The Insane Math Behind Investing For Your Children (Use a Trump Account?)

Introduction: Compound Interest Power for Kids (0:00)

Rebie: If you think compound interest is powerful as an adult, wait till you see this crazy math for your kids.

Bo: Rebie, I am so excited to talk about this because you already said this. We know that compound interest is amazing. Someone even call it, I think Benjamin Franklin said, I don’t know if he really said it, that compound interest is the eighth wonder of the world. And we see how powerful it can be in our lives. Because when it comes to building wealth, there are these three ingredients we talk about. We talk about discipline. We talk about margin or money. And then the third component is time. Well, the one thing that children have more than all of the rest of us on average is time. And when we’re able to take that time component and apply it to finance and apply it to savings, it’s amazing what can happen.

Rebie: It’s really cool. And we’re going to get to that math. We also recognize we’ve gotten a ton of questions about the new Trump accounts. We also get a lot of questions about how and where to invest for your kids. So, we’re going to break down four of the most common investment vehicles for kids today. 529s, UGMA/UTMAs, custodial Roths, and the Trump accounts. And we’re going to give you a little high-level compare and contrast so you can see which one might be right for you. And then we’re going to talk about the math behind what’s going to go on inside those accounts.

Bo: Yeah, I think parents ask this all the time. Hey guys, I want to start saving for my kid. I want to build for their financial future, but I don’t know where to start. I don’t know how to discern the differences between the accounts that are available. So, we thought we’d just kind of walk through that.

Four Investment Accounts: Who They’re Built For (1:40)

Bo: We’ve already mentioned we’re going to look at four different types. We’re going to talk about Trump accounts, 529s, custodial accounts, and then custodial Roth accounts. And we thought first, okay, who is this built for? When can a child open these? We just think about sort of the age. Now Trump accounts don’t have to be opened at birth. They can be opened after birth, but because this is a brand new type of account, one of the benefits is there’s going to be some free money that flows into it. We’ll talk about that in a second. So, Trump accounts are generally thought of as like, hey, I’m going to open this when my baby is born. That’s kind of the going idea right now. 529s can be opened at any age. Now, we see this a couple times with Making a Millionaire guests. They’ll be like, “Hey, we want to have kids one day. Should we go ahead and start saving in a 529 for our unborn, unnamed, uncreated children?”

Rebie: Financial mutant thing.

Bo: It’s such a mutant thing. I would say no. When it comes to 529s, you really want to save for a child that’s likely already been born. So, that there’s a designated beneficiary. So, we’re going to say any age between now and college age. Custodial accounts can also be set up at any age. Now, this one, the person, the child does have to be born because they are going to be listed as a beneficial account. And then custodial Roth IRAs, again, this has to be for an individual that’s been born. But the unique caveat is that person, that minor, that child has to have earned income. So, those are kind of the ages at which you would set these up.

Contribution Limits and Free Money (3:03)

Bo: Now, let’s talk about the money that goes into each. So, we already alluded. One of the beautiful things about the Trump accounts is that if you have a child that was born in 2025 or 2026, the government said, “Hey, we’re going to front and load this. We’re going to make a deposit on your behalf, $1,000.” That is free money for your kids. And Rebie, how do we feel about free money?

Rebie: Amazing. It’s step two of the Financial Order of Operations for a reason, right? We love free money. And this is really why people are asking questions about these accounts, right? Like, okay, there’s free money in here. What is this like? Is this good? What’s going on exactly?

Bo: And so if you have a child that was born in those two years, you’re going to get this $1,000 seed fund from the government, but there’s also going to be a contribution limit where parents, grandparents, others can put money in there up to $5,000 per year. Now, one small caveat. There was a special grant done by Michael Dell where if your child was born, I want to say in the last 10 years, I think it might be January 1 of 2025 maybe. I’m going off memory here. And you can apply for this. There’ll be a $250 amount that you could be eligible for. I think it’s only for the first 25 million people that sign up. So, that’s going to be limited whereas the Trump accounts are not going to be limited in the same way. Just a little caveat to know about. 529 contribution limits. They can vary by state in terms of the lifetime contribution. So there’s like this big six figure number that you can put in there. But for most states where 529 limits exist are in the annual gift limit. So if you can give $15,000 per year, most 529s are going to limit the contributions you can make in there to avoid gift tax at $15,000. But there is a mechanism with 529s where you can do what’s called super funding them where you can bunch up to five years of those gifts together and put in a 529. But for most people in most circumstances it’s going to be the annual gifting limit. For UGMA/UTMAs, there are no contribution limits. So you can put as much money into these accounts for the benefit of your child as you like. But once the accounts reach a certain size and begin to create a certain amount of income, there are some different tax rules that apply. Obviously, there’s going to be no tax at a certain level and then at the next level, it’s going to be taxed at your kid’s tax rate. But then once it crosses over that, then it’s going to be taxed at your parent’s tax rates, at the adult’s tax rate. So don’t just assume, oh, I’m going to shovel all this money in this custodial account. I’m going to have it skirt taxes. It does not work that way. And then with custodial Roth IRAs, you can put the lower of the child’s income or the annual Roth limit, which this year in 2026 is $7,500. So if your kid makes two, three, $4,000, you can put or they can put two, three, $4,000 into a custodial Roth. But that income does indeed have to show up on a tax return, right?

Account Ownership and Age of Majority (5:53)

Bo: All right, next question. Who owns the accounts and when does the ownership shift? Because one of the things we want to do for our kids is we want to set them up but ultimately we want this money to become their money one day or be used for their benefit one day. And this does get interesting because the Trump accounts for instance they are child-owned and the child gets access to them at 18 which is great, they’re adults, but obviously as a parent you’re kind of thinking ahead, okay, are they going to be ready to take that on at 18. So this is another consideration for sure.

Rebie: And then whereas 529 is different than this because the parent owns that and distributes that money for education or for whatever you decide to do with that money for your child. The UGMA/UTMAs are also an irrevocable gift controlled at the age of majority. That’s usually the age of 18. It varies by state though, so go look that up depending on your state. And then custodial Roth IRAs are also child-owned since that is part of their earned income, right, that they’re adding to that. And they are also accessed at the age of majority. So definitely something to keep in mind because honestly like I’m hoping that by the time my child is 18 they’re smart enough or at least a little bit smart enough but you don’t really know that. So you need to think through that. How are you thinking through that?

