Financial Advisors React to Jaw Dropping Money Clips

⁠⁠⁠⁠Use code MONEYGUY at Monarch.com to get your first year of Monarch Core half off at just $50: https://bit.ly/monarch-moneyguy On this episode of Financial Advisors React, Brian and Bo react to some of the internet's most jaw-dropping money clips covering investing, crypto, Pokémon cards, credit scores, Disney vacations, DoorDash spending, real estate, moving out, and viral financial advice. Learn why chasing hype, comparing misleading statistics, using debt carelessly, and making emotional money decisions can derail long-term wealth building. If you're serious about investing, financial independence, retirement planning, smart budgeting, and making better financial decisions, this episode breaks down what actually matters—and what to ignore. Whether you're trying to build wealth, improve your investing strategy, avoid costly money mistakes, or simply separate financial facts from internet fiction, this episode is packed with practical insights grounded in decades of financial planning experience. 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.

• 0:00Brian Preston?

  The content team has given us some videos to chew through and they've told us they're jaw dropping.

• 0:05Speaker 01

  Brent, I am so excited for my jaw to drop. Let's dive right in.

• 0:11Speaker 02

  I put, I think, thirteen hundred dollars into a coin called Peanut. So do you know when they killed that squirrel? I don't know if you saw that?

• 0:17Speaker 03

  Yes, yes.

• 0:18Speaker 02

  Peanut the squirrel. So I'm like, Peanut, this makes sense. This might go up. And I sold it like for a loss. I put a thirteen hundred bucks in. I sold it for six hundred dollars. A week later, Binance added that coin as a tradable asset. It went from fifty million dollar market cap to two billion. And I just posted this on Twitter today. My Peanut holdings right now would be worth forty-two million dollars.

• 0:38Speaker 01

  Hindsight is always twenty-twenty when it comes to investing. I don't know that this guy specifically would have watched his Peanut holding run all the way up to forty-two million dollars.

• 0:47Brian Preston?

  Does that count as one of those poop coins?

• 0:49Speaker 04

  I think the word you're searching for is...

• 0:51Brian Preston?

  I actually expect my money to work for me. I'm not hoping to get lucky. I, you know, I think some people go with that saying, it's better to be lucky than to be good. I'm leaning more towards the good and consistent than I am to just being lucky and hoping that Lady Luck smiles on me.

• 1:07Speaker 01

  I love that. Hey, now, I don't know if they're gonna leave this in there, but I'm just gonna throw it out there.

• 1:11Speaker 05

  How would you invest one million dollars? Would you put it all into the S and P five hundred or would you use it as a down payment on a property?

• 1:19Brian Preston?

  Depends on where you are.

• 1:19Speaker 06

  S and P five hundred.

• 1:21Speaker 05

  S and P five hundred or buying into a franchise?

• 1:24Speaker 06

  S and P five hundred.

• 1:26Speaker 05

  S and P five hundred or buying a business that already makes money?

• 1:30Speaker 06

  Buying a business that already makes money.

• 1:32Brian Preston?

  Depends on how much money it makes.

• 1:33Speaker 05

  Business or investing it across twenty startups?

• 1:36Speaker 06

  Buying a business because when you have one business and you're investing in it, you actually control all the risk in it and you can actually operate that business.

• 1:43Speaker 05

  Buying a business or Bitcoin?

• 1:45Speaker 06

  Buying a business.

• 1:46Speaker 05

  Buying a business or multifamily real estate?

• 1:48Speaker 06

  Multifamily for one important reason because...

• 1:52Speaker 06

  When you buy a single-family real estate, you're buying real estate. But when you're buying multifamily, you're actually getting two things. You're getting the real estate and you're getting a business that works together. So in this case, you're not only getting a business, but you're also getting real estate. So it's a two for one.

• 2:05Speaker 01

  You know, I don't disagree with a ton of what he said, although some of those are much easier to do than others. He said, you know, okay, he had a million dollars. How'd you do this? A lot of times, if you want to go invest in like multifamily real estate and you have a million dollars to operate with, there's likely you're going to have a whole lot of debt. Whereas if you take that million dollars and you put it in the S and P 500, you don't have any debt. So those were not exactly apples-to-apples comparisons throughout that entire flow chart.

