercussions.
Financial Health Over Appearances: Prioritize building genuine wealth and financial freedom rather than showcasing a facade of affluence through expensive purchases.
Skepticism Towards Pseudoscience: Remain cautious of financial advice lacking empirical support, such as strategies based on astrology.
Growth Mindset: Understand that economic growth and innovation can create opportunities for widespread financial success without necessitating others' losses.
The episode concludes with an encouragement to utilize reliable resources available on moneyguy.com, urging listeners to educate themselves and adopt robust financial practices.
Bo Hanson on 401(k)s:
“[02:23] Bo Hanson: If you look at millionaires, the first account that typically crosses 7, 7 figure status is typically the 401k.”
Chris Krohn on Options Trading Risks:
“[12:53] Bo Hanson: Infinite infinite loss beyond. Holy cow.”
Bo Hanson on Zero-Sum Games:
“[15:38] Chris Krohn: Zero sum game. If I make money, someone else has to lose money. That is not the case.”
Bo Hanson on Index Investing:
“[14:38] Bo Hanson: Basically go look for the biggest holders of resources and that's what you should learn from.”
Note: This summary excludes advertisements, introductions, and outros to focus solely on the substantive financial discussions presented in the episode.