The Stacking Benjamins Show

Why aren't all big-money ballers able to pile up massive stacks of Benjamins? How come some average Joe earners can build significant wealth? On today's special roundtable episode, we dive into a blog post listing the top six reasons people who make big money can't save. One of the Top 100-rated financial planners by Investopedia in 2023, Elaine King, joined us. She's not alone, though. We also feature the creator of the award-winning blog Afford Anything, Paula Pant, and our own resident CFP, OG.

In the second half of the conversation, sponsored by DepositAccounts.com, we'll explore the actual benefits of relocating to save money.

Stick around for our year-long trivia competition inspired by our special guest, Elaine King's, home country of Peru.

FULL SHOW NOTES: https://stackingbenjamins.com/top-six-reasons-youre-not-rich-1528

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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Open AI recently survived a brutal firing/rehiring of their CEO and a complete board resignation. In the past, we've heard extensively from Sam Altman, the CEO of Open AI, but we haven't heard from the board. Today we use the words of a board member who's speaking openly for the first time to ponder the question, "Should YOU have a board of directors for your personal financial life?" We parse the words "board of directors" to determine what that really means, and we dive into how these relationships truly work. Should we except "hostile" advice from strangers? Should we consider our friends to be on our board casually? We explore all of these options and more on today's extended Wednesday headline discussion!

Of course, we feature a TikTok minute that you won't want to miss as one young woman discovers the true trap that taxes are on your ability to build wealth. Doug also supplies his amazing trivia, and of course, we also answer a call for help from a Stacker who thought, "I'd better call Saul...Sehy and OG."

FULL SHOW NOTES: https://stackingbenjamins.com/create-your-board-of-directors-1527

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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How much of your life is controlled by programming? If you're looking to make more money you have to look at what's blocking you today and transform yourself into an earning machine. It turns out that the key to earning more is right between your ears. Brandon Epstein works with top professionals (athletes, CEOs, entrepreneurs, and high-level executives) to help them achieve even more. You've heard us say many times that great people surround themselves with amazing individuals. Brandon IS that maker of amazing talent. He doesn't create talent. He teaches you how to tap the talent you know is waiting to be deployed. We'll talk about mental blocks, societal programming, identifying those blocks, and how to break free of them on today's podcast.

But before that we ask the question, can you trust online reviews? We not only walk through how many of your favorite sites are manipulating their review systems, but we also give you a better method to find and keep talented people around you (or amazing companies that you should work with). We also take a call from a Stacker who wonders how to invest money she's rolled over into her IRA, AND we dive deep on Doug's incredible trivia question.

FULL SHOW NOTES: https://stackingbenjamins.com/break-through-mental-blocks-achieve-success-1526

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.

Maybe the key to achieving happiness doesn't lie in being perfect (financially-speaking). Today we dive deep into striking the balance between channeling your inner Warren Buffett/Jack Bogle/Scrooge McDuck hybrid and channeling your inner Neighbor Doug at the special Summer Slam-Bingo-Ladies Night down at the Sizzler. Joining us on today's special roundtable discussion are: the woman who’ll help you get out of being miserably in debt, award-winning author, Erin Skye Kelly; the guy who helps people be responsible with their future money, the host of the Inspired Money podcast, Andy Wang; and the Scrooge McDuck of this here podcast, OG.

In the second half of the show, sponsored by DepositAccounts.com, we dig into how to make money a fun topic. Does being a mega tracker bring you anxiety? If so, maybe you should focus on putting savings first and then spending what's left over.

Finally, be sure to stick around for Doug's Benjamin stack-related trivia.

FULL SHOW NOTES: https://stackingbenjamins.com/how-to-maintain-happiness-and-be-good-with-money-1524

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.

Today high yield bonds are in the spotlight. A recent Wall Street Journal piece details how you can get eight percent currently in the bond market (which is a rate most stock investors would be happy to lock in). Why may this NOT be a good deal? Well, first you have to understand how bonds work. So, we'll explain that. Second, you'll have to understand the difference between buying a bond fund and a single bond. So, we'll also explain that. Third, we'll have to explain how many investors lose money because they don't understand concepts such as "risk premium." So, happy, we'll show you what that means. It's all things bonds on today's show!

But that's not all. Stacker Tom asked a GREAT question in the Stacking Benjamins basement the other day, because it's SUPER complicated. He asks about IRMMA, RMDs, and Medicare. Huh? We LOVE this question because it shows the depth of knowledge you'll need to have to get everything right...but also shows you how you do NOT need to know everything today/right now/immediately. We'll explain all of these terms on today's show (and also illuminate how frustrating the world of financial terms can be during our TikTok minute).

