Planet Money Co-Creator Adam Davidson: The Passion Economy

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

🗓️ 8 July 2020

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is your job going bye-bye? Today's guest says, "Probably." But how do you succeed in an economy that seems structured against you? On today's show, we're excited to have a deep conversation with the co-founder of NPR's Planet Money and the creator of the new Passion Economy podcast, Adam Davidson. We'll touch on what the future of technology means for you, for the economy, and how our current economic situation is "more of the same" or "different" than the country's last two big downturns... and how you can STILL do what you love in an economy that's constantly changing.

Plus, why in the world are people investing in bankruptcies? Is the Hertz stock fiasco ringing a bell? During our headlines we'll explain how the concept behind "knowing just enough to hurt yourself" caused amateur investors to lose their Benjamins.

Later we'll throw out the Haven Life Line to Dave, who has been laid off this year. Dave and his spouse were previously unable to contribute to a Roth, but they're now eligible. Dave is thinking they should convert their traditional IRA over to a Roth and he wants to know our thoughts.

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Transcript

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0:00.0	Hey, this is Joe Crane, host of Veteran on the Move podcast.
0:02.8	And when I'm not helping veterans transition on entrepreneurship, I'm stacking
0:06.5	Benjamins.
0:12.3	Live from Joe's mom's basement, it's the Stacking Benjamin's show.
0:17.3	Yeah. Benjamin's show.
0:33.6	I'm Joe's mom's neighbor, Doug, and today we will finally discover where the best planet in our solar system is hiding.
0:40.3	What better planet than one that's made of money. And to help us decipher the exact location,
0:49.2	we welcome today one guy who was behind the wildly successful podcast, NPR's Planet Money, Adam Davidson.
0:55.0	Plus, all of the volatility in the stock market has led to some interesting investment trends.
0:59.0	Is investing in bankruptcies a viable way to outperform the market?
1:03.3	We'll talk about Hertz and other bad ideas on today's show.
1:08.1	Plus, if discovering a new planet isn't enough for you, don't worry, there's more.
1:11.0	We'll also toss out the Haven Lifeline to Dave,
1:15.1	who has a question about converting his traditional IRA to Roth.
1:19.4	And, of course, we'll save time for my out-of-this-world trivia.
1:23.7	And now, two guys, you are just a couple of space cadets.
1:25.0	Yeah, that's right, I said it.
1:27.4	Joe and O. J-J-J-J-J-J-J-J-J-G. Yeah, that's right. I said it. Joe and O.
1:29.0	J-J-J-J-J-G. G.
1:34.2	Absolutely.
1:37.2	I'm a space kid.
1:37.8	Are you kidding me?
	...

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