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To kick off a contentious week for the USA, we share one of our FAVORITE stories about the thread that binds us, our goals, our dreams, and yes, even our money. Laura Schroff was a high-powered executive in Manhattan when her life was changed forever by an 11-year old boy. It's a story you won't soon forget. Plus, we're thrilled that Scott Trench, BiggerPockets CEO joins us as guest co-host. We talk about crypto, athletes, and their money. It's our favorite way to discuss how your own money decisions could be better made. We also dive into non-compete contracts. That world has been changing quickly, and we've got you covered.
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Have you ever felt overwhelmed by your finances? Do you find yourself either making purchases as "retail therapy" or avoiding looking at your statements and online accounts? Or maybe, on the other end of the spectrum, you find yourself hoarding cash because you don't know when the next "rainy day" is going to arrive? In all of these cases and more, you might be experiencing financial trauma, a topic that is the focus of today's Stacking Benjamins live round table at FinCon 2024 in Atlanta, Georgia. Hosted by Joe Saul-Sehy and featuring licensed family and marriage therapist Wendy Wright, certified financial planner Lawrence Sprung, and Afford Anything's Paula Pant, the discussion dives into the deep-seated emotional aspects of money. You'll learn about the signs of financial trauma, such as neglecting finances, overspending, and hoarding, and how these behaviors can impact your life. The panel offers insights into addressing and overcoming these issues, emphasizing the importance of compassionate curiosity and seeking professional help when needed. Whether you're living paycheck to paycheck or have a significant net worth, this episode will guide you on the path to better financial health and well-being.
RUN OF SHOW
Opening Banter and Introduction
Live from FinCon 2024
Meet the Panelists
Diving into Financial Trauma
Signs of Financial Trauma
Scarcity Mindset and Personal Stories
Cultural and Individual Financial Trauma
Judgment and Financial Secrecy
Inherited Wealth and Emotional Struggles
Behavioral Finance in Financial Planning
Building Compassionate Financial Relationships
Recognizing Financial Trauma: Hoarding
Societal Views on Hoarding vs. Saving
Personal Stories of Financial Extremes
Balancing Financial Planning and Living in the Present
Diagnosing Money Hoarding and Anxiety
Steps to Address Financial Anxiety
Exploring False Connections with Money
The Importance of Financial Planning and Adjustments
Tracking Spending and Financial Awareness
Principles of Financial Therapy
When to Seek Financial Therapy
Conclusion and Resources
FULL SHOW NOTES: https://stackingbenjamins.com/overcoming-financial-trauma-1595
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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Saknas det avsnitt?
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Today, we're joined by funeral director Scott Mueller, who shares invaluable advice on pre-planning your final expenses. Scott elucidates on the importance of making arrangements ahead of time and the benefits it brings to both you and your loved ones during emotionally charged times. Avoid common pitfalls and choose wisely to avoid turning your financial planning into a horror show. Trick or treat? More like protect your assets or weep!
In our headline segment, we delve into optimizing your homeowner's insurance with critical features like replacement cost coverage, special personal property endorsements, and umbrella policies. Discover how these essential elements can guard your castle and your treasures from life's unexpected frights. Finally, we lighten the mood with Doug's hilarious trivia and some fun Halloween anecdotes, ensuring you end this episode both smarter and happily haunted.
RUN OF SHOW
Introduction to the Witching Hour
Halloween Special: Stacking Benjamin Show
Meet the Funeral Director: Scott Mueller
The Importance of Pre-Planning Funeral Expenses
Personal Stories and the Emotional Impact
Trust Issues with Funeral Directors
Avoiding Funeral Scams and Making Informed Decisions
Pre-Planning: Burial, Cremation, and Other Options
Final Thoughts and Resources
Iconic Horror Movie Lines
Halloween Trivia and Chat GPT
Funeral Planning Stories
Umbrella Liability Insurance
Halloween's BEST Jokes and Wrap-Up
FULL SHOW NOTES: https://stackingbenjamins.com/final-expenses-planning-with-scott-mueller-1594
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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Today, we'll dive into an exciting financial education idea brought to us by award-winning columnist and host of The Money Life Show, Chuck Jaffe. Do you think Halloween's kinda boring for kids and just a sugar rush? Not at Chuck's house! Discover Chuck's innovative 'cash or candy' concept, transforming Halloween into a fun and educational game that teaches kids about probability, risk management, and decision-making. This unique approach blends Halloween fun with critical financial lessons, making it a memorable learning experience for children and parents.
