Know Yourself, Know Your Money (with Rachel Cruze)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 4 January 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Most of us start each year looking at external goals, such as "What can I gain," or "How can I achieve...", but after the dumpster fire we just experienced last year, we think the best place to begin 2021 is to look INWARD. If you know yourself better, you'll be able to address your strengths and cover your weaknesses. On today's show, Rachel Cruze joins us to tackle your money history and how your family, upbringing, and past mistakes can help you become a more powerful saver, spender and earner this year and beyond. It's a powerful interview and we're excited to help you avoid the shame, remorse, and guilt that many of us feel around our financial lives. "You can change yourself and you can change your habits." - Rachel Cruze In our headlines segment, we'll discuss the tremendous pressure many students feel to go to college, by tackling one star who just emerged from her prison sentence. We'll also tackle the new Social Security rules for 2021. While there are lots of changes, even if you aren't yet receiving Social Security benefits, we'll widen this topic to share some best practices when it's your turn to apply. During the Haven Life Line we'll take an answer from Eric, who has questions on HSA contribution limits. While his wife has an FSA, Eric has an HSA for him and his son. Eric asks: does he fall under the single contribution limit, or is he covered by the family limits? Of course, Doug will share another fantastic trivia question, and there's much, much more. Happy New Year! Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is Rebecca from Connecticut.
0:02.0	Instead of stacking Hamilton's and Jackson's,
0:05.0	I'd much rather be stacking Benjamin's.
0:08.0	Live from Joe's mom's basement at the good red-ins 20-20. Let's bring on some 2021 shall we and to kick it off on the right foot let's say
0:37.6	hello to money mentor Rachel Cruz. Plus what are the 2021 changes to Social Security? We'll discuss this
0:47.2	scintillating topic and more hilarity during our headline segment.
0:53.0	And finally, we'll toss out the Haven Lifeline to Eric,
0:56.5	who has a question about contributing to both an HSA
0:59.5	and an FSA, PDQ or ASAP as it were and well I'm not sure what the hell we're really
1:06.4	talking about here Joe and OG will share contribution limits for a family and
1:12.3	then how personally crazy limits for a family and then I'll personally crank the gears with my science related
1:17.2	trivia. And now two guys who should probably pay very close attention to the Social Security updates if you know what I mean.
1:26.7	It's Joe and O J J J J J J J J J J J G. G and a happy first Monday of the new year to you peeps I'm Joe Salcei average
1:41.1	Joe money on Twitter and oh gee old guy jokes already. The year's just begun
1:46.4	and Doug's already got the old guy jokes flying off the shelf.
1:49.4	I thought that I was pretty clear that the secret to success in 2021 is to not work the first
1:56.2	Monday of 2021. I thought you said the second, third, and fourth Monday. Well, let me rephrase.
2:03.0	I wanted to talk to you about my schedule upcoming,
2:07.0	but if you want to do it now, we can.
2:10.0	Well, you know how you save a bunch of money, don't you?
2:12.8	So that you can take every Monday off all the time.
2:15.6	Make sure that you've got your credit cards paid off in full.
	...

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