Young vs. Old: Which Saving Strategies Are Right for You?
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 24 February 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
There are so many savings strategies out there, but which are right for YOU? If you're young, how does your savings plan differ from the plans of older people? And, when you hear advice about saving, which are meant for you? We'll dive into that today with our panel featuring the host of the Everyone's Talkin' Money podcast, CFP Shannah Game. She's joined by financial juggler and super-writer Paulette Perhach and award-winning blogger Len Penzo in a far-ranging discussion about age, saving, and optimizing your game plan.
But that's not all! Of course, our panel will compete in our weekly Stacking Benjamins trivia contest. The race is tight...who will come out on top?
FULL SHOW NOTES: https://www.stackingbenjamins.com/shannah-game-1322
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
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Transcript
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| 0:00.0 | I'm actually snaverly being of sound mind and body to hereby bequeath the following. |
| 0:09.0 | To my wife Rose, who spent money like there was no tomorrow, I leave $100 and a calendar. |
| 0:16.0 | To my sons, Rodney and Victor, who spent every dime I ever gave them on fancy cars and |
| 0:22.5 | past women, I leave $50 in dines. |
| 0:27.2 | And to my other friends and relatives who also never learned the value of a dollar, |
| 0:32.2 | I leave a dollar. |
| 0:40.1 | Live from Joe's mom's basement, it's the stacking Benjamin's show. |
| 0:50.2 | I'm Joe's mom's neighbor, Duggan. Whether you're young or old, I'm Joe's mom's neighbor, Duggan. |
| 0:56.1 | Whether you're young or old, I guarantee Joe is still older than you. |
| 1:01.8 | Today, we're talking about the difference between saving for young people versus older people. |
| 1:07.5 | To help you think about your money, no matter what your age, we welcome from the |
| 1:12.2 | everyone's talking money podcast, Shawna Game. Also, to tell us about how interest is compounded |
| 1:18.6 | since the Cretaceous period, we welcome from Len Penzo.com of the Loseraptor. Nah, we haven't |
| 1:26.5 | taught ours to speak yet. It's just Len Penzo. Nah, we haven't taught ours to speak yet. |
| 1:27.8 | It's just Len Penzo. |
| 1:29.4 | Plus, we welcome something even more likely to sneak up on you. |
| 1:33.7 | Paulette Perhatch! |
| 1:35.5 | But that's not all. |
| 1:36.8 | Then I'll swoop in with my trivia question. |
| 1:39.9 | And now a guy who's young at heart, but has been investing a long, long, |
| 1:44.8 | who man, long time. |
| 1:47.1 | It's Joe Saul Cihai. |
... |
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