Financial Confessions: The Money Mistakes You’ll Never Forget

Summary

Money Guy Show Episode Summary: "Financial Confessions: The Money Mistakes You’ll Never Forget"

Release Date: May 19, 2025
Hosts: Brian Preston and Bo Hansen

In this compelling episode of the Money Guy Show, hosts Brian Preston and Bo Hansen delve into candid confessions from their listeners, unveiling a series of memorable financial missteps. Through these personal stories, the hosts offer insightful commentary, practical advice, and valuable lessons to help listeners navigate their own financial journeys more wisely.

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1. Introducing Financial Confessions

Brian and Bo kick off the episode by expressing their excitement about sharing real-life financial confessions from their audience. They emphasize the importance of learning from others' mistakes to build stronger financial strategies.

Brian Preston (00:22):
"These are our people. These are our financial mutants explaining some of their money decisions. I'm curious to see how this goes. Let's dive right in."

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2. Hank's Undergarment Saga: A Lesson in Frugality

Hank shares a humorous yet telling story about his extreme frugality in managing clothing expenses.

Hank (00:33 - 01:44):
"I hate buying clothes. I don't place any value on clothing other than just a utility. And so I wear them beyond what maybe a reasonable person would do... I kept wearing them because why replace them if they're still functional, right?"

Hank's reluctance to replace worn-out underwear eventually leads to a domestic fiasco, prompting his wife to insist on discarding the threadbare garments. This incident underscores the fine line between being frugal and neglecting essential expenses.

Brian Preston (01:44):
"This is a big L. It's not a money win."

Bo Hansen (02:09):
"I like the coin term, I think that this is not healthy for you. Walk away from it."

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3. Misusing the Roth IRA: Hank's Contribution Conundrum

Continuing with Hank's financial confessions, he reveals a critical mistake involving his retirement savings.

Hank (03:28 - 04:14):
"Back in 2016, I contributed $2,400 to my Roth IRA for the year. And the very next month... the repair bill was exactly $2,400. I didn't feel confident taking the money from my maintenance sinking fund or my emergency fund... so I withdrew my contribution for the year."

Brian and Bo probe into why Hank chose to tap into his Roth IRA instead of utilizing his designated emergency funds, highlighting the importance of maintaining clear financial boundaries and accessing funds appropriately.

Brian Preston (03:58):
"The maintenance fund is there for when you have maintenance issues come up, you go and draw from it."

Bo Hansen (04:39):
"A $2,400 mistake you can recover from... I wouldn't pull that lever again."

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4. Rick's Savings Account Mismanagement: The $255,000 Trap

Rick confesses to a significant oversight in his savings strategy, revealing a substantial sum trapped in a low-yield account.

Rick (04:14 - 05:34):
"I've been contributing 5% of my paycheck to a regular savings account. It was just to set it and forget it... That account now has $255,000 in it. And it's killing me knowing what that could have been had I actually invested it in say, a Roth IRA or something like that back when I was in my 20s."

The hosts discuss the missed opportunities and the critical nature of choosing the right savings vehicles to maximize returns.

Brian Preston (05:48):
"Even worse than that. It wasn't even a high yield account. I mean, even if you're going to build up cash, at least if you're making, you know, recently four on that, that's something. But this is hundreds of thousands of dollars that sat there earning less than 1%."

Bo Hansen (05:34):
"Has she gone through the process?... I could have gotten you out of the penalty for Virginia."

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5. Bill's Tax Withholding Nightmare: Double Payments and Penalties

Bill shares a frustrating experience with tax withholding errors that resulted in double tax payments and penalties.

Bill (07:14 - 12:17):
"They switched my tax withholding to D.C. and for whatever reason, I could not get them to change that tax withholding. And when it came time to actually file my taxes at the end of the year... I paid the Virginia taxes as well, while also having previously paid my taxes to D.C."

