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The Stacking Benjamins Show

Battling the High Cost of Higher Ed (with Ron Lieber)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 25 January 2021

⏱️ 84 minutes

🧾️ Download transcript

Summary

Beyond the big sticker price, New York Times money columnist Ron Lieber has a different mindset than most about college costs. After Ron explains why most of our assumptions on college costs are wrong (that includes you), he'll share three key criteria about what we're really looking for when it comes to higher education. We'll also tackle the no-college route, which comes with its own surprising set of misconceptions that have grown over time. What's the bottom line? There's a whole lot more to think about than the price tag, no matter which path you choose. We'll cover all of the options, threats, and opportunities on today's show. In the financial headlines segment: is the sky finally falling on the stock market? For the twentieth time, NO! Despite what non-stop headlines tell you, the market will drop when it drops. Like Joe says, when it comes to the market, this is one of the few areas in life when doing nothing is the right call. Still, feeling the itch to move some money around? Take OG's advice and try to call the market for the next twenty days. If it works, call us before you do anything else, because we have an offer for you. If it doesn't work, stick to the tried and true and forget about market-timing. We'll finish today's show with a Haven Life voicemail from Susan. She and her husband want to set up a savings account for their grandchild but have a few questions. How can they create a sustainable system for any future grandchildren? What happens if their grandchildren are bad with money? Are there any tax implications to worry about? We'll cover these questions, and more, for a comprehensive answer on setting up your kids for a fulfilled financial future. As always, we'll save some time for Doug's (student-loan-themed) trivia halfway through the show, and much, much more (including some awesome TikTok advice....). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, okay, I promise I'll keep this debrief short. So I just had my date with the Bumble

0:05.3

guy so cute. He surprised me with tickets to see this band I love. Then he got as a spot

0:10.4

at the front so I could actually see. It was amazing you know like I

0:13.4

really felt good vibes. Oh and he sent me a let me know when you get home

0:17.0

message that makes him really hot. Kindness is sexy find Find it on Bumble.

0:24.0

So you'll pick me up tonight at 745?

0:26.0

Oh, well, no, I got a few things to take care of first, but why don't we make a quarter to eight?

0:32.0

Stop it.

0:34.0

Okay, 745.

0:37.0

Live from Joe's

0:40.0

Live from Joe's mom's basement. It is college really worth it?

0:59.4

Whether it's undergraduate or graduate school, these are the most important dollars you'll spend.

1:05.0

So today, Ron Leiber, the Your Money columnist

1:08.3

for the New York Times, joins us to help you

1:11.7

make a better decision.

1:14.2

And many people are afraid of China stealing our information, but could they be doing

1:19.0

that using that FinTech app you've got on your phone? we'll share details. Of course, we'll also throw out

1:25.5

the Haven Lifeline to Suzanne and I'm going to do my best to stump you on my student loans related trivia.

1:32.3

And now, two guys who should consider on my student loans-related trivia.

1:33.0

And now, two guys who should consider taking over my student loan payments,

1:37.0

it's Joe and O, J-J-J-J-J-J-J-G.

1:48.0

There's strategic debt for college and then there's strategic debt for college and then there's Doug debt for college.

...

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