The Stacking Benjamins Show

If you're lucky enough to have a job now, and you've been still chasing your dream, what does your "finish line" look like? You won finance! Hooray! With everything you want behind you, what's next? Answering these questions and more are today's contributors: Jennifer Grimson from the Micro Empires podcast; Len Penzo from the LenPenzo.com blog, and our own Stacking Benjamins podcast co-host, OG. While the question seems nice and someday-ish, I think today you'll find that you're closer to "enough" than you may think. Halfway through the show we'll break from our conversation and move over to your wellness checkup. Like Suze Orman said (in a number of words), what do riches mean without your health? During this week's middle segment, we take a quick break from FinTech to cover health and wellness with MetPro's co-founder Angelo Poli, who will break down how important proper nutrition really is - both for your health AND your bottom line. What's your next step when you're at absolute zero? No cash, no residence, no job? That's what our contributors have been tasked to help with today, and our special guest Jennifer Grimson is the perfect person to ask. Jennifer has had to start from zero... TWICE. Today Jennifer and our panel share what you should do when you find yourself starting with nowhere to turn. As always, we'll save some airtime halfway through for Doug's game show. Doug will start out with a freebie: The country of Nigeria commands the largest GDP in Africa. The question? How much is it? Learn more about your ad choices. Visit podcastchoices.com/adchoices

We've recorded a ton of episodes. At the point we hit stop on this one, we're officially nearly at 1,000...but when you count all of the previous podcasts, the shortened episodes that we used to NOT count, and the special events, we're well over 1,500 episodes. Not ONCE during that time did we stop and ask ourselves, "Should we actually give people the framework that we're working from?" Today we do that. Joe and OG have a frank conversation about the art of fooling around, about sharing mistakes instead of victories, and about including stories from many points of view. If you've listened to the Stacking Benjamins show once or a thousand times, we hope you'll enjoy the first episode where we discuss the SB Creed. Of course, we will STILL lean on Doug for a trivia question. We're not heathens. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What happens when you find three great storytellers and ask them to share their personal journeys toward a better life, LIVE? You get a nearly two-hour YouTube special that we're going to replay for you right here! The STACK event features the co-author of the classic financial philosophy book Your Money Or Your Life, Vicki Robin, who will talk about her journey learning for herself why finding a different path to financial security was important. We also feature a guy who's story has resonated with many (especially lately after a feature video in the Million Stories series was released), Michael Santos. Michael found himself incarcerated at a young age but not only turned around his own life, he also is passionate and focused on helping others going through trouble turn their lives around. Finally, and kicking off our show, we'll introduce you to Dan Chan, a man who's not only entertained billionaires, but a guy who's had to pivot with his business since COVID-19. How did he go from working at PayPal to chasing his dream? He'll share his journey today! If you'd like to join us for the live, unedited event, where you can ask questions, hang out with other Stackers, and possibly take home one of our participant prizes, sign up for our newsletter, The Stacker, at http://stackingbenjamins.com/stacker. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Let's not mince words. It's been a pretty s%$! year. BUT there have been TONS of fantastic financial lessons you could have learned from 2020, and many skills you've probably figured out already that you NEED in the future. So what are those skills? We'll share the top 5 list our friend Katie Brewer, CFP listed on a recent blog post. Here to help us dive into their take on all of these skills is Joe's co-host on the Money With Friends podcast, Bobbi Rebell. Plus, from Afford Anything, we'll get help from Paula Pant...AND from Len Penzo dot com, we'll hear from Len Penzo. In our Friday FinTech segment, we'll speak with Qube founder Ryan Clark about how they've created an envelope budgeting system for 2020 and beyond. Not familiar with the envelope budgeting system? We'll explain how it works AND how Ryan's team uses technology to help you do better with your money. Plus, during our MagnifyMoney.com segment, we'll take a question from a listener who wonders what designations he should pursue to coach people on their money. He's thought about becoming a Certified Financial Planner, but thinks for the type of coaching he wants to do, that it might be overkill. You'll love how the team today discusses which designations might be best (spoiler: we don't agree). Of course, we'll also leave time for Doug's amazing trivia challenge, which today is all about the World Wide Web. Can you nail the answer without looking it up? Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Buildings, sidewalks, statues, plaques...they all tell stories that are nearly hidden from view. You can take a walk out of your front door if you live in nearly any city, and there are stories all around you. The great news? They're all free. And, like a puzzle, the stories of a 99% invisible city can keep you occupied for hour after fascinating hour. Today we chat with Roman Mars from the 99% Invisible podcast about a few of these stories. We'll talk about park in Australia, a baseball player in Japan, and sidewalks...everywhere. Over $1 billion in bitcoin has been seized by the U.S. government. We'll share how and why, and also dive a little into bitcoin in general. Has it become a more stable landscape for investors? Plus, in the search for lower taxes and a better bottom line, Rock Legend Gene Simmons has decided to wave his California estate (and California taxes) goodbye. High taxes vs. good friends and memories of the neighborhood. Which would you choose? Plus, we'll throw out the Haven Life line to August, who wants to rollover his Roth 401k to a Roth IRA when he retires. He's already seeded the IRA with $500. Is there any reason to invest in one account over the other? August asks, does the answer change if he's plans to retire early? Learn more about your ad choices. Visit podcastchoices.com/adchoices

