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The Stacking Benjamins Show

From Monk to Money Manager

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 22 April 2019

⏱️ 82 minutes

🧾️ Download transcript

Summary

Doug Lynam grew up in a wealthy family but rejected looking wealthy at an early age and began hanging out with counter-culture kids while trying hard to find himself. From that lifestyle to the Marines and finally to becoming a monk, we'll talk about Doug's quest to find himself and ultimately to come to grips with the role of money and what it meant for him (and also for many of us). We'll talk through stories about his quest, how he began helping his fellow monks with their money, and ultimately how he became a money manager. He'll also share strategies to help you begin building your financial knowledge, to start questioning your own view of money, and to ultimately become a better steward of money. It's a wide-ranging, fun discussion, and we hope you're able to join us for it! In our headlines we'll talk to Paul Yakoboski, Senior Economist at TIAA Institute, about the results of the company's 2019 Personal Finance Index. He'll share how education and juggling your financial life are closely related. We'll talk about trends with the P-Fin index, the roll of education in your game plan, and more. He'll discuss how to gain knowledge about money and how to become better handling financial concerns. Plus, another company is planning an iPO. No, not an IPO (initial public offering), but a more made-up term called an iPO. We'll explain today. Later in the show, we'll throw out the Haven Lifeline to Alan, who has an awesome question for us about pensions. He has two choices: one where he can take the full amount himself or another where he gives up $400 per month but his spouse is also covered for her life. Which does he take? Then, in our letters segment, Dillion writes in asking about the best way to transition into the field of personal finance. He's currently an accountant, but Dillion's realized his passion is in helping people learn about and gain control of their finances. What's the approach to moving into the personal finance field? Of course, we'll also make some room for Doug's trivia, so don't you worry. 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.

0:29.3

This is Scott from California.

0:31.4

When I'm not hiking at national parks, I'm stacking

0:34.2

Benjamin's.

0:35.0

Live from Joe's Mom's basement., it's the Stacking Benjamin Show. I'm Joe's Bob's neighbor Doug and today I'm celebrating Earth Day by cleaning up because after all Earth

1:01.4

Earth Ain't Uranus.

1:03.0

While I'm using a rake, you can celebrate with your headphones

1:06.0

because we're welcoming special guest,

1:08.0

the man who went from Monk to Money Manager,

1:11.0

Dog Linum.

1:13.0

And a new study shows the relationship between education and financial wellness.

1:18.0

Here, with the results of the 2019 Personal Finance Index,

1:22.0

say hello to TIA Institute Senior Economist Paul Yakubowski.

1:27.0

Plus, we'll throw out the Haven Lifeline to a lucky caller, answer a letter from the mailbag, and still leave time for, yup, you guessed in my incredible

1:37.0

trivia.

...

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