The Stacking Benjamins Show

By StackingBenjamins.com

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Reviews: 2


 Nov 18, 2018

A Podcast Republic user
 Jul 22, 2018

Description

Live, from Joe's mom's half-finished basement....listen to a parade of financial headlines, personal finance experts, creatives, and people with stories that inspire us. Every Monday, Wednesday, and Friday, hosts Joe Saul-Sehy & OG meet at the card table and bring you guests, trivia, your letters about saving, investing, and risk management, and much more. Academy of Podcast winner for "best business podcast of the year," 2017 Plutus award winner for "best personal finance podcast," and Kiplinger magazine's only recommended personal finance podcast.

Episode Date
Volcanos, Annuities and an Unconventional Retirement (with Dr. Rosaly Lopes)

What does a volcano have to do with your retirement? We won't use any crazy analogies here, like "things might erupt," or "danger could be bubbling below the surface," mostly because we wouldn't do something like that. But we don't need metaphors mostly because today we're talking to Dr. Rosaly Lopes, senior researcher, vulcanologist, and a TIAA client who speaks to us for a few minutes about her career, volcanoes, and how she's actively sought out annuities to fund her retirement. Why would she use them? What is a vulcanologist? What career advice does she have for people just starting down the path toward meaningful work? We'll ask all of those questions and more on today's show.

And in our headlines segment, have you ever made bad financial decisions after a few drinks? (and we're definitely not referring to the kind the comes with free refills....). Maybe you ordered too much food, or indulged in some of Amazon's two-day shipping for "just a few" items you've had your eyes on? While breaking your diet for a night or ordering a new board game aren't exactly the biggest mistakes to make in the world, but how about drinking while you're on the job? While that may seem like duh moment for most of us, one exchange has recently made it official, telling workers to stop drinking on the job. Which business? Of course, it's a financial business...which is why we're talking about it today. Plus, in our second headline, scammers have ramped up schemes against people with medical bills. We'll cover 7 red flags to watch out for, and in a triple threat headlines segment today, we'll discuss one piece that proves how difficult it is to predict interest rates. It turns out even the brightest among us who study the market full time can't get it right.

Later, after we take some time for Doug's specially themed volcanic trivia, we'll throw out the Haven Life Line to Mike, who's been thinking about exchange-traded funds. Should Mike have any concerns about using ETFs in his Roth IRA instead of mutual funds? After we're through discussing ETFs, we'll tear open a letter from Brian, who wants some fact-checking on his backdoor Roth conversion plans.

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb

Jun 24, 2019
Volcanos, Annuities and an Unconventional Retirement (with Dr. Rosaly Lopes)
51:39

What does a volcano have to do with your retirement? We won't use any crazy analogies here, like "things might erupt," or "danger could be bubbling below the surface," mostly because we wouldn't do something like that. But we don't need metaphors mostly because today we're talking to Dr. Rosaly Lopes, senior researcher, vulcanologist, and a TIAA client who speaks to us for a few minutes about her career, volcanoes, and how she's actively sought out annuities to fund her retirement. Why would she use them? What is a vulcanologist? What career advice does she have for people just starting down the path toward meaningful work? We'll ask all of those questions and more on today's show.

And in our headlines segment, have you ever made bad financial decisions after a few drinks? (and we're definitely not referring to the kind the comes with free refills....). Maybe you ordered too much food, or indulged in some of Amazon's two-day shipping for "just a few" items you've had your eyes on? While breaking your diet for a night or ordering a new board game aren't exactly the biggest mistakes to make in the world, but how about drinking while you're on the job? While that may seem like duh moment for most of us, one exchange has recently made it official, telling workers to stop drinking on the job. Which business? Of course, it's a financial business...which is why we're talking about it today. Plus, in our second headline, scammers have ramped up schemes against people with medical bills. We'll cover 7 red flags to watch out for, and in a triple threat headlines segment today, we'll discuss one piece that proves how difficult it is to predict interest rates. It turns out even the brightest among us who study the market full time can't get it right.

Later, after we take some time for Doug's specially themed volcanic trivia, we'll throw out the Haven Life Line to Mike, who's been thinking about exchange-traded funds. Should Mike have any concerns about using ETFs in his Roth IRA instead of mutual funds? After we're through discussing ETFs, we'll tear open a letter from Brian, who wants some fact-checking on his backdoor Roth conversion plans.

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb

Jun 24, 2019
Steps To Avoid To Become The Walking Dead (plus the Evil HR Lady!)
01:09:26

How do avoid becoming a zombie? No, not the Walking Dead zombie, but the type who works their whole life, just pounding away, realizing too late that it was all for nothing? On today's episode, Deb Meyer helps the team talk about redefining retirement. What does it really mean? How do we ensure we're chasing the right dreams? We'll discuss some big, heady thoughts in today's main segment.

Halfway through the show we'll take a break from our discussion to talk to the Evil HR Lady, Suzanne Lucas. Uber drivers have just been declared independent contractors, and not employees. What does that mean if you're working in the gig economy? What does that mean if you hire employees? We'll talk about all angles of this issue, and how it involves both side hustles and maybe also your primary job, on today's show.

Of course, as always, we'll take a Magnify Money hotline call, test our knowledge with Doug's hotdog eating trivia, and more!

Jun 21, 2019
Mom and Dad, We Need To Talk (with Cameron Huddleston)
01:07:10

Cameron Huddleston joins us to tell the story of her aging mother, and the time she nearly missed the chance to have an incredibly important conversation: how her financial assets were managed and what arrangements she'd made for the future. She'll share that story and strategies on talking with parents about money (especially what NOT to say), on today's show.

Plus, in our headlines segment, more retirement plan lawsuits hit the court system. The Supreme Court is looking at an interesting case, which largely revolves around when the participant was told about allegedly sub-par investment options in his employer plan. If you get a prospectus, does that mean you're on the hook from that day for everything that's inside?

Dave and his wife are debt free, and their children's college and retirement accounts are fully funded. Dave calls the Haven Life Line because they've been thinking about opening a taxable brokerage account to have funds outside of their retirement. Are there any tax implications they should know about? Is there anything else they should be considering?

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb

Jun 19, 2019
How To Rock An 800+ Credit Score (Your Letters)
01:03:41

You pay your bills on time. You're not in debt, and you have a great credit history. Yet, no matter what you do, you still find yourself stopping just below the mythical 800+ credit score threshold. What are you supposed to do? How do you push your credit score past the last hurdle? We'll discuss solutions for boosting a great credit score into a fantastic score, plus answer YOUR questions about credit card reward programs, where to keep your cash when you're waiting to buy a house, 401k questions and more on today's letter segment.

And in our headlines segment, are you seeking out new financial knowledge on your own, or are you waiting for new information to find you instead? We'll talk with Emily Shallal, senior director of product innovation at Ally Bank, about Ally's recent study on financial literacy. Plus, in our second headline, brokers have until the end of June 2020 to implement new regulations. The new rules could put a bigger strain on smaller brokers, who lack the same amount of resources as larger companies.

After some of Doug's musical trivia, we'll take a break from our letters to answer a Haven Life Line call from Gregg, who's opened a new brokerage account with Fidelity. The company has offered him a checking account., but when Greg initiatives an ACH on Day 1 it takes another 4 days before he gets access to the cash. How can they do this?

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Jun 17, 2019
Retirement: You Made It. Now What? (plus an intro to PayActiv)
01:13:07

We LOVE talking about investing, savings, and of course, stacking Benjamins, but what about when you actually make it to retirement? Do you have a plan for your first day after your last day of work? How about that next month? That next year? We've mentioned it before: retirement isn't the destination, it's a journey, and a milestone on the bigger journey of life. Discussing the "Now, what?" of making it to retirement are our contributors, Derek Merkler from Parsonex Financial Services, Paula Pant from Afford Anything, and OG from our very own Stacking Benjamins.

Halfway through the show we'll take a break from our discussion while Joe talks to Safwan Shah, CEO of PayActiv. Minimum wage employees are often hit the hardest with cashflow issues while they're between paychecks. Safwan and his company have set out to provide a solution: real time access to earned income. Safwan will share on just how PayActiv is accomplishing their goals during our Fintech segment.

And during our Magnify Money call we'll answer a voicemail from Loretta. Loretta's parents are retired. They have a paid off house and a healthy amount of savings. However, her mom has gotten sick and money has become a bit tighter. Loretta has since realized that 90% of their stock is in one blue chip company. Her parents are hesitant to change. How can Loretta talk to her parents about their finances? Is She worried over nothing?

Looking for something deeper than what we give you on the show? Three days a week not enough? Subscribe to our weekly newsletter: The Stacker.

Jun 14, 2019
9 Lies About Work (with Ashley Goodall)

You've always known it: most of what people tell you about great work is a lie. Ideas such as company culture, work-life balance, and other truisms are all challenged today by bestselling business thinker, researcher and author Ashley Goodall. Today he joins us to flesh out what we really should be focusing on at work and how, whatever your role, you personally can make your work and your company better. If you spend a ton of time at work, why wouldn't you want it to be something that not only pays the bills, but something that's also fulfilling?

In our headlines segment, a new report from the Federal Reserve shows how Americans are faring with their retirement savings. Finances seem to be okay, but what's the deal behind our thoughts on retirement savings? We'll share details. Plus, in our second headline, one survey is reporting that 60 percent of Americans don't have a will. While most of us don't have celebrity sized estates (such as the one we discussed Monday in our discussion on Tom Petty's estate problems), not leaving a will behind could mean trouble for your family.

After we take a short break for Doug's Superman-themed trivia, we'll tackle a question from Erik who's thinking about opening a SEP account. Can he keep investing into his Roth IRA and have something like a SEP? Are there better options Erik should be looking into?

And in out letters segment, we'll open a letter from Sue, who wants our thoughts on having an index annuity with an annual reset. She already has a bit of savings and has a paid off home. Is it annuity a good idea?

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb.

Thanks to Clear for supporting Stacking Benjamins. Get your first two months of Clear for free by going to clearme.com/sb2019 and using promo code sb2019.

Jun 12, 2019
9 Lies About Work (with Ashley Goodall)
01:13:15

You've always known it: most of what people tell you about great work is a lie. Ideas such as company culture, work-life balance, and other truisms are all challenged today by bestselling business thinker, researcher and author Ashley Goodall. Today he joins us to flesh out what we really should be focusing on at work and how, whatever your role, you personally can make your work and your company better. If you spend a ton of time at work, why wouldn't you want it to be something that not only pays the bills, but something that's also fulfilling?

In our headlines segment, a new report from the Federal Reserve shows how Americans are faring with their retirement savings. Finances seem to be okay, but what's the deal behind our thoughts on retirement savings? We'll share details. Plus, in our second headline, one survey is reporting that 60 percent of Americans don't have a will. While most of us don't have celebrity sized estates (such as the one we discussed Monday in our discussion on Tom Petty's estate problems), not leaving a will behind could mean trouble for your family.

After we take a short break for Doug's Superman-themed trivia, we'll tackle a question from Erik who's thinking about opening a SEP account. Can he keep investing into his Roth IRA and have something like a SEP? Are there better options Erik should be looking into?

And in out letters segment, we'll open a letter from Sue, who wants our thoughts on having an index annuity with an annual reset. She already has a bit of savings and has a paid off home. Is it annuity a good idea?

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb.

Thanks to Clear for supporting Stacking Benjamins. Get your first two months of Clear for free by going to clearme.com/sb2019 and using promo code sb2019.

Jun 12, 2019
Winning In The Long Run (with Sanjay Rawal)
01:04:05

Establishing your BEST financial habits means realizing that it isn't about being great today or tomorrow; it's about doing the right things over and over again for the long run. Today we talk to the creator of a documentary specifically about a long run. 3100, Run and Become is the story of an ultramarathon that covers (shocker) 3100 miles. Better yet? It's run around a single New York City block. Sanjay Rawal will take us through the event, his making of the film, and we'll talk about topics that have everything to do with finance. 1) Finding what you love; 2) Chasing a dream; 3) Knowing your weaknesses; 4) Finding your state of "Flow"; and more. The cool part for us? We get to talk finance in a way that you've probably never heard it talked about before.

During our headlines segment, another deceased celebrity's estate is an arm wrestling match for the heirs. Sigh. We'll tell you who's fighting for the cash and discuss what YOU should do to foolproof your estate plan from your greedy family. Then, in our second headline, credit card reward programs are everywhere... but just like ice cream brands, they're not all created equal. We'll talk pros and cons of credit card rewards during our second piece.

As if that's not enough, we keep bringing it! During our Haven Life Line segment, we'll answer a question from Jason. He's wants to retire in his 40s. If Jason rolls his Roth 401k into a Roth IRA, will he be able to withdraw the cash without the tax penalty? Does the 5 year conversion rule still apply?

Then, in our letter segment David is just starting to pay attention to his financial situation. He wants to know what the advantage would be of using a financial advisor or buying funds that have high expense ratios over doing it himself. Couldn't he just do it on his own and save extra cash? We'll surprise Jason with an answer he doesn't expect, and hopefully surprise you, too.

And don't you worry, we'll still have time for some of Doug's very special Benjamin Franklin themed trivia.

Thanks to Clear for supporting Stacking Benjamins. Get your first two months of Clear for free by going to clearme.com/sb2019 and using promo code sb2019.

Jun 10, 2019
Your Guide to the WORST Wedding Gifts (plus an intro to SteadiPay)
01:19:05

What are the absolutely worst wedding gifts you could give this wedding season? One recent article from Kiplinger had us nodding our heads, so Mom said we should challenge our Friday roundtable, including special guest Beau Henderson from the Retirement Resource podcast, to a special game show! While we'll have some fun with this topic, you'll take away some better ideas for wedding gifts, creating a little less waste and a ton less wasted money.

Halfway through the show we'll take a break from our discussion on all things wedding related while Joe talks to Anthony Strike, founder of SteadiPay. Steadipay helps users pay off their credit cards in full so that they can use them like debit cards. How does it work? SteadiPay puts an equal amount of cash aside each time a credit card is used, and at the end of the month the app will automatically pay your balance with the amount. Interested in knowing more? We'll get the details from Anthony.

And after we let Doug have a little fun with our Friday gameshow-inspired trivia, we'll field a voicemail from an anonymous caller during our Magnify Money call. Our caller tells us they're relatively new to money, and that they're 34 with $300k of savings built up. What's the best plan of action to get started in the world of finances?

Thanks to Simple Contacts for supporting Stacking Benjamins. Save $20 on your first Simple Contacts order at http://www.simplecontacts.com/sb and use promo code: sb.

Jun 07, 2019
Manifesting "Happy Money" (with Ken Honda)
01:11:22

How do you make all of your financial transactions happy ones? How do you introduce the idea of abundance into your life? Ken Honda believes that while money can't make you happy, we DO attach lots of emotions to those bills in our wallet. Why shouldn't we actively manage our self talk around our money? That's the question Ken asks and answers on today's show. We'll talk about gratitude, sharing, making more money, changing your mindset, and creating more "Happy Money" in your life.

Plus, in our headlines segment, stock market investors aren't the only one worried about fees...the Justice Department is currently taking a look into the world of real estate and hidden realtor commissions. So, what does that mean to you? We'll discuss how sneaky commissions impact the home buying process for both sellers and buyers. In our second headline, the IRS has announced a higher limit for HSA contributions in 2020. We'll have you covered with everything you need to know by the end of today's headlines segment.

