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The Stacking Benjamins Show

The 5 Dumbest Rules of Thumb (SB RWD 63)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 27 August 2017

⏱️ 53 minutes

🧾️ Download transcript

Summary

We generally detest rules of thumb. Why not just do the actual math...which is generally easier than many people think? We'll take you through our top 5 list today of the times when we think rules of thumb can be the most dangerous.  Of course, it's the Stacking Benjamins show, so that isn't all. There are also headlines, your letters, trivia, and more. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Pre-recorded from Joe's mom's basement, it's a rewind episode of the Stacking Benjamin show.

0:08.6

I'm Griffin the intern, or as my ultimate Frisbee team calls me the fin turn.

0:13.0

Joe and O.G headed to the store to find fruitcake recipes.

0:16.0

Someone recently called them a couple of fruit cakes,

0:18.0

which got them wondering if fruit cakes actually tasted good.

0:21.0

And believe me, if you're new to the show that's the best idea

0:24.3

these two have had lately but before they left Joe handed me a cassette tape with

0:28.4

episode 236 on it the top five worst rules of thumb the guys used to do lots of top five episodes, so I thought it'd be fun to bring one back from a couple years ago.

0:37.5

Remember, disregard any investment info or giveaway mentions because this episode was from early August 2015 just before the

0:44.5

show changed of its format. Enjoy. And now we're pleased to bring you our feature presentation. Just when he thought Wednesday couldn't get any better.

1:14.0

Live from my parents' basement in Texarkana, Texas,

1:17.1

it's the Stacking Benjamin Show.

1:19.2

Hey everybody, I'm Joe Saul Cihi,

1:20.7

average show money on Twitter and on today's podcast rules of thumb

1:25.1

you know how we feel about rules of thumb you probably shouldn't follow them what

1:29.2

are the five dumbest rules of thumb what are the five you should ignore? Our biggest and best

1:34.9

top five ever on today's podcast. And here he is the guy who's a top five all rolled into one. He's the top one. The one and only oh g.

1:49.6

What's up man so uh it is Wednesday.

1:54.0

Hump Day.

1:55.0

Already Wednesday.

1:56.0

It is already.

1:57.0

Amanda we have an action-pack show today.

...

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