Our Best Advice For New Savers and Graduates (Your Letters)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 3 June 2020

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are you just beginning your journey toward investing or know someone graduating from high school or college? On today's show we'll field a letter from Jonathan with some help from our friend Christine Benz at Morningstar. What things should graduates and new savers think about first? Where do they make mistakes? What resources and books are great reads? We'll tackle all of those questions during today's episode answering your questions! We'll also tackle a question about target-date funds. Why do most target date funds stink? We'll explain. Also - have you thrown away your stimulus money accidentally? If it hasn't come yet, there's a good chance you have. We'll explain why there's been such a mix up on today's show. We'll also wonder aloud about the news last week out of Silicon Valley. Has COVID-19 created a new normal for workers which includes working from anywhere? Twitter says "Yes," and Facebook says...."Maybe." We'll explain. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I mean you're living in your mother's basement right in the blog on finance
0:03.6	really you should stay off the computer son and get a job
0:06.9	seriously
0:11.4	live from Joe's mom's basement, it today is National Leave the Office Early Day.
0:32.0	Yet here's neighbor Doug again opening the show.
0:36.0	When you're as irreplaceable as me, you can't afford to take a breather.
0:40.0	On today's show, not only am I here for you, but guys are going to answer your questions with a little help from Morning Stars Director of Personal Finance, Christine Bens.
0:50.0	Plus, where the heck is your stimulus money?
0:53.0	Did you accidentally throw it in the trash?
0:55.0	Unfortunately, chances are pretty good you did.
0:58.0	We'll cover that mess during our headline segment.
1:01.0	Then we'll also toss out the Haven Lifeline and of course
1:04.5	I'll briefly humor you with some of my work-related trivia and now two guys who
1:10.5	really need to start picking up a little more slack around here.
1:14.6	It's Joe and O, J-J-J-J-J-J-J-J-J-J-J-J-G. And here just in the nick of time to pick up the slack I am Joe Salcei
1:28.8	I average Joe Money on Twitter. Welcome to Wednesday everybody. Let me be the first one to
1:34.3	welcome you. We have the coffee hot. We have the microphones hot and across the
1:39.1	table from me is the man with the cold hard outlook on life, the one and only
1:43.8	o g.
1:44.8	Somebody said something about going home early.
1:47.2	Just want to clarify that.
1:49.0	Just want to float that.
	...

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