The Stacking Benjamins Show

By Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFPBusiness Education Investing

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The Stacking Benjamins Show episodes

July 01, 2024 How To Get Out Of Your Own Way (with one simple tool) SB1538 - Greatest Hits
Ever look at yourself in the mirror? Of course, you have! How often have you had to tell that person looking back at you to get out of the way? If you’re like us, A TON. Mel Robbins discovered that one simple gesture in the morning can make all the difference in our decisions. She’ll share details of her own journey to success after financial hardship and how five seconds and high-fives changed her outlook. High fives aren’t just for big accomplishments or a way to communicate with friends. You can (and should) give yourself a high five every day for all the successes in your life, no matter how insignificant they may seem. Mel dives into the science behind how these small habits changed her life and how they can change yours, too.
We are back teaching you about annuities during our headline, and one annuity company is pleading to independent financial advisors to give their products another shot. Annuities aren’t always painted in the best light, and we’ll hear what this company is doing to change that. During our Magnify Money voicemail, Roy wants to pick Joe and OG’s brains about their asset allocation. And, of course, we’ll include some of Doug’s trivia.
This show originally aired in September of 2021, so please ignore any mention of current events. You can find the original show notes here: How To Get Out Of Your Own Way With One Simple Tool (with Mel Robbins).
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!

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1 hr 9 min
June 28, 2024How To Invest Like a Middle-Age Woman (SB1537)
Is the secret to investment success all about making your decisions as if you were a 50-year-old woman? We tackle that take on today's roundtable discussion. We're joined by one of the best voices who gives investing advice online, Brian Feroldi. He's joined by the lady who knows all about making wise investing decisions, no matter your age, Paula Pant. And finally, we also feature the advice of our in-house financial planner (who happens to have the temperament of a 50-year-old woman), OG.
In the second half, brought to you by DepositAccounts.com, we continue down the list of how to win by investing like a 50-year-old woman.
And, finally, be sure to stick around for Doug's sky-high stock-institution trivia. It will surprise you!
FULL SHOW NOTES: https://stackingbenjamins.com/invest-smarter-think-like-a-50-year-old-woman-1537
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

During our conversation, you'll hear us mention:
Sticking to your investment plan, even in times of market correction.
Why "this time is different" is a dangerous mindset.
Weighing the long-term risk-reward relationship.
The benefit of indexing.
Investing according to your time horizon and risk tolerance.
The fallacy of trying to time the market.
Dollar-cost averaging.
How to resist the temptation to tinker with your investments.
How to trick yourself from reacting to every piece of news.
How to avoid FOMO.
Why you shouldn't care about what others think.
Stop comparing yourself to others.
Allowing yourself to allocate a small amount of your portfolio to taking outsized risks.
Investing in individual stocks if it works for you.
Allocating a limited amount of time to making investment decisions.
How to distinguish between sound advice and not-so-reputable salespeople.
Use good judgment when deciding whose advice to follow.
Finding the investing style that works for you.
Learning from failure.

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59 min
June 26, 2024How To Stage Your Own Money Revolution
Time to revolt! Tired of thinking everyone else is in control when it comes to your money? The grocery store, utilities, retirement plans and their fee structures...everyone wants a piece of you, don't they? Well, today, that all changes. We're burning down ideas like high-interest debt (or debt at all), kids eating your entire budget, needing a million dollars to retire, and other tired ideas. We'll swap these and other ideas out for useable tips and ideas to help you revolt and build your own financial freedom.
Our headline today features a top economist who says the idea of retiring with a million is too much. You can retire on much, much less. We'll share why we agree today, but do you really want less?
Our TikTok minute is about budgets. Who can afford the fresh produce area of a grocery store?
The Better Call Saul... Sehy and OG segment features Dave, who wonders about credit card reward points. Should he begin taking advantage of them?

FULL SHOW NOTES: https://stackingbenjamins.com/how-much-do-you-need-to-retire-1536
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
50 min
June 24, 2024The 5 Emotional Stages AFTER Financial Independence - with Douglas Tsoi (SB1535)
Do you think, "I've made it once I reach financial independence?" Douglas Tsoi has been "retired" for over ten years and will tell you, "Not even close."
For all of us, a new journey begins once we reach financial independence. What does this look like? How can we prepare? Today, Douglas sits down with Joe Saul-Sehy to dive into the five stages we all experience after reaching what many think of as the finish line.
In short, we'll discuss:
The fallacy of "I'm done"
The reason why people are afraid to retire, even though they may say otherwise
The darkness phase of "is this all there is?" and how to fight it
The joy of finally realizing that, after the emotional journey, you can flip into a new, gratifying state.
In our headline, we'll share a story about two executives in court because their investment scheme was "built on lies." This company promised eight percent returns without volatility. What's wrong with that? We'll walk through:
How companies make money and why volatility is always EXPECTED with an eight percent return.
Historical returns for asset classes, including the much-maligned international and emerging markets asset classes. Will they ever outperform again?
We'll share several ways people try to even out returns to ATTEMPT, including what these alleged scammers said they could do (and couldn't).