Brian and Bo analyze the situation, emphasizing the importance of accurate tax withholdings and the benefits of consulting with tax professionals to rectify such issues.

Bo Hansen (10:30):
"If you go see the right tax preparer, CPA, they can help you unwind this situation."

Brian Preston (10:17):
"A lot of do-it-yourselfers, you don't like to pay fees, you just think you go do it all yourself. But this is a perfect example that if you go see the right tax preparer, CPA, they can help you unwind this situation."

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6. Rick's Bitcoin Regret: A Volatile Investment Journey

Rick opens up about his tumultuous relationship with Bitcoin investments, reflecting on lost opportunities and emotional trading behavior.

Rick (12:17 - 20:07):
"In 2008, my dad told me about Bitcoin. I convinced him that it was a scam... Later, I finally decided to get into it in 2016, and I sold when it would crash and foolishly bought back in after it went up... I would probably have over a million dollars by now if I had just always been buying small amounts."

Brian and Bo critique Rick's approach, highlighting the dangers of emotional investing and the importance of aligning investments with one's risk tolerance.

Brian Preston (19:04):
"You were investing in something that did not make sense for your unique investor profile."

Bo Hansen (19:04):
"You're too risk-averse, which I would say is a healthy thing. You just got to make sure that the rest of your actions match the journey."

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7. Investment Gone Wrong: Holding Funds in Uncertified Ventures

Another confession involves an individual who invested $25,000 in an unverified investment opportunity, resulting in locked funds and uncertainty.

Bo Hansen (16:52 - 17:12):
"This is not healthy for you. Walk away from it... Everything you shared, your risk profile is, you were too risk-averse, which I would say is a healthy thing."

Brian and Bo advise caution against high-risk, speculative investments, advocating for safer, diversified investment strategies like index funds to mitigate emotional and financial risks.

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8. Key Takeaways and Lessons Learned

Throughout the episode, Brian and Bo synthesize the shared confessions into actionable financial wisdom:

• Maintain Clear Financial Boundaries: Utilize designated funds (like emergency or maintenance funds) appropriately without compromising retirement savings.

• Optimize Savings Vehicles: Avoid low-yield savings accounts for substantial funds; instead, consider higher-yield options or investment accounts to maximize growth.

• Seek Professional Assistance: Complex financial issues, such as tax withholdings or investment missteps, benefit greatly from expert advice, preventing costly errors and penalties.

• Align Investments with Risk Tolerance: Emotional trading and speculative investments can lead to significant losses. It's crucial to invest in instruments that match one's risk appetite and long-term goals.

• Learn from Others' Mistakes: Sharing and analyzing others' financial missteps provides valuable insights, helping listeners avoid similar pitfalls.

Brian Preston (20:07):
"How your journey begins does not define how your journey has to end. Even when it comes to financial mutants."

Bo Hansen (20:32):
"We love our audience and we love creating this type of content."

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Conclusion

"Financial Confessions: The Money Mistakes You’ll Never Forget" serves as a powerful reminder that financial missteps are common but surmountable. By openly discussing and analyzing these mistakes, Brian Preston and Bo Hansen provide listeners with the tools and perspectives needed to build more resilient and informed financial strategies. Whether it's managing savings, optimizing investments, or navigating tax complexities, the episode underscores the importance of continuous learning and prudent decision-making in the journey toward financial confidence and fulfillment.

For those who wish to share their own financial confessions, Brian and Bo encourage listeners to visit moneyguy.com/confessions and contribute their stories, fostering a community of shared experiences and collective growth.

Transcript

[Brian Preston]

This is a big L. It's not a money win. I'm so nervous. Here's what I'm nervous.

[Bo Hansen]

If there's a part three, that account.

[Rick]

Now has $255,000 in it.

[Bo Hansen]

Man, Bitcoin just is chasing this guy around. What a special day. The content team has asked you guys to give us your financial confessions. Can't wait to see how this goes.

