What if life weren’t so complicated? What if you could stop worrying about lower expense ratios, cheaper insurances, bigger spreadsheets, or trying to perfectly plan out your retirement account so things are perfect decades down the road? On today’s show, the guy who is better at taking financial decisions and distilling them to their essence joins us. Today we welcome New York Times columnist Carl Richards, an expert in distilling complicated issues into bite-sized pieces.
Plus, in our headlines segment, we’ll cover one piece about Suze Orman and her love of cannabis stocks and blockchain. Copying celebrity stock picks aren’t always a good idea, and we’ll discuss why. In our second headline, we’ll turn our attention to one problem in the investing and savings world: women whose spouses are in control of the finances. A recent study shows that lots of women delegate investing to their spouse. We’ll discuss why this might not be a good idea.
Later on, after we take a break for some of Doug’s trivia, we’ll take a Haven Life Line from Tyson, whose current 401k with his employer has fees higher than he would like. What can he do to save on fees?
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Show Notes:
Skillshare
Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB.
<2:52> Headlines
- Suze Orman is a stock picker — and this is her biggest trading regret (MarketWatch)
- Women whose spouses control the finances may be putting themselves, their families at risk (InvestmentNews)
<17:22> Carl Richards
You can find more of Carl’s work at: BehaviorGap.com
<41:21> Doug’s Trivia
- What is the name of the inventor behind modern air conditioning?
<46:55> Haven Life Line
- Tyson current 401k with his employer has fees higher than he would like. What can he do to save on fees?
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