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The Stacking Benjamins Show

The Downside of an Early Retirement (plus lessons from Roush Fenway Racing) DETAILS

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

🗓️ 28 June 2019

⏱️ 78 minutes

🧾️ Download transcript

Summary

Less stress, easy overhead, and being debt-free... those are three fantastic reasons to chase financial independence. For a growing number of investors the top reason to save and live frugally has become a chance at early retirement. But, what type of freedom does early retirement bring? Is the freedom gained from early retirement worth it? We'll ask our contributors their thoughts on early retirement, and explore the concept of not retiring FROM something, but TO something on today's show. Assisting us in today's discussion is Rocky Lalvani from the Richer Soul podcast, Len Penzo from LenPenzo.com, and OG, from our very own Stacking Benjamins podcast. Halfway through the show, we'll hit the pause button on our discussion while Joe talks to Kevin Kidd, Roush Fenway competition director. You might be thinking, "WAIT, that's not FinTech! what does that have to do with finances?" As it turns out, there are a few financial lessons to be had from a professional racing team. Plus, after we finish a few laps around the track, we'll answer a voicemail from Rosie during our Magnify Money segment. Rosie's parents are retired, and she's recently learned her parents have been charged some crazy fees from their financial advisor. She wants to move them over to some low-cost index funds, but doesn't want to lose all their money in the process. What should their asset allocation look like? Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb Thanks to MetPro for supporting Stacking Benjamins. Get a complimentary Metabolic Profiling assessment and a 30-minute consultation with a MetPro expert at metpro.co/sb. 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

0:09.7

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

0:21.6

are in life, you'll feel special with Discover.

0:24.7

Learn more at Discover.com slash credit card.

0:27.4

Limitations apply.

0:29.0

I'm Jen from the Frugal Friends Podcast.

0:31.8

And when I'm not cutting the end of the toothpaste tube off to get that last little

0:35.2

bit of toothpaste, I'm stacking Benjamin's.

0:40.2

Live from Joe's mom's basement, and according to this crazy

0:57.0

I'm Joe's mom's neighbor Doug and according to this crazy holiday calendar

1:01.0

it's Drive Your Corvette to Work Day.

1:05.0

Or how about Drive Your Hot Car to Work Day?

1:08.5

Because like, I've got the El Camino

1:10.7

and Joe's got that incredible Ford Windstar minivan.

1:15.0

But here in the basement, we're having, have an incredible podcast day.

1:21.0

Here to help, we welcome from the richer soul podcast Rocky

1:25.1

Lalvani and from this podcast oh gee

1:29.4

plus from Len Pennzo dot com it's the USA Women's Soccer Team.

1:34.5

Oh my gah, I'm just kidding they're a little busy right now.

1:37.8

It's just Len Penzo.

...

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