The Stacking Benjamins Show

By StackingBenjamins.com

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 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
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
From 2 Incomes To 1: How She Quit Her Job & Couldn’t Be Happier
01:22:03

On today's show we're talking to Chris Peach and Andrea Robinson about big life changes. Think it's too late for you to change your direction? Or maybe you're too apprehensive about jumping into the unknown? Chris and Andrea will break it down on just how Andrea made the jump herself. From making use of your time to start a side-hustle to cutting expenses and making a good budget, there are bite-sized pieces that make the huge life decisions a bit easier to make.

Plus, in today's headlines, would real-time payroll deposits improve the quality of live for workers living paycheck to paycheck? Would not having to wait a couple of weeks for cash really make a difference for employees? Plus, in honor of Veterans Day, we're talking Dr. Mike Haney from the Syracuse Institute for Veterans and Military Families. Veterans and their families can find all the resources Joe and Dr. Haney talk about on the show by clicking HERE.

Later we're throwing out the Haven Life Line to Kathrine, who wants to know if her and her husband should be getting term life insurance outside of their employer. Then, in our letters segment, Joe and OG will answer a question from VJ, who has some worries about the market. He found an article suggesting that the market will be doing a lot worse than people think... should we be getting concerned?

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

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

Nov 12, 2018
Juggling Money, Family and Work (featuring Shannon Cason, Cat Alford, Andy Hill, Tasha Daniel and more!)
01:23:55

How do you find time to make all of the right money moves, have relationships with family or friends, AND keep a career that brings in the Benjamins? We'll talk about that and a TON more on today's podcast, recorded live in Detroit, Michigan, to round out our three-city tour!

As always, we're bringing the party with a cast of special guests from the Detroit area. First, we'll talk to popular blogger and mother of twins Catherine Alford (CatherineAlford.com) and father-of-two, podcaster Andy Hill (Marriage, Kids and Money podcast), about how they juggle multiple priorities. We'll then hear a story about life, family, and a limo from professional storyteller Shannon Cason. We'll talk to  TIAA Difference Maker Inger Griffin, from the Emily Ann Griffin Foundation. She'll describe how she decided after her young daughter passed away to help families in need. Plus, we'll answer a Blooom call for help with blogger Tasha Daniel (FinancialGarden.net), who personally paid off over $80,000 of debt! 

We're also excited that in every city we had a Stacking Benjamins band! Our rockstar band in Detroit? It's none other than the guy who designs our awesome swag, Cincinnati-based Brad Lark.

...and of course, we were joined on stage by our guest co-host, the co-founder of Blooom, Chris Costello.

It's a super episode with our liveliest crowd of the three shows (sold out show!). You'll laugh, hear some moving stories, and maybe (keep this part to yourself) learn something.

Thanks to Blooom for supporting Stacking Benjamins and our tour. Get a one month free at stackingbenjamins.com/blooom and enter promo code SB for a month free!

Thanks to TIAA for supporting Stacking Benjamins and our tour. Find out what type of  difference maker you are at TIAA Difference Maker 100.

Nov 09, 2018
Chasing Your Dream Career (with Joel Goldberg, Carrie Olsen, Tracie Fobes and MORE!)
01:35:47

We're kicking off our live Kansas City show with a fantastic hometown story on how one guy went from small time jobs to BIG time pre- and post-game shows for Kansas City Royals television broadcasts. You heard his podcast recently on our feed (as he interviewed Bob Kendrick for his Rounding The Bases podcast), and now you get to hear HIS story. Not only will he talk about chasing his dream career, but also how he's thinking critically now about "what's next." With off-season time and his speaking ability, how does he round out his career to be even more fulfilling and to give more to the world that only he can uniquely offer. We'll talk to Joel about all of that and more on today's LIVE show from Kansas City!

Plus, just like at our live show in Orlando, we're bringing the party with a cast of additional special guest. First, our TIAA difference maker making an impact in her community, we'll talk to Kathleen Webb from Children First CEO Kansas. She'll describe how she decided when her neighbor needed help, to pitch in and do what many will call WAY more than her fair share. Plus, in a our headlines segment, Tracie Fobes, from Penny Pinchin Mom joins us on stage to talk about all the interesting things going on around Kansas City. If you've never visited, consider this Tracie your tour guide! Plus, we'll talk to Fountain City Fintech's Zach Pettet, who reveals a few of the interesting FinTech apps and ideas coming out of Kansas City. And helping us answer your questions, we welcome from LaceyLangford.com... Lacey Langford, and from SteveStewart.com, you guessed, Steve Stewart.

PLUS, ever think about taking your unique talent and making it your full time job? Our Kansas City guest announcer Carrie Olsen not only will fight Doug for his job, but she'll also share her story about founding CarrieOlsenVO.com and becoming a voiceover artist working with major brands!

We're also excited that in every city we had a Stacking Benjamins band! Our rockstar band in Kansas City? It's none other than guitar prodigy extraordinaire (plus son of Tracie Fobes)...Garret Fobes.

...and of course, we were joined on stage by our guest co-host, the co-founder of Blooom, Chris Costello.

It's a really fun episode in front of a lively crowd who braved some pretty bad weather conditions.

Thanks to Blooom for supporting Stacking Benjamins and our tour. Get a one month free at stackingbenjamins.com/blooom and enter promo code SB for a month free!

Thanks to TIAA for supporting Stacking Benjamins and our tour. Find out what type of  difference maker you are at TIAA Difference Maker 100.

Nov 07, 2018
From $40,000 in Student Loan Debt to $100k+ Income Per Month
01:38:47

We kick off live show week with a great story. How about a blogger who owed thousands in student loan debt and turned things around so much that only a few years later she's earning six figures every month and lives on a sailboat? Michelle Shroeder-Gardner joins us live from Orlando, Florida, to help us kick off our Three-Town Tour! But that's not all.

Plus, because we're live, we've brought a TON of financial and community stars with us. Helping TIAA support difference makers in the Orlando community, from Rise Against Hunger we welcome Jason Haulbrook. Plus, in a our headlines segment, Josh Elledge from Savings Angel joins us to talk about saving money at hotels; from DIY.FUND, Eric & Wendy Nissan talk about innovating in the Orlando area; helping us answer your questions, Paula Pant from Afford Anything joins us, plus the ladies from the Money Millhouse, Ellie Kay and Bethany Bayless.

We're also excited that in every city we had a Stacking Benjamins band! In Orlando we were helped by the woman behind Planting Money Seeds, Miranda Marquit, and the man from the Inspired Money podcast, Andy Wang.

...and of course, we were joined on stage by our guest co-host, the co-founder of Blooom, Chris Costello.

It's a really fun episode in front of a live crowd.

Thanks to Blooom for supporting Stacking Benjamins and our tour. Get a one month free at stackingbenjamins.com/blooom and enter promo code SB for a month free!

Thanks to TIAA for supporting Stacking Benjamins and our tour. Find out what type of  difference maker you are at TIAA Difference Maker 100.

Nov 05, 2018
How Not To Lose It When You Lose Money
01:12:43

Investors. Right when they turn left they turn right. You've heard lots of stories about people who've lost fortunes...all because they lost their head. Yet one recent publication shows the mindset shift of investors over time and through different market conditions. By knowing what most people think, by learning the psychology of an investor, maybe you can avoid many of their mistakes. We're excited by our roundtable team today because they've all not only made mistakes but they've also helped people overcome mistakes...and because of that, we hand picked them to help pick you up on today's market volatility-themed episode. Today we welcome Kine Corder, Nick True, and Paula Pant to the microphones to help us talk about the investor mindset.

