Lessons on Adulting: Launching Your Money-Savvy Family (with Bobbi Rebell)

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

🗓️ 21 March 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Think of a money mistake you made early in your adult life. It might have been getting into trouble with credit cards or not saving into -- or even knowing about! -- your company's 401k plan, or maybe you didn't know how to budget. If you could go back in time, what advice would you give yourself to avoid those sticky situations? Our guest today is passionate about helping the next generation become better with their money. From learning about taxes and investing to setting a budget, Bobbi Rebell has been through it all with her kids. She shares the money lessons she taught her kids to avoid making the same mistakes she once made. She shares how you can help others, too. Even if you don't have kids, these tips can apply to anyone.

During our headline segment, we dive into Roth IRAs. The stock market decline to start this year has had many people wondering if they should take advantage of a Roth conversion. We discuss the tactics of this strategy and give you things to think about if you are considering it. We'll also answer Mattie's question about sinking funds, and to top it all off, Doug will share his trivia.

Enjoy!

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Transcript

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0:00.0	Got a great message today from my friend Maggie, who has been in our Stacker Community OG for a long time.
0:08.6	She actually was our MC at our Fort Lauderdale event.
0:12.3	And she was talking about something that we consistently do, but a lot of people do, which is we talk about the Ukraine versus Ukraine.
0:22.9	And Taylor, who used to work with us before he had a strapping baby boy and his world got
0:29.5	very, very complicated in a hurry.
0:32.0	When you have a baby, your world gets very complicated.
0:35.1	But his family's from Ukraine.
0:37.3	And he would rant. It's not
0:40.9	the Ukraine. It is Ukraine. I don't really get it. I'm from the Texas. You guys are from
0:48.8	the Michigan. I'm from the Texarkana, the Texarkana. Yeah. I'm kind of glad to hear that, though, Joe, because no joking. I just was thinking about that the other day. Like, why do we call it the Ukraine? Was it a region at one time before it had borders? Was it like the Dardanelles? So I guess it's not a thing. We've just been doing it wrong all this time. I don't know. I don't know. But I do know this. I know there are people protecting us that are in harm's way. So on behalf of the men and women at Navy Federal Credit Union, the people making this podcast, let's send a big shout out to our troops this week. Stay safe, people. And let's all go stack some benjamins together. Also, sir, I'm a tremendous fan of the host of Wheel of Fortune, people. And it's all go to stacks and benjamins together.
1:32.8	Also, sir, I'm a tremendous fan of the host of Wheel of Fortune, Mr. Pat Sejack, I must say.
1:36.8	Over the years, I've sent him over 40 letters of encouragement.
1:41.0	Because I would imagine that he would be like a pretty decent guy, huh?
1:48.5	Live from Joe's mom's basement,
1:51.6	it's the stacking Benjamin show. I'm Joe's neighbor, Doug, and do you feel like a financial grownup?
2:05.0	Today, to help you make sure you don't end up like Joe's mom with your kids still living in your basement,
2:10.6	trying to make a living as an influencer, we welcome author of launching financial grownups, Bobby Rebell.
2:18.2	In headlines, advisors are recommending one strategy right now as a salve for the down market.
2:24.7	We'll share that just before our TikTok minute where you'll find yourself falling over.
2:30.1	And we'll throw out our Haven Lifeline to Maddie, where we'll talk about a concept called Sinking Funds.
2:36.5	Then I'll launch my own grown-up trivia.
2:39.8	And now, two guys who only launch up the stairs for lunch, it's Joe and O J-J-J-J-J-J-G.
	...

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