In today's wide-ranging chat with the Invest Diva, Kiana Danial, we hear about her personal story of setting high goals and achieving them. From her family's flight from Iran to working on becoming an engineer, being fired from a Wall Street job and more, Kiana's done it all, and today we'll talk about how you can pivot your way to success. We'll also talk about popular brokerage app Robinhood, making videos that people want to watch, the FOMO people felt during the heady Bitcoin run up, and more. Plus, remember the old saying: if it's too good to be true, it probably is? Make that doubly so if what you're talking about involves investing or finances. We'll share yet another story of investors being fleeced out of their life savings after being roped in by too-good-to-be-true financial scams. And also, Suze Orman is back in the news. A recent health scare has the queen of money talk thinking critically about the relationship between money and health. During our Haven Life line, Ronnie Jo calls in asking for good financial advice for her 19 year-old sister. She'd like to make sure her sister can navigate the financial waters, and Joe and OG deliver advice that'll serve anyone well, young adult or not. Of course, we can't have a show without giving Doug some airtime. His trivia for today? Something about Einstein? Or winning money? Who really knows? Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

On today's show, we bring you a cornucopia of November financial topics! Is your rule of thumb going to leave you broke in retirement? We'll start off by talking about the nerd's updated version of the 4% rule and maybe throw in some advice explaining why generalized guidelines aren't the best investing strategy. Plus, in homage to our older roundtables, we'll give our contributors a few more headlines to chew on, including a new plan to push required minimum distributions to 75, AND our roundtable will cover the new college savings plan ranking system from Morningstar. Making today's super-show happen is our amazing team of contributors: Michael Anderson of the Big Idea podcast; Paula Pant from the Afford Anything podcast, and from our very own podcast, OG. Halfway through the show, we'll FINALLY share our main topic, bow to avoid a holiday hangover. Joe and Belinda Rosenblum will talk about how to set up a strategy to make sure this is the year you finally are able to get ahead financially, or at the very least, stay afloat during the holiday season. We'll finish today's show with some salacious gossip thanks to our question from Shane. He says that he loves our pieces on financial crimes, but what about the the less popular crimes? Shane wants to hear about daring financial crimes like money laundering and check kiting. Does our panel deliver? Yes! So make some popcorn, sit back, and enjoy this week's MagnifyMoney segment. Of course, we'll always save some time for Doug. Think you know your sports history? You'll love Doug's question today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What can we learn from market wizards, the name Jack Schwager gives to traders who routinely beat the index? Even if you aren't trying to trade the market, but instead want to just be competent, you can learn a ton. Jack Schwager has studied the best and brightest in the industry for years and today we talk to him about patience, discipline, love of the game, and more. You can use ALL of these ideas to be a better investor, even if, like most of us, you're a member of the buy-and-hold tribe. Plus, in our headlines segment, how hard is it to get your will done? Our engineer extraordinaire, Steve Stewart, just finished his. Joe and OG ask him about how and why he completed his plan, and how difficult it was. We'll also throw out the Haven Life line to Peter, who wonders about his investment strategy, and of course, we save time for Doug's amazing, post-election trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

