The Stories Money Tells Us (with Frederick Kaufman)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 9 December 2020

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The history of money is possibly (even probably) the most tangled web of assumptions, grief, symbolism, happiness, and longing in the history of the world. Today Frederick Kaufman joins us to share a few of those stories. From the earliest days of exchanging objects to represent currency, to the heads of state on coins, to Bitcoin and beyond, we'll discover many of the stories that encompass names from Adam Smith to Anna Nicole Smith. Plus, during our headlines segment of the show we'll talk to Sean Hanft from FSAStore.com. It's nearing the end of the year and if you have flexible spending account dollars left, it's time to use them before you lose them. Plus, one blog post making its way around, which makes the case against opening a 401k to start saving for retirement. Naturally, Joe and OG have a thought or two about that. Plus, we all know the famous 4% rule (of thumb), but have we been using it wrong this whole time? Matt calls in the Haven Life Line to ask for some clarification. While you shouldn't be using rules of thumb to guide your portfolio in the first place, Matt's question could potentially have big implications on your retirement draw-down. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Del's Black Friday event is their biggest sale of the year shop limited time deals on laptops like the stylish innovative
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0:21.9	Again that's Dell.com slash deals.
0:27.0	Nervous? Yes. First time. No I've been nervous lots of times.
0:33.3	Live from Joe's mom's basement. It's the stacking Benjamin show.
0:43.0	I'm Joe's show.
0:44.0	I'm Joe's mom's neighbor Doug and sit back and relax because today we're going to
0:57.0	tell you some stories about the origin of money. How did it all start and
1:01.6	what does the future hold?
1:03.0	Here to enlighten us, we welcome the author of The Money Plot,
1:07.0	A History of Currency's Power to Enchant, Control, and Manipulate,
1:12.0	Fred Kaufman.
1:13.0	Plus, do you have access to Flex Savings accounts or FSA's?
1:18.0	Today, during our headline segment, we'll talk about important year-end moves you need to make with Sean
1:24.4	Hamped from fSA store.com.
1:27.5	Hah wonder how many millions they paid a consultant for that quirky name.
1:33.0	And like icing on the cake, we'll toss out the Haven Lifeline to Matt,
1:38.0	who has a question about the 4% rule.
1:40.0	How should you think about withdrawing from your investments during retirement
1:44.4	and of course I'll do my fang and share some trivia and now two guys who can
1:50.3	share stories about money mistakes with the best of them.
	...

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