Experts Predict MASSIVE Stock Market Drop (Should You Sell?)

Market Crash Concerns (0:00)

Brian: Did you hear? The experts are saying the market’s going to collapse. What should you do?

Bo: And Brian, I am so excited about this because inevitably this happens. There is always someone out there saying, “Okay, the next crash is coming. The next downturn is coming. You need to be afraid. You need to beware.” And this happens even more as we start tracing new all-time highs. As we start seeing new movement in the market, people say, “Hey, wait. Hey, hold on. Hey, wait.” And if you don’t believe us, look at the headlines that we’re seeing right now. You can see here’s one from October 27th. Will the stock market crash in 2025? Four risk factors. Well, little do I know, you know, back in April it crashed like 19%. We’ve already seen that. How about this one from the Motley Fool? This is as of November 10th. Is the mother of all stock market crashes on the horizon? Or this one also from November 10th. Is a stock market crash coming in 2026? A lot of people worried about what’s going to happen with the markets moving forward.

Brian: I’m so glad the content team put these headlines there because when I saw that this is what we’re going to be talking about, I was like, are there really people? But I guess you could probably any day and time we could go and just say what are people saying? Because this is why you have to be careful who you let in your head is because yes, there’s always going to be people trying to whisper in your ear on why you should be concerned about investing and we’ve done so much content on this. I think it’s important first though, we’ll level set. I think we should give context. What are the top concerns? I think we have a CFA on staff, you know, right here sitting at the desk with me. Maybe you can add some sanity to the concerns that people are even saying we should be paying attention to.

Economic Realities (1:46)

Bo: Well, there’s some economic realities that exist. I mean right now there is and has been a slowing job market and inflation was sort of a wild concern coming out of the pandemic and it’s still been lingering. It’s still a concern there. And I think what has really got a lot of people uneven is that generally speaking the solutions that are implemented to combat these two forces are in opposition of one another. Oftentimes okay if there’s a slowing job market we’re going to lower interest rates so that we can stimulate the economy. But if there is lingering inflation, we want to raise interest rates to try to slow that down. So even the solutions are in conflict with one another. And people are saying, man, something seems awry, something doesn’t seem right. And I think just anecdotally, people are seeing how well the markets have done. They’ve seen that, oh, they hear all-time new highs. And whenever we hear all-time new highs, that must mean that the other shoe is about to drop.

Brian: Well, it’s like I was a kid that I mean the pre-computers and all the mad libs where you know you pass time on road trips and I feel like a lot of times headlines these days are just modern mad libs where they say okay inflation, you know last year, jobs, you know they throw all these words together and come up with these headlines because you can cherry-pick the data on inflation multiple ways. Yes, there are some very troubling or concerning inflation data points, but there’s also other things that are as a counterweight coming down in price. So, it just feels like this is something you can’t necessarily control. You can watch, but it’s not something that I’d be setting my plan off of. How about you, you hear all the headlines, taxes are changing, trade, tariffs. What’s the CFA take on all that stuff?

Bo: Yeah, so we talked a lot about this. We did a mini show kind of looking at the state of the economy. So, if you want to just go do sort of like a deeper dive, you can go look at this mini show, The State of the Economy in 2025. We kind of dive into that. But we know that in 2025, there have been a bunch of headlines about what’s going to happen with tax policy and what’s going to happen with international trade and how are tariffs going to be imposed and what are the implications of that going to be. So much so that we already alluded to this. In April of this year, between March and April, we saw the S&P 500 drop 19%. So, this is not new news. These aren’t new things we’re hearing about, but we still haven’t heard how all of this is going to resolve and what the ultimate long-term implications of some of the decisions right now being made are going to be. And again, whenever there’s uncertainty and we don’t know exactly how things are going to shake out, I think investors and the market in general start to get a little uncomfortable.

AI Bubble Concerns (4:31)

Brian: Well, I’ll do one more and then I want to pivot and say what does this mean for you? Because I like people come to us and look for guidance and we want to kind of help you know how to navigate all this. But the third one is this AI bubble. Now, look, this is one because realize I’ve been very confessional and I’ll make sure I send this clip to my buddies right afterwards because it’s kind of my way of paying it forward that I didn’t let them do it is I was at spring training three years ago, three or four years ago, and one of my buddies is like, “Hey, should I go and put $10,000 in Nvidia?” And you know what I tell him? No, go buy the S&P 500. You know, because that’s what, if you ask me today, I’m going to tell you the same thing.

Bo: And I bet he’s so happy about that advice. He brings it up to me constantly.

Brian: He’s like, “You realize that $10,000 would now be worth $97,000.” Who’s keeping track though? But it is one of those things where, but it’s back to are we at a bubble? And this is the part I’ll just throw in my opinion that I love to get the CFA take. We don’t know. I keep talking about this concept of law of accelerating returns is that technology is expanding at such a speed that it’s hard to keep up with that you don’t know what is the new dominant disruptive technology and AI, very much there is a race going on right now to see who can get in the forefront and dominate this. That’s why I still stand by I love the S&P 500 because it’s going to really cut through all the noise. But that doesn’t mean, I mean if you got Nvidia and you bought it at spring training four years ago, you’re probably going to be okay.

Bo: Well, I think back to the dot-com bubble bursting and if you were someone who put all of your money and you were so excited that you went and bought, was it grocery.com or grocery stores.com, it didn’t—it was like WebVan or something.

Brian: Yeah. Like it did not play out well for you. But if you were someone who was further along in your career and maybe had a risk tolerance that was slightly inside of the risk spectrum and you had a well-diversified portfolio, not concentrated singularly in tech stocks, not concentrated singularly in just S&P 500, but you were well diversified and the dot-com bubble burst happened. Yeah, your portfolio is going to go down, but it’s not something that’s going to leave you destitute because we know that when the market goes down, there’s often a V-shaped recovery. We saw that after the dot-com bubble burst in 2003. We saw that during 2009 after the Great Recession. We saw it in the midst of COVID and we even saw it after 2022 with 2023 being a fantastic market year. So if you’re in a well diversified portfolio, even if some of the AI companies, whatever name you want to throw out there, are perhaps overly valued right now or there’s a little too much excitement. That’s one of the reasons why we like a broadly diversified basket of goods, not just across a single asset class like US large cap, but across the entire equity and fixed income universe. And if you design that well, I don’t think you have to be worried necessarily about an AI bubble because your portfolio will be structured to be able to weather that.

