The #1 Investment That Will Make You RICH In 2026! | The Money Guys

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**Brian** (0:52)
If you self-define yourself as a victim that this system's built against you, unfortunately, victims don't come out of head.

**Graham Stephan** (0:58)
I think we're seeing the consequence of elevated volatility.

**Brian** (1:01)
Because I think anybody can be wealthy, but it's going to require discipline. You live in a less thing you make. You're using that margin to actually create the money that then gets invested. And anybody, if you give it enough time, can be a millionaire.

**Jack Selby** (1:13)
What are some of the biggest mistakes that you've seen people make?

**Bo** (1:15)
Whether you're a 20-year-old or you're a 60-year-old, if you don't have discipline, it's going to be very, very hard for you to be successful financially. That's why we see so many professional athletes who sign these huge contracts, these huge salaries and end up broke.

**SPEAKER_6** (1:29)
Do you think that that's on purpose?

**Brian** (1:31)
Consumption is profitable. Selling you stuff is profitable. Creating people who are independent and know how money works, it's not as easy.

**Jack Selby** (1:39)
Shouldn't investors be worried about how much the market is now dominated by AI?

**Bo** (1:43)
The market has a way, at least in my experience, of making us all, even the smart ones, look like fools.

**SPEAKER_6** (1:53)
Brian and both, thank you so much for coming on The Iced Coffee Hour. You guys manage about $2.2 billion worth of money for your clients. You guys are both certified financial planners, CFA, CPA. You guys are the real deal. And at the end of the episode, we want you both to react to Graham and my investment portfolios.
I think you guys are going to hate how I've invested my money. But before we do that, Graham has a question.

**Jack Selby** (2:19)
I want you to react to this clip because you focus a lot on retirement and saving. And Elon Musk just said that saving for retirement right now is pointless.
Here's exactly what he said.

**Graham Stephan** (2:29)
One side recommendation I have is, don't worry about squirreling money away for retirement in 10 or 20 years. It won't matter.

**Jack Selby** (2:38)
Okay.

**SPEAKER_1** (2:39)
Either we're not going to be here or?

**Graham Stephan** (2:45)
You won't need to save for retirement. If any of the things that we've said are true, saving for retirement will be irrelevant.

**Bo** (2:51)
So I think the context behind that clip is, he was saying that artificial intelligence is going to advance to the point to where there's going to have to be some sort of basic universal baseline for everyone.

**Brian** (3:01)
And also, I think he, because I've followed enough of what Elon says, is that he thinks because of all the breakthroughs that are to come, things are going to become so much cheaper.

**Bo** (3:11)
Because they're so efficient.

**Brian** (3:12)
That you're not going to have the need for the way we think about money currently.

**Bo** (3:17)
And so I think if you have my reaction, okay, we could move in that direction and he could absolutely be right. And so what do you end up with? You end up with a lot of people that saved a whole bunch of wealth or prepared for a thing that perhaps they did not have to be prepared for. But he's saying 10 or 20 years on the line. What's the other side of that coin? The other side of the coin is it doesn't manifest exactly the way that he says. The grasshopper did not store up for winter. Winter ended up showing up and 20 years on the road, you're like, whoa, I don't have any money. I don't have any savings. I don't have any retirement. Elon told me I wasn't going to need it, but I got there and now I need it. Which one of those is a worse outcome? I sacrificed a little bit of today that I guess I could have been living it to the full, or I actually get to retirement, get to the place where I want to not have to work anymore, and I didn't do the stuff I was supposed to do to be able to actually retire.