How This Young Couple Turned Crypto Into a Massive Net Worth

Quinton (26) and Victoria (27) have built an incredible $883,000 net worth before age 30, including nearly half a million dollars in crypto. But with a new baby, ambitious financial goals, and a savings rate most investors can only dream of, Brian and Bo explore whether they're building wealth the right way—or sacrificing too much along the journey. From Bitcoin and Roth IRAs to homeownership, financial independence, money mindset, and finding balance between saving and living, this episode is packed with lessons for anyone serious about investing, retirement planning, and building long-term wealth. ⁠⁠⁠⁠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.

• 0:01Speaker 00

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• 0:27Speaker 01

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• 0:56Speaker 02

  You go from nothing, nothing, nothing. I can do this because I come from nothing. And then give me the best. I've been chasing numbers, looking for like a feeling. But yeah, you don't really get the feeling. When I saved my first 10,000 was like the best feeling in my life. Like when I had 100,000, I was just like, oh, well, it's only 100,000. When we had like quarter million, it's like, oh, we only have a quarter million.

• 1:12Speaker 03

  There is no point in getting to 60, 65, 70 years old with tens of millions of dollars and no memories up until that point. No experiences up until that point. No fulfillment up until that point.

• 1:29Speaker 04

  We're originally from San Diego, California.

• 1:31Speaker 03

  Both of you?

• 1:32Speaker 04

  Yes. Yeah, so I guess we should start out with that. We have been together for 10 years.

• 1:38Speaker 03

  Let's go.

• 1:39Speaker 04

  We're high school sweethearts. We met in high school and then have been together ever since. And that's kind of where our journey started. We've been through a lot together, but I think that's what has brought us to the position we are right now.

• 1:53Speaker 03

  Same college?

• 1:54Speaker 04

  No, so I went to Menlo College, which is in the Bay Area, Atherton, if you're familiar with it.

• 2:01Speaker 03

  I've heard of it.

• 2:01Speaker 04

  Yeah, I've got my accounting degree there.

• 2:03Speaker 02

  Oh, yeah.

• 2:04Speaker 03

  Are you an accountant? Is that what you do for a living?

• 2:06Speaker 04

  Yes. Nice.

• 2:07Speaker 03

  They pick a guest for you. CPA, let's go.

• 2:11Brian Preston?

  They loaded the deck for me.

• 2:12Speaker 04

  He likes to throw that in there.

• 2:13Brian Preston?

  Good decision maker. I love that. I was calling her CPA before she was a CPA. I just thought, I thought it was an interchangeable term. I was like, yeah, she's a CPA. She's like, I don't have my license yet.

• 2:22Speaker 04

  Yeah, so I actually played softball in college as well. So I was an athlete growing up. Yeah.

• 2:27Brian Preston?

  Okay. You said that. I know she looked at Bo when you said that. Nobody, nobody ever, you looked at me for the CPA, softball, you threw out. So the jock love is right there. I get it. I understand.

• 2:38Speaker 03

  All right. So collegiate athlete, CPA, and you do accounting now? Is that it?

• 2:42Speaker 04

  Yes, I work for a firm. We have offices in San Diego, Oregon, and a couple other states, but I work remotely in Phoenix because that's where we're residing.

• 2:52Speaker 03

  And how long have you been with that firm?

• 2:54Speaker 04

  Almost five years. Five years will be in September.

• 2:57Speaker 03

  Then what do you do? Are you tax?

• 2:59Speaker 04

  Tax.

• 3:00Speaker 03

  Okay, awesome. So you like do tax prep? Like that's what you?

• 3:02Speaker 04

  Yes, yeah. And I think we do a majority of like business returns, but we do have our individuals, like our high net worth individuals that the K1s flow to that we prepare. So.

• 3:15Speaker 03

  I feel like I gotta sit up now and like really be accused of calling on something.

• 3:20Brian Preston?

  What's funny is right before we came in here, Bo and I were approving a business return with K1s right before we showed up. So.

• 3:27Speaker 03

  Awesome. Okay. And so you went to a different college? Didn't go to Menlo?

• 3:30Speaker 02

  Yeah. So I went to a small community college in San Diego, California. I went there for two years, ended up dropping out. I started working at UPS. So worked at UPS for about five years. And then I made a job change. That's the reason we moved to Phoenix. And I started getting into roofing sales.

• 3:48Speaker 03

  Roofing sale, like working for a roofing company, going out and saying, I love that.

• 3:52Speaker 02

  Yeah, going out, running appointments, seeing if there's damage on the roofs, and then essentially either going through the insurance process or selling them a new roof.

• 4:00Speaker 03

  A sales position, right?

• 4:02Speaker 02

  Sales, yeah.

• 4:03Speaker 03

  Were you doing sales for UPS? What were you doing for UPS?

• 4:06Speaker 02

  No, no, I was a loader and then a driver. So two completely different. But when I worked at UPS, when you're in the warehouse, you always want to be a driver. Right? So I was always wanting to be a driver and then you get to be a driver and it's like, it's not what it's all made out to be. So I had a friend out here doing sales and I was all on YouTube, looking everything and it was like sales, sales, sales. So I was like, let me just come out to Phoenix and try it out. And I tried it out and I liked it and then I moved our family out here.

• 4:32Speaker 03

  And how long have you been doing roofing sales?

• 4:34Speaker 02

  Three years now.

• 4:34Speaker 03

  So, okay, so here you guys are now. You graduate, you've got your jobs, you're in these vocations, you're, are you married?

• 4:42Speaker 02

  Married.

• 4:42Speaker 04

  Yes, we are. We got married August of 2024.

• 4:46Speaker 03

  Family, any kids, any of that stuff going on?

• 4:48Speaker 04

  We have a six month old, almost seventh month old.

• 4:50Speaker 03

  Oh, it's like brand new. Like y'all are brand new.

• 4:53Brian Preston?

  By the way, the picture that they put on y'all's profile for us was actually the announcement, I think, because y'all are holding up the jersey.

• 4:59Speaker 04

  Oh, yeah, yeah, yeah.

• 5:01Brian Preston?

  Really cool. So then when I got to see the notes that there was actually a baby on the scene, it was kind of like seeing the full story there.

• 5:07Speaker 03

  All right, give us, give us, like, what's it like being parents, right? Like you guys are still in a brand new phase. What's, tell everybody what it's like.

• 5:14Speaker 04

  It's an adjustment for sure at first. And I think we've kind of gotten to the groove of things, you know, now that he's like six months old. But definitely it was an adjustment at first. But yeah, he's, he's amazing. We're so in love with him and we miss him a lot. So he's with his grandparents right now.

• 5:29Brian Preston?

  This is the first trip away?

• 5:30Speaker 04

  Yes, it is.

• 5:32Brian Preston?

  This is not the first time this has happened.

• 5:34Speaker 03

  That makes it, thank you for being willing to come hang out with us to do this. That's huge.

• 5:39Speaker 04

  We wouldn't have missed out on that opportunity. So we're super excited.

• 5:42Speaker 02

  Yeah, we, yeah, we watch you guys all the time.

• 5:44Brian Preston?

  Do y'all both watch or is one a drag along?

• 5:47Speaker 04

  He was the one that introduced me.

• 5:49Speaker 02

  Okay, but now it's like a date night thing.

• 5:57Speaker 02

  Cause I used to watch him. Now she'll get mad at me. She's like,

• 5:59Speaker 04

  Don't watch it.

• 6:00Speaker 02

  Yeah, don't watch it down there. She's like, she has my YouTube account. She's like, you're halfway through. Like, we haven't watched. It's like, oh, sorry. Like, I couldn't help it.

• 6:07Speaker 03

  Well, okay, so you guys, you were kind enough to share a net worth statement with us and you are in a fantastic.

• 6:13Brian Preston?

  Wowzer.

• 6:14Speaker 03

  How old are each of you now?

• 6:15Speaker 04

  I am 27.

• 6:17Speaker 03

  27.

• 6:17Speaker 02

  I'm 26 as of like five days ago.

• 6:19Speaker 03

  All right, happy birthday.

• 6:21Brian Preston?

  Do you see y'all's net worth?

• 6:22Speaker 03

  27, 26, $883,000 net worth. Almost millionaires here in your mid twenties.

• 6:30Brian Preston?

  And do you see, I mean, man, oh man, when did we get into crypto?

• 6:36Speaker 03

  I was gonna wait, I was gonna wait to get there.

• 6:38Brian Preston?

  Come on, immediately, when we see that y'all are worth, you're in your twenties and you're worth almost a million dollars and then I'm like, where, let's figure out the big account. And then I see, I see that half of this is, is coming through crypto.

• 6:52Speaker 03

  Yeah.

• 6:52Brian Preston?

  There's a story there.

• 6:54Speaker 02

  Yeah, early, yeah, we got in early.

• 6:57Speaker 02

  My first experience with crypto was like 2015.

• 6:59Speaker 03

  Oh, wow.

• 7:01Speaker 02

  And it was Bitcoin, most of that on there is like Bitcoin and Ethereum, I don't really like dabble after that. I went and it was like eighty dollars and back then to buy Bitcoin, you used to have to go on like a forum. And because there's no exchanges, I don't know if you guys buy Bitcoin now or like crypto, but you could buy it on Robinhood, it's on exchanges, you could buy however you want.

• 7:19Speaker 03

  Was it that way back then?

• 7:20Speaker 02

  No, like 2015, you'd have to go on a forum and somebody would be like, send me a Starbucks gift card or something, and he would like, go to the store, scratch it off, take a picture, send it to him. And so I got eighty dollars worth of Bitcoin, or a hundred dollars worth of Bitcoin. I think it was like sixty dollars left over. And then 2018, everybody was like talking about Bitcoin, like everybody's like, oh dude, this is going crazy. And I was like, dude, I think I have some of this. And they're like, no, it's new, like it's brand new. I was like, no, I think I have some of this. When I checked my account, I went up to like eight thousand dollars off of like the twenty.

• 7:52Speaker 03

  From like sixty bucks?

