Who are the Money Guys?

"The Money Guys" typically refers to Brian Preston and Bo Hanson, hosts of The Money Guy Show, a popular podcast and YouTube channel offering financial advice, simplifying wealth-building strategies, and helping people achieve financial independence. They are both experienced financial advisors (CFP®, CFA, etc.) known for their "Financial Order of Operations" and practical guidance on saving, investing, and making smart money decisions.

Who are the hosts of The Money Guy Show?

That's where The Money Guy Show podcast comes in handy. Hosts Brian Preston and Bo Hanson embody the word expert when it comes to finances. They have decades of experience in the field and want to share it with their listeners free of charge. Brian Preston started his wealth management company in 2004.

Where are the money guys based?

He is living proof of that belief—as are so many Money Guy followers. Brian lives in Franklin, TN with his wife, two daughters, and spunky dog, Lilly.

Who are the money guys on YouTube?

That's why we generously share our knowledge every week on the show — and beyond!

• Brian Preston (CPA, CFP®, PFS)
• Bo Hanson (CFA, CFP®)

Are the money guys fiduciaries?

We're fiduciary financial advisors with a desire to give back. Over our 40+ years of combined experience, we've watched smart financial strategies not only transform our own lives, but the lives of countless clients and friends.

Average Retiree Income & Savings

What is the downside of using a fiduciary?

Disadvantages of using a fiduciary include higher costs (fees based on assets or hourly rates), potential bureaucracy and slow decision-making (especially with corporate fiduciaries or committees), a loss of personal connection, and sometimes limited investment choices due to strict adherence to best-interest standards. They can also lack the personal familiarity a family member has, potentially leading to family friction, and their structured processes might feel inflexible to beneficiaries. 

Is $500,000 enough to work with a financial advisor?

Yes, $500,000 is generally enough to work with a financial advisor, often meeting minimums for quality firms offering comprehensive planning, though some advisors require more while others offer services at lower thresholds, especially with digital tools or fee-only models. With $500k, you can access personalized investment management, retirement, tax, and estate planning, and you should expect fees around 0.5-1% AUM or potentially flat fees, with fee-only fiduciaries recommended for transparency. 

Who is the most trustworthy financial advisor?

Best financial advisor firms of January 2026

• Fidelity financial advisor.
• Fisher Investments.
• Facet Wealth.
• Vanguard Personal Advisor.
• Mercer Advisors.
• Edward Jones financial advisor.
• BlackRock financial advisor.
• Schwab Wealth Advisory.

How much is $1000 a month invested for 30 years?

Investing $1,000 a month for 30 years results in $360,000 in contributions, but the final value depends heavily on the rate of return; at a typical market rate like 9.5% (S&P 500 average), you could reach nearly $1.8 million, while a lower 6% return might yield around $1 million, showing the massive impact of consistent investing and compound growth. 

How many YouTube views do I need to make $10,000 a month?

To make $10k a month on YouTube, you generally need 1 million to 2 million views per month, but this varies drastically by niche, with high-value topics like finance potentially reaching it with fewer views (e.g., 500k-1m) and lower-paying niches requiring more, sometimes several million, as earnings depend heavily on RPM (Revenue Per Mille/thousand views) and other income streams like sponsorships. 

Are the Money Guys worth listening to?

If you haven't heard of The Money Guys, they are a YouTube and podcast show that focuses on how saving money now can have a huge impact on your future. Honestly, they do a great job, and I learned a lot from them. I followed the show for about six months and listened to a large portion of their content.

Where do millionaires put their money?

Bonds and Fixed Income

Millionaires may allocate a portion of their portfolios to bonds and other fixed income instruments. These assets can provide predictable interest payments and help balance risk against more volatile investments like stocks or real estate. Common choices include: Government bonds.

Who is Brian Preston?

