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The Stacking Benjamins Show

Making the Leap to Successful Investing (with Erin Lowry)

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

🗓️ 8 May 2019

⏱️ 74 minutes

🧾️ Download transcript

Summary

Erin Lowry from Broke Millennial learned early on about investing. As someone who's VERY conservative and not excited about losses, she didn't want much to do with investing. But, she'll tell us the story today about how she got started and about how you can make it easy. We'll talk about the types of funds to simplify your investment choices, how to add money, and what to do if the market isn't your friend (things start to fall apart).

Plus, in our headlines segment, one man who called the last two market downturns says there's another on the way. Should we be preparing for choppy waters?

Later on, we'll throw out the Haven Life Line to Larry, whose emergency fund has been drained after a few back-to-back expenses. Should Larry get his emergency fund back to capacity over time, or look towards his Roth IRA contributions to speed up the process? And in our letters segment, Brian has took a side gig delivering food for Uber Eats. After talking to some of his fellow drivers Brain is suspicious that they're defrauding the IRS by not paying any taxes on their earnings. Should Brian steer clear of their advice, or is he just missing out on easy money?

As always, we'll still save some time for Doug's trivia...which today is exceptionally epic.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Stackers, just a quick note before we hit play on today's awesome podcast episode.

0:07.7

If you're in the Midwest, specifically within driving distance of Detroit, we on Friday are hosting Grant Sabatier coming to the Metro Detroit area.

0:19.0

He'll be in Farmington Hills at our partners site,

0:22.6

a Green Path financial wellness.

0:24.5

Their goal is to remix the American Dream,

0:26.4

so it works for everybody.

0:28.2

And they really help people get their financial house in order.

0:31.6

And we're so excited to be partnering with them on this.

0:34.4

Also, Andy Hill for Marriage, Kids, and Money.

0:37.2

If you don't remember or don't know who

0:38.9

Grant Sabatier is, you can go back and listen to the episode when he was in the basement recently.

0:44.0

But he had, uh, what, $2.26 left in his bank account. And, uh, that was when he was 24 years old.

0:50.5

So if you're young, don't have any money, you want to hear Grant's story, whether you listen to the episode or come join us live.

0:57.3

Anyway, five years later, had a net worth of well over a million dollars. How did he do that? We're going to talk to him,

1:03.0

but we're also going to pull out the stops. We're going to do a little mini live version of the show.

1:07.8

My mom's neighbor, Doug, will do our announcer guy stuff. We've got, of course, Andy and I,

1:14.6

our friend Dorothea Kelly from Money Chat, who's been on the show many times will be there.

1:19.6

Our friend Kat Alford will be there. Cody Berman from the Fly to Five podcast will be there.

1:25.9

Man, I am super excited to welcome Grant Sabatier to Detroit.

1:32.6

Here is The Rub.

1:34.6

We announced this on Facebook just yesterday, and we had 70 seats.

1:39.7

I've been told we have less than 20 available as of the time that I'm recording this, which is 6 p.m.

...

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