Pod Insights Money Guy Show What Were Bo's Biggest Financial Milestones? About this episode "We have heard about some of Brian's financial goals and milestones (6 figure job by 30, $1M net worth, etc.)... But what were some of Bo's financial goals and milestones in the early going?" -Andrew G.
We'll walk you through that question and more in today's Q&A episode!
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Transcript Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.
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1:06 Speaker 02 Keeping on the home topic. Aaron V. has a question. He says, what is the break even point at which refinancing or rate adjustments of your home mortgage makes sense? Also, do we expect mortgage rates to drop this year?
1:22 Speaker 03 All right, I'll do break even point.
1:26 Speaker 03 Yeah, so a lot of people are surprised to hear this, Aaron. It's really a mathematical calculation. When you decide, does refinancing make sense or does it not make sense? And here's the way that you want to recalculate it. Let's say that you bought a house and you were in a 30-year mortgage and now you're five years into it. So you have 25 years left on the mortgage. That's important because I'm going to come back to that. You decide I'm going to refinance. Well, most of the times when you refinance, you're going to refinance into a new 30-year mortgage. So what you're actually doing is you're kicking your payment period out five more years. So instead of paying off that house in 30 years, you're paying it off over 35. You want to be careful of doing that because all you're going to do is end up just stretching out the amortization of that loan.
2:09 Speaker 03 So here's where you do the math to determine what the break even point is. You know what your interest rate is today so you can calculate how much interest you're paying on your monthly payment. Well, then you calculate, okay, what would my new payment be with a lower interest rate? If I were going to continue paying on the exact same schedule? Meaning I was going to pay it off in that same 25 years, not stretch it out to an additional 30 years. What I want to calculate is what is the interest savings? If I'm going from 7% down to 6% or 8% down to 7%? What is the monthly interest savings that I'm going to accumulate every month? As I continue to make those payments? Well, then I want to figure out if I add up all of those interest payments,
2:49 Speaker 03 how much time does it take me to save enough interest to compensate me for the cost of the refinance? So whatever the closing costs were for me to work through that, I want to make sure that I have a reasonable belief I'm going to be in the house long enough to recoup that initial cost. So you might figure out, okay, I'm going to have enough in interest savings, keeping the same timeline to where I have to live in this house for at least 48 months before I cover what the refinance cost was. Well, if you're going to be there for more than 48 months, refinancing likely makes sense. If you determine it's going to take 10 years to make up the interest savings, then it might not make sense if you don't see yourself being in that house 10 years in the future. That's how I would work through the calculation of the break even analysis.
3:34 Speaker 03 Now, what I'm curious about is what does that mean that anytime rates drop? Should you just refinance willy nilly?
3:40 Brian Preston? Well, I was just going to add because you're right. Even if you have the payoff period stay the same, because you change the variables, there's a chance your payment still goes down. Just because you have less principal, you're refinancing and bringing it back. I always challenge people, if it's not a cash flow issue, I love it if you just keep paying the same thing you were paying. With now the same rate and you. That goes beyond the break even point that both are. It's just, it's more of a discipline thing, people, because a lot of times people in the, in the, in the comment section will say, um, I don't trust the typical person because they're just go refinance and then they go take all the money savings and just go blow it on something else. I think better
4:25 Brian Preston? of you guys because you're financial mutants, you're watching content like this. So it's more of an optimization strategy to figure out how do you get the lower interest rate and actually turn that into measurable wealth or, or speed up your journey. So just make sure you're taking that margin that you get from the refinance and not expand it into lifestyle or other things. Now to the other question, do I think interest rates are going to go down? Man, that is a big one. Um, because they, now look, President Trump is new on the scene and there was an even a journalist last week I saw said, do you think that the Fed is going to cut rates just because you told them? And now his confidence was yes, but I don't really know. I mean, and that's the, that's the reality of the situation is
5:10 Brian Preston? because we keep watching the inflation data to see how much, because look, it was starting to, to rear its head that maybe this, we had not vanquished inflation like we thought we had. But then our most recent data point was actually pretty good. But it's, it's, it's a big question mark. I will say that they have definitely lowered the temperature on how many rate cuts that will be going forward. Um, just because it seems like the economy is pretty hot. Now I'm also, there's another, there's an element that has not been discussed is that if goods get more affordable, um, we'll see what happens. But I don't know. There's a lot of variables. It's too soon to know. Um, but I sure hope
5:53 Brian Preston? that interest rates go down because I would love people to be able to buy homes. And I think it would be reasonable if interest rates were in the fives.