In our headline segment, we explore some chilling retirement regrets shared in a compelling Business Insider article, highlighting common pitfalls and how to avoid them. We also discuss key strategies for better retirement planning, such as potentially delaying social security and being prepared for unforeseen emergencies. If you're worried about not having enough for financial independence, this may be the segment for you.
Lastly, we wrap up the episode with Doug's intriguing Halloween-themed trivia and a lively discussion about the NFL's global expansion efforts, including a look at watching football games in Germany. Join us for a fun and educational journey into the world of Halloween-fueled financial literacy!
RUN OF SHOW
Halloween Costumes and Banter
Salute to the Troops and Halloween Plans
Halloween Week Episode Introduction
Halloween and Money Lessons with Chuck Jaffe
Halloween Games and Economic Lessons
Chuck Jaffe's Halloween Tradition
Money Life Show and Financial Insights
Disturbing Ways to Make Money
Trivia Question: a Murderer's Profession
Pineapple Drinks
Headline: Retirement Regrets
Discussion on Retirement Savings
Client's Early Retirement Story
Janice's Regrets and Future Plans
Automating Savings and Easy Listening
Community Engagement and Reviews
NFL's International Games
Fun with German NFL Commentary
Christmas Movie Horror Parody
FULL SHOW NOTES: https://stackingbenjamins.com/halloween-money-lessons-with-chuck-jaffe-1593
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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Are you on the same page with your significant other? Financially speaking, of course! Given that money is the leading cause of divorce in the US, it's a topic worth working on together. And money talks in relationships don't just apply to romantic relationships - it can extend to include parent/child, etc. relationships. We're talking money and relationships on today's roundtable. Pull up a chair with Paula Pant from Afford Anything, OG, and special guest Doug Cunnington from the Mile High FI Podcast. This is an episode you don't want to miss!
In the second half of the show, we dive into the sensitive topic of what to do when you and your spouse can't agree. You won't want to miss this!
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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Today we share a fresh perspective on personal and financial risk, featuring the always insightful Len Penzo (LenPenzo.com). Joe, OG and Len will dive into the complexities of managing your 401k and understanding the risk tolerance required to meet your goals. We'll share pivotal strategies for effective retirement planning and hopefully help you grasp why taking enough risk is crucial, especially for younger investors who have time to recover from potential losses. Listen in as we explore investment behaviors versus portfolio performance and how emotional decisions during market fluctuations can impact your financial journey.
We don’t just tackle numbers here. We'll also examine whether widening your approach to include career risks and the often-overlooked social risks that can open doors to new opportunities is a good strategy. We'll talk about on growing your employment opportunities, ensuring long-term wealth, and balancing financial and emotional satisfaction. Plus, there just may be a slight amount of banter about Halloween treats, the joys of IRS conundrums, and the misconceptions of viral TikTok financial advice.
To top it all off, we may or may not share stories about Joe’s adventures learning craps in Las Vegas, revealing the thrills and lessons of gambling. If you're searching for lessons, it may include the importance of knowing when to walk away, and the camaraderie forged at the casino tables. Whether you’re tuning in for practical financial strategies or just to enjoy some relatable stories and laughs, this episode is packed with takeaways on looking at risk differently in every facet of your life.
