The Surprising Benefits of Financial Inaction (SB1653)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 7 March 2025
⏱️ 66 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
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Transcript
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| 0:00.0 | Hey there, Stackers. Happy Friday, and I've got just a couple things for you before we |
| 0:04.9 | press play on today's episode. It's been a fun week, hasn't it? On Monday, we listened to tips |
| 0:11.1 | that are 10 years old for cars, and yet they still held up. And then on Wednesday, |
| 0:18.2 | well, on Wednesday, we did one of our famous top five episodes where we dove into our |
| 0:22.0 | top five favorite parts of the financial plan. Those have not changed. And I thought it was a good |
| 0:27.4 | time to look back on those. But you know what? This is the time with the stock market going down |
| 0:33.6 | and with so many people online fighting with each other and all of the chatter. |
| 0:41.0 | It's a time when a lot of people make moves. |
| 0:43.9 | And so I think it's a wonderful time for us to play this episode about how to be lazier |
| 0:49.8 | and get more done. |
| 0:51.7 | Our guest on this show, we have Len Penzo with us. |
| 0:55.3 | Len's going to be back with us in a couple weeks again, which is exciting. |
| 0:59.2 | Also, Dana Onspa, the CFP, who's joined us many, many times. |
| 1:04.6 | It is super fun radio. |
| 1:06.3 | She joins us, and of course, OG and Doug. |
| 1:09.0 | This episode was our first time live on YouTube I think |
| 1:13.3 | ever we've done some YouTube events but we hadn't been live on YouTube before something |
| 1:18.7 | that we do with all of our Friday episodes now you can generally hear those being recorded |
| 1:23.0 | on Wednesday afternoon or late morning if you're on Pacific Coast, they are a ton of fun live. |
| 1:30.1 | And you know what? Ever since we started doing them live, I don't think we get as much done, |
| 1:35.2 | but they are funnier. This show especially has some great tips, but it's just a bunch of |
| 1:43.5 | money nerd friends getting together like our |
... |
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