Financial Advisors React to HILARIOUS Money Clips

Financial Advisors React to Hilarious Money Clips (0:02)

Brian: Yeehaw. That’s what we’ve been told by the content team. Let’s see how funny they actually are.

Bo: Brian, I am so excited to see what they have cooked up for us today. Let’s dive right in.

Clip #1: The Brian Preston Impression (0:14)

[Clip] I do want to do more live coaching. You want someone that is representative of the average viewer.

[Clip] Cool. You make $350,000 and you’re like, “How do I invest a little better?” Go watch Money Guy for that. I want someone who I can really help in 60 minutes transform their entire mindset about money and unlock some things, give them some hope and motivation.

[Clip] I don’t know if we should also — I do a pretty good Brian Preston impression. Hey guys, Brian Preston here from the Money Guy Show. What’s up guys? Bo Hanson here and I’m so exc — that’s pretty good. And I’m friends with those guys so I can do that. It’s not cultural appropriation.

Bo: I’ll tell you what, George does a pretty good Brian and Bo, and I thought he nailed it. I thought honestly if I closed my eyes real tight and just listened, it would have been like you were right there talking to me.

Brian: Hey guys, Brian Preston here from the Money Guy Show.

Clip #2: “Go to College, Get a Job…” Career Advice Skit (1:00)

[Clip] All right, kid. What do you want to be when you grow up?

[Clip] I don’t know. I really like animals, so maybe I can work at a zoo or something.

[Clip] No, no, no. There’s not enough money in that. So here’s what we’re going to do. I’m just going to pick your dreams for you, and then you’re just going to do that your whole life. Does that sound good?

[Clip] I mean, not really. No.

[Clip] Great. So here’s what you’re going to do. You’re going to go to college because you don’t want to wind up working as a plumber. And then you’re going to get a steady job, which is going to afford you the ultimate gift, which is owning a home and having a family.

[Clip] All right, I guess I’ll give it a shot.

[Clip] Hey, I’m in my 30s now, and I did all the things that you said, and I still find myself to be deeply unfulfilled.

[Clip] Well, yeah. It’s because you don’t have a family or a home.

[Clip] I can’t afford one. I’m too bogged down by debt. The cost of living has skyrocketed. I have no job security because all the companies are trying to replace people with AI.

[Clip] Okay. Well, have you tried working harder?

[Clip] No. You know what? That hadn’t occurred to me. I’ll just work harder.

[Clip] Are you being serious? Because I actually meant that.

[Clip] No. Okay. Well, maybe it’s time to just pivot your career to something more fulfilling. Like, what was that thing you wanted to do when you were younger?

[Clip] I wanted to work at the zoo.

[Clip] Yeah, the zoo. Why don’t you just go work at the zoo?

[Clip] Because I’ve already put a decade into my current career and I’d be taking an 85% pay cut.

[Clip] Well, I mean, money’s not everything.

[Clip] That’s not what you told me when I was 18.

[Clip] Okay, I see what you’re saying. Well, maybe it’s just time to pivot to something a little bit more practical, you know, like trade school. Trade schools have become very affordable. Maybe you can go become a plumber.

[Clip] You told me not to.

Brian: The thing we try to tell our audience is begin with the end in mind. Nothing wrong with college, just know what you’re going to do with it. And if you’re not a college type of person, know what options you have that lean into your skill set, your aptitude, and the opportunities available. There needs to be an intersection of the opportunities with what you’re good at, and I think you’ll be better served that way.

Bo: And I think it’s also true: be careful letting other people dictate exactly what your journey needs to look like. Just because someone else said you have to go to college, buy a home, start a family, have exactly two and a half kids and get two dogs that may not be your journey. That may not be your path, and that’s okay. You need to decide for yourself what you want your future to look like and what steps you can begin taking today to move towards that great big beautiful tomorrow. Your journey may look very different than someone else’s, and that’s totally okay.

Brian: I’m starting to realize our team’s definition of hilarious might be different than mine.