Should You Be Worried? (7:34)

Brian: Well, we went, look, we went into the specifics here, but the real question that our audience is going to say, should you be worried? And we’d argue the answer is no. Nope. Because—And what do we mean by that is, look, there’s always going to be something that is going to scare you financially. I mean, I’ve lived long enough. I’m about to sneeze. Oh, did you see the elbow? Oh my. See that good form on the sneeze? Did you see how considerate that was? Okay, carry on. Oh my god. I think that might be the first on air sneeze we’ve ever had.

Bo: Broadcast. 20 years of broadcasting.

Brian: 20 years of broadcasting. First time I’ve seen him sneeze on air. I need to wipe the nose. Okay, hang on. Oh yeah, I did that on air. Here we go. Let’s keep this thing rolling. Okay, what should you do? We have a live show. The Financial Order of Operations is your backbone. Of course. Let me touch it with my sneeze hands. Here you go. I’m so sorry. We all these content writers write all this great content and then I show up.

Bo: So, okay. So, what should you do? How should you prepare? Why do we say that you should not be worried? Because if you have a plan, then you likely don’t need to have the same level of anxiety as someone who does not have the plan. And fortunately for you, we’ve built a plan for you. It is the Financial Order of Operations. And you can have your very own copy. If you want to go to moneyguy.com/resources, it will show you step by step what should I do with my next dollar depending on where I am. Well, if you are concerned right now, if you’re trying to figure out, am I making the right decisions? Am I worried about what’s going on? Have I actually followed the Financial Order of Operations? And one of the things that you’ll arrive at, you’ll say, okay, I don’t have any high interest debt. Okay, that’s great. I’ve got a fully funded emergency fund. Okay, that’s great. All right, I’m putting money in my Roth IRA and I’m not going to touch that until I’m at least 59½. Okay, I’m putting money in my 401(k) and I don’t need to get to that money either for decades. Okay? And it will reframe your mind to think, okay, I have a plan. I’m putting my money in the right places and I’m doing the things that I’m supposed to be doing. So what if the market has volatility or ups and downs in the short term because right now for me where I’m at, I don’t have to worry about what my dollars are doing in the short term.

Brian: Look, I look at the volatility as more of a feature than something you should react to. So this is why I stand by always be buying baby is if you just automatically set up the behavior that you’re saving consistently, you’re respecting, you know, diversification and all that good stuff, no matter what happens through the volatility and other things, the financial mutant side of you is going to see the good in it. And then you’re going to be better for it. Remember, we have done so much content on if you invested during the Great Depression. And yes, it was a 25-year period that the market went from this high, took 25 years to get back to that same high. But if you were buying every year, you annualized a rate of return of around 11%. The same thing happened with the lost decade. Everybody talks about how scary it was. I actually was managing money. I was investing money during those times. And once again, and it’s amazing how it’s pretty close. I think if you were buying every year, it also annualizes close to 9 to 11%. So these are the things, you see how the behavior, don’t let the emotional side of stuff keep you from actually doing good behavior because if your plan was good before, it’s going to be good during and it’s going to be good after. Just make sure you’re creating a plan of action and not just flopping around out there based upon what the media tells you or what you’re putting in your head. You know what your relatives are telling you at these upcoming holidays. Actually have something that reflects what money can and cannot do for you.

Bo: And if you are someone who is in the accumulation stage and you are a financial mutant, it is possible whether we see a downturn or not that you can reframe your mentality to get kind of excited when those things happen. If you have your always be buying set on autopilot and you’re putting money in your 401(k) and you’re putting money in your HSA and you’re putting money in your Roth IRA and you start to see the market kind of start to go down, you start to get a little excited thinking, “Holy cow, I’m getting a great deal right now.” And you even start thinking, man, is there a way I could just increase my savings by 1%? I’m putting 5% in my 401(k), but the market’s freaking out. Ooh, is there a way I can really kind of squeeze, tighten the belt and maybe put 6% in? And it’s those kinds of folks who come out on the other side of market downturns, on the other side of volatility saying, “Man, that was an amazing opportunity.” I think it’s Warren, you know, it’s very bittersweet right now. Warren said in one of his—Warren G. Yeah, Warren, Warren G and Nate Dogg, obviously. The two that we often talk about, Warren Buffett, of course, he said, “When it’s raining opportunity, reach for a wash tub, not a thimble.” Well, when the market has volatility, when there are downturns, if you are someone who is in the accumulation phase, that’s the way that you should think about it. And if you’re not in the accumulation phase, you are near retirement, you’re near financial independence, then you should be thinking, okay, is my portfolio appropriate for where I am? Does my risk tolerance match my risk capacity? And can I weather whatever storm may come my way? And so long as you’ve followed the Financial Order of Operations and done the things that you’re supposed to do, you can likely answer that in the affirmative. What do you think about that?

Brian: I can’t believe you sneezed. It’s wild. It was pretty impressive.

Bo: Well, I only have to sneeze going. You know what I mean? I only have to sneeze every 20 years on air.

Brian: It’s because you saw I clean those ducts out really strong when I go.

Bo: What a gross thought.

Brian: Well, I mean, haven’t you ever seen people, you like, I watch people sneeze, tiny sneezers? Well, I’m worried that they hurt themselves. They’re blowing. Your seals are not designed to hold that stuff in. So, you’re just, you know, I just let it rip. And that’s what we do here at the Money Guy Show. We let it rip. And one of the things we love to do is we love to let it rip by answering your questions every Tuesday morning at 10:00 a.m. Central time because we really do believe there’s a better way to do money. So, if you’re curious and want to get our take on something, you have a question for us, we want you right now to get your question in the chat. We have the team, a much larger team today out in the wings collecting your questions. So, with that, Creative Director Rebie, I’m going to throw it over to you.

Lump Sum Investing for Roth IRA (14:05)

Rebie: Yeah, we’re going to kick it off with Mason P’s question. I like all the guidance you guys just gave. So, this is kind of a let’s apply it to Mason’s question. It says, “I just started my investing journey. I have a lump sum set aside to max out both mine and my wife’s Roth IRAs, which is great. Should I wait to invest that if the market is just expected to go down?” What do you think? What would you say to Mason just starting his investment journey?

