When Do You Need to Change Your Savings Rate?

We start with a question from Brit: "If you are starting in your mid 30s, does the 25% rule still apply?" Then we answer more of your questions while hearing about Brian's dream content team outing and a slip-up that almost required our first on-air bleep. 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.

• 0:06Speaker 00

  Britt M.'s question is up next. It says, "If you are starting in your mid-30s, does the 25% rule still apply? Or do you need to increase that to 'catch up' for the years within the decade that you've missed?" I mean, she's talking about investing here. So she's mid-30s, starting now.

• 0:28Brian Preston?

  They will correct me, but Britt, and I have a mental block on it. If you just go to moneyguy.com/resources, it's not titled, "What Will 25% Do For You." What's the title? Come on, Megan.

• 0:40Speaker 00

  How much should you save?

• 0:41Brian Preston?

  How much should you save? For the love of all things, can we eventually name it so that we can search it off? There it is. "How Much You Need To Save?" We even have something we pulled up on the screen. Britt, if you go ahead, I love the cross-reference on this because it lets you see where you are, what your age is, what your savings rate, if you started at those ages. And you'll quickly see, now that doesn't mean, because more than likely you have something, you can triage it, but it at least gives you a head start to know if you're behind the curve, ahead of the curve, or right where you need to be. And then I'll let Beau share after this, but you can also go to learn.moneyguy and do the Know Your Number course, and that will definitively answer that if you're ahead of the curve or behind the curve.

• 1:21Speaker 02

  That's what I was going to say.

• 1:22Brian Preston?

  Oh, sorry.

• 1:23Speaker 02

  No, no, no, no. What I was going to say is, it depends, right? Like, in your mid-30s, if you're just now figuring this out, do I need to save more than 25%? Well, ultimately, it depends on what your goals are. When do you want to retire? Are you going to retire at age 65? Are you working in a profession that has a pension or some other sort of guaranteed income when you retire? All of those things will really dictate whether, you know, if you actually are behind the curve. Here's a good piece of news that we know. 30 is still young, mid 30s is still young because you still have time on your side. And we talk about the three ingredients of wealth creation, discipline, money, and time.

• 2:04Speaker 02

  We know that time is probably the most valuable, the most important one. And when you're in your mid 30s, you still have an abundance of time at your disposal. So there's a really good chance, if you just start saving 25%, you're still going to be able to live the life you want to live on your terms on a normal retirement timeline. Now, obviously, if you want to retire early, or maybe you have bigger goals, like you want to have a vacation home, or you want to travel, or you want to increase your lifestyle, or whatever, additional savings may be required. But you have to triage where you are presently today, and then what the finish line looks like to determine, am I actually behind? Or am I where I need to be, and I just happen to be at the starting blocks? And it's okay to be at the starting blocks.

• 2:47Speaker 02

  Because I think, maybe now more so than ever, there are a lot of people who just figure this out in their 30s. I mean, we love the idea. If you're a 20-year-old and you know that $1 can turn into $88, that is incredible. But I think a lot of people don't figure this out until their late 20s or early 30s.

• 3:04Brian Preston?

  And that's why the 25%. And by the way, don't forget, if your income, household income, is under $200,000, you can count that employer match. We've had very successful couples come on Making a Millionaire, and you find out that they only saved 18%, not counting the employer match. And then you're like, well, wait a minute. An employer match really boosted it up as well. So it all works together.

• 3:28Speaker 00

  Fantastic. Well, Britt M., I hope that helps, and we're really glad to see you here today.

• 3:32Brian Preston?

  Can I share one more thing that we've been talking about behind the scenes?

• 3:37Speaker 02

  I love every question. It's so good.

• 3:39Brian Preston?

  It's unfazed.

• 3:40Speaker 00

  I just like the US permission.

• 3:40Brian Preston?

  So we had a, let's just say a blockade. We were at an impasse on something that I have been begging the content team to do. And y'all were very noble, because it was because it was going to screw the algorithm up. And y'all didn't want to do it.