• 2:29Brian Preston?

  Well, good on him. He gave, because those were binary answers, you know, this or that. I'm here to tell you, life is not like that. For the majority of people out there who are not in the step eight of financial order of operations, the S and P is going to be your friend. Everybody loves to do the math of what levered debt will do for you because exponentially your money can grow. You put down a small amount of money and then because it's all leveraged up, you're going to make, you know, 10, 20% because of the levered debt. The problem is when you're using other people's money to pay that debt and then they quit paying you the rent, all of a sudden you find out that levered debt can get really expensive really quick.

• 3:09Speaker 07

  Did you know that nearly 50% of parents go into debt to take their kids to Disney? The average parent spends $6,000 on their Disney trip. Things like flights, park tickets, food, hotels, all of these things are really expensive when you go to Disney. But by going into debt, you're putting your family at a huge financial risk. So instead of going into debt, save up in cash, but there are also really great ways that you can travel hack so that you can reduce those costs significantly when you go.

• 3:37Brian Preston?

  The most important thing when you go on a family vacation is the time with the family. It's not the expense of the trip. It's actually how strong are the memories? How good are the things that you're doing as a family to build that deepness of the relationship? We just spent $6,000 of high interest debt. Just for a little.

• 3:54Speaker 01

  Roy Wally Entertainment. The moose says you're closed. I say you're open. Spending $6,000 for a Disney trip, but you actually put that on a credit card and you're paying punitive interest rates on that. That one trip that you thought only cost you $6,000, very likely could cost you $7,000, $8,000, $9,000 by the time that you get it paid off.

• 4:15Brian Preston?

  And don't skip out on the ounce of preparation. The difference a week or two can make on when you go. Cause then maybe you don't have to buy all the premium stuff, like the lightning lanes and the other things. If you go when the crowd calendar is low, it's going to be cheaper and more than likely, there's going to be many more discounts that are going to lower that price for you.

• 4:34Speaker 07

  So if a large iced coffee is $4.99, you would pay $4.99 plus tax? No. You would pay $5.75 plus tax. You'll say, "It's because the restaurants raised the menu prices to cover the fees." Which means the total you would pay would be? $6.15. No. Why would you think? That's not enough. You'll say, "It's because you still need to add the $4.99 service fee. That's why." Which means the total you would pay would be? $11.14. No. Why would you think? That's still not enough.

• 5:17Speaker 07

  You'll say, "It's because you still need to pay the $3.99 delivery fee." You'll say, "It's because that's why." Which means the total you would pay would be? $15.13? No. Why would you? You still need to add a tip.

• 5:34Brian Preston?

  That's the service fee.

• 5:36Speaker 07

  So let's say that you tipped $4. Then that means the total you would pay would be? $19.13. $19.13 for what? A large iced coffee. No. Why would you think? It's a large warm coffee. Why can't I get an iced coffee? It's because you didn't pay the $1.99.

• 6:00Brian Preston?

  Priority fee. This is something we even added in our millionaire survey this year was do you use DoorDash? Or you know Uber Eats and was it like 66% or 67% don't?

• 6:13Speaker 01

  Don't use it at all.

• 6:14Brian Preston?

  Look, I'm part of that percentage is we look, I get it. If you get a gift card or you get some promotional thing, you might dabble in it, but I don't consider that really using it. That's kind of being a financial mutant for using a coupon or discount code. But this is my whole problem with this business concept. Sometimes we've seen people who've gone to like Chick-fil-A and have turned a $10 value meal into something that's 25, 30 bucks. Or if you're feeding the family, you can turn a $40 meal into a 60, 70 bucks. It feels disconnected and that's what I, I actually don't use those services and I love to like kind of present that because it's, it's a lot of hands in the kitchen for a simple product. It's already kind of an excess of life and, and it, that's something you ought to really think about.

