Make Better Insurance Decisions (with Amy Finkelstein)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 30 January 2023
⏱️ 69 minutes
🧾️ Download transcript
Summary
Want to impress your friends at your next neighborhood cookout? Not only tell them that you saved money on your insurance, but also humblebrag that you listened to today's show and actually understand WHY you made better decisions. MIT professor Amy Finkelstein joins us with stories about insurances gone wrong, sharing details so you better understand how the system works. We'll talk about, among other things, why health insurers want to know if you go to the gym (not the reason you think), what American Airlines has to do with insurance nightmares, and why your company only offers "open enrollment" once per year.
In our headlines segment, have you thought about leaving the USA to pursue your next opportunity? We'll share a new list of the top places to live for young professionals. In our TikTok minute, we'll profile some people who may need to pay more attention while on the job. And of course we'll save time to throw out the Haven Life line to Mike who lost a bunch of money in crypto and also share some of Doug's mouth-watering trivia.
FULL SHOW NOTES: https://www.stackingbenjamins.com/amy-finkelstein-1311
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at StackingBenjamins.com/201.
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Transcript
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| 0:00.0 | It's a Monday. You know, we do to kick off every Monday. We talk about how great our weekend was and how we got to mess around while there were people way, way, way braver than us. |
| 0:11.0 | Instruction projects, driving lessons. More info to follow. Yes. Yeah. Yeah. OG might have an insurance claim in his future, which is cool that we have Amy |
| 0:20.9 | Ficklestein on today from MIT talking about the nature of insurance. |
| 0:24.9 | But somebody who takes care of us all the time are our troops, some buddies who take care of us |
| 0:31.8 | all the time so we can have a great weekend, rearranging the garage and such. |
| 0:36.8 | But why don't we raise our mugs at this point? |
| 0:40.3 | So, Joe, I'm disappointed to see that you are not using your Zion mug. |
| 0:45.2 | And here's why. |
| 0:46.9 | Because I remember it after the fact. |
| 0:48.7 | Remember how I asked you, oh, my God, have you ever washed that mug? |
| 0:51.2 | Because the inside of the mug is a map, but I couldn't tell. |
| 0:54.0 | Yes, right. |
| 0:54.6 | And it just looks like that nasty, dark, coffee-stained mug that what I'd forgotten about |
| 1:00.3 | I dawned on me a little while after that was that the classic Navy officer's mug is as nasty. |
| 1:10.1 | The inside, like, it is a point of pride to have the inside of that mug just as nasty and stained as possible. And that's... I should do that. Yeah. The patina? Yeah. And you can't... Like a cast iron pan? It is exactly what it's like, O.G. Is a cast iron pan. Like, you can't wash it, but you also have to only drink black coffee. Because if you do cream and sugar, it, like, grows stuff in there, and that's where all the, you know, the crap comes from. But if you just drink black coffee and you just kind of do a light rinse and dump it out, and then you just keep on going for, I don't know, three, four years, you finally |
| 1:44.4 | will get this three or four years. You will finally get the mug of a naval officer. So I thought |
| 1:51.8 | that was perfect for our salute to the military. Well, I'm actually, yeah, I got a different thing |
| 1:57.4 | going. I've got Boulevard Brewing, which is proudly brewed in Kansas City, it says. So, you know, beer or coffee, whichever you want. But also, this is the home of the World War I Museum. Have you guys been to the World War I Museum? Speaking about our troops. Oh, man, I hear amazing things about that. I have not been. Just incredible. The World War II Museum in New Orleans is also amazing, both of those. But yeah, some people, you know, you get this pit in your stomach. The sacrifices people made for us are just amazing. So let's raise our, raise our mugs. On behalf of the men and women creating podcast and mom's basement and the men and women at Navy Federal Credit Union, big salute to our troops. Let's go stack some Benjamin, shall we? |
| 2:39.3 | Hey, everyone. |
| 2:40.3 | Just a reminder to tell Joe's mom, |
| 2:42.6 | she looks like she lost weight |
| 2:43.6 | because I accidentally parked on the grass again. |
... |
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