• 3:56Speaker 00

  I was like, what is this?

• 3:58Brian Preston?

  I have been begging, and finally I put my foot down and I said, look, we're at the point, I just want to do this. Algorithm be damned. And, oh my God, I just, oh gosh, so sorry. Algorithm be darned. God, dog it, what are we going to do about that? I don't even know, we don't have a dump button.

• 4:15Speaker 02

  Now we've got to put an E on this episode, I guess.

• 4:17Brian Preston?

  I just screwed that all up. This is what happens when I don't sleep.

• 4:22Brian Preston?

  Anyway, god dog it, now I'm all messed up.

• 4:26Brian Preston?

  I want to take the team to Dollywood.

• 4:28Speaker 02

  Yeah, I'll do too. It'd be awesome.

• 4:31Brian Preston?

  And I want us to create some content. It has nothing to do with finances. I think it would just be fun. I love theme parks and Dollywood is just right down the street. It's three hours away, but it still would be something we could drive to. And everybody was like, no, we can't do that, Brian. It'll mess up the algorithm. You came up with a great idea. You said, we need to do some type of spinoff channel where Brian gets to do all of his crazy ideas. So I was going to just say at some point, besides, believe me, I'm not a cusser, but for some reason when I don't sleep, that just snuck out. If you have suggestions on things that we could do on this side channel besides go to amusement parks, so you'd be curious about Bo and Brian outside of work.

• 5:11Brian Preston?

  Let us know, because I'm trying to, we're still kind of developing the idea and this would be great over lunch fodder for the content team. I didn't mean to screw that up that much.

• 5:18Speaker 02

  I think you did awesome. Well, there's some fodder there. So I want to be clear, because I was laughing for half of it. Your ask is, hey, are there other things, maybe financial, maybe not financial, that you'd be interested in?

• 5:28Brian Preston?

  Well, because I shared that I've often wanted to give content on health as wealth. You know, I've been on this journey because, you know, in my 40s, I knew I needed to be exercised, but now that I'm in my 50s, I've been doing even more stuff to try to watch my health. Because I really do think you have an active role, just like wealth building. You can be very involved with actually controlling and managing your time, your wealth. And I think your health, in a lot of ways, I have found ways, I hesitate to say we're biohack, because I know that's a popular thing. But I definitely can influence things to be healthier.

• 6:02Speaker 02

  Yeah, since you brought this, biohacking is just a term that bothers me because it makes it sound like you're doing something like a shortcut. Like you're like, you're taking some, like you're doing a negative thing, right?

• 6:13Brian Preston?

  I actually think it's a positive thing. It makes me think I'm going to strap on, you know, like a android arm or something and be able to go take over.

• 6:21Speaker 02

  I think just like the pro word, I wish, I don't, I think biohacking gives it a negative connotation. I think it should be something besides biohacking. But I, I love Healthy Brian. It's one of my favorite Brian's and Four Hour Sleep Brian. They're all very good Brian's. Yep.

• 6:35Brian Preston?

  We're gonna have to add a dump button. All these years of broadcasting and then I say one.

• 6:41Speaker 02

  Uh huh.

• 6:42Brian Preston?

  You know what? We were talking about a bridge that was holding some water.

• 6:45Speaker 02

  There you go.

• 6:46Brian Preston?

  That's what it was.

• 6:47Speaker 02

  That's what it was.

• 6:48Brian Preston?

  It was a bridge that's holding some water.

• 6:51Speaker 00

  Alright, okay.

• 6:52Speaker 02

  This is gonna torment him?

• 6:54Speaker 00

  I know, it is.

• 6:55Speaker 02

  For the rest of the day.

• 6:56Speaker 00

  Brian, let's just move on. We have some more questions to get through. Um, it's all good.

• 7:01Speaker 02

  So sad.

• 7:01Speaker 00

  We're gonna give some great information and have some great financial discussions. Okay.

• 7:08Brian Preston?

