Yes, You Can Talk To Your Family About Money (plus an intro to Seeds Investor)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 19 March 2021

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Whether you are a parent, have parents, or find yourself at the Thanksgiving table sandwiched between generations, honest money conversations are crucial to your financial journey. Single investors with no kids need to know the late-life plans of their parents before they're surprised with care costs. Kids themselves need financial education and the best way to do that is by showing them firsthand. Parents, especially those supporting two generations, have all the more reason to make sure everyone is on the same page. Joining us today to share the strategies and conversations inside of their own families, we welcome Pam Andrews from The Scholarship Shark; Doc G from the Earn & Invest podcast, and OG from our own Stacking Benjamins. Friday Fintech: Ethical Investing with Seeds Investor Remember 15 years ago (or even five) when investing in ESG's was considered principally an ethical move? While you could invest according to your morals people would tell you about the market returns you'd miss out on. That's not quite the case anymore, and now it's easier than ever to stick to your ethical considerations AND make money doing it. Joining us today from Seeds Investor to discuss the future of ethical investing and Seeds part in it all is COO & Head of Product Kristen O’Grady. Our Listener Voicemail Dan graduated from college last year and has been staying with his parents rent-free. He's since become a salaried worker, with a big raise and benefits to match. Dan tells us that he had been putting 15% of each paycheck into a savings and emergency fund. He has a few manageable bills right now and has been investing the rest. Dan asks: what are out thoughts on transferring the 15% savings rate to his investments instead? After all, he could maximize his investments while having low bills. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi, I'm Eric Rosenberg from Personal Profitability, and when I'm not busy hustling my tuches off, I am Stacken Benjamin.
0:07.0	Why from Joe's Mom's Basement? It's the Stacken Benjamin Show.
0:18.0	I'm Joe's Mom's Neighbor Duggan. How are your family members handling their personal finances?
0:32.0	Today, we'll help the whole team kick butt with some help from the woman behind our scholarship mastery course, Pam Andrews.
0:40.0	And the guy who kicks butt with the Earn an Invest Podcast, Doc G. And finally, he's here to kick your butt three days a week. It's OG.
0:51.0	Plus, what discussions about money should you have with your financial advisor? To help your portfolio,
0:59.0	today on our Friday Fintech segment, we'll talk to Kristen O'Grady from Seeds Investor.
1:05.0	Later, we'll magnify Dan's money. He graduated last year and just converted to a full-time employee and got a big raise.
1:14.0	Sounds like Dan's also a little bit of a brag, am I right? How should he alter his plan to get as much money working for him as possible?
1:24.0	And finally, we'll tackle my trivia, which will totally kick butt.
1:30.0	And now, a guy who hasn't once asked me about my retirement goals, which may or may not include a camper, some moon pies, and a case of Doc Pepper.
1:39.0	It's Joe's All-See High.
1:44.0	Doc's got big, big goals, doesn't he? Hey, everybody. Welcome to moon pies for the win podcast. I'm Joe's All-See High, average Joe money on Twitter.
1:55.0	We're going to have some fun today talking about money and families. And how do you, a, teach your kids about money, keep the conversations open, and maybe talk to parents about money.
2:07.0	And here, joining us as usual, to help me kick off the weekend. It's my friend, OG.
2:13.0	The end of spring break, I can't believe you actually got me today, because I put in my PTO request earlier this year.
2:20.0	I was supposed to be off today to say no.
2:22.0	I took out the rubber stamp and went denied. We need you here. You know why? Because you've got three kids and you've had to teach them about money.
2:29.0	I do have three kids. It reminds me the Simpsons part that was probably one of my favorite lines from Simpsons ever.
2:35.0	Oh, I have three kids and no money. Why can't I have no kids and three money?
2:42.0	It's all logic. Absolutely logic, man. Why can't I have no kids and three money?
2:49.0	You know, that's why that's why I only had two kids, because I knew that I only have two money then.
	...

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