Who should you trust? Talking heads on television often have a LOT to say about your money. Yet, one popular television show called out a “guru” live, questioning the validity of their advice. So today we ask our roundtable panel about that particular exchange: where should your filter kick in with online advice. Whether you’re listening to the radio, watching videos, or heck…even listening to us, when should you apply some caution? What are the questions you should be asking yourself about online advice.
We’re excited that Lacey Langford (Military Money Show & the Military Money Conference) joins the crew to tackle this topic today. She definitely brings opinions!
Of course, that’s not all. We’ll also continue our year-long trivia contest. Will Lacey be able to help team “Paulette” get back in the race?
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Our Topic: Comedian Hasan Minaj takes on the financial media
Why You Shouldn’t Take Investment Advice From TV Personalities – After The Cut | The Daily Show (The Daily Show YouTube Channel)
How Dips**t Grifters Are Scamming You – Long Story Short | The Daily Show (The Daily Show YouTube Channel)
During our conversation you’ll hear us mention:
- Milmoneycon (Military Money Conference)
- The Daily Show
- Kevin O’Leary
- The Motely Fool
- Jim Cramer
- Shark Tank
Watch the full episode on our YouTube channel:
A big thanks to our contributors! You can check out more links for our guests below.
Another thanks to Lacey Langford for joining our contributors this week! Learn more about Lacey and her show, Military Money Show, at https://laceylangford.com.
Check out her upcoming conference for financial professionals who serve our military at MilMoneyCon, taking place in Nashville, TN, April 27-29, 2023.
Visit Len Penzo dot Com for the off-beat personal finance blog for responsible people.
Doug’s Game Show Trivia
- How much money (in today’s USD) did Phileas Fogg wager that he’d make it around the world in 80 days in the Jules Vern classic “Around the World in 80 Days?”
Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.
Mentioned in today’s show
Miss our last show? Check it out here: Last Minute Tax Tips That Could Save You Thousands (with CPA Bob Wheeler).
Written by: Kevin Bailey
Hey, this is Joe’s sister, Nikki. I think I might be the only girl in the world who has a brother who spends his entire day in the basement pretending he has an internet radio show.
Live from Joe’s Mob’s basement or someplace. It’s the Stacking Benjamin
I’m Joe’s, mom’s neighbor, Duggan. Get ready to wrap your mind around who you should and shouldn’t be taking advice from. I don’t really need help with this though. I’ve already got a guy for stock tips yet my car guy hasn’t steered me wrong yet, except for those call options on Blockbuster. He told me to go all in on.
Speaking of where to find great advice, our panel today is discussing why you shouldn’t take investment advice from TV personalities. Plus, our regular guy who doesn’t take advice from anyone is Len Penso, and a woman who only takes financial advice from Brad Pitt. It’s Lacy Langford, and our own in-house master of Advice giving is og.
That’s not all. We’ll see which one of these knuckleheads or lacy can win at my trivia. And now a guy who has plenty of personality, it’s Joe Saul-Sehy.
Well, hey, thank you Doug from one Personality Guy to another. Welcome to Friday. I am Joe Saul-Sehy Aboriginal money on Twitter. And we are gonna have some fun today because we are gonna, well, we’re gonna, go after some big time, uh, people that appear on tv, radio, podcast. Uh, so going after him get ready to Yes.
Sweet. Go. Ready to get ready to put the boxing gloves on. Og that voice you heard is the OG sitting across the card table from me. How are you man? I don’t
need backs and gloves. I’m a bare knuckler.
Just who, who wants to cushion the blow? Nobody needs to cushion the blow. Just
bring it or cushion for the blowing
Don’t, not sure. Nope. No, no, no, no, no, no.
and no. Uh, and because we don’t know, because we don’t know where to go with that. Uh, let’s go to, uh, the place deep under Los Angeles where Mr. Len Pezo joins us. Please get us out of this, Len.
I don’t know if I can, cuz OG has got me completely distracted now, and I’ve, I’m, uh, I’m just thinking of, I, I’m just off topic now, so Thanks, og.
Nice. But things are good. You are bundled up. You, you look like it’s, you look like it’s wintertime. It’s wintertime in Los Angeles, which I think of as like 75 and sunny, but apparently, It, it’s gotta be what, negative 20 there, you’re wearing a, you know,
the number in Fahrenheit starts with a five and it’s been stuck on five for quite a long time.
And if you’re a native southern Californian like I am, that’s way, way too cold for even March or April, you know? So, uh, I’m, yes, I’m cold, I admit it. I’m keeping my temperature, my thermostat low, so it’s cold in the house and, and, uh, I’m in the bunker. The bunker, and, um,
almost. So yes, I’m bundled up.
I’m, I’m guilty, and I’m, I’m, gosh, I’m ready for
spring. Oh gee. I’m wondering how Amanda, who listens to us from Antarctica, like how hard is she rolling her eyes right now? Hearing about Len’s 50 degree pain or Tyson. Right. Who’s in the Arctic Circle? It’s
also 50 here and I’m, I’ve got my, I’ve had my hands in my, in my sweatshirt pocket the whole day.
