When is Debt REALLY "Bad"? (plus an intro to Nestegg)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 19 June 2020
⏱️ 83 minutes
🧾️ 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!
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Transcript
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| 0:00.0 | And now we're pleased to bring you our feature presentation. |
| 0:12.2 | Live from Joe's mom's basement, It's the Stacking Benjamin's show. |
| 0:30.9 | I'm Joe's mom's neighbor, Doug, |
| 0:32.8 | and it's time to get up and crank out a podcast. |
| 0:36.8 | And what a good one it is, because on today's show, we're |
| 0:40.0 | talking about debt. When is any debt, good debt, if at all. Personally, I'm hoping it's all |
| 0:47.2 | good to help us discuss this topic from the Money Manifesto blog, say hello to Lance Cawthard. |
| 0:54.5 | And from the Afford Anything blog and podcast, it's Paula Pant. |
| 1:00.0 | And from Len Penzo.com, it's, it's, it's, eh, I'm too lazy to come up with anything clever |
| 1:07.2 | today. It's just Len Penzo, Whatever. Plus, thinking about buying rental properties |
| 1:12.9 | on today's Friday fintech segment, we'll talk to one founder about how his app, Nesteg, |
| 1:20.3 | helps little landlords like you and me compete with the big kids. Of course, we'll also |
| 1:26.3 | magnify a lucky listener's money, |
| 1:28.2 | and you might get some of my trivia if I'm up for it. |
| 1:32.9 | And now, a guy who needs to bring it down a couple notches |
| 1:36.7 | because we're trying to sleep over here, man. |
| 1:40.3 | Joe Saul, C-I. |
| 1:49.8 | Music Joe Saul C-I Bring it down. It's Friday. |
| 1:53.0 | We're going to bring it up. We're going to blow this place up. |
| 1:54.4 | Is that what the kids say? |
| 1:55.2 | I don't know. |
| 1:56.2 | Hey, everybody. I am. |
... |
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