Introduction to Debt Management
Welcome to the Stacking Benjamin Show
Discussing Risk with Len Penzo
The Fortune Cookie Incident
Understanding Risk Tolerance
Career and Social Risks
Halloween Treats and Risks
Stocking Up for Halloween
Diving into Risk Management
TikTok Minute: Career Success
Doug's Trivia: Understanding 1031 Exchange
Listener Question: Employer-Sponsored IRA Plans
Vegas Stories and Gambling Tips
FULL SHOW NOTES: https://stackingbenjamins.com/len-penzo-halloween-1591
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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Grab your coffee mug and join us for a journey full of strategic insights and valuable life lessons. Business legend Seth Godin joins us to share his wisdom on financial strategy and personal success. From college applications to wedding planning, Seth's advice on using a strategic compass over an outdated map will help you navigate big decisions and avoid wasting time and potential. Plus, we explore the balance between effortless yet intricate service and strategic pricing, advocating for value over cutting costs like Walmart because, sometimes, the tension in the experience is what makes it memorable and rewarding. There are plenty more actionable takeaways in our discussion with one of the most prominent gurus in marketing. Mainly, we delve into why having a well-thought-out strategy for life and personal finance can make all the difference. Learn from Seth's rich experience—from guiding startups to success to creating impactful strategies.
We also explore the historical strategies that have shaped businesses like Yahoo and Google. Seth emphasizes the importance of vocalizing strategies, balancing personal agency with systemic constraints, and the essential threads of strategy: time, empathy, games, and systems. Using personal finance as a lens, Seth helps you understand complex concepts in a relatable way, underscoring how strategic thinking can transform everything from wedding expenses to retirement planning.
Of course, that's not all. In our headline segment, we share the results of a recent study by Harvard, Vanguard, and others on 401k plan "leakage." New rules allow people to take annual withdrawals from their retirement plans. Will people abuse this new rule? The results of this study are surprising, to say the least. We discuss how to use 401k loans, why we don't favor them, and strategies to plug leaks so that your financial boat doesn't sink.
On top of that, we also share trivia from Doug and much, much more! This may be your favorite Monday on Stacking Benjamins!
Run of Show
Morning Optimism and Weekend Plans
Saluting Our Troops
Special Guest: Seth Godin on Strategy
The Importance of Strategy in Personal Finance
College Applications and Life Strategies
Seth Godin's Background and Achievements
Understanding Strategy: Time, Empathy, Games, and Systems
Walmart's Competitive Edge
Freelancing on Upwork: A Race to the Bottom
Justifying Higher Prices
The Power of Peer Groups
Mentorship vs. Peer Groups
Personal Experiences with Peer Groups
Trivia Time with Doug
401k Loans and Retirement Plan Leakage
The Importance of Cash Reserves
Upcoming Events and Meetups
Consulting Firm Anecdote
FULL SHOW NOTES: https://stackingbenjamins.com/create-you-life-strategy-with-seth-godin-1590
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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Have you ever met someone whose retirement was wrecked by poor tax planning? While tax planning is essential, one big-named figure in the financial community who's a tax expert says that tax planning may be over-emphasized. But is it? Today, we're joined by experts Deb Meyer (Beyond Budgets podcast), Sean Mullaney (FI Tax Guy YouTube Channel), and the guy behind the Earn & Invest podcast, Doc G. Our financial experts will debunk common tax myths and provide actionable insights for a secure financial future. They'll explore the essential differences between marginal and effective tax rates, and you'll learn how effective tax planning can positively impact your retirement. Discover how to leverage tax calculators to avoid dreaded tax surprises and understand the nuances between Roth and traditional retirement accounts. Our enthusiastic experts bring humor and real-life examples into the mix, making complex tax strategies accessible to everyone, whether you're an entrepreneur or planning for retirement. In the second half of our discussion, we shift focus to practical financial advice. Discussions revolve around the temptation to overly optimize tax shelters and the importance of balancing tax efficiency and accessible funds. We cover concerns about the 'tax torpedo' affecting Social Security taxes and highlight the nuanced approaches required for better tax planning in an investor's journey. The insights shared aim to demystify tax planning for listeners, helping them shape sound financial strategies tailored to their personal circumstances.