• 7:52Speaker 02

  From like, it was probably like twenty or forty bucks left over and this is like 2018. And that was like the first experience where I got like hooked into like, not just crypto, but investing, because that was the first time I saw like my money make money.

• 8:04Speaker 03

  Right.

• 8:04Speaker 02

  And then after that, I just dove in, I was like, okay, I'm sold. I, I just got sold.

• 8:09Speaker 03

  All right, but tell us, what does, what does that mean, what's dove into crypto means? So you got this, like what?

• 8:12Speaker 04

  Yeah, I would say I was a little skeptical at first, but I think in 2020 is when we like fully dove in, I think that was like a weird time, but it was like where crypto was, I think at its lowest or?

• 8:24Speaker 02

  Yeah, it was super low.

• 8:26Speaker 04

  Compared to where it had been and he was just like, let's just invest, let's just invest.

• 8:31Speaker 03

  So like, how are you doing it? Like, are you like buying bits and pieces of it through time? Are you waiting for the price to go down and you would buy in? Like, how are you?

• 8:38Speaker 02

  At that point, it was literally, like, I would call her, I'd be working, I was working in the hub at that time. So I'd be working at like 6pm to 11. I would just call her and I'd be like, how much money is? Cause we combined finances early before we ever got married. So.

• 8:50Speaker 04

  Yeah, we started early.

• 8:51Speaker 03

  It's bold stuff.

• 8:53Speaker 04

  Yeah, we did. But it was like that since like we started dating, like, we never worried about like, oh, let me pay you back for this. Or any of that. Like, we just kind of enjoyed our time. Like, whatever we had, we, he would save up trash can, like, the cans go to recycling. We'd save up together, make our summers, like, go to the fair and like, that's how we did it. So we just always from the beginning combined. So that's kind of like why he's like, oh, call and.

• 9:17Speaker 02

  Yeah, I would just call her at work and I'd be like, like, babe, do you see the price of Bitcoin? Invest now. And she's like, what are you talking about? Like, how much money is in the account? She's like, $2,000. I'm like, put, put a thousand dollars in.

• 9:28Speaker 03

  Oh, wow. So you were like, everything you had.

• 9:31Speaker 02

  Yeah, we were just doing, but not just Bitcoin, also like stocks as well.

• 9:34Speaker 04

  That's when we started, I think, in 2020 with the stocks. Cause everything was like down at that time, you know?

• 9:41Speaker 02

  I'd say crypto like 2018, 2019, but with stocks like 2020.

• 9:44Brian Preston?

  So of this 400, have you turned any of this into liquidity? Like, or have you just kept it?

• 9:51Speaker 03

  Have you ever sold any crypto?

• 9:52Speaker 02

  No.

• 9:52Speaker 04

  No.

• 9:53Speaker 02

  Okay. Oh, only for losses. Cause obviously in the beginning, when you start seeing like, I fell into the trap a little bit of like, thinking all crypto is gonna go up. So some of the ones that went down, I would sell them because I realized like, hey, look, it's never gonna go back up. So I've realized some losses over time, but I've never realized any of the gains.

• 10:09Speaker 03

  Okay.

• 10:09Speaker 04

  Yeah.

• 10:09Speaker 03

  So this crypto, so.

• 10:10Speaker 04

  We've never touched it really.

• 10:12Speaker 03

  If you had to guess of this $443,000 of crypto that you have, how much of that is like money you've put in? Like, what's the basis in there?

• 10:20Speaker 04

  I don't even know. He would have to.

• 10:22Speaker 02

  Like, honestly, probably not more than like 40 to 50,000.

• 10:25Brian Preston?

  Yeah.

• 10:26Speaker 03

  Oh, wow.

• 10:26Brian Preston?

  Yeah. I mean, the, the date you're giving me, that makes sense. And that's what, I mean, it's one of those things when people ask us about crypto.

• 10:35Brian Preston?

  I think now, looking back in retrospect, we're like, yeah, we'd all like to have bought because we've heard, we even had Humphrey Yang was on and he shared that, what was it, a pizza transaction or something? Getting in that early adopter status, there's obviously been some huge rewards. The thing I worry about, and y'all know, I've been very vocal, because I dabbled for about two years with it. And it's just the volatility was just something I was not, it felt outside of investing it. Because it was just, even right now, I mean, today it's down 4%, you know, and for the last month, it's down like 25%. That's just not normal for things to-

• 11:11Speaker 02

  Swing that way.

• 11:12Brian Preston?

  Yeah, it just feels different. So that's the only thing that scares me a little bit for you guys is because you've, you've won the game in some aspects to being in your twenties, have this big of a net worth. Now, I'm not saying get rid of it all, but I am saying there's a portion that maybe we look at your goals, in a minute, we're going to do some questions, and then we figure out if any portion of this should kind of help accelerate y'all's journey into some of these other goals.

• 11:39Speaker 03

  I'm curious just to hear what your strategy with it is. Are you actively buying more? Have you thought about when you might sell? What are your trigger points? Like, how are you, as a crypto investor, how are you approaching it strategically?

• 11:50Speaker 02

  So not, I didn't buy for a while. Like, I'm not, from like, Q4 of the post-having year, which was like, last October, November, December, I probably haven't bought, but I'm not gonna lie, I did buy some this morning because I saw that it was 4% down.

• 12:03Speaker 04

  Yeah, he was like transferring money. I was like, what are you transferring money for? And then he's like, Bitcoin. I'm like, alright.

• 12:09Speaker 02

  Because it's at a price that's like undeniable right now. So I did buy some today, but our goal long-term, we're gonna take such a tax hit if we were to just sell it, but there's a lot of places like JP Morgan Chase, Bank of America, where you can actually use it as collateral and borrow against it. But I don't really see it as we need that money right now. So when we do end up needing it, maybe borrowing against it, or there's some strategy there, but not 100% sure.

• 12:31Speaker 03

  If we think about your total liquid net worth, $720,000, and a vast majority of that, a big chunk of that is in Bitcoin. Is there, or I'm sorry, in crypto, not specifically Bitcoin. Is there a, as your portfolio continues to grow, because in a moment, we're going to talk about savings and where you allocate. Like this morning, just out of curiosity. When you bought more Bitcoin, how much did you buy?

• 12:51Speaker 02

  Only $2,000.

• 12:52Speaker 03

  Okay, so we're not, like, big, big chunks at it. Relative to the total portfolio. Got it, okay. So, when it comes to your, I'm going to call your normal saving, like, you're like, walk us through how you guys. Because you, even if we remove the Bitcoin from the, oh, the crypto from the equation.

• 13:06Brian Preston?

  They're still doing really well.

• 13:08Speaker 03

  It's still really impressive.

• 13:09Brian Preston?

  You guys are crushing.

• 13:10Speaker 04

  I almost like, don't, I pretend it's not there.

• 13:12Brian Preston?

  Yeah, I can get, I can understand that.

• 13:14Speaker 04

  Yeah, I try not to like, I mean, I don't think about it as much as he does. So like, I just don't even know it's like there, it's like, oh, like.

• 13:21Brian Preston?

  And that, that shows, I mean, because even y'all's, y'all's cash is pretty frothy. I was going to ask y'all some questions about that in a minute. But I kind of wanted to get more of a feel for what y'all are building here.

• 13:33Speaker 04

  Okay.

• 13:33Speaker 03

  So walk us through, with your, like, normal savings, like, consistent, what are you guys doing?

• 13:39Speaker 02

  Like, percentage-wise?

• 13:40Speaker 03

  Yeah, yeah, like, how much are you saving and what accounts is that flowing to?

• 13:43Speaker 02

  Yeah, so, what we kind of do are, we're a little messy. I'm not gonna lie, we're a little messy.

• 13:47Speaker 03

  He's nervous that we're going to get eyes to him. You see, he's like, he's like.

• 13:51Brian Preston?

  I wasn't saying they're, they're, they're messy, but I see Victoria gets a little sly smile. I'm wondering, are they both messy, or is this just, is this just the?

• 14:00Speaker 02

  Yeah, so, we don't really have a percent that we save. The way we do it is, I tell her, we max out all our retirement accounts every month. So it's like, whatever would be to max out for the full year, we, we put that in monthly. And then for the rest, I had this notion in my mind, I could time the market. I was like, oh yeah, the market's going to go down, like, talking about the stock market. So that's why I was saving up, because usually we would just invest everything that's left over. But since that, uh, um, we couldn't, because I was like, the market's at an all-time high. So we're not going to use it, we're not going to use it. And then it kind of just kept stacking, stacking, stacking, stacking, until the point we're at now.

• 14:33Speaker 03

  The problem with the market's all-time high, you know what normally happens shortly after that? It's another all-time high.

• 14:38Speaker 02

  Yeah.

• 14:38Speaker 03

  It's another all-time high, and it's, and you end up waiting on the sidelines with

• 14:42Speaker 02

  Exactly.

• 14:42Speaker 03

  tons of excess capital that really hasn't been working for you.

• 14:45Speaker 02

  Yeah.

• 14:45Speaker 03

  You say you max out retirement accounts, so is that like, uh, like 401? Both of you have access to 401ks?

• 14:50Speaker 04

  Yes, for my employer, for me specifically.

• 14:54Speaker 03

  So that's a 24,500 you're putting in there on an annual basis. And then Quentin, same thing for you?

• 14:59Speaker 02

  Yeah, I have a solo 401k, so I think I could do employee and employer. But I've just done employee.

• 15:05Brian Preston?

  So you treat it as a 1099?

• 15:07Speaker 04

  He's a LLC, yeah. Which I think we need to do some tax planning to do at S corp.

• 15:12Brian Preston?

  We had a huge hailstorm in this area last year, so.

• 15:15Speaker 02

  I was looking it up.

• 15:17Speaker 04

  He was like, I wonder how much.

• 15:19Brian Preston?

  Every house in my neighborhood has pretty much gotten a new roof in the last year. I mean, so business has been great, but I don't know if business will be that good this year, too. So is your income feast or famine, or is it pretty consistent?