Bo: Well, it’s really interesting how you frame that. If the market is expected to go down, because here’s the question I ask you. Is the market going to go down? Yes. That’s the way the market works. It at some point it will go down. Is the market going to go up? Answer to that question is also yes. So when I think about young people that are investing and trying to put their money to work, whether you put the money in right now and invested that or whether you put it in let’s say 6 months in the future and the market’s at a different place, when we fast forward 10, 15, 20, 30 years into the future, will the entry point of that singular Roth contribution likely have made a difference? And I think the answer is no. I think even if you look at a portfolio today, if you maxed out your Roth at the beginning of 2008 versus the end of 2008, there’s a really good chance that right now at this point in time, the difference in what you would have made on that singular contribution is inconsequential relative to your whole portfolio if you’ve been saving and investing. So I tell young people, don’t get too cute with it. If you have the money right now, I would love to see you put together a strategy to begin dollar cost averaging or maybe get it to work in the market depending on the size of your portfolio and go ahead and do that today because we don’t know what tomorrow is going to hold. But more often than not, the market goes up rather than goes down.

Brian: What I wrote down as soon as I saw Mason’s question was know thyself is because what I worry about, I think you’re spot on is that if we look back on this 10 years in the future the decision of when to buy it right now in one lump sum or dollar cost average it over the year is just going to be very minimal on your long-term success. However, from a behavioral standpoint, you said it yourself, I just started investing. What breaks my heart and I’ve told stories about neighbors and others when I have neighbors very successful, they come from other countries and they hear me talk about investing like “hey I’d like to get in on that” and then when I help them set up their first accounts but then they experience that first 14, 15% intra-year volatility and they’re like “oh this seems risky” and they immediately shut down the behavior. That breaks my heart. So, you’re right. 10 years in the future, this will not have an impact. But in this moment in time, what do we have to get you over that behavioral speed bump for me that is if you’re worried, Mason, that you would be devastated if you invested all of your Roth and all of your wife’s Roth and then you watched the market go down 15%, that you would probably have a reaction to that, then definitely set up a dollar cost averaging structure. So then it also makes it automatic. What is not the right answer is what I see a lot of people doing is they just go to full stop and they say I’m just gonna wait until, you know, essentially I get a sign from the Lord that I should be investing, that this is the perfect time to be investing and there’s just never going to be, there’s always going to be something that scares you. There’s always going to be something. So doing something is better than full stop. Now, if you’re a person, you’re kind of a cowboy, you’re already risk, you know, because you’re young enough, there’s nothing wrong. And that’s why we did try to, I don’t know if the content team’s going to be able to pull it up because we’ve done shows on all the money rules. We have like a Goldilocks investing when you’re trying to figure out if you’re lump sum versus dollar cost averaging. It all is tied to what is this level of money to your total net worth of investable assets. Now, since you’re brand new at the beginning, this might be all you’ve got, but I still like the thought of you setting up a monthly investment allocation so that you and your spouse actually carry this behavior into next year, into two years in the future, into five years in the future. You are going to make it happen no matter what’s going on in the market with volatility.

Bo: As you’re talking, I thought about we have a dear client, Brian, that you and I worked with for a long long long time, 15, 20 years now. And she told us one time, she’s like, “Guys, I’m really nervous about the market being high right now. And I’ve got some cash and I want to put it to work, but I’m so nervous. I’m so scared. I’m so uncomfortable. I’m just going to wait until, I’m just going to wait till the market goes down a little bit.” And this is what you said to her. You said her name, Mrs., you said, you mean to tell me that right now while the market is making money and everything’s happy and everybody’s green, you’re nervous to invest, but when things start getting scary and the market starts going down and people are getting uncomfortable and all the headlines are telling you how scary things are going to be, that’s when you’re going to be willing to like enter in and begin investing. And she was like, “Oh, no, no, no. I don’t, that doesn’t sound right either.” And that’s why we love dollar cost averaging because it removes the emotion of having to make a hard decision either at the top or at the bottom. All you have to do is make the decision to get my money working now. So I think a lot of people are sitting there thinking today, oh, I’m just going to wait until it looks a little bit more attractive. The absolute best time to invest is when it is the absolute scariest. So if you’re scared right now, there’s a really good chance you’re going to be really, really scared then.

Brian: Yeah. No, that’s why you just always be buying. It cuts right through that. It’s kind of like, you know, back to the Days of Thunder. You just drive through it.

Bo: Drive through it. That’s right. Get me out of the car, Cole. Get me out of the car. Do you even know that movie?

Rebie: Only because of you two.

Brian: Disclosure. Well, you know, I felt like things would come full circle. You could, you guys, you know, Brad Pitt had his Formula 1 movie. You could then go watch Tom Cruise in Days of Thunder and you get the full story arc of auto racing there.

Bo: I’ve only seen clips of it to be perfectly clear, but I know the reference.

Rebie: All right, Mason P, thank you for the question.

15-Year vs 30-Year Mortgage (20:18)

Rebie: Next question is from Barclaydale3551. It says, “Would a 15-year loan at a lower rate on a first home be mathematically optimal compared to a 30-year loan if you’re planning on staying for a minimum of seven years since more money goes to the principal to roll into a down payment on a second home?”

Brian: It depends. Look, all I can do is tell you my story is because I was—Look, I’ve traded in my tight wad card, but I loved that when I did a 15-year mortgage on my second house when I, because I had my starter home and then me and my wife relocated, you know, still in the same community, but we just went down like 10 minutes south to a nicer house. And I’ll never forget, I did a 15-year loan, and I was so proud because I saved a half a percent on that. Fast forward to when I needed to move to the third house when I moved to Tennessee. I couldn’t sell the house in Georgia because the market was horrible in South Atlanta at the time. So I ended up having to rent it out for two or three years before I actually sold it to get the proceeds out of it because all I did was I prepaid all the negative equity because the house lost tremendous amount of value during this period. But I ended up, it was that 15-year mortgage kind of bit me a little bit is because I felt like from a cash flow perspective, I had to carry both homes for a period of time. Whereas we had this kind of conversation. I mean, and I’m not trying to bring it up indirectly, but there’s this whole talk about 50-year mortgages, and I know that that’s controversial.

Bo: We knew it was coming.