Oh, thank God. You said sweatshirt pocket. Let’s see your hand. Is
that where you’re hand? You know, I was wondering,
call that bare knuckle talk.
And that. And that’s a wrap. Great show everybody tonight.
It’s good to see you, Josh. Okay. It’s og,
whatever. And there we go. It is all downhill from here. And that voice you hear is the newest ex-member of the Stacky Benjamins team writing for us and the host of the Military Money podcast. And how many s do you have?
Lacy Langford, you’ve got like seven s. You also have a conference. What’s going on?
Yes. Mill Money Con’s coming up at the end of April to bring together financial professionals, but all the ands encompass military and money. So to make it
easier, these are all the people that serve our military by being in the financial space.
Yes. Or they’re veterans, they served and they’re helping the veteran population, or maybe not, but they served and they understand that background and. Wanted to get into the financial space as a new career after they left the
military. Oh, excellent. And, and how do people get more information?
Mill money con.com is where you can find all the information about the conference, the schedule, and what you can expect.
And I know we have a lot of, uh, veterans and we also have, uh, quite a few active duty members that listen to the show. So military money show available wherever they’re listening to us now, right?
Yes, definitely. Please, please tell me that your motto is Mill money, mill problems.
No, but clearly I should have consulted you.
Yes, clearly not. No charge for that one. The first one’s a freebie.
Well, today we’re talking about advice and where to get it from. And Lacey, I would not, I would start off by not taking that advice. Uh, we’ve got a great show today. We’ve got Lacey, we’ve got og, we’ve got Le, we’ve got Doug here. So let’s get this party started.
Oh, we can’t start the party. Lacey, we have to tell you the rules of the road. So you got a second.
I do, and I would love to hear them because I wanna make sure you guys aren’t trying to pull one over on
me. No, we wouldn’t do that. Listen to this,
man. We just pulled one over on her. Yes, got her. The hazing started already. Langford has already begun. Good thing. I’m familiar with it.
Yeah. Let’s roll
at first. I usually, during these shows, I tell everybody what piece we’re referring to. Normally on these Friday shows, if you’re new to our community, we talk about a piece that’s popular in the financial media landscape. Maybe a blog post. But today, this was something that a lot of stackers said to me.
They’re like, you guys gotta talk about this, so I’m gonna play it. This is from the Daily Show and this is, uh, Comedian, Hassam Minaj. Talking about, uh, well, where we get our advice from. Let’s listen in.
Reason why I wanted to have this conversation is over the past two and a half years, I don’t know if you felt this during Covid, a lot of us were at home.
A lot of people were going through uncertainty. I had a lot of friends that lost their jobs. And there is this deep angst within a lot of us. I feel it with my friends, my generation. They’re hitting an age where life is starting to choke them out. They’re hurdling through time. People are getting married, people are trying to buy their first home.
People are trying to have a little bit of a nest egg to have some sort of financial cushion to cover school, healthcare, aging parents, et cetera. And the way salaries are now, you have to 10 x your money. And so what happened during this period of time is a lot of the. Financial cable, hot take podcast.
People inadvertently or inadvertently, were giving their takes and people at home were listening to them and go, well, clearly he’s smart, he’s smart, he’s a venture capitalist. Why don’t I take an active position in my betterment and do what he does? The difference is in what I was telling Mr. O’Leary was, you’re at a different tax bracket than them.
You can take the losses and retail can’t, and unless you give up your whole position, like I said, you show me yours, I’ll show you my, this is my net worth. This is what I’m being paid. This is how much I’m investing, this is how much of my personal money I’m investing. We don’t know. And what that does to the millions of people that listen, it creates a lot of risk and damage.
And I feel for those people because they get left holding the bag and they get left behind. So, I hope people remember that the next time they watch any of these shows or these podcasts, they have to keep in mind, Hey, we’ll never know what their position really is, so maybe I need to take what they say with the grain of salt.
Do you understand what I’m
because if it was actually, Hey, put your money in an index fund, 85% index fund, 15% bond, or whatever. The way, what our dads told us as there wouldn’t be any of these shows, there wouldn’t be any of them, squawk Box, cnbc. They
wouldn’t exist. They anyway, he then goes on to talk about the ecosystem and, uh, how their whole ecosystem is based on you taking all this advice.
Let’s start off, before we get to the advice, Lacey, let’s start with you. Are you feeling the same thing that Hassan says he’s feeling this idea. He said life, starting to choke them out. Right? All of a sudden they’re at the age of like, whoa, wait a minute. I gotta get started on this. I gotta find some advice.
I gotta catch up. I gotta, I gotta make something happen in my life. Are you feeling that too?
Well, first of all, I thought it was very suspicious that he mentioned choke out and marriage right there together. Like I feel like he might be projecting some of that, like his marriage is stressful to him.
slip, maybe there’s a little more going on. Wow.