Bo: Yeah. One thing I’ll just add on the 529s. It doesn’t have to be a parent. Grandparents can open them as well but there has to be someone who owns the account and then the child is the beneficiary, right. You know, it’s really interesting because we want to build for our kids, but at least at my kids’ ages, my kids are almost 11, almost nine, and three years old. And okay, I don’t think they’re watching. Well, they’re probably not watching. My oldest at 18 likely she’s making responsible decisions. She’s doing this doesn’t frighten me. We’ve already, she’s run this little side business, we’ve already started putting money in a bank account saving for her. My middle kid though I don’t know at 18, personality, right? It’s different even though they had the same recipe, same upbringing, they have turned out differently. So one of the things you want to be careful when you’re funding accounts for the benefits of your kids is recognizing okay when do they actually get the keys to the kingdom because what will happen is let’s say that you open up a custodial account and you open it at a Fidelity or a Vanguard or fill in the blank. They’re tracking the kid’s age and when your kid hits the age of majority at age 18 or age 21, you might just say, “Oh, well, my kid knows nothing about this account. They don’t know about it. I’m not going to do it.” You’ll actually get a letter in the mail from Fidelity saying, “Hey, we’ve noticed that the beneficiary in this account has now reached the age of majority. We’re going to lock down this account until that child opens up an individual account and you transfer the asset.” So, they kind of force your hand on that. So, as you’re funding these, as you’re growing these assets, you just want to make sure that you understand what’s going to happen with them and that you feel comfortable. And if you don’t feel comfortable about that, then there are some things you can change along the way. But again, this is one of those where you want to begin with the end in mind. Even with a Trump account, you might think, government’s going to put in $1,000 and it’s just easy. I’m going to put in $5,000 every year. Well, if you do that every year for 18 years and they’re growing, it’s going to be a lot of money. So, you just want to make sure that you’re setting your kid up for success.

Benefits and Drawbacks of Each Account (9:13)

Rebie: Yeah, that’s good stuff.

Bo: When we think about the benefits of the different accounts, I think the big benefit for the Trump account in my estimation is the free money. It’s the free money. It’s that free money.

Rebie: There’s a lot unknown that remains to be seen. So, the big win there is obviously the free money. Like, you could at least take that, right?

Bo: Exactly. I think Jake asked I saw the question. Hey, where does the Trump account fit in the Financial Order of Operations? Well, Financial Order of Operations, what to do with your next dollar? Trump accounts are kind of easy because it’s not your money. It’s government’s money. So, if you got a kid, if you had a baby last year, if you’re having a baby this year, open up a Trump account, get that free money. Yeah. 529s are also amazing tools, but they have a specified purpose. Those dollars are specifically for education. And it used to just be for post-primary education, so for college and that sort of thing, but now it can actually be used for K through 12 private school. So if you’re someone who’s thinking about sending your kids private or you want to save for college, specifically 529s are probably the best vehicle to do that. And now they’re sponsored by every state. So your state likely has a 529 plan that you could take advantage of. Now, if your state doesn’t have a tax incentive, there’s not a reason. You don’t have to have a 529 in your state. Like my kids, here in Tennessee, there are no state tax benefits from that. So, I have Utah 529 set up for my kids. It was when they were born, really good plan, really low-cost options, really good provider. For UGMA/UTMAs, these are unconstrained funds. These dollars can be used for education, but they can also be used for weddings. They can be used for first-time car purchases. They can be used for first-time home purchases. It’s free and clear money. So if you just want to seed money for your kids to kind of start out life, these are a great solution. And then custodial Roths are for retirement specific because remember once they turn to age 18, once they’ve hit age of majority, custodial Roths just become Roths and now it’s their Roth IRA, their money built for age 59 and a half plus. And so that’s tax-free growth. That’s right. As you’re thinking about which ones of these accounts to use, again, you want to begin with the end in mind, thinking through what’s the ultimate purpose of these dollars and how am I going to use them.

Rebie: And last but not Sorry, did you have something else? Tax benefits because we do have one more thing and we got to consider and they are the drawbacks. So, the Trump account like we said some things still remain unseen because they’re so new and what we do know and we have heard so far is that there are limited investment options. So, if there’s something specific you’re looking for, it may or may not be there. And so, you just need to keep that in mind. For 529s, you can only use these funds for education expenses. There is the caveat that up to $35,000 of unused 529s can be rolled over to a Roth IRA for the beneficiary, which is great. Do you have any caveats to that caveat? I feel like you’ve dove into this a lot.

Bo: Yeah. I think a lot of people think, “Ooh, this is going to be a huge planning opportunity.” You don’t want to overplan. I do not think that it’s a planning opportunity. I think it’s a release valve for over planning or for circumstances that changed. I’m not telling any of my clients, hey, here’s a strategy. Let’s get as much money in the 529 as possible so we can do that. But it is a great thing for kids who went off to college and got scholarships or maybe didn’t go to as expensive a college or maybe the 529s performed better than you anticipated. It’s a little bit of a relief valve to provide some relief. Now remember, it’s not like you can just take $35,000 in year one and dump it into a Roth. What it does is every year, whatever the limit is, if it’s $7,500 right now, it’ll take a good four or five years to get those funds into that Roth. And it does take away your beneficiary’s ability to make Roth contributions. So, just recognize that if you have leftover 529s, it’s a great out, but I would not think of it as a planning opportunity.

Rebie: No, that’s good. So, moving on to the last two drawbacks, UGMA/UTMA accounts. There’s no control over the distribution on those like we were discussing. And then also custodial Roth IRAs require earned income. So that’s not something you’re probably doing for your newborn baby. It has to be probably a teenager getting their first job. So that is obviously limited to when you can start that.

Bo: Can I throw a quick thing out there? We’ve had so many questions about Trump accounts right after the legislation was finally finalized. We actually sent out a blog post. And it came out, gosh, I wish I could remember when it came out, but it was fantastic. We kind of wrote through here’s everything you need to know about Trump accounts. Here’s what you need to know. Here’s how they’re going to operate. Here’s where we are in our current understanding. If you’re not subscribed, if you go to moneyguy.com, you can just subscribe to be on our email list. That’s where we send out the Beyond the Basics sort of newsletter, call it what you want to call it, where when these things happen we want you to be loaded up so that you can be prepared. So if you’re not subscribed to Beyond the Basics make sure that you do that so you can stay up to date whenever this kind of stuff comes out for sure.

Rebie: moneyguy.com and even if you just search Trump accounts that article and the place to sign up for the Beyond the Basics newsletter will be right there. And Bo is exactly right, that is a great resource to keep up with this kind of thing.