Plus, we're throwing out the Friday FinTech segment for a special discussion with Kristen Holt and Dusti Young from Greenpath Financial Wellness. They've designed a #NoSpendNovember month of sound financial tips to help you better manage money as we roll into the holiday season. If you're just starting out with sound financial habits or you're looking for a great place to start, this is a segment you'll want to tune in and hear.

Of course, that's not all. We'll also take a call to the help line AND 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.

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

Nov 02, 2018
Meet the Mad Money Monsters
01:17:12

We're bringing two specially picked Halloween inspired guests down to the basement today, (and as a bonus, for once we can call all of our cobwebs and flickering lights seasonal decoration. Bonus!) Today we welcome the two brains behind the Mad Money Monster blog, Mr. and Mrs. Mad Money Monster. And speaking halloween decorations, Mr. Mad Money Monster, (or Harrison for short), is also a horror film director! Not only are we going to discuss practical money habits gone scary, we'll also peek into the mind of a director who sets out to scare us ALL.

Plus, in our headlines segment, we're looking at a response letter penned by Blink-182 frontman, Tom DeLonge. It was previously reported that Tom's UFO organization accumulated $37 million worth of debt. Tom fired back that the original reporter didn't understand the SEC filing that the report is based on. Bottom line? Someone in this argument is VERY wrong. Later on we'll answer Doug's trivia question, and a listener letter from Mike. With dollar cost averaging in mind, what's the best way for Mike to transfer his money from his target date funds over to an S&P 500 index fund? And don't you worry, we'll still have time to throw out the Haven Life line to John, who wants to know if he can use his HSA in other countries just like he can here in the good ole USA.

Thanks to Mack Weldon for supporting our channel.  Save 20% off your first order at MackWeldon.com - promo code: sb.

Oct 31, 2018
How Much Cash Buys Financial Independence? (Your Letters)
01:09:20

We're kicking off the week talking about new jobs, annuities, paying down your mortgage, and spreadsheets....that's right, it's our favorite episode: we're answering YOUR letters. Joseph's got his first "big boy" job as an engineer after college. He's already got his eyes set on financial independence, what steps should he be taking to get there? Next, Gwen wants to know the reasoning behind not paying off your mortgage early. Wouldn't it be better to put $500 towards the mortgage each week rather than investing that amount? We're also answering a numbers question from Axel, who has a big question about calculating the end number for retirement. Based on the equation, Axel should have a lot more money than he actually does. What does that mean 40 years down the road?

Plus, in today's headline segment, is FAANG out the door? We're shining the spotlight on one recent piece that says we should be looking at "MAAN" stocks to lead us into the future. What new companies comprise MANN? Is it a good idea to change your way of investing? Then, in our second headline, insurer Ohio National is rolling out some big changes by eliminating advisor compensation on variable annuities. We'll talk to Lauren Minches from Blueprint Income for her take on why so many companies are changing so much in the annuity business.

Thanks to Mack Weldon for supporting our channel.  Save 20% off your first order at MackWeldon.com - promo code: sb.

Oct 29, 2018
Financial Terms You Need To Know (plus an intro to Cozy)
01:08:44

Just like how you need to know where the pedals are when you ride a bike, learning the key financial terms is an important part of your success as a saver. What are the most important terms to know? We're joined by Tom Drake from the Maple Money podcast, CFP Katie Brewer from Your Richest Life Planning, and Paula Pant, to tackle most of the basics. Which of these terms do you know?

We'll also talk to Lucas Hall, who we give us a walk through this week's Friday FinTech featured company, Cozy. If you're a landlord or you're a renter, Cozy might be a company you'll want to know more about. They help landlords make life easy for themselves and for their renters. We'll talk about common problems landlords have and how this particular company has attacked those issues.

Finally, we'll answer a listener call for help AND 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.

Oct 26, 2018
Money Mistakes and Wins, plus Leadership Lessons from the Negro Leagues Museum (live podcasts with Chris Browning and Joel Goldberg!)
48:17

Today we bring you two fantastic podcast episodes in a single package! As part of our three city tour we headed to Orlando, where Chris Browning and the Popcorn Finance podcast took the stage. Chris tackles some of his (and the audience's) biggest money wins and failures. He talks about controlling spending, buying some dumb stuff, listening to some bad advice, and more. 

And in the second half of our show, Joel Goldberg and the Rounding the Bases podcast take center stage from our show in Kansas City. Joel welcomes one of the best storytellers we've ever heard, Bob Kendrick, from the Negro Leagues Baseball Museum, to introduce people to some of the stories, adversity, culture, and excitement of the Negro Leagues. You're going to love these stories. Think they're about sports? Think again. Bob will talk about entrepreneurship, business opportunities, creating a successful team, and the value of strong leadership.

Thanks to Blooom for supporting Stacking Benjamins.  Get a one month free at stackingbenjamins.com/blooom and enter promo code SB for a month free!

TIAA has brought some FANTASTIC difference makers to our Three-Town Tour.  Learn what type of difference maker you are at TIAADifferenceMaker100.org.

Oct 24, 2018
How One Family Paid Off $74,000 of Debt
01:10:13

Need inspiration to pay off your debt? We have it today. Alaya Linton from the blog HopeandCents.com and her husband paid off over $74,000 of debt in....wait for it....25 months. She'll walk us through all of the bad decisions she made wracking up the debt, then hitting the wall where suddenly she was in huge financial trouble, her first credit card denial, her car being repossessed, and more. But then she'll also share how her family changed and she attacked her debt and paid it off in 25 short months. She'll discuss how she kept her family involved, what she cut, how she budgeted, and what debts she paid off first.

Plus, in today's headline segment, an unlikely source says that the future of advice is going to come from humans. Who would say something so crazy? You'll find out.

Later we'll throw the Haven Life Line and take some time for Doug's trivia.

Thanks to Nutrafol for supporting Stacking Benjamins. Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB

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

Oct 22, 2018
The ONE Thing You Need To Figure Out (plus Jake Hare from Launchpeer)
01:18:43

What's the ONE thing you need to figure out to get what you really want? A popular blogger wrote a piece on the topic and today we have a special all-guest panel to help us work through it. On today's show we welcome, from the Hippocratic Hustle podcast, Dr. Carrie Reynolds, and from the Poorer than You blog, Stephonee....AND also, the guy behind the Financial Residency podcast, Ryan Inman. 

In our Friday FinTech segment we're taking a break from showing you the hottest new gadget to helping you build it. Have a great idea for the next hot FinTech app? Jake Hare has helped hundreds of potential app developers bring their idea to market and today he's going to talk about forming and executing on your next great idea.

That's not all...of course we'll still have Doug's trivia segment AND answer a listener call for help...all because we care, and because that's what we do on Friday. Enjoy!

