The Investing for Beginners Podcast - Your Path to Financial Freedom

The Truth About Target Date Funds: Joe Saul-Sehy of Stacking Benjamin's Take

Apr 17, 2025

01:07:28

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Quick takeaways

Prioritizing a solid budget is crucial for financial stability, especially amid rising costs and market fluctuations.

Personal financial missteps, like debt accumulation, emphasize the necessity of understanding budgeting and credit from a young age.

Target date funds are discouraged by Joe Saul-Sehy, who stresses the need for more active wealth-building strategies instead.

Deep dives

The Power of Partnership

Successful entrepreneurs often highlight the importance of having trusted partners on their journey. Figures like Alex Hormozi and Justin Welsh attribute much of their success to collaborations that enhance their business capabilities. Partnerships provide not only support and resources but also diverse perspectives that can drive innovation and growth. In competitive markets, having the right partner can significantly influence the trajectory of a company's success.

Intro

2min

Navigating Financial Concerns and the Value of Education

3min

Navigating Financial Responsibility and Purpose

19min

Securing the Future: Financial Protection and Affordable Services

3min

From Setbacks to Success: Lessons in Resilience

15min

Navigating Investment Choices for Beginners

10min

Navigating Investment Bias and Strategy

12min

Leveraging Skills for Financial Success

5min

Join Joe Saul-Sehy (Stacking Benjamins) as he shares his raw, hilarious, and practical journey from financial disaster to financial independence. Learn why budgeting trumps stock picking, the real story behind target date funds, and how to build wealth in your 20s.

[00:01:00] Joe’s frugal start: recording from his mom’s basement.

[00:02:00] Inflation warning: budget, not stocks, is your real risk.

[00:04:00] Joe’s first money mistake: credit card disaster at Citadel.

[00:09:00] Mom’s tough love: “It’s your problem, not mine.”

[00:11:00] Gamifying debt payoff: taking control became fun.

[00:14:00] Take career risks, not just portfolio risks, for wealth.

[00:17:00] Purpose in retirement: why staying active matters most.

[00:39:00] Target date funds: why Joe says “don’t use them.”

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

Today’s show is sponsored by:

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Go to get.stash.com/INVESTING to see how you can receive $25 towards your first stock purchase and to view important disclosures.

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Use code [INVESTINGPOD] at the link below to get an exclusive 60% off an annual Incogni plan: https://incogni.com/investingpod

Learn more about Joe and Stacking Benjamins here:

Stacking Benjamins

What do Dave and Andrew recommend?

Andrew works really hard to find the best insights he can every single month at Value Spotlight. To see a sample of his previous work, go to stockwriteup.com.

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