Paul Merriman Builds Your Million-Dollar Roadmap to Success (SB1623)

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

🗓️ 27 December 2024

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What’s the secret to turning small, consistent actions into million-dollar results? Legendary financial educator Paul Merriman joins the basement crew to share his powerful principles for building wealth, including the critical role of diversification and the magic of target date funds. Whether you’re just starting or refining your portfolio, Paul’s advice is packed with actionable strategies to help you reach your financial goals.

This episode doesn’t stop there. We tackle the pros and cons of non-traded REITs, decode the SEC’s new push for investor transparency, and dive into an intriguing audience question: is rebalancing your portfolio really necessary? Of course, we sprinkle in some trademark basement banter to keep things lively.

Here’s what we cover:

Paul Merriman's top wealth-building principles
The pros and cons of non-traded REITs
How the SEC's new initiative aims to help investors
Why diversification is the only free lunch in investing
The power of target date funds for long-term success
Stocks vs. bonds: finding the right mix for your portfolio
Is rebalancing your portfolio necessary?
The importance of starting early and staying consistent

Whether you’re here for the financial wisdom or the banter from Mom’s basement, this episode will leave you better equipped to make smarter money moves. Let’s get stacking!

FULL SHOW NOTES: https://www.stackingbenjamins.com/5-million-dollar-ideas-paul-merriman-greatest-hits-1623/

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

Enjoy!

Learn more about your ad choices. Visit podcastchoices.com/adchoices

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Oh, gee, how many football games can you watch in a single day?
0:09.3	All of them.
0:11.5	There's only one right answer to that.
0:13.3	And Doug, exactly how much snow do they have in Northern Michigan today?
0:17.1	Not enough.
0:18.3	We need six feet more.
0:19.8	Is that an answer every... It doesn't matter how high it was.
0:23.9	Should always have more.
0:25.9	Yep.
0:26.4	Well, you know, you know,
0:27.3	spoken like Al Pacino in Scarface, by the way.
0:33.6	Six more feet of powder.
0:37.4	Making a lot of money. not wrong we are going through even
0:43.7	numbered years and our favorite mentors from those years in 2020 I had a really tough time
0:50.4	picking as I did yesterday for 2022 but you know what guys the reason that I
0:55.8	picked this mentor from 2020 is because lately we have shown the spotlight a lot
1:01.5	in this guy as I've talked increasingly about the efficient frontier and just
1:05.6	trying a little bit to put a little science on your investments over and above just VTSAX. VTSAX. And for people
1:14.3	who don't know what I'm talking about, there is a part of the internet that believes that you
1:18.1	should just have one fun. And while I think that's a great place to start, I think it's actually a
1:22.7	fantastic place to start. I think once you get to around $100,000, it's time to get a little more scientific.
1:30.4	And, oh, gee, I think we could probably even say the same thing about why somebody with less
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.