Financial Advisors React to Funny Money Videos

We are back with another hilarious react episode, breaking down some of the most interesting financial content circulating online. From fake finance TikTokers claiming to make "$3 trillion in 6 seconds" by watching "green line go up" to made-up investment jargon like "bifocal heritage savings trusts" and "septic IPAs," we share the importance of critical thinking when taking advice we see on social media. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

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

• 0:00Speaker 00

  Hey Spotify listeners. When you travel with American Airlines, you'll enjoy comfort and convenience at every altitude. Before takeoff, unwind in the Admirals Club Lounge with curated self-serve offerings of hearty bites and refreshments. In flight, stay connected with high-speed Wi-Fi. Sponsored by AT&T. Your journey is designed to feel easy from the moment you check in to the moment you arrive. No matter where you're going, American gets you there. Book now at aa.com.

• 0:27Speaker 01

  This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required. Compatibility and availability varies 18+.

• 0:52Brian Preston?

  And we're back with another React episode. The content team's been busy at work trying to find some funny content.

• 0:58Speaker 03

  Brian, I am so excited to see what the content team has in store for us. Let's dive right in.

• 1:03Speaker 04

  Here's how I made $100,000 in under 10 minutes. The first thing I did-

• 1:08Speaker 05

  No, no, no. What the hell are you doing?

• 1:10Speaker 06

  I'm lying about making money.

• 1:12Speaker 05

  Dan, if you want to make a finance TikTok, you're gonna have to pump up your numbers.

• 1:15Speaker 06

  But these are pretty big-

• 1:16Speaker 05

  Pump them!

• 1:17Speaker 04

  Here's how I made $8 trillion in under 6 seconds. First, I look at a company's fundamentals-

• 1:22Speaker 05

  Cut!

• 1:23Speaker 06

  What was the problem that time?

• 1:24Speaker 05

  Fundamentals is too inside baseball. So is stock.

• 1:27Speaker 06

  Those are like, basic finance terms.

• 1:29Speaker 05

  Try these lines I wrote.

• 1:30Speaker 04

  "When green line go up, good." "Green line only go up."

• 1:34Brian Preston?

  Jay man it up.

• 1:34Speaker 04

  "Money, money, money, money." Jay-Z, Sogati.

• 1:37Speaker 06

  We can't just say this stuff.

• 1:39Speaker 05

  Who's gonna say anything? The TikTok police? Shut up, keep reading.

• 1:43Brian Preston?

  Well done.

• 1:44Speaker 04

  Here are some line movements you should look out for. The triple wedge. The Ant-Man. The wet otter. And the bagel.

• 1:51Speaker 06

  I feel like we're just lying to people at this point.

• 1:53Speaker 05

  Chill out!

• 1:54Speaker 06

  But no, this isn't true.

• 1:55Speaker 05

  We're not even selling them anything.

• 1:57Brian Preston?

  And buy my course.

• 1:58Speaker 04

  Which is why you should buy my finance course. Overnight millionaire money move.

• 2:03Brian Preston?

  This stuff writes itself.

• 2:05Speaker 03

  So you mean to tell me that everything that we hear on the internet, everything we see on TikTok, everything we watch on Instagram, everything we watch inside the YouTube universe, isn't exactly accurate and in my best interest if I act upon the information given?

• 2:19Speaker 03

  So, we think that there are right places to get your information and- Get whatever you want.

• 2:25Speaker 07

  On the menu, I got money. You sure we need wedding flowers? That's a lot of money. We had our wedding. Now we don't have money. Honey, you should go buy yourself a coffee today. You earned it. I don't know if you should be buying a $5 coffee every day. Stop buying a coffee every day. For his birthday? Let's buy him 100 toys. For his birthday? Let's buy him one toy. Oh, it's his birthday? How about we give him a cardboard box? Now that the kids are gone? We should buy a Corvette. Now that we're retired? We should buy a vacation home in Florida. Now that we got grandkids? We should buy them whatever they want. We got money.

• 2:55Brian Preston?

  I feel like it was like the Frank Sinatra song where he talks about his life all through it. We just watched it in financial bro style.

• 3:04Speaker 03

  It's okay that our financial preferences and thoughts around how money should be used will likely change, so we should be aware of that as we're moving through this life.