I feel like I’m not off to a good start when his marriage is stressing him out. I swear I wanna come back. I swear I wanna come back. Lynn, please, please
don’t. Don’t drag me into you’re in this mess by yourself. Lacey, don’t. Don’t drag me
What I would really say is I feel like as you get older, yes, life humbles you. Things get more stressful, you’re juggling more a job. Marriage, kids, sometimes plans don’t work out and that can get more stressful when you keep doing the same thing over and over again. You do need help, you’re looking elsewhere because if not, you’re gonna get the same result.
And I think that’s why people follow personalities or are looking online, listening to podcasts, watching shows, because they’re seeking information because they need some type of relief.
Hassan is 37 years old. Len, do you think that it is? Angst now with Covid and people his age, like he said, or when you started, when you, when you turned 37, when you were in your mid thirties, did you all of a sudden go, oh my, you know what I mean?
Like, Hey, this is for real. We’re not playing anymore. Twenties are now gone. It’s time to get the show on the road. Is this an age thing or is this really a covid thing?
You know what, I think it’s just an age thing. I think we all, uh, regardless of whether covid or or not, I, we all kind of have that kind of, there’s a point in our lives where the light bulb kind of goes on.
You kind of think, Hey, it’s, I, this is real, life is real. I, all these things, I’ve gotta be safe looking towards the future and where am I and do a little self assessment. I think it’s just natural. I think it’s human nature. Um, I mean that even happened to me probably in my mid thirties as well. I mean, that’s when you really start saying, gosh, you know, I only have so many years.
And I’ve got these goals and uh, I really gotta
get serious about it. Oh gee. Uh, assuming that you agree, uh, and I saw you nodding your head, so I think you agree, but assuming that you do, do you think that Covid made it worse, all of us being home and then starting to search for answers? Did it make it worse?
I don’t know. I mean, I think the boredom of it probably didn’t help. Certainly all the extra money didn’t help as it relates to like trying to figure out what to do with it all, all the access savings that, that people had access to. But I think that the biggest problem with all of this is thinking that there’s not enough time because you make decisions based on the amount of time that you have left Lenton.
You said, you know, you’d wake up one day and you go like, oh crap, I only have so many more years. Or what, you know, whatever. But we underappreciate the value that compounding. It gives us the outcome and we think like, oh my gosh, I’m 40. I, I can’t tell you how many times I talk to people who say, we feel so far behind.
We’re 42 and we’ve only got A, B, C, D. And that’s just such an interesting phrase and I hear it all the time of, we’ve only got, or we’ve only managed two. You know, like it’s some sort of death sentence or some sort of, you know, malady that needs to be fixed because like, oh my gosh, I’ve only saved, you know, insert dollar amount here.
As opposed to thinking like, holy crap, look at all the money that you have saved. Look at the stuff that you have been able to do. You know, we don’t give ourselves enough grace. I think, especially as we’re growing and looking back over that, that growth time, because yeah, I would’ve done about 150,000 things differently given the opportunity to go backwards in time, you know, being 18 or 20 or something, I would’ve done a whole bunch of different stuff, but, but I can also recognize that.
When I was 30, I wasn’t purposefully in my mind going, yeah, I’m totally gonna screw up my life by doing this. This is exactly, you know, like you make the decisions, the best decisions you can at the time with the information that you have. So I think that we have to recognize that there’s more time there than maybe we’re giving ourselves credit for, so to speak.
Do you feel like Lacey, then these people on tv, radio, podcasts that Hassan is alluding to, he seems to be alluding to the fact that they’re taking advantage of this, right? They’re taking advantage of people that think they’re behind. Would you agree with that assessment that there’s a lot of people on tv, on the radio that are trying to make money off the fact that you feel like you need a shortcut?
I think that
there are people that do that. I mean, and people are trying to make a living, but on the whole, most people are just trying to share knowledge to help improve somebody else’s life. I think, especially like in the personal finance space. We all are united in the fact that we are trying to improve somebody’s life, their quality of life, their financial life, and we all go about it differently.
And I think that applies to people that are online as well. Might not be the way that I would project that information. I might be a little bit more clear, give a little bit more background and, you know, context for the information that I’m giving versus somebody else that is just throwing it out there and not bringing up the specifics of situations and things like that.
So I don’t think that the majority of people do it intentionally. I do think people are trying to make a living, and if they can share their knowledge and, and find a way to make money off of that, then that’s what they’re doing. But I don’t think it’s intentionally at the cost of somebody else’s emotional wellbeing.
Yeah. Um, OG was talking about angst, you know, and, and, and Joe’s bringing that up. I can see why people have angst at maybe 35 or in their early thirties, or even in their mid to late thirties. They have angst. They haven’t saved enough. And the reason is, have you, if you’ve seen some of these websites, some of these large websites that the finance websites, these are commercial websites, and have you ever seen those stories where it says, you know, they’re like letters to the, to the help desk, and it says, Yeah, I’m 30, uh, five years old.
I’ve saved, uh, you know, 1 million and, uh, what do I have to do to continue my retirement? And there’s tons of those stories. It’s like these, you’ve got something. There’s so many people out there with in their early thirties, mid thirties, and supposedly they’ve saved 1 million, 2 million. And I can see how other people look at that and go, gosh, here I am with, uh, I got a hundred thousand dollars saved.