Brian Preston, CPA, CFP®, PFS, is the founder and host of The Money Guy Show and Managing Partner and co-founder of Abound Wealth Management. He started podcasting as a passion project in 2006 out of pure excitement to share and educate the masses on building abundance through sound financial decisions.

Does Dave Ramsey still support Trump?

He has blamed politics for what he considers Americans' economic dependence, and has said presidents should do "as little as possible" about the economy. Ramsey supported Donald Trump in the 2024 United States presidential election.

Did Bob Brinker pass away?

Personal life and death

Brinker died on August 18, 2024, at the age of 82.

What caused Dave Ramsey to lose everything?

By age 26, he had amassed a portfolio of over $4 million in property and was earning an impressive income. But like many Houstonians and Texans today, he made one fatal financial mistake: over-leveraging with debt. To fuel his rapid expansion, Ramsey relied on short-term loans from multiple banks.

What if I invested $1000 in Coca-Cola 20 years ago?

Investing $1,000 in Coca-Cola (KO) stock 20 years ago (around early 2006) would have grown to roughly $6,000 to $6,200 by late 2025, with an annualized return of about 9.6%, including dividends, though the S&P 500 generally provided better overall growth during that period, showing that while KO offers stability, it often underperforms the broader market long-term.
 

Can you live off interest of $1 million dollars?

Yes, you can likely live off the interest or returns from $1 million, but it depends heavily on your annual spending and investment returns, with typical returns (3-5%) potentially yielding $30,000-$50,000/year, while more aggressive (S&P 500 average ~10%) can provide $100,000/year, though a balanced approach preserving principal is key, considering inflation and taxes for a sustainable income like $40k-$70k. 

What is the 7 5 3 1 rule?

The 7-5-3-1 rule is a personal finance guideline for Systematic Investment Plans (SIPs) in mutual funds, encouraging investors to stay invested for 7 years, diversify across 5 categories, manage 3 emotional biases (disappointment, irritation, panic), and increase SIP contributions by 1 increment (e.g., 10%) annually to build long-term wealth through compounding.
 

What is a red flag for a financial advisor?

Red flags with financial advisors include lack of transparency (hidden fees, complex compensation), unclear credentials or poor regulatory history, guaranteeing returns, pushing unsuitable or complex products, being unresponsive, using high-pressure tactics, offering generic advice, and failing to act as a fiduciary (always putting your interests first). A truly good advisor should listen to your goals, explain everything clearly, and have a clean record.
 

Is Edward Jones or Fidelity better?

Fidelity for sure. No fees and you get to control your own financial decisions among a vast array of low cost options. Edward Jones will charge you an arm and a leg in fees, put you in front loaded funds, then charge you more in commissions and AUM fees.

Is 2% fee high for a financial advisor?

Yes, a 2% fee for a financial advisor is generally considered high, as the industry average is closer to 1%, but it might be justified if you receive highly personalized, comprehensive services (like complex tax/estate planning, trusts) or have a smaller portfolio, though tiered fees often lower costs for larger assets; always evaluate the value of the specific, high-touch services provided versus the standard 0.5% to 1.5% range. 

What is the average 401k balance for a 65 year old?

The average 401(k) balance for those 65 and older is around $299,000, but the median is much lower, about $95,000, indicating high savers skew the average; this means a typical retiree has significantly less, often needing to supplement with Social Security for adequate income, though balances vary greatly by individual saving habits and employer plans. 

How many Americans have $500,000 in the bank?

Believe it or not, data from the 2022 Survey of Consumer Finances indicates that only 9% of American households have managed to save $500,000 or more for their retirement. This means less than one in ten families have achieved this financial goal.

What net worth is considered rich?

Being considered "rich" is subjective but generally requires a high net worth, with Americans recently citing around $2.3 million as the benchmark for wealth, though it varies significantly by age, location, and personal goals, with some defining it by financial freedom and security rather than just a number. The U.S. top 1% start around $13 million, while upper middle class is often $500k-$2M, showing wealth is relative to your peers.