We Make $500k a Year and Struggle With Our Budget (plus the Retirement Budget Calculator)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 12 April 2019
⏱️ 75 minutes
🧾️ Download transcript
Summary
Why is a couple making $500,000 a year feel like they're just getting by? Shouldn't they feel better off than most people? On today's roundtable we'll examine the budget of the couple who feel just "average" and discuss why lifestyle inflation can eat up more of our income than we expect. Joining us on today's show we welcome special guest Michael Anderson (from Maranantha.com), Paula Pant (from AffordAnything.com), and from our very own podcast, OG.
Halfway through the show we'll take a break for our weekly Friday Fintech segment, this week featuring something really cool that can help your retirement plan. Joe sits down with Jason Parker from Sound Retirement Planning, who shares the work he's done to create a calculator that will more likely help you set up realistic scenarios that you can use for your planning.
And during our Magnify Money Call, we'll answer a voicemail from Annie. Annie's on the track to be debt-free. She's already been investing into her retirement accounts, and she has a four month emergency fund saved up right now. Annie will complete her last goal after she pays off her car loan and ups her emergency fund to six months. What should be her next milestone?
As always, of course, we'll still save some time for Doug's trivia.
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Transcript
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| 0:00.0 | Nervous? |
| 0:01.3 | Yes. |
| 0:02.1 | First time. |
| 0:03.5 | No, I've been nervous lots of times. |
| 0:09.0 | Live from Joe's Mom's basement, it's the Stacking Benjamin Show. |
| 0:25.7 | I'm Joe's mom's neighbor, Doug, I was just thinking how fun would it be to make this podcast available to everybody? |
| 0:33.2 | Then I asked Joe, |
| 0:34.4 | and what do you know, turns out that you can hear me out of the other side. |
| 0:42.5 | Whoa. |
| 0:43.8 | To celebrate, we welcome the host of the Smart People Money Show from Ventura, California, Michael Anderson. |
| 0:52.1 | And from afford anything, Paula Pant. |
| 0:55.3 | Plus, from this podcast, just back from explaining to his mom that if you say the word |
| 0:59.8 | gullible, slowly, it sounds like oranges. |
| 1:03.1 | O.G. |
| 1:04.9 | Plus, in our Friday FinTech segment, worried that you can't find a great retirement budget |
| 1:09.6 | calculator? |
| 1:10.5 | Who isn't? |
| 1:11.6 | Here to share his work with us, |
| 1:13.4 | the guy who's also the host of the Sound Retirement Planning podcast, Jason Parker. |
| 1:19.3 | That's not all. |
| 1:20.3 | We'll magnify someone's money, |
| 1:22.2 | share a dose of my incredible trivia, and more. |
... |
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