[Brian Preston]

Brent, I am so excited because this is. These are our people. These are our financial mutants explaining some of their money decisions. I'm curious to see how this goes. Let's dive right in.

[Hank]

So I hate buying clothes. I don't place any value on clothing other than just a utility. And so I wear them beyond what maybe a reasonable person would do. So I had a pair of underwear that had fully started coming apart at the seams, but I kept wearing them because why replace them if they're still functional, right?

[Brian Preston]

They're not functional. They're coming apart the same.

[Hank]

Well, it got to the point in the not too distant past, actually 2025 this year, that the entire supportive nature of these underwear, the briefs, was too much non existent. So one day I happen to be in the kitchen in said underwear, checking under the dishwasher. I thought I saw maybe a leak or something. So I was on my hands and knees. Without getting into the explicit details, let's just say that I was hanging out doing some home maintenance that day and my wife walked in and was not too impressed at the sight that she saw, told me that I had to throw them away immediately. So I gave in and threw them away. Needless to say, those underwear had been fully depreciated and had served in my army of dollars to the full. I'm still trying to figure out if this is a money win or maybe frugal to a fault.

[Brian Preston]

This is a big L. It's not a money win. This is a big.

[Bo Hansen]

I was going to pick at the end and be like, obviously single because nobody. I mean, because, look, I'm Mr. Thrifty Underpants. I am exactly like you as I see no functionality in the clothes except for one key difference, one key thing. My wife. I like to look. Anything I can do so that my wife finds me more attractive, I do.

[Brian Preston]

You do it. Yeah.

[Bo Hansen]

I've got some shirts and pants that are either too tight or I think are too scratchy. But you know what? If she gives me a compliment, I'll wear it more often. So it. So to hear you say, first of all, I see no function in my clothing, I'D love to know. Know what your spouse says about that, because, I mean, I think we all want to kind of present ourselves to our spouses in our best foot forward. Right. And the other thing is, underwear is starting to fall apart. What are we doing? I mean, yeah, I mean, if you look at total cost for return, I mean, this is. You even divide it by how many years. I mean, obviously, you got probably at least 10 years out of this underwear, it sounds like. I mean, so that's not where you're going to fund your Roth ira. Go buy some new drawers.

[Brian Preston]

You know the moral that I heard of this story. Who. Who does their, like, home improvements in their underwears? Right, like that. Like. Like that. For step number one.

[Bo Hansen]

Wait a minute. I've seen enough of you on social media. You, once you leave the house, I mean, leave the office Here, you're Matthew McConaughey, you walk around shirtless everywhere. Social media, absolutely. Like, Bo Hansen doesn't know what a shirt looks like.

[Brian Preston]

Take it.

[Bo Hansen]

So you are halfway taking your shirt off.

[Brian Preston]

Go pop in the top. Makes all the sense in the world when you're doing home repairs. But not having on pants, that's just a bridge too far. I say, do do your chores with pants on.

[Hank]

So back in 2016, I contributed $2,400 to my Roth IRA for the year. And the very next month, the beginning of 2017, the head gaskets went in my hoopty car that I was driving at the time. And wouldn't you know, the repair bill was exactly $2,400. I didn't feel confident taking the money from my maintenance sinking fund or my emergency fund because I didn't think I had enough. Yeah, I withdrew my. My contribution for the year.

[Brian Preston]

That's what the maintenance fund is there for. The reason why you keep a maintenance fund is when you have maintenance issues come up, you go and draw from it. So I'd be curious, like, why he made the decision. Instead of using the fund for the very thing that it's there for, he decided to go into the Roth and pull off those contributions.

[Bo Hansen]

The challenge I'd have for Hank now is because, look, a $2,400 mistake you can recover from, and you had an immediate emergency there. So I'm going to give a lot of grace. But I think if you went and actually put that $2,400 from late 2016 into an S&P 500 fund and go calculate what it's worth now, you'll realize that from an opportunity cost or incremental Decision standpoint, I wouldn't pull that lever again.