6:00 Speaker 03 So if, if rates do go down, Brian, I mean, how do you decide? If I'm someone who got, uh, six or 7% mortgage and rates are gone, have gone down and now can refinance at 6.75, does that make sense? Or I keep waiting? Like, how do I go through the?
6:13 Brian Preston? Typically, well, I mean, I think a good, good practice is you do the math. I mean, because maybe you can make three quarters of ...percent work, but usually a good rule of thumb is like, once it gets below 1% savings. And then you also, once you get over 1%, you can start letting the lender prepay some of the, give you a little bit of a premium on the interest rate and then cover the cost for you. There's all kinds of opportunities to do that, but you need some type of spread. If it's just a quarter of a percent, I don't know that you're getting over the hassle or the friction costs of doing the refinance. But, but once you get over, you know, 1% and greater, it can be pretty fruitful.
6:50 Speaker 03 And I would encourage you, if you go out to moneyguy.com/resources, we actually have a refinance guide that you can go use. It'll help walk you through some of the stuff. Okay, how do I calculate it? Does it make sense? Is it something that could make sense for me? So if you've not checked that out, moneyguy.com/resources, and it's our refinance guide to help you figure out how to make that decision.
7:10 Speaker 02 Yeah, and we walk through like an actual example with numbers. So it helps simplify all of it.
7:14 Brian Preston? And remember, before you refinance, call to see if you can get a rate modification.
7:19 Speaker 03 Oh, that's great.
7:19 Brian Preston? That's always a sleeper. It doesn't always work. It's actually probably only 10, 15% of the time does it work, but it is worth everybody making the phone call.
7:28 Speaker 03 It's worked. I've done it. It's worked.
7:29 Brian Preston? Call your existing lender and say, hey, rates are down. Instead of me going through the hassle of refinancing and you losing a good customer, why don't we, you let me pay a fee to restate this mortgage to a lower interest rate? So it's called a rate modification.
7:45 Speaker 03 Great.
7:45 Speaker 02 Definitely. All right, Erin V., thank you so much for your question. If you would like a Money Guy Tumblr, you can email [email protected] .
7:53 Speaker 02 Next up is a question from Jeff G. He says, "At what point would you recommend someone to look into umbrella insurance?" And also maybe give everyone a brief explanation of what is umbrella insurance?
8:06 Brian Preston? By the way, we recently had a comment that kind of critiqued us a little bit. So I'll let you correct it and then we, but still, I think, what is interesting though, is the way he described it. It does sit on top, but it's just that it increases your liability protections. I'll let you take it.
8:25 Speaker 03 Let me describe what umbrella insurance is, and then why don't you talk about where, who needs it, when you need it, why you need it. So umbrella insurance is exactly what it sounds like. It is an umbrella that sits over the other insurances that you carry. So you might have automobile coverage that covers you up to a certain limit, or you might have home insurance that will cover your home up to a certain limit, so on and so forth. Well, umbrella insurance sits on top of those. As the comment pointed out, it's not gap insurance. It doesn't fill in any gaps. It sits on top of the insurances that you already have. So if there were to be some event that took place that maxed out your insurance, or where your insurance is only willing to pay a certain amount, the umbrella insurance would sit on top of that amount.
9:10 Speaker 03 That's what umbrella insurance is. And the good news is umbrella insurance is really, really inexpensive. It's not uncommon to get millions of dollars of umbrella coverage at hundreds of dollars of annual cost. So it's not incredibly expensive. So a lot of people, Jeff, find themselves in the question, well, okay, do I need this? Like, is umbrella insurance something that makes sense for me? And I've got my homeowner's insurance, and I've got my auto insurance. Do I even really need it? Or why would I get it?
9:38 Brian Preston? Yeah, I mean, if you've got assets, you need it. I mean, and so that's why I like umbrella insurance. It kind of correlates to your net worth. So, and by the way, you can probably go up to 5 million. Once you're worth over 5 million, they're not going to give you insurance beyond that. But hopefully, your level of exposure is limited just by, because that's just a lot of money at that point. So 1 million is where people typically start out. And you think about it, because like, your auto policy might have a liability protection up to 250,000. And if, you know, taking it up to a million definitely is going to add a lot more liability protection for you. If you take it up to 2 million, it just, it gives you, you're still going to have a target on your back. Once you have assets, people are going to want to sue you because we know that there's
10:22 Brian Preston? pockets there that can pay. It's just, instead of it trying to get into your pockets, we're trying to give you some type of protection through an insurance policy, or so that the attorneys are basically dealing with the insurance company, not trying to get into your net worth statement.