Then, after a little break for Doug's trivia, we'll answer Cal's voicemail call to the Haven Life Line. Cal's planing on semi-retiring soon. He thinks he'll use his 401k to subsidize his post 55 years. Is this a solid plan, or is there something he's missing?

And during our letters segment we'll tear open some mail from Adrian, who write's in with a some questions about opening up a Roth IRA for kids. Is it true that minors can have an IRA once they earn income? Does that have to be through a W2, or does chore money work too?

Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.

Jun 05, 2019
An Economist Walks Into a Brothel (with Allison Schrager)
01:12:24

Allison Schrager is an economist who's studied negotiation, diversification, and also, the topic we'll discuss in today's episode, risk. She'll explain risk using a lens that we haven't seen someone use before...the eyes and actions of legal sex workers. To illustrate how people think about risk, she visited brothels, horse breeders, and, among others, poker players. We'll discuss the many ways we miscalculate risk, how to make better decisions, and what happens when we evaluate the wrong types of risk.

And in our headlines segment, we'll call up Madeline Hume from Morningstar. They've completed a report on the state of 529 college savings plans nationally, and Joe and Madeline will dive into the data. We'll talk ab out the latest innovations in plans, plus shine a spotlight on some of the best and worst states to invest your hard-earned college money. Plus, we'll look at one piece describing a shakeup in the online financial planning community that could spell trouble for industry leader Vanguard.

In our Haven Life Line segment, we'll throw out the line to Jason, who has some questions for OG about risk parity. Would something like a a 50/50 split between stocks and long-term treasuries a good idea? What are the possible downsides?

After we spend some time giving advice to Jason we'll tear open Chris's letter, who has some social security questions. Considering the investments and pensions Chris and his wife already have on the table, would it make more sense to defer taking social security? We'll give our thoughts, but if you're looking for a more in depth conversation about social security you can check our our previous interview with Philip Moeller and Paul Solman.

Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.

Thanks to Simple Contacts for supporting Stacking Benjamins. Save $20 on your first Simple Contacts order at http://www.simplecontacts.com/sb and use promo code: sb.

Jun 03, 2019
When's The Right Time To Quit Your Job? (plus an intro to a pet-centric ETF)
01:11:11

Is there ever a right time to quit your job? At what point do you give up on the current job and take a pay cut to climb a better ladder? On today's show we'll talk career prospects, life planning, income, and more during our headline segment. Helping us out with today's roundtable are our contributors: Mary Wheeler from the Know Debt No Problem podcast, Paula Pant from the Afford Anything podcast, and OG from our very own Stacking Benjamins show.

Halfway through the show we'll take a little break from our discussion on jobs (or lack thereof), while Joe talks to Simeon Hyman of ProShares about the market's new exchange traded fund... PAWZ. We've discussed plenty of financial and investment strategies on the show, but this may be the first time we'll discuss a pet care inspired ETF.

After Joe wraps up his conversation with Simeon we'll pivot back towards our contributors for our Magnify Money call. JC calls in today with some excited news: he's getting married soon! With marriage on the way, JC also has retirement on his mind. He's 27, and is thinking about playing catch-up with his investments. Is he a little crazy to think about maxing out their accounts despite their income levels?

Thanks to MetPro for supporting Stacking Benjamins. Get a complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb.

Thanks to AcreTrader for supporting Stacking Benjamins. Learn more at AcreTrader.com/sb.

May 31, 2019
The Importance of a (Real) Bucket List (with Karen Cordaway)
01:15:21

What's on your bucket list? Do you talk about your list or have you actually sat down and drawn one up. If not, why not? Today's guest, Karen Cordaway, discusses bucket lists in detail with us. Why you should have one, how to begin, what to avoid, and how to stick to your list are just a few of the topics we'll cover. Even if you're knee deep into building your list (or working through one), there's something for everyone today!

And in our headlines segment... how prepared are you to tackle unexpected expenses? We'll cover a piece by the Motley Fool that describes one bill that would bankrupt most Americans, but don't worry, we'll also give some methods on getting ahead. In our second headlines, we'll give our two cents on 10 rules one publication says that you should follow for financial success.

We'll throw out the Haven Life Line to Sanjay, who's thinking about putting all of his cash in a single index fund like the Vanguard Total Stock Market Index Fund. Long time listeners of the show probably know where this one is heading.

And don't worry, we'll still have time for some of Doug's trivia.

May 29, 2019
One of the World’s Greatest Investors: T. Rowe Price (with Cornelius Bond)
01:16:28

On today's holiday episode we'll remember a great member of the investment community, T. Rowe Price. Cornelius Bond recently wrote a biography on the investing giant, and we'll dive in on the man, the investment philosophy, and how he built one of the country's biggest financial companies. First, in our headlines segment, do you know someone who's graduating this spring? You may want to share today's show with them, because we'll cover what many employers think is the most annoying characteristic of new hires. Think the trait has something to do with slacking off or staring at their phones all the time? The real answer might surprise you. Plus, in our second headline, Uber just completed one of the worst IPOs of the past 25 years. We'll cover the big lesson from that experience as well.

Later on, after some Memorial Day travel trivia from Doug, we'll field a Haven Life Line question from Nick, who's now ineligible to contribute to his Roth IRA due to the amount of money he earns. He's starting to invest in his workplace 401k, but his employer doesn't match. Is there something better he should be doing? Also, with two young kids in the house Nick has to start thinking about college. He doesn't like the idea of putting college savings into a 529 plan, so what about an UGMA or UTMA account?

Finally, in our letters segment, Jessica has sold some stock in her Fidelity account. Can she use those gains to fund her Roth IRA?

Thanks to MetPro for supporting Stacking Benjamins. Get a complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb.

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb

May 27, 2019
7 Quotes That Will Make You Rethink Personal Finance (plus Bethany Bayless' Top Disney Tips)
01:46:55

What keeps you motivated when you don't feel like thinking about saving more, spending less, or investing better? Do you have words you live by to help guide you through life? On today's show we're calling our friends Brandon Opre from TrustTree Financial, Paula Pant from Afford Anything, and the Len Penzo from LenPenzo.com, to discuss financial quotes that'll keep you motivated. Take this (interesting) freebee from Charles A. Jaffee: "It's not your salary that makes you rich; it's your spending habits." Like that? We have many more in today's episode.

Halfway through the show, we'll take a break from the discussion with our roundtable crew to finish our summer holiday travel coverage. To compliment our show from Wednesday with Theme Park Insider's Robert Niles, today Joe will talk with Bethany Bayless, co-host of the Money Millhouse podcast, about Disney tips and tricks she's so graciously decided to share with us. If you'll want to hear more of that conversation make sure to stick around for a few seconds after Doug closes out the show... you won't regret it if you have a trip planned to see a mouse in your future.

After we close out of our Disney themed travel guide, we'll hand the mic over to Doug who has some holiday weekend-appropriate trivia. We'll ask our roundtable a very important question: how many billions of dollars did Americans spend on wine last year? Think you have the answer? Remember your answer and see if you could beat our guests on the show.

We'll end today's roundtable with a call from Amy, who's going back to school to be a nurse practitioner. While her hospital is paying for some of her expenses and fees, Amy will still have to cough up about $15,000. Should she reduce her 403b contributions to the company match, or take out a loan and pay it back after she gets her degree?

Thanks to Proper Cloth for supporting Stacking Benjamins. Get $20 off your first custom shirt at Propercloth.com/sb.

Thanks to Ting for supporting Stacking Benjamins! Get $25 off your phone at sb.ting.com.

May 24, 2019
Your Guide To Summer Fun (with Robert Niles)
01:03:08

Each year here in the basement, it isn't officially summer until we present this episode, which is why we're so happy to bring you Robert Niles, Mr. Theme Park Insider. He's coming down for his annual trip to the basement to help you find your best summer theme park fun. From the best upcoming rides, to fan favorites, plus the best way to get a few discounts from your favorite parks...he's bringing all his tips and tricks to you on this episode. I know! We're fired up, too!

And in our headlines segment, where's the best place to save for big purchases like a house or other short-term goals? We'll probably have a few answers that are not exactly what you're thinking. And in our second piece, randomly selected stocks beat out investment picks by fund managers. So... what does that mean for us? We'll cover monkeys, darts, and savings goals on today's headlines segment. Just another day...

Next, during our Haven Life Line call, we'll answer a voicemail from Dan, who wants to know how best to allocate his family's investments. He's diversified, but does he really need mid-caps and a total stock market index fund? Plus, in our follow-up letters segment, Steve calls in says that he's invested in large, mid, and small cap... (plus international funds.) Steve doesn't have a problem with his allocation, but is it an issue that it's all through one brokerage firm? You'll get the best of both worlds during today's listener focused segments.

And don't worry, we'll still have time for some theme parked... themed trivia.

Thanks to Ting for supporting Stacking Benjamins! Get $25 off your phone at sb.ting.com.

How about $50 off your first job post? Head to Linkedin.com/sb

May 22, 2019
A Better Way to Buy Investment Real Estate (with David Greene)
01:04:00

Bigger Pockets' David Greene joins us to tackle a more efficient way to buy real estate, especially if you're interested in building a large portfolio of passive income-generating properties. It's called the BRRRR method, and we'll walk through each of those letters on today's show. specifically, we'll talk about how to buy, rehab, rent out, refinance, and repeat. Even if you don't plan on using BRRRR as your strategy, David will share lots of tips on putting your best real estate deals together, finding a great time to help you, and common problems with real estate investing and how to avoid them.

And in our headlines segment, are you in a race to reach retirement? We'll discuss one MarketWatch piece that shares 5 hard-earned lessons from people who retired early. It turns out that early retirement (or any retirement at all, is more about psychology than you would think...but it's still about math.

Later in the show we'll throw out the Haven Life line to Dave. His mother-in-law wants to invest in his children's college fund. What's the best way to go about that? A 529 plan? Something else? We'll all weigh in on a myriad of options.

Then, in our letters segment, Aly's Capital One investment account has been sold to E-Trade. What are the alternatives that she should use?

Of course, as always, we'll also make some room for some of Doug's fantastic pre-Memorial Day trivia.

Thanks to Proper Cloth for supporting Stacking Benjamins. Get $20 off your first custom shirt at Propercloth.com/sb.

How about $50 off your first job post? Head to Linkedin.com/sb

Have you read this far? Write us this phrase: OG Stinks! to joe at stackingbenjamins.com to win a #Doug2020 tee-shirt. You can join the brigade of people for responsible leadership!

 

May 20, 2019
What's the True Cost of Subscriptions? (plus details on Trim's purchase of Debitize)
01:15:52

We all know that subscription costs add up: Amazon, Hulu, Netflix, maybe a lawn service or wine-of-the-month club. But how do you make the decisions which to keep and which to heave-ho? Today our roundtable team, including author Frankie Calkins (author of the new book The Money Resolution, 101 Ways to Save Money, Make Money, and Get Out of Debt in One Year), OG, and Paula Pant (host of the Afford Anything podcast). Whether you're in subscription hell or can't remember the last time you said yes to a subscription service, we'll chat our way casually through all the relevant stuff you need to think about.

We heard from you when popular app Debitize went bye-bye, and halfway through the show we'll talk to Thomas Smyth, CEO and founder of cost cutting app Trim. The company recently purchased Debitize, and we'll ask Thomas to give us the skinny on what the future looks like? Why did they decide to buy Debitize, how are they integrating it, and what does the future look like for the new combined company.

Of course, we'll then dive into Doug's ah-mayz-ing trivia, but then we'll field a voicemail from the Magnify Money Line from Trent. Trent's been given the opportunity to be a professional athlete. He's currently 23, and has been talking to financial advisors. Their advice is largely the same except in one area: whole life insurance. What's our take on the issue?

Looking for something deeper than what we give you on the show? Three days a week not enough? Subscribe to our weekly newsletter: The Stacker.

Thanks to AcreTrader for supporting Stacking Benjamins. Learn more at AcreTrader.com/sb.

May 17, 2019
Secrets of Wealthy Women (with Veronica Dagher)
01:21:58

We can learn a ton from the wealthiest among us, and Veronica Dagher from the Wall Street Journal, and host of the Secrets of Wealthy Women podcast, has a front row seat with some of the smartest and wealthiest people in the country. She'll share with us lessons from three women that easily apply to both women and men. You're going to pick up some great career, money, and life advice on today's show!

In our headlines segment we're discussing two different pieces by MarketWatch and Financial Planning. Is it true that the stock market can't be beat? One MarketWatch article claims that what you think you know probably isn't the right answer. And in our second piece, is there a good reason why so many financial advisors are jumping ship? We'll give our take on why advisors are so eager to switch firms.

Then in our Haven Life Line segment, we'll field a voicemail from Matt, who's looking to diversify his portfolio. What's our take on pot stocks?

We'll also answer a letter from Craig, who writes in about how he is finally debt free and has a paid off home. He's now getting into some pretty aggressive investing and wants some advice on different strategies he has in place.

Of course, we'll also make some room for some of Doug's trivia.

May 15, 2019
Playing With Financial Independence (with Scott Rieckens and Travis Shakespeare)
01:21:03

Scott Rieckens felt something wasn't right in his life. While he lived in a beautiful corner of the world, and despite he and his wife having fantastic jobs, life just wasn't what he'd expected. So, he did something that few people do...he actually decided to change. The results? He's teamed with Emmy Award-winning director Travis Shakespeare and created a documentary called Playing With Fire, which not only chronicles he and his spouse Taylor's journey toward a better future, but it also explains the concepts behind a movement called FIRE (financial independence/retire early). We'll talk to the makers of the film about how they created the final product. We'll preview the concepts Scott and Travis explain in the movie, and finally, we'll share some details about how and when you may be able to see it yourself.

And in our headlines segment Joe will talk to Meredith Ryan Reid about MetLife's new study showing that Gen Y women are behind other groups on both their finances and their confidence in the workplace. Meredith will give us some advice and strategies on what to do when you find yourself falling behind.

Later in the show we'll throw out the Haven Lifeline to Katherine, who has some questions on calculating her net worth. Wouldn't paying off debt also lower the amount of cash available to you, in turn keeping your net worth the same?

Then, in our letters segment, we'll field a question from Wendy about what she should be doing with her full service brokerage account. She's taken some time to learn about commissions and high annual fees. What's the best plan on moving everything over to a new, low fee account?

Of course, we'll also make some room for some of Doug's leprechaun-themed trivia. Just how do leprechauns earn all that gold they hide away at the end of the rainbow?

Thanks to AcreTrader for supporting Stacking Benjamins. Learn more at AcreTrader.com/sb.

Looking for something deeper than what we give you on the show? Three days a week not enough? Subscribe to our weekly newsletter: The Stacker.

May 13, 2019
Let's Talk About Credit and Debt (with Gerri Detweiler)
01:16:29

Have you checked your credit lately? How does credit even work? Why do I have a low credit score? Today, Len Penzo, OG, and our special guest Gerri Detweiler tackle credit, credit cards, and hwo to best make your credit score your friend.

