The Millionaire Playbook Just Got an Upgrade

Millionaire Mission Launch Day (0:06)

Brian: When they just did the countdown from ten, I felt like it was a rocket launch, because that is what we’re here for today, to talk about a brand new, updated edition of Millionaire Mission.

Bo: Brian, I am so excited because it’s finally here. And I feel like this is somewhat of the culmination, right? Like you said over and over again, you didn’t know if you were complete the first time, but now you feel complete, and I’m so excited we can finally get this out into the wild.

Brian: Yeah. This is one that, part of, I wanted a paperback version because in the long term this is going to make it more accessible for more people. And that’s what I wanted, you know, because I still go back to my origin story, and, you know, The Millionaire Next Door, The Wealthy Barber, and those books that I bought in paperback form kind of were definitely part of my journey to becoming a financial mutant. So now the thought that this updated version, plus the version that I feel like is the most complete version I can say. My baby’s grown up at this point, and here’s this.

Bo: Great. It’s not just the bendiness of this that’s improved because, look, Brian, will you do some bending, like, I mean, if you’re a yoga person, this is going to be your jam, because there’s definitely a bendiness to the book. Because Kristen, she is our big reader. Are you, you’re the big reader here. Check out the big brain on Kristen. She said that the bendiness is really good for readers because it’s easier to be lounging around or doing. So we’re excited about that. But it’s not just that. There’s also some new stuff in this book that was not in the original. There’s some increased information about how you do things. There’s some stuff that you share that you didn’t get a chance to share in the first one. So I’m excited because it is indeed the same book, but it’s a new and improved version of the same book.

Brian: Well, let’s actually get into this a little bit because, I mean, first of all, look at that. Look. I mean, wow, pretty exciting. It’s everywhere that you wanted to be: Amazon, Barnes and Noble, Books-A-Million, Walmart, Target. By the way, if you have a local bookstore, make sure you’re out there asking the manager, get this book in there, because I really do want this to be more approachable where you can give it out to friends and family, and hopefully we can continue to change the world. You know, I was on Amazon this morning looking and reading comments, and it just warms your heart when you see, I think a lot of people caught that, this is my love letter to you guys in the audience. If you have people who you’re trying to figure out how you motivate them to think better about their money, this is going to be a tip of the spear.

What’s New in the Updated Edition (2:52)

Rebie: You know who just popped in? Who said that? She is also a big fan of paperback books as opposed to hardbacks. Erin, she’s hanging out with us for book launch.

Bo: But for those of you that are maybe new or just now interacting, there are some things. When the first book came out, it came out in 2024, and a lot of things have changed from 2024 till now. Even just as a small example, the way that you save and the amounts that you can save and the amount of money you can put in different types of incentivized vehicles has changed. Back in 2024, if you were contributing to a 401(k) or a 403(b) or a 457, you could only do $23,000. Now you can do $24,500. IRA contribution limits have changed, SIMPLE IRA, HSA. So one of the things that’s happened inside this book is we’ve gone through to make sure that all the numbers are updated to present day. So again, as you’re reading through this, as you’re trying to figure out, what do I do with my next dollar, how do I make sure I’m doing the things I’m supposed to be doing, you’re going to be reading actual today dollars, not dollars that were a number of years ago.

Brian: Yeah. And then I don’t mind sharing the other updates. This is probably what people are really excited about. In addition to just having the latest numbers, I really thought about this from the heart of an educator standpoint of what were some things, because I have reread this book quite a few more times, and I was like, well, what hit, what didn’t hit? What could I have improved? And so one of the things was I’ve updated some case studies.

Bo: Yep.

Brian: The one that really stands out to me is, because, you know, we have a show coming out in a few months that will be on some of the key decisions of your life that will make you wealthy. And one of the biggest traps I think most Americans fall into, with this consumption society we live in, is that first car purchase, or that car purchase you make when you’re growing your family in the messy middle, and maybe you had the old reliable car that did great, got you through college, got you through your first job, but now you’re growing your family and you go and you buy the European luxury SUV instead of, you know, the minivan or some other thing. I did some case studies to show what if you fell into some of these traps, trying to really convince people that when you’re a financial mutant, the car you drive can work against your wealth-building journey. So I felt like it was much more pertinent on the purchasing and the timing of big purchases, like cars, than the original version. Not that I did bad, it’s just that in the original version I did a 25-year-old buying a Corvette versus the typical 62-year-old that’s buying a Corvette, and look, mathematically, timing, statistic-wise, it’s accurate, but I don’t think there are a lot of 25-year-olds that are wired like I was, where that was what I wanted to do at 25. I think a much better case study is the family that’s buying the European SUV, and they’re in their 30s, when they probably should be buying something a little more affordable.

Bo: And look, case studies are great because they talk about other people. They’re sort of abstract. But one of the things I think is really great about this book is that there’s even more information in there about what you do with your money. That’s kind of the Money Guy himself, the role model for making financial decisions. You kind of open up the curtain and say, hey, here’s what I’m doing, here’s how I’m approaching financial decision making. And you’ve even added to that. I think you said in the original version that was some of the best feedback you got. “Hey, that’s my favorite part. I just love hearing what you’re doing and how you’re navigating your finances.”

Brian: Well, the original version, it was unproven, you know, because I’ve got to tell you, if you want to feel really insecure about yourself, write a book about your journey with money and then put it out to the world and ask yourself. Because, you know, I wrote the book. They took it away from me, I think probably by the end of probably fourth quarter of 2023, and I’d been working on it since 2020. And then, you know, I had all these personal stories in there, and I was like, gosh, maybe, because I remember the night before the book launch and I was like, did I share too much? Is this going to work, or are people going to think, who does this guy think he is, sharing all these personal stories? Like, would we care? And then the book comes out, it does really well. And then I was like, okay. So I felt kind of energized to where I could share more, especially if it was educational. And I felt like there were some things I learned that, you know, because sometimes experience creates wisdom. So I felt more empowered to share even more about what I do with my money because it was now a proven concept. And I thank you guys for that, because I was really insecure that it was too self-focused. But I wanted to put the why. I mean, the thing is, I see so many people have systems and rules, but I want people to understand that, no, this is proven because I’ve experienced this, and this is why I have each one of these rules in the nine steps of the Financial Order of Operations. So hopefully that came through well.

Bo: And I think another thing that’s so interesting is, from the seat that you sit in, you have been both wealthy in your financial life and you’ve been not wealthy in your financial life. And starting out, it was a very different circumstance than you find yourself in today. And so one of the things I love is that you even had some content in there around, like, okay, how do you steward your resources well? How do you navigate when you don’t have a lot of money, when you don’t have a lot of excess and you don’t have a lot of discretionary capital? And then how do you do it when those circumstances change, when you’re at a different stage of life? And I love that you’ve lived the life that really allows you to speak to both sides of that.

