Avoid These Financial Blunders in 2025 with Smart Money Moves (SB1629)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 10 January 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Feeling a little queasy about your financial plans for 2025? Fear not! Today, Joe steps out of the cozy basement and straight into the bustling chaos of Manhattan to bring you top-tier advice from some of the brightest financial minds. Joined by Paula Pant from Afford Anything, Nick Magiulli, author of the Of Dollars and Data blog, and Doc G from the Earn & Invest Podcast, this powerhouse panel digs into the money missteps you’ll want to dodge in the year ahead.

From tackling FOMO in investments to learning why small, consistent changes are your financial BFFs, this episode is packed with practical tips to help you make 2025 a year of smart money moves (and fewer facepalms).

What’s Inside:

Meet our stellar guests and hear how New York City inspired their financial insights.
Discover why chasing the next big investment trend could leave you behind.
Learn how an investment policy statement can keep your goals on track.
Avoid analysis paralysis when market uncertainty strikes.
Uncover strategies to navigate political uncertainty without losing sleep (or cash).
Dive into real estate trends, historical data, and staying focused on what you can control.
Understand the power of spending on what truly matters to you.
Find out why gradual changes beat impulsive overhauls every time.
Learn how doubling down on bad decisions is like hitting a pothole and accelerating instead of swerving.

Episode Highlights:

Meet the Guests: Get to know Paula Pant, Nick Magiulli, and Doc G as they join Joe in the Big Apple for some big-time financial lessons.
NYC Moments: Joe shares a peek into his adventures in Manhattan—yes, it’s a jungle out there.
Investment FOMO: Why chasing trends could cost you (and how to avoid it).
Building an Investment Policy Statement: Your GPS for financial decision-making.
Analysis Paralysis: How to keep market fears from freezing your progress.
Navigating Political Uncertainty: Keep your portfolio calm, even when headlines aren’t.
Spending Smarter: Align your money with what you value most.
Gradual Wins: Why slow and steady wins the financial race every time.
Bad Decisions: How to recognize when you’re doubling down and when to hit the brakes.

🎧 Ready to make 2025 your best financial year yet? Tune in now to stack smarter, avoid the pitfalls, and get inspired to crush your goals!

FULL SHOW NOTES: https://stackingbenjamins.com/stacker-money-mistakes-nyc-1629

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

Enjoy!

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Transcript

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0:00.0	All right, here we go. Hold your ears, folks. It's showtime. Live from Cum and today Joe Ventures out of the basement,
0:30.7	jumps on a big old jet airliner and heads to New York City to talk about getting rich.
0:38.0	He's on a mission to find out what mistakes stackers are making along their journey to tons of Benjamin's.
0:44.6	Joining Joe in the Big City, we welcome author and the blogger behind the Of Dollars and Data blog, Nick Majuli.
0:52.5	And the man you just heard here Wednesday talking about purpose, Dr. Jordan Grummet,
0:58.2	aka Doc G.
1:00.1	And from the Afford Anything podcast, Paula Pantt.
1:04.1	And now a guy who knows that every millionaire once Googled what's a 401k? It's Joe Saul Cih.
1:16.6	Thanks, Doug, and happy Friday, everybody.
1:19.2	Welcome back to The Stacking Benjamin Show.
1:20.8	I am Joe Sal Cee-high, average Joe Money on X.
1:24.2	I should stop saying that because I'm never on X anymore.
1:26.2	I'm a blue sky guy, guys. I'm a blue sky guy because I don't get fed a bunch of political stuff every single time I go on it. But anyway, you'll find me at Joe Sal Cuy hi. I'm blue sky. But we're not talking about me. This is so weird. I'm in a room, an actual real room with people, as Doug so eloquently said. So let's start off with the, well, where am I going to start? We'll go ladies first. The woman behind a fort-d-anything, Paul Pant is here. How are you? I am so happy to be here in person. The energy in person is so different. It's fun. So you really liked moving to New York City. You've loved it. Yes. Love it. One of the best decisions on the first decisions. I got the true New York experience this morning, which was cool.
2:02.0	I was on the subway, and there was a gentleman sleeping on one of the benches in front of me.
2:06.0	And then he decided he had to get up. I thought he was getting up because he was getting off at the next stop. He wasn't. He decided it was time to urinate. which I think is very authentic New York, but I also felt bad for him.
2:16.9	I mean, you know what I mean?
2:17.4	Yeah, yeah.
2:18.1	I hate to say that's part of the New York b New York, but I also felt bad for him. I mean, you know what I mean? Yeah, yeah.
2:18.0	I hate to say that's part of the New York bingo card.
2:21.3	But, like, it's, it, unfortunately, unfortunately, we have a big issue here with the unhoused and lack of adequate resources.
2:29.4	We're definitely not going to solve that problem today.
2:31.2	We are not going to solve that problem today.
	...

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