Halfway through the show we'll take a break from our discussion while Joe talks to Carter Malloy from AcreTrader. When you think investments, does farmland come to mind? On today's fintech segment we'll talk to farmland a viable, attractive investment option.

After Joe wraps things up with Carter, Doug will jump on the mic to deliver today's trivia question to our roundtable crew. Before the first transcontinental railroad was completed a coast to coast trip could easily cost $1000 or more. But how much did the trip cost after the railroad connected the two coastlines? Keep your answer in mind... but no cheating! Doug will give us the answer after the roundtable has a chance to get in their answers.

After we declare a winner for our halftime gameshow, we'll answer a Magnify Money call from Andrew. Andrew and his family will be moving soon from their paid off condo into a townhome. Should the family use some of their emergency fund to pay down more cash on their townhome, or wait until their condo sells and use that money towards their new home?

Looking for something deeper than what we give you on the show? Three days a week not enough? Subscribe to our weekly newsletter: The Stacker.

May 10, 2019
Making the Leap to Successful Investing (with Erin Lowry)
01:14:07

Erin Lowry from Broke Millennial learned early on about investing. As someone who's VERY conservative and not excited about losses, she didn't want much to do with investing. But, she'll tell us the story today about how she got started and about how you can make it easy. We'll talk about the types of funds to simplify your investment choices, how to add money, and what to do if the market isn't your friend (things start to fall apart).

Plus, in our headlines segment, one man who called the last two market downturns says there's another on the way. Should we be preparing for choppy waters?

Later on, we'll throw out the Haven Life Line to Larry, whose emergency fund has been drained after a few back-to-back expenses. Should Larry get his emergency fund back to capacity over time, or look towards his Roth IRA contributions to speed up the process? And in our letters segment, Brian has took a side gig delivering food for Uber Eats. After talking to some of his fellow drivers Brain is suspicious that they're defrauding the IRS by not paying any taxes on their earnings. Should Brian steer clear of their advice, or is he just missing out on easy money?

As always, we'll still save some time for Doug's trivia...which today is exceptionally epic.

Thanks to Ting for supporting Stacking Benjamins! Get $25 off your phone at sb.ting.com.

May 08, 2019
Is a Latte Ruining Your Financial Independence? (with David Bach)
01:14:11

On today's show, we'll sit down with David Bach, the nine-time bestselling author. What's keeping you from achieving your financial goals? Is it a latte a day? While it doesn't necessarily have to be a latte, our discussion with David will shed some light on the simple things in your life that could be holding you back from reaching your destination.

And in our headlines segment, we'll be joined by Ashley Boucher of Sallie Mae. Sallie Mae has released their Majoring in Money 2019 report, and among some of the more surprising discoveries is that some students hold FIVE credit cards. We'll discuss more of the big takeaways from the report during our call with Ashley, along with covering an article from InvestmentNews about Schwab's new portfolio management tool.

Later in the show, we'll throw out the Haven Lifeline to Thomas, whose son has gotten all of his college paid for this past year, (with money to spare!) Thomas' son wants to put the extra $3000 into a Roth IRA. Are they allowed to do this, or are there some restrictions that are in place?

Then, in our letters segment, Dano has some questions about how he should allocate his retirement funds. With Dano paying a percentage of his money to a pension, wouldn't that be considered his "safe" investment? When Dano is putting money into his Thrift Savings Plan account, couldn't he put all of the cash into the more aggressive funds?

Of course, we'll also make some room for Doug's trivia, so don't you worry.

May 06, 2019
Our Best Money Advice For Beginning Savers No Matter Your Age SB RWD 92
56:22

To end our rewind week we present one of our favorite roundtable topics. How do you start saving, when you feel like you can't? I think most people are in this boat, based on statistics about how much money the average person squirrels away. So, here with good facts and humor, were Len Penzo, Hilary Hendershott, and Hannah Rounds. Plus, our friend Shannon McLay was just opening her wildly successful Financial Gym in New York (now she's expanding it all over the USA). We talk to her in this episode about her launch.

Here are the show notes from the original episode:

What was the best advice someone could have given you when you first started investing? If you're a new investor OR a seasoned pro, you're in luck because our roundtable team are all sharing their best tips today to help get the ball rolling. We're joined by two great guests today (along with the amazing Len Penzo)...host of Profit Boss Radio, CFP Hilary Hendershott AND one of our favorite writers, Hannah Rounds from Unplanned Finances. Not only will we talk about getting started early with your financial plan, but then we'll also tackle problems with brokers and sales incentives. How do you know you won't get burned? Finally, we'll answer a question originally asked of The Moneyologist at MarketWatch.com...what would you do if you found out your mother had taken out lots of credit using your name illegally? Would you turn her in? You'll be surprised by all of our answers.

THEN in the FinTech segment, we're actually going to go anti-FinTech this week and talk to our friend Shannon McLay about her new concept coming to a city near you, the Financial Gym. What happens when you give your money a workout? How does it work? Maybe, even though we talk about great ways to use your phone for planning purposes, maybe face-to-face coaching has a place in your planning, too.

Thanks to Magnify Money for sponsoring our podcast! Support the companies that support us and help yourself along the way.

May 03, 2019
Want to Change? Start Here (with Cortney McDermott) SB RWD 91
01:01:45

I'm personally excited for you to hear this episode. When this first aired I personally was going through some really dark stuff...and as always happens, I found a book that spoke to me and helped me through it. I needed to change. I needed a wake up call. Maybe you do, too. I was lucky that I found Cortney's book and wondered, "Would she come on the show and talk about this?" I'm grateful that she did. Of course, the rest of the episode is a lot of fun, as always. - Joe.

Our original show notes:

Where do you start when planning your money? Cortney McDermott, the author of one of this year's hottest self-help and business books, joins us in the basement to talk about starting out. If you don't know what you want, how do you know where to go? Yet, most of us don't ask ourselves the right questions to even begin the journey.

Plus, we'll also share headlines from the world of financial planning, throw out the Haven Life line to a lucky listener, score with some of Doug's delightful trivia, and more.

Huge thanks to Roofstock (check them out for real estate) and MagnifyMoney.com (when you're comparing financial tools like credit cards and savings accounts) for helping us with today's show. They're awesome companies and if you're not using them, I'm not sure you know what you're missing!

May 01, 2019
Money Not Handed To You? Here's The Memo - with John Hope Bryant (SB RWD 90)
48:39

The "system" isn't fair. Names from Ray Dalio to Bill Gates talk about income inequality. Poverty is often swept under the rug by people who want to easily dismiss it as "not pulling yourself up," yet most know it isn't that easy. One man who knows very well how difficult inequality can be is John Hope Bryant. He came down to the basement to talk about "getting the memo" in 2017, and we've been talking about it ever since. To kick off rewind week (if you're new to the show, we play favorites for a week after eight weeks of new podcasts), we're excited to re-share this episode. Enjoy!

Apr 29, 2019
Here's Why You Aren't Rich
01:18:01

Why aren't you rolling in the dough? Maybe it's because you aren't focusing on the right parts of your budget. Studies have consistently shown that ONE area of savings beats all others. What is it? Tori Dunlap from HerFirst100k joins Len Penzo and OG to talk about why you aren't saving more money. While you'll learn the top reason why you aren't saving more, you might also have fun doing it....

Halfway through the show we'll take a break from our discussion while Joe talks with Jarrod from the new Easy Profit game. If you've spent any amount of time listening to the show you know that we love the idea of the science of play. So when we heard about a new game that'll teach you how to understand financial statements we just had to talk to the guy behind it all.

Then, when Joe's done talking to Jarrod, we'll take some time for Doug's trivia. After a little Disney inspired gameshow fun we'll answer a voicemail from Demetrious, who's been hard at work paying down his loans. While Demetrious wants to keep bringing an extra cash all the overtime at his manufacturing job has been wearing down on his body. Are there some side hustles that he could turn to?

Thanks to MetPro for supporting Stacking Benjamins. Get a complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb.

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb.com.

Apr 26, 2019
Transitions, Sudden Money, and Negotiating Contracts (with Andrew "Hawk" Hawkins)
01:04:46

Andrew Hawkins was an NFL football player with the Cincinnati Bengals and Cleveland Browns. He also won two Grey Cups in the Canadian Football League, worked in the Detroit Lions front office, starred in a reality television show with Michael Irvin, and starred on Sportscenter on Snapchat...what's he doing now? He's coming down to the basement to talk about how to transition. In his new podcast series, Branching Out (par of the Kneeding Dough series of podcasts if you're searching iTunes), Andrew interviews professional athletes about how they made the transition from pro sports and also what savvy money moves they've made along the way. We'll talk about changing jobs, starting out, building your team, believing in yourself when nobody else does, and more. It's an inspiring interview with Hawk.

Plus, in our headlines segment, investors are flocking to buy ZOOM stock... but there's a problem. That's not the company they really want. They're really after ZM stock (from the popular video conferencing company Zoom). Due diligence anyone? And in our second headline, we'll cover one woman's emotional story about creating a "what-if" plan to prepare for the loss of a significant other.

Later on, we'll throw out the Haven Life Line to Drew, who is on a student loan repayment plan. He'll qualify for student loan forgiveness in 20 years, but he doesn't want to put all his faith in his loans being forgiven. Should he forgo investing and instead plug away at his student loans?

As always, we'll still save some time for Doug's trivia...which today is exceptionally epic.

Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb.com.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Apr 24, 2019
From Monk to Money Manager
01:20:09

Doug Lynam grew up in a wealthy family but rejected looking wealthy at an early age and began hanging out with counter-culture kids while trying hard to find himself. From that lifestyle to the Marines and finally to becoming a monk, we'll talk about Doug's quest to find himself and ultimately to come to grips with the role of money and what it meant for him (and also for many of us). We'll talk through stories about his quest, how he began helping his fellow monks with their money, and ultimately how he became a money manager. He'll also share strategies to help you begin building your financial knowledge, to start questioning your own view of money, and to ultimately become a better steward of money. It's a wide-ranging, fun discussion, and we hope you're able to join us for it!

In our headlines we'll talk to Paul Yakoboski, Senior Economist at TIAA Institute, about the results of the company's 2019 Personal Finance Index. He'll share how education and juggling your financial life are closely related. We'll talk about trends with the P-Fin index, the roll of education in your game plan, and more. He'll discuss how to gain knowledge about money and how to become better handling financial concerns. Plus, another company is planning an iPO. No, not an IPO (initial public offering), but a more made-up term called an iPO. We'll explain today.

Later in the show, we'll throw out the Haven Lifeline to Alan, who has an awesome question for us about pensions. He has two choices: one where he can take the full amount himself or another where he gives up $400 per month but his spouse is also covered for her life. Which does he take?

Then, in our letters segment, Dillion writes in asking about the best way to transition into the field of personal finance. He's currently an accountant, but Dillion's realized his passion is in helping people learn about and gain control of their finances. What's the approach to moving into the personal finance field?

Of course, we'll also make some room for Doug's trivia, so don't you worry.

Apr 22, 2019
Financial Lessons from a Wedding Gone Wrong
01:06:32

What happens when a bride and her mom spend $70,000 on a wedding and everything goes wrong? Here's a bigger question: What happens when you spend more to get a bigger, better experience and it completely goes awry? Is it better to "super size" your spending to find more joy? We're all about the correlation between happiness and spending on today's episode. We're shaking things up with today's roundtable guest because joining us in today's discussion is Bobbi Rebell, host of the Financial Grownup podcast AND co-host of our very own Money in the Morning show. Plus, we'll call up Paula Pant of Afford Anything, and Len Penzo from LenPenzo.com.

After a crazy Game of Thrones meets Len Penzo inspired trivia from Doug, we'll answer a voicemail during the Magnify Money call. Reed asks about an article he's read on retirement. According to the piece, there's a lot of "front-loaded" spending in retirement, which could drain cash savings a lot quicker than expected. We'll give our take on retirement, spending, and planning in our response to the piece.

Thanks to Clear for supporting Stacking Benjamins. Get your first two months of Clear for free by going to clearme.com/sb2019 and using promo code sb2019.

Apr 19, 2019
Quitting Your Job at 31 to Achieve a Life Goal (Your Letters)
01:17:49

Today we're all about your letters. We'll start with a question about moving funds around to avoid some taxes, jump into helping a 25-year-old decide whether to max out his retirement accounts, answer a question about robo advisors, and then launch into helping kids with money, how to save for a house, and more.

In our headlines segment we'll talk to Joe Jiminez from The Alternate Life podcast. Maybe you've had the urge to quit your day job and go on a journey, but few of us have actually followed through. Joe Jiminez dumped the job and spent his summer walking the Continental Divide Trail. We might not be able to take the summer off ourselves, but we'll at least ask Joe what it's like.

Then later on, we'll throw out the Haven Life Line to Reggie, who's heard on the show that OG isn't particularly fond of Betterment or Wealthfront. Reggie has a bulk of his money in Wealthfront and Betterment, so he's wondering...what's the issue?

As always, we'll still save some time for Doug's trivia...which today is exceptionally epic.

Thanks to Proper Cloth for supporting Stacking Benjamins. Get $20 off your first custom shirt at Propercloth.com/sb.

Apr 17, 2019
Tax Day 2019 (Plus Parenting Beyond the Rules with Connie Albers)
01:09:57

Connie Albers joins us today to talk about communication. Specifically, we'll talk about communicating with teenagers, but if you've ever struggled to communicate with anyone, Connie will share great tips on how to build bridges. We'll talk about how to ask the tough questions and have difficult conversations. We'll discuss ways to better understand what's going on in the other person's life. Most of all, we'll discuss ways to be a good leader for your children or for the people around you.

If you're still struggling to finish your taxes, Katherine Pomerantz of The Bookkeeping Artist swoops in to save the day. Katherine will share some great tips for ways to possibly save some money on your taxes and also provide some guidance for people not prepared to finish today. How do you file an extension? What if you can't pay the tax due? And in our second headline, the amount of money Americans are paying on credit card interest is only going up this year... by A LOT.

And later on in the show we'll throw out the Haven Life line to some new parents. Sebastian and his wife had their baby last year, and they're trying to secure his college future. They have a few different plans in mind, but would like some help on choosing the best one.

Then, in our letters segment, Tom has recently started using savings apps. This all sounds well and good, but he also has $13,000 in debt. Should Tom forgo the savings until he has in debt under control?

Apr 15, 2019
We Make $500k a Year and Struggle With Our Budget (plus the Retirement Budget Calculator)
01:14:49

Why is a couple making $500,000 a year feel like they're just getting by? Shouldn't they feel better off than most people? On today's roundtable we'll examine the budget of the couple who feel just "average" and discuss why lifestyle inflation can eat up more of our income than we expect. Joining us on today's show we welcome special guest Michael Anderson (from Maranantha.com), Paula Pant (from AffordAnything.com), and from our very own podcast, OG.

Halfway through the show we'll take a break for our weekly Friday Fintech segment, this week featuring something really cool that can help your retirement plan. Joe sits down with Jason Parker from Sound Retirement Planning, who shares the work he's done to create a calculator that will more likely help you set up realistic scenarios that you can use for your planning.