Brian: Yeah. And look, we definitely want you to be charitable with either your time or resources, but it even goes beyond that, on how you make sure that while you have the kids in the house, that they kind of maximize the memory-making and the blossoming, as I always call it, that stuff’s important. And I think a lot of books are great on the analytics, but they don’t give you a lot of the soft stuff that you need to understand to be really good with money. And so I’ve tried to pour that into the updated version as well, because like I said, you guys rewarded me the first time. So I went a little deeper into those things as well as, I don’t mind sharing, based upon the success of the first book, I went through some struggles. Just because what happens when you reach a lot of the goals that you had in life? And I think as achievers, we all are trying to check the box on the next thing. And so I put even some sections on ruminating and what to do with your successful mindset that doesn’t overwhelm the system, and I wouldn’t have had that without experiencing some of these things, because I think that stuff that’s honestly not talked about with success. We all sometimes talk about growth for the sake of growth, but there needs to be a little more balance on what money is as a tool and what it can and can’t do. And how do you come out the other side both feeling like you’re fulfilled with what money can do on a maximization, but also what it can’t do, so that you make sure you spend time and effort into maximizing those components of your life as well.

Bo: And then I love that even though this book is two years later, we’re in the future, it’s not like things have changed. I think a lot of times you’ll see someone write a book or come out with an idea and it’s super popular, and then they try to write another book and come up with a different idea and come up with some other angle and try to change. “Oh, I once said that this was true, but now this is true.” There’s no change in this. It’s not like there’s some new system, some new idea. This is still the same wealth-building framework, Brian, that you’ve been exercising for the last 30-plus years of your adult professional life. It’s not like it’s changing. It’s not like it’s molding and bending to the time.

Thanking Matt Holt and Where to Get Your Copy (9:42)

Brian: No, I will say the Financial Order of Operations is the same, whether you’re looking at the 2024 version or the 2026 we have. You know, if anything, this thing is even more proven in that it can work for anyone. I don’t care where you are in your journey, if you’re just coming out of high school or college, or if you feel like you’re behind in your 30s and 40s, we’ve loaded you up. There’s something for everyone in this instruction manual, my love letter to my audience, so that you guys can hopefully get more interested in money, or convince people who maybe you love or care about who aren’t into money, but you know as much as you are. This is a great way to kind of cut the corner off and let people see it. And like I said, I know I keep saying it, but it really is a testament to you guys kind of confirming the concept, to where I felt like I could do an even better version. I also want to thank Matt Holt, publisher. You know, Matt, I think Matt would prefer for me to write another book, but I think you could tell that I’m pretty set in that, you know, I’m not in the emotional state that I want to write another book. I don’t have the concept that’s just occupying my brain like this did when we discovered the Financial Order of Operations and then started laying out an outline. I mean, this thing just kind of consumed my brain. So it had to get out of there. And I’m glad that it’s become the version it is. But Matt was at least willing to say, hey, okay, well, how about if we’re going to go paperback, do what you want to with it, update it, do the best version. I don’t think a lot of authors get that freedom to go out there and do what you do, unconstrained. So that’s pretty exciting. And I appreciate Matt giving me that opportunity. And he’s been great. We traded a bunch of texts this morning. Nothing but great things to say about Matt. So if you don’t have your copy, make sure you go out. You can find it on Amazon, Barnes and Noble. Barnes and Noodle, don’t they serve food there? Now we might be on to something for them.

Bo: Get into that. That’s fantastic. Go to Barnes and Noodle to get your copy of Millionaire Mission today. It’s awesome. If you don’t right now, going into the holidays, this is a great gift. If you have someone in your life who maybe hasn’t caught the bug of making sound financial decisions, maybe it’s a young person, maybe someone who just graduated college, maybe it’s someone who’s just graduating high school, these are great gifts to give out for Thanksgiving, to give out for Christmas, just so maybe you can plant that seed that changes someone’s financial future. So make sure you go out to Barnes and Noodle to get your copy today. But I love, I love that we get to… I love that you get to sit down, spend a couple of years penning your thoughts, getting it out, putting it in a book that can change lives. But I also love that we get to sit here every Tuesday and answer questions. We get to load you guys up with the things that you are curious about. So right now, if you have a question for us, you want to get our take, you want us to weigh in on it, make sure you get it in the chat. We have the team out in the wings collecting your questions because we do believe that there’s a better way to do money. So with that, creative director, I’m going to throw it over to you. But I’ve been feeling guilty, so I’m going to make a challenge today. I feel like the past couple, we haven’t answered enough questions. So my goal, I want us to answer a ton of questions today.

Rebie: I’m ready. Are you ready?

Brian: Do you have a goal number? A lot? Is that too scary a lot to actually put a goal number on it?

Bo: No, I want it. We’re going to do a lot. We’re going to answer. We are going to do right by you guys today. We’re going to load you up.

Brian: Okay.

Q&A: Should You Leave a Job With Unvested Employer Match? (12:59)

Rebie: All right. Well, we’re going to kick it off strong with Cosmic Penguin 01. He says, “Hey, Money Guy team. How do we weigh the potential salary growth from changing employers against the value of unvested employer match contributions we’d be leaving behind?”

Bo: So unvested matching is a difficult one, right? So most often when someone is weighing the conversation around, hey, I’m thinking about changing this job, which you most often see if someone has non-vested employer incentives, they’ve got RSUs that have not vested, or options that have not vested. And so there’s real numerical, mathematical value they’re walking away from. And so what we generally would advise people to do in that situation is, as you’re talking to your new employer, as you’re talking to the company that you might be going towards, you should work that into your salary negotiation or into your deal package. “Hey, I’m leaving $100,000 of non-vested RSUs or non-vested options. Is there some sort of sign-on bonus? Is there some sort of equity I’m going to be getting access to here?” That’s a negotiation tactic that generally takes place when you’re having that conversation. If you’re leaving behind match contributions to the 401(k), this is the math that I would think through: okay, if I’m going to have a higher salary, how much more is that going to allow me to save? And then how much more will the matching contributions from my new employer be? How long will it take me to be in this role to account for that unvested matching that I’ve left behind? And do the math there. Now, I always want to be careful. Don’t be penny-wise and pound-foolish. Don’t stay in a bad job with low opportunities that you don’t love simply because you’re trying to unlock a little bit of unvested match. If there’s a good chance you could go make more money and have a better outcome at a different place…

