Tales From The Dirty Underbelly of Financial Management - with Shannon McLay (SB1470)

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

🗓️ 29 January 2024

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shannon McLay is on a mission to clean up the dirty end of the financial planning pool. The Financial Gym founder has seen it all - advisors offering whole life policies to young savers with no children, and people just beginning saving thrown into annuities over a 401k at work. Today we talk about what to look out for in the financial world, how some of the popular buzzwords like "fiduciary" won't help you much anymore, and what to ask a potential advisor so that you know you're headed in the right direction. Before that we share a big headline about the Chinese stock market. Things haven't been going well in China, while the US market is roaring. Is it time to maybe look overseas with some of your money? How do you think holistically about buying low? We also share a TikTok minute sharing a new way to look at student loans. But of course, that's not all. Doug throws out a great trivia question and we take an interesting call from a Stacker in need. FIVE great topics on today's episode! FULL SHOW NOTES: https://www.stackingbenjamins.com/financial-fitness-with-shannon-mclay-1470 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Now, they have everything they need to come to life.
0:06.0	Dell Technologies and Intel are creating technology that loves ideas,
0:10.0	loves expanding your business, evolving your passions.
0:13.6	We push what technology can do so great ideas can happen right now.
0:20.6	Find out how to bring your ideas to life at Dell.com slash Welcome to Now.
0:25.0	Do you want to toast here?
0:28.0	Toast, I love toast.
0:30.0	Carboating in the morning for the win.
0:33.0	Oh, coffee toast.
0:35.0	Coffee toast.
0:37.0	You know it's funny, my stomach just rumbled there as I lift my glass.
0:41.0	Let's do a toast. Why don't you guys raise those mugs?
0:46.1	What are you doing? Displaying it. I have no idea what Doug's doing. I feel like he's crowning.
0:50.5	That was my brown trout circling the target. Oh no.
0:54.6	Nobody wants to see your brown trout. No. No. No, it's freaking Monday morning. Just raise your
1:02.0	damn glass. I did that. Oh I know but you're making my
1:06.7	What appeared turn that's what's really happening on
1:09.3	Brown Trout on behalf of the men and women making podcast at mom's basement, even that retrobait dug, and the men and women
1:18.7	at Navy Federal Credit Eden, here's to our troops.
1:21.7	Let's go stack some Benjamin, shall we?
1:23.5	Thanks everybody.
1:25.0	Without the Brown Trout references.
	...

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