Financial Advisors Correct The Internet

What happens when you mix internet chaos, misguided financial advice, and sports betting? We react to wild financial advice online from buying a Ferrari instead of the S&P 500 to learning how to acquire a $600,000-profit business with just $50,000 and a tired owner. An episode packed with both comedy and real financial education. Discover why buy-and-hold index investing still builds more millionaires than any Ferrari scheme, why a FICO score can be a valuable asset, and why real estate isn't as passive as some make it sound. Plus, we break down the kernel of truth in the "save $5 a day, then buy a business" strategy and where it can fall off the rails. Join us as we debate extreme takes on debt and investing, and highlight practical tools (the Financial Order of Operations) that can help you build a smarter path for financial independence. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Speaker 00

  When you're building a company, you learn that trust is what closes deals. You may have the best product, but buyers won't sign without proof that your product is secure, especially if it has AI. Vanta gets you compliant fast with SOC 2, ISO 27001, and more, and keeps you secure with continuous monitoring. Hyperbound, a YC-backed startup, used Vanta to unlock the Fortune 100 in under a year. Snowfire got audit-ready in a month and closed a multimillion-dollar deal. Trust matters. Get started at vanta.com.

• 0:28Brian Preston?

  I hear it's time for some tough love because the internet needs to be set straight.

• 0:32Speaker 02

  Brent, I am so excited about this, but understand, if something is on the internet, it has to be right.

• 0:39Brian Preston?

  True, right?

• 0:39Speaker 02

  Let's see what we have today.

• 0:41Speaker 03

  If you want to get rich, don't buy the S&P.

• 0:43Brian Preston?

  What?

• 0:43Speaker 03

  Buy a Ferrari. Let me explain. Every time a supercar drives by, there is a cranky buy-and-hold investor saying, "If they only took that money and put it in the S&P 500 for 10 years, it would be worth millions." This investor, while he thinks he sounds smart, is using the internet's most favorite piece of fake data, the 12% annualized return in the S&P 500. The problem with this, and even if we cherry-picked, the real return is more like 7%. And that is backward-looking into an environment that looks nothing like the one we're in right now. Right now, multiples are trading around 21X. At high multiples, the forward return is more like 2% to 3%. In real terms, that's 0% or even negative. That means that the biggest myth of getting rich from buy-and-hold is officially dead. And you might as well just buy a Ferrari

• 1:28Speaker 03

  because the 458 Speciale returned 14% last year alone, according to Hagerty. In this scenario, at least you'd have something cool to brag about. All right, I have to admit something. Am I really telling you to buy a Ferrari and assuming that the Ferrari price will appreciate into infinity? Of course not. But what I am telling you is if you expect to get rich from lazy buy-and-hold investing in an environment with high multiples and enormous chaos in the market, you are going to be sorely disappointed you will never have Ferrari money. And I dare you, go ask the guy in the Ferrari how he got rich. I can assure you he's not going to say "buy-and-hold investing."

• 2:05Brian Preston?

  Were you trying to read the fine print?

• 2:06Speaker 02

  I was trying to read it. I couldn't wait to say, I can't wait to sell you some whole life insurance, or I've got a strategy, I've got a system. I was waiting for what the solution that he had in place for.

• 2:14Brian Preston?

  First of all, it's the Ferrari, which he then came back and said, no, I'm not really telling you to buy a Ferrari. Of course not. The Ferraris are never, even if they appreciated the 14%, the transaction cost of going through the broker houses and other things to process or sell that type of vehicle is astronomical. So we can go ahead and cut off the 14%. He assumed if you buy in, whenever he recorded this, he said that the, I guess the forward-looking price to earnings ratio was like 21.

• 2:38Speaker 02

  Sure.

• 2:39Brian Preston?

  Things don't say that way. Just like at the day we're recording this, the market has now had a 10% shift down.

• 2:47Speaker 02

  Yep.

• 2:47Brian Preston?

  And if you're always buying, you're buying in throughout the process. We showed that there was actually a 25-year period during the Great Depression that the market was down during that entire time. But if you were buying every month, your annualized rate of return would have still been close to 11%. Set it and forget it. Yes, this is the path. And believe me, if you go do research on where are the millionaires and how are they making their money? We ask our millionaire clients how they did it. It is through slow, steady to build wealth through things like the S and P 500.

