Saving 78% of Your Income, Moving to a New City, and 11 Rental Properties by Age 27

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 July 2022

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We all have a money story, and today we're sharing some of YOUR most inspiring ones. What makes personal finance really awesome is when we can come together and share stories to inspire and motivate others. Today we talk to three stackers who have done incredible things with their money and learned lots of lessons along the way. Katie was deep in debt for years before paying it off and entering herself into a savings competition at her local credit union. She won the 8-month long challenge by saving 78% of her income in that time! Josh and Alyssa moved from California to Texas without ever having set foot in the city beforehand. They worked to track and cut down on expenses in the year leading up to the move and they share how they did it. Last, Joe's son Nick set himself up so he won't be stuck in mom's basement by owning 11 rental properties at the age of 27! He talks about his strategy, how he got started, and why he dove headfirst into real estate investing. We also left time to throw out the Haven Life line to Brian and answer his question about the 4% rule with a pension. And of course, Doug shares his trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I just learned to discover credit cards, do something pretty awesome.
0:04.0	At the end of your first year, they automatically double all the cashback that you've earned.
0:08.5	That's right, everything you earned doubled.
0:11.7	All the cashback from eating your favorite soup dumpling restaurant?
0:14.9	Doubled.
0:15.9	All the cashback from the trip where you is, or to learn to snowboard?
0:19.8	Also doubled.
0:20.8	And the best part, you don't have to do anything ridiculous to get it.
0:23.5	Nope, discover does it automatically.
0:25.3	Seriously, though, see terms and check it out for yourself at discover.com slash match.
0:30.7	Good morning, Christopher Robin.
0:32.6	Oh, good morning, Winnie the Pooh.
0:39.4	Live from Joe's Mom's Basement, it's the stacking Benjamin Show.
0:44.6	I'm Joe's Mom's Neighbor, Doug, and this calendar Joe's Mom got me from my birthday
0:58.4	says it's National Scotch Day, which I could have figured out when OG, oh man, that is
1:04.7	a big bore, dude.
1:07.4	And because he's drinking the special stuff today, we bring you a special episode of the
1:11.6	show starring you.
1:14.5	He's from Stackers who are doing incredible things.
1:17.2	No headlines, no guest stars, just you and OGs, seriously, man, are you going to drink
1:23.2	that all by yourself?
1:24.2	Don't worry, we'll throw out the Haven Lifeline later, assuming OG makes it that long, and
	...

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