Stop Making Bad Money Moves (with Emily Guy Birken)

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

🗓️ 17 May 2017

⏱️ 62 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! 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
0:09.8	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 are in life,
0:22.4	you'll feel special with Discover.
0:24.5	Learn more at Discover.com slash credit card.
0:27.3	Limitations apply.
0:29.7	Take a deep breath.
0:31.8	Relax. Inhale through your nose and exhale through your mouth. Sit back and close and close your eyes. Gradually release the tension, starting from your toes, working
0:50.1	up your legs to your pelvis and from your fingertips slowly up your arms to your
0:58.0	shoulders. The Stacking Benjamin's show, no matter how bad it gets, is your favorite podcast.
1:09.0	I will count backwards from three, and when I snap my fingers, you'll be overcome with delight
1:17.1	at hearing the start of this episode.
1:21.1	Three, two, one.
1:25.0	I'm Joe's mom's neighbor Doug and this is the stacking Benjamin chair. Hey Money Fans, hungry. We're throwing a huge party down here in the basement.
1:51.0	I'm talking mom's made us a feast. You got your nachos, you got your
1:56.4	pizza, you got your cake, and even those fantastic mini weenies in the ketchup sauce.
2:01.9	H.Yum.
2:03.8	Why the celebration?
2:05.3	Well, today's the 225th birthday
2:08.2	of the New York Stock Exchange,
2:09.7	and you're gonna help us give a warm welcome
	...

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