• 15:32Speaker 02

  So this is my third year in it. Each year I've seen an increase, which I guess is a good thing.

• 15:38Speaker 03

  That's a good thing. Making more money this year than you did last year is generally a good thing. You should keep doing that.

• 15:44Speaker 02

  But it is all commission, so it is kind of feast or famine. But regardless, we have the opportunity to do like retail as well. So no matter what, you're getting monsoons in Arizona and people need roofs. If a roof's over, you know, 20, 30 years old, you're going to need to use it, whether it's insurance or if it's not insurance.

• 16:00Speaker 03

  What's your income looked like over the last three years? And then how are you currently structured? Because you, because again, you're the accountant, so I want to hear what you're thinking, right? You threw out S corp. How are you currently set up and what's the income trajectory looked like?

• 16:13Speaker 02

  Yeah, so last year, I think it was 85.

• 16:16Speaker 04

  85, just, I think gross.

• 16:18Speaker 02

  Gross.

• 16:19Speaker 04

  That he made. And then I recently got a promotion, so got an increase in my income there. But yeah, I would just say, I think every year we're planning on our income increasing, especially with his business.

• 16:37Speaker 02

  So this year, I'm on pace for 175, which is like a huge, like a huge jump from last year. But we did, like you said, we had one of the biggest hailstorms Phoenix has had in a certain area that we've been working. You just run in and gun in, run in and gun in, run in and gun in. So that's kind of transpiring over, because all those deals close out this year. So that's kind of been why I'm on pace for the 175 this year.

• 16:58Speaker 03

  And how are you currently structured? Are you just sole proprietor, 1099 coming in?

• 17:02Speaker 04

  Yeah, he is.

• 17:02Speaker 02

  LLC. Did you say single member LLC?

• 17:04Speaker 04

  Yeah.

• 17:05Speaker 03

  How'd you notice that up solo 401k?

• 17:06Speaker 02

  YouTube videos. Like, everything I've learned, like, ever has been off of YouTube. So I'll just, like, start Googling some stuff, like, YouTubing. I'll see a video like solo 401k. When I found out about it, I thought it was like a cheat code. Because. You can take the employee and do Roth, but if I want to do an employer, I could do like traditional, right? So then I could take money off both sides. So I thought that was like a cheat code. So, um, yeah, it was just YouTube videos. It might have been you guys, it might have been somebody else. I don't know. So.

• 17:33Speaker 03

  Love that. That's awesome. Okay. So when you guys are sitting here and thinking about like future financial goals, what is it you're working towards? Like, what are the, what are the questions you have? Or what are the things that you would like to have some insight on?

• 17:43Speaker 04

  Overall, I think we do want to have early on more flexibility and how we work and not like a strict nine to five or constantly working. I think when, I mean, it'd be nice in maybe 10 years or so to be kind of part-time and like work whenever I can, especially when we want to grow our family.

• 18:07Speaker 03

  Specifically you, like you go part-time 10 years from now?

• 18:10Speaker 04

  Yes. Yeah. Assuming like.

• 18:11Brian Preston?

  Is that within 10 years or in 10 years?

• 18:13Speaker 04

  In 10 years. Yeah. Here's a little funny thing, but I, uh, we didn't have a wedding. So we got married at the courthouse.

• 18:22Speaker 04

  We, uh, so that's just like, I mean, I'm not set on it, but it'd be nice in maybe like for our fifth year anniversary to have like a nice wedding, um, to re-know our vows and stuff. That's just a little fun bit.

• 18:35Speaker 03

  What's that look like from like a cost perspective and logistic perspective?

• 18:38Speaker 04

  That's a little scary because weddings are expensive, but, um, and I have a huge family. What would be your budget?

• 18:46Brian Preston?

  How many people?

• 18:47Speaker 04

  Close to 200.

• 18:48Brian Preston?

  Oh, wow. Okay. So that is a big family.

• 18:50Speaker 04

  Yeah.

• 18:51Brian Preston?

  Cause it's like if you invite this family, you gotta invite that family, this person, that person. We had a recent guess and, and I even gave that type of sound on 150. So hearing 200, like woo.

• 19:01Speaker 03

  And I'm assuming for you guys to do this like wedding, it's going to be on you guys to pay for. It's probably not like families that are gonna pay for this. Is that a safe assumption?

• 19:08Speaker 02

  We'd want to pay for it.

• 19:09Speaker 04

  Yeah, we would. Yeah.

• 19:10Speaker 03

  Okay. So what's it cost to have a 200-person party?

• 19:13Speaker 02

  I'm guessing at least like $50,000, right? Like.

• 19:15Speaker 04

  It probably depends on the location as well. I know in Mexico, you could probably get it a little cheaper, but.

• 19:21Speaker 03

  Are you thinking about doing it in Mexico?

• 19:22Speaker 04

  Yeah, it's a possibility. Yeah.

• 19:24Speaker 02

  I guess my questions would be more like technical. We're doing a lot into our retirement accounts. And some into our brokerage as well. So I was wondering if we should continue to ramp up. Like I said, I have, I can do employee year as well as employee. If I should just max out completely for that, or if that would be too much into retirement. If we're looking into not fire, like retire early. Like I still always want to work, but maybe to pull some of that out.

• 19:50Speaker 03

  So you said you're going 24 5 in each of your 41ks. Are you also doing Roth IRAs? You maxing out Roths?

• 19:55Speaker 02

  Roth IRAs and HSA as well.

• 19:58Speaker 03

  All right. Family for the HSA, the 87.

• 20:01Brian Preston?

  You know, obviously a lot of the, the loading up the retirements because of the huge tax benefits. Because y'all are, y'all are paying a decent sum of taxes probably as well. What's the need for the money that, because the problem with the retirement accounts is that you just, you lose access to it. So that's why the brokerage account gives you that, that bridge. But what are you thinking that y'all need money for? Like house down payments? What are the, the life needs over the next five to seven years?

• 20:25Speaker 03

  I know there's a 50,000 dollar part happening. I know that one. I got that one down.

• 20:29Speaker 02

  Yeah. And I think for me, I always look at things as like a deal. So I didn't, I've always been like, oh, I don't want a house because same type of thing I did with the markets. It's like, oh, it's high, like housing's high. I'd rather just rent. But I think down the line, like we do want a house.

• 20:41Speaker 04

  Yeah, we do.

• 20:43Speaker 02

  Or you want a house?

• 20:45Speaker 03

  You said, I think. She did not say, I think. She said, no, no, we do.

• 20:49Speaker 04

  Once we like start getting like growing our family, I think it'd be nice to have.

• 20:53Brian Preston?

  By the way, y'all are already growing your family. We have a six month old. So we're, we're, welcome to the journey. We're here.

• 20:59Speaker 03

  So have y'all talked about that as a couple? When do y'all want a house?

• 21:02Speaker 02

  We've talked about it. I could probably do a better job. I kind of just shut it, I shut it down a little bit, you know? Cause I'm like, it's not a good time or it's, I always see the videos where it's like, it's better to rent right now than to buy. You could save more money. So I kind of throw all that knowledge onto her. And she's just a trooper. She's just like, okay, if it's better, you know? But at the end of the day, that's one of our goals. I want to provide it. So.

• 21:23Speaker 03

  Well, is it, is homeownership a goal for you?

• 21:25Speaker 04

  Yes.

• 21:26Speaker 02

  Eventually. Yeah, eventually. I just don't know.

• 21:28Speaker 04

  Oh, for him.

• 21:30Brian Preston?

  I think we're seeing something like that. We're pretty locked in on you, Victoria.

• 21:33Speaker 03

  It is very much a goal. This is a little bit of a hot take that we have. When it comes to buying your primary residence. When it makes sense, it's it's way less of a financial decision than it is a life decision. Same way as it is with children, right? When it's when is when is the right financial time to have kids? It's not a financial answer, it's a life answer, right? Now, you want to make sure there are some financial metrics and parameters that you stay inside of when it comes to homeownership. But just because prices are high and interest rates are unfavorable, does not mean it might not make sense to purchase a home for you guys.

• 22:07Brian Preston?

  Yeah.

• 22:07Speaker 03

  Now, are have there been more attractive times? Perhaps.

• 22:10Speaker 04

  Yeah.

• 22:11Speaker 03

  But again, that's only looking at the financial aspect, not looking at like the the life aspect and where you guys want to be and set roots and establish.

• 22:18Brian Preston?

  How how nomadic are y'all? Are y'all locked into where you are in Arizona? Or is there a chance y'all are moving in the next five years? Five to seven years?

• 22:26Speaker 02

  There's definitely a huge chance we'd be moving.

• 22:27Speaker 04

  Yeah, we're pretty nomadic, I would say.

• 22:30Speaker 03

  We don't need to buy a house.

• 22:31Speaker 04

  Well, that's yeah. Well, I think it's more like we moved to we've lived our lives in San Diego. We've recently moved to Phoenix, right? For a job opportunity. We don't know like whether he's going to go into something else. Maybe there's another opportunity for him, so there is a chance. I think that's kind of what's why I'm like agreeing with him on the whole house thing is like, I don't want to just go into something not knowing whether we're going to be there long term. I mean, there's always the chance of like, you know, renting or if we end up moving, right?

• 23:00Speaker 02

  But long term, like a house is a goal. Like, I do want my family, I just don't think it's a rush. Because I think I don't want to rush into something and then be kind of like screwed over where it's like, we're stuck here or stuck in this house. I'd rather just like take our time with it, don't make an emotional decision. And then down the line, if you know, 10, 15 years, whatever it is, we want a house, then then great.

• 23:19Brian Preston?

  I was just curious, and you're because obviously you're using the universal skill of sales. That's how you've ended up doing the roof sales now. You've you've used that talent. Are you just in a job or are you in a career? Because that's that's the only thing that seems like it has a little bit of a question mark on it.

