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The Stacking Benjamins Show

10 Habits to Become a Better Investor (plus the Evil HR Lady)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 26 February 2021

⏱️ 84 minutes

🧾️ Download transcript

Summary

Whether you've been investing for a week, for years, or anything in between, it's always a good idea to keep the fundamentals in mind. BUT....on the other hand, we love to have fun, and it's Friday after all! That's why today we're treating you to a Stacking Benjamins game-show version of "Guess the 10 Habits to Become a Better Investor!" We pulled a piece from M1 Finance listing their top 10 habits, and on this episode, we'll quiz our contributors on which strategies made the list. Not only do you get great investing tips from each of our three contributors, you'll find yourself laughing so much you won't realize you've learned a thing... until it's too late. Playing the game-show with us, we welcome Don McDonald from TalkingRealMoney.com, Paula Pant from Afford Anything, and Len Penzo from the LenPenzo.com blog. Think it's too late to make a career change? After we crown our game-show champion, we'll talk big career moves with the Evil HR Lady, Suzanne Lucas. Are you anxious about making an industry change? Think you've sunk too much time to make a move for your happiness? We'll talk sunk costs (both monetary and emotional), following your happiness, and the realities of leaving behind a career you've spent a considerable amount of time in - and the truth is probably brighter than you think. What should you do with you investments when you have large upcoming purchases? We'll finish our show today with a MagnifyMoney question from caller Debi, who tells us that she's looking to buy a home or condo in the next few years. She would like to acquire a few more properties after that and start to rent them out for passive income. Plus, she has a $10,000 savings bond that will mature in August 2021, along with another $10k each in savings and Robinhood. Our contributors give Debi some much-earned congratulations and advice on how to best position her money in the mean time. As always, we'll save some time for Doug's trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm David Hirsch, and when I'm not hosting the Dad-to-Dad podcast for the Special Fathers

0:04.8

Network, which is a Dad-to-Dad mentoring program for Fathers Raising Kids with Special

0:08.5

Needs, I'm Stacking Benjamin's.

0:30.0

I'm Joe's mom's neighbor, Doug, and it's Game Show Day here in the basement.

0:34.1

Joe's got on his 70s leisure suit and is loaded up the canned crowd noise, so we're ready

0:39.8

to roll.

0:40.8

Joining us from the Talking Real Money Podcast, it's our friend, Don McDonnell, and from the

0:47.0

Afford Anything Podcast, it's Paula Pant.

0:50.4

Last, from Len Penzo.com, say hello to Steve Harvey.

0:55.9

He's in the middle of a huge family feud apparently, so instead, when we surveyed a hundred

1:01.2

people about who's most likely to be founded a bunker, we got the number three answer,

1:06.5

Len Penzo.

1:08.5

Plus, is it ever too late to start your career over?

1:12.8

With thoughts on that topic, we'll welcome the evil HR lady herself, Suzanne Lucas.

1:19.3

Later, we'll magnify Debbie's money.

1:22.2

She's looking to start her rental empire and wants tips on how to secure her first condo

1:27.4

in the next several years, and the price is right for my trivia.

1:32.5

It's absolutely free, and we'll not disappoint.

1:36.9

And now, a guy who's the weakest link on this show, Joe Saw, see how.

1:47.4

Unfortunately, I don't get to say goodbye, isn't that what she said?

1:50.3

You are the weakest link, goodbye.

1:51.5

I'd like to say, yep, no show, goodbye.

...

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