But that's not all. Of course, we'll also share Doug's amazing Formula One trivia question and much, much more.
FULL SHOWNOTES: https://www.stackingbenjamins.com/emotional-stages-after-financial-independence-douglas-tsoi
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 hr 8 min
June 21, 2024Our BIGGEST Budget "Gotchas"! (SB1534)
What are the biggest fifteen items on most budgets that can derail your spending plan? One blogger, our friend Allison Baggerly at InspiredBudgets.com, made a list.
Today we use that list as the basis of a game show episode! Paula Pant (AffordAnything), Doc G. (Earn & Invest) and our own OG go head-to-head in a match to figure out which items made Allison's list. The best part? Even when their guesses are wrong, they bring up MANY budget busters that can help all of us do a better job fixing the holes in our spending plan.
Topics we cover:
Gifts
Taxes
Auto maintenance
Pet care
Holiday spending
Medical deductibles/costs
...and much more. We also share MANY solutions to plug the holes in your budget.
AND if that weren't enough, we pause at the halfway point of our conversation for our normal trivia competition (a competition inside of a competition? Meta!)
FULL SHOW NOTES: https://stackingbenjamins.com/budget-gotchas-1534
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 hr 1 min
June 19, 2024How to Structure an Effective Emergency Fund
Even if you only have $500 in your emergency fund, today we reveal why having this money in the right place can yield BIG dividends. If you have your $500 in an account paying the average rate, you'll make around $2.50 in interest per year. Yet, by moving these Benjamins to a well-structured emergency fund, you could earn around $22.50. Doesn't sound like much? Assuming this takes 30 minutes, we're talking about earning $40 an hour! That's a GREAT rate of return on your time invested.
Episode Overview
Why Your Emergency Fund Matters More Than Ever:
Ever wondered where to stash your emergency fund for the greatest benefit? With rising interest rates, it’s a discussion worth your time. We’ll cover:
How much should you keep in your emergency fund?
Avoiding common pitfalls.
Understanding the differences between money market accounts, high-yield savings accounts, and other options. And yes, we clarify all this mumbo-jumbo so you can actually understand it!
(What are YOUR thoughts on emergency funds? Share with us on Instagram or on Facebook!)
Segment Highlights:
TikTok Minute: What’s “guy math”? We’ll dive into this fun trend and how it compares to “girl math.” This guy applies girl math to his tool collection. What could go wrong?
New Segment Debut: Sometimes, online advice needs a second opinion. Hear OG’s take on some questionable financial tips. Today, we open with Sammie, who is asking for help with her 401k. As you can imagine, any time you ask for advice on the internet, it goes downhill quickly from there. If you see horrible advice in a financial forum, send it to us! (joe at stacking benjamins dot com)
Doug’s Trivia: Test your knowledge with Doug’s latest trivia question and much more! Today, he dives into Federal holiday trivia to celebrate Juneteenth.
Join the Community:
For deeper dives, curated links, and exclusive discussions, subscribe to our newsletter, The 201. Join the Stacking Benjamins community and let’s achieve financial success together!

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49 min
June 17, 2024 Let's Save a Bundle on Taxes (with Hannah Cole) - SB1532
Tax planning in June? Of course! Why would you wait until next year, when you can't make ANY financial moves that save you money, to start figuring out how to cut your tax bill? Right now, at nearly the halfway point of the year, we'll dive into how to understand your taxes and make cuts with our tax planning mentor, Hannah Cole. Hannah will walk us through tax savings ideas for everyone, and then we'll focus on those people who have either started a side hustle or who are entrepreneurs and share some great tips for business owners. Even if you're just dreaming about having a business or "working for the man," we've got you covered.
Plus, in our headline segment, two brothers woke up one day this spring and found themselves disinherited, losing out on approximately one million dollars! How did that happen? It could have all been avoided, and YOU can avoid this problem too. We'll walk you through HOW to make sure your beneficiaries receive the funds you've decided should go to them. We'll also explain how wills and trusts work, and get you started toward building a better "estate plan."
Of course, Doug brings his awesome trivia challenge AND we answer a question from a Stacker in need.
FULL SHOW NOTES: https://stackingbenjamins.com/tax-planning-year-round-1532
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 hr 12 min
June 14, 2024 Your 7 Biggest Retirement Money Headaches (SB1531)
How are you preparing for retirement? Have you looked at all of the dimensions to ensure you have a successful, long runway of money always available? On today's special roundtable episode, we dive into a piece that claims there are seven things you need to do in order to be prepared for retirement. Joining us are: Don McDonald from the Talking Real Money podcast, Paula Pant from Afford Anything, and OG.
In the second half of the show, sponsored by DepositAccounts.com, we dive into risk mitigation, the importance of maintaining adequate cash reserves while in retirement, and keeping a historical context of current events.
Be sure to stick around for the yearlong trivia competition with Doug's baseball-themed trivia.
FULL SHOW NOTES: https://stackingbenjamins.com/moves-to-make-before-retirement-1531
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!