• 3:17Speaker 02

  Even if you want to take, he said, oh, I don't use 12%, use 7%, which I think is the low. A 7% annualized rate of return over an entire lifetime, over an entire working cycle, is going to build a lot of wealth. If you can just stay consistent, put your money to work. He's just flat out wrong.

• 3:34Brian Preston?

  You are not successful when you have a high FICO score.

• 3:37Speaker 04

  I have a high FICO score.

• 3:38Brian Preston?

  All it means is you gave the bank a whole bunch of interest.

• 3:41Speaker 02

  I haven't given the bank a bunch of interest.

• 3:43Brian Preston?

  That's all a FICO score say. I have an 800 FICO score. And when someone tells me that, I always say, I'm so sorry. It's like saying I have high blood pressure and bragging about it.

• 3:53Speaker 02

  No, it's not.

• 3:54Brian Preston?

  No, thank you, your FICO score.

• 3:57Speaker 04

  is not a measure of financial wealth or health. It's a measure of how much you've been screwed.

• 4:03Brian Preston?

  Oh, come on, Dave.

• 4:05Speaker 02

  Look, I consider Dave a friend.

• 4:07Brian Preston?

  Yeah.

• 4:07Speaker 02

  Now, he doesn't, I don't think he would say that I'm his friend, but I consider him a friend of mine. And I like a lot of what Dave does, but this is one of the ones that draws me the most nuts because I just think he could not be more wrong about that. Assuming that you have a high credit score, assume that you've exhibited the fact that you can use credit responsibly, does not suggest that you've thrown away tons of interest, that it's the I love debt score. It just shows that you are a reasonable and responsible financial decision maker. We're successful. We have high credit scores. We've not given tons of interest to any bank.

• 4:38Brian Preston?

  I think Dave just flew too close to the sun. I mean, if you think about earlier in his career, he ate debt like a Cookie Monster. And then, you know, all of a sudden realized, oh, my gosh, this makes my belly hurt and I have bad things happen to me. So then he was like, oh, no, because I was the Cookie Monster of debt, I, nobody should have debt. It would be a false thing to say that rich people or wealthy people don't use debt, don't have FICO scores that are high. Because by the way, use this now for your utilities, your insurance. There's all kinds of things that go into having a good FICO score. It just, all it means is that you're just good with money and responsible with it. Dave wants you to go kind of treat debt like it's lurking around the corner, going to attack you at every street corner.

• 5:23Brian Preston?

  And that's just not the reality of the world or life that we live in.

• 5:26Speaker 05

  This is your reminder that saving $5 a day is $1,825 a year. Canceling your $20 Netflix subscription, well, that saves you 220 bucks a year.

• 5:36Speaker 03

  And skipping your weekly takeout, that saves you $2,000 a year.

• 5:40Speaker 05

  Then if you invest that $4,045 each year, an 8% average annual return, then in 45 years, you'll have over $1.85 million. But the real pro move is investing in you. If you take that $4,045 and you learn a new skill, business buying, then you figure out how to do creative financing. You buy a business that makes $100,000 a year in profit. You buy it for 200K. I know you don't have the money to do that, but you only put down 10 to 20%, which means you're able to buy it for 10 to 20 K down and you just replaced a six-figure job to do it. Then you grow it to 200K in profit and you are able to then sell it for 400 to 600K. Because the more money you make, the higher the price. So yes, save, but also invest smarter.

• 6:25Speaker 02

  Look, she's not wrong, but she could have also said this, hey, look, I can tell you how to win hundreds of millions, how to, how to have hundreds of million dollars. All you gotta do, you just pick the right lottery numbers. Uh, you go buy the ticket before the numbers are pulled and then once you have the right ticket with the right numbers on the boom, you're worth hundreds of millions of dollars. What she just said is, yeah, go buy a business that's a hundred thousand dollars of profit. One, it's about to be a very profitable business and two, someone has to be willing to sell it. And then you have to be the one that was able to source it to find that business. And you gotta be able to buy it, then you gotta be able to operate, then you gotta be able to keep it, then you gotta be able to scale it and double it. It's just not quite that. It, it does work that way, but it's not that easy to find.

• 7:02Brian Preston?

