Our Best Money Advice For Beginning Savers No Matter Your Age SB RWD 92
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 3 May 2019
⏱️ 56 minutes
🧾️ Download transcript
Summary
To end our rewind week we present one of our favorite roundtable topics. How do you start saving, when you feel like you can't? I think most people are in this boat, based on statistics about how much money the average person squirrels away. So, here with good facts and humor, were Len Penzo, Hilary Hendershott, and Hannah Rounds. Plus, our friend Shannon McLay was just opening her wildly successful Financial Gym in New York (now she's expanding it all over the USA). We talk to her in this episode about her launch.
Here are the show notes from the original episode:
What was the best advice someone could have given you when you first started investing? If you're a new investor OR a seasoned pro, you're in luck because our roundtable team are all sharing their best tips today to help get the ball rolling. We're joined by two great guests today (along with the amazing Len Penzo)...host of Profit Boss Radio, CFP Hilary Hendershott AND one of our favorite writers, Hannah Rounds from Unplanned Finances. Not only will we talk about getting started early with your financial plan, but then we'll also tackle problems with brokers and sales incentives. How do you know you won't get burned? Finally, we'll answer a question originally asked of The Moneyologist at MarketWatch.com...what would you do if you found out your mother had taken out lots of credit using your name illegally? Would you turn her in? You'll be surprised by all of our answers.
THEN in the FinTech segment, we're actually going to go anti-FinTech this week and talk to our friend Shannon McLay about her new concept coming to a city near you, the Financial Gym. What happens when you give your money a workout? How does it work? Maybe, even though we talk about great ways to use your phone for planning purposes, maybe face-to-face coaching has a place in your planning, too.
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Transcript
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| 0:00.0 | pre-recorded from Joe's mom's basement. |
| 0:06.9 | Welcome to another rewind episode of The Stacking Benjamin Show. |
| 0:10.6 | Hey everyone, I'm Griffin the intern, or like Mary the male lady, likes to call me the Fintern. |
| 0:16.0 | Happy Friday, everyone. |
| 0:17.2 | We started the week with strong inspiration from John Hope Bryant. |
| 0:20.6 | We followed that up on Wednesday |
| 0:21.9 | with fantastic advice from Courtney McDermin. And don't think we're losing any steam just because it's |
| 0:26.5 | Friday. On today's roundtable, our amazing team of contributors are looking back in time to figure out the |
| 0:32.0 | best advice they could have gotten when they started investing. Between Len Penzo and guests |
| 0:36.5 | CFP Hillary Hendersonshot |
| 0:38.7 | and financial writer Hannah Rounds, |
| 0:41.0 | there is plenty of advice to go around. |
| 0:43.2 | Plus, in our old school day of answering moneyologist questions, |
| 0:46.7 | the gang will give their responses to a mother taking out |
| 0:49.1 | lots of credit in her son's name. |
| 0:50.8 | Would you turn the mother in? |
| 0:52.3 | I won't spoil the responses, but you'll be surprised |
| 0:54.6 | by the answers. Huh, was that a door I just heard? Sounds like the guys are back with their |
| 0:59.9 | phoomy beverages to celebrate. Joe tells me that on Monday, they'll kick things back off again |
| 1:04.4 | with nine-time New York Times bestseller David Bach, and on Wednesday, they'll follow it up |
| 1:09.1 | with best-selling author Aaron Lowry. |
| 1:11.2 | It's going to be great. |
... |
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