Taking Drastic Action to Pay Down $120k of Debt (with Aja McClanahan)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 6 June 2018
⏱️ 68 minutes
🧾️ Download transcript
Summary
Would you move your family to the rough part of Chicago to pay down debt and improve the neighborhood? Coming down to the basement is one woman who did just that...Aja McClanahan. After making the difficult decision to take drastic action, Aja and her family paid off a whopping $120,000 in debt. Think you could do the same? Aja will share her inspiring story about how her family took action and wiped out their debt.
In our headlines segment, we'll share one crazy headline about a woman who paid $7,000 for toilet paper. She's gotten her refund... two months later, but how in the world do we make sure that doesn't happen to us? And if it does, what do we do? PLUS, we'll get a special visit from our close friend at Buzz Indexes, Jamie Wise.
We'll also throw out the Haven Life lineto Tony. Tony's wife is teaching some classes at the local rec center this summer. How should they handle their extra income? Do they need to set up an LLC? We'll also answer another listener letter, throw out Doug's trivia question, and more.
Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.comto learn more.
Thanks also to MagnifyMoney.comfor sponsoring Stacking Benjamins. 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 | Live from Joe's mom's basement, it's the stacking Benjamin show. |
| 0:11.2 | I thought I'd mix it up a little bit today. It doesn't work. Start it over. |
| 0:20.6 | Live from Joe's Mom's Basement, it's the Stacking Benjamin Show. |
| 0:26.0 | Yeah, that's about right. |
| 0:36.2 | I'm Joe's Mom's Neighbor, and today, kids, a lesson. |
| 0:40.3 | Never gamble. |
| 0:41.4 | To prove my point, I have this lottery ticket. |
| 0:44.3 | Just going to scratch this and then in this and, oh my God, I want 10 bucks. |
| 0:50.0 | What was I saying? |
| 0:52.7 | Oh, yeah. |
| 0:54.0 | On today's show, we definitely didn't gamble on this guest, |
| 0:59.4 | a woman who moved to the tough streets of Chicago to save money. |
| 1:02.9 | Please help us welcome Aja McClanahan. |
| 1:06.5 | Plus, we'll share headlines ripped from the financial press. |
| 1:10.1 | Throw out the Haven Lifeline to a lucky listener, and still wash it all down with some incredible corn trivia to celebrate national corn on the Cob Day. |
| 1:20.5 | And now two guys who longtime fans know are both big fans of corn and cheese. |
| 1:29.6 | Joe and oh, |
| 1:30.5 | Jha, Jha, |
| 1:30.6 | Jee. |
| 1:32.0 | G. |
| 1:36.2 | Why do they call stuff cheesy when cheese is so good? |
| 1:43.0 | You know what I like is that Mexican corn and cheese and the styrofoam with the butter |
... |
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