Clip #3: The $20 Money Trick (3:30)

[Clip] I put down $20. You put down $20. Okay. I’m going to buy that for $30. So you make $10. I make $10. Thank you very much.

Bo: No, that’s not – wait. That didn’t work. That didn’t work.

Brian: He put down $20. He put down $20. The guy did give him $30, right?

Bo: Correct. Yep.

Brian: And then he only – wait. I put down $20. You put down $20. Okay. Now he sold it for $30. So you make $10. You made $10. I make $10. Thank you very much. No, you didn’t. You put in $30 to get $40. So he spent $10. The guy recording spent $10.

Bo: Yeah. It wasn’t zero sum. He actually made money, but the other guy did not make money. No, the guy made $10.

Brian: Yeah, the participant made $10. The other guy did not make $10. There was no wealth created in this. This was zero sum. Someone had to make $10 and someone had to lose $10. Run it back again.

[Clip] I put down $20. You put down $20. I’m going to buy that for $30. So you got $30.

Brian: Oh yeah. He put $50 in. He gave him $30 and put in $20. The dealer put $50 in, right?

Bo: Yeah, that worked out great for the guy sitting there having lunch. That was hilarious. We have to work on the definition of hilarious.

Clip #4: Why Credit Scores Make No Sense (5:03)

[Clip] You have paid off your credit card in a timely manner. Hooray! My credit score will go up. But because you used most of your credit this month, your credit score will go down. Using the credit I have is a big no no. Your request to increase your credit limit was approved, which improves your credit score. The more credit you have, the better it gets. Oh no, you tried to open another credit card to get more credit, which is extra bad. Of course, already having credit is good but getting credit is bad. The different credit score rating companies disagree about your score. So it has been boosted. It makes perfect sense that this score is out of 850.

Bo: That’s what we call a dramatization. Yeah, there’s some truth in that. When it comes to your credit score, there are really five things that affect it. Your payment history, how much credit you utilize, how often you are asking for credit –

Brian: I thought I was going to get the other two off the back. Are you not listening? You’re supposed to give me the other two.

Brian: Oh, wait a minute. No, we’re not playing this game. I just threw out three. It doesn’t mean I want to do a FICO score makeup session.

Bo: Have you missed your payments? What’s your credit utilization? How much of your credit are you using? What’s the length of your credit history? How many credit inquiries do you have? And then what’s the fifth one? Why am I drawing a blank on the fifth one?

Brian: Utilization. Did you say utilization?

Bo: Length of history. Oh, types of credit. Do you have revolving credit or non-revolving credit? Secured credit or unsecured credit. Those different — that was clean. That was super clean. You’re going to edit that up.

Donkey: Nope.

Bo: Those five different areas of your credit score affect whether it goes up or down and how you impact those areas. But they’re not all weighed equally. So if you miss a payment, very, very bad. Credit score gets hit hard. If you just happen to have another inquiry on your credit, it’s going to get dinged a little bit, but that only represents about 10% of your credit score. Your payment history represents 35% of your credit score. So not all five areas are created equal.

Brian: Can I be honest on your credit journey? Here’s your quick cliff notes on how to do credit well. Put an umbrella over the top of this: pay your debts on time. That’s the big one. Now, when do you actually start using credit? I think as soon as you go to college or you graduate high school, nothing wrong with getting a low-balance credit card to start building credit history. Don’t run it up. Just pay it off every month. Use it for gas and necessities, but then pay it off every month. Move slowly. Anytime you need to use your credit, you don’t want to go open up more lines of credit. And then just be consistent. I don’t like to game the system. Don’t open up 26 cards so that you can go get extra points or travel rewards, because it will ultimately hurt your credit. Use it responsibly. Use the 20/3/8 rule when you go buy your first car if you need to finance it. And you’re going to find that all of a sudden you don’t have to worry about this up and down with your credit score. It’s just going to consistently go up as you show responsible use of credit and of building and handling the tool of money.

