The Stacking Benjamins Show

BIG Questions In Finance: Are You IN or OUT? (SB1665)

9 snips
Apr 4, 2025
Paula Pant, founder of Afford Anything, and Jesse Cramer, host of The Personal Finance for Long-Term Investors Show, join a lively roundtable discussing polarizing finance topics. They tackle the myth of 'good debt' and debate whether living without a budget can lead to freedom or regret. With insights on the awkward yet valuable necessity of money discussions with family and friends, they also examine the trade-offs of pursuing FIRE goals. Plus, enjoy some light-hearted trivia that brings laughs along with the learning!
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ANECDOTE

Zero Percent Auto Loan

  • Jesse Kramer got a 0% interest auto loan, demonstrating a potential benefit of debt.
  • He argues this was better than paying the full price upfront.
ANECDOTE

Jefferson's Finances

  • Thomas Jefferson meticulously tracked his finances but died penniless.
  • This shows tracking alone doesn't guarantee financial success.
ADVICE

Spending Plans vs. Budgets

  • OG prefers spending plans over strict budgets, allowing flexibility.
  • Focus on saving goals, then enjoy remaining money guilt-free.
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