And during our Magnify Money Call, we'll answer a voicemail from Annie. Annie's on the track to be debt-free. She's already been investing into her retirement accounts, and she has a four month emergency fund saved up right now. Annie will complete her last goal after she pays off her car loan and ups her emergency fund to six months. What should be her next milestone?

As always, of course, we'll still save some time for Doug's trivia.

Apr 12, 2019
The Genius of Living Like It's Groundhog Day (with Austin Kleon)
01:14:49

How do you keep going when every day seems like a repeat of the last? What do you do to stay focused when either you're always asked to jump higher or may even just perform the same tasks again and again? Why do we turn every great hobby into a marketing opportunity and kill it by calling it a new a "side hustle" idea? What's the value of gifting something? What tools do you use to build your dreams? Our guest today, Austin Kleon, helps us address all of these fundamental questions and more. As a New York Times Bestselling author and creator, Kleon brings the creative mind of an artist to the pragmatic business world and shares some truths that can help all of us attain more of the life we're fighting for.

Great news! There's some exciting new legislation working its way through Congress that could offer better retirement options in the future. As always, we've invited an expert to help us make sense of it all. Chris Spence is senior director of federal government relations for TIAA, and has a front row seat to all of the changes. He'll share highlights, concerns, and the big wins for many of us on today's show.

Also during our headlines segment, we'll discuss one recent news article suggesting that those staying out of the equity rally are really starting to feel its effects. In fact, people staying on the sidelines in cash just might make this year's rally last longer.

Later on, we'll throw out the Haven Life Line to Harvey. Harvey and his wife are closing on their dream home soon (congratulations!) and are wondering what they should do with their condo. They know they can more than cover its expenses if they rent it out, but selling the property will save them a ton of cash on their new loan, along with PMI payments. What should the couple do?

Plus, when we get to our letters segment, we'll tear open some mail from Kevin, who's wondering if you can "exchange" ETFs like you can mutual funds.

As always, we'll still save some time for Doug's trivia...which today is exceptionally epic.

Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.

Apr 10, 2019
How To Fire Your Financial Advisor
01:23:51

Ever wonder about firing your advisor? One woman wrote to Joe about firing her advisor, and we realized that's a question that many people have. How does the process work? Do you tell them? How do you move your money somewhere else? In their haste to get rid of an advisor, some people make big mistakes that end up costing them lots of money.

Today we're letting you be a fly on the wall. In place of our regularly featured interview, we'll let you listen in on the recorded conversation Joe had with an anonymous listener who's gotten fed up with her financial advisor. They'll discuss whether to sell assets, what records to keep, how to talk to the advisor, and what to look for in new/better help and brokerages.

Plus, in our headlines segment (couldn't get rid of that, could we?), the nation's biggest bond investor has dismissed the possibility of a stock market downturn in the near future. BUT, many in the financial media think the signs all point to stock market doom and the downturn is at our doorstep. So, who should we believe? Should our financial plan change regardless of what happens?

And later in the show, we'll throw out the Haven Life Line to Danielle. Her son, who has special needs, is getting his job. They are working toward him living independently and want to open an account for him at a brick-and-mortar bank where he'll have assistance if needed and easy access to his cash. Thoughts?

Then, in our letters segment, we'll cover a (totally) hypothetical question from Matt. Would it make much sense to have his kid forgo the traditional college experience and instead put all the savings into an investment account? It's all about time in the market, right?

Don't you worry, we'll cover it all and more (including Doug's trivia), on today's content-packed episode of Stacking Benjamins.

Apr 08, 2019
What Retirement Terms Should You Know? (plus an intro to the Penge app)
01:12:34

Do you think you could pass a quiz covering basic questions about retirement? While you MIGHT be confident that you know the basics, a recent TD Ameritrade survey suggests that most Americans would actually fail a simple retirement quiz. To help us make sense of whether the terms listed on this quiz are actually meaningful we're helped on Joe's Dad's shortwave by Paula Pant (Afford Anything), Andy Hill (Marriage Kids and Money), and special guest Daniel Angelone (Innovative Planning Partners.)

Halfway through the show we'll take small break from the roundtable for our weekly Friday Fintech segment. Joe will talk to Brittany Joiner, creator of the social finance app, Penge. Different than many of our interviews, the Penge app isn't yet "a thing." How does a developer create the idea for a new app and bring it to life? Brittany is living that right now. We'll also tackle how she realized that being inclusive with your social circle about personal finance can change our attitudes towards money. We'll cover that and more during today's Fintech segment.

And during our Magnify Money Call, we'll answer a voicemail from Calvin, who's still getting adjusted to the world of personal finance. From what he's learned so far ETFs and mutual funds are the best way to invest. Is there anything else he should be doing with his money to diversify?

As always, of course, we'll still save some time for Doug's trivia.

Thanks to Away for supporting Stacking Benjamins. Go to awaytravel.com/sb20 and use the promo code sb20 to get $20 off a suitcase!

Apr 05, 2019
One Woman's Shark Tank Journey (with Tanya VanCourt)
01:25:38

Ever wonder what it'd be like to square off against the sharks? Tanya VanCourt from Goalsetter.co just did that and we'll share the exciting story from start to finish on today's show. Whether you're a fan of Shark Tank, Goalsetter, FinTech, or just entrepreneurship in general, you're going to love our blow-by-blow telling of Tanya's Shark Tank adventure. She shares LOTS of strategic lessons for anyone hoping to be a business owner, networker, or strategist.

Plus, in our headlines segment, we'll talk to Peter Polson (CEO of Tiller) about Apple's new credit card offering, which was announced just last week. While it's been getting a lot of hype from the media, is the card worth it? We'll break down the features of the new card, perceived benefits from it, and how this offering stacks up against others.

Also, we'll dive into one piece from Barrons that could throw a big wrench in a few retirement plans. Are you counting on your primary residence to finance your retirement? We'll discuss why that may not be the best strategy for your golden years. The Barron's piece calls it a trap, but do we agree?

Later on, we'll throw out the Haven Life Line to Les, who owes extra tax this year due to his 1099 income. Les also receives a W2 from his employer. Could he request extra withholding from his employer to cover his self employment taxes? We'll round out the show with a letter from Nathan, who's hopping jobs. Both of his employers have a 457 plan, but his new job won't have a company match. What should he do with his 457? Roll it over? Leave it alone? Roll it to a different plan?

As always, we'll still save some time for Doug's trivia...which today is exceptionally epic.

Thanks to MetPro for supporting Stacking Benjamins! Get your complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb.

Apr 03, 2019
Whose Priorities Are You Working On? (with Laura Vanderkam)
01:17:23

We aren't foolin' around on April Fools Day, because bestselling author, TED speaker, and top researcher of successful people Laura Vanderkam joins us. Laura and Joe tackle time management and priorities. When you have more tasks to do than time to do them in, how do you decide what to do first? What do you ignore? She'll share some simple to implement ideas that will help you conquer your inbox and more importantly, help you increase your attention to what matters. If you need more money, more time, or more life, this is the episode for you.

In our headlines segment we'll also talk to Mike Foy from JD Power and Associates about their annual survey on full service advisory firms. This year it appears clients may be ready to ditch their advisor unless they're able to add to the bottom line (especially in a couple crucial areas). What is your advisor doing/not doing? We'll address that on today's show.

Also in our headlines segment, Securities America has been hit by an $18 million lawsuit. With the company's now fired broker facing up to 25 years in prison after pleading guilty to running a Ponzi scheme, what lessons should we be taking from a family who's taken an $18 million hit loss since 2001?

Of course, that's not all. We'll also throw out the Haven Life line to to Royale. With her financial plans on track and savings going well, is there anything Royale and her family are missing from their plan? Of course, we'll still take time to answer a listener letter. Today we'll field one from Michael, who wants to know if there's a good strategy for investments when the market starts to cool off. , and talk about a certain project Mom's Neighbor Doug may or may not be working on.

All of that and more in another action-packed episode of the Stacking Benjamins Show!

Thanks to Away for supporting Stacking Benjamins. Go to awaytravel.com/sb20 and use the promo code sb20 to get $20 off a suitcase!

Thanks to MetPro for supporting Stacking Benjamins. Get a complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb.

Apr 01, 2019
Outdated Money Advice You Should Probably Ditch (plus an intro to MetPro)
01:21:27

On today's show, we'll cover all the (once) great financial strategies that have floated around the financial community. What outdated rules-of-thumb are you holding? We'll talk about which financial rules you should probably chuck out the window, and which ones still hold some water in today's world. Joining us on today's roundtable is Sophia Bera (Gen Y Planning), Paula Pant (Afford Anything), and from our very own podcast, OG.

Halfway through the show we'll take small break for our Friday Fintech segment, which today we're renaming "Friday HealthTech." Joe and OG sit down with Angelo Poli, the founder of personal lifestyle and weight loss company, MetPro. How do you get yourself in shape? Buy health and sell bad habits.

And during our Magnify Money Call, our contributors will take a walk down memory lane to answer Rob's question. Rob's a high school teacher with the opportunity to pass on good financial knowledge to his senior class. He'd like some advice on what knowledge we would've wanted before we started our life journey.

As always, of course, we'll still save some time for Doug's trivia.

Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.

Mar 29, 2019
Making the Millionaire Choice (with Tony Bradshaw)
01:23:08

Tony Bradshaw believes that we all can become millionaires. Growing up in a low income household, Tony learned the hard way how difficult it was to make and keep a dollar. But, using some of the strategies he talks about on today's show, he set a goal, made a plan, and then worked his plan to become a millionaire before he was forty years old. We'll talk about how you can make similar choices on today's podcast.

Plus, in our headlines segment, we're NOT talking about Millennials, but instead, the newest study focused on... Gen Z. If we had to put a label or two on this generation's approach to the workplace it would read something like this: fast promotions and BIG raises. We'll dig behind the numbers and find some takeaways that are more than meets the eye, with the CEO of the company that studied the commission, Bill Bennett, from Inside Out Development.

Later on we'll throw out the Haven Life Line to David, who has some "big" investor questions. What's the deal with being an accredited investor? The group has to be pulling in a nice income every year, or has a big net worth already behind them. Is there really a higher class of investor who have better investing options than everyone else? After we spend some time sorting out the answer for David we'll field a letter from Kyle, who wants needs some guidance on what to do with a bonus from work. Should Kyle lump sump into his 401k (which will max out his contributions for the year), or dollar cost average the cash into his account?

As always, we'll still save some time for Doug's trivia.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.

Mar 27, 2019
How To Find and Profit From Your Money Story (with Jean Chatzky)
01:10:56

What's your money story? What the heck IS a money story? Jean Chatzky from Her Money (and the Today Show money editor) joins us to talk about her money story, why it's important, and how to use it to avoid making mistakes in the future and capitalize on your strengths. We'll also talk about maximizing social security, why many women don't consider themselves to be "investors," and judgement-free financial discussions.

Plus, in our headlines segment, we'll cover one new story that suggests there's a "alphabeticity bias" in 401k investing. What is alphabeticity bias? We'll not only define it, but probably make you groan when you hear how it's hurting people's performance in their retirement plans.

Later on we'll field some of your questions. First we'll throw out the Haven Life Line to Tim, who has a pension fund at work and an estimated monthly benefit. How does he calculate his net worth statement. Next, we'll open up a letter from Tyler, who has recently read that he shouldn't own small cap funds in a taxable brokerage account because of capital gains. Does he have a right to be concerned?

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Mar 25, 2019
Lessons from the Tooth Fairy (plus an intro to alternative investment IRAs with Alto)
01:20:29

In true Stacking Benjamins fashion today we're all about the Tooth Fairy. A new Delta Dental study shows that the Tooth Fairy is leaving less money for children's teeth. Does this mean the economy is weakening? Does it mean that the value of teeth are lower? Helping us out today we welcome special guest Susan Beacham from MoneySavvy.com. Also on today's motley crew, is Paula Pant from AffordAnything.com, and rounding out our gang is Len Penzo from the LenPenzo.com blog.

Halfway through the show, we'll take a break from our discussion with Susan and the rest of the gang to cover a long running IRA problem. Have you been looking for a place to make investing in alternative investments easier inside of your IRA? During our Fintech segment Joe will talk to Eric Satz, CEO of IRA company Alto, about what his company is doing to help streamline the process.

Then we'll answer a Magnify Money call for help from Lauren, who wants to save money for her kid's college fund, but is weary about the restrictions that come with using a traditional 529 plan. What other college savings vehicles are available for her?

As always, of course, we'll still save some time for Doug's trivia.

Thanks to Airbnb for supporting Stacking Benjamins. Go to Airbnb.com/SB to start hosting. You’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply.

Mar 22, 2019
The Case Against Rolling Your Workplace Plan to an IRA
01:05:29

We're answering your letters today, but first, we'll tackle a headline about the case against rolling over your 401(k) plan to an IRA. Most of us have heard why you should roll it over. Let's now hear the flip side. With points such as the lack of a stable value fund, the fact that many IRA advisors are just salespeople, and 401(k) plans in general beat IRA performance, the author makes many points which, on the surface, sound like an open-and-shut case. But is that really ALL of the argument? We'll discuss it today!

Plus, also in our headlines segment, one special interest group who loves fiduciary rules is arguing against one state that's trying to put them into place. Do they have a good argument? What does that mean for advisors helping you with your planning in general? We'll also tackle that big topic.

But then, we'll spend most of the show on your letters, which today include a TON of Roth IRA questions, among others. How should you set up your Roth? What about the 5 year rule? How should you invest your money inside of your Roth? We'll answer those, plus throw out the Haven Life Line, fire up Doug's trivia question, and more.

Today's episode is a great way to celebrate the first day of spring!

Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com.

Mar 20, 2019
How to Hire The Perfect Advisor (for you), with Nicholas Stuller
01:17:15

Finding the right person to help you make your best financial moves is a giant exercise in trust. How do you know an advisor is perfect for you? On that note, how do you know the advisor is right for anyone? What questions can you ask to avoid the wrong relationship? There are a thousand questions you could ask... but the bottom line is this: How do you hire the right person to help you manage your financial decisions? Coming onto the show today is the man with many answers, the author of How to Find the Perfect Advisor, Nicholas Stuller. By the end of the conversation, you'll know what you should watch out for and have the confidence to make the right decision when it comes to hiring a great advisor.

Plus, in our headlines segment, we'll take a look at marijuana stocks. These types of stocks continue to see a huge inflow of cash, but could investing in a marijuana stock create some big unintended consequences? We'll cover one piece that details the repercussions you could face by throwing even a few dollars of fun money into the wrong investment.

Later on we'll throw out the Haven Life Line to JB, who's looking for the pros and cons of choosing one method of retirement investing over another. What should investors be looking at when deciding on how to invest their retirement funds? We'll also answer a letter from Mark, who's looking for advice on if he should convert his traditional IRA to a Roth IRA.

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to Airbnb for supporting Stacking Benjamins. Go to Airbnb.com/SB and start hosting. You’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply.

Mar 18, 2019
How Do the Wealthy Manage THEIR Money? (plus FinTech to come with Ryan Falvey)
01:21:50

What do rich people do with all their Benjamins? Yachts? Helicopters? Trips to the Alps? Helping us through one MarketWatch piece that seems to have the answer to our burning questions about wealth, is the founder of Reisup, Tara Falcone. Plus, we welcome Len Penzo from LenPenzo.com and OG from our very own SB podcast.