  By the way, I broke multiple, I said, I said a four-letter word and I, I, to the overlord of YouTube's, they're probably like, oh, did he say what? He said what about the algorithm?

• 7:19Speaker 00

  Which is worse, I don't know.

• 7:21Speaker 02

  I will say, this is one thing that bothers me, and I don't know if anyone, but a lot of times I like to listen to stuff like on my drives, like I'll listen to podcasts or whatever, and sometimes it's health stuff or whatever. I do get really annoyed when there is like, when there's, when there's health stuff going on, but like people use a ton of profanity. Cause like, I'd love for my kids to be able to be in the car and have, like be listening to health stuff.

• 7:40Brian Preston?

  I know what podcast you're talking about.

• 7:42Speaker 02

  Dad prioritizes health, but then sometimes they'll just be like dropping, I want the Money Guy Show to be something that you can listen to with your kids in the car and be like, oh, this is awesome. My kids are gonna get some solid eighties pop references and great financial information. And that's what we want it to be.

• 7:56Speaker 00

  And Brian agrees, and that's why he was so sad.

• 7:58Brian Preston?

  That's why I do feel bad, cause I don't want the E on our, on our episodes, cause I, I want it to be family friendly.

• 8:04Speaker 00

  Oh man, you are family friendly. It's all good. Okay. Um, Tan Veer has a question for you. It says, when is it time to start increasing your emergency fund as you get closer to retirement?

• 8:19Speaker 02

  Oh man.

• 8:20Speaker 00

  Right?

• 8:20Speaker 02

  Man, I, okay, so I hate, I hate to keep going back to this, but it's, it's so pertinent. Um, we recently filmed an episode of Making a Millionaire. And it was wonderful. This couple had done a lot of stuff, really, really great, but his company offered him an early retirement. The early retirement was pretty attractive and he said, you know what? I'm gonna take it. And he took that and he met with us and we're kinda going through his stuff and we're like, hey, we noticed you have like six months of living expenses.

• 8:46Brian Preston?

  He was very proud. He's like, and I follow the Financial Order of Operations. I had six, I got six months.

• 8:51Speaker 02

  And we're like, but hold on.

• 8:52Brian Preston?

  It's good.

• 8:53Speaker 02

  Didn't you just say you're retired? Because you know that our rule, like if you're looking at like, uh, step four of the Financial Order, you don't hold it up for me, Brian? Step four is having a fully funded emergency reserves. And for most people, that's somewhere between three to six months of living expenses, depending on your unique circumstance. But when you get to retirement, when you get to financial independence, when you get to the point where you're gonna start living off of those dollars, we do think that your emergency fund needs to expand. It ought to expand to somewhere between 12 to 18 to maybe even 24 months, depending on your unique circumstances. And so, Tendr, this is a great question, because I think a lot of people miss it. They just think, oh, six months, six months, six months. And they don't realize, oh, no, there is a shift that needs to take

• 9:36Speaker 02

  place as I begin to enter into retirement. So Brian, as you've counseled clients who have like been approaching that, that retirement horizon, how have you helped them like work through building that cash?

• 9:47Brian Preston?

  And I think it can be a transit, because you're not retired yet. So it doesn't have to be like full stop, all of a sudden, stop everything, go all in on cash reserves. I do think it's one of those things, if you know you're retiring 12 months in the future, it's just, over the coming 12 months, let's start boosting that, those cash reserves up to, and, and you have to, and this is one of the things, when we take on clients, we do triage and try to figure out, what are your true risks? I mean, because if you have a pension coming in, that obviously influences things. Even if you have social security coming in, that can change the metrics to a degree as well. It depends on what other cash flow, you know, thing you have coming in, as well as your emotional wellbeing. You know, people who are, and this is one of the reasons we have this expanding rule.

• 10:31Brian Preston?