The Crazy Math: Wealth Multiplier for Kids (14:16)

Rebie: We do want to get to the math because we’ve gone through all of these investment accounts, the pros, the cons, the considerations, because at the end of the day, personal finance is personal. And so, when it comes to these new Trump accounts that are getting a lot of press, there is free money on the table there. So, we love that. You should definitely look into that. And then you should take in all of the considerations that we just said to make the next decision after you get that free money. But let’s do the math. Are you ready to dive into the math? The power of compounding and interest for a child is insane. If a child at the age of 15 invests $1, it will become $145 in retirement. So, $145 times wealth multiplier.

Bo: I think it’s one we talk about all the time. We have these little koozies that say this $1 koozie cost me $88. It’s the idea that, which is already incredible. It’s insane. For a 20-year-old, $1 invested by the time they get to retirement can turn into $88. But for your kids, it gets even more exciting. For a 15-year-old, they get their first job, maybe you’re like Brian’s daughter. You get your first job, you start working at Chick-fil-A, you get that first paycheck, you save that first dollar. Every dollar that you save can turn into $145. If you do it inside like a custodial Roth IRA, it’s $145 tax-free dollars. Insane.

Rebie: Insane. And then it gets even better. If you go back to age 10, say you start investing for them at age 10, their wealth multiplier is $239. And then a dollar invested on the day your child is born.

Rebie: Oh, wait. Oh, we had more. I’m sorry.

Bo: $647.

Rebie: $647 is for the newborn. And for a 5-year-old, there is $394 times. I’m sorry for almost skipping the 5-year-old, but you can see a $647 times, $1 turning into $647. Insane. So that is why we give you all of this information about these accounts so that you can take advantage of this power.

Bo: What that means is if you say, “Hey, I’m about to have a, I heard a little thing. We are almost here at Abound Wealth in the next 12 month period. I think we’re going to have close to double digits babies born.” I think that’s the number. I think there’s going to be in the 12 month period. We will hit like 10 new babies. Which is amazing and incredible. And what I think is awesome is a lot of these brand new parents are thinking about, hey, I want to make sure I set up my kids. Do you recognize that? Assuming that you’re at the right place, we’ll talk about in a moment that just saving less than $13 a month for a newborn. If I can just save $13 per month and over the course of their life, that can compound at a 10% rate of return. That’s all that it would take for them to be a millionaire. If you want to think about the lump sum, if you could just on the day that your kid was born, you could put $1,544 into an account and let that money grow until they get to retirement, you have put them on the track to a million. Now, before you say, “Oh, a million is not going to be that much.” You’re right. When they get to 65, a million won’t be that much. But you know what? You can’t get to 2 million unless you get to 1 million. You can’t get to 3 million unless you get to 2 million. That’s the way that it works. So, if you can start them out early and set them up, it’s amazing what can happen.

Step 8 Requirement: Put Your Oxygen Mask On First (17:29)

Bo: But there’s a caveat. You have to make sure that you’re doing this at the right time. Because far too often we see parents get this twisted. We see them get it sort of jacked around where instead of doing what they’re supposed to be doing, getting themselves on solid financial footing, they decide, “Hey, I’m going to start saving for my kid. I’m going to do the 529. I’m going to do the UTMA, and I haven’t even made it to step four. I haven’t even finished step five.” When it comes to saving for your kids, when it comes to helping them build for their financial future, that is a step eight thing. So, you should right now go to moneyguy.com/resources. Download your free Rebie. Can you hold the thing up for me?

Rebie: I have the copy. Thinking of you, Brian. There you go.

Bo: If you are not in step eight and you are saving for your kid, you’ve likely gotten it out of order. So, I would encourage you to recalibrate, reassess your situation to make sure you’re doing this at the right time in the right order. But if you are there, it’s amazing what can happen for your kids. And if you have kids that are old enough to begin to understand these concepts, I would say grab your phone, grab your iPad, grab your computer, have them sit next to you and say, “Hey, Junior. Hey, Sally, sit down. Let’s go to moneyguy.com/resources. Let’s check out the wealth multiplier tool. Let me just show you how powerful your dollars can be.” And we’ve had parents actually tell us, “Hey, this is how I educate my kids on how compounding interest works.” You would be amazed when those light bulbs start going off. And if you can get your kids turned into financial mutants early on, chef’s kiss. That’s the goal.

Announcement: The Moneyverse Discord Community (19:04)

Rebie: That was really good stuff. And now that we’ve talked about all of the kids and the investing and covered that, we’re almost ready to get to your financial questions. So be sure to drop those in the chat. I may be at the big desk today, but the team is still out in the wings gathering your questions and getting ready for a great Q&A. And I love these live streams, guys. There is really something special about our live stream community. I love being in the chat with you honestly. Like today, I’m doing more things than I usually do during the live stream. So, I’m not getting to be part of the chat. And I miss it because it’s so fun. I love joking with you. I love hearing what you’re thinking, all of those things. And so, I mean, it’s kind of a bummer, right, when we have to stop the live stream, send the chat into the abyss. We’ve also heard directly from you that you would love to connect with more like-minded people when it comes to finance, other financial mutants, because sometimes not everybody thinks about it the way that we think about it, right? And the way that you think about it. So, all of that is I’m saying this because we’ve been cooking something up that solves both of those problems. And I’m really excited to announce it to you today. You are formally invited to join the Moneyverse. So, the Moneyverse is our official Discord server for all financial mutants. And this space is built for people who believe that there’s a better way to do money. It lets you connect with other people. Have a place to go celebrate your milestones. We talk about milestones and goals all the time. So, you can actually share them and talk about them in a place where everyone’s going to get it and celebrate with you. You can get feedback, you can ask questions, you can talk to each other. And we are really excited to make this available for you. I’m going to be popping in and out of there. I’m excited to talk to you. So, please join in. We’re going to be posting content every week to start discussions, surveys to get your feedback. I’m really excited about this. So, go to moneyguy.com/moneyverse and join. It’s totally free to join. It’s a Discord server. If you don’t know Discord, that is okay. I didn’t know too much about it until we used it for Brian’s book club back when we launched the book. And it was really fun. So I’m excited to crack this server open to everybody and have some really fun conversations in there. So moneyguy.com/moneyverse. I can’t wait to chat with you in there. I can’t wait to see what you think and honestly even just get your opinion on the channels in the chat and just have new ideas of how we can post more content in there, better serve you and foster even more conversations.

Bo: I love this. When you go to moneyguy.com/moneyverse, I’m looking at it right now. There’s some FAQs on there to kind of walk through. Hey, what is this? How’s this work? What’s it for? This is going to be the first line, right? Oh, is that our little logo right there? Look at that. That’s the Discord logo. Look at that little thing. I like that. We are super excited that this is going to be a community where we can connect. It’s so funny. As soon as you started talking, do you know what everyone’s guess was? They’re like, “Hey, you guys have said you want more interaction and more connection” and everyone’s like, “Ah, mutant mingle.”