Clip #5: “Should I Buy Nvidia?” Investing Meme (8:18)

[Clip] Hey, should I buy these tech stocks that just keep going up? Well, amazing run. Record highs. Nvidia’s up a trillion bucks in a year. P/E valuation stretched. Could keep going though. So should I buy it?

[Clip] I don’t know.

[Clip] Huge run there. Punched straight through 70,000. Solid momentum. Pretty volatile though. So should I buy it?

[Clip] I don’t know. What about gold?

[Clip] Yeah. Counterintuitive. Record highs despite the lack of yield. A bit of a head scratcher, but certainly a lot of demand at the moment.

[Clip] Should I buy some?

[Clip] Yes. Really?

[Clip] I’m just kidding. I don’t know. I’m just trying to figure out what to do with my money.

[Clip] Yeah, that’s hard. Do you want some more analysis?

[Clip] Is it going to help?

[Clip] I don’t know. Maybe.

Bo: Whenever someone says, “I just want to know what to do with my money.” If only there were an answer. If only there were a solution that could walk you through exactly what you should do with your next dollar. That is the mousetrap that we have built. That is the Financial Order of Operations.

Brian: I feel like I am a gunslinger and they took away my sidearm because every time somebody wants to know what to do with their next dollar, that’s the answer. And even when we were writing Millionaire Mission, one of the things we talk about is index funds are your friend. Because if you do an index fund, it’s already going to cover Nvidia, it’s going to get you exposure to things you want, and it’s going to get you exposure in a lot of areas. Even if it’s not doing gold directly, within the S&P 500 there are going to be companies affiliated with mining and other parts of gold. If you just instead of trying to beat the market, just be the market, you’re going to find that this law of accelerating returns, this innovation that keeps taking hold and keeps things running up and up and up – you don’t have to get cute with it. You can just be a part of it and be consistent with the behavior.

Bo: And if you subscribe to the always be buying mentality, you don’t have to ask the question, should I buy Nvidia now? I don’t know. Should I buy Bitcoin? I don’t know. Should I buy gold? I don’t know. But when you ask, should I buy the S&P 500 this month? Yep. Should I buy it next month? Yep. Should I buy it the month after? Yep. It removes the guessing from the equation. If you are always buying and you’re buying low-cost index funds, it’s a really easy way to set yourself up for a high probability of long-term success. You know what overcomes bad human behavior? A good system. That’s it.

Clip #6: Student’s Snack Side Hustle (10:53)

[Clip] I’m making more than my teacher simply just selling snacks at school. So you guys can see we’re already selling snacks. My break just started and I got to my spot. This dude sent me some Cash App. This dude gave me some cash. Another person sent me cash too. This dude came up to me, he’s like, “Hey, let me get some snacks.” Gave him the Cheetos, gave him the Gatorade, gave him the candy. He pulled out 20s. Went in class, sold the Gatorade. Gave him the blue Gatorade, but I went back outside because it was my lunch time. This dude got like five Ding Dongs. I don’t even know why he wanted them Ding Dongs. Gave that dude some Capri Suns. Gave him some Twinkies. Gave him some Airheads. Even more Airheads. They sold out of all my Airheads. He got a Sour Punch. He gave me the cash. And this is the bread we made.

Brian: In all seriousness, all through middle school — that was your hustle?

Bo: Well, before there was Sam’s and Costco, there was Pace.

Brian: I used to go to Pace with my parents and I would buy a big bundle of Now and Laters. If the only people who know what Now and Laters are is dentists, it’s because these things literally were sweet candies that would rip any type of dental work right out of your mouth. And you could buy a whole case of them for like four or five bucks. Then I could sell them at school for 25 or 50 cents a piece. And I was selling out of these things and I was like, man, I have who needs to work? I’ll just run a contraband candy shop right here out of school.

