When is Debt REALLY "Bad"? (plus an intro to Nestegg)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 19 June 2020

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You've probably heard the age-old arguments. Old dude on the radio says "all debt is bad." Your savvy neighbor says that there's "good debt" and "bad debt." You watch relatives YOLO with credit cards. Where's the line, REALLY? Today we'll ask three people who are good with money: contributors Paula Pant from the Afford Anything podcast and Len Penzo from LenPenzo.com are joined by great saver AND blogger Lance Cothern from the Money Manifesto blog. We'll dive into the good, bad and ugly of debt. BUT that's not all. On today's Friday Fintech segment we'll learn about a new company called Nestegg helping small landlords compete with the big kids. How does it work? We'll all find out together. Of course, we'll still have our trivia challenge, answer a MagnifyMoney.com call for help, and more! Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	And now we're pleased to bring you our feature presentation. Live from Joe's Mom's Basement, it's The Stacking Benjamin show. I'm Joe's mom's neighbor Duggan. It's time to get up and crank out a podcast and what a good one it is because on today's show we're talking about debt.
0:42.0	When is any debt good debt if at all? Personally I'm
0:46.3	hoping it's all good to help us discuss this topic from the Money Manifesto
0:51.2	blog say hello to Lance Cothorne.
0:54.0	And from the Afford Anything blog and Podcast, it's Paula Pants.
1:00.0	And from Len Penzo.com, it's, it's,
1:04.7	eh, I'm too lazy to come up with anything clever today.
1:07.7	It's just Len Penzo, whatever.
1:10.3	Plus thinking about buying rental properties on today's Friday FinTech segment
1:15.8	We'll talk to one founder about how his app nest egg helps little landlords like you and me compete with the big kids.
1:25.0	Of course, we'll also magnify a lucky listener's money and you might get some of my trivia,
1:31.0	if I'm up for it.
1:33.0	And now a guy who needs to bring it down a couple notches,
1:37.0	because we're trying to sleep over here, man.
1:40.0	Joe Saul, CI.
1:44.0	See I.
1:45.0	Bring it down, it's Friday.
1:49.0	We're gonna bring it up.
1:51.0	We're gonna blow this place up. Is that what the kids say? I don't know. Hey everybody I am
1:56.0	Jos all see high average show money on Twitter and we're gonna have some fun today because
2:06.5	Joining me again from the deserts of Las Vegas it's Paula Pant. I am in the middle of the desert it is unusually nice right now the highs are in the 80s, which is unheard of in June in Las Vegas.
2:16.0	Normally the highs are in like the 108th, so it's great weather. I'm happy.
	...

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