8 Smart Things To Do With $1,000 Right Now (Plus the future of FinTech w/ Rory Holland)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 23 February 2018

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What should you do with a small windfall? Today we ask, if you had $1,000, how should you best use it? We have an article that gives us eight great options, but we ask our panel which of those is best...and why? THAT alone gets rolling a fanstastic discussion between OG, Len Penzo, and special guest from the Money Nerds podcast, Whitney Hansen.

We'll also turn our eye on FinTech. We talk to FinTech company founders most weeks on this show, but from the near-outside looking in, where's the ball headed? Rory Holland from CSTMR has a front row seat at the FinTech party, and answers the questions...what's the problem, how's it being solved, and what's next for FinTech? You'll see LOTS of possible directions for FinTech (and...psst....your money) after you hear this interview.

We also answer Carolyn's three-oh call for help to the Blooom hotline. Her 21 year old son is graduating from college and she's concerned about claiming him. Can she claim him as a dependent still? On top of that, we'll also answer a letter from another listener, share Doug's trivia, and more.

Thanks to Blue Apron for supporting Stacking Benjamins. Check out this week’s menu and get $30 OFF —WITH FREE SHIPPING—by going to BlueApron.com/SB.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins as well. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

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Transcript

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0:00.0	Hey guys, this is Alex, or as we call them here in the basement, self-identified listener number three.
0:05.3	And what's funny is, when I'm not stacking Benjamins, I'm usually counting gold in my Los Angeles bunker,
0:11.3	maybe buying a new van for the misses. Sometimes I call my significant other and tell them to stop
0:15.7	tracking the time it takes to manage our rental empire, such as in 15-minute increments,
0:20.4	so that I can jet set from Hawaii to the middle U.S. on a budget airliner to get one hell of a deal on a new car to drive back to Vegas
0:26.6	just in time to tell my best friend about the trip to Vietnam that my family and I went on.
0:30.6	Did I mention I went to Vietnam?
0:32.6	Huh, what? Doug, get out of here! You're ruining the intro. Gotta go.
0:47.0	Live from Joe's mom's basement, it's the stacking Benjamin show. I'm Joe's mom's neighbor, Doug, and I was a young boy.
0:59.1	My pappy set me up on his lap and said, son, what are eight smart things you can do with a thousand bucks?
1:05.3	Our family never actually answered that question.
1:08.3	On today's show, we've got a crack team to answer this age-old
1:12.3	riddle.
1:13.0	We'll also answer a bloom call for money help and more.
1:17.4	From the award-winning money nerds podcast, we welcome back to the show, Whitney Hanson.
1:22.7	From lenpenzo.com, it's Sean White.
1:26.4	I'm just kidding. I just accidentally did a triple McTwistie,
1:31.0	1260 with a melon grab with a script and got a little tangled up there. Actually, it's
1:36.1	Len Penzo. And from Joe's mom's basement, ohj-j-j-i, but that's not all.
1:45.0	What's coming up next in banking?
1:47.1	We'll talk to CEO and founder of customer and Fintech Insider Rory Holland.
1:53.0	And now, because Fridays aren't the same without a host, Joe Saul-Sehi.
	...

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