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The Stacking Benjamins Show

Why Are We Bad With Money? (with Gaby Dunn)

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

🗓️ 30 January 2019

⏱️ 69 minutes

🧾️ Download transcript

Summary

Are you horrible with money? Turns out you're not alone (big surprise)! While most of us have been bad with money at some point in our lives, we don't usually write a book about it. Today we're joined by Gaby Dunn, who today will dive into her early years, and the money scripts she learned from school, parents, and friends. It's a quick look into her new book :Bad With Money.

Plus, during our headlines segment, a Barron's piece proves again just how many people don't understand the FIREmovement. And in our second headline, investors are looking for "safer" investments as the economy continues to fluctuate. It's a sad reality that no matter how much we talk about not sabotaging your financial plan, people seem to consistently find a way to shoot themselves in the foot with their financial behavior.

Later in the show, we'll throw out the Haven Life Line to Kathy, who is looking to retire in the next decade. She should be shifting more of her portfolio over to bonds? What's the right balance between bonds and equities as one gets closer to retirement? We'll also take time to answer a letter from Braden, who's fresh out of college and has his first full-time job. What are some resources he can use to start investing?

And don't worry... we'll still have time for Doug's trivia.

Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.

Thanks to LinkedIn for supporting Stacking Benjamins. Go to LinkedIn.com/sb and get a $50 credit toward your first job post.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm David Steinwin. I'm not talking to other people about money on money for the rest of us. I'm stacking Benjamin's.

0:10.5

Live from Joe's mom's basement. Doug, and I am so happy she's finally here.

0:30.7

Today in the basement, we welcome the woman who's bad with money, Gabby Dunn.

0:36.1

Plus, in our headline segment, another popular publication disses the fire festival.

0:42.2

I mean, geez, who's next?

0:43.9

Netflix, Hulu.

0:46.0

Oh, wait, what's that?

0:47.8

Oh, oh, sorry.

0:49.4

They're dissing the fire movement.

0:52.5

And meanwhile, over on the Haven Lifeline, we'll answer a question from Kathy about

0:57.3

bonds.

0:59.9

And we'll answer a letter from the mailbag all while you hope that today you'll actually

1:06.4

be able to entertain your friends by correctly answering my incredible trivia.

1:11.9

And now, two guys who entertain each other by making armpit farts, it's Joe and O J-J-J-J-J-J-G.

1:26.2

Did you do that in third grade?

1:28.5

Is the question whether or not I've done it since third grade?

1:32.7

The question is maybe yesterday.

1:34.7

Third grade up through yesterday.

1:36.8

Have you done it?

1:37.4

Yeah.

1:37.9

Yes.

1:38.3

I remember playing those games with my kids.

...

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