Brian: Well, no, but I think that look for a lot of you, I think if we all when in doubt zoom out on just life, a lot of life is unfair in the fact that your resources when you’re young in the messy middle is unfair because you’re fighting and you think about it in your 20s and 30s, you got all these things happening in your career, in your family, and you’re not in your peak earning years, but yet you’re expected to get it all to happen right now. It’s back to that analogy I keep because I’m loving this. I’m trying to figure out how to build it into our content is you are definitely putting 10 biscuits in that five can package of biscuits. I mean, this is, I’m loving this thing because it’s everything southern about me that I love. And that’s what, that’s life for every one of you guys. So, if we could figure out some way to help you navigate that inefficiency of your income structure to when you get older, like when you get in your 40s and you start getting into those peak earning years and also the kids, yes, they’re getting more expensive in the fact that maybe they’re going to college, but they also get scholarships and all these other things, you’re going to find out all of a sudden, look, money is not as hard as it was when I was in my 30s. I just need to find a solution that helps me build the bridge over that, but still lets me continue to invest, continue to live life to the fullest. And that’s why I like the flexibility of the 30-year mortgage because looking back with wisdom, yes, I saved a half a percent on that, but man oh man, did I cause myself some tightness of margin because those payments were substantially larger on the 15-year mortgage than they were on that 30-year. And sometimes I just had inefficiency, especially being self-employed, being a business owner who had started a company. There were months where man oh man, I wish I’d have had a little more flexibility in how my cash flow was laid out.

Bo: Yeah. I think you know, one of the questions I would answer or ask is where are you in the Financial Order of Operations? Because 15-year mortgages are not inherently bad. Don’t misunderstand what you just said by us saying we don’t like 15-year mortgages. Nor do we dislike 30-year mortgages. There is a time and a place for each one. I just, I have a really reliable resource. I just Googled this to look at where rates are right now. Looks like 30-year rates are at 6.25 and 15 years are at 5.6. That’s not like a huge spread. I mean, it’s okay, but that’s not like a huge spread between those. And so, if I’m making the decision between a 15 year and a 30-year, I’m going to ask my question, okay, well, what have I been doing from a wealth building standpoint up to this point? And if just like you said, if I’m early on in my journey and I’m not maxing out my Roth IRA, I’m not doing the HSA, I’m not putting money to work for me, I understand what my wealth multiplier is, then yeah, maybe I think about doing that 30-year mortgage. But if I’m someone who’s got a decent sized portfolio and I’ve been doing the things, and I’ve been in step seven, been in step eight, and I decide that I’m going to, you know, move to my second home or whatever, and I want to be on a path to pay that debt off. If that’s one of your goals, we’re not going to fight you on a 15-year. But I think it’s much more dependent on your individual and specific situation than oh well, which one is always mathematically the best one? Because it changes and it varies depending on your circumstances.

Brian: It’s that whole arc I was just talking about is that where I ran afoul of this rule is that I was in the make wealth phase early is that I had income coming in, but it wasn’t my peak earning years. I had lots of things pulling on that with life, with family, with, you know, trying to save and be responsible for the future. I needed something that gave me the margin to allow me to invest. Now, when I got to the maintain wealth, like I said, in your 40s, all of a sudden, it seemed easy. Now, I could de-risk by paying down the debt. And that’s my own journey that I’ve experienced is that, you know, you see the stat. I’ll never forget when I read Everyday Millionaires, he talked about how millionaires pay off their mortgages in 10 years. And you read that stat and you’re like, “Well, gosh, that means that I should probably pay off my mortgage, you know, in 10 years.” Well, if you’re in your 30s, no, you shouldn’t because you’re not going to have the cash flow coming in to do that. That stat is flawed in the fact that for the majority of millionaires, when’s the average millionaire get made? It’s age 47. So, if you think about it, yes. What is my rule? Once you’re over 45, you’re more than likely in that maintain wealth phase. You should go pay off. I resemble because my third house, y’all know I paid it off. I didn’t live in that house for 10 years. So, I once again resemble the stat that was given, but I have the additional context is this was my third home. It wasn’t my first house. It was my third house that I was, you know, now my income had gotten to a point. And that’s why I just don’t want you guys to extrapolate that to put the pressure on yourself when you’re already limited on your resources. You’re in the messy middle and you got your kids pulling on you. You got your career. You got your community pulling on you. And then yes, you’re supposed to max out your Roth IRA and your 401(k). You’re like, I can’t do it all. I’m like, there’s a time and a place. So, you need to know where you are. Are you in the make wealth? Are you in the maintain wealth? There’s a time and a place for all these things. And that’s why we wrote the Financial Order of Operations. So, you don’t have to try to figure out how to do it. We’ve already built this for you so that you can not feel like you’re working against yourself.

Bo: Love that.

Rebie: That’s great. Well, Barclaydale, thank you for your question and thanks for being here.

Car Accident – Repair or Replace (27:53)

Rebie: Nathan C’s question is up next. It says, “Hi, Money Guy team. I am 27 and have just gotten into a car accident.” All are okay, though, so that’s good. That’s the most important part. Car accident’s the worst, though. I know, right? But the damage to my 2011 Corolla may have it totaled. I’m saving 38% of my salary. Is it time for a new car or repair out of pocket?

Bo: Man, this is one where we got to ask a bunch of questions. How many miles are on the Corolla? Right. How’s your maintenance been on the Corolla? How dependable of a car is it now? Now, here’s what’s likely happening.

Brian: Well, he’s not going to get to choose that. If the car is totaled, they’re just going to send him a check.

Bo: Well, that’s what he’s saying. But right, he can repair it out of pocket. Isn’t that his question? I can repair this out of pocket.

Brian: So, you go drive around a salvage titled car?

Bo: Well, that’s kind of where I was going with my line of question. Is the car like when you actually look at the value of the automobile? Is the money you’re going to put into it actually more than what the car would be worth? Right now, if the insurance comes out and said, “Hey, we’re going to total this. It’s not worth us fixing it,” so it’s likely not going to be worth you fixing it. But that’s a decision you’ll have to make for yourself. It certainly seems to me like this may be time for a new car territory.

Brian: Agreed. Yeah. I mean, but there’s nothing that says that you can’t, you know, because when you’re dealing with your insurance company, it’s kind of a somewhat of a negotiation of the fact that you go out there and you look at the market and you say, “Hey, well, there’s no really 2011s for sale at this price that had this level of mileage, but I found this 2013 that’s very similar and there’s only a, you know, $1,500 price difference.” You can negotiate with your insurance or the, you know if somebody hits you specifically, go advocate for yourself for sure. I mean that’s what, don’t let this, this is what I always tell people. You have to advocate for yourself especially if you’re not at fault. And I’m dealing with this right now too. I had somebody rear-end me and believe me there’s going to be content coming from this because, you know, they’re just giving me fits on like rental cars and other things and I’m documenting and I’m going to make sure I come out on the other end of this. Okay. But it’s because you have to know what your rights are. You have to advocate and realize these insurance companies don’t want you filing complaints with the state insurance commissioner. So you have options. You have rights. You just need to go make sure you’re advocating for yourself. So, I’m not saying, now what I don’t want Nathan to do is to use this bad situation to then turn into a worse situation by going out there and running up a bunch of debt. Because look, we always say think Corolla, not Land Cruiser. And here’s Nathan’s already, and he’s already saving by the way 38% of his salary. So, we are doing full-on financial mutant wear here. So, that means there’s probably some margin. You just have to figure out this is where the depends comes in. Do you use this as an opportunity to stay right where you are on the vehicle or maybe, I mean do you have a growing family? Do you have things where maybe this is the moment in time to where you are changing the vehicle that you’re driving? I don’t know that without more details.

