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The Stacking Benjamins Show

3 Big Ideas for Your Financial and Mental Health (plus an intro to BlueChxp)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 24 April 2020

⏱️ 63 minutes

🧾️ Download transcript

Summary

People (and that includes us!) tend to react emotionally to big change. For us, that's running out of pizza rolls, but when it comes to money, that often means investors can make a bad situation worse by thinking with their heart instead of their head. Today we're going over the coronavirus financial checklist: steps you should be taking not only to make sure your financial bases are covered, but your mental health as well. Pete the Planner from Hey Money! joins Paula Pant and OG on today's show to tackle the best ways to weather any financial storm. Halfway through the show we'll take a break from our financial checkup and turn our attention to our Friday Fintech segment. While our age-old advice of being diversified isn't going anywhere, we understand that people will experiment with individual stocks. Today Joe rings up Michael Patak from BlueChxp, to discuss how you can learn to invest without pouring all your sandbox money down the drain. During our Magnify Money call-in Jimmy calls in with an interesting take on how to handle economy downturns and hypothetical job loss. While he understands having an emergency fund, Jimmy suggests it's better to use lines of credit and other people's money before diving into his own funds. Why shouldn't his emergency fund and various financial accounts be his last line of defense? As always, we'll save some time for Doug's trivia. Enjoy the fun! We did! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You know in today's world seems like the best treatments reserved only for a few. Well,

0:04.4

Discover wants to change that by making everyone feel special. That's why with your Discover card

0:09.7

you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never

0:16.5

held responsible for unauthorized purchases. Finally, no matter who you are or where you

0:21.6

are in life,

0:22.6

you'll feel special with Discover.

0:24.5

Learn more at Discover.com slash credit card.

0:27.3

Limitations apply.

0:29.0

Spider Pig, Spider Pig does whatever a Spider Pig does

0:32.0

whatever a Spider Pig does. a spider pig does.

0:34.0

Can he swing from a web?

0:36.5

No we can't. He's a pig.

0:39.0

Look out.

0:40.0

He is a spider pig.

0:49.0

Live from Joe's mom's basement. It's The Stacking Benjamin Show. I'm Joe's Mom's neighbor dug and you know swine everywhere are reveling because it's

1:06.5

National pigs in a blanket day. Now why we have a holiday dedicated to pigs and

1:11.7

blankets is just beyond me. I think I need to take this up with

1:14.8

someone while I figure out who on today's show we're talking about planning in a time of crisis.

1:21.0

What moves should you make now and which ones are better left alone? of CEO of Hey Money, Pete the Planner.

1:33.0

And from the Afford Anything Podcast, Paula Pant.

1:37.0

And now you might have heard of him before, but last but not least,

1:41.0

it's some dude named O.G. But that's not all, have you ever wondered how to experiment with

...

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