Rebie: So, it’s not quite mutant mingle, but listen, if we want a mutant mingle channel, there’s enough interest. Maybe we’ll do it.

Bo: That’s a thing. Maybe we’ll do it. So if you would love for you to go check that out. This is going to be where we’re going to be able to communicate with you guys. We’re going to be able to connect with you guys and hear the things that you have going on. You matter. Basically, our hope is it’s the live chat at all times, 24/7, which will be super fun.

Live Q&A: Staying Motivated in the Boring Middle (22:34)

Bo: All right. You want to answer some? Do you want to ask some?

Rebie: I mean, you can answer them if you want, but you want to I might answer some, but I do have some queued up to ask you. So, are you ready?

Bo: It’s really the question.

Rebie: Jonathan’s question is up first, and it says, “What is the best way to stay motivated financially when your short-term goals are met and you just have long-term goals you’re working towards?”

Bo: Oh my gosh. We just made this show, didn’t we? This is a show that we just talked about.

Rebie: Yeah. Okay, can I be honest? I’ve seen we were on our Reddit community actually and there was a lot of people talking about this like I’ve kind of done this, now what, what’s next? And so yeah, give us a little precursor.

Bo: It’s so funny. We often talk about the messy middle as this stage where you get married and you have obligations and you have kids and you feel like you’re being pulled in a thousand different directions and you have no discretionary time and no discretionary money. That’s the messy middle where it’s hectic and crazy and chaotic. But what Jonathan’s talking about is this other season that a lot of people hit. And I think the best name we came up for that season is the boring middle. It’s this idea of okay, when I first started out, man, I was on fire and I budgeted for the first time and I did my net worth for the first time. I got my savings set up for the first time. I did all these things and man, year 1, year 2, year 3, it was so exciting. But man, I’ve kind of developed that muscle memory and I’m kind of at that place where I know what I’m doing and I’m kind of doing the right stuff, but I’m not at retirement. I’m not at FIRE. I’m not at that season. I’m in the boring middle. And I think a lot of financial mutants find themselves in that. Like it’s very easy to get super excited right there at the very beginning of the journey and then it kind of falls off because wealth building frankly is a slow process, right? It’s not something that happens overnight. It’s not something that is necessarily super exciting when looking at the short term. So his question is how do I stay motivated? How do I do that? So he said short-term goals are met. I’m assuming that means like, hey, I got my debt paid off. Hey, I got my emergency fund. Hey, I’m saving 25%. Those are the short-term goals.

Rebie: Oh, Mundane Middle is a great name. We got to go re-record that show. Mundane Middle is the name of that. Next time.

Bo: So, I think once those short-term goals are met, the thing you have to do is you have to figure out and I’m sort of cannibalizing some content that’s coming. I think if you can find a way to establish what I would call mini milestones or mini markers. Hey, this isn’t necessarily the big financial milestone. It’s not the big financial independence. It’s not hitting the number. It’s not where my money is making more than I make, but there are small little wins that you can have along the way. And I’m going to throw some out there. Hey, what about when I max out my Roth IRA for the first time? Hey, what about when I actually hit 25%? What about when I actually hit the $24,500 in my 401k? If you can set up those small, I’m going to call them little mini goals, micro goals. Those might be the fuel. It’s not changing path and it’s really on the way to the big goal, but it’s a mile marker along the way. And don’t forget to celebrate it. So often we talk about discipline being that ingredient where it’s defer, defer, defer, defer. Don’t do, don’t do, don’t do. It’s okay when you hit a goal. Hey man, I maxed out my Roth IRA. Boom. Go celebrate. Hey, in the Moneyverse, moneyguy.com/moneyverse, we have a whole channel for celebrating milestones for this very reason. Or how about this? Like, hey, I just paid off my debt. Awesome. Go celebrate. Hey, I just had this hard conversation. I just got this promotion. I just had this. Figure out ways to set up mini goals and mini celebrations along the way. And I think if you do that enough, what begins to happen is it doesn’t become so mundane. It more becomes muscle memory, right? It becomes not boring. It becomes status quo. I would liken it to working out. Of course I’d liken it to working out. It’s really exciting when you first start on your fitness journey because you see a bunch of changes and you maybe you get stronger, you get leaner, you lose weight, you get fitter, whatever your goal is, but then you kind of settle in and you plateau. Well, what you have to do is you have to fight through that plateau that then the status quo, your normal state of being becomes the level that you want to live at. Whereas I’ll give you a really specific example. Traveling and vacation is a little bit hard for me because I’ll get out of my routine and what I notice when I get out of my routine and I’m not doing the same sort of cadence of exercise or whatever, my body actually hurts more. I feel worse when I’m not exercising. When I am exercising in the financial realm, the same thing happens. You will get so used to making sound, wise, good, solid financial decisions that it’s actually harder for you to make the bad decisions than it is to make the easy decisions. So, I think setting up those mini mile markers and celebrating along the way, Jonathan, is a great way to kind of keep yourself on that path.

Live Q&A: Financing a Pool in Step 8 (27:48)

Rebie: That’s great. Jonathan, thank you for your question. If you would like to submit a special rapid fire question for Mr. Bo Hansen, now would be the time you can add it. We’re going to do rapid fire today. We’re going to do it a little bit differently. But if you want to add a question for the rapid fire segment, just add RF at the beginning of your question in the chat. And what we’re going to do, 60 seconds, honestly, is too easy for you and Brian. So, more to come on that, but it’s definitely too easy for you alone. So, we’re going to see how many questions Bo can answer in 60 seconds. And of course, we’ll give him his kind of debrief at the end where he gets to go it depends and expound. But we’re going to do an experiment on Bo and see if he can answer how many.

Bo: I mean, do you have a goal? I won’t ask you that. We’re going to just see how many you can get in 60 seconds.

Rebie: Okay. So, get your rapid fire questions in the chat while we do a couple more long form questions.

Bo: Does the 60 seconds include you reading the question?

Rebie: Yes, but they said no. Love to see it. Like throwing you a bone there. All right, Kelly’s question is up next. It says, “When is it acceptable to finance a large discretionary purchase like a pool? I’m 42 in the messy middle in step eight of the Financial Order of Operations on the curve with 1.5 million in retirement.”

