The Stacking Benjamins Show

Scott Trench, CEO of BiggerPockets, and Laura Schroff, author of "An Invisible Thread," share powerful insights about connection and kindness. Laura recounts her life-altering friendship with a young boy, emphasizing the importance of compassion. The duo discusses cryptocurrency challenges faced by athletes receiving volatile salaries and the evolving nature of non-compete agreements in various industries. Their engaging dialogue intertwines financial lessons with personal anecdotes, illustrating how empathy and education shape our financial decisions.

Wendy Wright, a licensed therapist specializing in financial therapy, joins certified planner Lawrence Sprung and finance expert Paula Pant for a deep dive into financial trauma. They discuss how emotional wounds impact financial decisions, from neglecting budgets to hoarding cash. The trio highlights the importance of recognizing symptoms and addressing behaviors with compassion. Personal stories reflect on the scarcity mindset shaped by past experiences, urging listeners to seek help and find balance between saving and enjoying life.

In this special Halloween edition, Scott Mueller, a second-generation funeral director, shares essential insights on pre-planning funeral expenses. He emphasizes the emotional benefits of making arrangements ahead of time to ease future burden on loved ones. The conversation also uncovers common pitfalls and scams to avoid when choosing funeral services. To lighten the mood, there’s a sprinkle of hilarious Halloween trivia and iconic horror movie lines, making this discussion both informative and entertaining!

Join Chuck Jaffe, an award-winning columnist and host of The Money Life Show, as he transforms Halloween into a thrilling economic adventure! He introduces a unique 'cash or candy' game, blending fun and finance to teach kids about probability and decision-making. The conversation also covers chilling retirement regrets and smart planning strategies, plus some light-hearted NFL expansion chatter. With trivia and humor woven throughout, this discussion promises engaging insights for both children and parents alike!

Doug Cunnington, creator of the Mile High Five podcast, joins Paula Pant, known for her insights on the Afford Anything podcast, to tackle financial alignment in relationships. They delve into the challenges partners face with differing financial goals and the importance of open communication. Through humor and personal anecdotes, they share strategies for navigating financial disparities, budgeting tips, and fostering financial compatibility. Listeners will find valuable advice on enhancing partnerships and making financial decisions together.

Personal finance expert Len Penzo shares his insights on managing financial risk and retirement planning. He emphasizes the importance of understanding risk tolerance, particularly for younger investors who can recover from losses. The discussion dives into emotional investment decisions, the potential of career risks, and how expanding financial strategies can lead to greater wealth. With amusing anecdotes about Halloween treats and reflections on gambling in Las Vegas, Len and the hosts keep the conversation engaging while unpacking essential financial lessons.

Grab your coffee mug and join us for a journey full of strategic insights and valuable life lessons. Business legend Seth Godin joins us to share his wisdom on financial strategy and personal success. From college applications to wedding planning, Seth's advice on using a strategic compass over an outdated map will help you navigate big decisions and avoid wasting time and potential. Plus, we explore the balance between effortless yet intricate service and strategic pricing, advocating for value over cutting costs like Walmart because, sometimes, the tension in the experience is what makes it memorable and rewarding. There are plenty more actionable takeaways in our discussion with one of the most prominent gurus in marketing. Mainly, we delve into why having a well-thought-out strategy for life and personal finance can make all the difference. Learn from Seth's rich experience—from guiding startups to success to creating impactful strategies.We also explore the historical strategies that have shaped businesses like Yahoo and Google. Seth emphasizes the importance of vocalizing strategies, balancing personal agency with systemic constraints, and the essential threads of strategy: time, empathy, games, and systems. Using personal finance as a lens, Seth helps you understand complex concepts in a relatable way, underscoring how strategic thinking can transform everything from wedding expenses to retirement planning.Of course, that's not all. In our headline segment, we share the results of a recent study by Harvard, Vanguard, and others on 401k plan "leakage." New rules allow people to take annual withdrawals from their retirement plans. Will people abuse this new rule? The results of this study are surprising, to say the least. We discuss how to use 401k loans, why we don't favor them, and strategies to plug leaks so that your financial boat doesn't sink.On top of that, we also share trivia from Doug and much, much more! This may be your favorite Monday on Stacking Benjamins!Run of ShowMorning Optimism and Weekend PlansSaluting Our TroopsSpecial Guest: Seth Godin on StrategyThe Importance of Strategy in Personal FinanceCollege Applications and Life StrategiesSeth Godin's Background and AchievementsUnderstanding Strategy: Time, Empathy, Games, and SystemsWalmart's Competitive EdgeFreelancing on Upwork: A Race to the BottomJustifying Higher PricesThe Power of Peer GroupsMentorship vs. Peer GroupsPersonal Experiences with Peer GroupsTrivia Time with Doug401k Loans and Retirement Plan LeakageThe Importance of Cash ReservesUpcoming Events and MeetupsConsulting Firm AnecdoteFULL SHOW NOTES: https://stackingbenjamins.com/create-you-life-strategy-with-seth-godin-1590Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Join experts Deb Meyer, a financial coach for parents, Sean Mullaney, a tax strategist for financial independence, and Doc G, a personal finance podcaster, as they unpack the intricacies of tax planning. They challenge the myth that poor tax planning can wreck retirements, while shedding light on essential strategies about Roth vs. traditional accounts. The trio discuss the 'tax torpedo' affecting Social Security, and provide a humorous take on historical tax evasion, making complex tax strategies accessible and entertaining for everyone.

Discover innovative income strategies inspired by private equity in professional sports. Learn how to maximize your wealth through tactics like Roth IRA conversions, car rentals, and drop shipping during retirement. Enjoy a humorous TikTok minute about misguided online shopping, while picking up practical retirement planning tips. Delve into intriguing trivia, from Marie Antoinette to Cutco knives, all while enjoying lighthearted banter. This chat promises both valuable financial advice and plenty of laughs!

Ben Orlin, author of 'Math with Bad Drawings' and engaging math teacher, joins the discussion to bring the joy back into numbers. He reveals how understanding statistics and standard deviation can uncover hidden stories in finances. Ben emphasizes embracing mistakes as essential for learning, and his humor makes math relatable. The talk also highlights investing strategies for achieving millionaire status through patience, while Doug shares amusing trivia about mean and median averages, showing that math can indeed be fun!