At the midway point, we'll pause for Doug's trivia question, today focused on a BIG tax case: Al Capone's run-in with the IRS. We'll share stories about his untaxed empire and discuss Walt Disney's clever tax maneuvers. We think you'll laugh through valuable tips on diversifying tax statuses and recovering tax bases. Hopefully, you'll leave with a better grasp of maximizing your tax efficiency and preparing for a financially stable future.
Ignition Sequence and Lift-Off
Introduction to the Stacking Benjamin Show
Meet the Hosts and Guests
Tax Talk and Trivia Teasers
Welcoming the Financial Experts
Diving into Tax Planning
Effective vs Marginal Tax Rates
Tax Planning for Entrepreneurs
The Importance of Tax Diversification
Trivia Challenge Begins
Al Capone's 1931 Income Mystery
Guessing Al Capone's Untaxed Income
Revealing the Real Answer
Financial Nerds and Tax Concerns
The HSA Debate
Annuities and Tax Gotchas
Cash Value Life Insurance
Podcast Highlights and Farewells
S-Corp vs Sole Proprietor
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Explore how to score big with creative income strategies with us! Today, we'll dive into an in-depth case study on private equity in professional sports teams and discover how to use similar strategies to increase your wealth growth. You'll learn actionable advice on maximizing revenue sources, including tactics like Roth IRA conversions, covered calls, and creative investments like drop shipping during retirement and car rentals. We'll share a host of diversified financial insights that can help optimize your assets...all while having a bit of fun along the way.
Later, catch our hilarious TikTok minute where we highlight a woman's misguided attempt to buy quarters on Amazon. In the 'Better Call Saul' segment, we tackle a listener’s question about retirement planning, providing practical tips that can be applied to everyday life.
Of course, you don't want to miss Doug's trivia segment, where you’ll gain intriguing knowledge, like the anniversary of Marie Antoinette's last day and the history of Cutco knives. Hopefully you'll walk away with both valuable takeaways and a smile.
Run of Show:
Unexpected Shopping Spree
Welcome to the Stacking Benjamin Show
Money Urologists and Case Analysis
The Value of Cash Payments
Inflation and Economic Insights
Private Equity in Professional Sports
Leveraging Personal Finances
Creative Income Streams
Maximizing Investment Returns
Flexibility in Financial Planning
Mark Cuban's Business Insights
Real Estate Ventures and Lessons
The TikTok Minute: Math Mishap
Trivia Time with Doug
Roth Conversion Strategies
Show Wrap-Up and Listener Review
FULL SHOW NOTES: https://stackingbenjamins.com/big-money-in-sports-1588
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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Do you think you're bad at math? Who doesn't! Whether you're an algebra whiz or struggle with subtraction, today's episode is for you. Join us as we dive into the exciting intersection of math and finance with Ben Orlin, author of 'Math with Bad Drawings.' We'll uncover the unexpected fun in mathematics and learn how understanding concepts like statistics and standard deviation can reveal the hidden stories within numbers. Ben's perspectives on embracing mistakes and the intrinsic link between math and finance offer a fresh look at these often daunting subjects.
In our headline segment, discover the top strategy for achieving millionaire status through consistent investment in--believe it or not--nothing fancy! Danny Noonan shares the results of Fidelity insights into the lives of '401k millionaires,' spotlighting the power of patience and discipline over high-risk opportunities, underscoring sustainable financial growth.
Finally, Doug enlivens the discussion with intriguing trivia on the differences between mean and median averages. Doesn't that sound hilarious?
Of course, there's much more, so join us as we weave together actionable financial advice with engaging stories, making complex concepts like math and finance accessible and relatable for everyone.