Bo: And I just want to encourage you because 27 you’re still young. Oftentimes we see people that are so tight, or tight has a negative connotation. They’re so frugal. Frugal has a good connotation. Yeah, frugal. That’s a compliment, right team? Oh, look at the team. Did you see that? Unanimous thumbs up from the entire team saying absolutely frugal is a compliment. It’s better than tight wad. Here’s where I’m going with this.

Brian: We should have been frugal fanatics instead of tight wad nation then. That would have been better, right?

Bo: The man, you made me lose my train of thought. No. What I was saying, 27 years old, oftentimes you see people that are so frugal they become penny-wise and pound foolish. Say, I’m going to go buy this beater. I’m going to drive this car and I’m just going to really really focus on how much I’m paying to buy and acquire this car. And they don’t think about, oh man, it’s in the shop every eight months and I got to get this fixed and I got to get this fixed and I got to get the—and slowly this car becomes something that it’s $200, $400, $200, $300 over and over and over and over and over again where there’s a good chance you might have been better off buying a slightly more expensive car that you have to put less into for maintenance. Whenever you think about car ownership, we want you to not just think about acquisition cost, but we want you to think about lifetime total car cost. And oftentimes the car with the lowest purchase price does not mean it’s going to have the lowest lifetime total cost. Brands also factor in there with depreciation, but it’s something that should go into the calculus that you’re doing.

Rebie: That’s great. Nathan C, thank you for the question.

Frugal Poll Discussion (32:31)

Brian: That thing. No, it’s fine. Hey, quick poll. Is frugal—Can we have a poll? Do we have a poll? I mean, without a doubt, everybody who’s tight is going to call themselves frugal. But like, if someone referred to you as frugal, would that be like, oh, how dare you? And definitely for the first 20 years out of college, I would say yes.

Bo: Really? Rebie, is that offensive to you if someone were to call you frugal?

Rebie: Maybe it depends on the context for me.

Bo: Hey, Rebie, you’re frugal.

Rebie: Okay, I guess I take that as a compliment.

Brian: You know what that is? No. You know what that is? That is no different than a southerner saying, “Bless your heart.”

Rebie: Oh, okay. Well, all right. Well, no, but from you guys, it is kind of a compliment because you want people to be good with money.

Bo: I thought that’s way better than like tight wad is like I don’t want to hang out with them, but I’d hang out with a frugal person, right?

Rebie: Okay. All right. All right. All right. Ready for the next question.

High Housing Cost Area Retirement (33:32)

Rebie: It says, it’s from Trhakala. I’m gonna just go with that. It says, “Hi, Money Guy team. My wife, who’s 35, and I, who’s 37, live in a high cost, high housing cost area. Most retirement calculations include a paid-off home. That isn’t possible within the 25% rule. How do you adjust retirement targets?”

Bo: Most retirement calculations include a paid-off home. Well, so do you have to have a paid off home in your retirement?

Brian: That’s where they’re retiring at 40 and yeah, there are 35 and 37. I mean, we’re decades from retiring. Wondering what the mortgage looks like in that case, too.

Bo: And I want to be very clear, our desire, our preference would be when you get into retirement, when you get into financial independence, we want you to be completely debt-free, mortgage included. Like that is the prototype that we’re shooting for and aiming for for retirement. But Brian, we see this and we see this with a number of our clients. That doesn’t always happen. That’s not always a certainty that that’s going to happen. So, I hate them thinking, “Oh man, I’m super discouraged because I live in a high cost of living area and that’s going to be one of the goals that we’re going to have to have even post financial independence.” But I think a goal should be to have the house paid off. But I don’t think that’s going to be one of the things that’s going to substantiate whether or not I could actually retire. You agree, disagree, or want to fight on that?

Brian: Well, I need more context because I mean, if they’re retiring 55, 60, I mean, we are two decades in the future. And that’s just there’s going to be so much that happens that I think everything should be still a variable of what’s the savings rate, where are you going to retire? Because how many people do we know that made all their money out in California in the technology areas, but as soon as they retire with their big pot of money, they typically go relocate somewhere else in the country and take advantage of an arbitrage situation with how much their income has grown versus what their purchasing power is somewhere else. So it’s just there’s too many variables. But I do think unless they’re planning on retiring at 40, you don’t have to think that in terms of paying it off and I look, I do have, this is where personal finance is very personal. I have clients that when we get it and like when we look at their cash flow, I want them to be debt-free, but when you see that they have a 3.25% mortgage and you know they’re down to owing this much money and but their cash flow is very clean this way. We’re going to be realistic with, we’re not going to blow up the plan just so we can check the box on a rule if it doesn’t actually fit into what’s the ideal, you know, maximization opportunity for them, even risk adjusted.

Bo: Love it.

Rebie: Trhakala, thank you for the question. So, we did poll our audience and so far 88% of people say that frugal is a positive term. So, they’re with you.

Bo: I’m sorry, what percent?

Rebie: 88%.

Brian: That 12% is so offended. He’s like, “What is this? I’m not 88%.” Everybody in here, you’re all watching financial content. Go ask your relatives. Let’s go Thanksgiving in two weeks. Go home and ask at Thanksgiving, is frugal a good term or are y’all, you know, saying, “Bless my heart.”

Bo: Don’t even ask. Just call them frugal. See what happens. Say, “Hey, cousin Jimmy, you’re looking awfully frugal today.” And I bet he’s going to be like, “Yeah, I’ve been working on that.”

Rebie: Oh, that sounds bad. See, see, I’m going to defend you, but not in that context. It’s true. Like something like cheap or penny pincher, like those are like different. Those are negative to me, right? But maybe frugal is just like that’s fine.

Brian: We should be frugal fanatics instead of financial mutants, I think.

Rebie: No.

