How Come High Earners Struggle To Get Rich? (SB1528)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 7 June 2024
⏱️ 60 minutes
🧾️ Download transcript
Summary
Why aren't all big-money ballers able to pile up massive stacks of Benjamins? How come some average Joe earners can build significant wealth? On today's special roundtable episode, we dive into a blog post listing the top six reasons people who make big money can't save. One of the Top 100-rated financial planners by Investopedia in 2023, Elaine King, joined us. She's not alone, though. We also feature the creator of the award-winning blog Afford Anything, Paula Pant, and our own resident CFP, OG.
In the second half of the conversation, sponsored by DepositAccounts.com, we'll explore the actual benefits of relocating to save money.
Stick around for our year-long trivia competition inspired by our special guest, Elaine King's, home country of Peru.
FULL SHOW NOTES: https://stackingbenjamins.com/top-six-reasons-youre-not-rich-1528
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
Learn more about your ad choices. Visit podcastchoices.com/adchoices
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | My plan is sound, mathematically sound, it cannot fail, it's perfect. |
| 0:07.0 | Three months from now, I will be worth $50,000, independent for life. |
| 0:14.0 | Live from Joe's Mom's basement on the YouTube machine, it's the Stacking Benjamin |
| 0:27.9 | show. |
| 0:37.2 | I'm Joe's mom's neighbor, Doug. |
| 0:39.3 | What are the top six reasons that high-earning people don't get rich? |
| 0:43.3 | Hint, their first mistake is not listening to stacking Benjamins. |
| 0:47.0 | Here to join the conversation is the founder of Family and Money Matters, CFP, Elaine King. |
| 0:54.0 | Then someone whose mission it is to help you |
| 0:56.3 | live richly regardless of income, it's Paula Pant. And finally, a guy who's here to help you |
| 1:02.3 | straighten out those mistakes. It's our own resident CFP OG. But that's not all halfway |
| 1:08.7 | through the show. I'll share my weighty trivia question. |
| 1:12.5 | And now, a guy who's got to be in his golden years by now, it's Joe. |
| 1:17.4 | Oh, Saul, see-high. |
| 1:21.3 | Should have seen that coming, Doug. |
| 1:22.8 | Hey, everybody, happy Friday. |
| 1:24.4 | So happy you're celebrating it with us. |
| 1:26.9 | Sit back and relax because we're about to have an hour of financial fun. Doug, how are you doing this pre-weekend recording? |
| 1:35.3 | Lovely, Joe. Feeling just delightful at the moment. How about how about you? I'm feeling fantastic. You know what I'm feeling fantastic, Doug? |
| 1:42.0 | I don't, Joe. Well, it's because this episode's brought to you by State Farm. That's why. If you're a small business owner, it isn't just your business, Doug. It's your life. Whatever your business might be, you want someone who understands. And that's where State Farm Small Business Insurance comes in. State Farm agents are small business owners too and help you, excuse me, whoa, and know what it takes to help you personalize your |
| 2:02.2 | policies for your small business. It's like a good neighbor. State Farm is there. Talk to your local |
| 2:06.3 | agent today. Maybe I should talk to them about learning how to read that. I don't know, don't know why. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.