• 23:35Speaker 02

  Yeah, I feel like I'm in a career, but especially with the career that I'm in right now, you can move different places. Like, there is the chance, like, right now, we're in Phoenix, but even my company, we're branching out to Colorado. And then we're going to be opening up different branches as well, just because there's a lot of hail in Colorado. We're chasing, we're not storm chasing, but you do want to go to a place that gets hit with storms, right? So. We're not storm chasing, but we're storm chasing.

• 24:00Speaker 03

  Yeah, that's right.

• 24:01Speaker 02

  I'm locked in on the career, but the place I'm actually going to be working is completely, it could be working in Phoenix, I could be working in Colorado, could be working in Tennessee if they open up an office here.

• 24:11Brian Preston?

  I guess since there was something under the surface between you, but I think it's more of just the, there's a huge question mark on where you land. Cause what I was trying to figure out was that we couldn't tell if your job was at this or, but it sounds like it is, it's just the location might change on you.

• 24:26Speaker 04

  Yeah.

• 24:27Speaker 02

  I love what I do and I love sales. I want to stay in this industry for sure, especially roofing sales. Like it's a need that everybody needs.

• 24:33Speaker 03

  There's a house out there, and this is so hard to think about, but I want to think about how we think about like casting a plan and moving in a direction. When you guys think about houses, let's use Phoenix as an example. If you were going to buy a house in Phoenix right now, what's the price point of houses that you're looking at today?

• 24:47Speaker 02

  I've always been the guy where like, I'd wear, let's talk about shoes. Like I'd wear like beater shoes, like $5 shoes until I could get the shoes that I really, really want, and then I'd buy the most expensive shoes. I feel like I'm the same way with like the house where I'm like, dude, I'll just rent up until I get to the point where we can get the house like we really, really want. I don't like starter, I don't like starter homes or middle homes. I want like the home.

• 25:10Brian Preston?

  Can I introduce a concept to you? Have you ever heard of the hedonic treadmill?

• 25:13Speaker 02

  Never.

• 25:14Brian Preston?

  There's this whole thing on happiness and fulfillment is that, and this is where lottery winners get hosed because they do it all wrong. They think that they, they're going to find happiness in spending the money, not actually the journey.

• 25:25Speaker 02

  Yeah.

• 25:26Brian Preston?

  The way a lot of this all works is you do things incrementally, meaning that like you buy, when you buy your first nice car, and look, I'm going to use some horrible examples, but I'm just trying to tell a story here. Like, cause I'm thinking of some of my friends that I've seen in my life. Like you buy the two door, three series BMW because that's a, you know, you start hitting the, you know, lick with your money, you're making money, it's a cool car. You know, you buy that, it's only going to say, keep happiness for a certain period of time, but you didn't go buy, start, start with the seven series. You, you went with the three series or you didn't start with a Range Rover, you started with a two door, you know, three series. So.

• 26:07Brian Preston?

  There was, you enjoy the journey up as you're buying. It's just like you buy the starter home and then now, well, we're not counting on, look, I want to tell you, there's a fault to this. There's an asterisk I have to put because nobody counted on interest rates to do what they're doing and affordability is messed up right now. So you don't get to do the normal stair step that you're supposed to. But I'm just telling you, there's something about the, the human experience that you get to do something a little nicer because it's not gonna last. I will tell you, it's all fleeting. It's temporary on how long you enjoy the things you do. So that's why you at least have somewhere to go up. That's why you also have to be careful about spoiling your kids because if you give your kids here, when they get out of college, they go back down to here and they're like,

• 26:51Brian Preston?

  what the heck happened? And that's why you always have to be mindful of where you are in this, this journey. Cause you sound like you go from, I'll do nothing, nothing, nothing. And then let me only eat steak. You know, you, you know, it's like hamburger helper, hamburger helper, hamburger helper. And then you go steak and you skip all the other stuff in between, you know, and that's.

• 27:10Speaker 04

  That's pretty accurate, actually.

• 27:12Brian Preston?

  I would love for you to discover kind of the journey because then it gives you just more stops on the way to celebrate. I can already tell y'all have some achiever mentalities and you set goals for yourself. The problem with achiever mentality in some ways is we're playing to win a game.

• 27:28Speaker 02

  That's exactly.

• 27:29Brian Preston?

  And you're not playing, there's, you're not actually in a game. You have goals and mile markers. If you play to win a game, you're going to get to what you think the game is at in the future. You're gonna get there and find out it's empty. And that is a scary, scary thing. Cause I, believe me, it gets heavy when you realize, hey, cause maybe your numbers, I'm gonna save until I get to five or seven million dollars. You go get there and be like, I don't feel any different. So you have to understand that your mile markers are the goals, but you're on a journey. You're not winning a game.

• 28:00Speaker 04

  Yeah.

• 28:00Speaker 02

  Yeah, I've experienced that for sure.

• 28:02Speaker 04

  Yeah, I think that's great advice, but I think the reason he has that mindset is kind of like his background of where he came from.

• 28:08Brian Preston?

  Well, share more. He probably is not gonna tell us. So you tell us. And we know y'all have been together for a long time.

• 28:13Speaker 04

  Yeah, I would start with me. I grew up like middle class. Um, I know we probably struggled and my parents never as kids let us see that. And so I kind of got both of my, my mom is very not spender. She's a finance, she's a controller. So that's kind of where I got the accounting background from.

• 28:27Brian Preston?

  Oh, literally, that's your job?

• 28:28Speaker 04

  Yeah, yeah, yeah.

• 28:29Brian Preston?

  I thought you were just describing her.

• 28:30Speaker 04

  No, no, no.

• 28:31Brian Preston?

  No, no, she's literally, that's your living.

• 28:32Speaker 04

  She's a controller.

• 28:33Brian Preston?

  I got it.

• 28:34Speaker 04

  Yeah, so she's more the financial person where my dad is like, you know, God's gonna always provide for us. So we're always gonna have the money. He's not really worried about the money. So I think I got both aspects where I'm, I don't like to spend, but I also am like not worried about the money.

• 28:49Speaker 03

  You don't overly focus on it.

• 28:50Speaker 04

  Yeah, I'm not like fixated on the money. Whereas, so when we met, like, he didn't always have money growing up. He came from a completely different situation from me. To see where he is now is like amazing. And it's like he did it all on his own. So.

• 29:04Speaker 02

  A lot of scarcity mindset, like for sure, back then. Just because you never knew, like it was always like prominent, like you knew you didn't have money. Like there's some people that grow up like poor where it's like they hide it, you know?

• 29:16Speaker 03

  Know that you're poor, but then there's the poor that grows up poor and you knew you were poor.

• 29:19Speaker 02

  Yeah, it was in my face for sure. So then I just like, I had this like different outlook on money. Like I thought it was like this end all be all, like hoard it all, like keep it. That kind of gave me like a bad relationship with money. So I'm kind of trying to like outgrow that. Like even when I look at this, like when you were talking about chasing that, I've been chasing numbers, looking for like a feeling, but yeah, you don't really get the feeling. You know, it's just like you chase like more numbers, more numbers, more numbers. Even like I told myself, like when I saved my first 10,000 was like the best feeling in my life. Like when I had a hundred thousand, I was just like, oh, well, it's only a hundred thousand. Well, we had like quarter mill, I was like, oh, we only have a quarter mill. And I know that sounds like probably to people, it's like, dude, that's very ungrateful. But that's just like my situation with money.

• 29:59Speaker 03

  Well, how much you need more?

• 30:01Speaker 02

  More, yeah, exactly.

• 30:02Speaker 03

  How much you need more?

• 30:02Speaker 02

  Yeah, because I'm not.

• 30:03Speaker 03

  I don't think you're uncommon in that. I don't think you're uncommon in that, especially from some, someone who comes from like very humble background.

• 30:09Speaker 04

  Yeah, for sure.

• 30:09Speaker 03

  It is a reality that, okay, I don't know, I don't, I was there, I never want to go back there. I'm gonna do everything in my, in my power to move in the opposite direction. And that's a testament to why you are in such a wonderful spot. But I do think if you're not careful, you do end up chasing, chasing a goal that shouldn't be the goal. And the goal should be, okay, what do we ultimately want the money to do for us?

• 30:28Speaker 04

  Right.

• 30:29Speaker 03

  That's why like some of the questioning is like, okay, well, when, when do you want a house? What do you, when do you want to grow the family? What are the goals you're working towards? Because the way it looks right now, and if you guys have done this, you can go to moneyguide.com/resources, play the wealth multiplier.

• 30:42Speaker 04

  Yes.

• 30:42Speaker 03

  And if all you did was take $719,000 and you were to drop it into our wealth multiplier for a 26 and 27 year old, you can see without doing anything else, you're probably well on your way to tens of millions of dollars by the time that you retire. So you've done so much good work and I'm such a head start. It's gonna be really hard to screw it up. So the question becomes, okay, well, how do we do this really well? How do we just, because there is no point in getting to 60, 65, 70 years old with tens of millions of dollars and no memories up until that point. No experiences up until that point, no fulfillment up until that point. And I think that's gonna be the bigger risk that you guys are gonna have.

• 31:22Brian Preston?

  What do y'all do for fun?

• 31:25Speaker 00

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• 32:22Brian Preston?

  Pickleball?

• 32:24Speaker 03

  You've never played pickleball?

• 32:25Brian Preston?

  No, but that's a good answer. I mean, because that's, but keep going. What other things do y'all do for fun?

• 32:30Speaker 03

  It seems like you might work out. I don't know. You work out? It seems like a thing that maybe you do. I don't know.

• 32:37Brian Preston?

  Game, y'all looking at each other? Does he have a little back hop or something over here?

• 32:42Speaker 03

  Thing, right?

• 32:42Brian Preston?

  I'm good. Yeah, workout, pickleball, outdoor stuff. So workout, pickleball, tennis, things of that nature.

• 32:49Speaker 04

  I would say too, like prior to the baby, we loved traveling. We love experiencing things together. So we're not really like materialistic. We're, oh, I want this new bag or I want this new outfit. We're pretty like basic on that. We like experiences.

• 33:07Speaker 03

  Spending money on the even experience, do you have a hard time spending money on those things?