Oct 19, 2018
From Runaway To Entrepreneur (with Brynne Conroy)
01:03:20

Here's a success story: Brynne was couch surfing because she had nowhere to go and now is releasing one of the biggest financial books of the year. Think that isn't inspirational? Oh, we've got inspriation in spades on today's show. Whether you're thinking about maybe starting a business or looking to pump up your side hustle or business, today is for you. If you're looking to figure out how to make your bad situation better....Brynne has been there. Maybe you're actually trying to start a business? Creating a new business from the ground up can be a monumental task and can seem impossible to do. But, like with anything, breaking down the process into smaller manageable steps can make starting a business feel like it's within arms reach. Helping us break down this whole side hustle business (see what we did there?) is our featured guest, from the Femme Frugality blog AND the author of the new Feminist Financial Handbook, we welcome Brynne Conroy.

Plus, in our headlines segment, the U.S. government has announced that new social security increases are on the way. We'll dig into why that's exciting news and just how much is on the table. Later on we'll still have time to answer Doug's trivia question, and a listener letter from Mario... who wants to know what we think about investing in target date funds for retirement, AND throw out the Haven Life line to Matt. Matt's wife has some medical debt they pay on monthly, but interest accrues daily. What can they do?

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.

Oct 17, 2018
Building Habits That Stick (with James Clear)
01:04:15

Spend $10 on fast-food at lunch, or carry in a bag lunch to eat in at the office? Order some delivery for dinner because you're too busy, or meal prep at the beginning of the week? Small choices we choose each day turn into habits that make up the backbone of our money decisions. It's easy to say, "I'm going to spend less money this week," but it's a lot harder to actually ACT on those choices throughout the week. Turning our bad habits into good habits is key to great financial health. Today we're bringing down the guy who wrote the book on the topic...the author of Atomic Habits, James Clear.

Plus, in today's headlines, the stock market has been a little shaky lately, if you haven't noticed. Should investors be worried? We'll have a few words for people experiencing "market panic." And in our second headline, what are the best places for new retirees to live? You'll be a bit surprised at some of the places that made this year's list.

Later we'll throw the Haven Life Line to David, who is dollar-cost averaging into a Schwab S&P 500 index fund. He is already maxing out the "usual" accounts, so is a taxable fund the best place to stash the rest of his cash? And in our letter from the mailbag segment, we'll answer a question from Natalie. Natalie and her boyfriend are both debt free and are also maxing out the accounts: HSA's, Roth IRA's, and their company 401k's up to their match. They may want to buy a house in 5 years, but there's nothing else on the horizon. What should they be doing with their money they're not spending or putting away for retirement?

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

Thanks to RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Oct 15, 2018
Ever Try THESE Extremely Frugal (and maybe gross) Money Savers?
01:14:30

Being financially prudent is one thing, but when does saving money cross the line into being extremely, and possibly even grossly, frugal? Helping us answer these questions are today's special guests: from the Mr. Fi Guy blog, it's Mr. Fi (or as his friends call him...Taylor); from the Fire Drill Podcast, we welcome Gwen Mertz; and from this here podcast, we welcome our very own OG.

Halfway through the show we'll take a little break to talk to Jason Brown from Tally. Making the decision to get on the road to financial freedom is a good one, and paying off credit cards and debt can be a major road block. We'll sit down with Jason doing our FinTech segment and see just how his company is setting out to help people climb out of debt.

And of course, we'll still have take some time to throw out the Haven Life Line to Joe, who wants to retire in the next few years. There's just one problem: Joe has no goals for retirement life. Can we throw some resources his way so he can figure out what he wants to do?

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.

Oct 12, 2018
From Disorganized to Money Management Ninja (with Belinda Rosenblum)
01:09:07

How do you become a money pro? Like most people...you start off as a financial nightmare and you learn the hard lessons that teach you how to be much better with your Benjamins. Belinda Rosenblum lived that life....she was horrible with budgets and used archaic systems that didn't work to keep track of both her own bills and those of family members she cared for. You'll hear the story today of how she went from being completely disorganized to becoming a Money Ninja working for her clients.

Plus, in our headlines segment, it looks like mortgage rates are going up and so are bond rates...what's the correlation? We'll explain how these two work in tandem. Plus a new FINRA proposal would allow brokers to ease restrictions on brokers' outside activities. Why are some organizations against this? What would this have to do with your money? We'll explain the plusses and minuses of this proposal.

Later on we'll still have time to answer Doug's trivia question, a listener letter from Shaun, who asks about betting with some zero percent money he can borrow and invest AND throw out the Haven Life line to Allen, who wants to know about how to make back door Roth IRA contributions. 

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.

Oct 10, 2018
Kicking the 9-5 To The Curb (with Lee Huffman)
01:12:11

Our featured guest coming down to the basement has two kids... and he still kicked his job to the curb and made the jump to the self-employed route. Why did he do it? And HOW did he do it? Lee Huffman will tell us the story today.

Plus, in today's headlines, USAA's Director of Life and Health Insurance, Sean Scaturro will walk us through open enrollment and health insurance, which can be a pretty daunting thing to take on. In our second headline, what are the hidden costs behind Amazon's recent wage hike for their workers? You might be surprise at what's REALLY going on.

Later we'll throw the Haven Life Line to Ethan, who has a few questions on backdoor Roth conversions. Plus we'll answer a letter from Elizabeth, who's a little late to the financial game. What should her investing focus be... and what are some good financial tips for someone who got into the game later on?

Of course, we'll still take some time for Doug's trivia.

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

Oct 08, 2018
What Innovation Is Coming To YOUR Wallet?
01:17:52

Long-time basement listeners know what the Friday after FinCon means... it's our episode you know and love: when we take you on a tour of some of the biggest innovations and coolest concepts we see at the show. So, just what are we covering this year? While plenty of companies are doing amazing work to help everyday people save, invest, and become financially independent, we brought to our microphones a few of our favorites. Today you'll hear stories from brands like USAA, and what they're cooking up in their labs, and Chris Hutchins at Grove, where they're inventing financial planning tools for the masses, and many more innovation-themed talks about the future of your money, (and wallet). Of course, we'll still save time for some of 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 RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Oct 05, 2018
Turning Inner Strength Into Outer Money Success (with Beth Burns)
01:04:31

Today in the basement we're turning inner strength into outer money success with financial coach Beth Burns. Plus, in our headlines segment, do you live in one of the least financially savvy states? We'll go over that list... plus tell you which side of Texarkana had the honor of (not) making the list. And in our second headline... Mark Cuban once said that, "if you use a credit card, you don't want to be rich." Does he really mean exactly that? We'll jump in more during the show.

Later on we'll still have time to answer Doug's trivia question, a listener letter about adjusted gross income and modified adjusted gross income, AND throw out the Haven Life line to Nick, who's side hustle has quickly became his main hustle. With a new house this year, plus a baby, and still tackling student debt... what should Nick and his wife be doing with all of his new found cash? What type of financial advisor should a person in Nick's position be looking out for?

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins!

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

Oct 03, 2018
Health and Your Money: The Groovy-est Episode Ever
01:10:13

You first heard him on our Friday roundtable episode... and now he's coming back for his victory lap (and the mic all to himself). Today we welcome Mr.Groovy, of Freedom is Groovy to talk all things financial independence. How did he become financially independent in a short time after not saving much well into his forties? How does he make sure he's healthy so he can pursue the things he saved money for in the first place?

PLUS, in our headlines segment, it's been 10 years since the last market crash. What could company retirement plans do better to help people weather the storm?

Later on we'll throw out the Haven Life Line to Shane. Some jobs are more likely to provoke lawsuits than others. What are some strategies for professionals who might get sued? And as always... we'll still have time for Doug's trivia AND to answer one well written letter to the podcast.

