Uploaded July 2026 | Updated September 2026, 2 weeks ago
Traditional financial advice isn't always wrong—but some money rules simply haven't kept up with today's economy. Brian and Bo break down 5 pieces of financial wisdom that may be expired, including whether you really need a college degree, if 10% savings is enough for retirement, why buying used cars isn't always the best move, when budgeting every dollar stops making sense, and whether homeownership is still the path to building wealth. If you're focused on financial independence, investing, retirement planning, wealth building, and making smarter money decisions in 2026, this episode is packed with data-driven insights to help you avoid costly mistakes and build a stronger financial future.
Timestamps
00:00:36 Claim #1: You Need a College Degree
00:08:06 Claim #2: Saving 10% Is Enough for Retirement
00:12:48 Claim #3: Only Buy Used Cars
00:18:16 Claim #4: You Need to Budget Every Month
00:24:28 Claim #5: You Need to Buy a House to Build Wealth
00:30:25 The Real Lesson: Personal Finance Advice Evolves
00:31:06 Focus on What You Can Control
🔗 How Much Should You Save? → moneyguy.com/resource/how-much-to-save
🔗 Wealth Multiplier By Age → moneyguy.com/resource/wealth-multiplier-by-age
🔗 Car Buying Checklist → moneyguy.com/resource/car-buying-checklist
🔗 What is the 20/3/8 Rule? → moneyguy.com/guide/20-3-8-rule
🔗 Home Buying Checklist → moneyguy.com/resource/home-buying-checklist
🎓 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
Traditional financial advice isn't always wrong—but some money rules simply haven't kept up with today's economy. Brian and Bo break down 5 pieces of financial wisdom that may be expired, including whether you really need a college degree, if 10% savings is enough for retirement, why buying used cars isn't always the best move, when budgeting every dollar stops making sense, and whether homeownership is still the path to building wealth. If you're focused on financial independence, investing, retirement planning, wealth building, and making smarter money decisions in 2026, this episode is packed with data-driven insights to help you avoid costly mistakes and build a stronger financial future.
Timestamps
00:00:36 Claim #1: You Need a College Degree
00:08:06 Claim #2: Saving 10% Is Enough for Retirement
00:12:48 Claim #3: Only Buy Used Cars
00:18:16 Claim #4: You Need to Budget Every Month
00:24:28 Claim #5: You Need to Buy a House to Build Wealth
00:30:25 The Real Lesson: Personal Finance Advice Evolves
00:31:06 Focus on What You Can Control
🔗 How Much Should You Save? → moneyguy.com/resource/how-much-to-save
🔗 Wealth Multiplier By Age → moneyguy.com/resource/wealth-multiplier-by-age
🔗 Car Buying Checklist → moneyguy.com/resource/car-buying-checklist
🔗 What is the 20/3/8 Rule? → moneyguy.com/guide/20-3-8-rule
🔗 Home Buying Checklist → moneyguy.com/resource/home-buying-checklist
🎓 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