• 33:10Speaker 04

  Not really.

• 33:11Speaker 02

  Not experiences, but definitely like items like we'll, we'll wear the same thing like forever. Like it doesn't matter like towels, this, that, like I literally, we just started going. We're like, okay, let's look at this Lululemon. Everybody's talking about it, you know, like everybody's talking about it. So like we'll go and we'll, but like we're just now getting into like, okay, we can start spending money. But before it was just all like chasing freedom. So like when we got the ability, cause she would always clean the house, but when we got the ability, it's like, okay, cool. Let's get a home cleaner.

• 33:40Speaker 04

  Yeah, we love convenience as well.

• 33:42Speaker 02

  Convenience.

• 33:43Speaker 03

  Any anxiety around that, like hiring someone to offload that service? Was that a hard decision for y'all to make or was it pretty easy to make that decision?

• 33:50Speaker 04

  I think because the position that we're at and like I, with a baby, I cannot do it. Um, and we need our home clean. So it was kind of like, okay, well we can do this. Um, so we decided to hire someone.

• 34:05Speaker 02

  Yeah. At first, at first I'm always the guy that's like, I don't, I don't think we should do it. Like I just always, that's like, it's easier for me to say no, think about it and then say yes.

• 34:14Speaker 03

  So you always default to no?

• 34:15Speaker 02

  I always default to no. Like whatever it is, I just always say no. And then, or like if she's like, let's take a trip to San Diego, see our, our family. I'm always like, we can't do that. And then it'll be like the day before and I'm like, oh, let's just go for Christmas.

• 34:27Speaker 04

  Which I don't like.

• 34:28Speaker 02

  I have to like say no, and then I think about it, think about it, think about it. And then if I've done all the research in my head, then it's like, okay, cool.

• 34:35Speaker 03

  Is that for friction?

• 34:36Speaker 02

  Purchase.

• 34:36Speaker 04

  I would say friction in a way to where like, I like knowing what's going on. I don't like just spur of the moment. Um, I like to plan for it. That's the only way.

• 34:45Speaker 03

  Accounting, it seems like that would be the.

• 34:48Speaker 02

  Accounting versus sales.

• 34:50Speaker 04

  Yeah, no, for sure. Completely different. I think we're really different personality wise, but we also work really well together.

• 34:58Brian Preston?

  It's like yin yang. It works for most of our relationship.

• 35:01Speaker 02

  And we grew up together.

• 35:02Speaker 04

  Yeah, we did. We essentially grew up together. That also helps.

• 35:05Speaker 02

  Like we, we essentially raised each other, if you think about it. So like all my habits, all her habits, we kind of like got into it together. So yeah, it works.

• 35:13Brian Preston?

  Any, if money was just not anything you had to think about, is there anything that y'all aren't doing that would create more happiness?

• 35:23Speaker 04

  That's a great question.

• 35:25Speaker 02

  I think so, yeah.

• 35:26Speaker 03

  What is it? What would you do?

• 35:27Speaker 02

  I would see family a lot more. Good there in San Diego. We're in Phoenix. See family a lot more, a lot more convenience things. Like, we got a home cleaner. But I think it'd be cool to like, get lessons and some things. Like, I'm a very recreational tennis player. I'm not good, but I think tennis lessons would be cool. Like, it would all be around what I do now, but I'd want like, a trainer for it. Like, even like, mobility. Like, get a mobility person. I'd wanna go get massages more often. Or like, we go to the spa. Like, things like that where now I'm always like, dude, I need a massage. But I'm like, that's like $200. Like, I don't wanna do that. So, more like convenience things.

• 36:00Speaker 03

  You feel like you can't afford those things?

• 36:02Speaker 04

  Um, I feel like we can, but we just like, choose to do it wisely in a way. Where like, we'll like, get one every...

• 36:11Speaker 02

  Six months.

• 36:12Speaker 04

  I guess, six months or something. But I think, we're like, super health and wellness too. Uh, we like to take care of ourselves. And I guess, sometimes that can be a little expensive. With like, massages and buying like, the organic food and making sure the ingredients are really good for our bodies, especially these days. You don't know what's in your food. But, yeah. And I would just piggyback off him. Like, I do miss being home, my family. I grew up around all my family. So that's kind of like, one thing. Like, it's a little, I guess, hard to grow up. Like, especially with my son now. Like, not being always around family. Whereas like, growing up, your aunts, your uncles, your grandma and grandpa like, are all there. Like,

• 36:54Speaker 04

  and you see each other like, almost every day. So, I think that's also one thing that we have to maybe eventually see if we want to go back to California. But if it's not in the cards, you know, it's okay.

• 37:06Speaker 03

  But why don't y'all do this? Like, why don't you do the massages more often? Go see the family more often? Go travel?

• 37:14Speaker 02

  I get caught up in like, the money will be better here. Like, oh, well, $200 in the S and P 500, 10% compound, like CAGR, is going to be, you know? So I'm just like, oh, well, one day when we have the ability and there's this amount of money in the account, then I'll do those things. Like, I've always done that. It's like, once we hit this number... Then I'll get massages or once we hit this number, we'll start it because we used to never eat out even like it was like. Uh, we only cook our meals, um, but now we've been starting to eat out a little bit more. But even then, like, I would love to get like locally sourced, um, like organic somewhere like local to us and then just go eat food every day. Like, hey, we get our breakfast here every day, but in my head, I'm like, well, that's if we make breakfast, it's like $10 or $8 for both of us.

• 37:57Speaker 02

  We go out, it's like $40, that extra money, we could just invest it or say like, so my, my brain automatically goes to that.

• 38:03Brian Preston?

  In the beginning of the journey, deferred gratification, discipline is the most important first ingredient. But the thing is, y'all have already shown it. You've already done it. And, um, the thing I, this is why you have to be careful of the, there's a very final line between being a financial mutant and being a financial miser. And I'm gonna go ahead and ruin life for you is, um, I've been to the top of the mountain. I can afford to buy anything and everything I want. And what's actually important, and you realize once you get to the top of the mountain, you guys talking about family. Cause if you do any research on what creates happiness and fulfillment, it's your relationship with your spouse. It's your relationship with the family. I know everybody's watching this could be like, yeah, it's easy to say when you, I'm telling you, top of the mountain here.

• 38:47Brian Preston?

  It's who you spend your time with, it's who your family, and it's the little things. It's the, the morning walks for me, listening to the birds and the trees and trying to make sure you get inside yourself to say. This creates this, I'm happy with this is because it's the little things, because if you only do big focus on. Get to 5 million, 10 million or whatever, you're gonna find out it's so empty and it's not what you're designed for in a lot of ways. And I know that's, it's so, cause you come from a scarcity and I deal with this with Bo, cause Bo was, you and Bo are very similar. And the fact that I think Bo was probably trying to prove to a lot of people, he was good enough from, for a long time. And I've had to, you know. Essentially try to help mentor you in some ways to slow down, deep breath in, enjoy what

• 39:32Brian Preston?

  you got, because you're gonna wake up one day and be my age. I mean, it just happens. I don't, I didn't plan to be this age in the past. It just kinda happens. And that's why I'm just, y'all, you have done, you're already way ahead of the curve. So I'm here, and that's what a lot of people think financial advisors tell everybody, no, because your default is no. And no, no is a powerful tool. I like it. But it's supposed to be a tool that allows you to own your time that much sooner to get back to doing those things that are truly fulfilling, which is her, the family, the memories and all that stuff. It troubles me a little bit that your default, even on those things that are so healthy and so nourishing to your happiness and fulfillment, you, you

• 40:15Brian Preston?

  put up some, some roadblocks on that. And that's, that's a mindset thing. You've got the hard part, the tool of money, but now we've just gotta work on the coaching of the mindset. And that's what, go do the massages, go get the stretch labs and all the other things that do that stuff. But then I'd love to know what you want to do too. I mean, what else, but house cleaning sounded like it was great. Anything else that we should be checking the boxes on to make sure you're feeling like you're getting all of your stuff too?

• 40:43Speaker 04

  Honestly, I feel like we're pretty similar in our interests.

• 40:47Brian Preston?

  Y'all go do couples massages.

• 40:48Speaker 04

  Yeah, that's why.

• 40:48Brian Preston?

  Oh, couples massages. This is my wife and I had this discussion. We were down in Florida, and she, and she goes, let's go get a massage. And she immediately, because we're, we're an Orlando property, she starts looking at massages at the Grand Feridion. And I'm like, uh-uh. I was like, we can go get somebody to rub on us for a heck of a lot cheaper than going to the Grand Feridion. So I went on Yelp and found a perfectly good place. And it was, and it was probably, it was half the price. It was half the price for sure. So there is a better way to do money, that you can still get all the fulfillment of the memory without having to go.

• 41:25Speaker 04

  The lavish.

• 41:25Brian Preston?

  You don't have to do hamburger, you don't have to do hamburger helper anymore. You graduated. But you don't always have to do the filet either.

• 41:31Speaker 03

  Well, and I think one of the things, obviously, it seems like you're, you're sort of like rules based and rules. Driven in terms of how you operate.

• 41:38Speaker 04

  Yeah.

• 41:38Speaker 03

  I should did some math. If you're both maxing out your 401ks, your maxing out your Roth IRAs, you're doing the HSA. That's like seventy two, seventy three thousand dollars a year that you're saving sort of automatically systematically.

• 41:47Speaker 04

  Yeah.

• 41:48Speaker 03

  On a two hundred and sixteen thousand dollar household income, that's like a thirty four percent savings rate. I never want to say over saving because perhaps you're saving the right. But we tell people, hey, save twenty five percent, save twenty five percent. You realize if you just had an extra ten percent back that you weren't saving on two hundred and sixteen, that's like an extra twenty one thousand dollars. That's almost two grand a month. Imagine if you had an extra two grand a month to go travel to see your family, to go create memories, to do those things. Now, that's not a prescription or recipe to go find ways to spend that money. But you are no longer, uh, it, sometimes we gotta sit across from people and say, hey, you're not doing enough. You need to do more. You're not doing enough. You need to do more. You guys may potentially possibly be doing too much and it would be okay to take your foot off the gas a little bit.