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

Thanks to RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Oct 01, 2018
Lying About Your Money (plus an intro to RateGravity)
01:20:29

Have you ever lied about how much money you make? Most likely, along with the rest of us, you've probably puffed up the number at least once in your life. So exactly why do people lie? Helping us discuss fibbing to spouses and to statisticians is our special guest, Hilary Hendershott. Also helping, we welcome our good friend Paula Pant, and from our very own podcast, OG.

Halfway through the show we'll take a break and talk to one CEO whose company, RateGravity, is disrupting the mortgage industry. And in typical Stacking Benjamins style, we'll also find time to answer  Doug's trivia AND help out a caller who left the basement a voicemail from Leo, who with his wife has worked hard to reach financial independence... and can't seem to give himself permission to have some fun.

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 Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

Sep 28, 2018
Suze Orman
01:13:10

We're pulling out all the stops today because we're talking to a special guest that you may (or may not) have heard of... Suze Orman. We'll talk all things women and money, mentorship, understanding your investments and financial tools, and more. Plus, during our headlines segment we're extra packed because we're delivering three awesome headlines. First: is Robinhood really making MILLIONS by selling out millennials' user data? One group thinks so. And if that wasn't enough, in a retirement plan court fight, one retirement fund is fighting back against participants that sued the employer by asking for monetary sanctions against the six employee-plaintiffs and the law firm that represented them. But that's not all....because we're also dissecting one piece about Barry White and the estate he left behind. How much of your estate does your girlfriend receive when you've been separated from your wife for two decades (but never actually divorced her?)...do we have some news for you...

Of course, we'll still have time to answer Doug's trivia question, throw out the Haven Life line to Martin, who needs some answers on how to get out of his in-laws' basement, and answer a listener letter about investing in leveraged ETF's. Is it a good idea? We'll dive in during the show.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins!

Thanks to Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

Sep 26, 2018
Finding Quantum Success With Work And Money (with Christy Whitman)
01:06:30

We're kicking off Monday by talking by asking, how do you achieve quantum success with your career and your MONEY? Helping us improve our financial lives is today's special guest, Christy Whitman. Plus, in our headlines segment, would you enjoy being called a "boring" investor? And in our second headline... a company is offering insurance for space travel, what's up with that?

Later on, we'll tackle a voicemail on the Haven Life Line... with a baby on the way what should Michael and his wife be doing with their extra income? We'll also try to help Jackson, who wrote today's letter to the show. He has a job and has recently graduated from college, so now Jackson wants to move out of his parents' home in the next year. He already has some savings built up... so what's his next few moves?

And as always... we'll still have time for Doug's trivia.

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

Thanks to Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

Sep 24, 2018
11 Reasons Why You’re Not Making MORE Money
01:05:58

Ever wonder what outside factors are keeping you from making more money? If so, it turns out you're not the only one asking that nagging question... big surprise there! Helping us cover a recently released blog post covering many reasons why you aren't making more (and what to do about it) we're rolling in our "A" team: Paula Pant, Len Penzo, and OG. It's important to consider automation, robots, inflation, wage stagflation, employer collusion, a proliferation of workers who are highly educated, and more. It's even more important to know what you'll do about it, now that you're armed with all the reasons why. There's no reason to not be making more money, whether with more money from your primary income, with a side business, or using other strategies (such as passive investments).

Of course, that's not all. We'll still have time to answer a voicemail from a listener, and to answer Doug's trivia. Drew recently changed employers. What are the options he should be aware of? Are there time constraints we should be watching out for?

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.

Sep 21, 2018
What To Do With Big (Sudden) Money with Doug Goldstein
01:10:50

What would you do if you found yourself with a big inheritance? You might have some ideas on that, but do you really know what you SHOULD do if you found yourself in that situation? Helping us with just that question is our special guest, Doug Goldstein. Doug will explain what you need to know if you found yourself in an inheritance situation in easy to understand steps. Plus, in our headlines segment, we're discussing one piece that looks at the 401k funds that took a beating in 2008. Could it be impacting you? Plus, we'll have a surprise headline in the form of a Stacking Benjamins language course... but don't count on it being in French.

Of course, we'll still have time to answer Doug's trivia question, throw out the Haven Life line to Dany who wants to know more about stocks that pay out dividends, and answer a listener letter about investing side-gig money. It's a content-packed episode today... enjoy!

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins!

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

Sep 19, 2018
From Zero To Million Dollar Listings (with Ryan Serhant)
01:14:37

Need a kick in the pants when it comes to your career? Time to look inward and make some improvements? Check. We've got you covered. Thinking about selling....anything, but maybe even real estate? Check. We've also got YOU covered. Need a healthy spoonful of laughs (and a surprise or two) in our headlines? We've got that covered too. Coming down to the basement to share the sometimes painful but always poignant story about how he went from zero to million dollar listings... we welcome Million Dollar Listing reality television star and author of Sell It Like Serhant, Ryan Serhant.  It took Ryan years to discover what his competitive advantage was... and he's going to share it with you today.

But that's not all. In our headlines segment, we'll discuss a new checking account with features that look and smell a lot like those offered by credit card companies. Is this the future? Should you switch banks? We'll discuss. Plus, we'll share a story about a bride who might have asked her guests for a touch more than they were prepared to give. Of course, we'll also throw out the Haven Life line, answer a letter from the mailbag, and to celebrate tonight's award show, share some of Doug's Emmy-related trivia.

Thanks to Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

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

Sep 17, 2018
BONUS Episode: 2018 Plutus Award Finalists AND Panel Discussion
01:59:35

A special BONUS treat! We've asked Mr. Plutus Awards Harlan Landes and our friend (and Plutus Award team member) Miranda Marquit down to the basement to share this years finalists, and they agreed! They'll spend a little time sharing ALL of the finalists in every category. Is your favorite nominated? Are there fresh new names of blogs, podcasts, You Tube videos, or social media sharers that you need to add? We'll share the complete list on today's podcast.

Then in our EPIC panel discussion, we'll spend about 90 minutes hashing out ten of the categories. Who are the dark horses to win? Who could surprise? What names should win, and who do our panelists want to win? We'll dig in deeper on today's podcast!

We still have a great episode in the morning (Ryan Serhant from Million Dollar Listing joins us!). It's a busy week here in basement-land....

Sep 16, 2018
10 Money Leaks to Plug NOW!
01:05:52

Spend $8 at the coffee shop, $5 dollars for a little snack later on... maybe $20 eating dinner at a restaurant with your co-workers later tonight. Rinse, wash, and repeat a few days a week and you'll start to wonder where all that extra cash you're supposed to have in your wallet actually went. And maybe you're not leaving your money "faucet" on full pressure all the time, but like any homeowner can tell you, even a constant drip can run up a bill at the end of the month. Helping us face our own money leaks today, from the Mad Money Monster blog, we welcome Lisa Harrison. Rounding out our contributors today is Paula Pant (from Afford Anything) and Len Penzo (from LenPenzo.com).

But that's not all... we'll also have time for Doug's trivia, and also will tackle a voicemail from a listener. Derek wants to know how you explain the concept of a non-physical thing, such as cash or credit on a card, to young kids?

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins!

Thanks to Warby Parker for supporting Stacking Benjamins.  Order your FREE Home Try-On’s at warbyparker.com/sb.

