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The Stacking Benjamins Show

Creating Your Own Better Outcome (with Lillian Karabaic)

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

🗓️ 23 April 2018

⏱️ 61 minutes

🧾️ Download transcript

Summary

Lillain Karabaic has done everything. From bicycle valet to bookkeeping to radio, she's had just about every job you could imagine (she held over 40 jobs during her 20's!). Today she's sharing advice and stories about grabbing the reins. Think you aren't saving enough money? She'll inspire you with her work ethic. Think you have trouble getting money in the right place? She'll share her favorite tips... and more. 

In our headlines segment, we'll share some statistics from Transferwise about banking fees. It turns out that many people are surprised by the fees their bank charges. Overdraft fees? Sure, banks charge those, but how about returned mail fees? We'll share the whole list and ways to reduce fees.

We'll also debate a new media piece about retirement planning. Is it time to share the old planning practices out the window? We'll share the authors' tips and also those that OG and Joe advocate, on today's podcast.

Plus, we throw out the Haven Life line to Abbey, who wonders about starting a financial coaching business. As a financial planner, is there room to expand into coaching people who don't yet need full-on CFP level support? We'll share some of the reasons you don't see more of these businesses and also ideas for starting one on today's show. We'll also answer another listener letter, throw out Doug's trivia question, and more.

Thanks to RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Thanks to Lexington Law for supporting Stacking Benjamins. For a free credit report summary and credit repair consultation go to lexingtonlaw.com/sb

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, this is Pete the Planner, USA Today Money columnist, and host of the Ask Pete the Planner podcast.

0:06.3

When I'm not fixing the weirdest financial situations you've ever heard of, I'm stacking Benjamins.

0:17.0

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

0:31.5

I'm Joe's mom's neighbor, Doug, and man, oh man, is today going to be a great day in the basement.

0:35.8

First, it's the annual company bowling outing.

0:39.0

B, my annual calendar and crazy holidays arrives today.

0:42.6

And three, we're joined by the woman who wanted a 401k plan so bad.

0:48.1

She gave free classes about it at her work.

0:50.4

Please welcome the host of the Oh My Dollar podcast, Lillian Carabaic.

0:56.4

Plus, will traditional retirement planning still work?

0:59.9

One of our headlines today says it won't.

1:02.5

And a new transfer-wise study discloses lots of bank fees you might want to know about.

1:08.3

But that's not all.

1:09.4

We're throwing out the Haven Lifeline today

1:11.5

to ask about a financial coaching business.

1:14.1

Is that a viable job?

1:15.6

Probably not as good as podcast announcing,

1:18.1

but we'll ask the guys.

1:19.9

And now, two guys who are the so-called financial coaches

1:23.7

on this podcast, Joe and O, J-J-J-J-J-J-J-J-J-G.

1:34.8

You ever coach anything?

1:42.1

Let me think.

...

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