[Brian Preston]

But it is one of the reasons why we love Roth IRAs that that lever does exist. Even though we never ever want you to pull on it. It is an option. You can get to your basis penalty free, tax free before age 59 and a half if you have to. But our hope is that you never actually have to do that if you.

[Bo Hansen]

Have an emergency fund.

[Brian Preston]

That's right.

[Rick]

I'm 43 years old. I've been working for about 23 years now. I've been really only saving to my 401k. That's been my only investment that I've been contributing to for the last 23 years. I've also been contributing 5% of my paycheck to a regular savings account. Not a high yield, a regular savings account earning just 0.01% interest. It was just to set it and forget it. I didn't think about what's the best place for my money. So that account now has $255,000 in it. And it's killing me knowing what that could have been had I actually invested it in say, a Roth IRA or something like that back when I was in my 20s.

[Bo Hansen]

This is the story of my childhood. This, that, that is something. It wasn't $250,000, but my parents were great at saving money, meaning being disciplined, living on less than they made, but never put their army of dollar bills to work. And that, that stuff breaks my heart.

[Brian Preston]

Even worse than that. It wasn't even a high yield account. I mean, even if you're going to build up cash, at least if you're making, you know, recently four on that, that's something. But this is hundreds of thousands of dollars that sat there earning less than 1%. That's. Rick, that's devastating. But as you sit here today, what I want you to recognize is that you still have an opportunity move moving forward. You can't go back and make up for lost time. But what you can do is you can adjust your behavior and your strategy today so that your future looks brighter. But, oof, that's a tough one.

[Bo Hansen]

And you're a vehicle for change, Rick, because you shared this experience. Other people go see this, they go resemble it, and they're not going to make the same mistake.

[Rick]

So my financial confession revolves around bitcoin. I will Never forget in 2008, 2009, my dad telling me in the kitchen table about bitcoin.

[Bo Hansen]

He's probably a billionaire now, and I.

[Rick]

Was still in high school, he was saying how he had some extra money around, and he had around $10,000 to invest, and he was kind of just looking for something to diversify in. And he heard about this newfound thing called bitcoin. He got all excited and said, oh, they think it could go up to $500 back then. I convinced him that it was a scam and that he shouldn't do it. I think he would probably be in the tens of millions had he bought back then.

[Brian Preston]

Here's the problem, Bill. Hindsight is always 2020, because, okay, yes, for bitcoin, that's true. Had he done that back then. But we could name all the cryptos that have come along since then, and all the meme coins and all the NFTs. And for every one Bitcoin story, there's probably 100 other stories of the thing that did not turn into that. So I don't think that your guidance was off. I don't think your guidance was crazy because that was a very speculative investment in 2008. It just happens to be a speculative investment that turned out okay. Not really.

[Bo Hansen]

You could. You could swap out bitcoin for Amazon or Apple, whatever stock or investment back, because I think he said 2008. Everything was super cheap back then. But here's the reality. I'll go ahead and play this out so you can release yourself from this prison of mental traps you're putting yourself in. Even if your father would have bought it $10,000 worth when it was worth 20,000, more than likely he just get out, right? He was going to double your money and then go put his money somewhere else. So, I mean, this was not a $10,000 mistake that could have become $20 million like you said. Now, yes, if you'd have left it, but there's also all kind of data out there that if you put $1,000 into Amazon at this certain date, it'd be worth millions of dollars. Now, that opportunity cost thing is going to be something you'll always deal with. And that's one more reason why I don't like buying specific individual holdings is because now all of a sudden, your daily emotional happiness is driven by the volatility, the ups and downs of that. It's much better if you're just buying index funds and generalized things that let you kind of just enjoy your money versus letting your money kind of be the dominion over your daily happiness.

