Money: What Each Generation Gets Right (& Wrong) with Ben Carlson

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 25 June 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

#233: Explore how different generations approach money and what they get right (and wrong) about saving, investing, spending, and building wealth. We dig into the psychology of money across generations and share practical lessons on homeownership, retirement, automation, points inflation, and more. Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management. He runs the popular financial blog, A Wealth of Common Sense and is the author of four books on investing and personal finance. He also co-hosts one of my favorite podcasts: Animal Spirits. Link to Full Show Notes: https://chrishutchins.com/financial-mindsets-across-generations-ben-carlson Partner Deals Superhuman: Free month of the fastest and best email with code ALLTHEHACKS Green Chef: 50% off your first meal kit with code 50ALLTHEHACKS Notion: Try Notion AI free to automate tedious tasks and streamline your work Bilt Rewards: Earn the most valuable points when you pay rent DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Ben Carlson: Website | Animal Spirits Podcast | X Ben's Post: Financial Advice That Doesn’t Work Anymore Morningstar Column by John Rekenthaler Tim Ferriss Ep #815: Helping Tim Burn 15M+ Miles and Points, Flipping Costco Gold Into Five-Star Trips & More Award Travel Search Tools AwardTool: $20 off annual plans with code ALLTHEHACKS PointsYeah Points Path Chrome Extension Coinbase One: Join the waitlist here ATH Podcast Leave a review: Apple Podcasts | Spotify Email for questions, hacks, deals, and feedback: [email protected] Full Show Notes (00:00) Introduction (02:27) The Great Wealth Transfer From Boomers to Millennials (05:52) Financial Mindsets Across Different Generations (09:10) Current Status of the Housing Market (11:37) Spending Habits in the Travel Industry (14:28) Financial Lessons From Every Generation (19:09) Stock Market vs. Housing Market (25:41) Financial Advice That Doesn't Work Anymore (27:33) How to Learn to Spend Money and Enjoy It Now (31:39) The Spectrum of Coast FIRE (38:48) Ben's Take on Social Security: Is It Worth It? (41:25) How to Navigate the Current Market Volatility (47:08) How Demographic Changes Impact the Investment Landscape (50:27) Active vs. Passive Investing (52:45) Different Ways to Automate Your Finances (54:26) Credit Card Points Inflation and Its Impact (58:09) Credit Card Returns: Cash Back vs. Welcome Offers Connect with Chris Newsletter | Membership | X | Instagram | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	With the biggest wealth transfer in history underway, how people think about money has never mattered more.
0:08.0	So today we'll break down what each generation gets right and wrong about saving, spending, and investing,
0:14.0	so you can learn from their wins and avoid their mistakes.
0:17.0	You'll walk away with insights on everything from navigating home ownership and
0:21.5	inheritance to knowing when to play it safe and when to take more risk. So whether you're navigating
0:26.4	home buying, just starting to save, or figuring out your retirement, there is something here for
0:31.2	every generation. And to do all this, I'm joined by Ben Carlson, a seasoned financial advisor and
0:36.6	widely respected voice in the space
0:38.3	to help you rethink how your financial mindset stacks up and what changes might get you further
0:43.4	faster. I'm Chris Hutchins. If you enjoy this episode, please share with a friend or leave a comment
0:48.5	or review. And if you want to keep upgrading your life, money, and travel, click follow or
0:53.0	subscribe. Now, let's get
0:54.7	into it right after this. If you didn't already see, there were some major changes to a very
1:00.0	popular travel card earlier this week, including an increased fee, improved benefits,
1:04.9	the addition of a business version of the card, and two huge new welcome bonuses of 100 to 200,000
1:10.3	points worth as much as $4,000.
1:13.2	If you want to read more, I wrote up all my thoughts at all the hacks.com slash CSR,
1:18.4	or you can find a link in the show notes.
1:22.1	This episode is brought to you by Superhuman.
1:24.7	I've used Superhuman for years, and it's hands down the best way to do
1:28.3	email, assuming you value your time, which I absolutely assume you do. That's because Superhuman
1:33.6	is the ultimate solution for inbox decluttering and enhanced productivity. It's also the fastest
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