Brian: I think, Bo, what you just covered is kind of the macro, the big picture of when you’re comparing opportunities and whether you stay or go. But then I want to kind of zoom in on the micro parts of this as well, because within the year you also have opportunities. I’m bringing it back to my own journey. You know, I knew after my father passed away in December of 2000, I just knew I had to change my life up, and I took the entire 2001 to save, and I knew that I was going to leave at some point. And I ended up leaving in February of 2002. And the reason I put my notice in in February 2002 was, and these are the micro things I want you to think about when you’re in this journey as well, that I knew I got a year-end bonus that was approximately at least 10% of my pay. Significant. So I was like, well, gosh, I’m not going to leave in the fourth quarter when, if I just stayed three more months, I could get a 10% windfall. That’s going to come in and definitely probably help me out as I go on this new journey. The other thing I knew is if I stayed until the end of the year, that I qualified for, because I for sure had 1,000 hours of work time in the plan, and I can’t remember if there was a last day provision or not, but by staying through the year-end I made sure that I didn’t fall prey to any last day provisions or anything, and I got another year of vesting, and I got another year of profit sharing from my old employer. Those two things were worth a lot. So even if you have decided, hey, this new opportunity is going to be better for me in the long term, don’t sleep on the fact that you need to do some real quick math on that. Maybe let’s fine-tune the timing of even leaving in the next few months, because it might behoove you and benefit you to wait for five months if you can pick up 20, 25% just by closing out the year strong. And look, here’s the last advice that’s not financial. You know, part of it, I knew also, when I left my first job, I did not want to leave in the middle of tax season when I was in public accounting. I didn’t want to leave my employer in a lurch, so I didn’t leave that job. I put in my notice, I mean, it was at the end of April. I made sure I finished tax season, then put in my notice to go work at the new company. I did the same thing with my second employer. I made sure that I landed the timing. Now look, and looking back, did my employers treat me better because I didn’t leave them in a bad situation? I can’t say for sure that I got treated better, but I slept better at night knowing that I treated somebody the way I would want to be treated. And I don’t think that’s ever hurt or caused me trouble to treat others like I’d want to be treated. That golden rule. So kind of end well, because you never know where you’ll cross paths. I think as you get older and more successful, you realize the world’s a much smaller place as you cross paths with people. No value in burning bridges.

Bo: Well, yeah.

Brian: And I’ve also had the privilege of, it has nothing to do with this question, but I reconnected with my former boss at the first accounting firm 20 years after I left, and it was nice, you know, and I think I could have done that as well. Because you’ll get to it as you’re successful and you get more sentimental. I will tell you, it happens. I mean, as I was the tightest of the tight, but now I’m in the sentiment of life, and, you know, especially with this book coming out today and so forth, the new version, I have looked back and gone, the relationships and doing things well for the sake of relationships is very powerful in the long term.

Rebie: Great question, Cosmic Penguin. Thanks for being here.

Q&A: When Is It Okay to Pause Investing During a Career Transition? (18:21)

Rebie: Next question is from Andrew Doing the FOO. “Hi, Money Guy team. On the latest Making a Millionaire episode, you advised to pause investing for three years. We’re in a similar situation. Mid-30s, $550 invested.” I’m guessing $550K. “How do you know when it’s okay to pause versus a tighter budget?”

Bo: So for those of you that aren’t familiar, one thing you ought to do right now, make sure you subscribe. Subscribe right now to the channel so we know you’re out there, because every other Monday we have an episode of a show come out called Making a Millionaire. And on this particular episode of Making a Millionaire, it’s one that I’m remembering, I think the husband was an accountant that got into being an electrician.

Brian: He was.

Bo: Yeah, he was working through an apprenticeship, and where they were going to be over the next three years, life was going to be pretty tight. But they had done a lot of really good work building up to a very healthy financial foundation as they entered into and prepared for this apprenticeship. And so we said, hey, you kind of know that once you get through the apprenticeship, once you get this role, your income is going to scale up substantially. You’re going to be in a different financial situation, different financial circumstance. And so right now, while you’re trying to get through this little career transition, you’re probably not going to be able to save at the same clip that you were. Or if you did, you’re going to be sacrificing things that you might not want to be sacrificing for where your family is today. So we said, hey, it’s okay if you pause for the next couple of years. And we just kind of modeled out, okay, here’s what that looks like. If you pause, you work through, you get your income up, and then you get back to saving the way that we were able to do. One of the tools that we used was our Know Your Number tool. If you go out to moneyguy.com/resources for a free tool, it was basically, okay, if this is the goal, this is the finish line we need to get to, and this is where we are today, if we say that this clip, will we be able to get there? And for them, they had done so much hard work early on, it afforded them the opportunity to take off those three years. Now, a lot of people don’t find themselves in that situation. A lot of people didn’t do the hard work early on. They don’t have a financial foundation built up. And so the advice to them would be very, very different. No, no, no, you’ve got to start saving. You’ve got to start putting it away. You’ve got to get serious. But Andy, for you guys, you’re in your mid-30s with $550,000 saved up. I don’t know how much your income is and I don’t know what your goal you’re moving towards is, but I would argue that sounds like you’re going to be pretty far ahead of the curve at your age, I would guess.

Brian: So in 1492, Christopher Columbus sailed the ocean blue. What were the boats? Do you remember the Niña, the Pinta, the Santa María? So I want everybody in our audience, if you’re making big decisions like this, I figured you’re so smart, I love showing off that big brain, but I think you have to envision yourself on this journey like Christopher Columbus crossing the ocean blue of 1492. Meaning that you have to look at, yes, you have an opportunity cost right now that you’re forgoing, but you have to be thinking about, if you’re about to go on an ocean with a lot of uncertainty, if you’re taking on water, what the heck are you doing? And yes, there’s an opportunity cost. And look, I know this because I’ve lived it. I’ve even detailed it, it ties in perfectly. There’s a whole section on the $10,000 of Roth IRA contributions that I didn’t get to do when I was starting companies and other things, and it still irks me, but I ultimately think it was the right decision, because I needed to make sure that I survived the crossing of the ocean journey more so than could I speed it up, or could I take some opportunity costs and do it this way. I was more concerned about the survival of the entity than I was just maximizing every opportunity. And for these situations, if you were worried that, hey, yes, I can go maximize like a financial mutant, but there’s a greater than average chance that I might blow this whole thing up because I cut it too close to the bone on the risk that I’m taking with this new endeavor, then I’ll tell you, focus on the fundamentals. Do you have great cash reserves? That is going to give you the best chance of surviving this long journey, because that’s what I shared with my own experience. I knew it was going to take me three years to probably start my company to where I could get my… my close-to-six-figure income in the first year went down to $17,000, and build it back over those three years. I needed to have enough resources to survive that cold winter. And that’s what was the most important thing. It wasn’t Roth IRAs, it wasn’t all this other stuff. It was making sure we survived. And that’s what I would encourage, Andrew, is that if you’re in that type of situation, I think you have to focus on the fundamentals.

