Uploaded May 2026 | Updated September 2026, 2 weeks ago
Is saving money actually hurting you? While saving is vital for building wealth, Financial Advisors Brian Preston and Bo Hanson break down five specific situations where even good saving habits can quietly work against your financial future and reveal how to avoid each one.
From knowing why 28% of IRA rollovers sit in cash seven years later to how financial micromanagement can poison your relationships, we run the actual numbers with case studies comparing Average Allen and Manny the Mutant, showing how following the Financial Order of Operations can put you nearly 50% ahead with the same monthly budget. This episode gives you the framework to make sure your saving habits are actually building wealth, not holding you back.
Timestamps
0:00 Introduction
1:06 Mistake 1: Holding Too Much Cash
6:55 How to Avoid Mistake 1
9:04 Mistake 2: Saving While Having High-Interest Debt
14:42 How to Avoid Mistake 2
17:04 Mistake 3: Delaying Important Life Milestones
20:35 How to Avoid Mistake 3
24:19 Mistake 4: Creating Relationship Friction
26:59 How to Avoid Mistake 4
30:43 Mistake 5: Saving Without a Plan
32:39 How to Avoid Mistake 5
🔗 Wealth Multiplier Tool → moneyguy.com/tool/wealth-multiplier
🔗 Financial Order of Operations → moneyguy.com/guide/foo
🔗 How Much Should You Save? → moneyguy.com/resources
🎓 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 saving money actually hurting you? While saving is vital for building wealth, Financial Advisors Brian Preston and Bo Hanson break down five specific situations where even good saving habits can quietly work against your financial future and reveal how to avoid each one.
From knowing why 28% of IRA rollovers sit in cash seven years later to how financial micromanagement can poison your relationships, we run the actual numbers with case studies comparing Average Allen and Manny the Mutant, showing how following the Financial Order of Operations can put you nearly 50% ahead with the same monthly budget. This episode gives you the framework to make sure your saving habits are actually building wealth, not holding you back.
Timestamps
0:00 Introduction
1:06 Mistake 1: Holding Too Much Cash
6:55 How to Avoid Mistake 1
9:04 Mistake 2: Saving While Having High-Interest Debt
14:42 How to Avoid Mistake 2
17:04 Mistake 3: Delaying Important Life Milestones
20:35 How to Avoid Mistake 3
24:19 Mistake 4: Creating Relationship Friction
26:59 How to Avoid Mistake 4
30:43 Mistake 5: Saving Without a Plan
32:39 How to Avoid Mistake 5
🔗 Wealth Multiplier Tool → moneyguy.com/tool/wealth-multiplier
🔗 Financial Order of Operations → moneyguy.com/guide/foo
🔗 How Much Should You Save? → moneyguy.com/resources
🎓 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
