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The Stacking Benjamins Show

How One Family Paid Off a $330k Mortgage in 5 Years

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

🗓️ 14 January 2019

⏱️ 88 minutes

🧾️ Download transcript

Summary

Ever wonder how someone decides to aggressively attack a goal, like paying down your mortgage? Talaat McNeely and his spouse Tai decided to think HUGE thoughts when they set out to pay off their house in five years. They didn't know how they'd do it, but they set out anyway and took action, and ultimately accomplished their goal. Today Talaat will tell their family's fantastic story from start to finish. He'll share what they did well and also how they could have maybe paid the house off even faster. He'll share their feelings and emotions along the way that sometimes came near sabotaging their goal...and at other times that helped spur them on to victory. Plus, in our headlines segment, we'll detail a great list of questions you should ask a financial advisor. Do you have questions ready when you go in to see an advisor? We'll share some of our favorites before jumping over to our second headline: one California man learns ten million reasons why you shouldn't tell your roommates about hitting the jackpot... see where this is going? Yeah, it's a cautionary tale.  Later on we'll throw out the Haven Life Line to Colin, who wants to know our thoughts on target date funds. He's been dollar-cost averaging into a Vanguard target date retirement fund for the past 10 years. Should Colin change his investment strategy? What are out thoughts? We'll also get through TWO letters today. First, Shaun is a financial advisor and wants to know what type of data he should be presenting his clients. Next, will take on a letter from Christy, who writes in to address our answer to a letter asking about individual life insurance. And don't worry... we'll still take some time for Doug's trivia. Thanks to Masterworks for supporting Stacking Benjamins. Visit Masterworks.io and reserve your shares now. See disclaimer at Masterworks.io/disclaimer. Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for you free box of Omax3 Ultra-Pure. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

DelSugger Monday events, their biggest sale of the year, shop limited time deals on laptops like the stylish innovative XBS 13 engineered to do it all on the Intel Evo platform.

0:11.0

Plus, say big on ultra- sharp monitors and top brand accessories shop now at

0:15.6

Dell.com slash deals to take advantage of huge savings and free shipping again

0:21.1

that's Dell.com slash deals.

0:27.0

Hey this is Rob and when I'm not busy regulating the transmission rates of our

0:31.8

public utilities.

0:33.3

I'm stacking Benjamin's.

0:35.0

Yeah.

0:36.7

Live from Joe's Mom's Basement.

0:39.2

It's the Stacking Benjamin show.

0:41.8

I'm Joe's Mom's Neighbor Dug, and I'll bet you notice the lack of theme

0:45.2

music today. You know, all the big recording artists do Acapella and acoustic versions of their songs and

0:51.8

they're usually like huge hits, I right so it's not a stretch to think that an

0:56.8

a cappella version of this podcast is finally what it's going to take to get this show all the way up to three whole listeners.

1:05.0

Well, that, and the fact that on today's show, we have the story behind one family who paid off their

1:12.0

house in less than five years and all on a

1:15.4

less than six-figure salary. Please welcome from his and her money Talent McNeely.

1:21.4

Plus in our headline segment what questions should you ask a

1:25.5

financial advisor? We'll share some favorites and we'll throw out the Haven

1:30.4

Lifeline, answer a listener letter, and share some of my amazing trivia,

1:35.8

all gloriously A cappella!

1:40.6

And now, two guys who are probably going to struggle with this new format.

...

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