Rebie: So we’re getting a little bit of extra. Andy has a $230,000 household income.

Bo: Just thinking about our rules of thumb, we want you to have one times your annual salary built up by the time that you’re 30, three times your annual salary by the time that you’re 40.

Brian: So it’s $230K. Yeah, by 35 you should be at two times your annual salary. So $230K times two, $460K. It seems like you’re ahead of the curve. So you might be in the situation where, yeah, it’s okay if you pause for a moment, for whatever reason that may be.

Bo: Yeah, but not indefinitely. You’ve got to make sure you get back on the savings train, even if you take that pause right now.

Rebie: Yeah, that’s a great way to close out, because I do feel like there’s a clock in that. You don’t see it in the background, but you should feel the pressure to get back onto the Financial Order of Operations as fast as possible. Love it. Andrew, thanks for the question, and hopefully that gives you some food for thought. Well done.

Thanking Rebie and Launching the New Abound Wealth Website (24:15)

Rebie: On the ship, though, you were just a… You’re a Renaissance. Honestly, I don’t know. It was just there. Everybody knows that.

Brian: Why is Rebie crapping all over me? That’s impressive when she can’t even let me have it. I know you know what happened. Our content meeting was a little unhinged this morning, and I think you were paying the price.

Bo: It’s because, guys, we were within 15 minutes of coming live, and we had not even… because we record a show after this live stream. And I think Rebie just had enough. She was one step from turning the tables over.

Rebie: Well, anyway, that’s not true.

Brian: You know, we love you still though. It’s okay. Even though you’re disappointed in me, and I really do.

Rebie: I want to know, if you’re watching live, please put in the chat, is the Niña, the Pinta, and the Santa María common knowledge? Is that like a normal thing to remember from school?

Brian: I mean, I feel like I need to, because I just thanked Matt. I should thank you as well. I mean, no, if y’all don’t know, imagine you go home tonight and, like, we did it. This is, you know, seven, eight months in the making. Finally we can close this. It always feels good to launch a thing, because Rebie is the head cat herder, and a lot of the weight of the marketing and push on this book falls on her shoulder. And that’s why, look, I don’t know if y’all can see it, because it’s pretty fancy right across the top here, it says New York Times bestseller. Y’all know how unusual it is to get New York Times bestseller on your first book. I don’t think it’s supposed to happen.

Rebie: Really good that you did. That’s very kind. It was a good book. So all the pieces were there.

Bo: Look, if we’re going to do it on Rebie, can I throw one out there too? Since we’re just going to… it’s like I just give you a hard time now just because you can’t go anywhere. Now look, do not click off of this live stream. Save this for after. But one of the things that we are so excited about is yesterday, oh yeah, we launched a brand new website. You’re going to lose 35 minutes of your life. Go check out our new website. It launched yesterday.

Rebie: Yeah, it’s out.

Brian: So you can go to aboundwealth.com. So I find myself rolling over the photos of everybody and looking at every… and then the unusual facts, like, I came in this morning and I feel so guilty because I should know all this stuff because we work like a family every day. And I was like, Justin, I didn’t know that you’re the oldest of seven. I had no idea. I mean, that’s that. But then the other thing, look, I don’t mind. So y’all can go, because this will drive you guys to go check it out. I want you to go to the team, and I want you to look at my profile and then go look at Bo’s. And I want you to know I’m going to get in trouble because mine has a picture of me and my family at a theme park, and I know my wife is going to be like, why did you submit a sweaty picture of us at a theme park? Meanwhile, you go to Bo’s and you will see the most curated, beautiful family, that you’re going to be like, whoa, that is a really good-looking family right there. And I’m down just for the engagement. I’m willing for you guys to go compare and contrast the difference between me and Bo and how we’re running this thing. So go to aboundwealth.com, check out the new website. Rebie was the one who oversaw the entire build of that website. Go check out the team page. It’s super fun. It’s interactive. Tons of great stuff out there. If you haven’t had a chance to check out Abound Wealth, if you want to see just another thing that Rebie’s wonderful at…

Rebie: That’s very kind of you.

Brian: …and go see the photo before my wife makes me change it.

Bo: Yeah, I was like, we could change that.

Rebie: All right. No, the other one I gave him was a selfie.

Brian: It’s like a picture of me with the family, a selfie, and I think I just failed the assignment. Meanwhile, I see you. If Olan Mills was still in business, Bo would be the spokesperson with his photo.

Rebie: Hilarious.

Q&A: Phone Carrier Device Plans: Pay Cash or Spread It Out? (28:00)

Rebie: All right, we’re going to move on to some questions, and then we’ve got From the Wings recent headlines coming up too. So let’s go to Lonzo’s question first. It says, “Hey, Money Guy team. What do you all think of phone carrier device plans? Should financial mutants only be paying cash for new phones and devices, or is paying them monthly over 36 months okay? What do you think?”

Brian: Now look, Lonzo, I have to remind everybody, we have a no-hypocrite policy around here. So I’m going to try to answer this as honestly as possible, because they came out with, what are we up to now?

Rebie: The 18.

Bo: Oh, who knows.

Brian: I don’t know. We’re on the 18th. At some point they started using letters and seven… So whenever these things come out, you know, look, I’m an Apple guy. How could you not be, the guy who started doing podcasts in 2006, and not be somewhat of an Apple person, because it’s probably lost in history, but podcasting really wouldn’t exist without Apple. I mean, because I’ll tell you, the iPod created this entire thing that kind of launched this and many other things. So I get excited every year around September when Apple does this new release. And I went and I was like, okay, I’m going to upgrade my phone, because I have a 16 currently. And then, Lonzo, I kid you not, I went and I was like, I better make sure that I’m not under some obligation. And I logged into my account and I was like, son of a gun. So I guess when I got my 16 I took advantage of the upgrade where they basically just spread out your payments, and they did it over, I can’t remember if it was 30 months or 36 months, so I couldn’t upgrade because I’m still under it now. I guess I could pay it off, but so, Lonzo, ideally pay cash. I don’t want you doing consumption decisions that you can’t truly afford. But I don’t mind sharing that I went in and my phone carrier’s like, hey, we’ll give you this and then give you a credit. And I was like, okay, I’m a financial mutant. I’m going to minimize this. And I know what they do. They’re basically creating golden handcuffs, so I don’t go and switch over to another carrier, because they’re spreading this out over 30 months and then giving me a subsidy to kind of pay for it. I don’t think that’s the worst thing. I mean, what do you think?