RUN OF SHOW
Monday Morning Vibes
Financial Wisdom with a Twist
Introducing Today's Mentor: Ben Orlin
Math and Bad Drawings
The Beauty of Mathematics
Breaking the Economy with Dice
Statistics: Lies, Damn Lies, and More
Tweaking the Guinea Pig Bed
Embracing Mistakes in Learning
The Power of Walking Away
Unexpected Solutions in Math
Good vs. Great Mathematicians
Math and Mentorship
The Collaborative Nature of Math
Understanding Averages
The Storytelling Power of Math
The Importance of Consistent Investing
Wrapping Up and Final Thoughts
FULL SHOW NOTES: https://www.stackingbenjamins.com/ben-orlin-sb1587/
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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Today's show tackles the age-old dilemma: is it better to have good health or more money during your retirement years? Join our lively roundtable as we discuss balancing financial planning with health priorities, featuring insights from Jesse Cramer of 'The Best Interest Podcast', Paula Pant from 'Afford Anything', and OG. Learn how different retirement stages can affect your spending habits, and explore creative ways to integrate health expenses into your financial plan. Plus, discover actionable tips on motivating yourself to stick to a healthy lifestyle and whether to invest in gym memberships or home equipment. Don't miss our contributors' take on the potential misuse of Health Savings Accounts (HSA) and their hilarious anecdotes about life and fitness.
Run of Show:
Introduction and Show Opening
Panel Introduction and Health vs. Wealth Debate
Segway and Scooter Anecdotes
State Farm Advertisement and Personal Stories
Health and Retirement Planning
Trivia Question and SNL Discussion
Comedian Salaries Revealed
SNL Cast Member Earnings
HSA: The Health Savings Account Debate
Navigating Healthcare Plans
Choosing the Right Workout Routine
Podcast Highlights and Upcoming Guests
Final Takeaways and Closing Remarks
FULL SHOW NOTES: https://www.stackingbenjamins.com/good-health-vs-more-money-retirement
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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A recent Investment News piece shines a light on investment advisors (in this case we think that should read "investment salespeople") are recommending some truly ugly investments to investors. We'll dive into how the work, so hopefully you'll discover why certain alternate investments might send alarming signals for your portfolio. We go back in history to share hints at market risks that often go unnoticed until it's too late. We'll talk about the dangers of illiquidity, high fees, and obscure ways of measuring returns. You'll come away learning some shocking truths about leveraged investments and alternative products that make you question their place in any strategy.
In our TikTok Minute, we'll share which bank one comedian calls the perfect partner for your needs. Is he right? Plus, later we'll help a listener who thought he'd Better Call Saul...Sehy and OG. Maybe OG needs to re-velvet his hammer on this one, and he manages to go into a diatribe that you shouldn't miss. We'll talk about career decisions, having more money than "Coast FI," and more on today's episode.
Rounding out the episode, Doug shares his amazing trivia question, including YouTube's billion-dollar origins AND a ton of other events that happened on today's date in history.
RUN OF SHOW:
Countdown to Live Show
Introduction and Show Overview
Investment Warning: Be Cautious
Investment Strategies and Mistakes
Alternative Investments: Risks and Rewards
Understanding Business Development Companies
The Reality of Non-Traded REITs
Final Thoughts on Liquid Investments
Interval Funds
Doug's Trivia Question
The TikTok Minute
Better Call Saul: Career Advice for Michael
Conclusion and Listener Reviews
FULL SHOW NOTES: https://www.stackingbenjamins.com/beware-investments-navigate-investing-waters
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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Josh Brown joins us on today's episode for a thoughtful investment discussion in Mom's basement. Discover why "buying the robots" is a must, why everyone having money is a big fat negative for the economy and more. It's a wide-ranging conversation with one of the top advisors in the USA, and we're excited about all that Josh will share with our Stacker audience.
In our headline segment, we'll discuss the importance of understanding insurance, especially in light of Hurricane Helene. Learn how to make your donations count and why revisiting your financial plan is essential for future confidence.
Later, we'll shift gears to Hollywood, where aging protagonists are thrown back into action. Jeff Bridges reunites with his past in a gripping FX series, while Gary Oldman’s stellar performance in Apple TV's 'Slow Horses' takes the spotlight, though its pace might test your patience. Don't miss the brief nods to John Lithgow and Stanley Tucci and a fleeting mention of Mel Gibson, rounding out an episode rich in actionable insights and entertainment industry intrigue.