[Bill]

I worked for branches all over the country, and I got transferred from one branch to the other. The branch that got transferred to was the D.C. branch. And when that happened, they also transferred my state income tax withholding. However, even though it was called the D.C. branch, the actual physical location of the office was in Virginia. And I lived in Virginia. So even though it said D.C. branch, I lived and worked in Virginia. But they switched my tax withholding to D.C. and for whatever reason, I could not get them to change that tax withholding. And when it came time to actually file my taxes at the end of the year, my taxes have been taken out for D.C. the entire year. And then Virginia came and said, hey, you didn't pay us any taxes this entire year. So here's your tax bill and also here's the penalty for not paying any of your taxes throughout this year. And I got so flustered that I just paid the Virginia taxes as well, while also having previously paid my. Did you follow the state tax bill, which I couldn't figure out how to get refunded? I actually worked at that location for three years. The same thing happened for three years. And so for a three year period, I paid state taxes, two different states in their entirety, including for a state that I did not live or work in.

[Brian Preston]

I feel like this is a common theme that we see happen. We've seen this happen with clients before they get a letter from the IRS or something happens. It is scary. And the immediate default response is, I'm just going to write a check to make it go away. I'm so nervous.

[Bo Hansen]

I'm so that breaks.

[Brian Preston]

I'm going to make this go away. There's probably, if you add up those three years of taxes that she was paying to two separate municipalities, I bet it was substantial material and she was entitled to get that money back. She could have gotten that money back. Has she gone through the process?

[Bo Hansen]

Yeah. I mean, I don't know DC's tax rate off the top of my head, but it's probably at least 6, 7%. So you take that and you did it by multiple years and you think about the penalties back in Virginia. This is something. Guys, look, I get it. A lot of do it yourselfers, you don't like to pay fees, you just think you go do it all yourself. But this is a perfect example that if you go see the right tax preparer, cpa, they can help you unwind this situation because you realize you have three years to go back and perfect and correct the record where you can file amended returns, you can write letters of explanation of what actually happened here. And I'll tell you, just from my experience of writing hundreds of tax letters for clients, is that I Think a well written letter with the right correspondence and attachments, I could have gotten you out of the penalty for Virginia if you especially showing the withholding for DC and the mix up there from your employer. But then also you probably could have gotten all of that DC and gotten your name taken off of the DC rosters so that they're not looking for you to be paying in future years. Because that's something that I always tell people. I've had states where they've come after individuals when you're like, wait a minute, you got to make sure they understand. Yeah. Because you want to make sure they understand you're not really a taxpayer payer in that state. So they can not hold you accountable for, for income that you're earning that's just not going to be taxable in their jurisdiction.

[Brian Preston]

A lot of us want to be Pennywise, but we end up being pound foolish. And this is a great example of that. You likely in this situation, you should have hired a tax preparer, hired an accountant, said, hey, I've got this problem, I don't know how to fix it. I'm going to pay you a fee to help me fix this. And there's a good chance that had you done that, you'd actually ended up in a better spot.

[Bo Hansen]

I know you said three years, so we're probably going to lose at least one of them. But if any of those three years are still within the three year window, go get this fixed. Yeah, I mean, you can still go file an amended return within that three year window.

[Brian Preston]

My money, guys, I pulled a bow.

[Rick]

And took $7,000 out of my emergency.

[Brian Preston]

Fund to fund my Roth from 2024. You know what? I don't.

[Bo Hansen]

That's not the crazy.

[Brian Preston]

Let's not say I pulled a boat there, but that is a great thing that you can do because one of the beautiful things we said this earlier about a Roth IRA is that if you put the money in, you can actually access the basis, penalty free and tax free if you absolutely have to. Now don't mishear me. I'm not saying go take all of your emerg and dump it in the Roth ira, but let's say that you have a few months, maybe you got five, six months in the emergency fund and you can pull that 7,000 and fund that Roth and it brings you down just a touch and you have time to replenish that. I don't think that's the craziest thing in the world because you can't go back in time and fund that Roth. You can only fund this year's Roth this year or this year plus up until the tax filing deadline. I don't want you to miss out on that opportunity.