Bo: Yeah. And I love the perspective because you and I are on different carriers. You’re with the carrier that’s more towards the front of the alphabet. I’m with a carrier that’s more towards the back of the alphabet. Not sponsored.

Brian: What a creative way to share that. Not going to say who it is.

Bo: But I went in and I said I wanted to pay cash for my phone the last time I upgraded. I wanted to pay cash for it, but for some reason I couldn’t. They wouldn’t even let me. Or maybe if they did, it was actually going to cost more, because there was some sort of, hey, if you replace it, you get this discount, but then you spread it over 36 months, but there was no finance charge for it. It was not more expensive to spread. I think it was actually less expensive to spread, or for some reason I had to do it. And I was like, I don’t want to borrow money for this. But it was part of the system they had in place. And exactly what you said, it’s golden handcuffs. And so it is one of the things, if you’re with one of the big carriers, like both you and I are, you’re kind of stuck sometimes playing their game, if that’s the way you’re going to upgrade. And if you’re going to try to get a good deal on your, because we’ve got family plans, we’ve got people on them and stuff. Now, there are other providers out…

Rebie: I was going to say, well, I agree with you. If there’s no finance charge and if sometimes it’s cheaper or there’s some deal, you’ve got to do what you’ve got to do. But I have a financial mutant phone plan that’s towards the end of the alphabet. Not sponsored. And I bought my phone in cash because of it, and I prefer that. So I’m just going to say that person in my household that did get an 18, theirs was free. I just paid cash for mine, because also Apple has some unique things when you buy directly at the Apple Store.

Brian: Oh, as opposed to like another thing. Because then they also let you do the trade-in and so forth. So there are some benefits. I like that. It’s kind of like most things financially: measure twice, cut once. And personal finance is personal. So the fact that we gave you kind of the breadcrumbs to go figure out how to maximize this opportunity. And I will tell you, Rebie and I have had many discussions, because she’s with one of the streamlined carriers, to switch, because, look, Bo and I are both with what I would consider old-school premium carriers that, you know, everybody has kind of a re-envisioning, but they’re still using the backbone and maybe even owned by one of the big boys. Carrier should sponsor.

Bo: Yeah, they should.

Brian: The financial price difference between what Bo and I pay versus what you pay is substantial. It’s material and definitely a pretty good cost savings every month. Anyway, there are a lot of ways to do that. I do think that’s one spot where there are some weird financing things that kind of make sense in some cases.

Rebie: That’s my financial mutant answer. But interesting question, Lonzo. Kind of different for us. Thanks for asking it.

Q&A: Does the First-Year Salary Rule for Student Loans Change for Career Changers? (32:39)

Rebie: All right. We are going to do one more question and then get to our From the Wings segment. J Trap asks, “Does your first-year salary rule for student loans change for career changers? I just finished a finance degree in my 30s with $45K in loans. With fewer working years ahead, how should I approach it?”

Bo: No, I don’t think it changes at all, especially in this case. You made this decision, hey, I’m going to change careers and I’m going to go back to school and it’s going to cost me $45,000 in my mid-30s to go get this degree. I would hope that if you had to accumulate $45,000 in debt to get that degree, that the starting salary you would have out of the gate with that degree would be significantly more than $45,000. Because you have to ask the question, why did I go pursue this thing? Why did I make this career shift? Because you are right, your timeline is now constricted. For a 22-year-old coming out, you know, they have a year, two, three, five, ten years to pay off their student loans and then begin saving that money. You, in your mid-30s, you don’t have that same timeline. So we want you to pay that off likely even faster. And if you follow our student loan financing rules, the interest rates that are acceptable at those ages are lower than what’s acceptable in your 20s because of the risk premium that you get on invested dollars. So I would argue, I don’t think that changes. I think that it likely matters even more for folks who are doing it later in life.

Brian: Yeah. I mean, look, education has become, it’s got to go through a multi-pronged analysis. You know, historically education is just noble. I mean, to give somebody the opportunity to become the best version of themselves, to earn more, it really is, as I say often, it’s holding the ladder of opportunity for somebody to crawl out. So I think education in itself is very noble. Hence why we have one of the largest personal finance education platforms on the internet. However, there’s another prong that you have to overcome to make it justified anymore. And that’s because education has gotten so expensive, you have to think about the return on investment, or how easy you’re going to be able to repay the costs associated with education. Because I feel like in a lot of ways we’ve hijacked the goodwill that education naturally has in society, to where now it’s become disconnected from the value you’re actually receiving from the degree. So you have to pay attention to not only what are you taking the student loan on, but where are you going to do the education? What are you going to major in? And all these things intersect with, am I going to be able to pay this off? Because I don’t want you to have this weight that is literally pulling you down, and it turns out something so noble turns out to be the worst decision you’ve ever made financially. So that’s why, yes, without a doubt, J Trap, I want you to make sure that you can pay that student loan off, even if you’re a career changer, because I want you to be even more purposeful. Because I’ve got to think somebody in their 30s, you might even have more obligations. So you need even more payback, quicker, because you’re not in your early 20s anymore, coming out and hitting the ground running. You’ve got to pay back very quickly so that you can get back to living your best life.

Rebie: Can I just give a real quick aside? Is that okay?

Brian: You may.

Rebie: I want to do this quickly. Be careful when it comes to advanced degrees, master’s and that sort of thing, that you actually understand why you’re doing it. I feel like a lot of people, specifically my age and my generation, will default to it. “Oh, I’m going to go get my MBA.” Oh, well, why? “Well, I think it’s going to make me look better and it’s going to increase my pay.” Okay, what makes you think it’s going to increase your pay? If you’re in a job where the thing that matters is your ability to sell or how much experience you have or the customers you are going to get, that advanced degree might not actually impact your pay and salary at all. So make sure if you’re going to go pursue it, that there’s a justifiable reason behind it, not just in your mind, “Oh well, I don’t know what to do, it’s just the next best thing.” That might not be the thing that actually increases your pay. I think far too many people use it as a default to fall back on. And when you start going on the why questions, they’re like, “Oh, you know, I guess I hadn’t really thought about it.”