Bo: Man, all right. So, Kelly, she’s doing great. Kelly said some awesome stuff there. One, to be 42 with a million and a half bucks in retirement is awesome. Like I don’t know what your number is. I don’t know where you are on the curve. But you’ve assessed for yourself. Hey, I know that I’m on the curve. Meaning I know where I’m at today. I know where I want to be in the future and I am appropriately on the curve. I’m neither ahead nor behind. I love that. And so if you’re in step eight, that also tells me a few other things. It tells me that you have a fully funded emergency fund. It tells me that you don’t have any high interest debt. It tells me that you’re saving 25% of your gross income. Well, if you’re doing those things and you are in step eight, I would argue that’s a wonderful time to be able to do some of these what I’m going to call lifestyle improvement decisions. Right? So, hey, I want to finance a large purchase like a swimming pool. Now, do I think it’s okay to put in a swimming pool? Sure. Absolutely. In your situation that sounds fine. Should I finance it becomes a little more nuanced because even though you can make the decision to have the improvement, one of the things you’ll need to do now that you’ve triaged, I’m on the curve. I’m doing what I’m supposed to do and I can afford this. Now becomes the question, what’s the best way to afford this? Do I save up and try to pay cash for it? Do I finance it with some sort of privatized loan? Do I take out a home equity line? Do I refinance my house to do this? Any one of those answers might be correct depending on the other variables. What I would say for you, Kelly, is you’ve done the hard work of getting to a place where now you can afford to make those decisions, but you also have to recognize that any financial decisions you make, especially big ones like home improvements and discretionary home improvements like a pool are going to have an opportunity cost. My wife and I did the same thing. I said, “Hey, look, we’re going to proceed forth with this thing. Just so you know, here’s the price tag, and based on our age, if we spend this money on doing this to our home, this is how much that would have been in retirement. Are we comfortable with that? Are we comfortable with that trade-off? Is that something that’s acceptable to us?” And so, Kelly, you will have to decide that for yourself. Is the opportunity cost of what I’m going to miss out on worth the benefits or rewards I’m going to receive? Whether it be having a place to lay out or having a place to wind down or having a place for kids or inviting people over, whatever those things may be. It’s a T-chart, pros, cons. Personal finance is personal. But I love hearing where you are in your financial journey. I don’t think it’s crazy to think about and if financing is a way to do it, think about doing that kind of improvement.

Live Q&A – Salary Increases and Moving Targets (32:08)

Rebie: Kelly, hope that helped you think through that. Thank you for the question. We’re going to do one more before our rapid fire segment. This one’s from Mr.Aherke, I think his username is, says, “Question for Bo. Given my combined marginal income tax rate, I contribute to Roth over traditional 401k. If I want bigger arms, should I focus on biceps or triceps?

Bo: Oh, that’s hilarious. That’s a great question. The answer, if you want bigger arms, I would focus on triceps because it’s the thing that actually makes your arm bigger, but if you want them to look cooler, then you probably focus on biceps. So, depends on if you’re going for size or substance.

Rebie: He even said it depends on the workout question. It’s a disease. Oh, that’s hilarious. That’s lovely. Okay, we are going to do one more. That was a quick one. LorenaMatek5752 has a question. It says, “I know you recommend having one times your annual income by the age of 30 and three times your annual income by the age of 40. What happens when you keep getting salary increases and it’s a moving target?” Great problem to have.

Bo: I love it. And we get this question all the time. You know where else we get this question, Lorena? If you’re using our net worth tool, you can go to learn.moneyguy.com. You can go download our net worth tool that walks you through this. One of the things we track is where are you in your wealth building journey? Are you an average accumulator of wealth, which is just your age times your income divided by 10, assuming you’re over 40. If you’re under 40, we have a little adjustment to that. Are you an under-accumulator of wealth? Or are you a prodigious accumulator of wealth? Well, if part of that is your age, which you can’t manipulate, but the other part of that is your income, which can vary widely, you can imagine I could be doing everything right and be doing all the stuff I’m supposed to be doing, but because of a pay raise, it makes it look like I’m behind. That’s not uncommon amongst financial mutants. And even our mile markers, one times by 30, three times by 40, I want to say it’s I think six and a half times by 50. One of the things that you can do to smooth that out is rather than using a point in time income, if your income has been changing, I think you can average it out. Now, you’ll have to decide when the big changes happen. So, maybe for you, it’s looking at an income on average for the last 5 years, or maybe it’s your income on average for the last three years. I think doing any one of those to give you sort of a litmus test of am I where I’m supposed to be will be helpful. But only so long as you’re doing this. Let’s say that you’re making $100,000 and all of a sudden you get this big pay raise and now you go to $120,000. Don’t smooth out your income to see where you are if you’re on track and then leave your savings the same. Whenever we get pay raises, whenever we get bonuses, we want to make sure that we’re not just saving 25% of the old income, we’re saving 25% of the new income. And so as those things happen, if I’m not at that 25% number just yet, we like a 60/40 split. Whenever that pay raise comes, whenever that bonus comes, I’m going to take 60% of whatever that number is, I’m going to put that towards my savings goal so I can get to 25%. But that other 40%, I’m going to let that go to lifestyle. Far too often, people let all of the raise, all of the bonus, all of the increase go to lifestyle and they leave their savings behind. If you’re doing that, you’re not doing it right. So that you didn’t ask that part of the question, but it’s something to stay mindful of. In terms of your question, how do I assess my mile marker, my milestone? I think you can smooth out your income, and that’s totally acceptable.

It Doesn’t Depend: Rapid Fire Segment (35:51)

Rebie: I like that. Thanks for the question. All right, it is time to move into our It Does Not Depend rapid fire segment, special edition. Since Bo is flying solo today, he will be answering as many questions as he can within a 60-second time frame without saying the words it depends. And then at the end of that 60 seconds, we will have the Maybe It Does Depend segment where he can debrief and say anything he didn’t get to say. Are you ready to dive in?

Bo: I’m ready.

Rebie: I did hear from the team. We cannot start and stop the timer currently.

Bo: So, you better read fast.

Rebie: The timer will start after I read the first question and we’ll see how many you can get. Are you ready?

Bo: I’m ready.

Rebie: Okay. First question. What individual stock did you actually consider and did not buy that you wish you could go back and buy?

Bo: Wow. I don’t invest in a ton of individual stocks. I actually only have two individual stocks in my portfolio and they’re both reminders of a thing in the past. So I don’t have a ton of regret. Like, yeah, would it have been great to have Nvidia? Would it have been great to have Amazon? Would have been great to fill in the blank. Sure. But I like buying the indices.

Rebie: Is it better to invest money in retirement or save for a house? We’re 34 and 35 years old.

Bo: You need to assess what your goals are. You should save in the priority of your goals.

Rebie: In what situation would you recommend a whole life or universal life policy?