I must be doing something wrong. When I think a lot of those letters are BS to be quite honest with you. I think they’re clickbait and, and I think people take those and they think that those are real people. There might be a few people like that, but there’s hardly. There aren’t a lot of people like that who have saved millions of dollars or millions of a million dollars in their thirties.
It just, this isn’t
reminds me of letters from a magazine I used to read in my youth land.
Yeah, I, I think I had that magazine
too. I never thought this would happen to me, but every word of what you’re about to read is true.
I never believed I could save this much money,
but do you see that though? I mean, if you see that, I mean, I see that all the time on these, on these websites.
It’s like, my goodness, where are these young people saving all this money so fast?
I don’t get it ever. Lynn, every financial blogger will tell you, and you know this cuz you’ve been blogging it, you know, way longer than I have that whenever any blogger discloses how much money they have, supposedly Right.
We, we can’t fact check them. But when they, they put their numbers out there and they’re like, I’ve saved X amount of money this month, this year, whatever. They all will tell you their numbers go through the roof. Because to Doug’s porn illusion earlier that we, that we do,
we do, I am Appall Joseph that you would miss.
It is such an accusation. It
is financial pornography to get that stuff to go, oh, oh, wait a minute. I get to look and see what their numbers are like. That is, that’s a great, that’s amazing.
That’s a great way to put it. Yep.
But yet those CNBC pieces that we see all the time, so-and-so saved X amount. You know, we did one last week, so-and-so, you know, retired at age 44 and they didn’t disclose how much money, but damn they retired at 44.
And you think you’re behind because of that. But do you also, do you agree, Len, stick with you for a second. Do you agree with his take on these quote advice givers that because they’re in a different position, the stakes aren’t the same for. You know
what? I think a lot of them have self-interest. Honest to goodness.
I think a lot of these people, they’re gonna, they’ll recommend things that they’re in and they have been in, and it’ll cause people to jump in too. And then when, by the time, by the time you hear a good tip, it’s too late. It’s too late. And I, and I just think there’s a little self-interest involved with a lot of these people.
They’re, they’re trying to steer you into things that they’re in so they can cash out. That’s how I feel. I don’t ever take these people’s words for granted at all. Oh, ge you
Well, probably that seems to be the case that, uh, there’s, there’s more disclosure rules now, especially like on TV and stuff where these personalities have to mention, you know, whether or not they own the position and stuff.
But it’s more of a parenthetical. At the end of the conversation and, and you know, a, a screen grab type deal, you know, it’s like, and to be fair, uh, Bill’s, furs, uh, these 10 positions that he mentioned, you know, and you don’t know, does he own ’em? Does, is he short ’em, is he, whatever. So yeah, there could be a little self-interest in there, I suppose.
I mean, I, when we were talking about, or when we were thinking about the, um, you know, the finance bros on tv, I was thinking about the TikTok people. Oh yes. Like the insurance, whole life insurance, TikTok people, whatever their little scam is called. Yeah. I said, scam, come at me, bro. Give you a knuckle sandwich.
A bear knuckle sandwich, whether you want it or not. Um, but yeah, I mean, there’s always some sort of, you gotta be careful, I guess. I don’t know. Take it with a grain of salt like Len.
Is it important you think Lacey, for advice givers to be in the same position as their audience? He talks about because they’re in a different position.
If, if, if you’re taking advice from people, do you want them in the same position that you’re in?
Cuz I know what that feels like. You know, if I’m seeking out information, I’m looking for somebody that knows a better way to do it or can give me a better understanding lessons that they’ve learned the hard way.
So I don’t have to do it myself. I don’t think you necessarily have to be in the same position, but that’s just like people talking about money that aren’t in the military. If you’re trying to coach somebody about finances never serve, there are some nuances that you might not understand the struggle that they’ve been through in their lifestyle.
So I could understand wanting to get information from somebody that’s had that experience and kind of in that same boat, but not necessarily at the same place, especially financially.
I wanna go back for a second because I can’t, I can’t stop thinking about OG, about this idea that you said, you know, there’s all these disclosure rules, and yet, man, all the time when you’re online, you see these people flaunt, thoses.
I mean, there’s, there’s a person who’s very popular right now who always says her favorite financial products when she’s on Instagram. And I’ll read all these quote, favorite financial products, no disclosure, and these are all affiliate links. Like every single one of these she’s getting a commission on.
And this idea, OG of disclosure is, is just flaunted. Like there’s no, there’s, I feel like there’s no oversight at all. I don’t know. Lacey, have you seen the same,
yes, I see it online all the time and I’m confused on why they, one wouldn’t say that they received some type of financial gain for that. And why.
They wouldn’t mention that there might be other products. This might not be, these are all the products, this is the one I use. So I feel like there should be some comparison there for people to make their own decision and list out why I like to use these products or what the benefit is. I feel like there should be more information because there are people out there that are impressionable that are just trying to find knowledge and if a person that they’re following resonates with them, they might be inclined to just go with that because they’re at decision fatigue, they don’t know what else to do.