While everyone struggles to get along through COVID-19, if you're lucky enough to be healthy and safe, NOW may be a great time to find ways to earn more money. By using skills you already have, you can begin to build wealth and put your financial house in order. Today we'll talk to Mr. I Will Teach You To Be Rich, Ramit Sethi, about the power of networking, college, working online, transferring skills, and more. It's a powerful discussion that hopefully will move you from being defensive in 2020 to going on offense. When's the last time your family reviewed your household fire safety plan? Good financial planning goes beyond the adrenaline-fueled excitement of long-term investing and emergency funds. During our headlines we'll be joined by Steve Kerber, Director of the UL Firefighter Safety Research Institute. Steve will share essential safety tips on how you can keep your family - and physical property - safe from a fire emergency. PLUS, you can watch a new video below from the Firefighter Safety Research Institute showing just how little time you have to escape a home fire. In our second piece, we'll discuss the importance of things like disability insurance. In a tragic incident, a cyclist has been reportedly left brain-damaged after a split-second accident with a dog. Many people go without when it comes to insurance with excuses like, "I'm safe!", or "nothing bad ever happens to me!" The other side of that coin is that accidents are just that... accidents. We'll finish out the show with a Haven Life line question on HSAs (Health Savings Account) and HRAs (Health Reimbursement Arrangement). Ethan will be switching jobs soon, and his new employer only offers a HRA. Ethan wants to keep contributing to his HSA even without the extra employer benefits, but wants to know: can he contribute to both the HRA and HSA? Plus, with the election looming tomorrow, Doug's campaign is in full swing. He'll use some of his mid-show airtime to quiz his loyal voters on how many electoral votes he'll need to take the White House. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On today's show we're mixing the ghoulish past with the horrific NOW. Chuck Jaffe from Money Life with Chuck Jaffe joins us to share how he's scaring his neighborhood kids this year into better money habits AND then we rewind (this is our rewind week!) to Sandy Smith sharing how she spent just under $5000 on her wedding and had the ultimate experience for herself, her husband, and their friends. It's a great now/rewind episode of Stacking Benjamins (plus we share an AWESOME event coming up for all Stackers on 11/10...join us!). Learn more about your ad choices. Visit podcastchoices.com/adchoices

What's more spooky than an investing story gone wrong? Nothing... if we're discussing your net worth. Today the Fintern brings us back to our time with CFA Rick Ferri, who dropped by the basement and scared us silly with some absolutely HORRIBLE investing stories. Plus, Nick Clements from MagnifyMoney.com also joined the show to talk about our (then) recent discussions around technology and pricing structures. Of course, we also had headlines, Doug's trivia, and more. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Happy Rewind Week Stackers! We're kicking off Monday strong with a special show that used to be a fan-favorite: a Joe and OG Top 5. Today's topic? How to react to market volatility. It was relevant then, and it's relevant now. There's no featured guest on today's show - but there's also a whole bunch more of Joe and OG banter than you'd normally have. (Some people say that's a good enough trade-off). You can read the short and sweet original show notes below: It's another Top 5 episode! Today Joe & OG tell you their top 5 ways to handle bouncing markets. In headlines we tackle the herd mentality down markets create and signs that it's time for a new advisor. We also fire up the Quotacy hotline for the first time, where Sam asks about stretch IRA rules. It's all that and more on today's show! Thanks to Candid and Netsuite for sponsoring the Stacking Benjamins show! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Worried it's next to impossible to get your finances in order by this point? What if I told you it could happen by Thanksgiving? (For those of you caught in the infamous 2020 haze, that's a little more than a month away). Today our roundtable crew share their personal tricks of the trade they employ to manage their budget, lower their expenses, and keep charge of their finances. Joining us on our roundtable is the mind behind the Own Your Money brand and Stacking Benjamins' partner in our Making Money Easy course, Belinda Rosenblum; Kevin Payne from the popular Family Money Adventure blog; and basement regular Len Penzo... from the aptly named Len Penzo dot com blog. After our contributors finish sharing their top finance tips, we'll give them a break while we shine some light on small businesses and what they've been experiencing this year. Helping us shine that spotlight is Kabbage co-founder, Kathryn Petralia. Kabbage was the second biggest PPP loan provider, and Kathryn will share the mistakes she's seen businesses make, what businesses should be doing right now, and what we can maybe expect in the future. We'll finish out the show with our Magnify Money segment - our caller Jambalaya wants to self-insure his health costs. He breaks his plan for his, and makes sure to let us know that he's otherwise healthy. Jambalaya asks for our seal of approval: is his plan sound, or, in his words, "should I keep it simple stupid?" Our roundtable will share their thoughts on our caller's plan. Naturally, we'll make some airtime for Doug's Friday trivia game show. This week's question? The original iPod sale price! Learn more about your ad choices. Visit podcastchoices.com/adchoices

