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
4.4 • 2K Ratings
🗓️ 11 April 2018
⏱️ 66 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.
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Transcript
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| 0:00.0 | Hey kids, it's your old Uncle Doug, and guess what? It's National 8-track tape day. |
| 0:05.9 | Who thinks of this stuff? And to celebrate for the last 45 minutes, I've been recording myself into an 8-track recorder. |
| 0:13.5 | It's totally old school. That's school with a K. Check this out. Okay, Feed the 8 track in here. |
| 0:22.4 | Pull down this giant lever and hole. |
| 0:25.0 | This is going to be great. |
| 0:31.7 | Live from Joe's mom's basement. |
| 0:36.8 | It's theacking Benjamin show. |
| 0:47.9 | Hey there, money nerds, I'm Joe's mom's neighbor, Doug, and what a wild and crazy show we have for you. |
| 0:56.9 | Today we welcome talking about her new hit video starring SNL star Kate McKinnon. It's New York Times bestselling author, Beth Kobliner. |
| 1:03.5 | Plus, are millennials ditching their advisors? One new study says they are. We'll get the scoop |
| 1:09.3 | today because from JD Power and associate, we welcome Mike Foy. |
| 1:13.9 | We're also reaching deep into the mailbag to catch up on your letters. |
| 1:18.1 | We're throwing out the Haven Lifeline, and heck, we're throwing out all the stops and hand in over a fresh slice of my trivia. |
| 1:25.8 | And now, two guys who are the real to real guys of this podcast, Joe and O J-J-J-J-J-J-J-J-J-J-G. |
| 1:48.4 | Did you have Real-to-reel when you were in school? |
| 1:52.0 | Not when I was in school, but my dad had a reel-to-reel. |
| 1:53.4 | I found it in the basement. |
| 1:54.5 | I remember this distinct. |
| 1:58.0 | We were just talking about this with, oh, geez, mom, a couple weekends ago when she was here. |
| 2:02.0 | I found all this stereo equipment that my dad bought after he got home from Vietnam when I was a kid. And so we hooked it all up and it had like the who on reel |
| 2:07.5 | to reel. Oh, awesome. Oh, that type of real to reel. I was talking like film strip things. Did you guys |
| 2:13.6 | have film strips in school? Oh. Were they, where they'd reel in the projector and this big thing and they take it off and they'd and probably. And you guys have film strips in school? Oh. Where they'd reel in the projector and this big thing and they'd take it off and they'd And probably. And you'd have somebody put the film in. And I remember this stuff, that film would start going and it would make this tick, tick, tick, tick, tick, tick, tick noise. And I would say about two and a half minutes into every film strip we ever had in school, I was out. I was out cold. |
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