So this is the easiest path, the path of least resistance for them to click on that and just sign up and they didn’t have all the knowledge to make that decision. So I, I don’t think that’s smart of the people that do it.
You know what I think when I’m listening to people and they’re giving advice on maybe something to buy or not, I take ’em a little more seriously when they give both sides of the story.
So they’ll say, well, you should buy this because A, B, C, and D. But it would be very helpful, and I would have a little more faith in their recommendations if they said, but here’s some risks. Here’s some downsides that you should also consider A, B, C. And at least that gives you, puts the power back into your hands, allows you to make a decision and weigh, weigh the pros and cons yourself.
Rather than just getting a list of all pros, which most of these people do. They’ll say, what? You should be buying this because blah, blah, blah. They never talk about, well, maybe what should, what else should you consider on the opposite end? So that’s something I think to look for before you take somebody seriously on, on a recommendation.
Like the downsides of the prescription. Correct. Yeah. You gotta have both sides. Yes. You know, Hassan here thinks that he’s right. Well, I mean, he’s very adamant that he’s right and at the end he talks about. You know, 85% stock, uh, index fund, 15% bonds that he refers to. Like he throws it out there. O gee, like, that’s right.
How’d you feel when he said that? Well, it was, it
was a little ironic that he gave advice when he was arguing about people online giving advice. I thought so too. But that’s a great example of how, how quickly a conversation can turn into, you know, what you want to hear. We’ve done 1300 and some odd podcast episodes.
We tell people all the time, this is, you know, this is just a conversation. This is, this isn’t meant to be particular advice for, for you, but I bet there’s people that have gone, yeah, it’s close enough for me. You know, like, that’s good enough. If it’s good enough for those guys, it’s good enough for me.
Kinda like what you were saying, you know, without any due diligence and, and that sort of thing. I’d like to think that we’re not part of the problem, but rather part of the solution. But, but I do think it’s important to. To think of it that way.
Yeah, I think we definitely have to dig in. And in the second half we’re gonna do exactly that.
Guys, we’re gonna dig into what filters should we apply when we hear this stuff? Are there any takeaways we should take away from some of these shows like Shark Tank and other advice, Jim Kramer, whoever the person might be on tv, where should I get advice from and, uh, exactly how, how do I process all of it?
But before we do that, at the halftime of every show, we have this year long trivia competition between our three contributors, OG, Len and Paulette per Hatch. Lacey, you’re on Team Paulette right now. That means some good news and some bad news. You want the good news first or the bad news? Mm. I’ll start with the bad.
Well, the bad news is, is that, uh, you are tied for last place, which brings up the good news because your team took last place last year. You get to go last. Because you’re tied with Len who finished second last year. You have three. Len has three, and OG has four. So the race, what was the score again?
Three to three to four.
Just checking. Yes.
Oh, you just wanna be, I got it. I got, I’m a little slow on the uptake there. So OGs gonna go first. Let ’em go second. And Lacey, you get to throw the dart last, but first we need something to throw it at. And I believe Doug, you’ve got today’s famous birthday and today’s trivia question.
That’s right, Joe. Hey there, stackers. I’m Joe’s mom’s neighbor, Doug, and today we celebrate the birthday of Jackie Chan. You know, when you think of my old pal, Jackie, you don’t realize we both have a ton in common. First, we both are multidisciplinary professionals. Jackie, you know, he’s got the martial arts thing and he’s an actor.
Me. Well, you know, I’m not only an esteemed podcast announcer. To be clear, I’m esteemed, not the podcast. I’ve also acted, I was in that grossly misunderstood home video Joe’s mom took back in oh six, where I played the part of the guy being kicked out of a Thanksgiving dinner party. I totally, I was acting in that one.
Like, I didn’t know you were supposed to wear a shirt. I should have won an Emmy for my role in that video. Jackie also had a misunderstood role like that Epic remake back in 2004, around the world in 80 days. Ah, Jules Verne. Imagine what he would’ve done if he’d been alive to see karate in the screen version of his film.
As you know, his original had no karate, sadly, but he did include a wager finniest fog wagered that he’d make it around the world in 80 days or less. So let’s make that our question. If this bet which took place in 1873 had happened today, and if the average inflation rate had been 3% per year and it happened in US dollars instead of British pounds, how much money did fog wager?
I’ll be back with the answer right after I go polish up my resume in case another acting gate
comes along. And just to be clear, Doug, as if there’s anything clear about that question. Just, just, just to be clear, Julesburg did not have the first movie. He actually wrote a book and then, uh, there was no karate in the book.
Not in the really Sorry. The spoiler. Oh, I realize you were about to, about to read it by the way. Jules. Vern. Imagine if Jules Vern were, were alive today. Len, you know what Jules Vern would say if he were alive right now, are you gonna go to commercial
right now? If I,
everybody’s so paranoid. Can you ask
him a question and they think you’re
sucking him in?
What would Jules Vert say if he were alive right now
is this time for the magnify money spot?
I asked him a straightforward question.
Joe Joe’s got this great, he’s got this great joke and she’s shut up. She’s totally blown the shut
up. Shut, shut up. I can’t even tell it now. I can’t even tell it. It was going so
I don’t know. Joe, what would Jules Vern say if he were alive today?