  You might think that you are perfectly comfortable with having your diversified portfolio, but then you've never experienced a market downturn when you don't have earned income coming in any longer. It hits differently. There's already a natural transition that occurs when you go from being a saver and a builder to now you're going to be a non-worker and consumer of the assets that you spent decades building. It just, anybody who's gone through retirement will know what I'm talking about is that there's a transition period. And if I can give you a little margin in your life through that extra cash reserves, it's just going to insulate you from some of the chaos and the craziness of the world so you don't make those desperate weird decisions that actually jeopardize or definitely

• 11:15Brian Preston?

  have a negative impact on your financial retirement and life. I love it.

• 11:20Speaker 00

  Fantastic. Thanks, Tanveer. Next up, we have a question from Faith P. She says, "If I'm expecting I won't stay in my job long enough to be vested, do I skip Foo Step Two, the 401K match?"

• 11:37Brian Preston?

  That's a good question.

• 11:38Speaker 00

  I know, right?

• 11:39Brian Preston?

  But, but, but once again, it has facets to it because, you know, here's something that is, and I think it's, I'm glad she's asking about vesting, but here's a cool trend that's been going on in America is that I think when I first entered the workforce, it was very common that everybody had graduated vesting schedules that really, you know, it was 20% a year, and then after like six years, you were vested. But there, along, I'm old enough that rules have changed. Now, safe harbor 401Ks are more prevalent than you realize. So a lot of people, when you have a safe harbor 401K, you're vested quickly. I mean, immediately. Most often. And then, you know, there's also cliff vesting. If you're not graduated, you know,

• 12:22Brian Preston?

  there's like, if you just work at a place for two years, it's zero to 100, but then it's 100% vested. It all comes back to the point of do your homework. That's right. I mean, you've gotta know the numbers. And I'm glad you're asking, Faith, but also... You know, don't sleep on the fact that if you're on a graduated scale, if you worked there for two or three years and you come out with 40 to 60%, there's still likely, you need to do the math on it, but that's still going to turn out, maybe it's not a 50% or 100% guaranteed rate of return. It still could work out to be a 20 or 40% guaranteed rate of return. So pay attention to how that math. Don't skip the step of actually looking at the numbers.

• 13:03Speaker 02

  Yeah, I want to throw two things out to you, Faith. One, there's a document called a summary plan description, SPD, summary plan description. Reach out to your HR department, human resources and say, hey, can I get a copy of that? Because this document is going to outline exactly how your plan works. And there may be a portion of your employer contribution that is safe harbor, that's immediately invested, and there might be a matching portion. There might be a profit sharing portion. You want to know that. Now, here's the other thing. Should I just forget and move on and move away from it? Well, what if things change? What if you think you're not going to be here long, but you end up being here for two years, or three years, and you would have left some free money on the table? Now, maybe you won't get to take all of it with you, but here's what you did do.

• 13:45Speaker 02

  If you had to put in 3% of your money to get 3% of your employer money, and you're only partially vested in your employer's money, you're still fully vested in your money. So that money that you put into work in step two, that money that you got working, you still get to take that with you. So you haven't really lost anything. You're not out anything by at least putting in enough to get the match. And then if you're there long enough for the match, you get to take it with you. Worst case scenario, you don't get to take it with you, but you still have your dollars working for you. And you might get some portion of that, depending on how long you've worked there. So I still say, if you're working at an employer that offers it, I'm going to go ahead and try to max out the match, just in case I don't end up changing.

• 14:27Speaker 02

  Because I don't want to look back and be like, man, I thought I was going to transition in one year. It took me four years. I left free money on the table, and I just walked away from those dollars I didn't have to walk away from.

• 14:36Brian Preston?

  But I do want people, make sure you understand there's a difference between matching and profit sharing. What I'm seeing more and more trends of Matching contributions typically are vesting immediately because they're going that safe harbor route. And now it's getting to be where the profit sharing, yes, is going to have those graduated or because they want to have some golden handcuffs on you as the employee. So, so make sure you're not grouping the both of those pots of money into the same, even though they might show up on your account statements, the same way. They are funded in two completely different ways. So make sure you understand the difference between matching as well as profit sharing contributions because those can have different vesting schedules as well.