Sep 14, 2018
Lessons From Strangers' Money Diaries (with Lindsey Stanberry)
01:10:25

Ever want to see how someone else lives and spends money? The Money Diaries, a wildly popular feature at Refinery29, digs into the personal lives of people who volunteer to share the details of their lives and expenses. What you find, are lots of lessons that now Work & Money editor Lindsey Stanberry has compiled and used as the basis for a new book which dishes out popular lessons on money, from setting a plan, to paying off debt, to insurances and investing. It's all here and we're excited that Lindsey is coming today to the basement to share some of the biggest lessons.

Plus, in our headlines segment, we'll list off the 10 highest paying jobs in the USA. There might be some trends that you may want to explore if you're looking for your next employment opportunity. We'll also share lessons about other careers NOT listed among the top ten. Also, in our second headline, one big ETF company is cutting some funds from its lineup. Are you invested in any of them? Even if you're not, what happens to the money from the investment, and what should you do if it happens to you in the future? We'll share all of the details.

And of course, we'll still have time for Doug's trivia, throw out the Haven Life line, and answer your questions from the mailbag.

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

Sep 12, 2018
You Can Be a Wealthy Heiress (or Heir) with Linda P. Jones
01:08:25

Do you have what it takes to be a wealthy heiress (or heir)? Our friend Linda P. Jones says that you already have the ingredients...now you just need to dive in and show your prowess. She'll take you through the steps to claim your wealth, and we'll talk about investing based on cycles and momentum on today's show.

Plus, in our headlines segment, a new study shows that financial pros want the best of all worlds...active management with passive-like fees. Is that a pipe dream or is it really on the horizon? We'll mull it over. Plus, banks are protecting themselves with some additional language you should put on your checks if using mobile deposit. What are the words? Will it also protect you? We'll share everything on today's show.

Of course, that's not all. We'll also throw out the Haven Life line, answer a letter from the mail bag, and more!

Thanks to Warby Parker for supporting Stacking Benjamins.  Order your FREE Home Try-On’s at warbyparker.com/sb.

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

Sep 10, 2018
Things We Wish We Knew About Money When We Were 20 w/ an intro to Respect (SB RWD 83)
01:02:16

We're finishing this week strong with today's rewind episode. Featuring Joe, Len Penzo, and Paula Pant, this roundtable has our group looking back at their 20's. What sort of money education would have made their lives easier? Later on the show, the group asks themselves: what's the deal with tipping? And should you tip the takeout host? When is it appropriate to leave a tip? The gang answered all that, and more, on today's episode.

PLUS, in our FinTech segment, we talked to Ross Kimbarovsky from Respect. Worried about elder care for your relatives? Ross and his team rolled out some new systems to address the issues in elder care. 

We'll be back on Monday with a whole new batch of fresh episodes. See you then!

 

Sep 07, 2018
Stop Making Bad Money Moves w/ Emily Guy Birken (SB RWD 82)
55:53

Pay down your debts, or invest in the market? Upgrade to a new car, or start stashing away money for a house? Opportunity costs face us everyday, and today, we're rolling back the clock to when we sat down with Emily Guy Birken, who explains just how it all works. Plus, we talk on the problems with "free", sunk costs, and other strategies to manage money. In our headlines we're talking Johnny Deep (remember that phase?), and talk financial knowledge. How much does the average person learn about money over their lifetime? You'll be surprised with the answer. 

In this full-featured rewind episode we also answered the Haven Life Line about an important (and not uncommon) tax question you may relate to, get around to Doug's trivia, and a listener letter. 

The original show notes can be found here.

This episode originally aired May 17th,2017. Enjoy!

Sep 05, 2018
Crushing Student Loans and Buying Houses: Your Letters (SB RWD 81)
59:08

We're rolling back the clock to one of our extra-stuffed letters episodes. The guys will cover questions about buying homes, paying down student debt, investing, bitcoin and more. Then in the headlines segment the guys looked at mistakes that investors are prone to make...PLUS one policy from an insurance company that was a bit ridiculous. 

The original show notes can be found here.

Sep 03, 2018
The Happiest Way To Pay Your Loans AND Grab Scholarships (Plus an intro to Emperor Investments)
01:10:45

We're ending this eight week series of shows on a very special note, with some awesome guests and fun surprises! First, have you ever groaned while paying the same debt payment over and over every single month? Sure you have! Today we'll talk to our guests Chelsea Brennan from Mama Fish Saves and her reader Megan Grossi who hatched a BRILLIANT plan to make paying down student loans (or any loan for that matter) more fun. We can't wait for you to hear it.

But that's not all we can't wait for you to hear. Pam Andrews' son grabbed over $700,000 in scholarships and completely avoided student loans. How did he do it...and can you do it too? Pam believes you can, and that's why she created her company the Scholarship Shark. She'll walk us through the process today.

AND in our Friday Fintech segment, you've heard Emperor Investments on our shows lately...but exactly how do they work? We invited the co-founders, Brenna Casserly and Francis Tapon to join us with a quick walkthrough of how they work.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins!

Aug 31, 2018
Finding the ZERO Percent Tax Bracket In Retirement (with David McKnight)
01:00:08

You've diligently saved and invested. You've taken careful care of your money, and you're now ready to enjoy your golden years...but your tax situation isn't what you'd expected and now you have a whole lot less money than you'd hoped. That's the situation that today's guest is hoping to help you eliminate by taking taxes out of the savings equation as much as possible. Coming down to the basement today we welcome the author of the bestselling book The Power of Zero, David McKnight.

PLUS, in our headlines segment, one company is upping the credit card rewards game. Is it worth jumping on board? We'll share our thought on that, along with the details of the 2018 TIAA Plan Sponsor Survey results. What are employees looking for from their employer when it comes to saving for retirement goals? We'll dive into the results and maybe find some common ground between employers and employers today.

Of course we'll still have time to answer Doug's trivia question, plus tackle a Haven Life Line letter and more, on today's show.

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

And don't forget about our Three-Town Tour! The award winning Stacking Benjamins podcast is coming LIVE to a stage near you. Find out more on our Tour Page.

Aug 29, 2018
Retire Early with Real Estate (with Chad "Coach" Carson)
01:14:43

Looking to get into real estate? Or maybe you're hoping to clock out of work early... permanently? Today we're bringing down to the basement the guy who used real estate to make sure his family was in great financial shape at an early age, Chad "Coach" Carson. Whether you're interested in flipping houses, buying and holding, or just curious about how to get started, we'll talk all things real estate on today's podcast.

PLUS, in our headlines segment, is active investing dead? One pundit says that calls of the death of active investing are exaggerated, and points to four ways we'll use active investments in the future. Looking for some ways to beat an index? Today we'll point to four possibilities. And in our second headline, are you using your 401k like an ATM machine? We'll tackle a recent piece about workers who cash out their 401k plan well before they should.

Of course, we'll still have time to answer Doug's trivia question, we'll throw out the Haven Life line, and answer a listener letter.

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

And don't forget about our Three-Town Tour! The award winning Stacking Benjamins podcast is coming LIVE to a stage near you. Find out more on our Tour Page.

