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
4.4 • 2K Ratings
🗓️ 27 March 2024
⏱️ 56 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
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Transcript
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| 0:00.0 | Spider-pig, spider-pig does whatever a spider-pig does. |
| 0:05.0 | Can he swing from a web? |
| 0:08.0 | No, we can't, he's a pig. |
| 0:10.0 | Look how he is a spider-pig. |
| 0:13.0 | Live from Joe's Mom's Basement, it's the Stacking Benjamin Show. |
| 0:27.9 | Hey there, Stackers. I'm Joe's Mom's Neighbor, Doug, and on today's show, most people want to live to be |
| 0:38.9 | a hundred. But can our money survive a 30-year retirement? We'll talk about that and more with today's |
| 0:45.5 | guest comedian, who also is a CPA and the CFO for one of the biggest comedy clubs in the world, |
| 0:52.4 | Los Angeles's Comedy Store, Bob Wheeler. |
| 0:56.0 | Bob, Joe, and OG will also answer a cry for help from someone who thought, |
| 1:00.4 | I'd better call Saul. |
| 1:02.5 | See high and OG. |
| 1:04.2 | And by popular demand, you can bet your bottom dollar that I'll swoop in at just the right time |
| 1:10.1 | with my mind bending |
| 1:11.2 | 100% guaranteed scrup tillitious trivia question and now three guys who between them |
| 1:19.0 | could easily polish off a dozen donuts it's Joe Bob Wheeler and oh jajez, jeez, jeez. |
| 1:30.3 | I think I could probably handle half a dozen by myself. |
| 1:34.9 | I don't know about you guys. |
| 1:36.1 | Hey, everybody. |
| 1:36.6 | Welcome to the Dozen Donuts for the Win podcast. |
| 1:39.7 | I'm Joe Sal C-Hi, Average of Money on Twitter, as Doug you so eloquently said. |
| 1:44.1 | But let's start off with |
... |
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