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The Stacking Benjamins Show

8 Money Mistakes Middle Class People Make (plus an intro to Blast)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.42K Ratings

🗓️ 24 August 2018

⏱️ 67 minutes

🧾️ Download transcript

Summary

As much as we don't like to admit it (and let's face it, Doug never will), we're not perfect here in the basement. We can mess up and make mistakes, just like anyone. But not all mistakes are created equal. Forgetting to start the dishwasher? Yeah, that's not the end of the world, but what about financial mistakes? A small one might mess up your weekend... but a big one could spell disaster. That's why today we're covering (and sharing some of our own) 8 mistakes the middle class is making with their money (a piece written by Holly Johnson for The Simple Dollar). Joining us today our special guest, from Rich Life Advisors, is Beau Henderson. Also joining in the discussion are our regular roundtable contributors, Paula Pant (Afford Anything) and Len Penzo (Len Penzo dot com). Midway through the show we'll take a little break and talk to the co-founder and chairman of Acorns, Walter Cruttenden, about his new brand new venture, an app that mixes two unlikely ideas: video games and saving money. When we first heard about Blast we were intrigued by the possibilities, so we're excited to bring it to your attention, too. And of course, we'll still have time for Doug's trivia and also to answer a listener question from Dan, who is looking for suggestions. How does someone in retirement create a more defensive portfolio? What types of investments should they consider adding to the mix? Thanks to Nutrafol for supporting Stacking Benjamins (and Joe's head!). Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB Looking for something deeper than what we give you on the show? Subscribe to our weekly newsletter: The Stacker. And don't forget about our Three-Town Tour! The award winning Stacking Benjamins podcast is coming LIVE to a stage near you. Find out more on our Tour Page. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

DelSugger Monday events, their biggest sale of the year, shop limited time deals on laptops like the stylish innovative XBS 13 engineered to do it all on the Intel Evo platform.

0:11.0

Plus, say big on ultra- sharp monitors and top brand accessories shop now at

0:15.7

Dell.com slash deals to take advantage of huge savings and free shipping again

0:21.2

that's Dell.com slash deals. Hey, this is Dave from the New York Budget.com.

0:39.6

Texarkano, where you at? Joe plays board games all the time.

0:47.0

OG still works the daily grind.

0:49.0

Round table views don't always align, but help financial peace of mind.

0:54.1

Suzanne's HR skills for the win.

0:56.8

Doug is in Mop's Cookie Tin.

0:59.2

PK's attacking Gin again.

1:01.6

All on stacking Benjamin's Stack Stack Stack Stack Stack Stacking Benjamin Stack Stack Stack Stack Stack Stack Stack Stacking Benjamin, Stake Benjamin's.

1:14.6

Kicking it all the stacking Benjamin Show.

1:35.0

I'm Joe's Mom's Neighbor Dogg and I'm Joe's Mom's Neighbor Dog Doug and I'm buying my first E.T.F. I know don't want to be too fast about this stuff

1:49.3

but if you've listened to this show you already know I'm a Trailblazer.

1:53.4

And speaking of Trail Blazers here today to help us talk about eight mistakes the middle class

1:58.4

is making with their money, we welcome from the Rich Life Show, Bo Henderson.

2:04.2

And also from Afford Anything, say hello to Paula Pant.

2:08.4

And finally, from Lenpenzo.com, Omerosa Madigalt Newman.

2:13.0

Just kidding, she's over in the corner

2:16.4

taping this whole conversation.

2:18.0

She doesn't have time to talk to us.

2:19.6

It's just Len Penzo.

...

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