Aug 27, 2018
8 Money Mistakes Middle Class People Make (plus an intro to Blast)
01:05:16

As much as we don't like to admit it (and let's face it, Doug never will), we're not perfect here in the basement. We can mess up and make mistakes, just like anyone. But not all mistakes are created equal. Forgetting to start the dishwasher? Yeah, that's not the end of the world, but what about financial mistakes?  A small one might mess up your weekend... but a big one could spell disaster. That's why today we're covering (and sharing some of our own) 8 mistakes the middle class is making with their money (a piece written by Holly Johnson for The Simple Dollar). Joining us today our special guest, from Rich Life Advisors, is Beau Henderson. Also joining in the discussion are our regular roundtable contributors, Paula Pant (Afford Anything) and Len Penzo (Len Penzo dot com).

Midway through the show we'll take a little break and talk to the co-founder and chairman of Acorns,  Walter Cruttenden, about his new brand new venture, an app that mixes two unlikely ideas: video games and saving money. When we first heard about Blast we were intrigued by the possibilities, so we're excited to bring it to your attention, too.

And of course, we'll still have time for Doug's trivia and also to answer a listener question from Dan, who is looking for suggestions. How does someone in retirement create a more defensive portfolio? What types of investments should they consider adding to the mix?

Thanks to Nutrafol for supporting Stacking Benjamins (and Joe's head!). Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB

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

And don't forget about our Three-Town Tour! The award winning Stacking Benjamins podcast is coming LIVE to a stage near you. Find out more on our Tour Page.

Aug 24, 2018
Len Penzo's Annual School Lunch Survey (the entertaining way to learn inflation)
57:55

PB&J or BLT? Before you answer that question you'll want to listen in on today's show. You guessed it! Today's the return of Len Penzo's annual Sandwich Survey. We're mixing the costs of going back to school, nutrition, and a little inflation talk all into one discussion. Turns out you can learn quite a bit from comparing the rising (or falling) costs of sandwiches year-to-year. Who knew that the economics of lunch could be so fun?

And if you're not particular towards any particular sandwich, we're also bringing the sauce in our headlines. First up? If you're a homeowner you could be sitting on a record amount of cash. Maybe you're not a homeowner? We've got you covered too in our second headline... we'll be looking at some new loan programs targeting homebuyers with 3% down or less.

We'll also have time to answer Doug's trivia, listen in on a Haven Life Line call from our basement friend Lee, AND still get around to a listener letter.

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 our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB.

Aug 22, 2018
Managing Money During Emotional Times (with Dorie Fain)
01:05:25

Life transitions are always stressful, and can be more than a little scary. Oftentimes, it's not until we're settled back into a routine that we notice we haven't been on our money management game. Maybe we made some big decisions while emotional. Worse yet, maybe some of those decisions were irrevocable and now you're stuck. With all the big changes happening ourselves here in the basement we realized that talking about managing money during transitions might be long overdue. Coming down to the basement today to talk about money management during BIG life changes like a divorce or elderly family member moving to managed care, is Certified Financial Planner Dorie Fain.

First though, in our headlines segment we'll look at one insurance company with skyrocketing rates on a product that consumers love to use... and other companies are following suit. Are you in danger of rising premiums? We'll tackle that question, along with our second headline involving three retirement industry myths that won't seem to go away, even though we dispel them fairly often. What are they? What do they have to do with your planning? Sadly, maybe a lot.

Of course, we'll still have time to hear Doug's trivia, answer a voicemail from Dave who more knowledge on playing the credit card rewards game, AND answer letters from Constance and Dr. J.

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

Thanks also to our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB Time calls Honey "basically free money." We agree.

Aug 20, 2018
Making Money Through Better Time Management (plus BIG news from Haven Life)
01:05:39

What's more important, money or time? While that answer is up for debate, one thing isn't: better time management will lead to making more money. So, how do you maximize your money AND your time? Helping us answer that question is money coach extraordinaire, Dorethia Kelly. Also joining the conversation today is basement regular, Len Penzo. And rounding out the crew today, from our very own podcast, is OG.

After we tackle time management, we'll be getting some big news from the life insurance front during our FinTech segment. How about some life insurance services that you can benefit from while you're still... alive? We're talking to long-time basement friend and CEO of Haven Life, Yaron Ben-Zvi, about some big changes coming to the company.

Still want more? We'll make time to answer Doug's trivia AND a voicemail. Once you have your financial house in order, what should you do with your extra savings? We'll answer Dan's question right after we figure out what Doug's trivia.

Thanks to Away for supporting Stacking Benjamins. Go to Awaytravel.com/sb and use the promo code sb to score $20 off your next suitcase!

Thanks also to Nutrafol. Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB

Aug 17, 2018
How to Be Boss and Take Control of Your Income
55:20

Think you're doing all you can to earn more money? Hoping to find ways to maybe squeeze a little more productivity out of your day? In today's inspirational episode, we're talking to Kathleen Shannon and Emily Thompson from the Being Boss podcast about what"being boss" really means. Whether you're working for someone else or have entrepreneurial blood, there's something today for everyone.

And in our headlines segment... should you lease a car for your teenager? It might sound like the craziest and dumbest idea at first, but don't shut it downbefore we look at the pros and cons of comparing a used (or even new) vehicle against a leased one for your teenager's first car. Plus, in our second headline, Angelina Jolie is accusing Brad Pitt of not paying his half of their kids' expenses. With millions of dollars between them, what's the big picture here?

Of course, we'll still have time for Doug's trivia... and then, in our letters segment, Bill suggests a new idea for the show...should Joe & OG change the format? Do something new? We may have just found our new hit show...

Thanks also 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.

 

Aug 15, 2018
How Is a New Cryptocurrency Born?
01:01:45

While we're usually not crazy about jumping in the cryptocurrency Kool-aid, a new type of crypto just being birthed called Kinesis caught our eye. This emerging crypto is based on gold and silver...so already it sounds a little different, right? To learn more about Kinesis and just how a new cryptocurrency is birthed, we invited CEO of Kinesis, Thomas Coughlin down to the basement to give us the fundamentals. What makes them different? Why launch a new one when so many others already exist? How do you keep your crypto-money from being stolen? We'll ask these questions and many more today.

Then, in our headlines segment, Vanguard's Chief Investment Officer responds to Fidelity's new no-fee funds. While his answer might not surprise you, how we think this correlates to you and your money just might be a surprise. In our second headline, Wells Fargo has beat back another lawsuit...this one having to do with target date funds.

Of course, we'll still have time for not only Doug's trivia, but also to answer a voicemail from John, who wants to know what advice we'd give someone who isn't sure how to crystalize their long-term goals.

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

Thanks also to Nutrafol. Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB

Aug 13, 2018
How Hardcore Are Your Money Habits? (plus an intro to CNote!)
01:10:34

Are you known as the "frugal" friend in your circle? Think you're 100% on board when it comes to managing your finances? You'll have a chance to put that to the test today, because our roundtable is discussing (and sharing their own stories on) hardcore money decisions. Helping us out today is special guest from The  PhysicianWealthServices.com, Ryan Inman... PLUS two of our basement favorites: Paula Pant and Len Penzo.

Then, in our Fintech segment, we're super excited to talk to Catherine Berman from CNote. Not only does CNote pay higher interest rates currently than a regular savings account, but you'll also be investing in local communities. How does it work? We'll go through it step by step with Cat (and you can check out our link below to CNote for more information).

And of course, if you're hungry like the wolf for trivia, we'll still have time for Doug.