  And by the way, if you're going to be buying businesses for a hundred thousand, two hundred thousand dollars, these are not big businesses. These are, these are some of those businesses you see on social media.

• 7:10Speaker 02

  Well, it depends. It wasn't top line revenue, just profit. So that's even another thing, right? If it's a hundred thousand dollar profit on a 10 million dollar revenue business, it's a razor thin margin. So you have to think through that as well.

• 7:20Brian Preston?

  Yeah. So I just, I, I, I don't think that this is the easiest thing. I, there's, there's always a kernel of truth in these things. But this is not going to be how you build your first million dollars. I'm just being honest with you. I think that that's why we, we, there's a better way to do money. The financial order of operations, if you will do this and then start thinking about between step seven and eight, that you want to get into entrepreneurship, I'm all for it. But let's make sure we're finding the Roth IRA. Let's make sure we have emergency reserves before we start swinging for the fences. It's kind of like, if you look at the, a hierarchy of investing, entrepreneurship would, would not be the first

• 7:58Speaker 02

  That's right.

• 7:58Brian Preston?

  stone I would turn over. Um, I, I was loving what she was saying because she was spot on. And I was like, yeah, yeah, yeah. No, oh, no, no. Okay. This is, this, this went a little sideways.

• 8:09Speaker 06

  You need to completely rethink your personal financial strategies in your twenties. I know so many people who are like trying to hop careers to gain salary. They're going to get an MBA to boost their salary. You should not be doing this. You should be focusing all of your assets and time and money to get on as many game shows as possible to win money. We all watched Deal or No Deal, Family Feud, Survivor growing up. None of us actually go and do it. I called my friend yesterday, very successful guy. I was like, have you tried going on Deal or No Deal? And he was like, no. And I was like, what are you doing? What are you doing?

• 8:43Brian Preston?

  This is tongue to cheek, right?

• 8:45Speaker 06

  Instead of having a million dollar a year revenue business, you could just make a million dollars in one night by selecting the right suitcase.

• 8:52Brian Preston?

  Definitely tongue to cheek.

• 8:53Speaker 02

  I don't see the lie.

• 8:54Brian Preston?

  He isn't wrong. There was, there was a documentary that is fascinating. You have to go find it on The Price is Right. And there was this very eccentric person that had noticed that The Price is Right was getting lazy with the, they were using the same things over and over. So he started tracking a spreadsheet of all the, the, the sponsored products that they were having. He got to the point where he could do showcase showdowns and get within like a hundred bucks, which means you get two of them. That is far from passive income to sit around and figure out if there's an inefficiency in the game show circuit. Um, I would tell you, if you're looking for an arbitrage situation, it's understanding the value of your time when you're young. So if you can invest early and often, that's the way you're going to easily build wealth.

• 9:39Speaker 00

  When you're building a company, you learn that trust is what closes deals. You may have the best product, but buyers won't sign without proof that your product is secure, especially if it has AI. Vanta gets you compliant fast with SOC 2, ISO 27001 and more, and keeps you secure with continuous monitoring. Hyperbound, a YC-backed startup, used Vanta to unlock the Fortune 100 in under a year. Snowfire got audit-ready in a month and closed a multimillion-dollar deal. Trust matters. Get started at vanta.com.

• 10:07Speaker 07

  Fifty grand. What would I do with 50 grand? I would probably use 50 grand to go buy a business. What kind of business? Um, some existing business that's probably been around five to seven years or longer. Give me an example of one.

• 10:25Speaker 07

  I probably wouldn't even use the 50. I would use the 50 in a bank account to show the guy that I'm legit. And then to figure out a deal where he actually gives me money to take over the business. He gives me the keys and I get the income. So I'd find some businesses, net profit of 50 grand a month. I'd use the 50 in an account just to make me look like something.

• 10:44Brian Preston?

  50 grand a month with $50,000.

• 10:46Speaker 02

  Net profit.

• 10:47Brian Preston?

  Show up here and see what we say, Grant.

• 10:49Speaker 07

  I'd be like, your business is doing 50 grand a month. I'm gonna, let's say he's making 50 grand a month, has been for years. You keep the first 50. I get the keys. I get the business. We keep the name on it. You go home, you keep getting 50. I get everything above that. What's an example of a business like this? Laundromat.

• 11:06Brian Preston?

  Okay.

