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The Stacking Benjamins Show

Creating Your Cash Machine (with Dave Mason)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 16 March 2020

⏱️ 63 minutes

🧾️ Download transcript

Summary

How does YOUR financial future look? Probably the first lesson anyone successful with money will tell you is that you can't look at life the same way anymore. While some expenses others may see as a given, you now see as a money drain. Where others see failure, you now see opportunity. Today we'll talk about changing your financial tune with Dave Mason, author of The Cash Machine, who suggests you can make big changes in your relationship with money by making some small changes in how you perceive the world around you. Recently the Federal Reserve lowered interest rates in response to the coronavirus. They may do it again. We'll talk about some opportunities this may open up for you. Plus, from the perspective of the individual investor (or more preciously, the Robinhood investor), life got a little worse for some traders when the investing app suffered an outage for an entire trading day as stocks surged. Later on, we'll answer a retirement and taxes question from Red. He can contribute to a Roth and Traditional 401k, while Red's wife can only contribute to a Traditional. What happens during retirement when they file jointly? Will Red have to pay taxes twice? One now for the Roth, and later on for the traditional? As always, we're saving some time today for Doug's trivia. It's a great day to listen to podcasts while you're at home! Everyone stay safe! 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

0:09.7

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.

0:29.2

Who's with me?

0:30.4

Great again!

0:31.4

Yeah!

0:32.4

Come! Hey, let's do this, people! Yeah!

0:33.0

Come!

0:34.0

All right!

0:36.0

Let's do this people!

0:38.0

Live from Joe's mom's basement. It are you ready to get your cash machine rolling?

1:02.8

Today we welcome the author of financial novel

1:06.0

The Cash Machine, Dave Mason.

1:08.5

Plus, how's that Robin Hood app working for you?

1:11.6

We'll talk about another Robin Hood outage on today's headline

1:14.9

segment and later we'll tear into a question from Red who's wondering if he'll have to pay more

1:21.3

taxes during retirement if his spouse contributes to a traditional 401k.

...

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