Bo: At the end of the day, this is how you can capitalize on an entrepreneurial endeavor. If you can find a way to produce a good or service at a low cost and then take that good or service and sell it for a higher cost, and if you’re able to sell something for a higher cost than you acquired it for, that’s called an inefficiency. You’re actually running an arbitrage. There’s a profit motive there where you can take advantage of it. So while this is happening on the school playground, this can also happen inside of your side hustle, inside of your side gig. If you figured something out that other people have not figured out, where you can acquire a thing or produce a thing and then sell it for more than it cost you to acquire or produce it, you can generate a business. You can generate profit. You can generate revenue. And that’s a beautiful thing. We love when we see entrepreneurship take hold even at a young age.

Brian: Now, I do have a question. At the very beginning of that video, I was trying to pay very close attention. Were there people pouring Mountain Dew or some sort of drink into the Cheetos? Did you see that?

Bo: I saw that. But I think the top might have been on there. Are you sure?

Brian: I think — watch. There’s another one coming. She’s pouring. The top was on it.

Bo: She was pouring.

Brian: If you watch at the end, the top was on it. Hold on. Just keep watching. Top’s on, isn’t it?

Bo: Oh no.

Brian: That’s lemon juice. They’re putting lemon juice in there. I thought he had sold a Mountain Dew and they were pouring. Now look, we did learn something. You know what? That might actually make it better. Not only do you need to always be buying, put lemon juice on those flaming hots. That’s what you need. I learned something new today.

Clip #7: Checking Your Portfolio From a Hospital Bed (14:27)

[Clip] Is he looking at the financial markets?

Bo: Yeah. If you have to check your stock portfolio while you’re laying in a hospital bed, your thinking about money and your portfolio strategy may be wrong if you have to stay that dialed in even at that moment. I don’t think that’s a great way to lower your stress. I’m not looking at my portfolio every day. I couldn’t tell you. People ask, “Oh, how’d the market do today?” A lot of days I don’t know how the market did. If you’re someone who’s tracking it every single day, every single minute, what you’re going to notice is that your emotions are going to be all over the place. If instead you can take the long-term view, what did it do over this quarter, over this half a year, over this full year, over this decade — I think then you’re going to notice it’s a much less volatile, much less emotional ride. Hey, look, since this is a hilarious episode, I think it is important to say health is wealth. So make sure you’re taking care of the body too, because the money’s worthless without the health.

Bo: That was a good one.

Clip #8: Monkey Explains Personal Finance (15:34)

[Clip] What accounts should monkey have by age 25, explained by monkeys. First, checking account. This is where monkey paycheck goes. Bills, rent, groceries, all paid from here, but bananas here barely grow. Second, high-yield savings account. This is where emergency bananas live. Lost job, broken monkey scooter, jungle disaster – emergency bananas save monkey. Third, Roth IRA. Put all the bananas in there so monkey doesn’t have to work forever. Monkey pays taxes now so retirement bananas come out tax-free later. This secures chill monkey future. Fourth, 401(k) retirement account from monkey job. Sometimes Boss Monkey adds free matching bananas too. Free, rare jungle blessing. Finally, taxable brokerage account. Monkey uses this to invest extra bananas into stocks and ETFs with more flexibility. Monkey finally sets everything up.

Brian: Yeah, I think monkey’s ready for Step 8 of the Financial Order of Operations. How about you, Bo?

Bo: I have no notes. Literally, the monkey was following the FOO and that was fantastic. If you’d like your own version of the FOO, you can go to — not monkey to learn — you can go to moneyguy.com/resources and download your free version today. So whether you’re a monkey, a minion, or Financial Mutant, keep building that great big beautiful tomorrow.

Final Thoughts and Free Money Resources (17:03)

Bo: You know what? Sometimes there are hilarious videos that you can find on the internet. But sometimes those hilarious videos can teach you something super valuable, like how to follow the Financial Order of Operations.

Brian: Go to moneyguy.com/resources. We’ll load you up with tons of free stuff. Build that foundation. Build your army of dollar bills so you don’t have to work so hard with your back, your brain, and your hands. I’m your host Brian, joined by Mr. Bo. Money Guy Team, hilariously out.