FULL SHOW NOTES: https://stackingbenjamins.com/bonds-hidden-risks-1524

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

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Learning a new language is difficult, and the language of money is no exception. Brian Preston from The Money Guys has created shortcut words and phrases like "financial mutant" to help you focus on what's important and ignore the rest. We'll discuss how to get started, the key moves to reach long-term goals, how to avoid making costly mistakes, and more. Whether you're someone just beginning your journey or a seasoned investor, there's a little something for everyone every time we speak with Brian.

In our headline segment, a publication decided to ask AI (Chat GPT) how to beat the stock market. The AI responded with advice, which we'll dive into thoroughly to see if this is the wave of the future. Even better news: beginning this week, we'll track this AI driven portfolio to see if it truly is a better way to invest than a collection of index funds (or just one index).

But that's not all. We also answer a question from a Stacker AND Doug shares his amazing trivia.

FULL SHOW NOTES: https://www.stackingbenjamins.com/become-a-financial-mutant-1523/

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.

Welcome to a very special roundtable edition of the show! On today's show, we're talking about debt, and how to use it (or avoid it) as part of your financial plan. We're joined by Afford Anything's Paula Pant; the host of The Personal Finance Podcast, Andrew Giancola; and the host of the Earn & Invest podcast Doc G!

In the second half of the show, sponsored by DepositAccounts.com, we dive into the possible positive effects that having a large amount of debt can have - in terms of constant motivation to make progress.

Be sure to stick around for Doug's mind-blowing trivia question about debt.

FULL SHOW NOTES: https://stackingbenjamins.com/the-role-of-debt-in-your-financial-plan-1522

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.

A recent major media outlet reports that people earning less than $50,000 per year aren't eating at restaurants as often as they did a year ago, and that eating away from home is becoming a trait increasingly more for the wealthy. Today we talk about not only this trend but others as we help you grab a firm hold on your wallet. One of the "big three" expense categories is food cost, and cutting your restaurant tab can be an effective way to sock more money toward financial independence. We'll share tools, strategies, and anecdotes from people who've successfully navigated the restaurant game on today's show.

Plus, we share a TikTok minute from one creator who's more than a little worried about homeowners and renters insurance. You'll hear why and how to make better decisions around these policies. Then we look at other communities online and answer random questions we've seen on the web that we think haven't been answered very well. We talk CD rates, driving for DoorDash, and more.

FULL SHOW NOTES: https://stackingbenjamins.com/state-of-restaurants-2024-1521

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

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Nothing says summer more than a trip to your favorite regional theme park. Whether with friends, family, or alone, a trip to a theme park can be either super expensive and tiring or a blast. So that's why our friend from Theme Park Insider, Robert Niles, is BACK to help us all kick off summer on the right foot, spending money wisely on experiences that will be memorable and fun. Not only will he help you save some money, but he'll also share tips on the hottest parks and attractions around the country. We'll talk about food (best food AND deals), thrill rides, family attractions, and more.

In our headline, OG and Joe dive into the exchange-traded fund (ETF) craze. People are pouring money into ETFs, but are they doing it wisely? In many cases, no. We'll share how exchange-traded funds work, which types are the best to choose from, and how to avoid getting caught investing in something that sounds great...but truly is not.

Of course, we'll also share Doug's trivia question about the biggest stock market drop of all time and FINALLY wrap up our 2024 "Joke Off."

It's another day of fun on the Stacking Benjamins show. As always, thanks to our sponsors, and enjoy another show where we're ad-free the ENTIRE second half of the show (as always!).

FULL SHOW NOTES: https://stackingbenjamins.com/theme-parks-summer-2024-1520

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.

At the end of the day, stacking Benjamins is all about living a better, happier life. But how can you achieve greater happiness while still on your stacking journey? That's what we're all about on today's special, all-about-happiness episode. We're joined by our special guest, host of the Best Interest Podcast, Jesse Cramer; a lady who knows plenty about the intersection of money and happiness, Paula Pant; and our own rainbow and unicorn ray of sunshine, OG!

In the second half of our discussion, sponsored by DepositAccounts.com, we dive into more of our favorite ways to improve your happiness.

Be sure to stick around for the ongoing year-long trivia competition as Doug brings a rainbow/magical wizard-related trivia question.

FULL SHOW NOTES: https://stackingbenjamins.com/how-to-achieve-happiness-1519

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.