Introduction and Apple Music Dilemma
Apple Maps and Pretzel Problems
Saluting the Troops and Show Introduction
Robots and Automation Discussion
Hurricane Helene and Financial Lessons
Retirement Planning Insights
Nvidia and Technology Takeover
Pandemic's Impact on Inflation
Media's Role in Financial Information
Hollywood vs. Reality: The Truth About Wall Street
The Wolf of Wall Street's Influence on Modern Traders
Josh Brown's Perspective on Market Culture
The Importance of Financial Designations
Hurricane Helene: Impact and Relief Efforts
The Real Cost of Insurance and Rebuilding
Charitable Giving: Time, Expertise, and Goods
Upcoming Events and Meetups
Final Thoughts and Takeaways
FULL SHOW NOTES: https://www.stackingbenjamins.com/josh-brown
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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Here's a shock: our least favorite brokerage company is in the news again with some monster hidden fees. Robinhood is accused of charging customers a huge "spread" between the amount option buyers pay and the amount sellers receive. While this isn't a charge on the statement, it's a lot of money (nearly double) that other companies charge.
This topic got us thinking: what hidden charges, expenses, and costs exist in our life that we overlook or choose to ignore? How much are all of THESE costs adding up? We have the perfect triumvirate for this discussion. Jen Smith, one half of the Frugal Friends duo joins us (they talk consumption non-stop on their podcast). Roger Whitney chimes in (his Retirement Answer Man helps people control excess costs in retirement or when prepping). OG also joins in, with all of his experience helping clients reach their goals. It's a wide ranging, fun discussion, from the cost of pollution to hidden Doordash costs we didn't know about!
Of course, halfway through this episode, we take a break to challenge these contributors to a round of Doug's epic trivia.
FULL SHOW NOTES: https://www.stackingbenjamins.com/hidden-fees-and-costs
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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Learn the secrets behind never worrying about saving money again! We share the story of an individual who invested early and effectively, reaching financial security by 25, and how YOU can apply these principles regardless of age. Our main discussion highlights how to achieve financial freedom and the importance of staying disciplined with your savings over time, offering valuable insights into the pitfalls and opportunities of early investing and the flexibility it can bring to your lifestyle choices later on. Plus, we explore the balance between traditional investments and investing in personal growth opportunities for a brighter financial future.
In our TikTok minute, comedian Greg Warren addresses compounding interest and how the accumulative consequences of poor decisions can pile up in life. This sets the stage for our Better Call Saul...Sehy and OG segment, where we tackle a listener's question about disability insurance, offering practical advice for securing comprehensive coverage and understanding the importance of one's own occupation policies. We provide actionable tips and clear explanations to help anyone navigate the often confusing insurance world.
Doug's trivia this episode revolves around the band Oasis and the quirky history of Ticketmaster fees, providing a nostalgic trip down memory lane for music fans. We wrap up with listener feedback, upcoming event announcements, and highlights like Joe's adventurous dining experiences in Peru (including some surprising menu items!). Tune in for a packed episode filled with financial wisdom, humor, and a dash of Doug's signature fun facts.
Show Rundown
Introduction and Setting the Stage
Welcome to the Stacking Benjamin Show
Today's Topic: Never Worry About Saving Money Again
Headline: What If You Never Had to Think About Saving Money?
The Power of Compounding and Investing Early
Challenges and Pitfalls of Early Investing
Flexibility and Lifestyle Changes
Starting Late: It's Never Too Late to Begin
Trivia Time with Doug
Money and Reconciliation
College Sales Experience
TikTok Minute: Comedian Greg Warren
Disability Insurance Dilemma
Listener Feedback and Reviews
Upcoming Events and Final Thoughts
Joe's Peru Adventure
FULL SHOW NOTES: https://www.stackingbenjamins.com/never-worry-about-saving-money
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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Jump into Monday with a whirlwind of money topics! We start by celebrating the arrival of fall and the excitement around baseball playoffs (especially for Detroit Tigers fans). But the real fun begins after we salute the troops and dive into the main event: a riveting conversation with Erin Wade, a former lawyer turned chef and entrepreneur. Have you ever thought you wanted to do more with your life than you currently do? Erin shares her tumultuous journey from corporate law to opening one of America's top restaurants, Homeroom, and drops valuable lessons on following your passions and creating a rewarding work environment.