10:39 Speaker 03 Can I share a quick little case study of when we saw this, like a real life example of this? You're going to know the one I'm talking about as soon as I say it. We have a client who had a young child. Now, this child is now since grown up and adult and married and all kinds of stuff now. But when he was young, as young kids do, he made a bad decision. He decided to pick up and start throwing rocks at a school bus that was going by. He wasn't trying to be nefarious. It was just a little kid throwing rocks at a school bus. Well, a rock went through one of the windows that was down in the school bus and it hit a little girl in the face. And when it hit her in the face, it caused a laceration. It was a moving school bus. So, obviously, her parents were like, hey, this is, you know, this is a cut on her face. We want to get like a plastic surgeon to make sure that we have minimal scarring and all this kind of stuff. Well, the party
11:22 Speaker 03 that was responsible for covering all those medical bills was our client because it was her young child that did this. Well, when they kind of went through this whole process, the insurance that stepped in and protected her from having to come out of pocket for those medical bills was her umbrella insurance policy. And so, one of the things we tell people, especially if you have teen drivers, or maybe you have kids that are going off to college, umbrella insurance can also cover members of your household that are not presently residing in your households, like kids off in college that maybe might not always make the wisest decisions. If you're someone that falls in that scenario, umbrella insurance is a great insurance for you to cover so that you can protect not only your assets,
12:04 Speaker 03 but also your income and the other valuable things that you have going on in your life.
12:09 Brian Preston? I love what I do for a living because that child was in kindergarten at the time. And now, I talk to the mom. She's still a client. I'm very loyal. I still hang out with my high school friends. I still have clients. So, you know, now their kids are grown and children are not, grandchildren are not here yet, but they've been married now for well over a year. And it's just kind of wild seeing. A child go from kindergarten to through high school, graduate from a very nice, awesome university.
12:45 Speaker 03 What university was that?
12:47 Brian Preston? I couldn't say anymore. But it is, that's one of the cool things about this, doing this job too, is because I do it now exactly, the case study. And that kid was a good kid, he's a good kid, but he made a dumb, dumb, dumb decision. Even good kids do stupid stuff. And that's part of the messy middle. And that's why if you're a parent, dealing with the messy middle, and you're like, why are my kids so hard? Why? Don't worry, you know, that's one of the fruits of life, is that you do all the things you can do. Probably better days are ahead on some of those, those life elements that I'm sure when this, this mother was going through it, she was like, what, what am I going to do to get out of this? You know, but it got better now. It's all good.
13:31 Speaker 02 Great. Thank you so much, Jeff, for your question. If you would like a Money Guy Tumblr, you can email [email protected] .
13:38 Speaker 03 You didn't hear Jake comment?
13:39 Speaker 02 Yeah, I saw that one too.
13:41 Speaker 03 He said, did Brian's umbrella insurance cover the pine cone incident?
13:44 Brian Preston? Oh my God. What's funny is that the pine cone incident, I'm, I'm seeing, I mean, that's my buddy.
13:51 Speaker 03 The other party in the pine cone game.
13:52 Brian Preston? I mean, he sometimes is in the room. I hesitate, I'm not saying any names, because he sometimes pops into these live chats, but he knows I still owe him a lick. Two, maybe two. He got me. Yeah. Thanks, Jenny.
14:04 Speaker 02 I'd like to see that.
14:05 Speaker 03 Awesome.
14:06 Speaker 02 All right. This next question's interesting. It's from Andrew G. He says, we have heard about some of Brian's financial goals and milestones, like the six-figure job by 30, 1 million net worth, etc. But what were some of Bo's financial goals and milestones in the early going?
14:23 Brian Preston? A lot faster than Brian's. Do everything better than Brian did. That was, that was bold. If you want to know, Bo actually wrote that on a sheet of paper. Be better than Brian.