Home Repairs in FOO (38:54)

Rebie: All right, Jarett N has a question. It says, “Where do home repairs fall in the Financial Order of Operations? We are in the messy middle and need drainage repairs on the outside of the home. Should we sell investments, get a loan, or stop investing to save up?”

Brian: No, but here’s the thing. But you can give some good context here for—You know what your worst nightmare is with home ownership is water. Water is, I mean pipes bursting, water coming in underneath the basement, in your crawl space, water is your least favorite thing. And guess what? This is not a place where deferring, you know, deferred gratification doesn’t work with water damage. Problems that are bad today only get worse because what happens when you leave water damage? You either get, you know, deterioration, it creates mold, there’s all kind of horrible things. So, this is a no-brainer. If you have water stuff going on at your house, this is an emergency reserves type thing because we can’t really push this off. It’s just like all of a sudden, if your house starts leaking, the roof starts leaking, you’re only going to keep the blue tarp on there for a few days, I would hope. You know, we need to be working on something that’s a little more long-term. So, I would address this as an emergency reserve.

Bo: Yeah. It’s interesting that was the way that you interpreted the question because it said, you know, I’ve got some drainage issues going on the outside of my house. I was not thinking about water like draining into the house. I was thinking this is like, oh, this is like a swampy backyard. Yeah. That kind of stuff. And so, I think that’s a great, some great context. It depends on when it comes to home ownership. You as a homeowner have to be sort of an advocate for yourself. What are the things that fall into the emergency realm? And I would argue water in or near the house. Absolutely an emergency. But if this is another type of home repair that’s maybe not something that’s a necessity, just killing the trees. Yeah. Maybe it’s water runoff or maybe it’s something like, oh man, it’s really we need to update the windows. We need to repair like those sort of things. Where does that fall into the Financial Order of Operations? I do think it is something that falls in the like emergency fund saving up as a sinking fund in addition for those things that are coming. But you have to assess that because if it is an emergency thing, oh my goodness, I have a hole in my roof or I have water damage in my house. Then yeah, maybe I need to sell investments to do that. Maybe I need to take out a loan to pay for that. I need to pull my emergency fund. I need to find some way to do that. But if it’s a home renovation that is a convenience thing, then it’s like an improvement to the home. Like, oh man, we really want to add a back deck so that we can enjoy it next spring. Well, I’m probably not going to sell investments for that and I’m probably not going to go take out a bunch of debt for that. I’m probably going to figure out how can I systematically save for this over time to be able to do the repair. So, I think you have to triage how like we’re going to do, what’s the little window called? Oh my gosh, I should be able to think of the name of it. You got, it’s important, not important, urgent, not urgent.

Bo: It’s fast, expensive, or good.

Brian: Well, no, no, no. Yeah, we’re doing two different makers.

Bo: Yeah. So, you have this sort of these quadrants, right? And you have stuff that’s highly important and stuff that’s not important. You have stuff that’s highly urgent, not urgent. Well, if it is very important, it’s very urgent, you got to do whatever you can to solve that. If it’s important but not urgent, you have time to get there. If it’s not that important and it’s not that urgent, you got a bunch of time to get there. So, you have to kind of map out where it falls on that little four-paned grid and make a financial assessment based on that. You were talking about you can have things done three ways. They can be fast, it can be cheap, or good. You only get two of the three. You can’t choose.

Brian: You don’t get all three. You get two of the three. That was a Bernie Mac. I’m sure Bernie’s not the one that came up with it, but it was his show that introduced it to my life. No, I agree. I think you have to triage. Whereas, I immediately jumped to because look, I’ve had a traumatic experience where pipes burst when I lived in Georgia and my wife couldn’t figure out how to cut off the water. So I had to drive 15 minutes home and you know water’s just spilling from the, you know all over the house and it’s just, so I have a natural reaction to water in houses. That’s why when people tell me, you know, when I watch social media, we live in a also a high cost of living area, but these people are building monsters. You know, I guess if you’re moving from California or Chicago, you feel like you need an 8,000, 10,000 square foot house. And I always think about how many pipes are in the walls, how many pipes. It’s just I don’t want, I don’t need that big of a house. That’s just more junk that could cause water damage. Stress me out. More junk to break. I turn into my dad every day.

Brian: I love it. I love it. More money, more problems, right?

Bo: Oh, I wonder.

Brian: Well, look at Rebie pulling out some Biggie.

Bo: I’ve been hanging out with you for a long time.

50-Year Mortgage Discussion (43:42)

Rebie: Okay, I have the results of the poll. Okay, are you ready? I’m ready. We said, what do you think the Money Guy’s take on a 50-year mortgage will be? And 83% said against it. 83% against it. How many said for it? 8% said for it. 9% said not sure.

Bo: So, our people are certain, Brian, they are certain that we would be opposed to 50-year mortgages. Now, before we talk about this and we sort of postulate and hypothesize here, I want to be very clear. We don’t know anything about 50-year mortgages. We have no idea about what they are or how they’re structured or where it’s coming from or what it’s going to look like or anything around there. But conceptually, I think that we can talk about it because we’ve talked a lot, Brian.

Brian: Can I ask some—I need some context because here’s my context. Last night, I had some business owners who send me Babylon Bee because, you know, because Babylon Bee posted something where Dave was on life support because of 50-year mortgages. That is my only exposure is just people asking me, you know, reactions and I haven’t seen—So, was this a tweet? Was this a press conference? Where did the, what’s the context that made all this happen? I know this is a President Trump thing, but I don’t know if because sometimes when he’s getting on like Marine One, you know, he’ll yell out something. Sometimes it’s a Truth post that somebody’s retweeted. What’s the—What created this?

Bo: I don’t know the answer to that. And I don’t—So, I think one of the things, it still seems pretty speculative. Nothing has actually happened. But conceptually, I think what I want to have a conversation around is conceptually, if a 50-year mortgage were an option. Right. If it were a thing that came to be, and let’s just assume that it operates in the way that we understand mortgages to operate right now as a 15-year or a 30-year because I don’t know if it’d be fixed or whatever. What are our thoughts on that? Because our audience obviously knows that of course we have an aversion to debt. We say all the time that why on earth would you want to borrow your entire life? At some point you have to actually own something. At some point you have to, it’s why we have plans and strategies put together where we want our people to be completely debt-free. When it comes to buying a car, you know what we think is the absolute best way to buy a car? Pay cash. If you’re someone who can pay cash for it. When it comes to having a home and having a mortgage, do we want you to be mortgage debt-free in financial independence? Absolutely. That’s something that we desire to be true. So, if a 50-year mortgage came around and were an option, what are our thoughts on it?