Brian: Well, I get nervous. I have some friends and neighbors that I feel like when their kids didn’t have success with the first degree, they just go back to school for another degree. And that’s why begin with the end in mind. I mean, you have to look at it. Education is very noble, but you better be thinking very, very, you know, with vision for the future on any decision, whether it’s where you go, but also the major you choose. I mean, look, that’s the reason, you know, we had on Making a Millionaire the guest, because he got accounting because he knew he’d have a job. I chose accounting because my biggest goal when I was in college, besides having a good time while I was there, was to make sure that I didn’t have to move back in with the parents after I graduated. So I looked around, and like my original finance degree, I was like, holy cow, I’ve got to go sell something to people. And I don’t know anybody with money. This major is not going to work for me. So I looked around. I was like, man, everybody who graduates with an accounting degree has a job when they graduate. It’s like, but man, that looks kind of boring and hard. You know, I’m not going to go out as much. But you know what I was like, yeah, but I want a job. What’s the why? Why are we even here in school? So I switched over to accounting. And this turned out to be the best decision that I could do. It’s the language of business.

From the Wings: Financial News or Noise? (37:46)

Rebie: I love that it is now time for our From the Wings segment, where I’m going to read some current headlines in the financial world, and Bo and Brian are going to tell us if this is… Bro. I almost did say bro, bro. I was going to move bro, bro, bro, bro, and Brian, those are Chad bros. They’re going to say, is it thumbs up, news, or thumbs down, noise? So with that, here’s the first headline. “Stock market today: Dow plunges 1,800 points, Nasdaq enters correction in AI trade meltdown.” That’s from Yahoo Finance. Oh, okay. Some disagreement off the bat. Brian says news. Bo says noise. Go first. Tell them why you’re wrong.

Brian: Well, look, I think it’s news in the fact that, because it’s a great teaching exercise on how you have to be careful letting… because, look, there’s a lot going on right now because we just had an election. And I will tell you, the first thing you’ve got to do is take your emotions and realize, yes, elections have consequences, but a lot of times economically there’s a strong lead time before change is happening, and there are boundaries to what can change and so forth. But I think it’s a great educational opportunity for people to see that, because there are some things that need to work out. I mean, because, look, we’ve had the announcement about, you know, Nvidia, some extracurricular activities that might be a national security risk. That’s concerning because the poster child for what’s driving, especially here in the United States, is that we have a technology edge. So that’s concerning in one aspect. The other is, what are the policies? A lot of these, you know, if one of the parties has said they’re anti-data centers and AI, it’s going to take a second just to kind of process what that means. Now, I’m long-term thinking that a lot of people on the campaign will say one thing, but then when you see the actual execution of what the policy will be, they’ll realize, especially when they start talking to the security experts and others, that, hey, America probably needs to still be on the cutting edge of this, and it’ll be much ado about nothing. So that’s why I say it’s a great educational opportunity to become better with how the intersection of politics and money doesn’t necessarily have to be what the news media would have you think.

Bo: Market goes up, market goes down. Some days it’s up, some days it’s down. Over the long term, more often than not, it moves up and to the right. I don’t care if it’s down 1,800 points a day. I don’t care if it’s up 1,800 points a day. I am someone who’s going to always be buying. The more I pay attention to the daily cyclical stuff, the more likely I end up becoming emotional and getting really, really frightened, or really, really excited, getting overly excited or getting overly fearful. So I close my eyes, hold my nose, and always be buying, and let the market do what it does over the long term.

Rebie: All right. That’s Dr. Bougie right there. See that? Hop on, hop on, hop on though. All right. Next headline, from Realtor.com: “Housing market feels the chill as buyers pull back, but sellers are not panicking yet.” Buyers pull back, but not panicking. You both say this is news. Let’s go.

Bo: I have noticed houses in my neighborhood, they’re sitting. They’re for sale a long time. I just think that home ownership is so hard for so many people, they’re trying to get on that side of the equation. Anything that happens in housing right now, if I’m a younger person, or maybe not even younger, maybe just someone who’s trying to get on the homeownership train, I want to understand what’s going on there. So if there are fewer buyers involved, perhaps that means that it’s going to be more of a buyer’s market that I get to kind of go find. I could get to be a little bit more selective. Maybe there’s even a little bit of price reprieve on what sellers are willing to accept. I just think that we’ve had a really hard problem of people being able to buy houses over the last couple of years. I’m excited to see that improve some.

Brian: Yeah, look, this is one of those opportunities right now where buyers, I mean, this is what we’ve all been kind of waiting for. Like, hey, you have high interest rates where this huge appreciation, house prices went up over 50% in a three-year period. That’s not sustainable. Trees don’t grow to heaven. So what’s the ramification over the long term? Well, we’re starting to see it, in the fact that the buyers have said we’ve had enough. We’re not doing it now. Where the sellers are is they’re anchored. You know, it’s one of those things where you see, and look, I don’t mind sharing all facets of this, is that they’re anchored in that they saw on Zillow or Redfin what their house supposedly is worth. And now, a lot of them also have interest rates that are less than 4%. But I’m telling you, if I’m a buyer in this marketplace, you’ve got to be proactive. You need to put on your hunter cap. You know, I don’t know if you’re Elmer Fudd or what, but, you know, we’re hunting for bunny rabbits, but you’ve got to be proactive in the fact that I think you go out there and you start sorting by how long houses have been on the market, see if they check your boxes, and you go in there and you don’t have to get in a hurry. Go out there and choose your shot and then offer a price that’s well below what they’re asking and see how anchored they really are. Because they’re still going to be… Look, there are going to be divorces. There are going to be people getting relocated. There are going to be all kinds of things where you can go out there and find that needle in the haystack and probably get a little better valuation than what we’ve seen in the last three to four years.

Rebie: Okay, this next one hurts. “Car payments just hit a record $787 per month, and 1 in 4 new car buyers is now signing a seven-year loan.” You say this is news. Why?

Brian: I mean, look, this is why one of the biggest things I fixed in the updated version of Millionaire Mission is car buying. I’ve always said it’s napalm for your personal finances, because we have an entire industry that is set up so that when you graduate college, think about the first thing they do, is they immediately offer you like a brand new graduate discount. You know, there’s a whole system out there trying to get you in debt, trying to impress people that just don’t matter in your life. And cars is the first thing. Literally, it is costing young people seven-figure future decisions because of the bad decision and the fact that we keep telling you, you can afford anything you want, just $200 at a time with a seven-year loan. An absolute disaster. Here’s why I think it’s news. The more people that are making this awful decision, the more normal it looks. So if I’m a person out there that’s young, or maybe I’m not young, middle-aged, or maybe I’m not middle-aged, I’m old, I see all of my peers and counterparts beginning to buy these cars. I’m thinking, oh well, that must be what I need to do. And it begins to look normal. And the Joneses become very, very appealing, when in reality the Joneses are likely broke. Do you realize if you’re spending $787 per month on a car payment, that’s more than the Roth IRA contribution limits? Like, you could be maxing out a Roth with those dollars and not stretching that over seven years. Most Americans drive cars for less than five years, and yet you have a loan that’s going to last you longer than the average duration that most Americans drive a car. I think it’s news because you need to take a look and recognize it. Just because I see my neighbors showing up with new cars, just because I see my friends, just because at the family reunion I see that fancy new car pull up, that may not be what I need to be doing with my finances, because they are making bad decisions that are not leading to long-term wealth building.