Thanks also 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 Harry’s for supporting Stacking Benjamins. Get your Trial Set – go to Harrys.com/sb

Aug 10, 2018
She Paid Off $18,410 Of Debt In 7 Months
55:00

We LOVE success stories, and today we're talking to one woman with a great one. She set out to pay off over $18,000 of debt in a single year. But what happened? She actually did it in just over half that time: seven months. Sounds good? We thought so too, so we called up Jenni Zepol to see just how she did it. The great news? Many of you may be able to follow her tactics and do it also.

Plus, in our headlines segment one whistleblower claims she was fired for raising red flags about her employer's alternative investment sales. While we're not going to set out to prove or disprove her claims, we will draw a point on why it's important to make sure your advisor is always acting as a fiduciary while helping you handle your finances. And in our second headline, one Florida teacher quit his job to become a 6-figure earning personal shopper. Any lessons we can learn there? Absolutely.

We'll also have time to answer a listener letter, and don't you worry, we'll also dish out a dose of Doug's trivia.

Thanks also 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 RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Aug 08, 2018
Fidelity Drops TWO Zero Fees Funds Into the Market
01:00:44

We've said for awhile that the fee game is a "race to the bottom," and last week....we reached the bottom. Fidelity dropped some big news in the financial world last week: not only did they slash a bunch of fees, they also introduced two no-fee mutual funds. What does it mean? How does these new funds work? We've got you covered. First, we'll talk to the VP of Retirement for Fidelity, Ken Hevert, for more information on the company's latest move, and later in the show, OG and Joe will break down what this might mean for you and your money. PLUS, during our headlines segment we'll dig into a Wall Street Journal report covering how one big bank is still finding new ways to surprise their customers... and not in a good way. And during the Haven Life Line we're talking to Colin about Roth and Traditional 401ks. What's the best way to use them so he can retire early?

Don't worry, we'll still have time for a Doug's trivia and to answer a listener letter from Kurt. With a baby on the way, what should Kurt and his wife be doing to be financially prepared?

Thanks to Away for supporting Stacking Benjamins. Go to Awaytravel.com/sb and use the promo code sb to score $20 off your next suitcase!

Thanks to Harry’s for supporting Stacking Benjamins. Get your Trial Set – go to Harrys.com/sb

Aug 06, 2018
How Not To $#&* Yourself When Taking Out A Loan (plus an intro to Current)
01:04:03

Most people borrow money at some point, but how do we pick out good loans from bad loans? To help us figure out which loans are best, we're bringing down our usual suspects: from AffordAnything.com, Paula Pant; from our very own basement, OG; and from LenPenzo.com... Len Penzo. And halfway through the show we're talking to the founder of Current, Stuart Sopp, who's setting out to help parents teach their kids about money and the dangers of using plastic. We'll also answer a student loan/investment question question from Eli, and still have time for Doug's trivia.

Thanks also 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 Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB. 

Aug 03, 2018
Your Favorite Money Podcasters LIVE From Podcast Movement
01:21:02

We're coming to you (mostly) live from Podcast Movement! Joe caught up with some of our favorite podcasters and friends and interviewed them live right from the event floor. We have an action-packed episode featuring Gwen Mertz in our headlines, and then interviews from Jordan Harbinger, Phillip Taylor, and Vincent Pugliese, plus an awesome roundtable segment featuring Mindy Jensen from Bigger Pockets, Joel Larsgaard from Pour Not Poor, and Chris Browning from Popcorn Finance.

Thanks also 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 Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

Aug 01, 2018
How Do I Build a Stream of Retirement Money?
51:11

Have you been waiting for us to answer your letter? It's your lucky day because we're dedicating today's show to answering your questions. We're covering diversification, retirement, investing, Fintech, dividends and everything in between on our special letters episode.

Before we get to your letters, In our headlines segment we're taking a look at emergency funds and long-term care dollars. Are you thinking  about cutting corners and that maybe you can get by day-to-day without some sort of emergency fund? That could spell some bad news down the road. And in our second headline we'll spend a few minutes talking about proper planning for long-term care. The costs can pile on quicker than you think, and deciding your strategy isn't easy.

Plus, it's National Cheesecake Day! Doug's all excited, and so are we. Plus, in honor of Henry Ford's birthday, we'll have some Ford-related trivia that even if you aren't a car buff, you JUST might know the answer to...

Thanks to Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB. 

Thanks to Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

Jul 30, 2018
Do I Have an Unhealthy Relationship With Money? (plus an intro to Zeta)
01:15:43

There are many ways to have a not-so-great relationship with the fuel that helps you reach your goals. You can spend too much, never spend anything...and much more. What IS a healthy relationship, and what does it look like? There are a lot of warning signs, but that doesn't mean it's an easy problem to fix. On today's show, our contributors, Jen Smith from the FrugalFriendsPodcast.com, Roger Whitney (the Retirement Answer Man) from RogerWhitney.com, and Paula Pant from AffordAnything.com, will tackle their relationships with money (both the good and the bad).

Plus, during our Friday FinTech segment, we're excited to talk to Aditi Shekar from Zeta. Mastering your relationship with money is hard enough on your own, it only gets more intense when you add someone else to the picture. Zeta helps couples (whether married, roommates, living together, or living apart) master their money through a mix of technology and good old-fashioned advice.

Thanks also 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 RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Jul 27, 2018
Investing In Your Vices (with Jordan Waldrep)
01:13:45

You've probably heard of impact investing, but... have you heard of vice funds? The concept is similar to impact investing, but instead of good causes, vice fund invests in those other sectors of the market....like cigarettes, gambling, and alcohol. Interested yet? We hope so, because today, to talk more on vice funds, mom's invited the guy that's right in the middle of this sector to share ideas, stories, and his investing strategy, Jordan Waldrep.

Then, in our headlines segment, we'll call our friend JJ Montenaro from USAA, who has some disturbing news on the life insurance front. Why don't many people buy life insurance? We'll talk coverage, strategies, and life insurance myths on today's podcast. Plus, we'll discuss one piece covering the "lessons learned" from a big Hollywood divorce.

We'll throw out the Haven Life Line to Tyler. Tyler's wife is going back to school to get her master's degree. Could they open up a 529 plan and use it right away for the tax credit? We'll also answer a letter from Paul. He wants to separate from service soon and retire, but most of his 401k funds are with a prior employer. Does he need to roll that money over before he separates so that he has money to live on before 59 and 1/2?

Thanks also 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 RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Jul 25, 2018
Doing Well By Doing Good...with Real Estate (with Eddie Lorin)
59:05

At least one real estate investor is doing his best work by bringing affordable real estate to the masses. From ImpactHousing.com, we welcome Eddie Lorin, who'll share how you can purchase and create real estate opportunities that in his words, "do well by doing good." We'll also talk about real estate in different areas of the country and about trends in real estate investing and rehabilitation. Whether you're a seasoned real estate investor or a newbie, there'll be something for you to like.

In our headlines segment... do you think emergency funds are overrated? If you're not setting money aside for the unexpected (it's called an "emergency fund" after all), you might find yourself hitching rides from Neighbor Doug just to show up at work on time. Plus, in our second headline, should we be worried about the cost of a long-term care stay? One publication suggests we should be estimating and funding long-term care a little differently.

Then, we'll throw out the Haven Life Line to Derrick and his wife, who need to reduce their tax liability. What are their options? Don't worry though. We promise to save time to answer a letter and also swallow a dose of Doug's icy trivia.

