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
4.4 • 2K 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.
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Transcript
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| 0:00.0 | 30 seconds to hair. |
| 0:02.0 | What do you think about flowers? The Sonaultes are for the gas. Where's a tape? Where's a tape? Anyone have the promo for the show now? Wait, where's the Fiji water? Is this, this isn't, is this tap water? 15 seconds. Can somebody get the cat? I can't drink the cat. Can someone tell Joe's mom to stop vacuum? |
| 0:21.5 | It's not hard to find. |
| 0:22.4 | Does anybody see my hair gel? |
| 0:24.6 | T's in water. |
| 0:25.9 | Natural. |
| 0:27.6 | Quiet on the set. |
| 0:28.9 | Live in three, two. |
| 0:37.0 | Live from Joe's Mom's Basement, it's the stacking Benjamin show. |
| 0:46.1 | I'm Joe's mom's neighbor, Duggan. |
| 0:52.3 | 401k, 401k? |
| 0:55.0 | What the heck is that? |
| 0:58.7 | And the Roth and dollar cost averaging out. |
| 1:02.5 | We're going to talk about all the jargon on today's show with our special guest, |
| 1:07.9 | the host of the investing with the byside podcast, Nate Abercrombie. |
| 1:12.8 | Plus, from Afford Anything, Paula Pant. |
| 1:16.0 | And just back from telling his mom to reaffix the tags on all her pillows so the FBI |
| 1:22.1 | doesn't arrest her, it's OG! |
| 1:25.8 | And in our Friday FinTech segment, what if you could pay off your debt faster and get the small wins that debt snowball provides? |
| 1:34.9 | Here from the Destiny app, we welcome Parker Graham. |
| 1:38.6 | Of course, we'll still answer a magnify money call for help and tie this thing down with my amazing trivia. |
| 1:46.1 | And now a guy who's ready to help you get your weekend started, Joe Salli! |
... |
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