s Frugality For Rich People? (plus an intro to Voleo)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 6 April 2018
⏱️ 75 minutes
🧾️ Download transcript
Summary
We've snared a HOT topic! Bloggers online are talking about a recent piece written by Miles Howard, entitled "Is Frugality For The Rich?" It asks many questions about bloggers online and the transparency of how they earn their money. We talk to our roundtable about whether the frugality that's made to sound awesome by bloggers is really something we can all attain. Is any of it real?
To talk about that topic, plus a recent study that explores the differences between rich and poor kids, we welcome our special guest Jonathan Mendonza from the awesome Choose FI podcast to the show! Jonathan is joined by our crack regular team of contributors: Paula Pant (Afford Anything) and Len Penzo (Len Penzo dot com).
We'll also bring you some cool Friday FinTech on today's show. Thomas Beattie from Voleo.com stops by to tell us how they help investors turn their love of stocks and (sometimes wild) opinions into better informed decisions. The wisdom of the crowd wins again on today's show!
We also answer a three-oh call for help to the Blooom hotline. What should Curtis do with his three HSA accounts? Is there a way to combine them? We'll ask our team that question, and also answer a letter from another listener, share Doug's trivia, and more.
Thanks to TurboTax Live for supporting Stacking Benjamins. Get a personal review of your tax return with a CPA or EA backed with a one-hundred percent Accuracy Guarantee. Connect with a TurboTax Live expert at TurboTaxLive.com/SB.
Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins as well. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.
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Transcript
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| 0:00.0 | Hi, I'm Mitchell Walker, and when I'm not teaching people how to find hidden money, I'm out Stacking Benjamin's. |
| 0:09.8 | Live from Joe's mom's basement, Doug, and today we're talking frugality. |
| 0:29.0 | Is it only for the rich? |
| 0:30.4 | We'll ask our panel featuring the co-host of the Choose FI podcast, Jonathan Mendoza. |
| 0:36.8 | And also, from Afford Anything, Paula Pant. |
| 0:40.5 | And rounding out our crack team, the most cracked one of them all from lennpeno.com, |
| 0:46.6 | Ron Gardenhire. |
| 0:48.5 | I'm just kidding, it's Len Penzo. |
| 0:51.0 | But that's not all. |
| 0:52.0 | They'll also tackle a headline about children. |
| 0:54.1 | Do kids with wealthy |
| 0:55.5 | parents have it easier when learning about money? If so, how do you overcome any gap if you |
| 1:01.1 | aren't a one percenter? We'll answer a bloom call for help from Curtis, take a question from the |
| 1:07.2 | mailbag, and also hear about a hot new tool called Vallejo from CEO Thomas Beattie. |
| 1:14.5 | Thinking about starting an investment club, he'll share with you how they're trying to make your job easier. |
| 1:20.5 | And now, the guy who says every Friday is his favorite, but this one really is. Joe Sal Siha. |
| 1:33.1 | This is my favorite Friday because you know what? |
| 1:35.8 | I'm back here with you and we're starting the weekend together. |
| 1:38.6 | I'm Joe Sal Siah. |
| 1:39.5 | I average Joe Money on Twitter and I can't wait to get to this guys because we do have a, Doug said it's a crack panel. And this time, I don't think he's lying. Even though Len Penzo might be lying about you. Yeah, what's going on with that intro? I know. I've actually got it right. Right. It's like, what? I think he means the panel's on crack. Yeah. And that is, I'm not going to say who the other voice is that you're hearing, but that's the voice from the desert near Las Vegas. The person I just saw in person, Paula Pamp from Afford, anything. You did see me in person. You came out to Vegas and we went to a buffet and then we hit up the coolest escape room ever. Because when you go to Vegas, |
| 2:18.2 | you got to go to a buffet, Len. That's what you got to do. You do. And then you got to go to |
| 2:22.2 | the bathroom right after that. And then go back into the buffet and get more. Is that what you're |
... |
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