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The Stacking Benjamins Show

Spring Cleaning Your Finances (plus Ally & Dr. Ted Klontz)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 20 March 2020

⏱️ 86 minutes

🧾️ Download transcript

Summary

Since you're most probably stuck at home and "social distancing" yourself, now's a great time for a lighthearted discussion about spring cleaning your financial picture. Everything else in life right now seems pretty heavy, so today we'll keep it light with three people who know a thing or two about great money moves. Joining us today from Paychecks and Balances, we'll welcome Marcus Garrett, from the Afford Anything podcast, we'll say hello to Paula Pant, and finally, from Len Penzo dot com, its our favorite house keeper Alice from The Brady Bunch! ...while that would be fun, today it's just gonna be Len Penzo. While you're cleaning up your money, raising your savings rate is a great place to start (or at least trying to stop your savings from deteriorating...). SO today Joe will be chat about behavioral finance with expert Dr. Ted Klontz and Emily Shallal from Ally Bank. Dr. Ted Klontz lets us know that our ancestors did not hoard their money or even their toilet paper...#shocking. Surprisingly, he says our brains are wired differently, and Emily Shallal from Ally tells us how they've used similar studies to create new product features that'll trick our brains into saving. And finally, during our Magnify Money segment, we'll talk to a Stacker named Joe about whether he should contribute to his retirement or save for a house. As always, of course we'll quiz our contributors with Joe's Mom's neighbor Doug's amazing trivia. We're talking omelettes on today's show (of course!). Mom hopes you're all safe and washing your hands! Enjoy the show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey Stackers, you know just like the gym, the bar down the street and the

0:07.0

sizzler, we're gonna have to cancel the podcast because that, oh wait, let me take my, what's that Joe?

0:15.0

What's that Joe?

0:16.0

Okay, fine, I'll take the mask off.

0:18.0

What's that?

0:20.0

Are you saying it's less than 10 people?

0:23.0

And since we have two, that's right, two listeners.

0:27.0

So we're okay, we can do anything we want, we just keep doing what we're doing, just entertain people?

0:33.0

Yes, we can totally do this people.

0:37.0

This is a go!

0:38.0

Let's light this candle! Live from Joe's Mom's Basement, it's the Stacking Benjamin show. Show. I'm Joe's mom's neighbor Duggan.

0:53.0

Happy I'm Joe's mom's neighbor Doug and happy second day of spring stackers. I love it when we can

1:07.0

finally open up a basement window and share with the world the smell of old pizza and

1:11.9

takeout.

1:13.1

Today we'll jump into not just spring cleaning the basement,

1:16.7

but spring cleaning your money.

1:19.4

What should you do?

1:20.9

Here to help us, we welcome from the Paychecks and Balances podcast Marcus Garrett.

1:26.0

Plus, from Afford Anything, Paula Pant.

1:30.0

And from Lendpenzo.com, it's Marie Condo.

1:34.0

Nah, even she'd give up on this mess.

1:38.0

It's just Lend Penzo.

...

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