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The Stacking Benjamins Show

Yet Another Insurance To Avoid (SB1640)

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

🗓️ 5 February 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

What do scammers, fancy doors, and Twinkies have in common? Turns out, more than you think! Today, Joe, OG, and Doug take you on a wild ride through financial scams, fraud prevention, tax implications of dual residency, and... the surprising link between door quality and financial stability. (Yeah, we didn’t see that one coming either.)


What’s Inside This Episode?


🕵️‍♂️ Scams, Scams Everywhere! – From identity fraud to the trendy new "deed theft" scam, learn how to protect yourself before a scammer claims your house faster than you can say "that wasn't in the budget."

💳 Fraud-Proofing Your Finances – Why setting up credit monitoring, checking your bills, and paying attention to sketchy emails can save you thousands in headaches.

🚪 The TikTok Minute: What Do Soft Close Doors Say About Your Wealth? – Is your financial future written in the way your doors shut? Find out why door noises might reveal more about your bank balance than your credit score.

🧾 State Taxes & Dual Residency: The Sneaky Costs of Living in Two Places – Thinking about snowbirding to Florida or keeping a backup home in another state? We break down what you NEED to know before state tax authorities come knocking.

🤖 Password Security & The Quantum Computing Takeover – Is the future of passwords doomed? What you should be doing now to keep your Twinkies—and your bank accounts—safe.

🍕 Pizza Cutting Controversy & Nostalgic Minivan Stories – Because what’s a Stacking Adventures episode without a little debate, a little reminiscing, and a whole lot of questionable opinions on pizza slicing?

🍰 Twinkies Trivia: A Deep-Dive into the Snack That Never Dies – Have scientists unlocked the secret of Twinkie immortality? More importantly, should Twinkies be considered part of a solid financial plan? (Spoiler: probably not, but let’s discuss.)

📢 Stacker Questions & Community Fun – Helping a listener navigate dual residency tax headaches + a special meetup announcement!


Takeaways for Smart Stackers:


If it sounds too good to be true, it’s a scam. Seriously. Trust your gut, not the email from "Prince Jeff of Nigeria."


Your finances need monitoring, just like your snack stash. Set up credit alerts and check your accounts weekly to avoid surprises.


Moving states for tax savings? Do the math first. Dual residency isn’t always the loophole people think it is.


Twinkies may last forever, but financial security requires maintenance. A solid money plan beats a stockpile of snacks (but only slightly).


🎧 Hit play now for a mix of financial wisdom, scam-prevention tips, and just the right amount of Twinkie-fueled fun!


Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201


Enjoy!

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Transcript

Click on a timestamp to play from that location

0:00.0

They're dogs, and they're playing poker!

0:04.8

Ah!

0:05.3

Ha! ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.

0:14.6

Live from Joe's mom's basement, it's the Stacking Benjamin Show.

0:33.1

I'm Joe's mom's neighbor, Doug, and scammers are back in the news.

0:34.5

What now?

0:36.9

And just, I mean, how do you protect yourself this time?

0:39.2

Today, we'll talk about protecting your home and your credit plus we'll answer a question from one stacker who thought you know i'd

0:45.0

better call saul see hi and og and it's all about taxes of course we'll share a ticot minute

0:52.4

that may explain why you're not wealthy.

0:55.2

And, of course, I'll share some trivia.

0:58.6

Oh, and by the way, I fixed your trivia.

1:02.0

It needed fixing?

1:03.6

Yeah, no, it's better.

1:05.0

It's good.

1:05.5

Well, thanks, Joe.

1:08.7

And now, two guys who just yesterday tried to write off Taco Tuesday as a business expense,

1:15.3

it's Joe and oh, Jha, Jha, Jha, G.

1:22.3

Well, well, I did fix your trivia, Doug.

1:24.5

That did not happen, although, oh, gee, how great would it be if we could

1:27.7

have written off Taco Tuesday? Why couldn't you? Wait, you can't write off Taco Tuesday? It's not a

1:32.5

stretch. Oh, that'd be fantastic because that third margarita always goes down better at lunch

...

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