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The Stacking Benjamins Show

Movies Online Will Never Work (with Marc Randolph)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 8 February 2021

⏱️ 70 minutes

🧾️ Download transcript

Summary

It seems absurd now, but Netflix co-founder Marc Randolph was told early on that his company name would never work. Today, he's going to give us some of the same advice he's giving on his new podcast, "That Will Never Work." We'll discuss fighting fear, hiring the right team, having conviction in your ideas, and more. And don't worry if you aren't interested in becoming an entrepreneur. We also asked Marc how to interview better (he's interviewed thousands of people) AND how to ask your boss for a raise. In fact, you'll be surprised what he has to say about raises. Wondering what's going on in the world of fintech? During our headlines, we'll share the newest developments in tech that helps you manage money better. From advancements in technology making your information more secure against hackers to new-new digital banks promising more consumer-friendly resources and more, there's a ton of interesting developments on the horizon. We'll cover many of them. Plus, we'll tackle a headline about Jeff Bezos stepping down from Amazon. Do you think he finally reached his magic number and has enough to retire? Maybe he gave of the lattes and buckled down? Probably not, but that won't stop us from talking about setting goals, retirement, and more. We'll finish today's show with a question we often get about 401k plans. After you leave a company, should you move your funds? Josh left the basement a voicemail explaining that he likes keeping his investments in one place so it's simple to stay focused on the big picture. However, Josh won't be able to contribute to the Thrift Savings Plan after he retires from the military. He asks: is there a benefit to keeping his money in the account? Would he be missing out on anything if he rolls his TSP over to a Roth IRA? As always, we'll save some time for Doug's trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is Darrell from Pennsylvania. When I'm not busy arguing with a four-year-old, I'm stacking

0:06.0

Benjamin's.

0:07.0

No, Daddy.

0:14.0

Live from Joe's Mom's Basement. That's the Stacking Benjamin Show.

0:19.0

I'm Joe's Mom's Neighbor, Doug, and I've ever had someone tell you that idea stinks!

0:33.0

Happens to me every day, and I bet you've had it happen too. Well, today's guest heard

0:38.0

a thousand times that his ideas would never work.

0:41.0

Today, we welcome a guy who had a horrible idea about renting movies over the Internet.

0:48.0

Seriously, who do that? He's the co-creator of Netflix, Mark Randolph.

0:53.0

Plus, we'll discuss five new ideas experts think will help you manage your money better in 2021 than ever before.

1:01.0

And we'll discuss a guy who decided to retire early after his company called Amazon apparently made it big.

1:09.0

And even after all that goodness, we'll still have time to toss out the Haven Lifeline to Josh,

1:15.0

who has a retirement plan he wants to roll over, so his fewer accounts to focus on.

1:20.0

Is he missing anything?

1:22.0

And I'll blow you away with my Nasdaq themed trivia.

1:26.0

And now, two guys who have somehow maintained the conviction to record this podcast,

1:31.0

it's Joe and O-J-J-J-G!

1:37.0

Are you kidding me, Doug? This is by far the most fun thing we do all week.

1:48.0

At least we have the podcast. Hey, everybody, welcome to podcasting to entertain yourself for the win.

1:54.0

I'm Joe Salcihi, average Joe Money on Twitter, and across the card table from me again on a glorious Monday.

2:00.0

It's my good friend O-G.

2:02.0

Monday, Monday, Monday!

...

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