Zen and the Art of Better Money Decisions

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 19 June 2023

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does picking the right investments, avoiding debt, or saving for goals stress you out? To most of us -- even the best savers -- stress is a reality, and just part of the "game" of money. Michael Gilmore, the Seven Dollar Millionaire, says that it doesn't have to be that way. Today he's on the show to teach us how Zen philosophy can help us relax, unwind, and still reach our financial goals (and maybe while living a better life). In our headline segment, there's LOTS of money sitting in cash right now, according to new data out. We'll share why sitting in cash might be a huge mistake, and also why trying to time "the right investment" is equally as dangerous. Plus, in our TikTok minute, we'll share a video shared by a listener about ONE financial measuring stick you might not have considered. Would it make sense to pay more attention? We'll share. Of course, Doug shares trivia and there's much, much more. Hope you're able to join us on today's show RUN OF SHOW: Introductions Headline: Trillions sitting in cash TikTok Minute: A new financial index? FEATURED GUEST: Michael Gilmore, the $7 Millionaire Haven Life Line Community Calendar Credits FULL SHOW NOTES: https://www.stackingbenjamins.com/find-your-money-zen-with-michael-gilmore-1371. Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at StackingBenjamins.com/201. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	It's Monday. We got a huge special week this week. I can't wait. Oh, gee, I can't wait.
0:04.4	It's going to be great. What's so special about this week? We got Michael Gilmore upstairs
0:09.4	talking to mom. Oh, we got Rizali Gatau is here on Wednesday. Do you know how, how
0:15.4	stores have that like Christmas and July sale kind of thing? I feel like that's what
0:20.5	we got going on right now. It's six months earlier. It's June. It's the holidays. Is it
0:25.0	June swoon? We talked about the June swoon. That's exactly should be swooning over this
0:30.8	week. But you know, we're going to swoon over for a second. The men and women who serve
0:35.8	our country because that's what we do at the top of every week. So raise your glass, people
0:40.2	on behalf of the men and women at Navy Federal Credit Union and the men and women making
0:44.3	podcast and mom's basement. Here's to our troops. It's all go cheers. Stacks and bechements
0:50.4	together. Here here. Nervous? Yes. First time. No, I've been nervous lots of times.
1:03.2	Live from Joe's mom's basement and the stacking Benjamin check. I'm Joe's mom's neighbor
1:18.7	Doug and prepared to get enlightened with money. Today, we're talking about how to develop
1:24.2	a Zen approach to your money with financial educator Michael Gilmore. For our TikTok
1:30.0	minute, we'll learn how strip clubs are the number one economic indicator. I know it,
1:36.2	which is why I've been investing in them for years. In our headlines, over $6 trillion
1:42.1	is sitting in cash and that's just what's under Joe's mom's mattress. What? No? Well,
1:48.2	it's got to be lovely for some reason. What's all this money doing and why isn't it in
1:53.4	stocks? We'll share. Plus, we'll throw out the Haven Lifeline to stack or tracey who wants
1:59.2	to know more about Roth 401Ks. And then just because I'm a super nice guy, I'll share
2:05.9	some pretty powerful trivia for you and no extra charge. And now, two guys who know how
2:12.8	to become one with money, Joe. Oh, and oh, j-j-j-j-j-j.
	...

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