Dec. 29, 2021

Stacking Benjamins and Modern Money Management


#35: Former financial advisor turned podcast host Joe Saul-Sehy joins Chris to discuss modern money management. They talk about why you should abandon trendy investment opportunities and what you should replace them with, why your wealth can grow faster if you don’t diversify your investments, and how emergency funds can save you money. They also share plenty of tax and investing hacks. 

Joe Saul-Sehy (@averagejoemoney) is the creator and host of the award-winning podcast Stacking Benjamins and a co-host of the Money with Friends podcast. He is the co-author of the newly published book Stacked: Your Super-Serious Guide to Modern Money Management.  Joe’s career in media started when he was The Money Man on Detroit’s local TV station WXYZ. Previously, he was a financial planner and Certified Financial Planner™ for over 15 years.  

 

Selected Links From The Episode

Connect with Joe Saul-Sehy: Website | Twitter | LinkedIn

Joe’s Podcasts: Stacking Benjamins | Money with Friends

Joe’s Book: Stacked: Your Super-Serious Guide to Modern Money Management

Other Books Mentioned:

Investopedia: Modern Portfolio Theory | Efficient Frontier

Maximizing Deductible Interest Expense Articles: SVB | Andersen

 

Full Show Notes

Who is Joe Saul-Sehy? [00:12]

Why he decided to write a book (and how it all started with The Hardy Boys’ Detective Handbook). [02:14]

Why you should narrow investment opportunities to make sound financial decisions. [09:21]

Where you can find investment opportunities aligned with your goals (stock market alternatives). [14:26]

2 Red flags to look out for when evaluating investment opportunities.[19:24]

The upsides to making boring investments like farmland. [21:24]

Why you get wealthier faster if you DON’T diversify. [24:37]

Should you hire a financial advisor (the stories of Walt Disney and Mary Barra). [29:54]

Questions to ask before hiring an advisor. [34:21]

What most people don’t optimize enough. [35:42]

How an emergency fund can SAVE you money. [36:37]

Do you need disability insurance? [42:55]

Joe’s experience filing a homeowner’s claim after a robbery. [46:07]

What you need to know about taxes as a new investor (and how you can qualify for preferential tax treatment). [50:20]

How to financially support your aging parents. [55:02]

Should you use leverage? [59:23]

How to connect with Joe Saul-Sehy. [1:07:59]

 

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