• 15:17Speaker 00

  Wonderful. Faith P. Thanks for the question. All right. We've got a question from KevDog Millionaire up next.

• 15:25Brian Preston?

  KevDog.

• 15:25Speaker 00

  It says, hey, money guy.

• 15:27Brian Preston?

  KevDog. It feels like, doesn't that feel like you already just give it a little?

• 15:31Speaker 02

  Ruby, if you could say it that way, as you before, that'd be great, please.

• 15:35Speaker 00

  Thankfully, I already said it. So.

• 15:39Brian Preston?

  She's like, we already have one court jester on here. Let's not add another one.

• 15:43Speaker 00

  The question says, when do you sell your winners? I am up 13 times on one position and I still believe it has room to run. It has grown to over 40% of my portfolio.

• 15:58Brian Preston?

  Isn't this the dilemma?

• 15:59Speaker 00

  I am 34 and allocating new money to indexes.

• 16:04Brian Preston?

  Oh, that's a smart decision. KevDog. Because, I mean, here's the thing. This is what I always tell people when they get into this, this, the blessing and the curse of individual investments is that even when you hit it, you start questioning yourself. Now, I want to give you credit, KevDog, is you've gotten over 1,000%. So you've, and I've got, I've got one holding I've done this with. And you have to figure out, are you riding it, ride or die? Or are you actually going to be smart and trim down the holding?

• 16:34Speaker 02

  Yeah.

• 16:34Brian Preston?

  It is a dilemma because it just, it gets to become bigger and bigger. And a lot of people, they, after it triples or quadruples, they sell it. And then when it goes up 10 fold, you're like, oh my God, I should have stayed on that. So you see, how many times have we seen somebody say, if you'd have put a thousand dollars in Amazon and whatever year that Bezos, you know, took that thing public, you'd have.

• 16:59Brian Preston?

  Hundred and twenty million dollars or whatever crazy number they come up with. I'm like, yeah, but nobody would do that because after you turn that thousand dollars into ten thousand dollars, you probably go, ah, that's pretty good. And then, or you'd have seen the economy went down and you'd have gotten out and then you'd have been cussing it. The same thing happens, by the way, if you get in there and then it goes complete bad the other way. You don't know when to get out. A lot of times, people will double down on the bad behavior. Let's say, well, gosh, I liked it here and now it's down 25%. Let's go buy some more of this. Here's what I would say, Kev, and then let you fill in some gaps, Bo, is that if this is, I would take a pulse on what is your daily happiness being impacted?

• 17:44Brian Preston?

  If you find that the days this stock is up, because now that you're up over a thousand percent, there's chances that every day that there's a good swing or a bad swing, it's more than your initial investment in that investment. It's a pretty amazing thing when you hit one of these winners. If that's driving your happiness, where you go home and you're one step from kicking the dog or doing something or getting in a fight with loved ones, take note of that. That's not a good thing if this thing drives your happiness or your depression for the day. That would be a big determining factor for me. Now, if it's a healthy thing, because like I said, I've got one of these and it's fortunately in a Roth IRA.

• 18:28Brian Preston?

  I've just decided I'm going to ride or die. I'm just going to go, whatever, I'm going to see what this now, but as a percentage of my total net worth, especially investable assets, it's still a rounding error. It's only a percent or so. So it's not that big of a deal and it doesn't impact my happiness so much. You need to do that same thought exercise for yourself.

• 18:49Speaker 02

  Yeah, I love, you already said you're doing one of the things that we recommend. You said, hey, outside of this position, I am still saving, I am still building up my wealth and I'm trying to put that in index funds and other things that are not concentrated in stock positions. I love that. We see this all the time with like executives who come to work with us as clients and they have a lot of. Concentrated stock exposure, say, okay, there are certain reasons why we might not be able to sell that and reduce that exposure. Let's build the portfolio around it. So that rather than decreasing the position to represent X percent of your portfolio, we just grow the other part of the portfolio so that it becomes a smaller and smaller position. But some stocks won't allow for you to do that. Some stocks are just going to go to the moon and they're going to take off and it's going to be really hard for you to grow at the same pace as that stock.