• 42:33Speaker 03

  So that you can make room for some of these other things.

• 42:36Speaker 04

  That sounds awesome. And I think that was one of our questions too, because I feel like, uh, he was saying that we might have a lot of like cash sitting. So.

• 42:43Speaker 02

  Doing nothing.

• 42:44Speaker 04

  Is that something we invest? We used to invest or do we enjoy ourselves?

• 42:48Speaker 03

  Well, I'll tell you, I'll tell you what I would do. Um, you said your monthly burn rate in terms of how much you guys spend a month was what, like seven thousand?

• 42:55Speaker 02

  Around eight thousand.

• 42:56Speaker 04

  Probably like eight is the average.

• 42:58Speaker 03

  So if we just said a nice full emergency fund, you should probably have about fifty thousand dollars in cash, right? For six months, fully funded emergency fund. Well, where your cash is right now at a hundred and was it fifty thousand dollars?

• 43:11Speaker 02

  Fifty five.

• 43:12Speaker 03

  Hundred and fifty five thousand dollars in cash. You had a hundred thousand dollars of excess cash. Now, obviously we have like this wedding thing and this house thing. So maybe we have an emergency fund that is a little frothier than we might want. Anything above and beyond that, I think I probably would invest. But here's what I would do. I would not dump it all in a day and you're gonna hate this because you're kind of a market timer and you're kind of a crypto timer. Rather than doing that, I'd pick some number I feel comfortable with. And maybe it's 5,000, maybe it's 10,000. I don't know the number for you. But if I have an extra 70,000 to 100,000 dollars to invest, I'm gonna say, alright, every single month, I'm gonna invest 7,000 dollars a month. And I'm just gonna start drawing down my cash. So then I don't care if the S and P is high, low, left, right.

• 43:57Speaker 03

  I'm just gonna buy every single month, every single month. So if the market's going up, great, that money I invested last month makes money. If the market goes down, great, I'm getting in lower and lower. I don't have to get it all right, but I prevent myself from being in the situation where I have been wrong and I've let the cash accumulate. So I'd figure out how much of that 156 is excess cash? And I'd put together a plan, okay, if I start investing this over the next 10 months, 12 months, divide it evenly, what's that look like? And here's what's crazy that I think is gonna happen with you guys. You're gonna notice your cash doesn't actually go down that quickly. Because you just told us that last year you made up 85,000 dollars selling roofs. And this year, you're on pace to make 175,000 dollars selling roofs?

• 44:40Speaker 03

  There's a good chance you're gonna start doing 7,000 dollars a month, try to buy that down, and you're just never gonna stop. And it's just gonna keep on building, keep on.

• 44:47Brian Preston?

  I'm also seeing that y'all have a list of life things that y'all, you know, services and experiences y'all need to be doing that you need to backfill. There's nothing that says that you can't create an anticipation of the journey, you know? Meaning, y'all go out on a date night, you know, you, look, you came here. You got a babysitter for that, obviously. You know, y'all go out on a date night.

• 45:06Speaker 03

  We're getting a night tonight, y'all do this tonight.

• 45:07Brian Preston?

  And we're excited. I think date nights are very important for married couples. But then y'all can use that date night to kind of write down what, over the next quarter, over the next six months, you figure out the timeframe for you guys. What, what do y'all wanna do? Do you wanna do maybe a massage every other month? Do you wanna go do a trip to see the family? And y'all actually put it on the calendar loosely. You can write it in pencil so that you can move it around a little bit. But then that way, y'all can start anticipating it. And you not only get the, the blossoming memories of the great experience, but you also get the anticipation. Because it's all back to that hedonic treadmill is that good stuff, spread out. Bad stuff like when really bad things, do it all at once.

• 45:47Speaker 02

  Yeah.

• 45:48Brian Preston?

  Cut it without mercy. That's why when most people, when we look at their stuff, we have to go, you have to budget. You have to work this app. You have to do this to try to find more money. You guys are the exact opposite. So we're trying to tell you, no, go figure out how we can spread this out. Still live your healthy, you know, productive life, but also put enough experiences so that when you get to be my age, you look back at your twenties and we go, job well done, thirties, job well done.

• 46:14Speaker 02

  Yeah.

• 46:14Brian Preston?

  Forties, job well done, and you have no regret. And then you look back and go, why was I even worried about this?

• 46:19Speaker 04

  Yeah.

• 46:19Brian Preston?

  And that's, and you'll be so happy that you actually put the effort into it.

• 46:23Speaker 02

  Yeah, I feel like I get nervous because we're so young. Like you said, we're so young. That I just see it as like, there's so much time for things to go wrong. I don't know why my brain goes like that. But I'm like, okay, yeah, we're at eight hundred and eighty-two at what the twenties. But what if something goes wrong in the thirties or the forties?

• 46:39Brian Preston?

  Hurt our benchmarks though?

• 46:40Speaker 03

  Hold on, hold on, hold on. Let's, let's, uh, let's do this exercise. It's called the seven sell ones. Let's say that you get your, all your stuff going. You got fifty thousand dollars in an emergency fund.

• 46:48Speaker 04

  Yeah.

• 46:48Speaker 03

  To cover you for six months. Let's say that roofing dries up. You are no longer a roofer. What are you gonna do? No longer selling risk. What are you gonna do?

• 46:56Speaker 02

  Go to another sales position.

• 46:57Speaker 03

  Go find something else to sell. It's gonna take you six months to go land in that sales position, probably?

• 47:01Speaker 02

  Maybe less, yeah.

• 47:02Speaker 03

  Like you're not gonna let yourself do that, right?

• 47:04Speaker 02

  Yeah.

• 47:04Speaker 03

  Like you're just, I can just tell you're a hustler. You're gonna go out there and you're gonna find a job and, all right? Of the eight thousand dollars a month y'all are currently spending, if you really had to get lean, how lean could you get on that?

• 47:15Speaker 02

  Probably like four thousand.

• 47:16Speaker 03

  Right?

• 47:18Brian Preston?

  See how this is all falling apart?

• 47:20Speaker 03

  Okay, if things go bad, if things go bad. And look, we should not say this, but we're gonna say it. If you go take that number, that seven nineteen and put in the wealth multiplier and see what it turns into, without you saving anything else, so long as you can keep lights on and food on the table, you've done a lot of the hard work so far, assuming nothing goes crazy with crypto. That's the one like wild card there. You've done a lot of the hard work so far that you have already bought yourself freedom and flexibility in your thirties by being in your mid twenties with almost a million dollar net worth. You're in a fantastic position. And I think a healthy fear of things. Going away is great, but it needs to be realistic. And so you go through the seven so whats. Okay, if this happens, so what? If this happens, so what? If this happens, so what?

• 48:03Speaker 03

  So long as by the time you get to seven of those so whats and you're, you're still healthy and alive and your family's still healthy and alive, things are

• 48:10Speaker 04

  That matters, right?

• 48:11Speaker 03

  Pretty good.

• 48:12Speaker 02

  That's true.

• 48:13Brian Preston?

  It's full circle back to what what actually creates happiness and fulfillment. That's what we all, look, and don't mishear me. I'm not saying money doesn't buy happiness and the fact that it does pay for your basic necessities, food and, and, you know, and shelter and those type of things. But beyond that, it does start to lose the, what it can do for you.

• 48:34Speaker 03

  Yeah.

• 48:35Brian Preston?

  I mean, if you start thinking about wealth and riches, what's the difference between somebody who has five, 10 million versus somebody who has a billion? It's probably just an airplane. I mean, it really, that's really about it. Their hot water feels the same as your hot water.

• 48:50Speaker 04

  Yeah.

• 48:51Brian Preston?

  And it's, it's one of those things where you start thinking about those things. And then you can say, okay, now that I've freed myself from trying to keep up

• 48:57Speaker 03

  Yeah.

• 48:58Brian Preston?

  With some false goal that means absolutely nothing in the grand scheme. You can actually focus on what really makes me happy. Now, some things do cost me, I mean, forever I had a, I got bought a Jeep Wrangler that for about 12 before, it was probably 15 years of my life, gave me tremendous happiness because I couldn't get it when I was a kid. I wasn't as poor as Bo, or it sounds like your situation, but I was, I was poor enough that I couldn't have what I wanted.

• 49:21Speaker 03

  Yeah.

• 49:22Brian Preston?

  So when I got enough money, I went and bought that. And I loved every time I went through a drive through that, you know, every high school kid was like, that is the coolest Jeep. The big old lift kit, the subwoofer and all the other stuff. But then it ran its course and I, you know, and I let somebody else have that joy and I, and I moved on. There's nothing wrong with enjoying those elements, but just making sure that you are taking the time to figure out what the happiness factor is at that moment. And that's where right now I'm worried. You go from nothing, nothing, nothing. I can do this because I come from nothing. And then give me the best. And that's just, there's so much in between that I've got to get you to slow down and enjoy. So y'all get the best version of yourselves.

• 49:59Speaker 04

  Yeah. One thing I will give him is

• 50:04Speaker 04

  Um, where I saw that he was improving on as we bought a Tesla.

• 50:08Speaker 03

  Okay.

• 50:09Speaker 04

  But.

• 50:10Speaker 03

  What kind of Tesla did you buy?

• 50:11Speaker 04

  Tesla Model Y.

• 50:12Speaker 03

  Okay.

• 50:12Speaker 04

  Uh, he did his research, so we got the best deal, right? But I was happy because I think it was a step because we had beater cars forever.

• 50:21Brian Preston?

  Forever, yeah.

• 50:21Speaker 04

  This was like our first big purchase.

• 50:23Speaker 03

  And what do you think about the Tesla Model Y?

• 50:25Brian Preston?

  I love it.

• 50:25Speaker 03

  It's wonderful.

• 50:26Brian Preston?

  And you're a Tesla guy too.