Let me outta this coffin.
is so bad, so, so bad.
So what? Too sued la Is it too sued? Still weeping over the, over that one. All I
wonder why Paulette’s off today.
Paulette’s like I’m never coming back. Alright. Oh gee, you’re starting us off. So we had this bet back in 1873 in British pounds if it had been in dollars and the bet were today 3% inflation per year.
How much money, how much was the bet? Do we know that? Yeah. Can’t tell you. That is the key. Oh, that make it too easy. There’s
so many layers to your guesses. I
was like, this is just math.
I didn’t know there was gonna be word problems.
Exactly. I gotcha. So it happened in
- Len says that, by the way, as if he knows how much the bet was.
Do you know how much
the was? No, I don’t. But I know that’s why you didn’t give the dollar amount or the pounds amount, because we could figure it out. Yeah. Yes. Some of us could.
closer. Anyway, we need to see everybody’s hands up so we know there’s no Google
happening. Hundred and 50 years. Nobody’s Googling.
Uh, so it’s 25. 1, 2, 3, 4, 5, 6. Um, so I have to know how much the original bet was and add inflation to it. Is that the question? Yes,
exactly. And then convert from pounds to dollars.
Some of us are just gonna be taking a stab in the
dark. Consider the positions of the galactic. Bodies.
I don’t think that
Doug, I know you guys are doing this because it’s my first time.
We’re just trying to buy OG some
time here. I feel like I should know this. Was, is this common knowledge, like how much the original bet was?
Well, yeah. I don’t know. I read, I read the book in Latin originally, and so they can know you
didn’t. Oh, if it’ll make you feel any better, oji. I have no freaking clue what the award was.
So I, I, I figured out about what the inflation would be, but I have no freaking clue what the bet was, so I’m gonna be winging it.
Okay. We did a review, the latest version of this. It was a PBS special that was really, really good. It was, it was great tv. We did that. Um, during a segment of the show that might or might not appear on some people’s podcast,
I wanna say that the bet was, um, in today’s dollars adjusted for inflation.
And pounds, obviously. Uh, $379,000
three. He sets the bar at $379,000. Mr. Pezo. Well, okay, so
the British pound way back then, that was really worth quite a few more dollars then. Well,
to be fair, Len, to be fair, Lynn, I did the conversion as if the, the, you converted it right now.
Oh, oh. And today. Oh, okay. So at the current exchange rate.
Okay. Yeah, I gotcha.
Yeah, I don’t know what the conversion rate was in 18.
It’s much closer. Yeah. So I’ll be, okay, so, and if I’ve done my inflation correct, I’ve, it’s about six times, six times inflation at 3% to today, whatever that number is. So you want, so you said 370 some thousand og. So something like that.
You’re guessing that they, back then, the bet was, the thing was for six divided by three 70, about $60,000. And I’m giving the answer in today’s money. Yes,
in today’s money. In today’s
money. And hope sometime today also would be nice.
I appreciate the stall, Len.
Um, well, okay. I will say $300,000, 50,000 times six.
$300,000, Lacey, because I can’t say $1.
Jen. You can. It’s closest. Two. It’s just closest Two, it’s not prices right. Style
anymore. Dang it. Okay. I actually think it’s more, I’m just gonna pick a round number because I am completely taking a stab in the dark. I think 400,000.
$400,000. So we got 370 something.
300,000. Yes. I guess that’s wrong.
400,300 and something. 300 something in the winter of 400 and something?
No, I don’t know. I don’t remember the, the last digit was 370. What Doug 379. 3 79 is? Yes. I knew it was 370 something, which is very close. OG It is very, very close. I just didn’t know which one.
300,000, 400,000. We’d love to tell you who wins and we’ll do that in just a minute. This, this, Len is where we put the break. Okay? What? This is where we put the break for the advertisers right here. After I say 3, 2, 1. We do it right here. Let’s find out.
What would the advertiser say? Let me outta my contract.
All right. Uh, og, you started this thing off at $379,000. How you feeling?
Well, based on your, uh, commentary? Uh, not very good.
I just couldn’t remember the third digit. Oh. But if
it was close, you would’ve remembered it.
Okay. Len, 300,000. How you feeling?
I’m feeling excellent actually. Uh, if only because OG is, he’s really pinned in between, uh, me and Lacey.
uh, you feel best about that. That’s how you
like it being
pinned in between me and I bet you do. I’m
the meat to your sandwich.
Somebody is on the losing end of this deal.
your hands up. Pick your hands up. OG rhymes
with space heat. Lacey, you’re at $400,000. Besides this commentary. How you feeling about that?
A little shaky. Little shaky. I’m not gonna lie. Yeah, I don’t wanna let pull that down.
I’d be feeling shaky about this whole. That’s nothing to do with the trivia. Doug, who’s our winner, man? Well,
stackers. I’m Leonardo DiCaprio, lookalike and semi-pro acting coach Joe’s mom’s neighbor, Doug. And today we are celebrating Jackie Chan’s birthday by hearkening back to his misunderstood classic film around the world in 80 days.