Bo: You have a very large estate, tax large, 30 million plus, illiquid estate. Privately owned businesses, privately owned real estate, stuff that’s not going to be liquid when you pass away and it’s more than 30 million.

Rebie: Ketchup or mustard on a hot dog?

Bo: Ketchup.

Rebie: There we go.

Bo: Was that really a question?

Rebie: That was really a question.

Bo: Love that.

Rebie: Well, he got four questions. Hot take here. I do not like mustard though is my preferred condiment on pretzels.

Bo: You know, a lot of people like to dip their pretzels like a soft pretzel in cheese. I’m a mustard pretzel guy.

Rebie: All right. Like a grainy mustard.

Bo: Yeah, that’s fine. I’m equal opportunity.

Maybe It Does Depend Follow-Up (38:00)

Rebie: All right. There was some doozies in there. You almost said it depends. So, is there anything you need to?

Bo: The one that really got me was should I save for a house or should I save for retirement? Brutal. And a lot of times you have to change. Early on if you’re a 22-year-old and you’re like, man, I want to be a homeowner one day, but I’m not married. I don’t know if I’m going to be here. I’d say, hey, prioritize retirement. Get your Roth, get your 401k and do that stuff. But now, okay, you turn 25, you’re 26, you meet that special someone. You’re thinking about getting married. You’re thinking about setting roots. Think about starting a family. Or maybe you’re single, you’re going to stay single, but you just want to have an established place that’s yours. Okay, then it’s okay to shift. Okay, I was saving a ton for retirement, but I’m going to pause that for a bit, save a little bit less retirement, save more for the house. Personal finance is personal and money is nothing more than a tool that allows you to accomplish the goals that you have that allows you to do the things that you care about. And so you have to decide is saving for a home and being in a home a higher priority than financial independence than retirement at this moment in time? And if I prioritize that, what’s the opportunity cost? Because every financial decision we have has a trade-off. If I do this then I cannot do this or if I don’t do this then I can do this. You have to make that assessment. Being 32 and 34 I think were the ages you said. Right now the average first-time home buyer right now is 35. Is that right team?

Rebie: 35. It may even be a touch higher. I thought it was higher.

Bo: It may even be a touch higher than that right now. So, I would say you probably are at that stage where yeah, prioritizing saving for a home might make sense, but do it quickly, do it aggressively, and then get back on that savings path because by the time you hit 40, every dollar you save can only turn over seven times. By the time you hit 50, it’s a little under three times. So, you want to be able to maximize what you’re able to do from a savings standpoint while you’re still young and your wealth multiplier has a lot of juice in it.

Rebie: Yes. I quickly Googled because I remembered this stat in 2025. It hit an all-time high of age 40. 40 average first-time home buyer, right? Anybody want to I that was a quick Google based off my memory. All the content team just because I remember being kind of shocked like, oh gosh, we’re crazy. And it was 38 the previous year. So, I’m not we’ll see what it is for 2026. But it is high. I just since you threw out the number, wanted to go back to that. Any other thoughts?

Bo: I think everything else was pretty straightforward. I answered the whole life one really good. I like that laugh I got from you guys. Yeah. I feel pretty good. I feel pretty good about this.

Rapid Fire Rebie Segment (40:41)

Bo: You know what? Since I’m in the hot seat, you know what I want to do, team? Do you want to do can I make up a segment? I don’t know if you guys are in for this, but since she made me do a rapid fire, I want to ask you guys a question. I think we should do a rapid fire for Rebie because in the seat that Rebie sits in, she has all kinds of insight into the Money Guy universe. Some people even call it the Moneyverse. Are there questions that you have that only Rebie can answer? We’ll give her 60 seconds and see if she can answer some questions. Do it if you have the questions. So, if you have questions for Rebie, I don’t know what you’re going to ask her, but if you have questions, just put RF R in front of your question. Rapid fire Rebie, we’ll put that in front of the question. While you’re doing that and y’all got to tell me where I can find these questions, while we’re doing that, I’ll answer another normal question.

Rebie: All right. Well, that’ll be exciting and interesting. Let’s move on to M. Ruddzy’s question. It says, “I’m saving 30% for retirement in an HSA, Roth IRA, and 401k.” Love that. “Life’s giving me some financial pressures, but I’m hesitant to hit the brakes. Any advice? Early 30s here.”

Bo: I love love love hearing that you’re hesitant to hit the brakes because what that tells me is that you’re a financial mutant. Financial mutants feel discomfort when we have to make suboptimal financial decisions. But, production team, I want to see if y’all can pull this up for me. We have this idea of the way the Financial Order of Operations is supposed to go and we think that it goes from step one to step two and step two to step three and step three to step four. But in reality in real life what actually happens is there are fits and starts along the way. And sometimes there are financial pressures that come our way. It might be the car breaks down. It might be I want to buy the first home. It might be we have kids. It might be all these wonderful things. But these wonderful things cause us to have to slow down. Especially for my folks in your 20s and 30s, I just want you to take a deep breath. It’s okay. It happens to everybody. The goal is to save 25%. The goal is to be on a straight line. The goal is to be able to do everything exactly perfect 100% of the time. But that’s not reality. And I would encourage you if you don’t have an older person in your life, and I think everyone should do this. I think if you’re in your 20s, if you’re in your 30s, even if you’re in your 40s, I would encourage you go find an older person. If you’re in your 20s, find someone in their 40s. If you’re in your 30s, find someone in their 50s. If you’re in your 40s, go find someone in their 60s. Someone that you know has done well, right? Like they are the wealthy barber in your mind. They’ve made good decisions. They’re in a good spot. And I would just ask them the question, “Hey, is the reason you got to where you’re at because you made every single decision just right?” And I bet you what they tell you is going to blow your mind because if someone came and asked, if one of my young associates came here today, one of my early 20s said, “Hey Bo, are you sitting in the spot you’re sitting in because you’ve made every right decision financially?” May it never be. Let me walk you through all the mistakes that I’ve made. But you know what? I made more good decisions than bad decisions and I didn’t make any giant bad decisions that derailed my entire financial life. It’s not about hitting home runs and it’s not about never striking out. It’s about consistently making contact. Consistently making contact. If you can do that over a decade, over a career, over a lifetime, you can build towards financial independence. You can build towards financial success. So, M, as life is giving you these pressures and as this stuff is coming, that’s okay. Figure out what you need to do. How do you need to assess the situation? How do you need to adjust? Drive through it. As Brian would say, he always quotes Days of Thunder, where they’re trying to figure out when there’s a wreck, what do you do? And you just got to drive through it. If you’re under 45, you don’t get that reference.

