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The Stacking Benjamins Show

Earn More, Live Better, and Find Good Role Models

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.42K Ratings

🗓️ 28 September 2022

⏱️ 77 minutes

🧾️ Download transcript

Summary

The overwhelming thought around higher education used to be that if you wanted a good paying job, a college degree was necessary. That thought process may be changing. Professor Scott Galloway joins us today to share not only his thoughts on education but how our country came to be and the ideologies we share. His new book takes a fascinating look at the U.S. and explains how we got where we are today, the achievements we've made, our failures, and our socioeconomic systems, all explained in charts. He shares some of his findings with us. Then we'll tackle interest rates in our headline segment. The Fed announced it raised interest rates by .75% again this month with no sign of slowing down. What does it mean for your wallet and the economy as a whole? We'll explain. We also answer John's question about investing in CDs vs. US Treasury bonds, and Doug will share his trivia. You'll find show notes for this episode at www.stackingbenjamins.com/scott-galloway-1256. Deeper dives with curated links, topics, and discussions are on our newsletter, The 201, available at StackingBenjamins.com/201. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Did you know that Discover is more than a credit card with Discover's online savings account?

0:04.4

You can earn five times more interest than the national savings average. Five times.

0:09.1

There's no monthly fees, no minimum deposit, no monthly balance requirements.

0:12.9

It's FDIC insured up to the maximum allowed by law. Learn more at Discover.com and start saving

0:18.8

with confidence today. Discover Bank member FDIC.

0:22.4

My plan is sound. Mathematically sound. It cannot fail. It's perfect.

0:31.4

Three months from now, I will be worth $50,000. Independent for life.

0:46.1

Live from Joe's mom's basement. It's the stacking Benjamin Show.

0:52.8

I'm Joe's mom's neighbor, Doug, and it's good neighbor day. And of course, the guest today is

1:07.2

going to get all of Joe's attention. He's bringing charts, graphs, and maybe an opinion on what

1:13.2

you could do to help your career and your lifestyle. On my special day, we welcome a very special guest,

1:21.1

the professor himself, Scott Galloway. In our headlines, interest rates are on the rise again

1:27.1

last week. So what do we do with that information? We'll share. Plus, we'll throw out the Haven

1:33.0

Lifeline to John who wants to talk about treasuries versus CDs. And then I'll share some

1:39.0

neighborly trivia. And now, two guys who don't deserve a neighbor like me. Oh, all right, they do.

1:45.7

So do you. It's Joe and oh, j-j-j-j-j-j.

1:58.7

Happy Wednesday, Stackers, and a happy Wednesday to you, Doug. And you're right. It is

2:02.8

good neighbor day. And thank you so much. Let me thank you personally for doing an introduction

2:07.0

again for us. It's very nice of you to begin a day like today with a treat such as that.

2:14.0

Why do you sound disingenuous on the circus? I'm not disingenuous. It is just being able to work

2:20.8

with you guys here in the basement. It's nice. And I like the reminder that we should be nice to

2:26.4

each other and the guy who's nice to us every single day because he shows. I've just got through

...

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