When you make a decision about your money, do you weigh how that plays against your long term goals? Doing so is called considering your "opportunity cost." Today's guest talks about both the process of thinking about opportunities AND discusses how to weigh down markets. Should you move your money? He's been through a ton of down markets and has a world of experience with them. Today we're airing a very special episode with JL Collins, author of The Simple Path to Wealth. Doc G (in an interview originally aired on the Plutus award-winning Earn and Invest podcast) caught up with Collins last year, and asked him many questions, that we'll play for you today. What's your first response after finding out your online portfolio has been liquidated and cleared of its cash? Okay... so after THAT, you're probably calling your financial advisor until they pick up the phone, right? At the very least, solo investors should call the support line for their online brokerage.. right? What happens when NO ONE is available to help you figure out where the money went....or worse yet, when you do get a reply back it says that you'll need to hold tight for a few weeks? That's exactly what's happening to Robinhood investors... we'll unveil yet another issue at the troubled brokerage during our headlines segment. In our second headline: day-traders are often ignored by long term investors, but new research indicates these very-same day-traders could be a driving force behind market fluctuations, including the market rebound this year. Don't worry - we'll cover what that means to you and your plan. We'll finish out the show with a call from Ryan, who wants to know more about family contributions to a 529 plan. Ryan and his wife are expecting their first child, and would like their family members to contribute to their child's 529 plan instead of traditional gifts. Are there any online portals their family can use, or is it up to Ryan and his wife to collect contributions and investing the cash? Of course, we'll save some time for Doug's trivia. Doug was feeling generous today with his dino-trivia, and opted for multiple choice responses... enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Heather Jacks has done it all. She's created a new job to work for Howard Shultz, facilitated wine and bourbon tastings, ferried pigs for a guy, lived in the outback, and slept full-time in a bus named Bubba. Also? She writes travel stories for Fodor's and other outlets, while also keeping a blog. ....and she's modeled. ..and she's been a teacher. ...and....the list goes on, but we're excited today to talk to her about how she's found a way to put together diverse skills and barter her way across the USA. Think you don't have enough money to travel? She'll share tricks she's used and stories from the road on today's wide-ranging (to put it mildly) discussion. LOTS of people are having debt forgiven because of COVID-19, but some are in store for a surprise. We'll share who's showing up with their hand out when you write down debt during our headlines segment. Also, the new Social Security cost of living increase has been announced, and....it's not pretty. We'll talk inflation, the stock market, and setting up your investments to win. Of course we'll also throw out the Haven Life line to a lucky listener and leave some time for Doug to share some of his mind-bending trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

How's your network of mentors, friends and coaches? Who can you reach out to for help when you really need something? On today's show our roundtable contributors will tackle networking, and how to build a more effective surround sound for your life. We won't talk "networking," which can come across as dirty and slimy. We'll tackle how to effectively and sincerely grow a network so that you're more effective and also more of a help to other people. Our piece today says that your net worth is equal to your network, and we'll ask our roundtable what that means for you. Speaking of being happy...after our discussion on true friendship, wealth, and cold, hard business decisions - we'll turn our attention to a new site called Happy Money in our Friday FinTech segment. We'll give a break to our panel while Joe talks with the company's Chief Science Officer, Dr. Elizabeth Dunn, who's a behavioral and happiness expert. How do you, as mom says, turn that money frown upside down? She'll share details of what they're working on. Who's on our roundtable today? We're super happy that today we network with Roger Whitney from the Retirement Answer Man podcast, Paula Pant from Afford Anything, and OG from our very own podcast. Of course, we'll also save time for Doug's Friday game show trivia. It's too bad Joe isn't in the running for points - today's Disney themed trivia would net him an easy win this week. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

