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The Stacking Benjamins Show

How To Save Your First $25,000 (with Scott Trench)

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

🗓️ 10 July 2017

⏱️ 66 minutes

🧾️ Download transcript

Summary

How do you get started on the road to saving? While you can't frugal your way to wealth, you CAN learn to be more efficient, and author Scott Trench joins us to share the first steps in his roadmap toward wealth. We'll talk about building the foundation you'll need to amass wealth...namely, how to save your first $25,000. Surprisingly, it isn't all just about focusing on your income, according to Scott. There are some ways you can make cuts in your life that will help you grow money faster. In our headline segment, one of our hosts goes off the rails today, as we talk about advisors who are unscrupulous. Thinking about hiring a financial advisor? Maybe you want to listen to this discussion first. Then in our second headline, we tackle another 401(k) fee lawsuit, but the guys surprisingly come down on the other side of THIS lawsuit than they have lawsuits brought up on the show in the past. Of course, that's not all. We also throw out the Haven Life line to a lucky caller and answer your letters. We can't forget that Doug's always waiting in the wings, and as always, has trivia on today's show. Special thanks to M1Finance for sponsoring our show! We couldn't do any of this without the support of these awesome companies. 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

0:09.8

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 are in life,

0:22.4

you'll feel special with Discover. Learn more. No matter who you are or where you are in life,

0:22.6

you'll feel special with Discover.

0:24.6

Learn more at Discover.com slash credit card.

0:27.4

Limitations apply.

0:28.9

Ah!

0:30.1

They're dogs and they're playing poker!

0:33.4

Ah!

0:34.4

Ah!

0:36.4

Ah!

0:37.4

Ha ha ha! Live from Joe's mom's half Doug and today we're talking about saving your very first $25,000.

1:05.0

I remember when I saved my first 25 grand.

1:09.0

It was 1996 and I just signed my name on this paperwork that gave me 25 k to go to college.

1:16.0

Well, the joke was on them because I never went.

1:19.0

Actually, why does that chick Sally may keep calling me saying she wants her money back?

1:24.3

That's weird. Anyway on today's show with an alternative way to save your first

1:29.7

$25,000 from Bigger Pockets, Scott Trench.

1:34.0

Also in our headline segment, we'll talk about bad financial advisors.

1:38.0

We'll also throw out the Haven Lifeline to a lucky listener,

...

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