Halfway through the show, we'll take a break from our discussion to talk about the future of FinTech. On our special Friday segment to talk about where your next savings opportunity might come from, we welcoming the co-founder of start-up incubator Financial Ventures Studio, Ryan Falvey.

Then we'll throw out the Haven Life Line to Tim, who has a question about where he and his wife should sock away their retirement funds. Right now most of their money is in traditional accounts, but would it make more sense to have it a Roth account instead?

As always, of course, we'll still save some time for Doug's (completely epic) trivia.

Thanks to Grammarly for supporting Stacking Benjamins. Get 20% off a Grammarly premium account, go to Grammarly.com/SB.

Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.

Mar 15, 2019
How Do the Wealthy Manage THEIR Money? (plus FinTech to come with Ryan Falvey)

What do rich people do with all their Benjamins? Yachts? Helicopters? Trips to the Alps? Helping us through one MarketWatch piece that seems to have the answer to our burning questions about wealth, is the founder of Reisup, Tara Falcone. Plus, we welcome Len Penzo from LenPenzo.com and OG from our very own SB podcast.

Halfway through the show, we'll take a break from our discussion to talk about the future of FinTech. On our special Friday segment to talk about where your next savings opportunity might come from, we welcoming the co-founder of start-up incubator Financial Ventures Studio, Ryan Falvey.

Then we'll throw out the Haven Life Line to Tim, who has a question about where he and his wife should sock away their retirement funds. Right now most of their money is in traditional accounts, but would it make more sense to have it a Roth account instead?

As always, of course, we'll still save some time for Doug's (completely epic) trivia.

Thanks to Grammarly for supporting Stacking Benjamins. Get 20% off a Grammarly premium account, go to Grammarly.com/SB.

Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.

Mar 15, 2019
How Do I Pay Off My College Debt? Plus, FIRST No-Fee ETF (with David Carlson)
01:09:09

Does it feel like it'll be an eternity until you've finally finished off your student loans? Maybe you're one of the nearly two-thirds of Americans who wonder how they'll ever pay off their loans. Student loans can be a burden for years after you've walked across the stage for a diploma, and it's one expense no one would miss from their monthly budget. And while money and enough time will eventually take care of your student loans, we expect you don't want to wait to be anchored down for a good portion of your working life. So to help you pay down your loans more quickly, today, we welcome special guest David Carlson. David has been in the all-too-known position of having to pay down lots of student loan debt... but he figured out a solution to pay it off. Now he's teaching his process to us.

Plus, in our headlines segment, one FinTech company that you've probably heard of is rolling out fee-free exchange-traded funds. Surely it's time to jump ship and invest in them, right? In our second piece, we're looking at one MarketWatch publication about how a manager earns his profits: from other investors' mistakes.

Later on we'll throw out the Haven Life Line to Matt, who is relocating from Texas to Louisiana. Texas does not have a tax on income, while Louisiana does. Can Matt hold off on his retirement contributions so that he can reduce his earned income in Louisiana?

And in our letter's segment, Duncan wants to know if he should take out a small loan to max out his Roth IRA for the year. He's only 30, so he has plenty of time left to minimize risk.

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to Molekule for supporting Stacking Benjamins. Get $75 off your first order at Molekule.com with our promo code: SB.

Thanks to Skillshare for supporting Stacking Benjamins. For 2 months of Skillshare FREE, visiting Skillshare.com/SB.

Mar 13, 2019
Earning More By Doing Less (with David Hause)
01:09:25

Are you aggressively striving for your financial goals? Putting in the time to make your dreams come true? Are you sure you're NOT going to let anything stand in your way when it comes to securing a nice retirement and a fantastic nest egg? Here's a question: when are you working TOO hard toward your goal? How do you know when you've gotten TOO caught up in the rat race? On today's show, we sit with entrepreneur David Hauser, who's built and sold two successful businesses, but who also has been overworked, unhappy, and unhealthy. Early on, David was used to a 100+ hour week, a lifestyle of unhealthy eating, and not a lot of physical activity. After a 10 year journey of self improvement, David has found a work-life balance that not only satisfies his financial needs but his personal ones as well. As you'll hear in the interview, being all about the Benjamins doesn't necessarily mean you need to sacrifice the other important parts of your life.

Plus, in our headlines segment, how much do you spend on subscriptions? Today Joe talks to Andy Kerns from Digital Third Coast. Partnering with Waterstone to conduct the study, Andy's team looked into the relationship that America has with subscription services. Is it destroying your bottom line? We'll also dive into a piece on how the new crop of financial planners are trained... should more financial firms be looking at a residency program?

Later on we'll throw out the Haven Life Line to Roxanna, who's only partially vested in a 401k at her old workplace. Could she have problems getting her cash down the road? On the letter's side of things, Tearar wants to get some ETFs in her workplace's SIMPLE IRA, but is getting pushback. What's the deal?

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to Molekule for supporting Stacking Benjamins. Get $75 off your first order at Molekule.com with our promo code: SB.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Mar 11, 2019
What Financial Terms Should You Know? (with an intro to the Destiny app)
01:20:58

401k? Roth? Dollar cost averaging? Market timing? Target-date funds? Choosing to take responsibility for your financial well-being is often a difficult choice, and it's not made any easier by the long list of jargon that comes attached to being money savvy. That's why on today's show we're breaking down all the words and definitions that'll have you scratching your head as you try to get your budget and retirement plan on the right track. Joining our awesome panel of contributors today (alongside our very own OG, and Paula Pant from Afford Anything) is Nate Abercrombie, from the Investing with the Buyside podcast.

Halfway through the show, we'll take a small break from our discussion for our Friday Fintech segment. On today's segment, Joe sits down for a call with Parker Graham from the Destiny App. Do you want to pay off your debt faster (of course you do!), but also get the small wins from the debt snowball method? We'll explore how the Destiny App is setting out to give you the best of both worlds on today's Fintech.

Plus, we'll throw out the Haven Life Line to Kristen. Kristen and her husband are high-income earners but are putting two kids through college. They're also carrying a mortgage and a car loan... with no retirement savings. Where should Kristen and her spouse put their focus as they realign their priorities?

As always, we'll still save some time for Doug's (completely epic) trivia.

Go to Airbnb.com/SB and start hosting. You’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply.

Thanks to the Murder Book Podcast for Supporting Stacking Benjamins. Go to MurderBookPodcast.com to listen in.

Mar 08, 2019
Saving For a House, Real Stock Returns, Social Security, and more (Your Letters)
58:50

Should you take on debt to buy real estate? Does the stock market really return as much as we're told it after a life of saving and investing? And on the topic of stocks... how should a portfolio be split up between small, large and foreign stocks? That's just a sneak peak of the broad range of question and answers we're discussing on today's jam-packed letters episode.

During our headlines segment, OG is sharing his thoughts on Warren Buffett's Berkshire Hathaway letter to investors. Plus, we're calling 1(800)Accountant CEO Mike Savage. What's the deal with this year's tax refunds... or lack thereof?

After some unusually fantastic trivia by Doug, we'll throw out the Haven Life Line to Luke, who is getting his master's degree this fall. With his tuition covered, plus a stipend of $1400 a month, should he try to max out his Roth IRA before school starts, or should he save the amount of $6000?

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com.

Go to Airbnb.com/sb and start hosting you’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply.

Mar 06, 2019
Mortgages 101 (plus: your subscriptions are killing you)
01:20:09

Whether you've never purchased a home before or just don't know much about the process, we've got a treat for you today. We're going to dive into everything mortgages 101 today, like PMI, the negotiability of fees, and the lie that everyone quoting rates is telling (those rates "might not be what you think they'd be.") On today's show we welcome the guy who's teaching us everything millennials need to know about mortgages, Jeff VanNote.

During our headlines segment, we'll start with one piece detailing how Americans would spend a life-changing sum of money. Do you know how you would spend yours? In our second headline, we talk to head of retirement research from Carson Wealth, professor Jamie Hopkins. Could you be on the hook for your parents' long term care? Plus, in a special third headline, one Florida man received a $980,000 tax refund. Before you start asking how you can cash in as he did, you'll want to find out the rest of that story.

Later on, we'll field a Haven Life Line call from Michael, who has $5,000 in savings. He's put in about $500 into Acorns so far to start investing, but should he be doing more? And in our letter segment, Allen tells us how he's been socking away $100 per month since his daughter has been born. She's going off to college in a couple of years, and Allen wants to keep socking away $100 for her in a Roth IRA once she graduates. Where's the best place to start the account?

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Mar 04, 2019
Money Moves For the MINUTE You Decide to Retire with Harlan Landes AND Buzz Indexes (SB RWD 89)
01:05:38

What should be the number one priority on your retirement planning list? That answer is going to be different for everyone, and on this roundtable episode our contributors gave their take on one list's "most' urgent items.

You can find the original show notes from 2016 below: 

What are the most important moves to make in retirement? Harlan Landes (Adulting.tv, Plutus Foundation) joins Paula (AffordAnything) and Len (LenPenzodotcom) to tackle a recent Wisebread piece that claims to give us the MOST urgent items on your retirement planning list. Does our panel agree? You'll find out on today's show. Also, we mull over real estate home improvements (where do you get the most bang for your hard-earned dollar?) AND dream about what we'd do if we could get unlimited points/miles. Heck, even ChiChi's gets a mention on today's show. You know it's going to be a wild one when we're talking ChiChi's.

In our FinTech segment we talk to Jamie Wise from Buzz Indexes(BUZ) about their index and ETF. Hedge fund managers have been following the wisdom of social media crowds...now Jamie and his firm are bringing the same technology to the average investor.

Thanks to MagnifyMoneyand SoFi for sponsoring our podcast!

Mar 01, 2019
Check Your Financial Diagnostic with Jean Chatzky (RWD 88)
01:01:40

When's the last time you gave you financial life a good inspection? It's been a bit since we talked about having a good look at our financial processes and routines, so the Fintern decided to spin up Joe's interview with Today Show Money Editor Jean Chatzky. 

Back in 2017 Joe talked to Jean about why people should get a financial "check up." We still think that's a great idea in 2019.

Here are the original show notes from 2017: 

If anyone knows the heartbeat of personal finance, it's Today Show Money Editor Jean Chatzky. On today's podcast, Jean joins us in the basement to talk about your financial engine. How well is it running? She's teamed up with Dr. Michael Roizen to talk about how to age-proof your life. We'll have LOTS of tips and resources today.

In our headline segment, we talk annuities. Our arch-enemy Meg forwarded us a nefarious piece about annuities that clearly displays what some annuity salespeople are thinking--they just want your cash. Plus, we throw out the Haven Life line and also save time for Doug's trivia.

Special thanks to  SoFi and Magnify Money for sponsoring our show! We couldn't do any of this without the support of these awesome companies.

Feb 27, 2019
What Do We Think About Market Timing? (RWD 087)
01:05:31

We haven't talked about market timing at all on the show lately, so the Fintern thought it was about time to reach back in the archives and find an old episode on the topic.

This eshow is from a Wednesday back before we changed our format. OG sounds like he's in a tin can, to a degree, but if you can get through that, the show itself is a really great collection of letters from you.

Here's the original show notes from 2015:

Today the star of the show is YOU! You ask us about market timing, diversification and risk…and we deliver the goods.

Plus PK is back in the basement to argue with Joe about emergency funds. When is it the right time to save into your emergency fund? Is it best to save BEFORE you pay down debt or AFTER? PK says AFTER and Joe says BEFORE….you’ll hear the epic debate on today’s show!

As if that weren’t enough, today’s headline is about China’s recent move to regulate their stock market volatility. Is that good or bad for investors? We also review the film Focus with Will Smith and Margo Robbie.

Feb 25, 2019
Lies Money Gurus Tell (plus an intro to NuMoola)
01:06:31

It's easy to find financial advice on the internet. But finding GOOD financial advice? You'll find that's a bit more difficult. With so many money "gurus" pushing their sage wisdom, how do you sort through all the noise and find the truth? We'll discuss where the "truth" lies today, with some help from our contributors: Chelsea Brannon from Smart Money Mamas, Len Penzo from LenPenzo.com, and OG from this podcast. Today we're tackling money, (bad) advice, and lies!

Halfway through the show we'll take a break to talk to Eric Redline, creator of kid-focused money management app, NuMoola. Next we'll answer a Magnify Money call from Scott, who wants to buy a home sooner rather than later. The catch? He doesn't have 20% to put down as a downpayment. Should he charge forward anyway?

And don't you worry, we'll save some time for Doug's trivia.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Thanks Audible!  Get Power Moves by Adam Grant for free when you sign up for a free Audible trial at Audible.com/sbpower or text sbpower to 500 500.

Feb 22, 2019
When Should I Fire My Financial Advisor? (Your Letters)
01:14:26

Today we'll throw out our regular playbook to focus on what's really important: your burning financial questions! From Ginny, who wants to become interested in finance (plus a husband who has a BIG man-crush on OG), to Craig and his wife who just inherited a big sum of money....and to Chris wants to know if he should use his savings to pay off his car note before his wedding, we made you and your questions our BIGGEST focus today.

BUT, that's not all... we still managed to tackle two big headlines. Making ripples across the financial sector, one ex financial adviser has been sent to prison for seven years after stealing $300,000 from a 97 year old. How do you avoid that mess? We'll show you where this situation went off the rails. Plus, in our second headline, a series of mistakes has the Omaha Public School' pension fund scrambling after a $771 million shortfall. Headlines like these don't exactly inspire trust in the financial industry, so we'll share our big ideas on saving for retirement without walking into a mess like this.

A letters episode doesn't mean we're skipping out on the Haven Life Line! Jared is at a critical point with his financial advisor, who hasn't had the best returns in the past couple of years. Is it time for Jared to give his advisor the boot? We can't make the decision for him... but we can tell him our thoughts.

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Feb 20, 2019
Starting a Business, Cardi B, and the Problem with Afterpay
59:57

Nearly everyone has had a "great" business idea. However, as mom says, "the devil is in the details," and great businesses aren't built on ideas, they're built on successful implementation and follow through. To help you set up either your next side gig or start your next big venture, we're excited to talk to Maria Aspan, Editor at Large for Inc. Magazine. She'll discuss where to look for financing, the importance of a business plan (is it really important?), how to ask family for money, when to include venture capitalists, and more. She'll also share some fantastic success stories from people who've already accomplished what many of our listeners want to learn.

Plus in our headlines segment millennial money expert Stephanie O'Connell stops by the basement to discuss the new layaway alternative, Afterpay. Here's how it works: pick out what you want today and pay for it later. Does that sound somewhat like a credit card? Stephanie breaks it all down during our interview. And in our second headline, Cardi B is speaking out against people who are taking jabs at her spending habits. She says she's spending over $300,000 per month and can't lower her bills any more. What's her reasoning? We'll jump into her personal financial issues and talk about responsibilities during our second headline.

And in our Haven Life Line, Dustin has his investments for his son's college in the market. With college quickly approaching, where should Dustin be moving his money? Then we'll take a letter from Chris, who wants more information on the rule of thumb many of us have heard, of having a certain threshold of money saved by different ages.

