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The Stacking Benjamins Show

Negotiating the World of High-End Real Estate (with Kirsten Jordan)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 17 May 2021

⏱️ 79 minutes

🧾️ Download transcript

Summary

If you're wondering how the inside world of high-end real estate works, our guest today will share stories and lessons from the top. Kirsten Jordan is the newest cast member of popular Bravo reality series Million Dollar Listing: New York. She's a real estate broker who's overseen over $500M in sales, so if anyone knows how to sell real estate, it's her. Today she'll talk about the price of mentorship, staging homes, leaving people feeling good vs trying to scoop up every dollar, and realizing that not all financial purchases can be whittled to numbers on a spreadsheet. Are you receiving misleading, inaccurate data from your financial advisors? Riskalyze CEO Aaron Klein says his company, which provides data advisors use for their clients, is superior to another company's inaccurate information. Is Klein speaking the truth, or is there something more at play here? Thankfully, OG has extensive experience with both systems and breaks down what really matters here - and it's not type of graphs you're using. Of course, because it's Monday, we have to share a new TikTok video of the week. The fun this go-round? How about some guy who made all the wrong decision - maxing our credit cards, investing all of his spare cash and savings, and consolidating all of his previously diverse stocks into a single position - and still somehow struck gold... Sounds like a lucky dream? Only if Mr. Diamond-Hands chose to cash out. We also share some news that proves we were wrong and couldn't be happier about it. Like many people, we wrongly assumed the stimulus money would go to electronics, games, and new smart TVs. While that did happen, a LOT more money than we expected flowed into stocks. While not our favorite choice, cash also made its way into cryptocurrencies (as today's TikTok shows). It's good news, but we play Devil's Advocate a bit too: could some minor market events scare of a new generation of investors out the market? Has investing become to gamified with the rise of easy-to-invest apps? We discuss that and more during our second headline. Our Haven Life Line finishes today's show: Elle's advisor wants her father to rollover his 401k to an IRA. Hypothetically, this would let Elle use a Stretch IRA when she receives her inheritance. Only problem? The Secure Act of 2019 killed the Stretch IRA. Plus, Elle's father has company stock in his 401k and messing with that comes with big tax savings considerations. (You'll hear one of our hosts tell you this is turn around and find another advisor level of a mess-up). More on that during the show. Of course, we always make 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

Hey, oh, gee, I think it's time we press record and start any week of shows. What do you think? I already pressed record. Is that okay?

0:08.1

Yeah, I think so. Okay. I mean I can unrecord and then start. Oh, no, no, no, no, no, no, no, because it's time for our Navy Federal shout-out to the men and women of our

0:19.7

Armed Forces before we kick off our week. I've got this book a thousand or one things to love about military life

0:26.5

That the kind people Navy Federal sent me of this is number 364 the level to which military spouses step up and volunteer

0:33.6

Did you know this according to the blue star families military family lifestyle survey 2010

0:39.6

68% of respondents have volunteered in the last year 68% military spouses get involved in their community

0:46.5

Even though like we talked about with

0:49.1

Retired colonel Clay Stackhouse last week

0:52.3

Many of them know they're not going to stay in that community that they're probably

0:56.2

Moving on to a different community. It's some at some unforeseen time

1:00.6

So on behalf of OG and I and the men and women of Navy Federal

1:05.2

There's a shout-out to our armed forces. Let's go stacks and Benjamin's together peeps

1:12.4

My plan is sound mathematically sound it cannot fail. It's perfect

1:17.6

Three months from now. I will be worth $50,000

1:22.3

Independent for life

1:25.7

You

1:31.6

Live from Joe's mom's basement. It's the stacking Benjamin show

1:47.1

I'm Joe's mom's neighbor Doug and how about this hot hot real estate market and where is real estate almost

1:55.8

Always on fire New York City of course

2:00.4

Today we welcome the newest star of Bravo's reality TV series million dollar listing New York

2:08.0

Kirsten Jordan

2:09.9

Plus stock ownership is on the rise. How's your portfolio looking

...

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