• 3:13Brian Preston?

  He just shined a light to the journey we are all on, where there's gonna be a battle between being your financially disciplined self and then let it rip.

• 3:22Speaker 06

  How you doing? Nasdaq, pleasure. Now, tell me, are you putting your money into various diversified bubble bonds? Or more so a singular global volatility fund? I keep most of my viscous assets in a bifocal heritage savings trust. Definitely worth it if you're thinking of buying a house or

• 3:37Brian Preston?

  Sweet stash.

• 3:38Speaker 06

  purchase. Now, if you want something with a lot of liquid expendment margin and fairly deviated dividends, go with a septic IPA. Gives your money some room to breathe and when you're ready to yank it out, zero gradual deferments. Sick.

• 3:52Brian Preston?

  You see, Bo gave me no reaction. You know why? It's because his CFA brain was actually trying to see if he could turn that into something. You were trying to actually pay. He was just throwing big terms into the sentence.

• 4:03Speaker 03

  Well, he was throwing out made up terms. Those weren't even like real terms. And what I think is interesting, a lot of times people find out that I'm a financial advisor. They'll always come and tell me, hey, let me tell you about my portfolio. Let me talk about this. Oh, what are you doing? And I think they're often let down to find out that what I do is pretty boring and pretty basic and pretty simple.

• 4:19Brian Preston?

  Well, I mean, we've picked on dumb doctor deals because sometimes people, when they come into money or start making good money, they think that it has to be sexy, has to have sizzle, has to be more complicated. And then they find out we're still talking about index funds and they're like, what?

• 4:33Speaker 07

  My client is in the back of the courtroom.

• 4:36Brian Preston?

  Arrest my case.

• 4:36Speaker 06

  Would you choose money or happiness?

• 4:40Brian Preston?

  Happiness.

• 4:44Brian Preston?

  That was like a jump scare financially. I had no idea where that was going.

• 4:48Speaker 03

  In our world, here's what we believe. We do not believe that it's a binary decision between choosing money or happiness. We think that money is nothing more than a tool that allows us to achieve our long-term goals. A lot of those goals, if they are well thought out, meaningful and purposeful to us, will bring about happiness. Money might be the mechanism to get us there, but they are not mutually exclusive and I don't have to be in competition with one another. I like sleep too.

• 5:15Brian Preston?

  Or maybe you just need a nap.

• 5:17Speaker 00

  Hey Spotify listeners. When you travel with American Airlines, you'll enjoy comfort and convenience at every altitude. Before takeoff, unwind in the Admiral's Club Lounge with curated self-serve offerings of hearty bites and refreshments. In-flight, stay connected with high-speed Wi-Fi, sponsored by AT&T. Your journey is designed to feel easy from the moment you check in to the moment you arrive. No matter where you're going, American gets you there. Book now at aa.com.

• 5:44Speaker 01

  This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required. Compatibility and availability varies 18 plus.

• 6:09Speaker 04

  Where do homeless accountants live? In tax shelters. How do accountants manage their money? They act their wage. Why are accounting departments the most welcoming? Because they know everyone counts.

• 6:23Brian Preston?

  I got, I got one for you. What do you call a bear without teeth?

• 6:28Speaker 03

  What?

• 6:29Brian Preston?

  A gummy bear.

• 6:31Speaker 03

  But that, that has nothing to do with accountants.

• 6:34Brian Preston?

  Well, I didn't know we had to stay on track. I thought we were just doing dad jokes.

• 6:38Speaker 03

  This is you, Brian. These are your people. These are, these are your jokes.

• 6:41Brian Preston?

  I don't make the rules. I just live the life.

• 6:43Speaker 03

  CPA life, right?

• 6:44Brian Preston?

  CPA life is real. You know, if you think thug life is hard, try the CPA life.

• 6:56Brian Preston?

  A lot of reading. This is one of my biggest pet peeves when we travel with other couples is that they always are trying to take flights at the world's worst times so they can save a hundred bucks here. And I'm like, but if you have to take a nap when you get to where you're going or you lose the whole first day because you're wrecked, because you got no sleep, you were up at 3 a.m. to make your early flight. What are you doing? I love that they're drawing attention to the, all the coffees, the snacks.