During our headline segment, we discuss the recent Federal Reserve rate cuts and what it means for your finances. How can you benefit from lower interest rates? We'll dive into how interest rate cuts work and help the economy. We discuss what this means for your savings, debt strategy, and more. Plus, macaroni and cheese-related trivia AND—how to take your mac and cheese recipe to the next level!
Monday Morning Musings
Baseball Playoffs Excitement
Saluting Our Troops
Introducing Today's Guest: Erin Wade
Mac and Cheese and the Holiday Season
The Journey to Entrepreneurship
The Importance of Passion and Play
Challenges and Triumphs in the Restaurant Industry
Empowering Teams and Open Book Management
Mac and Cheese Tips from the Expert
Mac and Cheese Tips and Tricks
Doug's Mac and Cheese Trivia
Powdered Cheese and Nostalgia
Federal Reserve and Interest Rates Explained
Impact of Interest Rates on Loans and Economy
Credit Scores and Mortgage Tips
Car Market and Financing Insights
Upcoming Events and Closing Remarks
Post-Game Press Conference
FULL SHOW NOTES: https://www.stackingbenjamins.com/erin-wade-from-attorney-to-mac-and-cheese-millionaire-1581/
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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Today we focus on accountability, diving into what it means to be responsible for your financial decisions. One recent blog post states that it's easier than ever to get yourself into massive trouble with your money. To what extent is this your fault? How can you protect yourself better from making a mistake that leaves you in financial ruin? We discuss the rapid pace at which bad decisions can be made due to modern conveniences like apps and online services. Jesse Cramer (Best Interest Podcast) emphasizes the importance of finding a 'bigger Yes' to avoid impulsive spending, while Paula Pant (Afford Anything) speaks on the broad accessibility of money-making opportunities in the digital age. OG suggests taking actionable steps towards financial goals to keep the momentum going.
Today's trivia quiz is all about the history of 'The Tonight Show,' and maybe features a tangent or two about toga parties. For a bit of drama, there's a video clip debunking myths about cash value life insurance. Overall, as always, today we bring you an engaging mix of humor and practical financial advice.
Introduction and Opening Remarks
Show Introduction and Guest Lineup
Welcoming the Hosts and Guests
Discussion on Accountability and Financial Responsibility
Main Topic: The Degenerate Economy
Debate on Government Intervention and Free Market
The Role of SEC and Financial Disclosures
Gambling, Lotteries, and Financial Ethics
Trivia Contest
Nostalgia and TV Memories
The Tonight Show Timeline
Guessing the Debut Year
Revealing the Correct Answer
Financial Advice and Scams
Creating a Financial Plan
Weekend Plans and Wrap-Up
FULL SHOW NOTES: https://stackingbenjamins.com/taking-personal-responsibility-for-your-finances-1580
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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What does retirement mean in today’s world? For some, it's no longer about quitting work for good but about transitioning to something more purposeful and fulfilling. Today, Joe, Doc G, and our guests explore the many facets of retirement, purpose, and the balance between work and personal passion. Join us as we take you to CampFI Midwest 2025, where we'll share stories from amazing Stackers on their journey to financial independence. Discover how Kristen finds community and purpose, Donna navigates significant life transitions, and Tom redefines retirement with passion and flexibility. You'll also hear Joe Saul-Sehy discuss misguided stock purchases, Chris's investment in outdated tech, Kristen's high-fee investments, Jordan's tech stock downturn, and a humorous tale of timeshare regret. Tune in for actionable insights, personal experiences, and valuable lessons that highlight both the triumphs and challenges faced by even the most intelligent investors.