• 6:58Speaker 01

  If you're going to make bad decisions, which in our opinion, you know, Uber Eats and that's what's bad. At least make bad decisions rationally. Ordering an iced coffee as an Uber Eats, it is going to be melted. It is going to be watered down. It's not going to be cold anymore. Same thing. If you're trying to like Uber Eats or DoorDash ice cream, ah, maybe that's not the wisest decision. So if you are going to spend a stupid amount of money, way overpaying for something, at least make sure that you're doing that on something that somewhat makes sense to do.

• 7:26Speaker 03

  When can you financially move out to your own place? So whether you live at home or you have roommates, use this test. You need to get four out of four. And if you do, you're ready to move out. Number one is that your rent should be less than 35% of your take home pay. So here's a table based on salaries and you can see that if you make around a hundred thousand dollars per year, the monthly rent that you can afford is around 23, 27 per month. And that's based on your take home pay.

• 7:50Brian Preston?

  You'll get a roommate.

• 7:51Speaker 03

  So that you don't get stretched thin by renting a place that you can't comfortably afford. Number two, you have an emergency fund of at least three months because moving out is expensive. You need the first and last month's rent plus deposit on top of that. So you need to make sure you have a cushion so that if you do move out, you aren't cash poor in case an emergency happens. Number three, you're still contributing to retirement. Even by moving to a new place and paying that new rent. And number four is that you have no high interest rate credit card debt or buy now pay later debts, because those are wealth killers long term. So if you want to take on the burden of a new place with a higher rent, you want to make sure your debt is under control.

• 8:24Speaker 01

  Well, Humphrey, I agree almost exclusively. The only thing I would change is you said that your housing costs should not exceed 35% of your net pay. Well, net pay can be so fluctuous. It can fluctuate so much depending on like your benefits and depending on your 401k contributions, depending on your cafeteria plan stuff. So that's why we like saying instead of doing 35% of your net pay, do 25% of your gross pay. So that way you really know based on the income you have coming in, where you are threshold wise, but everything else, I agree fully.

• 8:56Brian Preston?

  I was going to add a step five and six is step five, get roommates and all this happens much faster.

• 9:01Speaker 01

  Sure.

• 9:01Brian Preston?

  Step six was live at home for a month or two more so you can afford that purple leather recliner or the, the subwoofer. These are the things that went into my decision making when I graduated college. I think I went back, lived at home for two or three months.

• 9:15Speaker 01

  For the subwoofer.

• 9:16Brian Preston?

  It was, they didn't, it wasn't a purple leather, but it was, but it was, it was definitely a chartreuse or it was, it was some purplish burgundy purple color, ugly. Dear God, what is that thing? But man, oh man, was I proud of that leather recliner. And it was paid for because I stayed at home just a little bit longer.

• 9:37Speaker 07

  Why is investing in Pokemon cards seem to be what everyone is currently doing? It's because these little pieces of cardboard are currently crushing the stock market right now. If you look at the data over the past 20 years, the S and P 500 is currently up 421%. Which gives it a very respectable rate of return of 8.79% per year. However, compared to the world of collectibles, these are rookie numbers because if you look at baseball card, baseball cards is currently up 716%. Basketball cards is currently up 1,174%. And football cards, this is American football, is currently up 1,290%, which is a rate of return of 14.22% year over year. Where does Pokemon cards land in all of this? Well, Pokemon cards is currently up 3,261%. Pokemon cards is currently on a league of its own.

• 10:22Speaker 07

  That is a 20 year average rate of return of 21.42% year over year. This is two and a half times better than the S and P 500. Will Pokemon cards continue to outpace the stock market or was this?

• 10:34Brian Preston?

  Yes, a 20 year flu. This is just a lot of people running to where the attention is.

• 10:38Speaker 01

  Now, see, I'm frustrated because this was a math crime. There are lies, there's darn lies. Cuss words is illegal. And then there are statistics and numbers and how you can manipulate them. And that's exactly what happened right here. Because here what he did is he is take, I don't know how he's coming up with the average across all American football cards, the average across all American baseball, basketball, basketball cards or baseball cards. But he's comparing that to a basket of goods in the S and P 500. If you were to go pick any of the individual stocks in the S and P 500, or if you want to go look at Amazon over the last 20 years, Nvidia over the last 20 years, Tesla over the last 20 years, fill the blank on the company you want to choose. There's a really good chance that those companies likely would smoke the numbers here.

