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The Stacking Benjamins Show

Becoming the NEXT Millionaire Next Door (with Dr. Sarah Stanley Fallaw)

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

🗓️ 5 December 2018

⏱️ 60 minutes

🧾️ Download transcript

Summary

How will YOU become the next millionaire next door? Believe it or not, it's been 23 years since The Millionaire Next Door shook the foundation of what people thought about wealth. You mean LOTS of people built their wealth in other ways than inheriting a bunch of money or working in huge income jobs? ...and that just because you LOOK wealthy doesn't mean you ARE wealthy? Today we talk to Dr. Sarah Fallaw (researcher and also the daughter of Thomas Stanley, author of the Millionaire Next Door) about how YOU can set yourself up to join this elite group. We'll discuss your friends, where you live, financial advisors, and more. Plus in our headlines segment, the results of a new survey are out about investor expectations, and they aren't good. Many investors have...maybe unrealistic ideas about their investment strategies. We'll explain on the show. Plus, one company has created a new credit card that will help you save into your 401(k) plan every time you save. Too good to be true? We'll answer that question on the show. Then we'll throw out the Haven Life Line to Jon, who wants us to shed some light on the difference between a Roth 401k and an after tax basis employee savings and stock ownership plan. Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. 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.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

You know in today's world seems like the best treatments reserved only for a few. Well,

0:04.4

Discover wants to change that by making everyone feel special. That's why with your Discover card

0:09.7

you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never

0:16.5

held responsible for unauthorized purchases. Finally, no matter who you are or where you

0:21.6

are in life,

0:22.6

you'll feel special with Discover.

0:24.5

Learn more at Discover.com slash credit card.

0:27.3

Limitations apply.

0:29.0

Hey, this is Andy Hill from the Marriage Kids and Money

0:31.0

podcast.

0:31.7

And when I'm not singing Disney

0:34.2

karaoke songs with my kids at home I'm stacking Benjamin's.

0:38.0

Live from Joe's mom's basement, it's the Stacking Benjamin Show. I'm Jos Monce Neighbor Dogg and if you're wondering if you can be the next millionaire

1:01.1

next door do we have a guest for you?

1:03.6

Because we're talking to the head of data points

1:06.4

about who really is a millionaire,

1:08.6

Dr. Sarah Stanley Falah.

1:11.0

Plus, in our headline segment, how do you feel about your investment strategy? A new

1:15.6

study out shows that many investors are unrealistic about their portfolios. Plus a new credit

1:21.6

card can help you save for your 401k plan.

1:25.0

How great is that?

1:26.0

Or is it actually great at all?

...

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