Rebie: I only get it because of Brian, right? Does that count?

Bo: Sometimes you just got to drive through it. Figure out how you can drive through it, get to the other side, and then recalibrate. Get in the right spot.

Rebie: No, that’s great. Well, thank you M. Ruddzy for your question. You want to do one more? Let’s do one more.

Bo: Well, I’ll do one more before rapid fire Rebie.

Rebie: One more before rapid fire Rebie. All right. Jack G asks, “In an effort to free up some cash, is there a net worth that if reached by a certain age, a younger family could take its foot off the gas a little bit?”

Bo: Sure is my answer, right? If you’re a 26-year-old and you got a million bucks saved up, could you take your foot off the gas? Maybe. Right. It depends on what your goal is. If you’re a 26-year-old with 1 million bucks, but you’ve done the math and based on the life you want to live and the things you want to do, you got to get to 30 million bucks, maybe you can’t take your foot off the gas. You’re going to have to assess that. Where I see people make this mistake is they project out based on current behavior where they’ll be and we did this for a Making a Millionaire episode. This is coming up. I don’t want to give too much of it away, but there’s a young couple crushing it, just doing awesome. And based on their trajectory, they were going to be mega eight figure wealthy. Like I’m not talking about 10 million, I’m talking about tens of millions. And so you might see that projection and think, “Oh, okay. Well, obviously they’re fine. They’re set.” And I had to remind them. Look, just so you know, you’re not there yet. Even though the numbers show that based on your income and based on your savings, that’s where you could be right now, you’re at this number and this number, even though you’re ahead of the curve for your age, is not enough and it doesn’t set you up just yet. So, you got to continue plowing forward. So Jack, the way I answer your question is yes, there will be a season where you can take your foot off of the gas if you get an early enough head start and if you get that net worth under you, but you better make sure you know what you’re doing because what you never can go back and get is you can never go back and get lost time. You decide, hey, at 25 I’m crushing it. I’m going to take my foot off the gas. And then you get to 35 and you’re like, uh-oh, life changed, expenses increased, job changed, whatever that thing may be, you don’t get to go back and get that decade that you missed. You don’t get to go back and recoup the savings you could have been doing. And so I think that there’s a balance there. I don’t want you sacrificing all of today for tomorrow, but I also don’t want you sacrificing all of tomorrow for today. And you have to figure out where that balance lies and where you are in your financial journey, where you are in your path towards that. There’s nothing wrong with taking your foot off the gas. We have this deliverable called how much should you save? You go to moneyguy.com/resources. We’re actually reworking this a little bit. It’s not live yet, is it? We have another deliverable coming out. I’m giving away too much stuff here. And it’s pretty awesome. And it’s going to show different savings rates at different ages, right? This shows what 25% can do. We’re going to show, hey, based on your age, what you should save and what that’s going to put you. If you start early enough, there’s nothing wrong with taking your foot off. You just better measure twice, cut once before you do it because it’s really hard to go back in time and fix it.

Rebie: That was a really great answer.

Bo: Oh, thanks, Rebie. Nicely done. Hey, speaking of great answers, it sounds like we have some questions for you.

Rebie: I’m not I didn’t look at them on purpose. I’m trying to keep this above board. Okay. Okay. Oh, no. That was not encouraging. We’re going to ask some easy ones and we’re are we giving her a time or we just we just give her you made this up. You tell us.

Bo: I’m just going to ask until I don’t like the questions anymore. And there’s a bunch of questions in here. Okay. First question. Did you know a lot about personal finance before joining the team?

Rebie: So, this is not rapid fire or it is. Oh, the question’s up. Okay. I knew enough to not have debt. I did not know a lot about wealth building and investing. And when I met them, it was like I love it. So, I’m a financial mutant right there with you.

Bo: Has your job at the Money Guy Show changed your financial life?

Rebie: Yeah, because I didn’t know how to invest before. Are you kidding?

Bo: So, finding the Money Guy show was a mechanism to lead you towards a different financial future?

Rebie: Yes.

Bo: That was a leading question. I love that. 100%. Do you know what Brian is going to say when he opens a show? It always looks like a surprise.

Rebie: For live streams, no. For some of the other content, yes, sometimes. But sometimes he changes it actually. So, no. Sometimes he changes it in the moment. Sometimes we think we know.

Bo: Ketchup or mustard on a hot dog?

Rebie: Neither.

Bo: Neither. Wow. What’s the greatest nugget? I’m going to keep going here. What’s the greatest nugget of knowledge you just passively learned from being around the Money Guy Show? Most valuable nugget that you’ve taken away from the Money Guy Show.

Rebie: Personal finance is personal. Not one size fits all.

Bo: Love that. There’s two questions. I’m not going to ask either one of them, but I want you to hear them. I want you to hear them. The number one is so, he is asking them. No, I’m not. I’m asking them so you can hear them, but I don’t want you to answer them. What’s the most embarrassing thing that Brian has ever said live on air?

Rebie: We got some, but I do have some and you could go find them if you want.

Bo: And then who’s harder to manage, Brian or Bo? We’re not answering either one of those.

Rebie: Depends on the day.

Bo: Sam’s or Costco?

Rebie: Costco.

Bo: Okay, good and right answer by the way. Last one. If you didn’t work on the show, what would your second choice be? If you weren’t doing this, what would you be doing?

Rebie: I’d be working on a different show, bro. Hey, I just love that. I love doing this.

Bo: For all of you content creators out there, don’t get any ideas.

Rebie: No, I love this show.

Bo: Awesome. I thought you did pretty good. I was like three and a half minutes, but you know what? You crushed it. I love that. And there were some burning questions on here that I wasn’t going to ask. Wasn’t going to ask. Exciting. All right.

Rebie: You want to do another long form question? Let’s do it. Thanks for including me in the rapid fire, everybody. That was different and fun.

Live Q&A: Student Loan Forgiveness Decision (51:39)

Rebie: All right. JPHN2593 has a question. “My husband and I, 37 and 32, have a $12K 6.12% student loan, but will qualify for forgiveness in 10 payments. We have the cash to pay off the balance, but should we wait for forgiveness?”

Bo: In 10 payments.

Rebie: I stumped him. No, I just want to think about it.

