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The Stacking Benjamins Show

Feeling Cynical? That May Be Costly For Your Wallet and Career (SB1564)

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

🗓️ 26 August 2024

⏱️ 69 minutes

🧾️ Download transcript

Summary

It's easy to feel cynical. The news blares bad news about "them" (defined squarely as whatever group you happen to disagree with). Social media shows you the most awful people, events, and situations. Everything that happens seems to reflect that the world is becoming more distrustful, and it's eating away at many of us. Stanford professor Dr. Jamil Zaki joins us today to give hope to cynics everywhere, by sharing data showing that we're actually far more trustworthy as a group than you may think. He also shares the cost of cynicism, and what to do if you're feeling particularly down about your fellow human beings. Especially with all of the negativity around the election, you'll find today's show is a bright spot to kick off your week!

In our headline segment, we set out to share tips on buying used cars, but instead end up in a MONSTER discussion about the efficacy of buying used at all. We talk leasing, buying new, and the many ways you can buy used cars. We review the positives and drawbacks of each approach so that you can make a more informed car-buying decision.

Of course, we also leave time for Doug's trivia, and much more!

Are you near Minneapolis this weekend? Join Joe and a bunch of other Stackers in Stillwater, MN. on Thursday night at 6:30 (River Siren Brewing) for a pre-Camp FI party! We hope to see many of you there! Head to http://stackingbenjamins.com/meetup for details and to snag a free ticket.

FULL SHOW NOTES: https://stackingbenjamins.com/the-power-of-optimism-jamil-zaki-1564

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

Enjoy!

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Transcript

Click on a timestamp to play from that location

0:00.0

All right, guys, this morning, just bringing the water, no caffeine.

0:03.7

Good for you, Joe.

0:05.0

Me too.

0:05.7

I'm bringing the water. We're getting all watered up. Because I've already had my half a pot of caffeine. Oh, but your water has a cost associated with it. Mine is refreshing. Here's come out of a river? Tap water. Here's says a cost. They don't ship it to you for free. collecting rainwater these days, Joe?

0:20.9

Well, it's a package deal.

0:22.3

It comes with my,

0:23.3

with my whole tax bill, you know? You don't have a water bill in Texarkana? We have a water bill. Separate water bill? It's not part of anything to do taxes. Okay. Anyway, how you, how are you doing? Do you know anything about how money works, Joe? What happens with money? Mine's full of vodka. That's what this actually is. That's why I disguise it in the Mickey Mouse. Ultra purified water. Yeah, look at how much vodka, OG and I both have. It's a bunch of potato juice. Fermented potato. Yeah, potatoes, right? Fremented potato juice. Fremented potato juice. It is Monday and we're super happy to be here. And you know what? We're super happy that we have members of our military that protect us on weekends, on weekdays, indiscriminately. Pick a day. They're there. So on behalf of the men and women at Navy Federal Credit Union and the men and women making podcast to Mom's Basement. Big thanks to our troops.

1:11.7

Let's go stack some Benjamins, shall we?

1:14.6

Thanks, everybody.

1:16.2

Good morning, Christopher Robin.

1:18.4

Oh, good morning, Winnie the Pooh.

1:25.3

Live from Joe's Mom's Basement, it's the Stacking Benjamin's show.

1:35.2

I'm Joe's mom's neighbor, Doug, and do you want to make more money at your job?

1:43.4

Of course you do.

1:45.0

Well, our expert today says, stop being so cynical.

1:49.0

Here to give hope to cynics and more money from your job, we welcome Stanford psychologist,

1:55.0

Dr. Jamil Zaki.

1:57.0

Plus, in our headline, feeling cynical about the deal you might score on a new to you car,

2:02.0

will help you navigate a better purchase with tips from a major publication, plus our own.

2:08.6

And of course, we'll give you a second opinion on some advice found on social media.

2:13.6

And now two guys who make Monday mornings feel so much better.

2:18.3

It's Joe and oh,

...

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