As always, we'll still save some time for Doug's (completely epic) trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Feb 18, 2019
How to NOT Blow Your Tax Refund (Plus an intro to CareerPurpose from TIAA)
01:07:57

Whether it's big check time from the IRS or not, it's always important to know ahead of time what to do with a large sum of money. Do you have a plan for your tax refund cash? Today, whether you have the beginnings of a plan or no clue, this show is for you. Today we're joined by host of the Seven Figures podcast, Sandy Waters, Paula Pant from Afford Anything, and our very own OG.

About halfway through the show we'll take a break and talk to Mark Elliot from TIAA about your career. Looking for a more meaningful vocation? Mark will describe CareerPurpose.com, a partnership they've formed with LinkedIn to help people like you improve their work life.

And after some deep-sea inspired trivia from Doug, we'll cross the finish line by taking out the magnifying glass and helping listener Austin. He could finish paying off his loans this year, but that would mean taking a year off from investing. What should he do?

Thanks to OnDeck for sponsoring the show. For a free consultation with one of their US-based loan specialists, go to OnDeck.com/SB.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Feb 15, 2019
We Heart Better Money Communication (with Walter Wisniewski and Allison Vanaski)
01:16:12

We're celebrating Valentine's Day in true money podcast fashion, talking all things romantic, like wine, spreadsheets, money dates, and open communication about money. We know...total romance. Joining us to discuss all of these things and more are a father-daughter financial planning team of Walter Wisniewski and Allison Vanaski. We'll also talk about non-verbal money cues (what is your significant other NOT telling you about money, but is showing you?), why we're afraid of money chats, and how to discuss financial topics with aging parents and non-family members. We're talking all things communication on today's show!

Plus, in our headlines segment, do credit scores factor in to how we look at love? Does good and bad credit matter in the dating world? We'll talk statistics and love with Jonathan Walker from The Center For The New Middle Class. Plus, Joe and OG will discuss one piece that covers 5 mistakes you could be making with your money.

Later on, we throw out the Haven Life Line to Zac and his wife. They've recently discovered the FIRE movement and now want to retire by 50. With conventional logic suggesting to invest into accounts that won't be available under after 50, where should Zac and his wife be looking to invest with Fire in mind? Plus, we're also answering a letter from Any Mouse, who wants to know if he has enough assets to cover his son in the event that something happened to him.

And don't worry... we'll still take some time for Doug's trivia.

Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Feb 13, 2019
The Art and Science of Making Work Optional (with Tanja Hester)
01:17:07

Tanja Hester realized at a young age that even though she loved her career, she was still helping an organization chase THEIR goals instead of her own, and that's when her plan to make work optional was hatched. On today's show she'll talk about not only her story, but also about how she and her husband tracked their progress (dual spreadsheets!), discussed the timing of leaving, and downsizing her lifestyle. She also shares potential struggles she sees down the line, like rising health care costs. Whether you wish to retire early, or just retire someday, this is an interview for you.

Plus, attorney Leslie Tayne will help us answer the Haven Life line call for help from Vince, who is worried that his mother is going to be on the hook for some loans she's co-signed. How does she remove herself if the main signer is nowhere to be found?

In our headlines segment, we'll discuss 401(k) jargon. What terms do you must struggle with? We'll also share some advice for the upcoming Valentine's day holiday.

And don't worry... we'll still have time for Doug's trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to OnDeck for sponsoring the show. For a free consultation with one of their US-based loan specialists, go to OnDeck.com/SB.

Feb 11, 2019
5 Reasons People Never Have Enough Money (with an intro to U-Nest)
01:12:44

Ever ask yourself why you never seem to have enough money? Maybe the answer is that you need to make more at work, or maybe you just eat out a little bit too much during the week? On today's roundtable, we're joined by Marcus Garrett of the Paychecks and Balances podcast, Len Penzo (from LenPenzo.com) and our very own OG. We're tackling 7 questions that, if you're honest with yourself, will give you the answers to why you never seem to have enough money.

Halfway through the roundtable, we'll take a break for the FinTech segment. Joe talks to Ksenia Yudina, founder of college savings platform U-Nest. Ksenia is a mom of three and wanted an easier way to save for college... so she went out and created one.

We're also fielding a MagnifyMoney.com question from Matthew and his fiancée. They're thinking about getting into real estate but aren't big on the idea of getting back into debt. Should they keep their focus on investing in the market, or take the plunge?

And of course, we'll still have time for Doug's trivia.

Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com.

Thanks to Away for supporting Stacking Benjamins. Go to AwayTravel.com/sb and use the promo code sb to get $20 off a suitcase!

Feb 08, 2019
Slashing Expenses To Save More Money (with Grant Sabatier)
01:24:44

If you're hoping for financial freedom, Grant Sabatier is maybe the perfect man to hear speak. At one point he was down to less than ten dollars in his accounts, and within a short time went from broke to a millionaire. How did he do it? He'll share his story (which includes how he made money), but also share how to drastically cut your expenses so that you can build your own fortune.

In our headline segment, we'll talk to JJ Kinahan about financial independence. TD Ameritrade recently commissioned a study about the Financial Independence Retire Early movement. It turns out that many people chasing financial freedom have different ideas about "FIRE" than you may have heard in the past.

We're also throwing out the Haven Life Line to Kody, who doesn't fully trust in the public service loan forgiveness program. He's going to be investing money into a taxable account so he'll be able to pay off the loan if needed. What do we think of him investing the amount instead of sticking it into a savings account? Plus, we'll be throwing out a letter to

And don't worry... we'll still take some time for Doug's trivia.

Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for your free box of Omax3 Ultra-Pure with your first purchase.

Thanks Audible!  Get Power Moves by Adam Grant for free when you sign up for a free Audible trial at Audible.com/sbpower or text sbpower to 500 500.

 

 
 

 

 
Feb 06, 2019
Dumb Things Smart People Do With Money (with Jill Schlesinger)
01:16:53

THE Jill Schlesinger returns to the basement to talk about three horrible investments people buy: gold, reverse mortgages, and hedge funds. We'll also discuss annuities, permanent life insurance, and other frequent offenders. If you're using any of these products, don't panic! These can all be used successfully in your plan, and Jill will talk about the horrible ways people are tricked into using these products so that you don't make the same mistakes.

Then, in our headlines, we'll cover a piece about industry "sheriff" FINRA cracking down on companies offering expensive 529 plans. Companies will have until April to report themselves and avoid potentially big fines. We'll break down the big picture and what it means to you before we field a call from Trim CEO Thomas Smyth. Mastercard is unrolling a new plan to add consumer protections against those tricky "free" trials that we've all fallen pray to at one point or another. We'll dive in with Thomas to figure out what's all going on with the world of subscriptions and hidden fees.

We're also throwing out the Haven Life Line to Xandra, who's fully invested in the total stock market index fund. With her 401k, HSA, and IRA taken care of, should she be branching out into emerging markets and small cap growth funds to diversify? We'll field a letter from Huy, who's being doing well with their 401k, but wants to open a Roth IRA. So... what exactly is an IRA? How do you open one? We'll break it down for Huy during out letters segment.

And don't worry... we'll still have time for Doug's trivia.

Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for your free box of Omax3 Ultra-Pure with your first purchase.

Thanks to Away for supporting Stacking Benjamins. Go to AwayTravel.com/sb and use the promo code sb to get $20 off a suitcase!

Feb 04, 2019
Developing Your Big Game Plan For Your Money (plus an intro to Vimvest)
01:17:40

This is the weekend we'll nearly all see (whether we're a fan of sports or not) people at the "top of their game" showing off their ability to excel at their craft. Here's our question: how do you excel with your money? That's why today we're discussing how YOU can maximize you financial Big Game with some good thought-out planning. Plus, we're not bringing you just one special guest today... but TWO. Joining us is Jace Mattinson and Clark Sheffield from the Millionaires Unveiled podcast. And we're keeping the party going with two contributors you know and love: Paula Pant from AffordAnything.com, and Len Penzo from LenPenzo.com.

Halfway through the roundtable, we'll take a little break for our Friday Fintech segment. Joe's having a discussion with Justin Bailey, co-founder of saving and investing platform VimVest. Have plenty of savings goals but not exactly sure how to prioritize? You'll want to listen in to this interview.

We'll also answer a MagnifyMoney.com question from Rob, who is a high school teacher. What's some great financial knowledge Rob should be gifting to his students before they graduate?

And of course, we'll still have time for Doug's trivia.

Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com.

 

 
 
 

 

 

 
Feb 01, 2019
Why Are We Bad With Money? (with Gaby Dunn)
01:09:27

Are you horrible with money? Turns out you're not alone (big surprise)! While most of us have been bad with money at some point in our lives, we don't usually write a book about it. Today we're joined by Gaby Dunn, who today will dive into her early years, and the money scripts she learned from school, parents, and friends. It's a quick look into her new book :Bad With Money.

Plus, during our headlines segment, a Barron's piece proves again just how many people don't understand the FIRE movement. And in our second headline, investors are looking for "safer" investments as the economy continues to fluctuate. It's a sad reality that no matter how much we talk about not sabotaging your financial plan, people seem to consistently find a way to shoot themselves in the foot with their financial behavior.

Later in the show, we'll throw out the Haven Life Line to Kathy, who is looking to retire in the next decade. She should be shifting more of her portfolio over to bonds? What's the right balance between bonds and equities as one gets closer to retirement? We'll also take time to answer a letter from Braden, who's fresh out of college and has his first full-time job. What are some resources he can use to start investing?

And don't worry... we'll still have time for Doug's trivia.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

 
Jan 30, 2019
What's Our Favorite (and least favorite) Tax Software Packages?
01:09:45

On today's show we're taking your letters, but first, we're talking to Hannah Rounds, our favorite tax software reviewer, who gives us the lowdown on the good, bad and ugly of tax software. She'll tell us which brands to avoid, which are her favorites, and which packages are surprising. Whether you're willing to pay for your tax support or are looking for the best software package for free, we'll dive into all of the brands to help make your filing season easier.

We're happy that the government shutdown is over for now, but what if it happens again in three weeks? We'll talk to Lacey Langford from the Mil Money Movement podcast about the fallout from the shutdown. If people are trying to duct tape together their financial picture until the receive their first paycheck after the shutdown, what do they do? We'll discuss resources, advice, what NOT to do, and more.

Later on, we'll throw out the Haven Life Line to Pete, who wants to know if he should invest some of his extra cash into a short-term bond fund. He has a large cash reserve, and with interest rates being very low on savings accounts, he wonders whether it'd be worth the time to spike up the interest rate possibilities a little.

And don't worry... we'll still take some time for Doug's trivia.

Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Jan 28, 2019
Why Some People Will Always Be Poor (with tax prep tips from The Bookkeeping Artist)
01:04:55

What does it really mean to be poor? We're not talking about poverty...that's a whole different issue, when compared to one article we're discussing today, which covers the difference between people who are "poor" but own lots of stuff and people who are "rich" and own very little. What do we mean? We'll dive in to this topic today with our roundtable group of bloggers and podcasters, including Cody Berman, co-host of the FI Show; Len Penzo of LenPenzo.com; and from our own Stacking Benjamins podcast, OG. Plus, we'll take a call from Tyler, who has some stock market questions about 2019. Can the Magic 8 Ball possibly help him with his issue? And, if that isn't enough, we'll also answer a question from the mailbag!

Halfway through the show we'll take a break and talk tax prep with Katherine Pomerantz of The Bookkeeping Artist. Katherine brings some great information on how to get your books organized for this year's tax season, and some advice that'll hopefully keep a bit of your hair on your head through April's filing season. ...and of course, we'll still have time for Doug's trivia.

Thanks to OnDeck for sponsoring the show. For a free consultation with one of their US-based loan specialists, go to OnDeck.com/SB.

Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.

Jan 25, 2019
Join the Seven Figure Club With Tools You Already Possess (with Chris Hogan)
59:36

With all of the news dominated lately by the government shutdown and Washington politics, it's easy to focus on things outside of your control. But if you're going to become a millionaire, it's time today to refocus your energy on YOU and what you need to do personally to find your way toward financial success. The perfect person to talk to about personal responsibility comes down to the basement today, Chris Hogan. We'll dispel some of the myths around who's a millionaire and help you set up your plan of attack to join the ranks yourself....sooner rather than later.

In today's headlines: will the government shutdown impact this year's tax return season? Even with a partial recall of IRS employees, there's still plenty of potential issues if the agency doesn't return to full strength. We'll discuss one piece today that takes a look at all the possible problems for individuals and businesses alike.

Plus, we'll be throwing out the Haven Life Line to Matt, who is recently married. What are some resources available for newlyweds going through their first tax season? After that we'll take some time to answer a letter from Jon, who wonders if his wife should ditch her whole life policy for term life insurance, and invest the difference in a Roth.

And don't worry... we'll still have time for Doug's trivia.

Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.

Thanks to OnDeck for sponsoring the show. For a free consultation with one of their US-based loan specialists, go to OnDeck.com/SB.

Jan 23, 2019
Is Too Much Debt Hampering Your Saving Discussions? (Your Letters)
58:16

We're dedicating this episode to a very special guest: YOU. Our mailbag is overflowing, so today we realized it was time to devote a whole episode to answering your burning questions. Scott has cash left over after he pays bills and maxes out his regularly scheduled savings contributions... should he open up a Roth IRA? How should Laura prioritize her savings goals: pay down debt, add to retirement accounts, or build her emergency funds? Tyler has been recruited by his local Edward Jones agent. Should he begin his career with them?

In our headlines segment, one recent piece asks the question, "Is your debt the driving factor behind your savings discussions?" We'll tackle why that's an issue, and how it can harm your long term plans. In our second headline we'll look at some changes coming this year to health savings accounts (HSAs).

Later on, we'll throw out the Haven Life Line to John, who wants to know how to invest his lump sum. Should he dollar cost average over the next year or dump his stash of money into his account at one time?

And don't worry... we'll still take some time for Doug's trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Jan 21, 2019
Our Favorite Ways To Distract Ourselves From Spending (plus an intro to AHP Financing)
01:10:37

How do you put the brakes on spending so much money? ....... Our special guest today is Ashley Feinstein Gerstley, author of The Thirty Day Money Cleanse, and she's an expert in cleaning up your budget. We'll talk with her and our team about a recent Budgets Are Sexy blog post in which blogger J. Money lays out how he avoids spending money. What games do you play with yourself to distract yourself from spending money. Plus, two contributors you know and love, Len Penzo from the LenPenzo.com blog, and from Afford Anything, Paula Pant.

Halfway through the roundtable we'll take a break for our Friday Fintech segment and talk to DeAnn O'Donovan from AHP Servicing. AHP Servicing is a company that's setting out to help people who are struggling with their mortgages find ways to stay in their homes.

We'll also answer a MagnifyMoney.com question from Paul, who has the opportunity to buy shares of a new company. He's sure the price is going to jump up. Should he use he cash he has on hand to buy shares, or take out a loan to get even more shares?

And of course, we'll still have time for Doug's trivia.

Thanks to Masterworks for supporting Stacking Benjamins. Visit Masterworks.io and reserve your shares now. See disclaimer at Masterworks.io/disclaimer.