[Bo Hansen]

As much as I love the coin term, I pulled a bow. I think that. Look, you have to ask yourself, is this decision a seasonal decision, meaning in this moment, to maximize this, this unique opportunity, this is what I need to do. Or is this, are you now making a behavioral change that you're going to skimp on emergency reserves just so you can have this Roth iron? You keep making that same mistake every year, then that's a problem. But if this is a season and you're like, it's just, I'm just getting jammed up on the timing of this. I've got some future income coming in and I'm going to do this because it allows me to get the money in the Roth and I can quickly be able to replenish that emergency fund. I'm never going to punish you or give you trouble for a seasonal decision. I just want to caution you from turning this into a long standing behavior. That's what, that's the mistake I made when I fell into the access to cash trap is that instead of keeping emergency reserves, I was using my home equity line as the emergency reserves instead of just letting it be an additional tool in the safety belt of all the financial tools I had. So that's the only thing I would say, is just make sure that this was a seasonal decision, not some new behavior or habit that you're doing that's going to keep you from having emergency reserves.

[Rick]

And then fast forward about four more years. My roommate in the Navy told me that he was mining bitcoin in our barracks room and he had a couple hundred bitcoin and I still thought it was a scam. And he tried to get me to start mining it with him with our computers. And I told him I didn't want to get into it because it could be illegal and jeopardize my Navy career. He is probably a multi millionaire right now too, man.

[Bo Hansen]

Bitcoin just is chasing this guy around. It's like he comes around the corner, bitcoin's there. Like, you know, so it's just so poor. Bitcoin Bill here is just being haunted by this. I have to amend my previous answer because I was like, look, your dad would have sold it and doubled, but that still wouldn't have gotten you out of your Navy mate, who all of a sudden is, is mining it down in the corner, letting the US Government Pay the utility bills. By the way, you were correct. That probably was illegal.

[Brian Preston]

And I love that. Again, I don't even fault you on that advice. I think so often people get so excited about this opportunity, this thing that presents itself. If that thing or that opportunity that has come along might cause you to lose your job, the very thing that provides your livelihood. I would think two, three, four times about that before I jump headlong into it. Because if this is something that would have not been permissible in the position that you're in, by all means it doesn't. It's not something that would likely make sense for you to do. I'm so nervous. Here's what I'm nervous.

[Bo Hansen]

If there's a part three, I'm nervous.

[Brian Preston]

That part three is he's going to got. He would. He's going to have gotten in at the very height, like, oh, I finally pulled the trigger and ended up losing my underpants.

[Bo Hansen]

Okay. Invested in worthy peer capital to about 25k. Currently being held for over 2 years.

[Brian Preston]

Now after a pause was put in.

[Bo Hansen]

Place In July of 23, I don't know if I'll ever get that money.

[Rick]

Back, but we'll see.

[Bo Hansen]

Right now when I reach out to the company, they state that they're working on a resolution plan, but they're waiting on the S E He see to approve it? Seems unlikely.

[Brian Preston]

Sounds like this guy got involved with an investment and that investment ended up going kind of belly up. Maybe it wasn't something on the up and up and so his money's trapped in there. Again, this is not something uncommon, not necessarily this investment, but we see this all the time with clients who somebody comes along and they got to get invested in a private equity deal or a private placement, they got to do it. And all they get excited and they're an accredited investor and they write the check for 25,000, write the check for 50,000 and then they recognize, holy cow, I invested in something I didn't understand with some people that I did not know, with a structure that I was not familiar with. And all of a sudden now my money's trapped and I don't know if I'm going to get any of it back. I don't know when I'm going to get it back. If you do not understand something, if you don't know what you're putting your money into, you should immediately pause and think to yourself, man, should I really be putting my hard earned dollars in this thing or might I be better served putting them somewhere else?