How's your savings plan been? Have you had to abandon ship on your retirement goals during this car wreck of a year? What are the keys to doing well with your money when the world turns on it's head? Today we'll discuss all of those things and T. Rowe Price's newest 401k data with the company's head of thought leadership, Josh Dietch. Is the stock market a house of cards? In a stunning accusation, one piece says that the stock market is nothing more than a (legal) Ponzi scheme, and a better investment for your money would be real estate, agriculture, and oil. While we're NOT jumping on the train to Ponziville, could there be some logic to the claims? We'll break down whether you should take any stock in opinion pieces with claims like these during our headlines segment of the show. Plus, Cake Boss Buddy Valastro is on his road to recovery after severely injuring his dominant decorating hand in a bowling alley accident. We'll share exactly what happened, and why this might make you change your mind about your insurances. We'll round out today's show with a letter from Randy during the Haven Life Line. After listening to our Guy Raz episode, Randy wanted to share his experience moving to Columbia. He reports that it was "easier" than he thought it would be, and he saved a lot of money doing it. Of course, we'll always save some time for Doug's trivia. It's an action packed Wednesday here in the basement, so we hope you enjoy it! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Do you focus on managing time or money? If you worry about every dollar, do you value your time similarly, spending moments carefully? While many of us know much we expect to save, spend, and invest each month, not as many of us know exactly where our time is going. In her new book, Time Smart, Harvard Global Health fellow Ashley Whillans explains where all your extra time is going, the two different approaches we take with time and work, and why it feels like we have less time in our day than ever before. Think you don't need a layer of separation between you and your money? After today's headline, you might reconsider how much access you want to your cash. The short and sweet? Under NO circumstances should you cash out $400,000 for your partner's flight school venture. (And maybe watch your checks). In our second headline, we'll cover Kobe's autographed court floor selling for over $600,000. While that's an undeniable nice piece of history to show off to your friends, the average investor (or even a lot of investors who could be considered rich), probably shouldn't even think about spending that kind of cash on a collectible. Plus, during our Haven Life Line Steve from Arkansas has a thing or two to say about Bauxite. On a recent show Joe and OG dismissed Bauxite a little too quickly for Steve's tastes, and he's laying down some firsthand knowledge. As always, we'll save some time for Doug's trivia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Most of us are frustrated by our paycheck. Are you a Henry? That's "high earner, not rich yet." Maybe you know a Henry and are confused how someone who makes so much money is constantly broke all the time? While our topic today covers money mistakes made by high-earners, workers of all income-levels will find today's advice relevant to their wallets. Plus, ever dream about owning rare baseball cards, vintage cars, or maybe even a jersey? Halfway through the show we'll dive into the world of investing and collectibles with Rob Petrozzo, co-founder of Rally. While you might not have the cash to buy a classic Aston Martin, you could invest in some shares. During our Magnify Money segment we have a big question that Brian posted in our Basement Facebook group on behalf of his neighbor. Brian's neighbor has had a rough go financially so far, but he's looking to turn things around. With bad credit, a felony, and a foreclosure on the record where should Brian's neighbor start? Plus, we'll make some time's for Doug's weekly trivia game show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

How are geniuses different than the rest of us? Can we study them to emulate some of their strengths? How do we define genius? Can we become a genius by applying ourselves? Today we'll tackle all of those questions and more with Dr. Craig Wright, who joins us to talk all things genius on today's show. If you've ever wondered what to do to improve your abilities in any area, we'll cover some of the traits of the best and brightest among us on today's show. Plus, while we've all read about the growing gap between the richest and poorest among us, we've actually read very few ideas to solve the problem. Hedge fund star Bill Ackman has a proposal, and in our headlines segment, we'll share details. Should we begin giving people money at birth? That's part of his idea that we'll share. Also, we all know that there are a few keys to success in life. Today we'll share the "magic sauce" as presented by one Tik-Tok creator. Brilliant! Of course we'll still throw out the Haven Life line AND save time for some of Doug's delicious trivia. What are you waiting for? Press "play" already! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Are you getting all of the mileage you can from your workplace benefits? LOTS of people are likely leaving money on the table by not layering benefits correctly, and TODAY we'll make sure you aren't one of them. Today Amanda Lannert, CEO of benefit-expert company Jellyvision, joins Joe to share best practices when it comes to increasing the mileage from your benefits. During Joe and Amanda's conversation, we'll walk through every benefit in the package and detail how to make better decisions about not just health insurance, life insurance, and disability coverage, but we'll also talk about flex spending accounts, health savings accounts, dependent care accounts, pet insurance, legal plans, supplemental hospital coverage, dental, and more. What's your retirement plan? We'll kick off our headlines segment by sharing the very scary retirement plan that far too many Americans are relying on. If you're reading this, you just might be the saver in your group of friends... and after you hear today's statistics you'll want to make sure your friends aren't including YOU as THEIR emergency plan. Plus, in our second piece, one lucky man found a 9-caret diamond in a public state park. As it turns out, it doesn't matter how you come into money, the IRS will find you, and they'll get their due. (On the other hand... public roads are nice too). We'll finish the show with a Haven Life Line question. Brian's company started offering withdrawls on after-tax contributions. Brian plans on using the mega back door Roth IRA instead of a 529 plan for his two-year old. He wants to pull out the contributions only and let the growth be used for retirement savings. Brian asks: what do we think of his plan? Of course, we'll also give Doug will some air time to deliver his trivia! Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

