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The Stacking Benjamins Show

Playing With Financial Independence (with Scott Rieckens and Travis Shakespeare)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 13 May 2019

⏱️ 82 minutes

🧾️ Download transcript

Summary

Scott Rieckens felt something wasn't right in his life. While he lived in a beautiful corner of the world, and despite he and his wife having fantastic jobs, life just wasn't what he'd expected. So, he did something that few people do...he actually decided to change. The results? He's teamed with Emmy Award-winning director Travis Shakespeare and created a documentary called Playing With Fire, which not only chronicles he and his spouse Taylor's journey toward a better future, but it also explains the concepts behind a movement called FIRE (financial independence/retire early). We'll talk to the makers of the film about how they created the final product. We'll preview the concepts Scott and Travis explain in the movie, and finally, we'll share some details about how and when you may be able to see it yourself. And in our headlines segment Joe will talk to Meredith Ryan Reid about MetLife's new study showing that Gen Y women are behind other groups on both their finances and their confidence in the workplace. Meredith will give us some advice and strategies on what to do when you find yourself falling behind. Later in the show we'll throw out the Haven Lifeline to Katherine, who has some questions on calculating her net worth. Wouldn't paying off debt also lower the amount of cash available to you, in turn keeping your net worth the same? Then, in our letters segment, we'll field a question from Wendy about what she should be doing with her full service brokerage account. She's taken some time to learn about commissions and high annual fees. What's the best plan on moving everything over to a new, low fee account? Of course, we'll also make some room for some of Doug's leprechaun-themed trivia. Just how do leprechauns earn all that gold they hide away at the end of the rainbow? Thanks to AcreTrader for supporting Stacking Benjamins. Learn more at AcreTrader.com/sb. Looking for something deeper than what we give you on the show? Three days a week not enough? Subscribe to our weekly newsletter: The Stacker. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You know in today's world seems like the best treatments reserved only for a few. Well,

0:04.4

Discover wants to change that by making everyone feel special. That's why with your Discover card

0:09.7

you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never

0:16.5

held responsible for unauthorized purchases. Finally, no matter who you are or where you

0:21.6

are in life,

0:22.6

you'll feel special with Discover.

0:24.5

Learn more at Discover.com slash credit card.

0:27.3

Limitations apply.

0:29.0

I mean, you know, you're living in your mother's

0:30.6

basement right in the blog on finance, really you should stay off the

0:34.0

computer son and get a job. Seriously.

0:37.0

Live from Joe's mom's basement, it's a mess. Joe's mom throws the best New Year's

1:02.4

Flag Day parties.

1:05.0

More on this latest spectacle later, but right now, we're celebrating the upcoming release of a movie about retiring early.

1:13.0

Today we welcome to the show the creators of the

1:16.0

Playing With Fire documentary,

1:18.0

Scott Rickins and Travis Shakespeare.

1:21.0

Plus, a new Met Life study shows that Gen Y women are behind on finances and in confidence

1:28.1

at the workplace.

1:29.5

Is that you?

1:31.0

What do you do if you're behind?

1:33.0

We'll talk to Meredith Ryan Reed, Senior Vice President, Group Benefits at MetLife for details.

...

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