• 11:07Speaker 07

  Park, could be an apartment building.

• 11:08Brian Preston?

  Car wash.

• 11:09Speaker 07

  Could be, it could be the deal I do.

• 11:10Brian Preston?

  You can't get any of those deals with 50 grand.

• 11:12Speaker 07

  Probably not, but it could be any, any kind of cosmetologist business, uh, tattoo business. You need somewhere where some guy's tired.

• 11:21Brian Preston?

  Okay.

• 11:21Speaker 07

  He's tired of being in the business.

• 11:23Brian Preston?

  So you can go be tired. Let's trade your tired for my tired.

• 11:27Speaker 02

  Yeah, go find a business that's profiting $600,000 a year. Find someone who's ready to be out of that business. Show them a bank statement that has 50,000 and say, hey, I'll take over this business that's netting you 50 grand a year, but you pay me to take it over and I'll take the business. And we'll just lock you in where you are and I'll take up any growth that I do. That's just not the way that it works. It's not the way that succession planning works. It's not the way that business acquisition works. It's not the way business disposition works.

• 11:52Brian Preston?

  Grant is good at rage bait. He, he says these things. He knows if, if we sat down, I bet if we sat down and broke bread with Grant, he'd be like, yeah, he got you, didn't he? He got you, got you, got you all fired up because you know that that is disconnected from reality. But there's a lot of aspirational people that watch content to get motivated more so that to, to just for the motivation than the actual create the action. And I think that Grant, he sells systems to do that. And that's why it, it, he's very effective at it and it's made himself just completely filthy rich off of selling what could be to people who, who want to think that they could be a part of this. If you're looking for your first thing, if you have your first $50,000,

• 12:33Brian Preston?

  financial order of operations, cause it's gonna help you out with that emergency reserves. It's gonna help you out on that Roth IRA. It's gonna help you out with your employer 401K. Let's get you to your first financial foundation before we're doing the crazy stuff at the top of the investing pyramid.

• 12:48Speaker 02

  Love it.

• 12:50Speaker 02

  Financial advisors.

• 12:50Brian Preston?

  I've seen this.

• 12:51Speaker 02

  Putting your money in an index fund.

• 12:59Brian Preston?

  I've seen this. I even told a client about this.

• 13:05Brian Preston?

  I think the content team put this in there thinking we'd be like, I wonder what the guys will do because they know we love index funds. The reality is if this is all your financial advisor is doing, they're not really financial advising. I mean, because where is the looking at your emergency reserves, your taxes, your retirement plan, your estate plan, your insurance and risk management? All these things come into play. And by the way, the closer you get to retirement, the more complicated it all gets. I wish it was a matter of just putting people into an asset allocation and then go, no, no mess, no fuss. Send me the money. It doesn't work that way.

• 13:39Speaker 02

  Yeah, it's not, that's not the way that real financials operate, although there are a number of financial advisors. There are even a number of fund companies that actually do do that. They say, hey, I'm going to repackage this S and P 500 index fund, but I'm going to call it something else. I'm going to put growth on it. I'll put some other name on it. And I'm going to charge you for that service when realistically all you're actually getting is S and P. So you ought to be aware of what you're buying, what you're spending on it and what you are actually getting to make sure you are getting your money's worth.

• 14:07Brian Preston?

  Do you realize what a position of power it is to create one of the largest financial platforms? Openly tell everybody, hey, do what I do with my money and go invest in index funds, just like we do, and still have a phenomenally growing financial planning firm where people aren't locked in. By the way, every one of our clients can vote with their feet and leave tomorrow if they wanted to. But yet they keep showing back up and we keep growing at these double digit rates. You have to ask yourself, there must be something to that for people to just willingly give their money and stay when they're already, majority of them are multiple seven figure people. I love it when people think that all financial planners do is put you in an index fund and then count their money.

• 14:52Brian Preston?

  That obviously doesn't pass the sniff test.

• 14:54Speaker 08

  Financial services is threatened by sports betters because we're not getting young people to do Ira's mutual funds. They're doing sports betting. 55% of all stocks ever on the S and P 500 has lost money since inception. That's why I don't think it's gambling, it's strategy, but you got to know the game. Just like if anybody hopped in the stock market, they don't have to trade options day one. They don't have a short stock, like they'll get [bleeped]. And so with the responsible gaming, putting 5% of your paycheck into that and setting discipline is no different than stock, than crypto, than real estate.

