It’s easy to find financial advice on the internet. But finding GOOD financial advice? You’ll find that’s a bit more difficult. With so many money “gurus” pushing their sage wisdom, how do you sort through all the noise and find the truth? We’ll discuss where the “truth” lies today, with some help from our contributors: Chelsea Brannon from Smart Money Mamas, Len Penzo from LenPenzo.com, and OG from this podcast. Today we’re tackling money, (bad) advice, and lies!
Halfway through the show we’ll take a break to talk to Eric Redline, creator of kid-focused money management app, NuMoola. Next we’ll answer a Magnify Money call from Scott, who wants to buy a home sooner rather than later. The catch? He doesn’t have 20% to put down as a downpayment. Should he charge forward anyway?
And don’t you worry, we’ll save some time for Doug’s trivia.
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Thanks to Grammarly for supporting Stacking Benjamins. Get 20% off a Grammarly premium account, go to Grammarly.com/sb.
Audible: Power Moves by Adam Grant
Thanks to Audible for supporting Stacking Benjamins. Get Power Moves by Adam Grant for free when you sign up for a free Audible trial at Audible.com/sbpower or text sbpower to 500 500.
Check out Power Moves by Adam Grant
- 4 Lies Money Gurus Tell You (Christine Luken)
<> Our Contributors
You can find more from Chelsea at her site: Smart Money Mamas
Drop a line to Chelsea on Twitter: @SmartMoneyMamas
Say hello to Len Penzo on Twitter: @LenPenzo
Do you need some more financial help from OG outside of the show? Follow our link, StackingBenjamins.com/OG to get some one-on-one help from the man himself.
<> Doug’s Trivia
- What year did the five and dime store Woolworth first open?
Looking to download NuMoola? You can find it on the App Store and Google Play through Eric’s site: NuMoola.com
<> Magnify Money Line
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save. Use StackingBenjamins.com/MagnifyMoney to see how much you could be saving.
- Scott would like to purchase a home sooner rather than later, but it’ll take him a couple years to save up a 20% downpayment. Should he wait on the purchase, or sign the dotted line?