Try To Die Broke (with Bill Perkins)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 27 July 2020

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you ever thought, "Maybe I should be SPENDING more money?" Our guest today thinks that maybe you should re-examine how you're living. Bill Perkins, poker star and energy trader, says that investors have too much of their mindset set on the future, and not enough energy focused on the now of life. We'll discuss over-saving, being TOO frugal, and actually spending your money on today's episode. Plus, how does an ETF that literally pays YOU to invest not gain enough attention to take off? It turns out...that free might not actually mean better. Weird, huh? We'll cover what went wrong with this ETF and others like it, during today's headlines. In our second segment, we'll cover the results of a financial retirement report showing nearly half of all retirees have to make big spending cuts after 5 years. Here's a reminder: when you're planning for retirement, your cash has to last you through ALL of retirement. During the Haven Life Line we'll take a voicemail from Jenny, who wants to know the differences between a value fund and a growth fund. How can you tell one from another, and which is better? Should a portfolio include both funds for diversification? Are there different uses for each fund? Does the amount of time until retirement matter for picking a fund type? In the spirit of Bill Perkins, we'll also save some time for Doug's gambling-themed trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Do you hear that?
0:05.0	It might sound like nothing to you,
0:07.0	but it's actually the sound of nuclear, wind and solar energy.
0:11.0	At EDF, we're busy generating more British zero carbon
0:14.9	electricity than anyone to help keep future energy costs down for everyone and
0:19.1	help cut UK carbon emissions to nothing. Sound good to you? Find out more about our
0:24.9	Zero Carbon Generation at EDF Energy.com slash Help in Britain.
0:28.6	I'm Rocky Lalvani, the profit answer man, and when I'm not helping small businesses stack
0:36.2	Benjamin's for themselves, I'm stacking Benjamin's for myself. ALF. Benjamin Show. I'm Joe's mom's neighbor duck. Oh man, I love today's guest because he and I are on the same page.
1:07.2	Tired of saving all that money? Well, save no more because today we welcome the guy encouraging you to go broke
1:14.9	poker star and energy trader Bill Perkins.
1:18.8	What? That's not exactly as messaging. Whatever. How about this one? We all love free stuff, but are there any dangers of free when it comes to investments?
1:33.4	I seriously doubt it, but we'll see.
1:36.2	Today, we discuss your investments during today's headline segment.
1:40.4	But don't worry, we'll surely still have time to toss out the Haven Lifeline and I'll challenge your intellect with my one of a kind and always free trivia.
1:51.0	And now two guys who are just here for Joe's mom's barbecue, Joe and O, J, J, J, J, J, G. We just placed our order.
2:03.0	We're all set.
2:17.1	Mom's going to send dug down for the side dishes. We're ready to go. Hey everybody, welcome to Monday. I am Joe Saul, see High, average Joe Money on Twitter and across from me at the card table today is the man behind a brisket or two of his own, Mr. O.G.
2:29.8	Kind of familiar stomping grounds.
2:31.8	It is. Mom's basement has made it back to Texarkana, Texas this week.
2:36.0	Then, um...
2:38.0	Literally a traveling road show.
	...

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