Rebie: I think it’s awful. One in four signing. That’s how many people are in this room right now. One, two, three, four, five, six, seven, eight, nine, 10, 11, 12, 13, 15. 15 people in here. One in four is going to have a seven-year car loan. That’s insane.

Bo: Well, here’s something, because I just took that $787 a month, put a future value of $1 million, and I said, well, how many years in the future would it take to where that’s $1 million? And it came out to be, right, it was a little over 24.5 years. So just say, rounded up, 25 years. That means anybody under 40 years of age, if we think about a normal retirement at 65, if you fall into the trap of buying one of these cars and you’re under 40, you literally are costing yourself $1 million.

Brian: That’s right. Yep. Because that’s people. It’s not like, by the way, the other stat that’s not even put on there is the amount of negative equity that is going into these loans. So when people say, hey, but that’s not true because this is only one car they’re doing, people do this over and over and over again. So literally it is costing them seven figures. It’s frustrating.

Rebie: The fourth and final headline for today: “Escaped piglets detained for fleeing and squealing in South Carolina. No harm was done, the department said.” And I believe we have a video to show.

Brian: Just what we mean. I don’t watch enough TV.

Bo: Y’all thought we had… This is my nightmare, team. There it is.

Rebie: Now, we don’t have the audio because we don’t have our earpieces in, but that’s okay. So I don’t think you need it, honestly. Pigs fleeing and squealing in South Carolina, y’all. That’s just a little pig getting chased.

Brian: Oh, wow. He didn’t… no. Tom Cruise on it. Holy. They’ve got to Cruise on this thing.

Rebie: For those of you listening, there is a fully decked-out police officer. He was after this little piglet.

Bo: Look, at this age, we don’t run that speed no more.

Brian: No, no, I love these things called hamstrings. Going hamstrings for three and a half. Hamstrings.

Rebie: Thank you. The team got it. The team got it.

Brian: Oh, I didn’t even do that. This is what my brain is, so much smarter than I am. I mean, do you see what I just did? Hamstrings. I know, I saw it. I did that through instinct.

Rebie: Yeah, I don’t know. Like, Brian said it was noise and Bo said it was…

Bo: Generally speaking, noise is something I don’t like, and I wish I did not or was not involved in, like when my kids are being noisy. I wish that they would stop being noisy. I’m not sad about that clip. I got that was valuable for this one. I like seeing that police officer book it after.

Rebie: So was that like a wild boar, or was that like a pig that escaped from…?

Bo: It was a piglet. I think it was an escaped piglet.

Brian: Yeah. But, you know, one of the things, I remember reading a childhood book where there were these domesticated pigs that escaped, and then they turned into wild boars with horns. Does anybody remember what that childhood book was?

Rebie: Where the Wild Things Are?

Brian: No. What? I don’t know. This sounds like a scary one, one of the ones with kids. I don’t have that book in my house.

Bo: Well, a domesticated pig will turn into a boar.

Brian: I’ll read… Babe, when I was a kid, you know, I saw Babe when I was a kid and stuff. Charlotte said fact-check that. I don’t know if what I said is true. Is it true that a domesticated pig will turn into a wild boar in the future, or in a few generations, if you leave them out in the world?

Bo: It’s like a Bobby Boucher-ism. That’s like, what, a lot of Crockett, a lot of alligator… what? The animals. Something in my childhood that makes me think that’s true.

Rebie: That’s fascinating. All right, well, this has been From the Wings. We’ve covered a lot of ground. Maybe I should stick to what I know.

Brian: That is nothing about piglets and Millionaire Mission. Don’t worry, I missed an opportunity. All you learn in there is how to bring home the revised, revised, updated, updated version. Just kidding. Just kidding. We’re not doing that. Okay, I’m still impressed with my hamstrings, dead-off.

Rebie: I know.

Brian: I was literally thinking about when we played church softball. I know, and I took off running for the first time to second base, and that hamstring kind of grabbing. I didn’t realize it was going to be a great punchline though.

Rebie: All right, let’s get back to what you know with a couple more questions.

Q&A: Is It Okay Not to Max Out Retirement if You Plan to Retire at 45? (49:41)

Rebie: Next one is from Klein Bricks. “Is it okay to not max out retirement when planning to retire in 15 years at 45? I’m 30. I already have enough saved for retirement. $300K in Roth. I am building up my bridge account right now at $150K, plus $100K in HSA.”

Bo: Hold on. So you’re 30 and you’ve got $300,000 in Roth and another $150K in a taxable account and another $100,000 in HSA. That’s what, am I understanding that right, Klein Bricks? If you need to clarify, please do in the chat. So you’re a 30-year-old with $550,000 of investment assets. Go to moneyguy.com/become-a-client. I mean, that’s, you’re literally in a fantastic… Is it okay to not max out retirement? It’s too difficult to answer that question. We don’t know, because right now, for a 30-year-old to have that much money, you seem well ahead of the curve. But if we find out that you spend $80,000 a year, well, maybe you’re a little bit behind the curve. Maybe you don’t have enough saved up. If your retirement goal is to spend $4,000 a month, you’re probably going to be okay. So we need to understand what the actual finish line looks like before we can assess whether it’s time for you to back down. I do think you are thinking about it right. If you’re going to retire at 45, you need some sort of bridge to get you from 45 to 59 and a half to be able to actually use those dollars. But man, that’s 30 at $550K.

Brian: Hey, look, I don’t mind sharing, because, look, it’s okay to plug my book a bunch because it’s coming out today, the brand new edition of Millionaire Mission. But I do share in there that my wife and I were very much hyper-accumulators back when we were in our 20s and 30s. And sometimes every now and then there would be a kind of a nudge from my spouse going, hey, why are we doing this? And I was like, look, if you will stick with me on this mission that we’re on until we get to our 40s, in our 40s we’ll be able to take our foot off the accelerator and pull back. So, Klein, I don’t mind if that’s what you’re doing, but I do tie into what Bo says, is that you don’t actually make the determination of actually pulling back until you’ve actually reached that success point, right? I think it’s perfectly fine to keep it as a motivator for yourself to say, I’m going to do this until I’m 45, and then I’m going to take a quick measurement of where I’m at at that point. As long as, now look, there’s a fine line between mutant and miser. I want you at 30 years of age to make sure you’re still creating awesome memories, that you don’t look back at your 20s and your 30s and go, what the heck was I doing? Because your 40 and 50-year-old version might not be able to do all the things you can do in your 20s and 30s, so don’t have regrets. But I’m perfectly fine using it as a motivator, because then the rest of the story is when I got to my 40s, I mean, we technically looked at it, but my income had done some pretty incredible things at that point that we just still kept, from a tax standpoint, maximizing what we could. But then we also reevaluated what are the things we’re doing or not doing in our life to feel like we’re thoroughly enjoying the fruit of what we’ve created in this abundant life. And that’s why I give you permission to do this from a multifaceted way. Make sure you’re maximizing the memories, the why, but also go out there and live your best life on building up these assets, because having extra money when you get older, what it does is it allows you to buy your time that much sooner, and it’s so valuable. I think most people are not in that premium luxury situation where they get to do that.