Jan 18, 2019
Challenging Yourself To Spend NO Money (with Jen Smith)
01:12:50

Could you go a few days without spending any money? A few weeks? How about a few months? Starving your wallet might be simpler than you've previously thought. Jen Smith, co-host of the Frugal Friends podcast, joins us today to talk about gifting yourself a "No Spend Challenge." How does it work? We'll cover her story of spending little to no money to cure her debt issues, and then how she refined the concept to create a plan worthy of talking about on our show and elsewhere!

And in our headlines segment of the podcast, some great news! Long term care benefits have been added to the new crop of Medicare Advantage plans. We'll invite Danielle Kunkle Roberts from Boomer Benefits over so we can all learn more. Plus, we'll take a look at recent changes in the annuity industry. Annuity providers are making a combined effort to bring the industry into the 21st century to speed up the exchange process from months to a week. What does that mean for you? We'll dive in more during our headlines segment.

Later on, we'll throw out the Haven Life Line to Sean, who's a minority stakeholder in a corporation. The majority stakeholder wants to buy him out... what questions should Sean be asking?

And don't worry... we'll still have time for Doug's trivia.

Thanks to Omax Health for supporting Stacking Benjamins. Visit TryOmax.com/sb for your free box of Omax3 Ultra-Pure with your first purchase.

Jan 16, 2019
How One Family Paid Off a $330k Mortgage in 5 Years
01:26:04

Ever wonder how someone decides to aggressively attack a goal, like paying down your mortgage? Talaat McNeely and his spouse Tai decided to think HUGE thoughts when they set out to pay off their house in five years. They didn't know how they'd do it, but they set out anyway and took action, and ultimately accomplished their goal. Today Talaat will tell their family's fantastic story from start to finish. He'll share what they did well and also how they could have maybe paid the house off even faster. He'll share their feelings and emotions along the way that sometimes came near sabotaging their goal...and at other times that helped spur them on to victory.

Plus, in our headlines segment, we'll detail a great list of questions you should ask a financial advisor. Do you have questions ready when you go in to see an advisor? We'll share some of our favorites before jumping over to our second headline: one California man learns ten million reasons why you shouldn't tell your roommates about hitting the jackpot... see where this is going? Yeah, it's a cautionary tale. 

Later on we'll throw out the Haven Life Line to Colin, who wants to know our thoughts on target date funds. He's been dollar-cost averaging into a Vanguard target date retirement fund for the past 10 years. Should Colin change his investment strategy? What are out thoughts? We'll also get through TWO letters today. First, Shaun is a financial advisor and wants to know what type of data he should be presenting his clients. Next, will take on a letter from Christy, who writes in to address our answer to a letter asking about individual life insurance.

And don't worry... we'll still take some time for Doug's trivia.

Thanks to Masterworks for supporting Stacking Benjamins. Visit Masterworks.io and reserve your shares now. See disclaimer at Masterworks.io/disclaimer.

Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for you free box of Omax3 Ultra-Pure.

Jan 14, 2019
Your Smartest 2019 Money Moves (plus an intro to Gradifi)
01:05:40

What money moves are you planning for 2019? From creating an emergency fund and increasing your 401k contributions, to downsizing and starting a side hustle, there are plenty of smart financial steps you can take to make this year your best one yet. Joining our roundtable discussion about your best money moves today, we welcome Paula Pant from Afford Anything and OG from our very own podcast.

Halfway through the roundtable we'll take a break for our Friday Fintech segment and talk to David Chang from Gradifi. Gradifi is setting out to give employers an easy system to help employees pay down student loans and fund 529 plans.

We'll also answer a MagnifyMoney.com question from Zach, who's interested in the FIRE movement. Should he be following the advice of the FIRE movement and forgo his Roth account in favor of using a traditional?

And of course, we'll still have time for Doug's trivia.

Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.

Jan 11, 2019
Wash Away Your Debts (with Nick Clements)
01:02:51

Did you spend too during the holiday season? Studies showed that many of us WAY overspent this year, to the tune of over $1,200 more spending than we could truly afford. Add that to the huge amount of debt people are already carrying, and this year's problem can easily become next year's problem.  To help you wash away your debt problems, today we're talking to Nick Clements on the psychology behind debt management, and the many different ways you can get your year started on the right foot in our annual holiday debt cleanse episode.

Plus, if you're looking to make some extra money on the side to pay down your holiday bills, we've got you covered. We're calling our old friend Harry Campbell, founder of The Rideshare Guy blog and podcast. He'll share lots of ways to help you quickly raise hundreds (and maybe thousands) of dollars. Later on we'll throw out the Haven Life Line to Bryan, who took out a 401k loan to buy a rental property. Bryan has extra cash coming in and could pay off the loan pretty quickly. Should he do it? What would be the downsides of choosing to make minimum payments?

And don't worry... we'll still have time for Doug's trivia.

Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.

Thanks to Slack for supporting Stacking Benjamins.  Slack: Where work happens. Go to slack.com to learn more.

Jan 09, 2019
How To Nail Your Retirement Investment Strategy (with Larry Swedroe)
01:20:27

In this tumultuous market, how certain are you about your investment strategy? Larry Swedroe joins us today to talk retirement planning, but especially to talk about weathering the storm of risk and uncertainty in this market. We'll talk about what's normal for the market, why so many people fail, how an all-stock portfolio might or might not work for you, and more. 

Plus, in our headlines segment, lots of people moved their money to treasures to start 2019. Could this foreshadow upcoming negative market conditions this year? We'll share our feelings on today's podcast. Plus, one major publication piece shares how much money you should have in stocks at every age. Is this good advice, or could it be guiding people down the wrong path? We'll talk about appropriate investment advice for people who are far from retirement, middle aged, and nearing or in their retirement years. 

Later on we'll throw out the Haven Life Line to Joseph and his wife. They're looking to get a home loan but don't really like their options. Could raising their credit score open up better choices for them? We're also answering a letter from Matt, who wants to know more about his 401k options: Roth, traditional, and after-tax. He's also using part of his 401k at a quasi-emergency fund. Is he setting himself up for failure?

And don't worry... we'll still take some time for Doug's trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to Slack for supporting Stacking Benjamins.  Slack: Where work happens. Go to slack.com to learn more.

Jan 07, 2019
What Does Our Magic 8 Ball Predict For 2019? (plus an intro to Kin)
01:25:29

What's on tap for 2019? We don't know what you have planned personally, but we CAN tell you what our Magic 8 Ball says is going to happen. We'll ask it all the important questions, like, "What will the stock market do in 2019?" and "Will the price of oil be higher next year than now?" plus heavy hitters like, "Will Harry and Meghan have a boy?"...important stuff like that. But that's not all. We'll also share how the 8 Ball fared last year. Did it predict the future? 

In our Friday FinTech segment we'll talk to Sean Harper, CEO of Kin, an innovative company disrupting, of all things, homeowners insurance. We'll talk about some of the ideas that they're using to make homeowners insurance easier and more consumer friendly.

We'll also take some time to answer our Magnify Money hotline. Laura has had to retire earlier than expected due to medical reasons. She wants to start a home business to create a new income stream started. Should she use some of her emergency savings, or maybe tap her IRA? And of course, we'll still have time for Doug's trivia.

Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Jan 04, 2019
You Can Be a Badass in 2019 (with Jen Sincero)
01:07:16

What do you want from 2019? How about becoming a badass? Our guest today says you're already a badass and just might not know it. Jen Sincero has written TWO New York Times bestsellers, but today she's here with us teaching you how to kick off a new year by bringing out the best in yourself and your wallet.

Plus, in our headlines segment, why should employers be worried about employee financial stress? We'll tackle one article on the impact that financial stress has on employees while they're at the workplace. Plus, in our second headline, can advisors use behavioral science to guide their clients to making better financial choices?

Later on we'll throw out the Haven Life Line to Mike, who calls in to see what he can do to help his mom manage her portfolio.

And don't worry... we'll still have time for Doug's trivia.

Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

Jan 02, 2019
What Did 2018 Teach Us About Money? (with Jill Schlesinger)
01:16:32

2018 was quite a year....maybe the opposite of March (in like a Lion/out like a lamb)....and began fairly gently and definitely is finishing with a roar. What should we have learned, if we turn the events of this year into timeless lessons? What could we have learned from this year's volatility? What about the Federal Reserve raising interest rates? What about the strong employment numbers? What does that tell us (among other things) about our wallet? We're excited to finish the year off strong with our special guest, CBS business analyst Jill Schlesinger (also the host of Jill on Money). We'll have a discussion with Jill on her top 5 lessons learned from the past year.

Plus, in our headlines segment, we'll talk to Haven Life CEO, Yaron Ben-Zvi, about the future of health data and life insurance. With more and more companies offering discounts for a little bit of your data, Yaron will share his thoughts on the tradeoffs between privacy and saving some extra cash. Will this ever come to life insurance? Plus, we'll tackle a  story about bonds and surging bankruptcies in China. It's a good bonds 101 lesson for most of us...

Later on we'll throw out the Haven Life Line to Brody, who calls in looking for advice on the next five years of paying down debt and building up his savings.

And don't worry... we'll still take some time for Doug's trivia.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Dec 31, 2018
Last Year's Look Into The Magic 8 Ball (SB RWD 86)
01:06:20

In anticipation of our annual magic 8 ball episode next Friday, we're taking a look back at last year's magic 8 ball episode. For those of you new to the show, each year roundtable regular Len Penzo brings down his magic 8 ball and we ask it wide-ranging questions for the next year. What were the predications? How did the 8 ball do this year? It's time to get all caught up in preparation for our debrief next week (along with a whole new set of questions for 2019).

This episode also featured a Blooom call for help from Erin, who has some 529 plan questions, a letter from the mailbag about what to do with extra cash, and of course... Doug's trivia. 

The original show notes can be found here.

This episode originally aired January 5th,2018. Enjoy!

Dec 28, 2018
Abigail Adams was a financial badass (SB RWD 85)
01:01:32

Today's rewind episode features one of our favorite interviews with a fantastic guest: Dr. Woody Holton, author of the book "Abigail Adams", for which he won the Bambridge Award and more. In a time when women weren't expected, or even necessarily allowed, to be in charge of their finances, Abigail Adams took charge of her money and made sure she would be financially independent. 

Plus, Joe talked to Jamie Wise of the Buzz Index, we took a Haven Life Line call for help, answered a listener letter, and still had time for Doug's trivia. 

The original show notes can be found here.

This episode originally aired March 2,2018. Enjoy!

 

Dec 26, 2018
Ric Edelman Helps Us Rescue Your Money (SB RWD 84)
01:00:52

With all the news going around about the markets, we thought it would be fitting to kick off our rewind week by sharing our time with Ric Edelman. Ric, Chairman and Founder of Edelman Financial Services, bestselling author, and host of the hit “Ric Edelman Radio Show” joined our show to give us some advice on some "best practices" to follow in a choppy market. 

This episode originally released on November 2016. You can find the original show notes HERE. Enjoy!

 

Dec 24, 2018
The OTHER Way To Solve Your Money Problems (plus an update on Debitize)
56:22

There's nothing wrong with selling some of your clutter to help pay down your debt, but, as today's piece from Val Breit from TheCommonCentsClub (in a piece appearing on Rockstar Finance), there are plenty of other things you could be doing to help solve your financial troubles. Discussing this piece with us today is Paula Pant (from Afford Anything), Len Penzo (LenPenzo.com), and from our very own podcast, OG.

Halfway through the roundtable we'll take a break for our Friday Fintech segment. Do you wish you paid off your credit cards every month? Worried that you could go overboard? Joe will check in with Liran Amrany, CEO of Debitize, on how you can keep all of the perks of using a credit card without all the danger.

We're also answering a question from Tom, who's looking to diversify his income stream. He's interested in real estate, but also worried about a housing crash. Are there any specific real estate options that would mitigate the negative impacts of a crash?

And of course, we'll still have time for Doug's trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Check out Safe For Work, a new podcast from Wondery, wherever you listen to this show!

Dec 21, 2018
Real Estate Investing Basics (with BiggerPockets)
01:08:06

Thinking about getting into real estate? We're bringing down two fantastic guests who are excited to deliver what you need to know about investing in real estate: from the BiggerPockets real estate community and podcast, we're talking to Josh Dorkin and Brandon Turner.

And in our headlines segment, another advisor is going fee only... but probably not for the reasons you think. Plus, we'll throw our the Haven Life Line to Nick, who wants to know more about what an "inverted yield curve." Should Nick be worried? And in our letters segment, Erika missed out on really investing in her 20's while she was getting her P.hD. and doing her post-doc studies. She's making money now and is looking into getting a house in the next few years. Can we give her some help on finding a good advisor for her situation?

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks also to the Safe For Work podcast for supporting SB. Find Safe For Work wherever you're listening to this show!

Dec 19, 2018
Creating Your Debt Free Blueprint (with Laura Adams, aka Money Girl)
01:16:16

Are you having trouble climbing out of debt? Or maybe you're tired of daily calls from debt collectors? Whether you have serious debt or just need to refresh your plan, today we're kickstarting your 2019 journey to financial independence with the host of the Money Girl podcast, Laura Adams. Plus, speaking of 2019, what does the next year have in store for the world of credit? We're talking to Senior Vice President of Research and Consulting at Transunion, Matthew Komos, during our headlines segment.

And later on we'll throw out the Haven Life Line to Alex, who wants to know if he should pull some cash out of his account and reinvest when the market drops. He's also finishing his residency to become a physician, and his tax liability is virtually zero. What should he do with his accounts right now?

And don't worry... we'll still take some time for Doug's trivia.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Dec 17, 2018
Should I Become a Holiday Minimalist? (plus an intro to Royalty Exchange)
01:09:37

Tired of all the running around shopping and working and cooking and planning...all to try and make the perfect holiday? What if you ditched all that and instead just focused on the people around you? Would that make it better? We'll talk about not just frugaling your holiday season, but minimizing it. Here to help us do that, today we welcome special guest Naseema McElroy from the Financially Intentional blog. She'll talk strategies and stories with Len (Len Penzo dot com) and OG. We'll talk about how THEY celebrate now, how they WISHED they'd celebrated holidays, and then talk about ways to change to make things go more smoothly and enjoyably for everyone.

Plus, we're excited to talk today to Antony Bruno from Royalty Exchange about investing in music royalties. Are you a music fan? Is it a good idea to combine your love of songs with your investments...or even if you're not a music fan, is it worth pursuing? We'll talk about how it all works on today's Friday FinTech segment.

Finally, we'll answer a listener call for help AND save some room for Doug's amazing trivia.

Thanks to MagnifyMoney for supporting Stacking Benjamins. Still using JUST your brick-and-mortar bank? Why not shop for the best financial tools available. Head to StackingBenjamins.com/MagnifyMoney to compare, ditch, switch and best of all...save.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Dec 14, 2018
Advice We Wish We'd Been Handed At Age 22 (Your Letters)
59:05

What do you wish someone had told you when you were 22 years old? How much would it have changed your trajectory? Would you have even listened to the advice? Today we're not just doling out idea to help your financial future....the guys are answering your specific financial questions. We'll also tackle questions about converting an IRA to a Roth IRA (how do you do it?), about why we always use 7-10% as our assumption over long periods when talking about the stock market, and how to know if you're ahead or behind on achieving your financial plan.