Also starring Steve Coogan as Phineas Fog and featuring Pierce Bros. That Man’s handsome and with a cameo by Kathy Bates. I haven’t loved to film that much since Speed Two. Cruise Control. Missed that one too. Well, apology accepted. Let’s get you your trivia answer. How big was PHAs Fog’s bet that he could go around the world in 80 days.
The bet in British pounds was 20,000 pounds, or at an average inflation rate of 3% per year. Today would be the equivalent of about 2 million. Meaning Lacy is our winner. Well,
that is, that is quite
accidentally. Was giving you the wrong sound effect there, Lacy? I don’t think that was wrong at all. That
was a there it’s the crowd goes wild. That one is probably better than this one.
Although that’s what Laci’s thinking for being a part of this.
Wow. That leaves Len all alone in last place.
Len, what was the number? What was the number? 2 million. The
original Today’s dollars. 2 million.
20,000 pounds. 20,000 pounds. 20,000
pounds. So you’re saying that was what? By today’s r. Exchange standard was what, $25,000
exchange. Exchange rate is 1.25 today.
So yeah, one on a quarter.
Yeah, yeah, yeah. So like $25,000.
Yeah. The thing that you and I both screwed up, Lynn, because I just did the, I did the math on it. We both thought six because we go, uh, 3% it doubles every 25 years. Yeah. Right, right. Yep. Exactly. The problem is, is that the doubling also has some inflation.
You know what I mean? Like the compounding nature. Compounding. Yeah, the
compounding on the compounding. Yeah. I just did a calculator here.
It says, uh, and the 25 years is like 2.1. X. So it turns into 85 x.
I bet you guys are so much fun at bar trivia. Like, just really
kidding. If I’d have used a calculator, I’d have been a lot closer.
Least he’s like, listen
to these men who can’t handle defeat. We
both, uh, they’re male
rights will not allow them to be right all the time. I thought
Lacey was just saying these guys would be great at parties. Just crazy. Yeah, when I calculated the interest on the, you need to clear the room. Screen count.
All right. Time for the second half of, uh, our discussion. Second half of this is brought to you by Magnify money. Lacey, you know what happens when you go to stacky Benjamins dot com slash magnify money? No clue. You say, let, let me. No, you don’t. You find out that those brick and mortar banks might not be best in class.
Over 85% of the 92% actually, of all of the internet banks rated head-to-head at magnify money for savings accounts, checking accounts, CD rates, and more. Stacking Benjamins dot com slash magnify money. All right. To kick off the second half of this, I wanna play another piece, uh, from Hassan Minaj and, uh, well, let’s just give this a listen.
Over the past couple
of years I’ve been noticing something. Do you guys feel like scam artists are everywhere? Yes. Right. You obviously heard about ftx, right? The cryptocurrency exchange that lost 8 billion of investor deposits based on the reputation of this electrocuted nine year old.
it was insane.
But you know, what was crazier?
The people who helped him
do it, I’m
excited to be partnering with FTX to help make crypto accessible for everyone. I’m all in.
Are you with
ftx? I have everything I need to buy, sell and trade crypto safer. I’m trading crypto. FTX is the safest and easiest way to buy and sell crypto.
It’s the best way to get in the
game. If there’s ever a place I
could be that I’m not gonna
get in trouble, it’s
gonna be an ftx.
Kevin, Kevin Leary, uh, Steph Curry, Shaq and, uh, Tom Brady there pushing ftx. They talk also then about, uh, the guy that took over FTX afterwards, and he said that the people involved and the people who got scammed were the most unsophisticated investors he’s ever seen.
And that the problem was also very unsophisticated. And by the way, this was the guy who oversaw the Enron, the Enron bankruptcy, saying that this was, uh, this was worse. People really, really got
taken. Is that kinda like, uh, Forbes? 2023 America’s best bank and number one. Number one on uh, the 6th of March.
Silicon Valley Bank.
Silicon Valley Bank, Forbes. This brings us up then Lacey. Obviously, Shaq’s gonna be okay. Tom Brady’s gonna be okay. Somebody would’ve listened to this and said, well, heck, if Shaq’s behind it, Tom Brady’s behind it. One of these guys said, I’m all in. I think Seth Curry said, I’m all in.
Right? Kevin O’Leary says, Hey, you’re gonna be safe. There’s no safer place to be. These people are gonna be fine. The people are talking to, to Hassan’s Point are not. So where do we start with our filter when it comes to some of these online ads we see?
Well, I think
you should do some research. Take some ownership of the decisions you make, not just because Shaq said to do it.
You should do it. You might wanna take that information, do some of your own research and. Really think about where you’re at. If you aren’t saving $50 a month, you might not wanna be going into crypto. Start with the basics. I th I don’t think you should look up to somebody that you loved for basketball and think they’re gonna give me great investing advice.
I would bounce that off of somebody else. Maybe your, you know, financial planner, advisor, or information other places on the internet. I just wouldn’t take it on a spoon just because Shaq said to do it. You know, I would wanna do some of my own research and think things through before I would make that kind of commitment with my money.