Brian: I think the answer I’m going to throw out there is it depends because that’s what I look at as money’s only a tool. Here’s what I do know is and look I try to once again we have this no hypocrite, not trying to be a hypocrite and I think about because I have a unique context in the fact that I’ve been broke as a joke but then now I have resources and I always think about what got me to where I am and how do I navigate these things. And there’s a current problem that I see for young people is affordability of housing and right now literally this is what I love about our policies, we’ve always been very honest that on first house, you don’t have to put down 20%. Even though talking heads forever were telling people, you know, save up, put down 20%. We’ve been consistent well before all these housing problems started happening on affordability, we were saying no, 3 to 5% because I couldn’t afford. I was broke as a joke. I only was able to save up about 3% on my first house. I found out all of our financial advisors did the exact same thing. I’m like, wait a minute. If this is what people who are good with money actually did to get their foot in the door, why are we letting all the talking heads say 20%? So when we designed our rules, we were like, “No, don’t put that pressure on yourself.” Because like I said, your cash flow over life is going to be so inefficient. Because while you don’t have money and you’re young and the money is the most valuable to you to save and invest, it just doesn’t exist because you’re not in your peak earning years. So you’re once again trying to put everything into a period of time where you don’t have it. You fast forward to we just came through an inflationary period where home affordability sucks. It’s just bad right now, especially in a lot of these areas that people want to live in. So, and I have not seen anybody come up with a really good solution on how we’re going to help people navigate this. So, at least I like the conversation piece because this might be potentially a band-aid for just like the 3 to 5% rule because nobody actually just puts down 3 to 5% and then just sits there with that or you know even also realize I lived through the interest-only loans back that got us into the horrible Great Recession. And I was one of those people also by the way because realize I had started, when I bought my second home, I had just started my business like a year or two before. And so money was tight. I mean, this thing was not, we were in that first three-year band where this thing was not guaranteed to make it. I was on an interest-only loan. This is back when they—

Bo: What was your income? Stated income.

Brian: That’ll do. Yeah. You know, you’re not going to verify it. You know, so I’ve used these tools to come out on the other side. It doesn’t mean that you go and exploit this to your future self’s detriment where you’re going to use this to go run up more credit card debt to go buy a nicer car, but if you were just trying to because what breaks my heart is what happens when I tell somebody you only have to put down 3% to get in your first house, but yet the housing market appreciated so much last year that you saving up that 3% now is just the increase in purchase price. So I at least like the discussion, but I think that it’s going to come up to once again, where are you at in your phase? Are you in the make wealth phase? Are you in the maintain wealth phase? Are you in the multiply wealth phase? For those of you in the messy middle, this might let you get into home ownership to where now you’re not going to be subjected to rents going up through inflation and other things. But that doesn’t mean I want you to stay in these things. You have to treat it as a tool. And who knows if it happens. I at least like that it’s creating a conversation on affordability because I have not seen anybody really coming up with what is the younger generation going to do to start working towards this home ownership problem.

Bo: I think I saw this last week and content team correct me if I’m wrong on this but the average age for first-time home buyers just hit 40. Like you know it was mid to late 30s last year, was 33 just a few years ago. And so what I think this is the way that I see a 50-year mortgage practically playing out. And I’m thinking about people that come here. If you’re someone out in some other part of the country and you want to come become an advisor, you want to work on the Money Guy team here, you have to move to Franklin, Tennessee. It’s where we’re located. It’s where we want you to be. But cost of living here is hard. And so we have a lot of folks that are coming here and they’re starting their careers and they’re having some success, but housing is expensive and they want to start families and they want to set roots and that sort of thing. Well, if we’re telling people, hey, at the beginning of your career, it’s great. Do all this stuff, make all these great decisions, but hey, the average first-time home buyer can’t buy a house until 40. That stinks. And so, how does a financial mutant actually do this? Okay. Well, maybe 26, 27, 29, 30. Maybe I start and I go get my starter home and I do a 50-year mortgage. And you guys are right on the mathematics. Yes, it’s going to be mostly interest in the beginning and you’re not going to build up a ton of equity, but it is going to allow you to get on the ownership side of the equation. And what happens is through price appreciation on those homes, maybe over the next 5, 7, 8, 9 years, you are paying down some debt. It’s small because it’s 50-year mortgage. You are paying down some debt. Hopefully, the house is going to increase at the pace of inflation, somewhere between 3 to 5% on average. So, you are building some equity. And then when it’s time for you to go to your second home, you do have the ability to build up a down payment. You have some equity on this house. And what ends up happening is then when you do the next mortgage, you’re probably in a 30-year mortgage.

Brian: So yeah, we would have to create some nuance just like we’ve done. That’s right. It’s only, it’s a band-aid to get you in this. It’s a tool. Just like 3 to 5% down payment is not on every house. What do we tell you? We always have that asterisk that says on your second house when you upgrade to the larger house outside of the starter house, we always say you got to take the equity from the first house and put it in. That’s the 20%. This would be the same thing because I do not like debt. But I do think this is a unique thing that I’m not going to lie, if I was at the beginning of my career and I know that my future earning potential is on the upward trajectory, I’m probably looking at this and going this gives me some options to respect that 25% of housing because right now we have so many people that have 40% of their life, of their cash flow going to housing. How do we fix that? It’s hard. You know, how are you supposed to fund your Roth IRA and all these other things? I at least like that we’re having the conversation about it because it might create a tool for a moment in time, but also don’t misunderstand us.

Bo: I think a lot of people would potentially do 50-year mortgages and they would take advantage of it and it’d be exploited and it’d be a bad financial decision and it would not be great. But also, the people buying way more house than they can afford and having way too much of their income, they’re also going there. So, what I see 50-year mortgages potentially being is a bridge solution for financial mutants that would be able to get on the home ownership side and for young people who can’t get there just yet. That might be the solution. Now, from a society standpoint though, there’s going to be a lot of running amuck. But isn’t that every financial tool out there? I mean, look, we are in the generation of buy now pay later on every—that’s what a 50-year mortgage is like just a super expanded buy now.

Brian: It would be. So, you have to just know what it could and could not do and where the dangers are and be, it’s no different than me in this interest-only loan I’d used back in when I started the company and I moved to that second home. I was scared to death of it because I was like, you mean to tell me that I’m going to buy this house and all I have to pay is the interest on it. I’ll never own this house. And I always felt very convicted about the fact that this is, I’m going to use this product, but I’m going to dislike using this product until it gets me out of it. And I think that that’s the way you’d have to use this tool if it ever came to market.

