Stop Making Bad Money Moves (with Emily Guy Birken)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 17 May 2017

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Invest or pay down credit cards? Buy a car or invest toward a house? These are opportunity cost questions, and today, Emily Guy Birken, author of End Financial Stress NOW, joins us to explain how it works. We'll also talk about the problem with "free," sunk costs, and other often neglected strategies to manage money better. In our headlines we'll talk Johnny Depp again, plus talk financial knowledge. How much do we learn about money over our lifetime? The answer will surprise you.

Today we throw out the Haven Life line to Jordan, who has an important tax question many of you may share. Taylor sends us a letter about opportunity cost. Should he pay down debt or invest? We also share Doug's trivia, and more.

Thanks to SoFi and MagnifyMoney.com for helping us with today's show!

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Transcript

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0:00.0	Take a deep breath, relax.
0:05.0	Inhale through your nose and exhale through your mouth.
0:12.0	Sit back and close your eyes.
0:16.0	Gradually release the tension, starting from your toes, working up your legs to your pelvis, and from
0:24.8	your fingertips, slowly up your arms to your shoulders. The Stacking Benjamin's show,
0:33.6	no matter how bad it gets, is your favorite podcast.
0:40.0	I will count backwards from three, and when I snap my fingers, you'll be overcome with delight at hearing the start of this episode.
0:52.0	Three, two, one.
1:00.7	I'm Joe's mom's neighbor, Doug, and this is the stacking Benjamin's show.
1:08.3	Yeah. stacking Benjamin's share.
1:18.5	Hey money fans, hungry?
1:21.7	We're throwing a huge party down here in the basement.
1:24.9	I'm talking moms made us a feast.
1:31.4	You got your nachos, you got your pizza, you got your cake, and even those fantastic mini-weenies in the ketchup sauce.
1:32.9	Hashtag yum!
1:34.8	Why the celebration?
1:36.4	Well, today's the 225th birthday of the New York Stock Exchange, and you're going to
1:41.9	help us give a warm welcome to best-selling author Emily Guy
1:45.4	Birkin. Also, more headlines about Johnny Depp's money issues and learning about money as you age.
1:51.3	We'll throw out the Haven Lifeline to Jordan who has a tax question and answer a letter from
1:56.1	Taylor who wants to know about whether to invest or pay down debt. And we can't forget, like the candle on this chocolate pie over here, I'll even throw in a
2:04.8	slice of my trivia.
	...

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