Learn more about your ad choices. Visit podcastchoices.com/adchoices
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 hr 8 min
June 12, 2024 All About Vesting Schedules and Stock Market Predictions! (SB1530)
There’s another lawsuit brewing in the world of retirement planning. This time, participants in a 401(k) plan in California are raising concerns about how Qualcomm is handling the money forfeited when employees don’t complete their vesting schedules.
Vesting schedule? What’s that all about?
Today, we'll break down everything you need to know about vesting schedules, so you can navigate your job benefits with confidence. Whether you’re dealing with a vesting cliff or a staggered vesting schedule, we’ve got you covered. We’ll explain how they work, the taxes involved, how to plan around them, and how to think about any money that isn’t fully yours yet. Plus, for business owners, we'll discuss how to balance keeping talent with implementing vesting schedules. Get ready for a fun and informative session on one of the trickier aspects of financial planning!
In our TikTok minute, we’re sharing a clip from Fox News where a contributor predicts what will happen to the stock market if Trump is convicted after his recent trial. Spoiler: He was convicted. Let’s see if his prediction came true and how it might impact your money.
We also have a note from a fellow Stacker who thought, "I better call Saul...Sehy & OG." He’s worried about contributing to a Roth IRA because his income is too high. We’ll discuss strategies like backdoor Roth contributions, Roth 401(k) plans, and some of the tricky rules around Roth IRA conversions that can trip people up.
And of course, we’ll share a fun trivia question from Doug, sit on the back porch, and so much more!
FULL SHOW NOTES: https://stackingbenjamins.com/all-about-vesting-1530
For deeper dives with curated links, topics, and discussions, check out our newsletter, The 201, at https://www.stackingbenjamins.com/201
Enjoy!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 hr 1 min
June 10, 2024 The 2024 FinTech Disaster: What You Need To Know (AND the Fascinating History of Banking w/ Paolo Zannoni) (SB1529)
Unlocking the FinTech Disaster: What You Need to Know
You might not know it, but a huge number of people have their money trapped in a recent FinTech crisis. When the middleman company Synapse went bankrupt, it froze funds in many popular FinTech apps, including Yotta, a sweepstakes app that makes saving money fun. Will Yotta and other affected FinTech companies be able to return their users' money? What does this mean for the future of FinTech? Is more legislation on the way to prevent this from happening again? While new updates are rolling in daily, we’ll break down what we know and how it impacts your finances.
The Fascinating History of Banking
Later in the show, we'll dive into the history of banking with our mentor for the day, Paolo Zannoni. Paolo is the deputy chairman of Prada, a historian, and the former head of operations for Goldman Sachs in Russia. He'll reveal that while today's FinTech issues might seem new, they’re part of a repeating historical pattern. Learn how modern banking originated in Pisa, the relationship between banks and credit, how minting money sped up the creation of banks, and how banks and governments have collaborated for centuries.
Better Call Saul... Sehy and OG: Setting Savings Goals
In our Better Call Saul... Sehy and OG segment, a Stacker mom seeks advice on helping her twenty-year-old daughter set savings goals. The young woman is great at saving but isn’t sure what to save for. We always say, "Begin with the end in mind," but what if you don't know what "the end" looks like? We’ll discuss practical steps to find and set meaningful savings goals.
Plus...
Don't miss our memorable back porch discussions, Doug's always-entertaining trivia, and much more!
Join the Conversation
For deeper dives with curated links, topics, and discussions, subscribe to our newsletter, The 201, at stackingbenjamins.com.
Enjoy the Show!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 hr 10 min

About The Stacking Benjamins Show

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Named Best Personal Finance Podcast by Bankrate.com and Kiplinger — and the only podcast the Plutus Awards retired from competition after winning twice — The Stacking Benjamins Show is personal…