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The Stacking Benjamins Show

Are You Ready for a 30-Year Retirement? Plus, Velocity Banking and Shoelace Patents (SB1495)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 27 March 2024

⏱️ 62 minutes

🧾️ Download transcript

Summary

If you plan on living a long life (and who doesn't want that?), you'll need to create over thirty years' worth of cash flow. Studies show that the average person wants to retire at the "normal" age of mid-60s but also plans to live to reach the century mark. If that's you, you're in luck because today we're joined by the CFO of one of the country's greatest comedy clubs and a guy who's a professional comedian himself, Bob Wheeler. Bob joins the guys for the entire show to talk about longevity and planning and maybe share a few laughs. We also spend some time talking about two controversial approaches to paying down debt and banking: Velocity banking and Infinite banking. We describe both concepts and share the good, bad, and unfortunately, the ugly. That's not all. Doug is partying hard because it's the anniversary of the date the shoelace was patented! There's nothing like a basement-based party with a top comedian, your money jokes, and discussions of annuities, longevity, and getting started. FULL SHOW NOTES: https://www.stackingbenjamins.com/make-your-money-last-30-years-bob-wheeler-1495 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode sponsored by State Farm.

0:02.0

You a small business owner looking for insurance that fits your needs and budget?

0:06.0

Well, look no further than State Farm.

0:08.0

State Farm agents are not just insurance providers,

0:11.0

they're also small business owners who live and work right here in your community.

0:16.0

They understand the unique challenges of running and protecting a small business.

0:19.7

When it comes to small business insurance, State Farm knows what it takes. Create a plan that

0:25.2

fits your needs and your budget. State Farm agents are ready to help you choose

0:28.8

personalized policies that truly understand your business.

0:33.4

Ensure your small business with a fellow small business owner.

0:36.4

Talk to a State Farm agent today and get started on personalized small business

0:40.0

insurance that fits your needs.

0:42.1

Like a good neighbor, State Farm is there. Talk to your

0:45.2

local agent today. When it comes to your finances, go for the credit card that's always

0:51.3

there for you. A 24-7 US-based customer service from Discover,

0:55.6

everyone has the option to talk to a real person

0:58.2

any time, day or night.

1:00.2

Yep, that means no more waiting for quote normal business hours just to get a hold of someone.

1:06.1

We're talking real service from real people whenever you need it.

1:10.8

Get the customer service you deserve would discover limitations apply.

1:14.3

See terms at Discover.com. Credit card.

1:17.1

Spider pig does whatever a spider pig does whatever a spider pig does.

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