14:33 Speaker 03 That's actually what it says at the top of the net worth statement. Every year when my wife and I go through it, I just put, "Are we smoking Brian?" That's what I put on there. No, this is great. I had a lot of the same milestones that Brian had when he started out. Now, obviously, we had some income milestones, we had some net worth milestones. I had a goal that I wanted to make six figures of income by a certain age. And because of the way stuff worked around here, I was able to do that much quicker than I thought. I had net worth goals that I wanted to do as well. I'll tell you, one of the things that my wife and I have begun circling on now is, and I think this is important, especially for people who've had any level of financial success,
15:16 Speaker 03 is really focusing on what is the why behind the wealth? Like, okay, yeah, we can have a goal, I want to hit this net worth, or I want to hit this income. And those are fun, and they're certainly worth moving towards. But at the end of the day, you have to answer the question, why? Like, what's the goal of hitting that number? Like, does that number change anything? Does it do anything unique? Does it create... If you're financially independent, does it create more financial independence? Or are there things that you can allow your wealth to do? And are there things that your wealth allows you to do that you would not be able to do otherwise? So that's kind of been some of the stuff that my wife and I have been leaning into. Now, I will tell you, one of the things, and it used to be fun to have the income goals,
16:00 Speaker 03 and those are awesome, but I have this goal. Like, I hope that I'm going to be able to raise my kids to buy half their car. That's such a silly goal, but that's like, and I want to fight. Because my kids, they don't understand this right now. And all they recognize, they're going to have to have skin in the game. They're going to have to work towards this goal. And my oldest daughter, she's going to be 10 this year. We're kind of getting close to that. Like, you know, it's going to take some time to save up and begin building up. And so I want to start having that conversation with her. So I want to have goals with my money around making sure that it's used well and that we're preparing and training our kids to be able to use it well one day. Is that a good answer?
16:41 Brian Preston? I mean, I think people, but I will give you credit. I think Beau has blown past every one of my goals, and then some.
16:49 Brian Preston? He's probably tired of winning at this point.
16:54 Speaker 03 We're still rocking and rolling though. I love it.
16:56 Brian Preston? Remember, if you ever want to know our difference of personalities, this is the guy who wants to play shortstop. I'm the guy that they want to put in right field and hope the ball never comes here to me. So it's just, um...
17:06 Speaker 03 I wanted to play centerfield when Brian was in right field because I knew that if the ball came anywhere in the vicinity, I would be able to get to both of them. That's where... Little razzle-dazzle there.
17:15 Speaker 02 You see, you see Chuck calling you out, Bo?
17:18 Speaker 03 What'd they say? "Oh, stop eating cereal, buy real blind, learn to swim." "I can swim, guys. I can swim. It's, I just don't float." "I can swim."
17:29 Brian Preston? He can swim as long as his friend that is shaped like Michael Phelps swims next to him.
17:34 Speaker 03 Have you seen this guy's body? "I don't float. Like, I can move myself through water."
17:40 Brian Preston? I think technically that means you can't swim.
17:42 Speaker 03 No, I...
17:43 Brian Preston? If you can't keep your body afloat, you can't swim.
17:47 Speaker 03 I can until the muscles give out, but you can only freestyle for so long. You know what I mean? Like, so I can, if I gotta get from point A to point B, I can get from point A to point B. But if we just have to tread water...
17:57 Brian Preston? You can do that in a swimming pool. You can do it in a swimming, but if you get out in the open ocean...
18:02 Speaker 03 Open water's not my thing. I'm not in, open water's not my thing.
18:05 Brian Preston? That means you can't swim.
18:06 Speaker 03 No, but like, okay, I can, if we're out in a boat, if we ever go on like a, a lake trip or like out in a boat, I can jump off the boat and I can like play around in the water and then I just get back to the boat. Without a life vest. Like, I could do it without, I mean, I'd do it with a life vest because I'm a day ranger, but I could do it without a life vest.
18:23 Brian Preston? I could do it. I could do it.
18:24 Speaker 03 I could, I've done it. I've done it. I've done it. I've done it. I can swim, Caleb.
18:32 Brian Preston? I have looked in his eyes when he had the fear of the water in there. So I can tell you, I have seen, I have seen the face of Bo when he realized he couldn't swim.
18:43 Speaker 03 That was the last, that was the, I can, I can pinpoint it. You know, like, everyone has like these like cathartic moments in their life. They're like, "This is where something changed." That was the last time ever that like I let my pride, put me in a position where I cared about like impressing someone else or whatever. So now I'm just, I don't care. Like, if I'm, yeah, that, that, uh, Bo's pride died in that moment along with those Oakley sunglasses.
19:06 Brian Preston? That's what I was about to say. He walked away from a hundred pair, a hundred dollar pair of sunglasses because life was just that precious.
19:13 Speaker 03 Bottom of the Gulf of Mexico.
