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The Stacking Benjamins Show

Is a Latte Ruining Your Financial Independence? (with David Bach)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 6 May 2019

⏱️ 74 minutes

🧾️ Download transcript

Summary

On today's show, we'll sit down with David Bach, the nine-time bestselling author. What's keeping you from achieving your financial goals? Is it a latte a day? While it doesn't necessarily have to be a latte, our discussion with David will shed some light on the simple things in your life that could be holding you back from reaching your destination.

And in our headlines segment, we'll be joined by Ashley Boucher of Sallie Mae. Sallie Mae has released their Majoring in Money 2019 report, and among some of the more surprising discoveries is that some students hold FIVE credit cards. We'll discuss more of the big takeaways from the report during our call with Ashley, along with covering an article from InvestmentNews about Schwab's new portfolio management tool.

Later in the show, we'll throw out the Haven Lifeline to Thomas, whose son has gotten all of his college paid for this past year, (with money to spare!) Thomas' son wants to put the extra $3000 into a Roth IRA. Are they allowed to do this, or are there some restrictions that are in place?

Then, in our letters segment, Dano has some questions about how he should allocate his retirement funds. With Dano paying a percentage of his money to a pension, wouldn't that be considered his "safe" investment? When Dano is putting money into his Thrift Savings Plan account, couldn't he put all of the cash into the more aggressive funds?

Of course, we'll also make some room for Doug's trivia, so don't you worry.

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Transcript

Click on a timestamp to play from that location

0:00.0

Here's the song that we'd like to do for all the younger set of people, the teenagers and what have you.

0:05.0

This one's called Vacations Open.

0:10.8

Vacations all that is.

0:13.8

It's over. It's over.

0:25.9

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

0:37.6

I'm Joe's Mom's neighbor, Doug, and welcome.

0:40.6

Here in the basement, we keep a crazy holiday calendar.

0:46.7

You all know that already, and it tells me today is National Tourism Appreciation Day.

0:49.2

Consider me your tour guide.

0:56.3

First, here's the table where we often talk to fantastic guests who visit the basement, and today's no exception.

1:00.9

Help us welcome nine-time bestselling author, David Bach.

1:07.4

Over here, you'll see the notes for our headline segment, including a report by Sally May,

1:12.3

which finds that students hold on average five credit cards.

1:14.0

That's going to be interesting, won't it?

1:18.7

Oh, and joining us from Sally May will be Ashley Butcher.

1:20.4

Oh, whoa, oh, whoa.

1:26.3

And just up ahead here is the rod and reel that we use to throw out the Haven Lifeline.

1:31.5

And today, we're going to do that to someone who calls in with a money problem that they'd like guys to solve.

1:33.2

Oh, oh, and just over here on your left is the mailbag where we'll pick an answer to a letter

1:38.8

from a listener.

1:40.0

And finally, check this out.

1:42.2

These are my notes for the best part of the show, which will be a segment called My Incredible Trivia.

...

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