• 19:34Speaker 02

  So then you have to ask the question, okay, I'm going to say how much is enough? I don't really mean that. What I mean is psychologically, if it were to turn down tomorrow and lose 50%, what are you going to do to yourself? How are you going to feel about not capitalizing on that? And most people are going to say, oh, I'd be sick, it'd crush me, dah, dah, dah, dah, dah. And so what we say is, hey, whenever you face a financial decision and you're really worried that it could be an emotional financial decision, are there things you can implement that will remove the emotion from the equation? And individual stocks are a great example. You've got to buy at a good price, you've got to sell at a good price. And if you sell too early and it goes to the moon, you're mad. And if you sell too late, after it tanks, you're mad. So one of the ways that you can remove the emotion from the equation is say, okay, right

• 20:18Speaker 02

  now it represents 40% of my total stock, of my total portfolio exposure. I really don't want it to represent more than 20%. That's a great point. I'm making up a number here. I would put together a strategy, okay, 20% is this number. What I'm going to begin doing is every month, or every quarter, or every week, or every, whatever the cadence is, I'm going to begin dollar cost divesting out of this position. So that way I remove the emotion from it. I'm just going to sell every Monday, or every fifth, or every first day of the quarter, I'm going to sell X percent of the stock. Now, what's likely going to happen is, if it's a stock that is going to the moon, it's going to continue to grow. And this dollar cost divesting strategy is going to keep chipping away at it, but not meaningfully reduce your exposure so you're still participating in that, but you are

• 21:02Speaker 02

  going to slowly be taking chips off the table, chips off the table, chips off the table. And you're removing the likelihood that you have all of your wealth tied up in this thing and the cataclysmic, negative, bad, black swan thing happens and you go from having this position that was up 13 times to now you have a position that really hasn't done a whole lot for you over any meaningful period of time. So I would say, how can you implement? A non-emotional divestiture type of strategy to get you at the end point you want to be at, and then you constantly reassess. Okay, I'm gonna do this for six months. Where am I? Do I need to speed it up, slow it down? Okay, I'm gonna do it for six months. Where am I? Do I speed it up, slow it down? So that way, you're not stuck with analysis paralysis of when to get out, when to stay,

• 21:44Speaker 02

  what to hold, what to get rid of, and it just allows you to begin moving the ball forward.

• 21:49Brian Preston?

  You take the emotion out. You know, you make a great point, because I was internalizing this. And my case study is a small percentage of my net worth.

• 21:58Speaker 02

  Forty percent, man.

• 22:00Brian Preston?

  It's forty percent. So I mean, that is going to definitely...

• 22:02Speaker 02

  And he's already thirteen X'd.

• 22:03Brian Preston?

  It's gonna have an emotional impact. It's also gonna have a financial impact. I would definitely... Now, here's something. Now, what if Kev is able to save so much? Because maybe he is in the beginning part of this. That's why I would triage it in that way, Kev, but definitely don't let this thing derail. I've worked with executives. Y'all have heard me tell the story of executives at Lucent Technologies, because we're from Atlanta, and they all thought this thing was to the moon. And everybody's like, "What's Lucent Technologies?" I'm telling you, this was the highest of high flyers back in the nineties. You know, S and P 500 holding, and a lot of those executives had net worths that was many, many millions, and then got crushed when that stock, you know.

• 22:47Brian Preston?

  There's a reason you don't know about it anymore.

• 22:49Speaker 02

  Exactly right. Hey, kudos to you, Kev Dogg, for being thirty-four and sounding like having a home run. And I just gotta figure out what to do with it.

• 22:56Brian Preston?

  I know you're ready for transition, but I felt like this is still a good time, because there's something that I want to draw attention to. Today is the launch of the new food course. And I... Look, I've already screwed up something so big that I'll go ahead and just throw more pie on my face. We'll just make this the court gesture. The whole content team, when they decided to show me the new course, and I want to give you an Easter egg that you can go look at yourself. To see how embarrassing it is, is if you go to the bowling point section of the new course, you literally can watch my face turn four shades redder. And somehow we kept that in there. We didn't go and re-record it.