• 7:21Speaker 03

  Now, I will say this, Brian, I'm a pretty conservative traveler, so I do get to the airport very early. I get there early enough where even if all the computers go down except for one and there's only one plane leaving, I'm still there in enough time to get to my gate. And so one of the problems of being there so early is it is easy to kind of walk around and go get the snacks and then get the voodoo doughnut and then get the coffee and stuff. So I kind of get this.

• 7:42Brian Preston?

  Don't be that person.

• 7:43Speaker 07

  Why have you carried student loans for a decade? How much do you have left in student loans? Now, like 35. Okay, and the interest rate is what? 2.5%. With the money that I've put in the S and P 500 versus paying it off is up like 30, 40, 50%. Okay. Whereas like if I paid off the student loans instead, I would have made progress of 2.5%. Don't you think it would be beneficial to your mental health, to your anxiety, to have no debt?

• 8:15Brian Preston?

  That's kind of cruel that that clip got put in there because I actually can see both guys' angles. And I feel like, you know, it's like when mom and dad are fighting and you hate to choose a side.

• 8:24Speaker 03

  Yeah, here's what, here's what I think matters the most when it comes to financial planning is having a plan in place. Some people's plan has them getting out of debt and moving on to that more quickly because getting out of debt is a higher priority, a bigger goal for them. Others is about optimization and maximization. So you have to decide inside of your world, what strategy is the optimal? Is it the George strategy or is it the Caleb strategy? And we don't think that one is necessarily right or wrong because it depends on your personal preferences. But there are some that are more optimal or less optimal. Has anyone seen my shoebox or receipts? Dad, how are you? I can write off the dog as a dependent, right?

• 9:03Speaker 07

  You don't need to yell. It's a yes or no question. Jeez Louise. All that we gotta get rid of. Taxes is a lot like camping. Leave no trace. That's a keeper. Hi TurboTax. Let me just get this straight. Uncle Sam knows how much I owe him, but I have to figure it out? And if I'm wrong, I pay more? How many senators did you need to bribe to make that happen? Hello? Do I want audit protection? Yes. Okay, and my taxes are done. Now I can enjoy February. Honey, we got a refund. Pack your bags. We're going to Kalamazoo.

• 9:32Brian Preston?

  The way we do taxes in America, I can see why people think this is like a bad skit. Mm-hmm. Because you hear about it. Remember, we had somebody come in from Switzerland, and they were laying out how the taxes are calculated and it's done. It is an exercise in are you compliant? Are you telling the government what they already know? It feels like with modern technology, we all be able to skip a few steps.

• 9:54Speaker 03

  And look, our tax code is not incredibly straightforward. It is complicated, and there's a lot of nuance to it. So the earlier you can plan for it, and the wiser you can, or the better you can start thinking about your tax situation, not just on April 14th, but throughout the year, the more likely you are to set yourself up for success when it comes to filing your taxes, and hopefully, saving some money on taxes.

• 10:15Brian Preston?

  I'm your host, Brian, joined by Mr. Bo. Guys, we love reacting to this type of content. Keep coming back for more. Money Guy Team, out.

• 10:27Speaker 07

  When everyone's finally together, what makes mornings even brighter? Keeping things deliciously simple. Whether you're pouring up a glass of morning refreshment, or topping off festive drinks for a family brunch, Simply Orange brings that 100% fresh squeezed taste to every moment. Deliciously bright and delightfully easy, Simply Orange is made for all your seasonal gatherings. Simply Orange. Say yes to simple.

• 10:56Speaker 00

  Stonefire naan is made with real buttermilk and ghee. It's the perfect flatbread for any occasion. I put out Stonefire naan with dips at every dinner party.

• 11:05Speaker 07

  I make naan grilled cheese when my daughter has friends over. I use Stonefire naan to reward the humans who do my bidding.

• 11:12Speaker 00

  Right. It's perfect for camping trips.

• 11:15Brian Preston?

  Dance for it, feeble mortal.

• 11:17Speaker 00

  Sorry, is he talking to me, or?

• 11:19Brian Preston?

  Dance. Ha, ha, ha, ha, ha. From our tradition to yours, Stonefire. Together we naan.