• 50:27Speaker 03

  It's a car, it's a car that you love and it's fun.

• 50:29Speaker 04

  And it's family.

• 50:30Speaker 03

  And it's a family car and it's safe. And you made that decision and it wasn't going to buy a beater and it wasn't doing the, and it's okay.

• 50:37Speaker 04

  Yeah.

• 50:37Speaker 03

  And it's okay.

• 50:38Brian Preston?

  Yeah.

• 50:38Speaker 03

  Lifestyle creep gets such a bad rap and it is bad in a lot of circumstances, but we all naturally want our lives to improve throughout the lives. We don't want to be a lifestyle cliff where it's down, down, down, down, down, down. And then up here, we wanted to kind of creep up. I think that's wonderful.

• 50:53Speaker 04

  Yeah.

• 50:53Speaker 03

  And you guys have lived that and experienced that. You start getting stretched out once every two months, you're gonna feel the same way.

• 51:00Speaker 04

  Yeah, exactly.

• 51:02Brian Preston?

  I would now, look, I do want to give y'all one because y'all are still young. When you start traveling, you don't have to go Four Seasons immediately or the St. Regis and all that stuff. It's because give yourself.

• 51:14Speaker 03

  He's like, no, no, I was just gonna wait for that trip. I was gonna wait.

• 51:16Brian Preston?

  I can, I can tell how you're wired and you're like, I want to give myself the best now that I've earned this. So you can go here from us. And I do think you've earned it, but I would encourage you to take some steps.

• 51:27Speaker 03

  Yeah.

• 51:27Brian Preston?

  So that you can enjoy all the versions. Cause I remember when I went on my honeymoon, I mean, I look back, I don't think I'd like that resort anymore. But at the time, at the time, I was like, oh my gosh, so we get to do this and this and this. And then I think about how we slowly, now look, I'm bougie as all get out now.

• 51:43Speaker 03

  Yeah.

• 51:44Brian Preston?

  But I didn't start that way.

• 51:45Speaker 03

  Yeah.

• 51:45Brian Preston?

  You gotta give yourself enough threshold as you're going through here so you live your best life. So that's why ease yourself up through this, what you think would be nice now.

• 51:55Speaker 03

  Yeah.

• 51:55Brian Preston?

  Do it.

• 51:56Speaker 03

  I'll try it.

• 51:56Brian Preston?

  Yeah, I'll try it. It doesn't have to be the best yet, you know, you can go through steps and really enjoy the journey.

• 52:02Speaker 04

  Yeah.

• 52:02Speaker 03

  Yeah, thank you guys for that. I've got an idea of some planning we can do to hopefully free you guys to feel more comfortable. What other questions can we answer for you? What are some things you're curious about we could speak to?

• 52:10Brian Preston?

  So one more goal, and then I do have some other questions as well. One more goal.

• 52:14Speaker 02

  I think we missed was um, right now our son, he goes to daycare. But I think it would be cool to have like a, like a, not like a live-in nanny, but like a nanny that comes to the house. And right now we pay like, what is it?

• 52:27Speaker 04

  Eighteen?

• 52:28Speaker 02

  Eighteen hundred in daycare. But I think uh, we did the research on a nanny, if she were to come in, do like eight hours or whatever, like meal prep, do all that stuff. I think it was gonna be up to like four grand. So, I don't know where that could fit, if it could fit like later on, but I think it'd be cool, cause it. At first I didn't, cause she would drop our son off at daycare, and I was like, dude, it's daycare, like just drop, and then you drop him off and you're like.

• 52:55Speaker 02

  It's hard, like he's like looking at you, like dude, I have to walk away right now. So, it'd be cool to have somebody come to the house, so she's there too, we have an extra bedroom, they could take care of.

• 53:04Brian Preston?

  We all grow in the family though, right?

• 53:06Speaker 02

  Yeah, of course.

• 53:06Brian Preston?

  So I mean, this is, this is something that probably is a multiple benefit, you know, because the daycares go get more expensive.

• 53:12Speaker 02

  Yeah, I want as many kids as possible.

• 53:14Speaker 03

  And again, in, in, in, in the vein, in the vein of not doing everything at a hundred miles an hour. My wife and I went to the exact same thing, exact same thought process, exact same idea, uh, and we eased into it. So, when we had a nanny, when our child was young, it was a, it was two days a week, not all five, two day, right, you know what I mean? And so it's something you can kind of stagger into and figure out what works. You don't have to wait till you have a full-time, on-staff employee in the house. There are ways you can kind of ease into that, and I think there can be ways that we can budget for that and figure out how we have a, a bucket of money that you can feel comfortable serving that goal. Cause money is nothing more than a tool that allows us to accomplish our goals. And if one of the goals you want is for your child to be in your house with a caretaker, with a provider. There's nothing wrong with that.

• 53:58Brian Preston?

  I was also, while we're talking about your son, five twenty-nine would probably do a lot of good. He's six months old right now.

• 54:04Speaker 02

  Yes.

• 54:04Brian Preston?

  Man, think about the compounding, you know, I just, my oldest graduated college. And all I did was, when she was born, I front-end loaded a little bit, but then I was, cause Georgia was forever was, you got a deduction for two thousand dollars a year. That's about all I did for, pretty much until she was eighteen. Might've gone into twenty, but. It paid for everything but the final semester of her college. I mean, there was one semester that my, because my mom had funded a 529 when the day of my daughter was born. That covered one semester and then mine covered the other three years. It was fabulous. And you don't have to do a ton because I don't want y'all to, to throw the whole kitchen sink. It's a 529, but, but just a little goes a long way.

• 54:46Speaker 02

  I have a question on a 529. Is it, um, say they don't want it or they don't go to college? Can they use it for something else?

• 54:52Brian Preston?

  You can use it for trade school. You can use it K through 12, private school. You can use it to fund Roth IRAs.

• 54:58Speaker 02

  Really?

• 54:58Brian Preston?

  I mean, when they come out, I mean, they've actually made it better and better. So I think it's so universal. Now, look, you put your oxygen mask on yourself first before you take care of the kids. So, because we have a lot of people, they're not even funding their Roth IRA and we find out they're doing 529s for kids they don't even have yet. And we're like, you kind of, you're screwing this up. Um, but you guys are in a perfectly good situation. You could do that.

• 55:19Speaker 03

  But also a 529, any money that you put in always comes out penalty, penalty free, tax free. It's only if they don't use it for college that then you have to pull the money out and pay tax and penalty on it. But it's only the earnings, not the money you put in. So there's a little bit of a natural, as long as you don't get crazy with overfunding, you've got some protections in there.

• 55:37Speaker 02

  Um, another thing is, um, if we should start switching over to traditional, because everything we have right now is Roth. Um, so I didn't know what metric we should use to figure out like when to go to traditional versus Roth.

• 55:48Brian Preston?

  Arizona's tax rate, what, what is that? What's in Arizona right now?

• 55:51Speaker 04

  Uh, two, yeah, two point.

• 55:52Brian Preston?

  Okay.

• 55:53Speaker 03

  So about, so you guys are probably going to be, now, again, this year's a little unique because you're going to have a hundred seventy five thousand dollar gross income. Tons of deductions through your business or is that pretty much if you make a hundred seventy five, you're going to show a hundred seventy five?

• 56:07Speaker 02

  No deductions.

• 56:08Speaker 04

  No deductions for sure.

• 56:09Speaker 03

  So y'all might be in like 22% marginal federal bracket, another two to three percent.

• 56:16Speaker 03

  I think Roth probably still does make sense.

• 56:18Brian Preston?

  Okay, you're right around the, under the 25%.

• 56:21Speaker 03

  Where we generally see pre-tax or traditional make a whole lot of sense is once you cross over the 30% marginal tax bracket, when you add your marginal federal and marginal state. Because every dollar you put in pre-tax can save you 30 cents in taxes. It's like an imputed 30% rate of return. And there's a good chance, if you build your assets right, when you get to financial independence, you can manipulate the tax code to be in a lower than 30% tax bracket.

• 56:45Brian Preston?

  And as you've already detailed, you know, you're gonna be doing both sides of the solo, so you're gonna have some pre-tax money as well. So, so you'll have a nice mix. You'll actually have all three buckets.

• 56:55Speaker 02

  So do you guys suggest that I do both sides of the, like, should I still be funding both sides of it?

• 57:02Speaker 03

  Well, we're gonna put together sort of a financial order of operations for you.

• 57:05Speaker 02

  Okay.

• 57:06Speaker 03

  Only because your savings, like, right now, to do all the things you're doing is a super high savings rate.

• 57:10Speaker 02

  Yeah.

• 57:11Speaker 03

  We're likely, I don't know the planning we're gonna do yet, but we may decide, hey, here's what it would look like if you saved a little bit less. But I do want us to make sure we're thinking through these other things, because if you have all of your assets flowing to retirement, and we're gonna assume that the crypto is, like, not in play.

• 57:27Brian Preston?

  Just put it on the shelf. Yeah, we'll just put that on the shelf.

• 57:29Speaker 03

  Then we do wanna make sure you have, if you're going to need, like, a house down payment, or you're gonna need to pay for the wedding, that can't come from retirement accounts. So we may have to be a little bit inefficient in how we plan for those goals. So that'll be something we'll put together as we, as we plan forward.

• 57:44Speaker 02

  Cool. Perfect.

• 57:45Speaker 03

  We're gonna get to work. We'll start putting together a plan of what this could look like, some things to think about, and hopefully some things that'll help you have a little more peace around, hey, we're doing what we're supposed to be doing. I don't freak out. I have to call it 11:00 PM and tell her to go buy more crypto. Things are gonna be okay. And it's gonna be, it's gonna be super fun.

• 58:01Speaker 02

  Thank you, guys.

• 58:02Brian Preston?

  Y'all were a blast.

• 58:03Speaker 03

  Brian, what a fantastic conversation with Quentin and Victoria.

• 58:07Brian Preston?

  Yeah, this one, this one was interesting to me. First of all, I'd like to know who could bench press more.