• 11:23Speaker 01

  But it's not comparing apples to apples because if you were to just go buy right now, a pack of Pokemon cards, whatever that is, $10 pack, and you were to hold that singular $10 pack for the next 20 years, I don't know that I believe you will have gotten so lucky that one of the cards in your pack was so valuable that you recognize a 3,000% rate of return in that. However, if you go buy the S and P 500, you will own the 500 largest companies, best performing companies, largest in market capitalization companies in this country. It's not opening a pack of stocks and hoping you get lucky with one of the stocks.

• 11:58Brian Preston?

  I think you are making a solid point because he very well, you could have flipped the script on this instead of, instead of the S and P 500, you could have done Nvidia or Tesla or any of the high flyers, and it would have completely crushed what happened to Pokemon.

• 12:11Speaker 07

  How high can your credit score be before it gets kind of weird?

• 12:15Speaker 01

  What?

• 12:16Speaker 07

  You know, building a credit score, you're trying to build trust from another man so he can give you money. Ooh, I got a high, because I got a high score. You trust me, give me a loan?

• 12:24Brian Preston?

  I think you stay mid. You don't go all with the savings. I think you just stay around the 650s.

• 12:30Speaker 07

  I said 610.

• 12:31Brian Preston?

  610, max?

• 12:32Speaker 07

  Yeah, max. Because like at that point, bro, you're begging for a grown man to approve you.

• 12:37Brian Preston?

  Yeah.

• 12:37Speaker 07

  Ooh, I got this loan. Thank you, sir. Ooh, he trusts me that much.

• 12:41Speaker 01

  This is a joke.

• 12:42Brian Preston?

  And you repeatedly going back because he going to continue.

• 12:44Speaker 07

  Mm-hmm.

• 12:44Brian Preston?

  So you really want to chase him through it.

• 12:46Speaker 07

  And you want a better interest rate? Like, come on, bro. Why you want another man to interest you?

• 12:49Speaker 01

  The guy in the bottom right, what's his role in this?

• 12:51Brian Preston?

  I never understood that.

• 12:52Speaker 07

  That's what I'm saying.

• 12:53Brian Preston?

  Never understood that. I never quite sat well with me. No, it's egregious, but building your credit score lets you.

• 12:58Speaker 07

  You know that every time the bank said, give me your money, you did it. You know, you, you bent over for the bank. Standing your ground. I, I have a double digit credit score and that lets everyone know it's like that man takes what he wants. And he don't give it back. Yeah, I paid nobody back. I haven't been able to buy a car, a house, an apartment in years, but you know, stand on my principles. Ten toes. Ten toes.

• 13:22Brian Preston?

  Oh, that's good stuff.

• 13:24Speaker 01

  Yeah, that's hilarious. Uh, that'll work. That'll work once. You can do that once. You can, you can ask for some money and take it and say, I'm not giving you this money back, but you won't get it the second time or the third time or the fourth time. Obviously that's hilarious. And what people don't realize is a lot of people want to suggest that having a really high credit score is like an I love debt score. That is not the case. Having really high credit score suggests I am responsible and understand how to use money as a tool and use it well to my benefit. I do not think I would propagate the information these guys are.

• 13:59Brian Preston?

  It's also, by the way, it's not just for borrowing money anymore. It's also, hey, are you have to make a deposit when you set up your utilities? Or is your property and casualty insurance going to be at the preferred rate because you seem like less of a risk? There's a lot of things that now go into credit score and I'm here to tell you, if you just pay your bills and pay off your debt exactly like we share in the financial order of operations, you're going to be in the high sevens, eight hundreds range without even trying. It just happens naturally. So just respect the obligations you've set. Don't borrow outside of what your wallet or your purse can afford and you'll be A okay.

• 14:35Speaker 01

  There is a better way to do money. If you want to know how to do money better, you can go to moneyguy.com slash resources. Check out all of our resources, all of our archives, all of our tools out there to help you make better financial decisions.

• 14:48Brian Preston?

  I think we chewed through the jaw dropping videos, Bo. I'm your host, Brian. Joy of Mr. Bo, Money Guy, out.