Ever wonder what financial mistakes your favorite financial gurus have made? Seven time New York Times bestselling author David Bach joins us (Automatic Millionaire, Smart Women Finish Rich) and shares his financial horror stories about credit cards and early life money problems. Plus, he’ll tell true stories about borrowing money from his children, asking his dad for money help, and more!

In our headlines segment, we discuss the recently deceased lead singer of Linkin Park’s will. What should you include in your will? David Bach will help Joe & OG with the answer. We’ll also tackle a headline about sharing. When is it okay to share your salary with others? Not surprisingly, your age seems to be a factor in your answer to that question.

We’ll of course have more from the world of financial planning, throw out the Haven Life line to a few lucky listeners in our live audience. We answer questions about stock market risk, life insurance, and paying down your mortgage.

Huge thanks to Roofstock (check out their massive real estate database) and MagnifyMoney.com (when you’re comparing financial tools like credit cards and savings accounts) for helping us with today’s show. They’re awesome companies and if you’re not using them, I’m not sure you know what you’re missing!

 

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Show Notes:

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<23:50> Doug’s Trivia

Who shot J.R. in the season finale of the hit show “Dallas”?

<28:43> Haven Life Line

Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.

• Susan wants to know about the different types of life insurance.

<33:55> Letters

Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG

• Karen wants to know about early retirement. Should the focus be on taxable investments or paying down the mortgage?
• Michael wants to know how to prepare for a sequence of returns risk on 100% equities.