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

Thanks also to our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB Time calls Honey "basically free money." We agree.

Jul 23, 2018
What Do Money Bloggers Owe Their Audience? (plus a BIG update from Tiller)
01:26:50

Should financial bloggers and financial podcasters who tout that they're "retired" share the WHOLE story with their audience? Plus, if they're managing a successful blog or podcast, how "retired" are they actually? Additionally....does it matter to a reader or listener if the writer/podcaster is actually retired, if their information is on point? We'll tackle a great article on this topic from Tanja Hester from the Our Next Life blog with our special guest, CFP Dana Anspach from SensibleMoney.com.

We'll also say hello to Tiller CEO Peter Polson in our Friday FinTech segment, who shares some BIG changes to his company's spreadsheet budgeting and money tracking apps. Then we'll answer a question from a listener about investing, worry over Doug's trivia, and more.

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

 

Jul 20, 2018
Welcome to Stacking Hamiltons! (w/ Rosemarie Groner)
01:17:12

And you thought you knew us! WELCOME TO THE STACKING HAMILTONS SHOW!!!! According to Doug's crazy holiday calendar we're celebrating National Hamilton's Day. It's your lucky today because today we're bringing you a show stock full of tips on how to save Hamiltons fora rainy day. Rosemarie Groner from BusyBudgeter.com, stopped by the basement to hand deliver 10 tips to save $10 in 10 minutes minutes or less. PLUS, during our headlines segment, we're talking to the COO of popular money and budgeting app, Clarity Money. I know. We're about three quarters as excited as you are.

And during our Haven Life Line segment, we'll answer a question from Tracy about paying her daughter. Does her business need to show an expense report for paying her daughter even though Tracy put it in an Roth IRA?Then during our letters segment we'll answer Corey's question about his retirement progress. How's he doing? Of course, we'll still have time for Doug's trivia.

Thanks also 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.

 

Jul 18, 2018
How I Retired Early: A Case Study w/ Fritz Gilbert
01:19:04

Do you ever find yourself sitting around wondering how someone retires early? Good news... we've been wondering the same thing. To answer answer all of our (and your!) questions about early retirement, we invited the man who has not only done it himself, but has been teaching other people to do it too, from TheRetirementManifesto.com, Fritz Gilbert.

Speaking of wonder....have you wondered how you can win that "free" luxury car in the mall? Ever think about writing down your information for a chance to win? As you've probably expected, there's a catch... and we'll share what it is on today's podcast. Plus, during the second headline, we'll cover why you shouldn't be so afraid of A.I. managing your money. We'll dive into what more AI means to the pros, and we think you'll like their point of view.

Then we'll throw out the Haven Life Line to Stevan, who calls in with a question about target-date funds. What should someone be looking at when they're trying to determine if a target-date fund is a good investment? Of course, we'll still have time to answer a letter from college student Tyler, who recently downloaded Acorns. Still being young, how should he be investing his money? And don't your worry, we'll still have time for Doug's trivia.

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

Thanks to Away for supporting Stacking Benjamins. Go to Awaytravel.com/sb and use the promo code sb to score $20 off your next suitcase!

 

Jul 15, 2018
Answer These 3 Questions About Money To Enrich Your Life (plus an intro to eBlocker)
01:05:56

It always pays to start with the end in mind, which may seem difficult, but one recent piece suggests that answering a few questions will help you crystalize your goals. For example, do you know what you'd do with your life if money wasn't an issue? What would your life's goals and aspirations be? What would change? To help answer today's big questions we invited Crystal Hammond from the SophisticatedSpender.com to join us, along with regular contributors Paula Pant from AffordAnything.com and Len Penzo from LenPenzo.com

Halfway through the show we'll talk to Kevin Ells from eBlocker. Tired of being tracked online? Want to stop companies from price discriminating against you? We'll talk to Kevin about eBlocker's nifty hardware that'll help you take back your privacy online.

We'll also save time for Doug's Friday the 13th trivia segment, and of course, we'll answer a three-oh call for help to the Blooom hotline. Mrs. Anonymous and her husband are starting a small local business as a side-hobby, with the possibility of scaling up to an online store. Should they start an LLC right away, or wait until they have some growth?

Thanks also 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 our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB. Time calls Honey "basically free money." We agree.

Jul 13, 2018
How To Slash Your Investing Risk (with Chris Cook)
01:10:46

Investing can be scary, especially if you're just starting out. What if your money evaporates overnight? What if some unforeseen event happens and my investments are wiped out? And with most of us relying on our investments to get us through retirement years, to pay for college, or other goals, it's natural to be worried. While we can't totally eliminate investment risk, we can do a pretty good job reducing risk... if you know how. That's why we're bringing the author of Slash Your Retirement Risk, Chris Cook, down to the basement. We'll talk to Chris about how you can make practical, safe investments to see you through your retirement years, and still keep the money rolling while you do it.

Then our headlines segment, UBS has been ordered to pay out millions in a Puerto Rico bonds claim. Plus, during our second headline we cross over to the other side and hear the confessions of a debt collector. Of course that's not all!  We'll throw out the Haven Life line to Mike, who has a pile of cash to invest. He already has a few ideas, but wants to know what we think. And in our letters segment Willis wants to know if taking the tax hit for a backdoor Roth contribution with his two rollover IRAs is worth it. Thoughts? And don't you worry, we'll still have time for Doug's trivia.

Thanks also 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.

 

Jul 11, 2018
Fun & Games and Wiping Out Your Student Loan Debt (with Michael Torpey and Natalia Abrams)
01:00:18

A game show made to wipe out student debt? That's right...coming to Tru TV is a new game show that's made specifically for that reason. If you're anything like millions of other people, you've probably had (or still have) the pleasure of dealing with student loans. Between ongoing bills and wallet stretching emergencies, it may seem like there's never enough money to go around. So what do you do? Coming to the basement to discuss the student loan epidemic, and to help YOU pay off some of your debt on his new show called Paid Off with Michael Torpey, we welcome....Michael Torpey. Also joining us is one of the people helping to lead the charge for student loan debt reform, the executive director of Student Debt Crisis, Natalia Abrams.

In our headlines segment, how would you like to get thousands of dollars for painting your front door? Okay... while it's not THAT simple, the idea still stands. New statistics show that painting your front door is one of the most cost-effective methods of increasing your home's value. And in our second piece, one ATM had over $17,000 shredded...and you won't believe how it happened.

And then, during the Haven Life Line, Kurt wants to know about jobs (other than a financial advisor of course) that deal with helping others financially. Of course, we'll still answer a letter, have time for Doug's trivia, and much more.

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

Thanks also to our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB Time calls Honey "basically free money." We agree.

Jul 09, 2018
Starting Your Rental Real Estate Empire with Brandon Turner (SB RWD 79)
01:06:49

Looking to jump into real estate? We're rolling back the clock to the time we talked to Brandon Turner from the award-winning real estate site, Bigger Pockets. He'll talk about purchasing, managing tenants and building wealth.

We'll also cover a couple of headlines about some hacks to make your life easier, and the deadly financial sins to avoid if you're not keen on handing your money over to crooks. Of course, we'll also answer some letters, get a dose of Doug's trivia, and much much more. 

The original show notes can be found HERE.

Jul 04, 2018