The Stacking Benjamins Show

How Do You Explain Good Money Habits to Newbies?

Dec 8, 2023
Guest
Bernadette Joy
Bernadette Joy, Founder of Crush Your Money Goals, joins the roundtable to discuss retirement plans, safe withdrawal rates, and understanding financial terms. Len Penzo shares his journey to becoming a millionaire and the importance of celebrating accomplishments. The dangers of blindly following advanced financial advice are highlighted, stressing the need to understand retirement withdrawal rates. The chapter also covers basic and advanced financial tips, a trivia competition, and advice on building good money habits. A casual conversation includes jokes about financial terms and a discussion on customized money habits.
Ask episode
Chapters
Transcript
Episode notes
1
Introduction
00:00 • 2min
2
From Debt to Millionaires
01:46 • 6min
3
US Cellular offer, Laughing at Len's Joke, and Recommending Rocket Money as an Alternative to Mint
08:12 • 2min
4
The Dangers of Skipping Basics and Blindly Following Advanced Financial Advice
10:07 • 17min
5
Financial Tips and Trivia
26:43 • 16min
6
Competition, Sponsorship, and Debt Advice
42:33 • 3min
7
Building Good Money Habits: Emergency Fund and Side Hustles
45:13 • 7min
8
The Importance of Commitment in Good Money Habits
52:19 • 9min
9
Casual conversation about 'backdoor' and 'mega backdoor Roth' with jokes about naming and a discussion on financial rules of thumb
01:01:00 • 2min
10
Customized Approach to Money Habits
01:02:44 • 6min