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The Stacking Benjamins Show

The Surprising Benefits of Financial Inaction (SB1653)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 7 March 2025

⏱️ 72 minutes

🧾️ Download transcript

Summary

Feeling the pressure to constantly tweak your investments? Today, we uncover the surprising benefits of financial inaction with insights from CFP Dana Anspach, Len Penzo, and OG. We dive into the wisdom of sometimes doing nothing—because, as it turns out, sitting on your hands (financially speaking) can be a power move. Why lazy portfolio management might be the smartest strategy you’ll ever adopt (spoiler: it involves less work). The power of downtime—turns out, stepping away from your money might actually make you richer. Why your future self will thank you for setting up auto-pay (hint: fewer late fees, more naps). The sneaky ways peer pressure messes with your finances—and how to keep the Joneses from running your budget. When rebalancing your portfolio is necessary…and when it’s just a fancy way to micromanage yourself. A wildly unexpected insurance claim (because finances are never boring in the basement). Oh, and Doug’s got a trivia question about a particularly controversial activity that was banned—because, apparently, not everything fun is legal. Stick around for weekend plans, final thoughts, and maybe even a surprise or two (because we like to keep you on your toes). This episode originally aired on June 10, 2022. Please disregard any mention of current events. The original show notes can be found here. 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

Well, debt can really take a toll on you between minimum payments and interest rates.

0:03.5

It's really stressful.

0:04.7

And at times feels like you just can't get ahead.

0:07.2

Navy Federal Credit Union understands debt's a huge stressor and they're here to help.

0:11.7

Navy Federal Credit Union has all the financial tools and resources you need to dominate debt.

0:16.6

So the first thing you do, Stackers, you put together your debt payoff strategy.

0:21.5

Think like you're a CFO.

0:22.9

Create a strategy.

0:24.2

Don't just have debt.

0:26.6

Figure out exactly what your plan is and then use Navy federal tools like these.

0:32.9

Right now, Navy Federal Credit Union is offering a 0% intro APR on credit card balance transfers for 12 months.

0:39.5

Plus, you can get $250 when you spend $2,500 in your first 90 days on a cash rewards or cash

0:46.2

rewards plus credit card.

0:47.9

Don't let debt drag you down.

0:49.5

Visit NavyFederal.org to start dominating debt today.

0:53.1

Navy Federal Credit Union, our members are the

0:55.5

mission. Navy Federal's insured by NCUA after the intro rate expires, variable APRs are 15.15% to

1:02.0

18%. There's why you want a debt strategy. Based on creditworthiness, rates are subject to change.

1:08.1

ATM fees for cash advances are up to $1 at non-Navy federal ATMs.

1:13.6

And now we're from our sponsors at Betterment.

1:16.1

When investing your money starts to feel like a second job,

1:19.7

Betterment steps in with a little work-life balance.

...

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