Better Investing Using an Ancient Philosophy (SB1546)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 15 July 2024
⏱️ 76 minutes
🧾️ Download transcript
Summary
Does winning at investing mean that you need more information, a better rule set to follow, or better connections? Our guest today says that while those can be advantages, it's hard to "win" those games. However, there is one method which can help us easily increase our odds of becoming a better saver and investor. More good news? This method is available to us all. Our guest today says learning from the Stoics, philosophers from ancient times, we can easily beat the average investor and we can set ourselves up for life. If you're listening to SB for that reason, you're in a for a treat. Darius Foroux is not only one of our favorite bloggers (we've used his work several times as the centerpiece for our Friday roundtable chats between personal finance luminaries), he actually joins us today in the basement to help you become a wiser, stronger, and hopefully wealthier Stacker.
In our headline segment, one saver says that he saved too much money into his 401k retirement plan. Huh? How does that even make sense? We'll chat about how to best save for retirement and also challenge you to think about how you save...and not just about the amount you're saving.
We'll hear from a Stacker in need as well AND of course, save time for Doug's trivia question that you'll be talking about all day long.
FULL SHOW NOTES: https://stackingbenjamins.com/money-and-philosophy-1546
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
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Transcript
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| 0:00.0 | What's happening in America? |
| 0:03.3 | Dougie Fresh, the big D, as I like to call. |
| 0:06.3 | I just rolled out of bed, man. |
| 0:07.8 | Did you have a nice weekend? |
| 0:08.9 | I had a great weekend. |
| 0:10.3 | You know why? |
| 0:10.9 | Nobody cares. |
| 0:11.5 | You know why? |
| 0:14.7 | Do you know why you had a great weekend? |
| 0:16.6 | Because you didn't have to stand post. |
| 0:20.5 | You didn't have to pick up a firearm. I didn't. Who's going to do it? You? No. You, Lieutenant Weinberg? No, no. No, I don't think so. You know who did it? Jack Nicholson did it. Exactly. Well, kind of. Our servicemen and women across the globe taking care of us so we can just hang out, just do whatever you were going to say that nobody cared about. |
| 0:43.4 | So thank you. |
| 0:44.7 | Thank you to all our service members, service men and service women on behalf of Navy Federal Credit Union. |
| 0:49.9 | Credit Union, easy for me to say Navy Federal Credit Union. |
| 0:53.3 | Semperify, thank you for all you do to keep us safe. |
| 0:57.0 | And here's for another week of the Doug and O.G. |
| 1:00.1 | What do you think about that? |
| 1:01.6 | Wow. |
| 1:01.9 | I couldn't feel more heard and seen right now. |
| 1:05.3 | Big D and O.G. |
| 1:06.9 | Who knew? |
| 1:09.2 | Thanks, everybody. |
... |
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