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The Stacking Benjamins Show

What Financial Terms Should You Know? (with an intro to the Destiny app)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.42K Ratings

🗓️ 8 March 2019

⏱️ 81 minutes

🧾️ Download transcript

Summary

401k? Roth? Dollar cost averaging? Market timing? Target-date funds? Choosing to take responsibility for your financial well-being is often a difficult choice, and it's not made any easier by the long list of jargon that comes attached to being money savvy. That's why on today's show we're breaking down all the words and definitions that'll have you scratching your head as you try to get your budget and retirement plan on the right track. Joining our awesome panel of contributors today (alongside our very own OG, and Paula Pant from Afford Anything) is Nate Abercrombie, from the Investing with the Buyside podcast. Halfway through the show, we'll take a small break from our discussion for our Friday Fintech segment. On today's segment, Joe sits down for a call with Parker Graham from the Destiny App. Do you want to pay off your debt faster (of course you do!), but also get the small wins from the debt snowball method? We'll explore how the Destiny App is setting out to give you the best of both worlds on today's Fintech. Plus, we'll throw out the Haven Life Line to Kristen. Kristen and her husband are high-income earners but are putting two kids through college. They're also carrying a mortgage and a car loan... with no retirement savings. Where should Kristen and her spouse put their focus as they realign their priorities? As always, we'll still save some time for Doug's (completely epic) trivia. Go to Airbnb.com/SB and start hosting. You’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply. Thanks to the Murder Book Podcast for Supporting Stacking Benjamins. Go to MurderBookPodcast.com to listen in. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

30 seconds to air.

0:02.0

What is about flowers the Shona's taste?

0:04.0

These are for the yes.

0:05.0

Uh, where's the tape?

0:07.0

Anyone who has the promo for a show?

0:09.0

Wait, where's the Fiji water?

0:12.0

Is this, this isn water? Is this tap water?

0:15.0

15 seconds.

0:16.0

Somebody get the cat.

0:18.0

I can't drink tap.

0:19.0

Grab the cat. Can someone tell Joe's mom to South

0:21.0

It's not hard to find. Does anybody see my hair gel?

0:24.0

A tesion water, natural.

0:27.0

Quiet on the set.

0:29.0

Live in three, two. Two.

0:37.0

Live from Joe's mom's basement. It's the stacking Benjamin show. I'm Joe's Mom's neighbor Duggan 401k 401k what the heck is that and the Roth

1:00.7

dollar cost averaging out we're gonna we're gonna talk about all the jargon on

1:05.1

today's show with our special guest the host of the Investing with the

1:09.6

Buy Side podcast Nate Abercrombie.

1:13.0

Plus, from a Ford anything, Paula Pant.

1:16.0

And just back from telling his mom to re-affix the tags on all her pillows

1:21.0

so the FBI doesn't arrest her, it's OG!

...

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