The Stacking Benjamins Show

Does The American Dream REALLY Costs $5 Million? (SB1741)Think the American Dream is slipping out of reach? Think again. In this episode of The Stacking Benjamins Show, Joe Saul-Sehy, OG, and Neighbor Doug tackle one of the biggest financial questions of our time: how much does it really cost to live the life you want — and is it still possible? Spoiler alert: it is, but it takes more than a paycheck and a Pinterest board. We break down fresh research from Investopedia, the rising price tag of everything from healthcare to college, and how smart planning (and a little basement wisdom) can keep your dreams from turning into financial nightmares. But this isn’t just another numbers game. Along the way, the gang shares stories from the road — including Joe’s brush with baseball’s most entertaining team — and digs into the strategies that can help you fight inflation, outsmart rising costs, and make compounding interest your best friend. Plus, we tackle big listener questions, from how to choose the right financial advisor to the best ways to set young adults up for success in a tougher economic landscape. And because life isn’t all spreadsheets and savings goals, we round things out with some binge-worthy TV and movie picks for when you’re off the clock. It’s part money masterclass, part basement hangout — and all about helping you take real steps toward your version of the American Dream. What You’ll Learn in This Episode Why the “American Dream” isn’t dead — but why it may look different today. The real costs behind homeownership, healthcare, education, and retirement (and how to plan for them). Strategies for budgeting, saving early, and building systems that make your money work harder. How to vet a financial advisor and what red flags to watch out for. Smart ways to guide young adults toward financial independence. The power of compounding interest and how to use it to your advantage. Questions to Consider (and Discuss with Fellow Stackers) What does the “American Dream” mean to you — and has that definition changed over time? Which costs (housing, healthcare, college, etc.) feel most overwhelming right now, and how are you tackling them? What’s one piece of financial advice you’d give to someone just starting their journey? FULL SHOW NOTES: https://stackingbenjamins.com/the-rising-cost-of-the-american-dream-1741 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

1372

1 h 2 min

Stop Making Simple Investing Mistakes With an Investment Policy Statement (SB1738)Ever make a money move in the heat of the moment and wish you could take it back? That’s exactly why a rock-solid Investment Policy Statement (IPS) might be your most underrated financial tool. In this episode, Joe Saul-Sehy, OG, and Neighbor Doug peel back the layers on IPSs—why they matter, how they save you from your own impulses, and the role they play in making sure your investment strategy actually sticks. Think of it as your financial GPS, keeping you on course when market turbulence makes you want to grab the wheel. But it’s not just about avoiding panic-selling. The basement crew digs into the nuts and bolts of what a good IPS should include, from setting specific goals to handling liquidity needs and keeping your risk tolerance aligned with your lifestyle. You’ll also hear how rebalancing, governance, and regular reviews can transform your investments from “hope and pray” into a system you can rely on. Along the way, expect the usual SB tangents: a Joan Jett–themed trivia challenge, a TikTok tale about Apple Pay gone wrong, and more than a few moments where Doug forgets he’s not supposed to run the show. By the end, you’ll not only understand how to create (or update) your IPS, but you’ll also see how it connects directly to building confidence in your financial plan. Whether you’re brand new to investing or a seasoned hand looking to sharpen your strategy, this episode delivers the blueprint. Why an Investment Policy Statement is your best defense against emotional investing How to set clear goals, liquidity rules, and risk guidelines for your portfolio The pitfalls most people overlook when drafting an IPS (and how to avoid them) Smart strategies for rebalancing and reviewing your plan without overcomplicating things A cautionary tale from TikTok that reminds us all to keep our guard up with payment apps Listener Q&A on stock sales and the quirks that come with them Questions You'll Begin to Answer During the Episode: Do you have a written IPS, and if so, does it reflect your actual goals—or just what you thought they were five years ago? What emotional triggers most often tempt you to stray from your financial plan? How often do you review your investments, and is it based on strategy—or headlines? FULL SHOW NOTES: https://stackingbenjamins.com/simple-steps-for-better-money-management-1738 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

1369

59 min

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