19:15 Brian Preston? We all take air, we breathe for granted until we're underwater. And then fortunately, as David Hasselhoff, Michael Phelps shaped... Friend was there to swim it back for him.
19:24 Speaker 03 I like how you just gave yourself Hasselhoff too.
19:26 Brian Preston? He had to save you.
19:28 Speaker 03 Let's do it. That's amazing.
19:32 Speaker 02 Alright, you guys ready for another question?
19:33 Brian Preston? That story will never get old to me. We ought to go, you know what's funny, which y'all don't know, full circle? Bo, before we hit record today goes, you know, we ought to go to Mexico again.
19:41 Speaker 03 I did, I literally said that.
19:42 Brian Preston? He literally says, that's full circle, because that was down in Mexico, that that whole thing happened.
19:48 Speaker 02 All I know is that you don't want to have a content team pool party, so...
19:51 Speaker 03 No, I'm, I...
19:53 Brian Preston? That's because we've got enough employees now that we can't, it's just that, it's not a good, it sounds good on paper, it's not. When you have this many employees, pool parties.
20:03 Speaker 03 You know, we will have, we will have the money guy cookout around the pool. It won't be like a pool party, but it'll be like a cookout, we'll all break bread, and that'll be like, that's what we'll do. That'll be the thing.
20:14 Speaker 02 Sounds good.
20:19 Brian Preston? Yeah.
20:20 Speaker 03 Is this thing still on?
20:21 Brian Preston? Yeah. Like I said, I play horseshoes with the English language, so I didn't say that right when I was giving clarifying rules to the team.
20:31 Speaker 03 I think the big takeaway here is we all know that Bo can swim. I think that's the big takeaway, we all know that I can swim. You want to do another question?
20:38 Speaker 02 Sure.
20:39 Speaker 03 Can Bo swim? Yeah, absolutely, like a fish, if he, you know, for short distances, and without floating.
20:46 Brian Preston? Without gills.
20:47 Speaker 03 Without gills.
20:50 Brian Preston? Or fins.
20:52 Speaker 02 Alright, this next one is from Dr. Niffler. He says, "My company started offering a 403B, a Roth 403B. I'm married and my marginal tax rate is under 25%. Should I convert current retirement to Roth, or just start investing in the Roth 403B? P.S. I'm on step three and I love the show. Thank you."
21:15 Speaker 03 How old is Niffler?
21:18 Speaker 02 Didn't get an age, but I'll keep an eye on the chat.
21:20 Speaker 03 Well, you know what, this was a hard question, right there until the very end. Right there until the very, very end.
21:26 Brian Preston? That's step three.
21:27 Speaker 03 Yeah, the step three got me, because I was sitting there thinking, okay, I'm below the 25% tax bracket. You've heard us say that if your combined marginal federal and combined marginal state rate are less than 25%, Roth is really, really attractive. So making Roth contributions seems like a no-brainer, right? But the question was, should I consider converting some of my pre-tax money? And so then my mind started going, okay, well, I'm thinking, okay, well, we're going to convert that. It's going to be converted at a low tax rate. That seems reasonable. But then you dropped the bomb on me at the very end, Dr. Niffler. You're in step three. Brian, will you hold up the financial order of operations? Step three is high-interest debt.
22:06 Speaker 03 That means you have something in your financial life that is actively using compound interest to work against you. And if that's going on, what I don't necessarily think I want you doing is converting pre-tax assets inside your 403B, triggering additional taxes that you're going to have to pay when tax time rolls around, as opposed to not triggering those taxes and using the money that you would have spent on taxes to then get out of step three. I think that's the answer to the question.
22:34 Brian Preston? But we can clarify, I mean, look, if you're, if it's a 403B, so it's your employer plan, the team just put up on our screen, our comfort monitor here, that you're 32 years of age. So that's... The good news is, employer plan up to the match is step two. So you can do Roth. There's nothing wrong with making it a Roth 403B election for step two. But then after you maximize the employer match, by all means, if you have high-interest debt, if you've got some credit card debt or some other type of debt that is, you know, high-interest debt and is working against you, then we got to vanquish and extinguish that debt first. And then we can get to step four, which is obviously getting the emergency reserves expanded three to six months.
23:19 Brian Preston? And then we can get to steps five and six, which are the exciting stages of maxing out the Roth IRAs and then loading up more into that Roth 403B.
23:28 Speaker 03 Now, the other thing that I throw out there, let's assume that the step three had not been there, because I want this to be like practically useful for other people as well. Should I be in a rush at 32 years old to begin converting all of my pre-tax assets
23:41 Brian Preston? No.
