Financial Advisors React to MASSIVE Money Mistakes
Why go small when you can go massive? Financial Advisors, Brian Preston and Bo Hanson, react to the internet’s biggest money mistakes, from Steve-O getting someone approved on a 120-month Dodge Charger to a man who cashed out his 401(k) to buy a boat in the Virgin Islands (and somehow met his wife doing it).
Discover why replacing unsecured debt with a home equity line puts your house at risk, why buying a condo to keep up with homeowner friends is never the right reason, and why the 3D glasses approach (dream plan, down-to-earth plan, and doo-doo plan) could have saved one entrepreneur his grandmother’s house. Plus, we break down the solar panel loan trap, the job-hopping debate, and why personal finance is so personal that a 30-second clip telling you what you must do may be the biggest mistake of all.
Timestamps
0:00 Introduction – Massive Money Mistakes
0:10 120-Month Car Loan Got Me Rolling?
1:15 Losing Grandma’s House to Fund a Business
3:29 Man on the Street – Biggest Money Mistakes
4:24 Robert Herjavec – Stock Tip Gone Wrong
5:49 Caleb Hammer – Solar Panel Loan Disaster
8:28 Buying a Condo for the Wrong Reasons
11:00 Man on the Street – More Money Mistakes
12:42 Staying at Your Job Too Long Is a Mistake?
🔗 20/3/8 Car Buying Rule → https://moneyguy.com/guide/20-3-8-rule/
🔗 Roth IRA Ultimate Guide → https://learn.moneyguy.com/everything-you-need-to-know-about-roth-iras
🔗 Financial Order of Operations → https://moneyguy.com/guide/foo/
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
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