• 15:22Speaker 02

  Yeah, it actually is. It's exactly different than stocks, crypto, or real estate. Financial services is great. When you're sports, but you're betting on an outcome, you're not investing on a future. It's not the same thing. How many times have you seen someone, Brian, walk into a casino and say, no, I'm going to work? I understand how this works. I understand how to beat the system. I understand how to do it. It's gambling. It's not investing.

• 15:44Brian Preston?

  Gambling, sports betting, you're the fish. You're the mark. If you don't believe that, because maybe you found out, hey, you know what? I can count cards. You realize casinos, if they realize you have figured out how to count cards, they restrict your ability to do that in their casino because they want to have the upper hand. They want to keep you the fish. This is complete BS. If you don't realize that you're the product or the fish of the situation that's waiting to get hooked and pulled in, then you are on the wrong side of this. You're not the house, so act accordingly.

• 16:17Speaker 09

  I never invest in stocks. I don't trust the stock. I don't trust the stock market. You can. I'm not saying don't do it. I just don't trust them.

• 16:24Speaker 02

  Yeah.

• 16:24Speaker 09

  So I like real estate because I'm the investor. I don't need to trust anybody else.

• 16:30Brian Preston?

  Well, it's, it, that, look, we love real estate. We have real estate too, but it's just not where you start. Kiyosaki also, I mean, he wants you to have 100 rental property.

• 16:38Speaker 02

  Yeah.

• 16:39Brian Preston?

  I mean, this is a full-time position. If you're looking for the purest form of passive investing, where you actually get to enjoy your retirement and, you know, count on money showing up in the account, is not going to be in a portfolio of doing active real estate. I can, as us owning multiple commercial properties, it is far from passive. Because you have toilets that overload, you have

• 17:00Speaker 02

  HVAC units that go out.

• 17:02Brian Preston?

  Back doors that all of a sudden don't start locking and the, you know, your tenants freaking out about that. You get all kinds of calls at all hours. I appreciate what he's saying, but if you're trying to figure out, how do people build wealth in the easiest fashion? And when they don't know anything about how money works, it's index investing. It's following the financial order of operations. This is the way. We have an entire business built off of wealth management for highly successful people. And the majority of the lion's share of them have said they built their First seven figures, not through real estate or all these other things. It's through being consistent and disciplined with their investing.

• 17:39Speaker 02

  Yeah, I just don't understand how he said, I don't trust the stock market. I don't trust somebody. I don't understand that because there's so many stories, so many case studies of people that consistently save and invest in low cost index funds over a career, over a life cycle, over a specific period of time and end up in a much better position. I'm not suggesting that's not true of real estate also. And that's why I don't think it's an either or. You can do both, but this idea that, oh, I'm not gonna, I'm not gonna do traditional stock investing or traditional market investing because I don't trust anybody. Instead, I'm gonna go do real estate investing where I have to trust the appraiser. I have to trust the bank. I have to trust the tenants. I have to trust the service provider. It doesn't, that doesn't make any sense. It's still the same exact thing. It does not, again, for me, pass the sniff test.

• 18:19Brian Preston?

  Look, there is a better way to do money. And one of the things, I feel like we got on the mountaintop and like there's so much noise and haze down below us of all this people telling you the way to build wealth. We tell you it's very simple. There's a better way to do money with the financial order of operations that if you will do this to build your financial foundation, you'll still be able to sprinkle in all the Kiyosaki, all the Grant Cardone's, all the other things in there later. The cherries on top of your sundae, but just do it at the right time, right place and respect the value of your most important resource, especially when you're young. And that is your time and your discipline. I'm your host, Brian, joined by Mr. Bo. Money Guy Team, out.

• 19:07Speaker 00

  When you're building a company, you learn that trust is what closes deals. You may have the best product, but buyers won't sign without proof that your product is secure, especially if it has AI. Vanta gets you compliant fast with SOC 2, ISO 27001 and more, and keeps you secure with continuous monitoring. Hyperbound, a YC-backed startup, used Vanta to unlock the Fortune 100 in under a year. Snowfire got audit ready in a month and closed a multimillion dollar deal. Trust matters. Get started at vanta.com.