The Stacking Benjamins Show

It's hard to believe the year is almost over, Stackers. To end the whirlwind of 2021, we're giving you a jam-packed week of FIRE episodes, starting with the Mad Fientist. Ever thought about joining the FIRE movement? He may just push you over that edge to try it.

This episode originally aired in 2017 so ignore any mention of current events. Check out our original show notes here.

Enjoy!

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On Wednesday, Clark Howard shared his lessons from 2021. What did we learn from another trying year? Today our roundtable shares their lessons learned. They talk about crypto, inflation, meme stocks, and more. Paula Pant, Len Penzo and OG make up our roundtable today. It's also the last live episode of the year, which means we finally find out who wins our year-long trivia challenge! It's a fun one today!

Enjoy!

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Ready for a bright and shiny 2022? To get there, we'll dive into the last twelve months with special guest Clark Howard. What were the big money lessons? What should we have learned from them? As always, Clark doesn't look at events the same way you might, so it's a refreshing look at where we're headed. Plus, you'll get some valuable tips to manage your money better.

During our headline segment, we'll talk about an investor you may not have heard of, named Wilmot Kidd. His track record is as impressive as Warren Buffett. How did he do it? We'll share what made him successful.

Of course we'll still share Doug's trivia and throw out the Haven Life line to a lucky listener.

Enjoy!

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Remember PEMDAS from math class? Yeah, neither do we, it's the order of operations for solving math problems. It has something to do with parentheses and subtraction. Today, we are solving a different math problem: your financial plan. Joe and OG share the order of operations for your own financial plan. Not sure where to start? We've got you covered. In the middle of your plan and stuck on where to go next? Great! We have the next steps for you.

In our headline, we talk about ETFs and their exploding popularity. How do they differ from mutual funds and which is a better option? We dive in. Then we help answer Julia's question about co-signing a loan for a family member.

Enjoy!

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If you had unlimited time, what's the biggest goal you'd like to achieve? With enough time, we can accomplish a lot, and maybe almost anything. If time and resources are scarce though, prioritizing goals is even more important. Our roundtable today discusses the long-game when it comes to life, business and our money. Does playing the long game when it comes to our money pay off? Doc G, Paula Pant, and OG fill our roundtable and share their thoughts.

Enjoy!

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Last week we talked about one of the certainties in life: taxes. Today, we tackle what to do before the other certainty. David E. Edey went through his own family troubles when settling his parent's estate, spending seven years and over $50,000 on attorney fees. Why? His siblings fought over the inheritance. The phrase "inheritance curse" is too real for some families who've spent countless time and money fighting. Now David is sharing lessons he's learned to help us all put our estate in order now to avoid headache for others later.

During our headline segment, we'll talk about another purchase feeling the sting of inflation: the Christmas tree. That's right, inflation isn't hitting just food and gas. Just how much are prices rising? And how can we adjust our budget for inflation? Joe and OG will dive in. We'll also answer Daniel's question about company stock and Doug will share his mind-bending trivia.

Enjoy!

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"Hi there, I'm just calling to let you know that the extended warranty on your car...blah, blah, blah..." There are thousands of very real and sophisticated scams that rope people in every day. Nev Schulman is all too familiar with catfishing, experiencing it firsthand when he thought he was talking to a woman online but realized she wasn't who she said she was when they met in person. Now, he's partnered with Zelle to help others avoid financial scams. Today he shares red flags and helpful tips when dealing with financial transactions online.

In our headline, we're talking about gold and silver under the mattress and how it turned into big trouble for one couple to the tune of a $300k IRS penalty. It turns out, storing gold and silver in your house is a no-no in this situation and we break down why, exactly what happened, and how you can avoid making similar costly mistakes. We'll also help Rina, who has a question about fees within mutual funds.

Enjoy!

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Have you ever been asked by a coworker or friend how much you make or how much money you have? It can be an awkward conversation if you aren't expecting it! Or have you had someone openly tell you about their net worth or income? Our background with money, and even our career, can shape how we talk about money with others. Should we be sharing our salary information with coworkers and sharing our net worth with our friends and family? While it might seem awkward, there might also be a lot of good that can come from those conversations.

Our roundtable panel today is talking about this topic of stealth wealth. Hassan Thomas from FYI FLI, Paula Pant and OG share their thoughts on talking about wealth and income.

Enjoy!

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Our good friend Ben Franklin said the only things certain in life are death and taxes. Since we are coming up on year-end, we'll tackle one of those certainties (you're on your own with the other). To help us, tax expert Ed Slott is back! He'll help you get your finances in order before year-end to avoid any tax surprises in April. Should you convert your IRA to a Roth? What's the contribution deadline for retirement accounts? What changes might be coming in future legislation? Ed's commenting on it all with us today.

We'll also talk about regulation in cryptocurrency during our headline segment. One of the main benefits of cryptocurrency has been the idea that it is unregulated, but the U.S. government is trying to change that. Although the SEC can't agree, will they consider crypto a security and therefore have regulation over it? We'll share the latest details! We'll also tackle 529 and college saving plans during our Haven Lifeline.

Enjoy!

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Getting started on your personal financial journey is the hardest part. Where do you start and how do you get that first Benjamin stacked? And then how do you make sure to keep those Benjamins safe and make them work for you? Lucky for us, Emily Guy Birken and our very own Joe Saul-Sehy wrote a book that dives into personal finance and offers real, practical tips and strategies to help you be successful. Humor and easy-to-follow action items make it a great way to jump into your own journey. They are here today and were interviewed by Doc G from the Earn & Invest podcast to share behind the scenes stories of how the book was written and some of the points they dive into in the book.

During our headline we'll talk about those old sales tactics of playing rounds of golf and going out for extravagant dinners to get clients and why some millennials aren't buying it. Financial advisors have more responsibility than just investing your money but some young people are choosing to manage their own investments and explain why. Plus, Doug will share some trivia.

Enjoy!

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