Bo: Yeah. And most people have done 30-year mortgages. I can’t think through people I know who have not actually paid on a mortgage for 30 years. That’s not the norm. Most people end up paying on a mortgage and then they move and then they get another mortgage and they move and that’s kind of the way that it happens. So, the idea that someone’s going to buy a house today on a 50-year mortgage and 50 years from now, they’re still going to be paying on that mortgage seems low probability just the way that the normal housing life cycle works. But I don’t know because, you know, what they may do, hey, 50-year mortgage and five years fixed rate and 45 years variable. Well, that’s not great. You know, we’re assuming it’s a 50-year fixed mortgage. Probably wouldn’t be. Probably would be some sort of reset periods in there or something. But it’s interesting. It’s an interesting conversation to have. We want you financial mutants to own your life. So even if it did happen and it were a thing and you did take advantage of it, we want you to have a plan of how you actually build wealth and get outside of debt because financial independence, Brian always says, is the opposite of financial encumbrance. And so you don’t want to have obligations when you’re supposed to be at financial freedom.

Brian: And then this is why we talk about debt is always chainsaw dangerous. If you’re not scared while you’re using it, you’re probably using it wrong. Do you think, was that okay? Do you think we did okay on that one?

Rebie: I do. I think you may have surprised people, but I think we also knew you were going to say it depends. Well, like that’s not surprising. I did confirm New York Times released an article just a few days ago that says 40 is the new number for the first time home buyer age.

Brian: So, I do think that’s a new thing. It was 38 in—Well, I at least like having conversations on it because that is a problem if people are putting off. Y’all know as I get because I’ve done some of my walking tangent videos. I talk about how sentimental I’ve gotten now that my kids are getting older and I’m just worried that between AI, between housing affordability and other things, we’re just going to quit having kids. They just, all the old man in me that’s like population and sentiment, you know, family and other things. I’m like, all these things are just people are just going to keep pushing off life and that I don’t like it. I don’t think that’s a positive thing always.

Rebie: Sad. Yeah. Yeah. No, I get it. No, I think it’s good that y’all talked about it. Obviously, we don’t know a lot about it. We don’t know if it’ll even happen, but it’s an interesting thought exercise.

Bo: That’s what I want everyone to take away from—No, no one knows if this is actually even a thing. It’s kind of like this made-up thing that we just had a conversation around, but I do think it’s viable to think through. I love it. We just want to see potential solutions introduced out in there to help solve some of the very real issues that a lot of young folks are facing.

Brian: We just had a big team meeting with a primary advisor yesterday and it’s kind of the guidance I said is like there’s a system within our financial planning firm that I was like I think this is the right path because it’s nimble. It does this. It does this. And I was like but I’m always open if you have a suggestion for making it better. Not a complaint. I don’t like complaints without solutions because that’s just you complaining. But and I think I at least give this credit is that let’s come up with creative ideas, think about it. Let’s figure out how we help the next generation kind of navigate these things.

Bo: Love that. Yeah. No, fair enough. Good conversation. I’m glad that we got to chat about it. Something a little different, a little spicy.

Closing (57:39)

Rebie: But we do love talking about these things. And hopefully helping you build confidence on your financial journey. This is what it’s all about. So be sure to go to moneyguy.com. We’ll be back every Tuesday at 10 a.m. Central. But moneyguy.com is always there for you. So, we’ve got tons of free resources, archives of all of our shows. So, if you want to know more like about our home buying rules, we have a whole free download that walks you through our thoughts on buying a home. We also have a home buying calculator that will let you know how much house you can afford with Money Guy guidelines. So, be sure to check that out. Moneyguy.com/resources to continue the conversation.

Brian: Is all the new search stuff up there? Is all that ready to go or not yet?

Rebie: It is. And I was going to have visuals next week to tell everybody about it, but—

Brian: Tell them about it.

Rebie: Way to ruin it. But no, no. I’m just saying if I were a Money Guy and I’ve been listening for years or for months or maybe for weeks and haven’t been to the website in a while, I’d go check out moneyguy.com because the website has had some massive overhauls that Rebie is going to talk about next week.

Bo: It’s dangerous to ask this question with a hot mic because I could probably ask this as soon as we cut off the cameras. First to sneeze now. Well, no, but it is, what tomato-wise. Are people throwing tomatoes at us? Because that’s the thing. This is so personal finance. Sometimes I get caught up in the fact that we are math nerds and we’re always trying to give people the best answer for maximization. But then I know sometimes behaviorally people would be better if we just said no, you know, but we try to treat everybody like, hey, this is how I would approach it with money. I’d be curious what’s the initial feedback from the audience?

Rebie: I think I mean I don’t think anybody’s like throwing tomatoes. I think we had a lot of people very against it when we were first in the poll. Understandably like we get it. It’s not optimal. No negative reaction response though. But yeah, a lot of people said like yeah, it depends. I knew they were going to say that because and that’s kind of why we’re all here, right? Like we understand that there’s some nuance or like it’s a conversation worth having.

Brian: Yeah. I mean, a lot of people will run amuck with this without a doubt. Can you imagine? I mean, yeah. Like it’s only a matter of time if they had a 50-year mortgage that now you’d be able to buy your vacation property with a 50-year mortgage.

Bo: And if you have a whole mortgage—20-year car loan.

Brian: Oh, you mean? Yeah. You once again, you will never own anything in your life. We’ll just amortize it all out so you can afford anything for $200 a month, right? But that’s not the goal.

Bo: Yeah. Buy now pay later, you know, for housing.

Brian: Guys, we love creating content. And can’t you tell what I love is that I didn’t even get to see all the context, but we love you guys and how you bring ideas and you bring topics to us that we’re willing to let you see behind the curtain and we’ll talk about this stuff in real time. So, you know, right there in the moment, see how our brain works. And I think you can just see the root seed that sits at the nucleus of all this is that we really do want to help you become just better with your money and know how to navigate this because money is only a tool. But I at least want you to maximize. I want you to bedazzle your basic life. I want you saving a little bit today so you can of course build your great big beautiful tomorrow and live your best life without regrets. I’m your host. We’re all about the education, all about helping you become the best financial mutant you can be. Brian, Bo, Rebie, and the rest of the content team. Money Guy team out.