Uploaded May 2026 | Updated September 2026, 2 weeks ago
Is Buy Now, Pay Later (BNPL) actually helping you build wealth, or is it quietly working against you? New data from Northwestern Mutual shows one in three Americans used BNPL for large purchases. Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) break down the data on BNPL usage and share their concern with this rising trend.
Then stick around, because we answer YOUR questions live! This episode covers what to watch out for if your company is going public, when tax diversification outweighs immediate traditional 401(k) savings for high earners, when to hire a financial advisor, whether a guaranteed severance can count toward your emergency fund, and more.
Timestamps
0:06 Buy Now Pay Later: The Financial Crutch That Can Lead to Devastation
11:29 Q&A: My Company Is Going Public. What Should I Watch Out For?
15:06 Q&A: When Does Tax Diversification Outweigh Immediate Tax Savings for High Earners?
19:14 Q&A: What's the Most Optimized Way to Save for a Car in Seven Years?
21:55 Q&A: When Should I Get a Financial Advisor?
31:56 Q&A: When Is It Better to Lease a Car Rather Than Buy?
38:00 Rapid Fire: It Does Not Depend
49:30 Maybe It Does Depend: Deeper Dives on the Rapid Fire Questions
58:49 Q&A: If You Could Go Back in Time, What Would You Spread the Word About Earlier?
🔗 Wealth Multiplier → moneyguy.com/tool/wealth-multiplier
🔗 Financial Order of Operations → moneyguy.com/guide/foo
🔗 How Much You Should Save → moneyguy.com/resource/how-much-to-save
🔗 8 Questions to Ask a Financial Advisor → moneyguy.com/resource/8-questions-to-ask-your-financial-advisor
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
Jump start your journey with our FREE financial resources: moneyguy.com/resources
Subscribe on YouTube for early access and go beyond the podcast: youtube.com/c/MoneyGuyShow?sub_confirmation=1
Connect with us on social media for more content: moneyguy.com/link-in-bio
Take the relationship to the next level and become a client: moneyguy.com/become-a-client
#WealthBuilding #PersonalFinance2026 #RetirementPlanning #FinancialFreedom
Is Buy Now, Pay Later (BNPL) actually helping you build wealth, or is it quietly working against you? New data from Northwestern Mutual shows one in three Americans used BNPL for large purchases. Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) break down the data on BNPL usage and share their concern with this rising trend.
Then stick around, because we answer YOUR questions live! This episode covers what to watch out for if your company is going public, when tax diversification outweighs immediate traditional 401(k) savings for high earners, when to hire a financial advisor, whether a guaranteed severance can count toward your emergency fund, and more.
Timestamps
0:06 Buy Now Pay Later: The Financial Crutch That Can Lead to Devastation
11:29 Q&A: My Company Is Going Public. What Should I Watch Out For?
15:06 Q&A: When Does Tax Diversification Outweigh Immediate Tax Savings for High Earners?
19:14 Q&A: What's the Most Optimized Way to Save for a Car in Seven Years?
21:55 Q&A: When Should I Get a Financial Advisor?
31:56 Q&A: When Is It Better to Lease a Car Rather Than Buy?
38:00 Rapid Fire: It Does Not Depend
49:30 Maybe It Does Depend: Deeper Dives on the Rapid Fire Questions
58:49 Q&A: If You Could Go Back in Time, What Would You Spread the Word About Earlier?
🔗 Wealth Multiplier → moneyguy.com/tool/wealth-multiplier
🔗 Financial Order of Operations → moneyguy.com/guide/foo
🔗 How Much You Should Save → moneyguy.com/resource/how-much-to-save
🔗 8 Questions to Ask a Financial Advisor → moneyguy.com/resource/8-questions-to-ask-your-financial-advisor
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
Jump start your journey with our FREE financial resources: moneyguy.com/resources
Subscribe on YouTube for early access and go beyond the podcast: youtube.com/c/MoneyGuyShow?sub_confirmation=1
Connect with us on social media for more content: moneyguy.com/link-in-bio
Take the relationship to the next level and become a client: moneyguy.com/become-a-client
#WealthBuilding #PersonalFinance2026 #RetirementPlanning #FinancialFreedom
