When $250,000 Isn't Enough (plus an intro to Masterworks)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 7 February 2020

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Would $250,000 a year be enough for you to "get by"? It wasn't for one early retiree. Today we're going to dive into income, expenses, priorities and bucket lists. Helping us today is a roundtable team of fantastic personalities. First, our special guest today comes from Revele Financial Group, Dawn Dahlby! From the Afford Anything podcast, we have Paula Pant, and Len Penzo joins in the fun from Len Penzo dot com! What is the most expensive piece of artwork you own? Do you think you could ever own a Andy Warhol piece or a Monet? Well today, during our FinTech segment we'll share a company helping people do just that. Joe'll talk buying fractional shares of art with Scott Lynn, the founder of Masterworks.io. We'll discuss not only the types of art that newbies mistakenly buy, but also, liquidity, the long term returns of art, and more. And finally, during our MagnifyMoney segment, we'll answer a question on whether you should take risks while you are still in debt? As always, of course, we'll quiz our contributors with an epic game show question about The Beatles! How much did they receive for performing on the Ed Sullivan Show? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi, this is Dave at the New York Budget.com, and when I'm not breakdancing on the subway for money,
0:06.5	I'm stacking Benjamin Show. I'm Joe's mom's neighbor dug and Gertrude told me today is national All Your Fingers at your neighbor day.
0:34.4	Heck, I didn't even know Joe knew how to use all his fingers when he waves.
0:39.0	I mean, usually it's just the one.
0:41.4	Today, we'll be waving our mouths at a topic talking about how
0:45.9	one family failed at early retirement. Here to tackle this problem we welcome
0:51.1	certified financial planner from Relevay Financial Group, Dawn Dalby.
0:56.8	And from Afford Anything, it's Paula Pant!
1:00.9	And from Len Penzo.com, we welcome artist Damien Hurst.
1:06.0	Nah, he's busy selling medicine cabinets for $11 million.
1:11.0	Ah, so it's just Len Penzo.
1:14.0	Also, on our Friday FinTech segment, here's one by special request.
1:18.8	Speaking of artwork, we'll talk about investing in art.
1:22.1	How do you make money doing that?
1:24.0	With founder of Masterworks, Scott Lynn.
1:27.2	And, of course, we'll still magnify someone's money
1:30.5	and I'll share one of my famous trivia questions.
1:35.1	And now the guy that only pays by numbers, it's Joe Saul Seeha. I'm so great staying inside the lines. Actually I don't know that anybody says that.
1:49.7	Hey everybody, I am Joe Salcea, I average Money on Twitter, and welcome to Friday.
1:55.0	Welcome to the weekend.
1:56.4	We've got a fun show today.
1:58.5	This is a super interesting topic.
	...

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