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The Stacking Benjamins Show

Our Fad Finance Smackdown (plus a peek at our new Retirement Design Lab)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 21 May 2021

⏱️ 87 minutes

🧾️ Download transcript

Summary

While reading a recent blog post on fad diets, we were shocked to realize that there's a metric ton of horrible fad financial advice out there. Today we're joined by an award-winning cast of financial contributors who share some of their least favorite fads. Regular contributors Len Penzo (LenPenzo.com) and Paula Pant (Afford Anything podcast) are joined today by the host of Smart Money Mamas, the one-and-only Chelsea Brennan! (Yes, longer-time listeners, there really is a live person named "Chelsea Brennan.")

Plus, today we're unveiling our OWN new FinTech. It's frustrating to see the gulf in retirement planning capabilities between some of the robust software on the advisory side and the too-dumbed-down software on the consumer side. We've been hoping to help you bridge the gap since we began the podcast, and recently we FINALLY found a partner who'll help us launch our new planning software. Steve Chen is the creator of the Stacking Benjamins Retirement Design Lab, and he'll walk you through how it works today. Even if you're already comfortable with your current tools, we're going to talk about how to use whatever software you're using to ensure that you have the best plan possible.

Of course, we'll also feature our weekly trivia challenge between our three contributors. It's an exciting week while Paula and Len see if either of them can Chelsea Brennan Chelsea Brennan!

Enjoy!

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Nick Loper here from the Side Hustle Show.

0:02.6

When I'm not helping people earn money outside of their day job, I'm Stacking Benjamin's.

0:11.6

Live from Joe's Mom's Basement Doug, and gimmick diets don't work.

0:30.0

So we'll ask the question, what are the fad diets in personal finance?

0:35.0

Joining us today from smart money mamas, it's the woman we refer to as a verb when she's

0:40.5

not here, Chelsea Brennan.

0:42.6

And from the Afford Anything podcast, Paula Pant from Lentenzo.com.

0:49.4

Yep, you guessed it.

0:50.9

It's the one and only Mr. T.

0:54.3

I'm just kidding.

0:56.0

Mr. T is getting a fresh new birthday mohawk, so you're just stuck with old Len Penzo.

1:01.5

Plus, hoping to get a handle on your retirement, we did you a solid and built you the ultimate

1:07.9

retirement design lab.

1:09.6

And internally, we call it the retirement stack

1:13.3

a lotter we'll share how it works with our partner creator steve chin during our friday fintech

1:20.1

segment finally we'll magnify one lucky listener's money and i'll get the gears turning with my

1:26.7

tv related trivia.

1:29.2

And now, a guy who, I mean, he just pities the fool.

1:33.9

It's Joe Saul C. High.

1:42.9

I pity the fool that isn't me with this group of people.

1:46.1

You kidding me?

1:46.9

I get to hang out with all of you on a Friday.

...

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