23:42 Speaker 03 into Roth? I think you have to think about, okay, ultimately, when I see myself down the road, do I think that there might be an opportunity for me to be in even lower tax brackets in the future where I might be able to convert those dollars at even cheaper rate? Now, look, below 25% is great. I would argue that's still a low tax rate. But there's a realistic scenario where at some point in your life, you might move to a state that doesn't have any income tax, or you might be able to convert in the 10%, 12% brackets down there lower. I think you have plenty of time. We're going to be able to do that. So if you're just focused on building the Roth dollars, I hate the idea of you purposefully accelerating more taxes this year if it's not absolutely necessary.
24:25 Brian Preston? Especially if you're having to use savings to pay the taxes.
24:27 Speaker 03 That's right.
24:28 Brian Preston? When maybe at your age, 32 years of age is still young, has a great wealth multiplier. I mean, if you think about for a 32-year-old, every dollar has the potential to become $18.
24:38 Speaker 03 Huge.
24:39 Brian Preston? At retirement, that's still a great multiplier. I would lean into that and load it up. I mean, because that's, that, once you extinguish the high-interest debt, I'm really hopeful you can get closer to the $23,500 at some point, plus do the Roth.
24:54 Speaker 03 Love it.
24:55 Brian Preston? Whatever gets you to 25% of your gross income.
24:57 Speaker 03 Awesome.
24:58 Speaker 02 Very cool. All right, Dr. Niffler, thank you so much for your question. If you would like a Money Guy Tumblr, you can email [email protected] . And thank you for everybody that tuned in today. If you want any of those resources that we talked about, you can go to moneyguy.com/resources. We will be here every Tuesday. And a little teaser for y'all, definitely tune in next Tuesday because, one, Making a Millionaire is launching, and then, two, we also have a little surprise announcement. So, just dropping that.
25:29 Brian Preston? It's such a surprise that I can't wait. We don't say that. What it is.
25:33 Speaker 02 We have talked about it.
25:35 Brian Preston? So I was going to ask you, Megan, because there's a chance. We're not for sure, but you might not be on, on air next week.
25:43 Speaker 02 Yeah.
25:43 Brian Preston? Um, any takeaway, fresh points, you know, as we close out? Cause this was, this was kind of a cool thing.
25:49 Speaker 02 Yeah, it's a lot of fun. I love seeing chat and just being to, being able to like talk on camera and hang out with y'all. And it's been fun, so.
25:58 Brian Preston? Well, I think you did a great job. The, the reviews, I mean, the comments were always very positive.
26:04 Speaker 02 Yeah, we've got the best audience.
26:05 Brian Preston? Yeah, I mean, it was, it was really nice stuff. And, and like I said, I'm putting it out there. I'm not saying definitively it was your last, but there's a really good chance that, that we have a little change in the seat next week. And that's, that's pretty exciting, too. Yep.
26:20 Speaker 02 It's been fun. Thanks for having me on.
26:21 Brian Preston? No, it's been good. Guys, we love creating this content. I got a little sappy earlier because, um, Bo, I don't know what he was trying to do. He was trying to play some heartstrings on me and brought up that we started doing this show all the way back in 2006. And it is wild that we are quickly approaching 20 years of content creation and essentially running the nerdiest financial classroom out there so you can be the best version of yourself financially. And we don't take it for granted. It started with a pure intention of education and hopefully you can see that is still coursing through the heartbeat of this show. Um, and I just want to thank every one of you for tuning in. Subscribe like Bo is always reminding us to, but realize that there is a better way to
27:06 Brian Preston? do money and we're going to continue to be your navigators and hosts to go on that journey. I'm your host, Brian Preston, Mr. Bo Hanson, Money Guy team, out.
27:15 Speaker 03 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.
27:48 Speaker 05 Your sausage McMuffin with egg didn't change, your receipt did. The sausage McMuffin with egg extra value meal includes a hash brown and a small coffee for just $5. Only at McDonald's for a limited time. Pricing participation may vary. Promotion pricing may be lower than meal pricing.
28:03 Speaker 06 Sam's Club is the club for every holiday club. Guess who's joining the club this season? Walmart Plus. Yep, Sam's Club Plus membership now comes with Walmart Plus at no extra cost. Two memberships, one great price. Just $120 a year can save you time and over $700. Want to get in on the membership duo of the century? Visit samsgclub.com. Come join us. Sam's Club.
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