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The Stacking Benjamins Show

Beth Kobliner and SNL's Kate McKinnon Team Up To Teach Financial Literacy

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

🗓️ 11 April 2018

⏱️ 67 minutes

🧾️ Download transcript

Summary

What happens when a bestselling money author teams up with an SNL star to talk about financial literacy? You end up with some awesome videos featuring Kate McKinnon and Beth Kobliner! Beth joins us in the basement today to talk about the making of the videos and to share some much-needed financial literacy tips for children. How do you teach kids (or other adults) about money when you don't feel like YOU'RE a whiz with your cash? Beth shares some great tips that you'll be able to use today. In our headlines segment we'll talk about a recent lawsuit about "reverse churning." What does that even mean? We'll talk about why it's important most of the time to do absolutely nothing with your money, and we'll also discuss when you should expect to pay for advice and exactly what you're paying for when you work with an advisor. If you're in a fee-based account, are you paying for trades or for advice from the advisor? We'll debate that question on today's show.  In our second headline we'll talk to Mike Foy from JD Power and Associates. They have a new customer satisfaction survey that also shares LOTS of information about millennials. It appears that millennials are ditching their advisors in droves. Why is that happening? What are advisors missing? We'll ask Mike to dig into the JD Power survey findings on today's podcast...including which firms scored highest in customer satisfaction this year. Plus, as always, we throw out the Haven Life line to Tanaya, who's contributing to her state pension plan and her Roth every year. What's are some other considerations of places she should be contributing? We'll also, we pull out the stops and answer several letters in an effort to get caught up. We'll tackle minimum volatility funds, a confusing advisor recommendation, a listener who actually gets what we're doing with this podcast, and more.   Thanks to Blue Apron for supporting Stacking Benjamins. Check out this week’s menu and get $30 OFF —WITH FREE SHIPPING—by going to BlueApron.com/SB. Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins as well. 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

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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

0:09.8

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 are in life,

0:22.4

you'll feel special with Discover. Learn more. No matter who you are or where you are in life,

0:22.6

you'll feel special with Discover.

0:24.6

Learn more at Discover.com slash credit card.

0:27.4

Limitations apply.

0:29.3

Hey kids, it's your old Uncle Doug, and guess what?

0:32.2

It's National 8-track tape day.

0:34.8

And who thinks of this stuff? And to celebrate for the last 45 minutes, I've been recording myself

0:40.2

into an 8-track recorder. It's totally old school.

0:44.0

That's school with a K.

0:46.0

Check this out.

0:47.0

Okay, feed the 8 track in here.

0:51.0

Pull down this giant lever and oh, this is gonna be great!

0:57.0

Live from Joe's mom's basement, it, and what a wild and crazy show we have for you.

1:23.0

Today we welcome talking about her new hit video starring

1:26.6

SNL star Kate McKinnon,

1:28.8

it's New York Times best-selling author Beth Kobliner.

1:32.2

Plus, are millennials ditching their advisors?

1:35.0

One new study says they are.

...

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