Topics:
Introduction and Setting the Scene
Campfire Guests and Trivia Contest
Doug's Hilarious Commentary
Journey to Campfire and Minnesota Vibes
Inspiring Stories and Personal Growth
Kristin's Journey to Financial Independence
Trivia Challenge Begins
Chelsea Brennan's Bold Move
Guessing Game Tension
Doug's Hitchcock Trivia Answer
Donna's FIRE Journey
Financial Empowerment and Mindset
Tom's Story and Retirement Insights
Lessons from CampFI
Dumb Money Mistakes That Smart People Made
Whether you're planning for retirement or just looking for inspiration to find more meaning in your second half, this episode is packed with insights, laughs, and the wisdom of experience.
What You’ll Learn:
How retirement has evolved from leaving the workforce to finding purpose.
Why it's important to fill your time with meaningful activities, paid or unpaid.
The concept of "strength to strength" and how it shapes a fulfilling second half of life.
Financial lessons and humorous stories from our hosts and guests.
How to avoid common money mistakes, and what to do if you've already made them!
FULL SHOW NOTES: https://stackingbenjamins.com/live-from-camp-fi-1579
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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Wealth historian Megan Gorman stops by the basement and drops intriguing nuggets on how U.S. presidents like FDR and Ulysses S. Grant navigated their finances. There are many lessons you can learn from these iconic figures. Later, our headline conversation meanders through ERISA's 50-year legacy and political party impacts on investments, preparations unfold for an RV trip to Oregon. The adventure continues with exotic travel stories, packing tips, and reflections on Dave Barry's life lessons. Listener engagement and very-important debates, including daylight savings time, ensure there's never a dull moment! Join the lively trio of Joe, OG, and Doug as they blend retirement strategies with a dash of humor, exploring everything from coffee mugs to memes.
00:00 Coffee Mug Conundrum
01:43 Welcome to the Stacking Benjamin Show
04:53 Presidential Finances with Megan Gorman
06:57 FDR's Lobster Investment
13:12 Biden and Trump's Real Estate Ventures
20:22 Calvin Coolidge's Financial Anxiety
25:38 Ulysses Grant's Financial Struggles
32:56 Lessons from Presidential Finances
37:22 Shawshank Redemption Anniversary
38:12 The Shawshank Redemption's Box Office Struggles
38:57 Trivia Time: John Travolta's Box Office Hit
39:31 Ohio's Role in The Shawshank Redemption
40:24 Ulysses S. Grant and Investment Strategies
41:46 College Application Essays: Writing vs. Storytelling
45:20 The Impact of ERISA on Retirement Planning
49:19 Maximizing Your 401(k) Benefits
56:20 Investing Through Political Cycles
01:03:48 Stacking Adventures: New Podcast Announcement
01:08:40 Dave Barry's Life Lessons
01:16:52 Final Thoughts and Farewell
FULL SHOW NOTES: htttps://stackingbenjamins.com/presidents-and-their-money-1578
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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Game Show Fun and Financial Missteps with the Stacking Benjamin Show
On today's popular game show segment we present: '15 Ways to Lose Money in the Financial Markets,' where contributors Jesse Cramer, Paula Pant, and OG explore investment pitfalls. The show presents financial advice in a light-hearted, engaging format, complete with a trivia question celebrating author George RR Martin’s birthday. Contributors discuss speculative trading, panic selling, margin investing, and more, ending with practical takeaways on avoiding investment mistakes. The episode is rounded off by discussions on meme stocks, game shows, pop culture, and practical financial planning tips, all with the usual fun and wit of the Stacking Benjamin team.
Introduction and Opening Remarks
Meet the Contributors
Game Show Begins: 15 Ways to Lose Money in the Markets
Round One: Poor Investment Decisions
Round Two: Strategies to Avoid
Trivia Break: Game of Thrones Special
Guessing the Number of Deaths in Game of Thrones
Counting On-Screen Deaths: The Research
Wildfire Explosion and Mass Casualties
Final Guesses and Results
Discussing Game of Thrones Infographics
Meme Stocks and Financial Decisions
Ways to Lose Money in the Market
Podcast Updates and Weekend Plans
Closing Remarks and Lessons Learned
FULL SHOW NOTES: https://stackingbenjamins.com/how-to-lose-money-in-financial-markets-1577
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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