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The Stacking Benjamins Show

What Is The Cost of “Cool”?

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 22 October 2021

⏱️ 67 minutes

🧾️ Download transcript

Summary

Mummies, pineapples, and board games (Joe's favorite!). What do these all have in common? They've all been seen as status symbols at some point in time. Today's status symbols might be fancy strollers, nice cars, or how many followers you have on Instagram. We see these everywhere and it's hard to ignore and not spend money on the same things. Our roundtable today discusses a piece about strange status symbols throughout time and how status symbols in general influence our spending. Paul Ollinger (Crazy Money podcast), Paula Pant (Afford Anything), and Len Penzo (Len Penzo dot Com) join our roundtable to talk about status symbols they've noticed and the impacts on our finances and life. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I'm Joe's mom's neighbor, Doug, and what's your favorite status symbol?

0:24.9

I've all got him. My mattress made out of CVS receipts that Joe finally let me

0:30.0

make over in the corner. Or if you're into the financial independence for

0:34.1

tire early community, it might be your vintage laundry washboard or reusable

0:39.4

toilet paper. If you're Joe's mom, it's probably photos of Joe back when he

0:43.8

still had hair and peaked at his Cub Scout Wolf Badge ceremony.

0:47.8

Couldn't even make bear. What status symbols make you feel all fancy? To dive into

0:54.2

the ever-changing world of status symbols, we welcome from the crazy money

0:58.5

podcast Paul Allinger. And from Afford Anything, it's Paula Pant. And from

1:07.0

Len Penzo.com, it's Matt Damon. Oh my god, he's so dreamy. Oh man, we'd really

1:13.0

have some status if we actually knew him, wouldn't we? It's just the sexiest

1:17.5

man alive, Len Penzo. And now, a guy whose status symbol will always

1:22.9

either be a dollar sign or an in-and-out rapper, it's Joe. Oh, Saul, see

1:29.1

high.

1:35.0

Of course, all that, our trivia segment, man, as we near the end of the year, we got

1:40.2

that. But here's the question, Doug, about the in-and-out rapper. Do I really need

1:43.0

the rapper? Do you just look at me and you've got all the evidence to know that I

1:46.9

probably like it in and out more than I should? You're just as fresh as all of

1:51.0

their condom. So please, please. Hey, everybody, welcome to animal style for the

1:56.7

win. I'm Joe Salcihi, average Joe money on Twitter. And today, today, we are

2:01.8

diving into the wild, wild world of status symbols. We have this piece that we

2:08.4

found that it talks about how status symbols have changed over the years. And

...

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