Bo: I want to give a wise and sincere way to answer this. And I’m assuming the 10 payments is in 10 months, right? Let’s go on a limb and assume that’s the case. I’d say because a lot of times we get questions and people assume that there is an underlying thought process or philosophy because some people are super pro loan forgiveness. Some people are anti loan forgiveness. Same thing with even I saw some stuff at the beginning of this chat. Hey, some people super pro Trump accounts, free government money. Some people super anti. So, one of the things you have to do JP is you have to assess for yourself. Okay, where do I fall? What do I support? What do I not support? What do I believe? What do I not believe? Like you have to answer those kinds of questions from purely a mathematical sense, from purely a personal finance sense. If you’ve done all the things necessary to where you followed the rules, you’ve done this, you’ve done that, and you are 10 payments away, that means by the end of this year, there’s going to be $12,000 that’s just completely wiped off. That just completely goes away. I would argue that’s a bit like free money. Now, you can fight me on that, right? You can say, “Oh, no, no, loan forgiveness is a horrible thing. No way. You should pay the debts that you owe.” And I am not going to argue or contest that against you, if that’s your point of view. And if you decide that, hey, from a moral, ethical, whatever standpoint, I’m going to pay it off. I’m not going to fight you because personal finance is personal. But from the dollars and cents standpoint alone, if the opportunity is there for you to take advantage of some loan forgiveness program because you work in a field or because you’ve satisfied some requirements and that goes away at 37 and 32 years old, a $12,000 amount of money has the opportunity to turn into a lot of money for you later on in your financial journey, later on in the process. And so the fact that you have this because it’s not like you made the rules or made the laws or the one who enacted this student loan forgiveness, you’re merely a bystander who has an opportunity to take advantage of it. And so if that’s the case, I would think that strictly from a mathematical sense, it would probably make sense to wait, have that loan forgiven, and then deploy those dollars elsewhere. But if that doesn’t jive well with you, that doesn’t sit right with you because you feel like, “Hey, I have a debt and I’m going to honor the debt. I’m going to pay it off.” I’m not going to fight you on that either. A lot of times when we make financial decisions, it’s not about making the most optimal financial decision. It’s about making the right financial decision for me and my circumstance. So, I just want to throw that out there because this is one that’s a little nuanced and maybe a little bit charged. I want to remove the charge from it and just say, you know, there’s a mathematical answer and then you have to answer the personal answer. Man, was that I wonder how that I don’t know how that one’s going to be received. I hope that does good. Was that okay answer?

Rebie: I thought it was. All right, the people wanted to know.

Rebie’s Personal Story: 3/5/25 Rule Success (55:21)

Rebie: All right, I actually have I want to expound on my answers since I was trying to do rapid fire.

Bo: All right, let’s go.

Rebie: Because they said, has it changed your financial life? And I just want to I really am a mutant with you guys. Here’s what I was familiar with the baby steps. I didn’t have debt, so I was fine with money. But I remember I was trying to save for a house and my husband and I had credit cards and was fine with that, right?

Bo: Credit cards or credit card debt.

Rebie: Credit cards. Credit cards. No debt. That was the thing. Like we were fine with credit cards. If that makes sense. Like we weren’t falling into the traps that plenty of people do and I understand why. But we were trying to save 20% down for a house and that just felt in this market insane. We were never going to get there. We were pretty newly married. We live in a fairly high cost of living area and we were just kind of saving towards it and it was just chipping away at almost it kind of felt like for no reason. And so when I saw you guys talk about a more nuanced take on credit cards and like, hey, there can actually be benefits if you can use them properly, I was like, oh, that’s refreshing. And then I heard about your home buying rules. And I think honestly I think I was in the building when you were really solidifying the 3/5/25 rule because you already were teaching it but we were kind of talking about it in a more succinct way and Brian kind of bullied me into buying a house he likes to say in the best way possible, bully. And I followed 3/5/25, put between 3 and 5% down and it was such a good decision and it was I don’t know if we would have I think it would have taken us a lot longer to come to that conclusion without the Money Guy show. So, there’s been a lot of things like that that I’ve learned from you guys that are just you guys are built different. You’re giving important nuances and life experience shares and all those things and you kind of understand what it’s like to be in the messy middle which is just so refreshing.

Bo: Well, and it’s so interesting in your case specifically, had you waited, right? Like had you continued to work, what you would have found, I think a lot of young Americans are finding this to be true, is that you keep saving for this goal, but then the goal keeps running away from you. And the goal is running because we said all the time, hey, if you would have waited, because we saw what happened with home prices here, and you kind of got in at the perfect time. You got in at the perfect time, perfect price, perfect interest rate. A year later, two years later, that would have been different. And so I love knowing that we try to apply real life nuance to personal finance. It’s not just a book of rules and it’s not just dogmatic and it’s not just static. There has to be some reality to it. There has to be some personality to it. And so we try to apply that and we hope that we do. We hope that we do a decent job. We hope that we’re able to provide tools and resources and those sorts of things that are valid. That’s why we love the live chat. That’s why we love answering questions. It’s why we’re even doing this whole Discord, right? Like it’s the whole purpose behind us making that available. Me and Brian talk about this. People ask all the time, hey, what’s your long term? What are you guys doing? Man, our goal is as long as people are going to listen, we’re going to keep talking because and it’s so silly. We do feel like in a small way and like this very small little way, we’re changing the financial world. Specifically in this country, we’re changing it a little bit. You know, we joke about the HSA stat went from only 4% of HSA users make it triple tax. Now it’s 13%. That was us. We did it. Probably contributed to I don’t know if we did or not, but I do like to think when you guys stop by the studio, when you send us the emails, when you comment on Reddit, when you comment on the socials, and you talk about how this stuff that we share was able to actually impact and improve your life, dude, there’s nothing, no amount of money in the world is worth that. That’s the most gratifying, most amazing thing. And so, as long as we can keep coming up with ways to add value to your lives, we’re going to keep doing it. And we could not do it without you guys. So, thank you. Thank you. Thank you for that.

Rebie: Yeah, I said personal finance is personal is something I learned from you guys. I think a broader and better one is anyone can be wealthy. Anybody can take advantage of what you’re teaching and better their financial life. And I think that’s really powerful stuff. So, I love it.

Closing: Join the Moneyverse (59:55)

Rebie: On that note, thank you for joining us for the live stream today. Be sure to go to moneyguy.com/moneyverse so that when we cut off this live stream chat, we’ll just keep talking over on Discord. I can’t wait to see you there. Thanks to everybody who has already checked that out and I’m really excited to keep talking.

Bo: We genuinely believe here at the Money Guy Show that there is a better way to do money and we’re going to keep trying to figure out how to talk about it, how to share it, how to hopefully impact and make the lives of our financial mutants, of you guys better. Thank you so much for showing up. Thank you for letting us be part of your journey. Of your journey. Of your journey. Thank you for letting us be part of your journey.

Rebie: Best closer ever.

Bo: I am today’s host Bo Hansen here with Rebie, the rest of the content team. Money Guy team out.