Q&A: How Do You Make Money Talks More Fun When Your Spouse Feels Anxious? (53:23)

Rebie: Next question is from Hype Man 2797. Is that Bo? Is that your secret thing? You’re definitely the best hype man.

Bo: That’s my burner.

Rebie: “Hey, Money Guy team. Great Making a Millionaire episode yesterday. I really resonated with finding what is important. How do I make this more fun with my wife, who says every talk about money makes her anxious?”

Brian: Thanks, Bo. You ought to start off, because I’ve kind of copied, I benchmarked what you do. What do you do after you do your annual net worth?

Bo: Well, here’s, I’m going to say that. But one thing in your question, just your wording is so fantastic. And it’s why wives are just so valuable. My wife is so valuable in my life. For me, if I was doing a thing and the result that came from her was anxiety, the very first thing that I would reassess is, okay, well, am I causing this? Like, in your mind, it’s like, every time we talk about money, my wife says it makes her anxious. I wonder, if I were a fly on the wall and I watched how you were talking about money, do the conversations go like this? “Hey, sweetheart, I’m trying to figure out where we’re going to save. Are we going to do a Roth IRA, or is it…” “Hey, I saw that you spent $42 at Target this week, and you just spent $80 there last week. What is that?” What’s creating the anxiety? Because I would first figure out, why does the financial stuff make her anxious? And perhaps is there some way that you’re communicating in that, that’s causing that to happen? Now, once you’ve addressed that and figured out how you stay inside your hula hoop to figure out what you can change, the way that I get my wife excited, because she is not… look, she’s probably listened to the show. She watches all of our shows. No, she doesn’t. She doesn’t care about the money stuff, but she’s not… that’s not her. Like, she doesn’t get as passionate about it as I do. So I try to make it real and say, okay, well, what are we doing with this money? What are we using the money for? Well, so that we can create experiences for our kids, so we can travel. So we do all these things. So when we do our annual net worth statement, every year I take a day off work. We skip work, we go do our net worth statement. I do that. “Hey, what happens if I die? Here’s where everything is. Do you remember Brian’s number? Call him first.” And then we do all of our planning. “Okay, now with these resources we have, what do we want to do this year? What are we going to take the kids? What do we want to do with other couples? What do we want to do, just me and you?” And we actually build a list of the whys behind what the money allows us to do. When I put it in those terms, now she begins connecting. “Okay, now we’re going to make the decision to save this money, or to not spend this, or to not buy this, or to not replace this, so that we can do these other things.” I find that that helps frame the why behind those conversations.

Brian: You know, when I see the word anxious or anxiety, I think there’s some fear of something in the future. So I’d love for you to have a really good conversation with your spouse on what is it financially that’s creating this anxiety. Because anxiety is one of those things, if you leave it, neglect it, it doesn’t get better. It can actually fester and turn into even worse things, and it manifests in weird, weird ways. Like, you know, maybe you quit sleeping well or your relationship with food changes. There’s all kinds of just weird things that happen with anxiety. So for the healthy side of the relationship, I’d love for you to start having better conversations, asking your wife why it makes her anxious. Now, very well could be, you might be creating, you know, look, I even have this term called forced scarcity, where I was doing this in some ways on purpose, where I was squeezing. Though we weren’t broke, it felt like we were broke because I was squeezing where the automatic savings, the automatic paying this bill was going on, all these different places, that to my wife, probably, it did feel like, hey, man, we’re broke. You know, I thought we were doing better, but we’re feeling… So if that’s the case, y’all address that, figure out if you’re doing things from a healthy standpoint, because remember that fine line between financial mutant and financial miser. I don’t want you falling into miser territory. And then once you talk through what’s causing the anxiety, now let’s start addressing how this wonderful tool of money, because it’s nothing more than a tool, can be used to make your life even better. It can actually be an amplifier. You know, that’s the thing. A lot of people think, you hear this saying, money can’t buy happiness. But I’ll tell you what it can do. It can amplify things that you love doing. Like, if you love going to live music, you know what having money can do? It allows you to go buy better seats at the concerts. If you like traveling and maybe going on cruise ships, now you can buy yourself into better experiences on those cruise ships. So you have to find out what the why is that makes your wife happy about it, and push that button as much as you can so that you all can use and live your best life and feel like it’s a celebrated life, that not only is the tool of money being used with purpose, but it’s also letting y’all live in a way that you’ll look back and have zero regrets.

Closing: Millionaire Mission Is Out Now (58:01)

Rebie: Love that. Love that. Remember to go to moneyguy.com/millionairemission to get your copy that’s now out, the revised, updated version of Millionaire Mission, now on paperback. Very proud of Brian. Very glad today is launch day. Thank you for all the support and the preorders. It’s been awesome to see the momentum and that you guys actually care about this mission that we have of getting just smart financial ideas out to everybody who will listen to them, whether that’s on the podcast, YouTube, book. We’re going to keep it coming.

Brian: Yeah. And I thank you guys for buying the book. I mean, and I would encourage you, if you’re just trying to figure out a way to kind of help us, because, look, the book has done incredibly well, but I still have dreams that I’d love for this book to eventually hit the zeitgeist, because it’s not uncommon that books come out and then they catch momentum in a year or two years. So because something could happen, this book gets in the right hands. So if you just want to advocate for what the Money Guy mission is, because we really do believe anyone can be good with money. You guys get it. You watch and you download. You watch either the YouTube or you listen to the podcast in your car right now. This is just the next way for you to help us get this mission out there to even more people. And that means a lot to us because we are, look, we are a big podcast. We’re a big YouTube channel, but we’re still just a small company in the grand scheme of what’s pushing this in the background. It’s you guys out there. So I’m so much about empowering you to help us go to the next level, because our mission is still to make sure more and more people understand the good news, that you have control and opportunity to live your best life, to build your great big beautiful tomorrow. I’m your host, Brian, joined by Mr. Bo. Money Guy team out.