Would you cut birthday parties, holiday get-togethers, attending work events, or giving gifts? How much would you cut to live a financially lean “simple life”? One Reddit user has taken these steps (and more!) in an attempt to stay on course. After our special surprise celebrity reader delivers today’s piece, we’ll ask our roundtable for their thoughts. Has lean living gone too far? Is financial independence worth these sacrifices? Today we are joined by Olympic gold-medalist turned financial planner, Lauryn Williams; comedian and host of the Crazy Money podcast, Paul Ollinger; and the guy you know and love – Len Penzo of the LenPenzo.com blog.
Halfway through the show we’ll take a break from our discussion while Joe rings up Zach Pettet. The last time we talked to Zach was when he was on stage on behalf of Fountain City Fintech during our Stacking Benjamins Live Tour. Today, Zach has his own podcast examining the world of fintech: For Fintech’s Sake. During the segment, we’ll poke Zach’s brain to find out where the world of fintech is at now, AND ask what’s in store for the future of fintech.
During our MagnifyMoney call, we’ll give some advice to an anonymous caller who is interested in investing. While she does’t have enough extra cash to buy whole stocks, she could buy fractional shares. Because E-Trade doesn’t offer fractional shares, our caller would have to open an account with another firm. Any advice? What good brokerage firms offer fractional shares? Is this even a good idea at all?
Plus during Doug’s trivia gameshow, we’ll celebrate the U.S. Air Force’s 73rd birthday. Enjoy!
When Does Simple Living Go To Far?
In today’s piece, one Reddit user describes the steps their family takes to maintain a simple-living life. Have they gone too far? Our roundtable has some strong thoughts on this one!
- What do you say “no” to? (Reddit)
A big thanks to Lauryn for spending some time with the roundtable today. You can find more from Lauryn, including her podcast, at her site: Worth-Winning.com
Another big thanks to to Paul for coming back around to the basement. You can find more from Paul, including his Crazy Money podcast, at his site: PaulOllinger.com
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
For Fintech’s Sake: A New Podcast From Zach Pettet
The last time you heard Zach on the show it was on behalf of Fountain City fintech during our Stacking Benjamins road tour. (You can listen to that action packed show HERE!)
Zach is still keeping up with the latest and greatest on his new podcast: For Fintech’s Sake, and during our segment we’ll discuss the past and present of the fintech world, PLUS what fintech holds for the future.
Here are the companies we talked about:
- Happy Birthday to the U.S. Air Force! Here’s Doug’s holiday-themed trivia: How many active aircraft does the Air Force currently operate?
- During our Magnify Money call, we’ll give some advice to an anonymous caller who is interesting in investing. While she doesn’t have enough extra cash to buy whole stocks, she could buy fractional shares. Because E-Trade doesn’t offer fractional shares, our caller would have to open an account with another firm. Any advice? What good brokerage firms offer fractional shares?
Our big takeaway here?
- Single stocks aren’t recommended. Low-cost ETFs, and other diversified options are the way to go here.
Still here? Those of you who liked our dessert segment should listen in to this classic SB episode: Better–and Funnier–Flights (with Betty Thesky)
Join us Monday!
We’ll be joined by Josh Kaufman, author of The Personal MBA: Master the Art of Business. Do you have ideas on how you could be making youself more cash, but don’t know where to start? Josh will join us to explain on how you can replicate the principles behind every successful business, without spending the huge stacks of Benjamins on a degree.