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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

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

4.42K Ratings

🗓️ 5 December 2018

⏱️ 59 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.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

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

0:02.9

And when I'm not singing Disney karaoke songs with my kids at home, I'm stacking

0:08.3

Benjamins.

0:14.6

Live from Joe's mom's basement, it's the Stacking Benjamin show.

0:19.2

Oh, no! it's the Stacking Benjamin's show.

0:29.6

I'm Joe's Moth, Neighbor, Doug, and if you're wondering if you can be the next millionaire next door,

0:33.0

do we have a guest for you?

0:34.7

Because we're talking to the head of data points

0:37.2

about who really

0:38.2

is a millionaire, Dr. Sarah Stanley Fala.

0:42.3

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

0:46.6

A new study out shows that many investors are unrealistic about their portfolios.

0:51.5

Plus, a new credit card can help you save for your 401 plan.

0:55.8

How great is that?

0:57.5

Or is it actually great at all?

0:59.8

We'll share the story.

1:01.4

And that's not all.

1:02.4

We'll throw out the Haven Lifeline to John, who asks about the difference between an

1:06.4

employee stock purchase plan and a Roth 401K.

1:09.7

We'll answer a question from the mailbag and yet

1:12.1

somehow still leave time for my incredible trivia and now two guys who are the two main

1:19.2

lumps that make up hump day Joe and oh jjjah jee I'm the big J-J-J-J-J-J-J-J-J-G.

...

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