The Five Money Lies (with Rob Berger)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 19 August 2019
⏱️ 71 minutes
🧾️ Download transcript
Summary
Today we sit down with Rob Berger, host of the Dough Roller podcast and author of Retire Before Mom & Dad about the five lies we all are told about money. Because we fall into these traps, we're duped to live a life on the hamster wheel, working harder and harder, but getting nowhere. Today we'll talk about debt, investing, insurances, advisors and more, so that you can take charge of your finances.
Plus, during our headlines segment, we'll cover one piece from Financial Planning about an ex-advisor who is off to prison for duping his clients with a Ponzi scheme. What did he do wrong? We'll share. We'll also jump into some big news from the IRS. One product's tax treatment with regard to advisor's fees is changing. That may change the way advisors...and YOU view that particular tool.
And after we take some time for some of Doug's french fry themed trivia we'll take a voicemail from Jason during our Haven LifeLine. Jason wants to know our thoughts about funds and strategies that will deliver the highest risk-adjusted return. Should he be 100% equities with his money or something safer?
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Transcript
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| 0:00.0 | Hey guys, this is Alex, or as we call them here in the basement, self-identified listener number three. |
| 0:05.7 | And what's funny is, when I'm not stacking Benjamins, I'm usually counting gold in my Los Angeles bunker, |
| 0:11.7 | maybe buying a new van for the misses. Sometimes I call my significant other and tell them to stop |
| 0:16.1 | tracking the time it takes to manage our rental empire, such as in 15-minute increments, |
| 0:21.7 | so that I can jet set from Hawaii to the middle U.S. on a budget airliner to get one hell of a deal on a new car to |
| 0:25.9 | drive back to Vegas just in time to tell my best friend about the trip to Vietnam that my family |
| 0:30.3 | and I went on. Did I mention I went to Vietnam? What? Doug, get out of here. You're ruining |
| 0:35.2 | the intro. Gotta go. |
| 0:43.0 | Live from Joe's mom's basement. |
| 0:44.8 | It's the stacking |
| 0:46.3 | Benjamin's show. |
| 1:07.7 | I'm Joe's mom's neighbor Doug, and we're celebrating national potato day in true holiday fashion by blind taste testing French fries from all over town. |
| 1:10.9 | While I head out to do my duty at Burger King, |
| 1:13.3 | I said duty, |
| 1:17.7 | you'll be listening to the King of the Do Roller podcast himself, |
| 1:19.1 | Rob Berger. |
| 1:23.3 | Plus, one ex-advisor is facing long prison time after being found guilty of an $11 million Ponzi scheme? |
| 1:28.1 | Surely that's just an honest mistake. |
| 1:30.0 | Plus, a new ruling by the IRS |
| 1:32.4 | is sure to boost the popularity of fee-based annuities. |
| 1:36.5 | Annuities and popularity in the same sentence? |
| 1:39.8 | There's some comedy. |
... |
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