• 23:38Speaker 02

  No, it was good stuff.

• 23:39Brian Preston?

  We just like, no, let it rip. It's good enough. And I was like, okay.

• 23:42Speaker 02

  It was good stuff.

• 23:43Brian Preston?

  And it was so good for you guys that you decided, you know what, when we're comparing and contrasting Brian's belly in the first course to now what's going on, we chose this is the section, the Easter egg, to kind of draw attention to.

• 23:56Speaker 02

  And it looked great, didn't it?

• 23:58Brian Preston?

  It did.

• 23:59Speaker 02

  It looked so good.

• 24:00Brian Preston?

  Yeah, really, the cameras we're using now really pick up those shades of red. So it was a great little Easter egg to share.

• 24:06Speaker 00

  No, but that's actually what I was going to transition to next is just to remind you that the new and improved Financial Order of Operations course is live. Go to learn.moneyguy.com. With the new and improved price that you guys really let us know worked better, it's now just $49. You can go sign up for that. And remember that if you already had the old course, you will be getting gifted this new course. It'll show up in your portal. You should get some emails about it. So be watching for that today. We're really excited to get this into your hands because it's just so much more comprehensive. I'm very excited to have this product out into the world today. So learn.moneyguy.com.

• 24:44Brian Preston?

  And don't sleep on that. We're giving it to you for free if you've already bought it because we want to pay it forward. So if you get in this thing, you realize, holy cow, these guys weren't kidding. It really has really improved. But now what I'd like to do, since I've been through this and I've seen the fruits that it can come from it, let's organize a group because we have group discounts. We've also designed this course with the thought for groups so that you can actually, you know, essentially have a teacher's edition so you can teach this thing. And we even designed it, especially the group edition, if you get beyond five, to where even if you couldn't watch the videos, we give you enough of the teachable stuff.

• 25:20Speaker 00

  Yeah, there's an exclusive like group workbook you get with the group pricing.

• 25:23Brian Preston?

  Yeah, there's a workbook because we try to hit you from all angles. And it also integrates, man.

• 25:28Brian Preston?

  The mission, the mission briefs, pretty cool that y'all incorporate. If you want to actually make it a book club event, we actually also combined it with Millionaire Mission. I mean, knock over everything. Just cut the cameras off. Before the wheels, who knows what I'm gonna get us completely taken out. But in all seriousness, I think it could be a cool opportunity for you to pay it forward if you've got friends. Because in addition to the workbooks, we've made it much easier to gift this. Because we've heard you guys, you said, hey, I'd like to give this, pay it forward to other people. Now we're gonna make that easy. So you have a chance to go preview it, because you've already made the investment. But once you preview it and say, yeah, this is the real deal, go and pay it forward and

• 26:12Brian Preston?

  gift some copies out.

• 26:14Speaker 02

  I love it. That's great.

• 26:16Brian Preston?

  Is that the close?

• 26:19Speaker 02

  Yeah, okay.

• 26:20Brian Preston?

  I was waiting for you to say something cool, because I'm over here knocking stuff over bull in China shop. Guys, go ahead.

• 26:26Speaker 02

  We love, we love, we love that we get to do this for you guys. We could not do the show if you did not tune in. We're so excited we have this coming out. We're so excited about the new mini-shows. If you've not seen the highlights that come out every Wednesday, make sure you check those out. If you've not checked out the first episode of Making a Millionaire, make sure you go check that out. We have another episode coming out this coming Monday, and we are just so excited that we can create this content for you so that you can do money better.

• 26:56Brian Preston?

  Guys, I think I've said enough today, so I'm just gonna say, I'm your host, Brian Preston, joined by the very capable Mr. Bo Mustache Hansen, Money Guy team.

• 27:10Speaker 02

  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 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.