Why Some People Will Always Be Poor (with tax prep tips from The Bookkeeping Artist)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 25 January 2019

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What does it really mean to be poor? We're not talking about poverty...that's a whole different issue, when compared to one article we're discussing today, which covers the difference between people who are "poor" but own lots of stuff and people who are "rich" and own very little. What do we mean? We'll dive in to this topic today with our roundtable group of bloggers and podcasters, including Cody Berman, co-host of the FI Show; Len Penzo of LenPenzo.com; and from our own Stacking Benjamins podcast, OG. Plus, we'll take a call from Tyler, who has some stock market questions about 2019. Can the Magic 8 Ball possibly help him with his issue? And, if that isn't enough, we'll also answer a question from the mailbag!

Halfway through the show we'll take a break and talk tax prep with Katherine Pomerantz of The Bookkeeping Artist. Katherine brings some great information on how to get your books organized for this year's tax season, and some advice that'll hopefully keep a bit of your hair on your head through April's filing season. ...and of course, we'll still have time for Doug's trivia.

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Transcript

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0:00.0	You know, I don't understand this podcasting thing.
0:03.6	How come you boys can't have those keg parties and chase the girls like all the other nice boys do?
0:10.0	Y'all are nerds.
0:16.5	Live from Joe's Mom's Bas, it's the stacking Benjamin show.
0:30.2	I'm Joe's mom's neighbor, Doug, and according to Joe's mom's crazy holiday calendar,
0:35.5	it's spunky old broads day, which is the perfect holiday for Joe and OG and their guests.
0:42.5	On today's show, we welcome the blogger behind Fly to FI and co-host of the FI show, Cody Berman.
0:51.1	And from Len Penzo.com, it's Lynn Manuel Miranda.
0:56.4	He's busy bathing in his extra money from Mary Poppins returns and taking Hamilton on the road.
1:03.4	No, no, no.
1:04.2	It's just our own Len Penzo.
1:06.5	Boring.
1:07.5	Today, they're talking about a popular financial piece that addresses being poor.
1:12.5	What makes you poor or rich?
1:15.6	Plus, on the Magnify Money Call, we'll talk to one listener who has a very, very serious question.
1:22.1	Of course, we'll still have our Friday mid-show feature, but today we're throwing out the FinTech and instead talking
1:29.9	about your taxes. Catherine Pomerantz runs the bookkeeping artist and today she'll help you get
1:37.2	your books organized for this year's tax season. I'm sure all you spunky old broads will have fun with
1:43.4	that.
1:52.0	And now the spunkiest of our gang of Spunky Old Broads, it's Joe Salsiye.
1:59.9	Of course, on today we have Spunky Old Broad Day.
2:02.9	Who makes up these holidays, by the way? We've got three spunky old broads on the show with us today across the table is the spunkiest of the broads
	...

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