Plus in our headlines segment, with all of the stock market gyrations lately, what's the right thing to do with your money? While many publications like to talk about all the ways people can panic, one seems to be the voice of reason....we'll share which one and details on HOW they suggest coping with stock market uneasiness on today's podcast.

Later we'll throw out the Haven Life Line to Ramon. He's hoping to find solutions for his joint budget with his spouse. How does he rectify expenses that are withheld from his paycheck before he receives his money? What if he and his spouse have different amounts taken out? We'll answer all of Ramon's budgeting problems and discuss budgets in general.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Dec 12, 2018
Budgeting 101 (and maybe some 201) with Michele Cagan
01:06:29

If you're like most people during the big holiday season, it's not really a question of IF you go over your budget, but WHEN--and how badly. With another "can't miss" deal around every corner who can keep themselves from doing a little splurging when shopping this month? Believe it or not, studies show that we plan for all of those expenses....it's the fact that the muffler sometimes drag behinds the car or another emergency expense happens which sends the budget into a tailspin and your credit card debt soaring. To solve that problem, today we'll talk to Michele Cagan, author of Budgeting 101. You'll be happy to hear that Michele doesn't think you need to track every penny. There's a better (and easier) way to make sure you get ahead without devoting your whole life to spreadsheets and money tracking programs.

Then, in our headlines segment...what would you do if you found a $7.5 million stash of someone else's cash? One lucky guy bought a storage unit on the cheap and found a life-changing amount of money hiding inside. Would you invest it, or maybe dash out of the basement and jump on the first plane to Tahiti? We all have our ideas... but this story probably isn't going to turn out how you're expecting. We'll share the rest of what happened during our headlines segment.

In our second headline, Sallie Mae has a new study detailing how people pay for college. Taking a pit stop in the basement to help us make sense of how people save for college, pay for it, and then pay off loans, we'll talk to Rick Castellano from Sallie Mae.

Of course, that's not all. We'll throw out the Haven Life line to Nick, who's been having some issues with his budget. What can Nick do to cut costs on his operation?

And don't worry... we'll still take some time for Doug's trivia.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Dec 10, 2018
Surviving The Fog of Life and Money (with an intro to Digs)
01:06:08

How can you really follow a financial plan when absolutely nobody knows what's going to happen to the economy or in their life in a couple of years? What happens to your financial plan if you lose your job or have a medical emergency that wipes out your savings? Helping us understand how to manage money and finances during the fog of life is a writer you know from the F*ck Off Fund, AND who you've read in the New York Times, Elle, Slate (and more)... Paulette Perhach. She'll be joined by Paula Pant from Afford Anything, and OG from "this here" podcast.

Halfway through today's show our panel will be taking a little break while Joe talks to the founders of Digs.  Saving up enough cash to buy your first home can be a long, difficult process. But... what if you had a 401k that you could save into for the big purchase? The guys from Digs are breaking down just how they're setting out to help people like you and me on today's FinTech segment.

Finally, we'll maybe do our best job of answering a letter this year, when we help Aaron, who needs to know on how to get couples on the same note. Of course, we'll still save some room for Doug's amazing trivia.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Dec 07, 2018
Becoming the NEXT Millionaire Next Door (with Dr. Sarah Stanley Fallaw)
58:46

How will YOU become the next millionaire next door? Believe it or not, it's been 23 years since The Millionaire Next Door shook the foundation of what people thought about wealth. You mean LOTS of people built their wealth in other ways than inheriting a bunch of money or working in huge income jobs? ...and that just because you LOOK wealthy doesn't mean you ARE wealthy? Today we talk to Dr. Sarah Fallaw (researcher and also the daughter of Thomas Stanley, author of the Millionaire Next Door) about how YOU can set yourself up to join this elite group. We'll discuss your friends, where you live, financial advisors, and more.

Plus in our headlines segment, the results of a new survey are out about investor expectations, and they aren't good. Many investors have...maybe unrealistic ideas about their investment strategies. We'll explain on the show. Plus, one company has created a new credit card that will help you save into your 401(k) plan every time you save. Too good to be true? We'll answer that question on the show.

Then we'll throw out the Haven Life Line to Jon, who wants us to shed some light on the difference between a Roth 401k and an after tax basis employee savings and stock ownership plan.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

 

Dec 05, 2018
People Who Don't Like The FIRE Movement Don't Understand It (with David Bach)

Recently there have been LOTS of headlines about FIRE. Good? Bad? Ugly? We invited David Bach down to the basement to ostensibly ask him about the 20th anniversary edition of his Smart Women Finish Rich book. While we cover that in detail, we also asked him about HIS thoughts on the FIRE movement....and let's just say that he was more than happy to share.

In our headlines segment it's time for tax loss harvesting and year end tax planning. What should you do? An Investment News piece details a few strategies and we'll talk about our favorites (and maybe not-so-favorites) on today's podcast

Of course, that's not all. We'll throw out the Haven Life line to listener Rachel, who has some BIG life decisions to make. Should she stay in her townhouse or pursue her dream of moving to the mountains, even if it means a much longer commute to work, new debt, and probably some unforeseen consequences.

And don't worry... we'll still take some time for Doug's trivia.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Dec 03, 2018
People Who Don't Like The FIRE Movement Don't Understand It (with David Bach)
01:08:07

Recently there have been LOTS of headlines about FIRE. Good? Bad? Ugly? We invited David Bach down to the basement to ostensibly ask him about the 20th anniversary edition of his Smart Women Finish Rich book. While we cover that in detail, we also asked him about HIS thoughts on the FIRE movement....and let's just say that he was more than happy to share.

In our headlines segment it's time for tax loss harvesting and year end tax planning. What should you do? An Investment News piece details a few strategies and we'll talk about our favorites (and maybe not-so-favorites) on today's podcast

Of course, that's not all. We'll throw out the Haven Life line to listener Rachel, who has some BIG life decisions to make. Should she stay in her townhouse or pursue her dream of moving to the mountains, even if it means a much longer commute to work, new debt, and probably some unforeseen consequences.

And don't worry... we'll still take some time for Doug's trivia.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Dec 03, 2018
How To Crush Holiday Networking Events (plus an intro to Blendtique)
01:13:20

If you're like me, holiday parties are a mix of sheer terror, the threat of being stuck in a corner in the world's second most boring conversation, and hoping that you don't accidentally stick your foot in your mouth. So, to help us all not only navigate the holiday party scene but to crush it, we're asking all of our party conversation strategy questions to Vanessa Van Edwards, author of Captivate: The Science of Succeeding with People. Whether you're usually the "life of the party," or you're an introvert who's anxious just THINKING about an office party, Vanessa has simple, effective strategies that will change the way you think about office parties.

Plus, instead of hosting a party where guests stand with glasses and talk, how about a better solution that'll make you the talk of your circle of friends for the next year?  Today we're talking to the founder of Blendtique, Billy Dimm. Whether or not you saw Bill on Shark Tank, we think you'll love this idea of a wine-blending party. You and your friends enjoy an evening of laughing, chatting, and creating your own perfect vino blend.

After we talk to Billy we'll take some time to not only answer Doug's trivia, but also answer a question from Mike about credit card payment discrepancies. Mike's "pay in full" payment option left a $111 balance on his account. The bank then charged Mike interest, which he got reversed. What's the deal, is the bank being misleading?

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Nov 30, 2018
Stop Being Your Own Investing Worst Enemy (with Dr. Daniel Crosby)
59:29

Ever think that you need to take decisive action to bring your investments under control? Ever wonder exactly what moves you should make the next time the market moves up or down? We've got you covered, because Dr. Daniel Crosby joins us to talk about how to avoid getting in your own way with your investments. We'll discuss exactly why decisive moves might not work, why your brain is horrible at investment decisions, and more. As always when we talk to Dr. Crosby, it's a fun, fast paced, and (shocker) educational interview.

Plus in our headlines segment, if you're an army reservist trying to get into the financial industry, we'll look at one company, LPL Financial, who's teaming up with the Army Reserve to give military members an opportunity to become financial advisors. Then, in our second headline, what's in store for the future of HSAs? We're taking a look at MorningStar's newly released report on the Health Savings Account landscape.

Then we'll throw out the Haven Life Line to Chuck. Can Chuck take out a Roth IRA loan if the rental home is in the Roth IRA? After we give some advice to Chuck, we'll still have time to answer a letter from Brooke. With a yearly raise of $1200, should Brooke put that money to their debt, which will be paid off in 18 months, or take advantage of their employer match?

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

 

Nov 28, 2018
Conquering Fear To Reach Bigger Goals (with Akshay Nanavati)
01:11:32

If anyone knows about fighting fear, it's Akshay Nanavati. While fighting overseas with the Marines, Akshay lost people close to him and subsequently suffered PTSD. He'll share his story of overcoming his own paralyzing fear, fighting demons, and achieving some HUGE goals on today's show. Whether you're afraid of asking for a raise, of starting a workout program to feel better (and earn more money), or to get started saving, investing, or paying down debt, there's something for everyone on today's show.

In our headlines segment we'll talk about HSA myths. What do you believe about HSAs that might not actually be true. Or, as HSAs become more prevalent, what do you need to know about them. Even if you're already well versed on HSAs, you'll find something new on today's show (even WE found a myth that we didn't know!).

In our second headline, we'll talk to Beverly Harzog from US News and World report about the new ultra FICO scoring system. Who will this help? How do you ask to have your credit re-scored? What credit basics should you know? We'll talk to Beverly about all of the above on today's podcast!

Of course, that's not all. We'll throw out the Haven Life line to listener Rachel, who has some BIG life decisions to make. Should she stay in her townhouse or pursue her dream of moving to the mountains, even if it means a much longer commute to work, new debt, and probably some unforeseen consequences.

And don't worry... we'll still take some time for Doug's trivia.

Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker.

Nov 26, 2018
Learning about Money, Economics and Business with Board Games
01:06:13

While everyone else is standing in Black Friday lines hoping for the best deals, we're kicking back in the basement enjoying some board games. Eric Summerer from The Dice Tower joins us to talk about his favorite games about money, economics, and business. And then, as an added bonus, he'll stick around and share four ideas for frugal holiday gaming fun. Want to spend some time with your family laughing and enjoying your time together? Take these recommendations from the co-host of the biggest board game podcast on earth.

And halfway through the show we'll focus specifically on one brand new game that was made to teach basic financial concepts and money management. Australian based Life Sherpa Vince Scully joins us to talk about his new board game, also called Life Sherpa. Exploring how money and happiness interrelate, and how different personalities want to make different decisions throughout life, Life Sherpa has a fun, lightweight design to show how you can turn your money and time into value and happiness.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Nov 23, 2018
What's Hot In Tech and Light On Your Wallet This Black Friday?
01:08:25

Every year early adopters worry about one thing....technology. What's the hottest new thing? What's the flop that we should avoid? How expensive is the latest do-dad going to cost? Should I buy last year's do-dad to save some cash? We're super excited because joining us to talk all things technology on our special pre-Black Friday show, we welcome CNET Senior Editor Bridget Carey.  

Plus in our headlines segment, social media is changing how millennials invest. Is that good or bad? Plus, in our second headline we'll ask Jonathan Walker from NewMiddleClass.Org about some of the amazing statistics his group aggregates about the holiday shopping season. How does he think YOU are going to overspend this holiday season? (It isn't how YOU think you'll overspend...which is why you'll want to listen).

Then we'll throw out the Haven Life Line to Evan. He and his wife have a baby on the way. Would it be the smart money move to use savings to pay off their car, or should Evan hold on to the money and use it as needed when expenses arise? We'll also field a letter from Steve, who just inherited a sum of cash. Steve has no idea how should enter the market... so he asks the guys for some good advice to kickstart his investment portfolio.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to Slack for supporting Stacking Benjamins.  Slack: Where work happens. Go to slack.com to learn more.

Nov 21, 2018
This Year's Biggest Black Friday Deals
01:03:14

Ready, set, SHOP! If you have to shop (and we're fairly certain you're like us and aren't in love with the idea at all), why not make it more fun by saving tons of money? Whether you're looking for clothing, tools, kitchen aids, furniture, or just something quirky, we've got you covered. Today we're talking to Sarah Hollenbeck from BlackFriday.com about the best deals available this holiday season.

In our headlines segment we'll share another great deal that has savers everywhere cheering. The IRS announced recently that they're raising tax limits on all kinds of different retirement plans in 2019. What plans are getting a bump? Should plan to stash away more cash next year? We'll tackle that. Plus, we'll continue our Black Friday/Cyber Monday shopping theme by making sure you don't get caught buying a "deal" that isn't really a deal this holiday spending season. We'll sit down with  consumer savings expert Andrea Woroch about this year's holiday scams and not-so-great deals to watch out for.

Plus, today we're throwing out the Haven Life Line to Jeremy. Jeremy has been looking into Life Insurance Retirement Plans after our interview with David Mcknight, but it's a brand new field for him. Any tips on navigating LIRPs? And during out letters segment, we're answering Michelle's question about HSAs and FSAs. With their employers only offering FSAs, should they be looking elsewhere?

And don't worry... we'll still take some time for Doug's trivia.

Thanks to Slack for supporting Stacking Benjamins.  Slack: Where work happens. Go to slack.com to learn more.

Nov 19, 2018
12 Items You're Wasting Money On (plus an intro to Honeybee)
01:19:40

What items are YOU buying that are a complete waste of money? Today we're throwing out the playbook and all the rules for this very special episode of the Stacking Benjamins show. Joseph Hogue from the Let's Talk Money! YouTube channel joins Paula Pant (Afford Anything) and Len Penzo to walk through 12 things that you're better off NOT owning. While you may not be surprised by the items on our list, you'll probably be glad that you heard a few of them, because today you just might find a few new places to save yourself some cash.

Halfway through the show we'll take a short FinTech Friday segment break to talk to Ennie Lim from HoneyBee. Ever had a money crunch in life, and you weren't sure what you were going to do? Or maybe you own a business and you wish you could do more for your employees to help them manage the inevitable money crunch? We'll find out more about how Honeybee is helping those in their times of need during today's Fintech segment.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Nov 16, 2018
What Should Keith Do With a $50,000 Inheritance? (Your Letters)
01:15:13

We're dedicating today's show to all of your burning financial questions. Will the fact that Anna's parents are opening up a 529 plan for her daughter create unintended financial consequences down the road? What should Keith do with a $50,000 inheritance and no job? What should ANYONE do when they receive $50,000? Jessica is a new investor. What platforms should she be looking into when trying to invest? After our David McKnight interview, Ryan is focusing on more money in his "tax-free" bucket. Does the SB team have any good tips on tax savvy financial moves? Of course we do!

And in our headlines segment, there's BIG news in college scholarship land. It turns out that a couple of schools are reducing their tuition to FREE. Who is it? Should you consider changing your college plan? In our second headline, while owning your home is a great financial position to be in...if you want to get rich one publication insists that you should own somebody else's home. We'll dive into rentals and real estate on today's show. Plus, in our Haven Life Line, Heather wants to know if she can do a backdoor Roth conversion AND make contributions to a spousal IRA.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins!

Thanks to LinkedIn for supporting Stacking Benjamins.  Go to LinkedIn.com/sb and get $50 off toward your first job post.

Nov 14, 2018