• 58:12Speaker 03

  Oh, come on.

• 58:13Brian Preston?

  I mean, both of you guys looked like y'all knew your way around the gym. The other thing is, I felt like when Quentin came into the room, there was a little bashfulness. I think he was really nervous. How were we going to have, handle him having so much of their net worth in crypto?

• 58:27Speaker 03

  Sure.

• 58:28Brian Preston?

  Now, here's the reality. When you're 27 years of age, and you have as much money as they have, with a lot of that success coming from Bitcoin, we're gonna smile. We're gonna be so happy for your success, because we're glad that you actually are so far ahead of the curve. But that does leave a lot of room for us to talk about, what do they do now that they are so far ahead of the curve?

• 58:51Speaker 03

  And I think what's so interesting about them as a couple, is that you couldn't help but pull for them. You hear their backstory, you hear some of the adversity they've overcome.

• 58:59Brian Preston?

  High school sweethearts.

• 58:59Speaker 03

  And they're high school sweethearts. It's just a couple that you love being able to pull for. And one of the things I want to show them is, because of how well his crypto play turned out for them, and because of how far ahead of the curve they are, in their late twenties, they have $700,000 in vestable assets. Without saving another dollar, without adding another dollar to the portfolio, if they just let that $700,000 continue to grow, and we just said, if that can grow, based on their wealth multiplier at 9.3% annualized over the lifetime, by the time that they get to age 55, it could be over $9.5 million. By the time they get to 60, over $15 million. By the time they get to 65, they could be

• 59:42Speaker 03

  worth $24 million. Now, they've done a lot of the, I don't want to say heavy lifting, because he was at the right place, right time, right investment. It turned out really, really solid for him. But because of that, I think what it can do is, it can remove some of the pressure, I think, that is on them, that they're already on a great track, a great trajectory. They don't have to focus on optimizing every single thing from this point out.

• 1:00:08Brian Preston?

  Well, there should be one big disclaimer on all this, because we are super excited for their success. It should really set them up for, for an easy path. But over half of this net worth is in crypto. And as we know, that's one of the things I even experienced when I was dabbling with it is the, the level of volatility on a day-to-day basis is not for the faint of heart. So this is not going to be a smooth ride. So that's just definitely something they should take into account with this plan.

• 1:00:36Speaker 03

  Well, and look, it could turn out well. Crypto could go crazy and blow up, but it could also go the other direction. And so they as a couple need to have a very real conversation. Hey, we've kind of won the game, so to speak, at this point. How much risk we want to continue to take? Do we want to potentially diversify? Do we want to take some of these chips off the table to protect us from that downside? Now, I don't know which direction they're going to go, but I think they ought to have an honest conversation so that they know realistically what opportunities are ahead of them, but as well as what risks are ahead of them.

• 1:01:06Brian Preston?

  Another thing that was interesting about them is, and I loved how transparent they were. Quentin and, you know, kind of shared with us, their cash is frothy. And a lot of that is the, the side result of them trying to time the market.

• 1:01:19Speaker 03

  Yeah, it's inertia.

• 1:01:19Brian Preston?

  You know, because we often say, say that even if you're right on getting out of the market at the right time, you might be left sitting in extra cash because you don't know when to get back into the market. So we want to try to figure out, they got some big goals as well as I think they're going to have more cash than what they even need in cash reserves. What can they do to get back on the right path?

• 1:01:38Speaker 03

  Yeah, so right now they had $156,000 in cash, just because he's been stocking it up so nervous to like put it to work at all-time highs. So we think realistically, they can kind of think about that cash in three distinct buckets. You know, bucket number one is their emergency fund. We know that their living expenses are about $8,000 a month. So if they just want a six-month fully funded emergency fund, that'd be about $50,000 in emergency liquid cash. So there's 50 of it. We know they also want to have this wedding ceremony, which is something, they said they got married at the courthouse, they never had the big part of the big celebration. And that's something that they want to have in the next couple of years. So we said-

• 1:02:13Brian Preston?

  It's going to be their five-year anniversary. So it's about three years in the future.

• 1:02:16Speaker 03

  So we said, if it's inside of five years, we want that to stay in liquid cash again. So let's say we're going to chisel off $50,000 for this wedding ceremony, or not ceremony, but this wedding celebration. This marriage celebration. So that leaves $56,000 of you gotta figure out what to do with. And I know Quentin's gonna be thinking, okay, well, I'm gonna either go buy some crypto with it, or I'm gonna wait and time the market with it. I think that he would benefit from just removing emotion from the equation. What I'd love from this, okay, you know what I'm gonna do? I'm gonna just buy $5,000 a month over the next 11 months, and I'm gonna have that just go into low-cost index funds. I'm not gonna overthink it. I'm not gonna worry if the market's up, if the market's down, just on the same day, every single month, I'm gonna put that to work.

• 1:02:59Speaker 03

  And what that's gonna allow him to do is remove the emotion from getting those dollars to work and not get so caught up and end up right back in the same place he's at today.

• 1:03:08Brian Preston?

  I think it's cute that you think Quentin's only going to have the risk of putting this on the cash that needs to be invested. I'm worried he's going to be tempted to use some of the wedding money.

• 1:03:18Speaker 03

  No, you can't do it.

• 1:03:19Brian Preston?

  I'm here to tell you, no, keep that in cash, you know, equivalents, because that's a three-year, less than three-year goal. So we want to make sure that money is safe and it's definitely there so they get the celebration that they always hoped they could do two years ago when they got married.

• 1:03:33Speaker 03

  So, all right, so we've triaged, okay, they've got this cash, they gotta figure out what to do with it. They already have a huge head start in terms of where they are presently financially. So what should their savings look like moving forward? How should they think about that? And we say that we really want your goal to be, at this stage, to think about tax efficiency and tax optimization. So we would love to see them do things like max out the Roth IRA, max out the HSA, do Roth IRAs for both of them. Because even though they're already at maybe the coast point or getting close to coast point, it just seems crazy not to continue to still build those tax-free dollars,

• 1:04:15Speaker 03

  to still do things like get full advantage of her employer match. I just think those are opportunities, even though they're not ahead of the curve, they should not walk away from.

• 1:04:24Brian Preston?

  Yeah, I mean, that's one of the things, as we showed mathematically, they might need to save more, but I think it's still good to flex the saving muscle or the investment muscle. And if you can do it in a tax-efficient way with like, with you talked about her retirement plans. Also, he had the Solo 401k, there's another opportunity that you could dabble in to make sure that that's maximized. I'm all right with them adjusting the savings rate, but I still think there's other areas like 529s saving. You know, they've got really cool planning opportunities still ahead for them.

• 1:04:53Speaker 03

  Well, and I think, I don't think they need to be caught up in over saving. They need to appropriately save. But even if they were to back down their savings rate to something a little more palatable, a little more appropriate. Even thinking about if they're doing the HSAs and doing the Ross and getting her employer match, even if they weren't doing the solo 401k, but one of the things they want to be able to do was have a nanny and pay for, you know, in-home help, that's going to free up like $4,000 a month, which is the number they said they need to do for the nanny. Now, we still don't know exactly what's going to happen with Quentin's income and how that's going to look. But if it keeps moving in a positive trajectory, I don't see any reason why they won't be able to spend money on the things that they're talking about wanting to spend money on without sacrificing being able to build for the future.

• 1:05:37Brian Preston?

  Yeah, I mean, I think we've got the nanny kind of covered. But then one of the things that they shared, what I was surprised about is Quentin is obviously a natural salesman because his income spiked up substantially. So they even made the statement that it seems like at the end of the month, there's just money left over. And I think that's a part that, because they did have a goal of they want to buy a house someday. Victoria's special seemed like that was important. I think that opportunity is going to come their way.

• 1:06:03Speaker 03

  Yeah, I think they're going to be able to do the house or maybe early retirement. They're going to be able to fund the goals that they have, but they ought to be realistic about what those are. I think that because there's this anxiety around not wanting to go back to where they came from, not wanting to end up back at zero, that it's putting pressure on them to over-save and under-live. Where I would argue, if they save appropriately, they not only can prepare for a great, big, beautiful tomorrow, but they can also have a great, big, beautiful today as well.

• 1:06:32Brian Preston?

  Yeah, the big thing that, and I think it came through, is if you're just chasing a number, you go find it's empty.

• 1:06:39Speaker 03

  It's going to be in.

• 1:06:40Brian Preston?

  So let's use this powerful tool of money that they've already got a huge head start on. And let's, let's get the nanny in so they can have more. Time to focus on, you know, doing what they're good at, but also making sure the kids are loved on, doing a 529. So there's going to be education opportunities, but then enjoying life.

• 1:06:59Speaker 03

  That's right.

• 1:06:59Brian Preston?

  You don't have to keep saving at the rate that they've been doing. What a just fascinating couple.

• 1:07:04Speaker 03

  I'm rooting for them. I am excited about what their future looks like.

• 1:07:08Brian Preston?

  Quinton, Victoria, we had a blast and it's so good to see couples who met so young create so much levels of success that we want you to live your best life. Beau, for others who might have questions, just like Quinton and Victoria, how can they apply?

• 1:07:23Speaker 03

  Yeah. If you'd like to be a guest on Making a Millionaire, you can go to moneyguy.com/apply. Or if you want to check out any of our tools and resources, go to moneyguy.com/resources.

• 1:07:32Brian Preston?

  This was an absolute blast. Guys, thanks so much for tuning in. I'm your host, Brian, joined by Mr. Beau, Money Guy team, out.

• 1:07:39Speaker 06

  The Money Guy Show is hosted by Brian Preston and Beau Hanson. Brian and Beau are partners with Abound Wealth Management. Abound Wealth Management is a registered investment advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with the securities, laws, and regulations. Abound Wealth Management does not render or offer to render personalized investment or tax advice through Making a Millionaire. 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. The guests featured on Making a Millionaire are not clients of Abound Wealth Management at the time of recording. Their participation should not be considered a testimonial or endorsement of Abound Wealth Management.

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