How many times have you negotiated a better deal? Car payments? Rent? Mortgage fees? How much in life is up for negotiation, and how do you get better at it? We asked our roundtable contributors the same thing, and they had a lot to offer. Making up today's show: Stacy Johnson, founder and CEO of MoneyTalkNews; Paula Pant from the Afford Anything podcast; and Len Penzo (from the LenPenzo.com blog), and another thanks to our celebrity reader - and author of today's piece - Rich Jones from Paychecks & Balances. Halfway through the show we'll take a break from our discussion while Joe rings up Ryan Falvey, co-founder of Financial Venture Studio. Fintech is a fast moving field, and we'll find out from Ryan how COVID has changed the game when it comes to apps on your phone. We'll finish out today roundtable with a Magnify Money call from Bruce. He tells our roundtable that he's buying his first home, and wants to shop around for a good mortgage. How can he do that without his credit being dinged 100 times? Our roundtable gives him so solid advice, and it'll be nice knowledge for you tooo. Of course, we'll also carve out some time for Doug's game show trivia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The biggest mistake you can make is to wait until the last minute to learn about how to make the most out of your benefits packages. It's one thing to mess up a form at the DMV, but when it comes to your Medicare, making a mistake can lead to big issues with your health. Danielle Kunkle Roberts, author of new book, 10 Costly Medicare Mistakes You Can't Afford To Make, comes on today's show to share the key decisions you'll need to make and how to avoid losing money or health care options. Plus, is another bear market on the way? Honest answer? Maybe! During our headlines we'll explain how the bear market could drop next week, (or tomorrow, or even next month)... and why that shouldn't matter to your portfolio anyway. In our second piece, we'll share the changing American sentiment behind sustainable funds. During the Haven Life Line, Amy calls in with questions on how to retire as an expat. Amy and her husband live in Germany with their three kids and they both get paid in euros. Due to complicated investing laws, Amy has most of their assets located in the United States. The problem? Amy's family plans to retire in Germany! Amy asks us: What type of professional should Amy and her husband hire to sort out their financials? Should that professional be American or German? All that and more on today's episode! Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

So you've learned that it's important to save. You've picked a mutual fund or an exchange traded fund, and now you're pouring some money in. What should you know next? Today we'll chat with CBS Business Analyst and host of the Jill on Money show, Jill Schlesinger. We'll talk about investment fees, better diversification, what's MOST important when you're investing, and more. Get ready for some investing talk because today class is in session! Making coffee is great, but the real easy money-maker? Holding other people's money. During today's headlines we'll explain how the giant coffee chain Starbucks it padding a huge part of their bottom budget with YOUR cash. Plus, financial giant LPL is stopping some of their advisors from using a Morningstar product. Is this a case of big brother overstepping? Hardly! We'll talk about how advisors work and the role of oversight on today's show. During the Haven Life Line, Jordan calls in with a question that I think will resonate with more than a few listeners. Jordan will be working from home for the foreseeable future due to COVID. His car has been collecting dust in the garage. Jordan asks: would it be sensible for him to sell his car? Jordan's wife will still have her minivan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What does diversification really mean? Contrary to popular opinion, there's more to good diversification than just spreading your money around. But how does it work? Today we'll tackle a recent piece from the Wall Street Journal that dives into popular myths about diversification. Believe it or not there's more to it than just "spreading your money around." Before I forget - a big thanks to today's roundtable contributors! You can find more from Miranda Marquit at MirandaMarquit.com and freelancewriteracademy.com; Paula Pant at AffordAnything.com; AND you can get help in your financial corner from OG HERE. As far as financial independence and doing all the "right things," Jeff is pretty set. After years of effort getting to this point, Jeff now finds himself thinking less about his finances. What's the solution here? Find a hobby? Earn more cash? Buy products from all of our sponsors? Our roundtable will share their thoughts during our Magnify Money segment. Learn more about your ad choices. Visit podcastchoices.com/adchoices