[Bo Hansen]

Yeah, I Mean, this is what it's back to a point I made earlier. I like index funds. I like things that take the emotion out of investing. Because behaviorally, this is what us humans tears us up is, is the regrets and getting into investments, being sold something that was not exactly what we needed at that moment in time. I just would try to avoid those behaviors as much as possible.

[Rick]

Fast forward a few more years later. 2016, 2017. I was stationed with the Marine Corps and I had Marines who were living in the barracks and they were mining bitcoin and making thousands of dollars just by mining it. And I still thought, fast forward 2016, 2017. I finally decided to get into it and bought into bitcoin right before it really took off. And then it took off and it crashed and I sold and I had four or five bitcoin and had I just kept always be buying as, as Brian says, I would have close to a million dollars. I got in and out of bitcoin a few times over the years and sold when it would crash because I would get scared and then foolishly buy in after it went back up. And now I would. Had I just always been buying small amounts, couple hundred dollars here and there, I would probably have over a million dollars by now. So yeah, that is my series of stories about bitcoin and how it could have been a great investment or. And how I also kind of got burned by it.

[Brian Preston]

You know, when I hear Bill talk, I don't think your problem is that you won't always be buying based on what I'm hearing, based on the emotions that you are suggesting you have when it comes to investing. I don't know that investing in something like bitcoin matches your specific risk tolerance because you just said, when it crashed, I got scared and I sold. And then when it came back and I felt like I was missing out, I bought back in. That's the exact opposite. You're not buying low and selling high. You're buying high and selling low. That suggests to me that you might not be the type of investor that makes sense to hold such a risky, such a volatile asset as a cryptocurrency. I don't think the issue was that you weren't dollar cost averaging, always buying. I think the issue is that you were investing in something that did not make sense for your unique investor profile.

[Bo Hansen]

Let it go. I mean, I just think that this is not healthy for you. Walk away from it. This is the spice of life. It could have been the same thing. You could have bought a piece of real estate in your hometown on this corner lot and it would be worth 10 times to 100 times what it was. You could have bought Apple or Amazon. You could what if everything in life, the better decision is maybe go look at the financial order of operations, start building your plan for success. So yeah, you can look back and go, yeah, I could have would have done this, but I'm still alright. That's the biggest thing. Are you all right in your own financial journey and in your own shoes and how you're making your decision because everything you shared, your risk profile is never should have held bitcoin in the first place. You're too risk adverse, which I would say is a healthy thing. You just got to make sure that the rest of your actions match the journey and the walk. So you're building your own narrative that doesn't have this horror story of bitcoin jumping out, doing jump scares every every few minutes or weeks of your life. Love it. Nice try Feds. Is that it? That was it.

[Brian Preston]

Well, here's what I love about all of these, all these stories, all these things that we just said is that in our journeys we might have financial missteps, we might have financial miscues, but that's okay. How your journey begins does not define how your journey has to end. Even when it comes to financial mutants. For those of you who reached out, who shared this, thank you so much. We love that we get to share it with the world around us that we can all learn from your mistakes.

[Bo Hansen]

I still sovereign citizen, pay your taxes. Thank you for sharing all the the comments, the confessions, the haunts. We loved it. We love our audience and we love creating this type of content.

[Brian Preston]

Hey guys. We absolutely love this. If you'd like for us to hear your money, Ms. Q. You can go to moneyguy.com confessions and share your story with us.

[Bo Hansen]

I'm your Host, Brian Preston. Mr. Bo Hanson.

[Brian Preston]

MoneyGuy Team out the MoneyGuy show is hosted by Brian Preston and Bo Hansen. Brian and Beau are partners with Abound Wealth Management. Abound Wealth Management is a registered investment advisory firm regulated by the securities and Exchange Commission. In accordance and 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.