Oh gee, a family member when I was in college told me that I should really get an, an IRA with an annuity in it. And so I called up his broker and thank goodness the broker was, was not as interested. Tiny little commission from a college kid as he was giving me advice. But he told me about the basics.
you still have that annuity? I would still have it if that keeps on giving.
But he said, no, you should probably pay off your student loans and uh, get an emergency fund first and then call me back. He said, and then we’ll talk about what the right thing is. He said. So I agree with Lacy, but then back then I didn’t know where to look.
I had no idea where to look. You know, the next place I looked, the Motley Fool was one of the first places I looked where they’re telling me about which individual stocks to buy. I also didn’t, you know, not ripping the Motley Fool just saying, I probably don’t wanna begin with the individual stocks. So where does my research begin?
Picking up where Lacy left off. When
it comes to thinking about your investing, it’s really important to recognize that, kinda like what we were talking about earlier, if there’s any sort of something in it for somebody else that doesn’t make it necessarily bad, it just makes you have to be aware of it.
If the only thing that you have available to you is one particular tool, if you’re reading a stock newsletter that you have to pay money to get, what do you think that they’re trying to sell? They’re not gonna try to sell something different. If you’re talking to an insurance person who sells annuities and whole life insurance, they’re not gonna tell you to do something different cuz their interests are not aligned with with yours.
You know, when it comes to gathering your information, Lacey said, to kind of take some responsibility about, you know, where you’re getting your info. I think that’s important to just, just go, well, what’s in it for them? Like that doesn’t mean it’s bad. You know, a lot of times we talk about the different ways that planners or advisor.
You know, are paid and should you pay a percentage or should you pay a flat fee, or should you pay, uh, monthly? You know, should it be commission or all commission people are evil or you know, whatever. There’s no wrong way to do it. There’s a great reason to pay commissions. If you plan on never changing your investments ever again, you should pay commission one time.
That’s the least expensive option. Why would you not choose that? Well, because then you have to pay again later if you decide to change your mind. We, we buy cars and we don’t argue with the fact that the person gets a commission to sell us a car, right? That’s just kind of part of the deal. Real estate is probably the most egregious component of this at their, you know, five or 6% commission rate, and we all just are okay with it.
There’s other competing companies that are trying to solve that, but the compensation model doesn’t necessarily make or break the advice component of it. What I think makes or breaks the advice component is, What’s their angle? And if all they have is this one particular tool, then it may be the right thing, or it may not be The FTX thing is just comical.
Oh my, that’s so bad. Just, you know, hearing those guys, I’m all
li I mean, did you not see it though? In all honesty, when the vast majority of Super Bowl adds two years ago, when Matt Damon has the big adds, the big 10 million ad, and I don’t think it was for ftx, but maybe it was Future Favors the Bold.
Yeah. You know, and it’s the whole story about like, we wouldn’t have America if Columbus wouldn’t have gone across the ocean and burned the boats and you know, I mean, he didn’t do that. That was a different story. But, you know, I’m mixing, I’m mixing stories, but you know what I mean?
Like No, just the indigenous people were here.
If you couldn’t, if you couldn’t see. The writing on the wall of this is peak crazy right now. Where they, where, you know, it’s like, I, I don’t, I, I don’t know what to tell you.
Yeah. Well, let, let’s get away from the commercials, Len, and talk about some of the shows out there. I mean, Kramer, who I do have a lot of respect for, but Kramer was talking about what a great bank Silicon Valley Bank was just before it was taken over by F D I C.
Much like OG said, you know, fortune had it as a top bank, uh, shark Tank, right? You see these sharks going after each other. Should we watch these shows? Should we have any takeaway from these shows like Kramer or Shark Tank or some of the others? Property brothers. I
mean, it’s information. I, you can take the information and you can do with it what you wish.
I wouldn’t take it at face value. And real quick, I wanna go back though to the ftx. You, you know, the one actor who came out smelling like a rose in that ftx, uh, was Larry David because it was his commercial where he was saying, nah, you don’t wanna do that. Don’t, I dunno if you saw that, did you see it?
It’s like he, he turned down every great idea ever invented, you know, and so when they came to him with ftx, he said, nah, that’s not a good, that’s not a good idea either. And he still got paid and he came out smelling like a rose. But, um, what I’d like to talk about basically is how do you choose, how do you know where to start instead of taking advice from just somebody at face value?
I think the, the easies. Way to start is you start up at a really high level, at the a hundred thousand foot and you, and you take baby steps and you work your way down. As you get smarter, you are digesting information. So at the very top, top level, at a hundred thousand feet, the first thing you wanna figure out is, and you can do this on your own, is how much risk do you wanna take?
You set up your, how you’re gonna diversify your portfolio that way. How much it’s gonna go into bonds, how much do you wanna put into stocks? How much do you wanna put into some risky speculative investments? Stuff like that. Then you wanna go down to the next level, um, like say the 50,000 foot view. Okay, which stock indices do you want to start focusing on?
Maybe you just, uh, take a look at those. Do you wanna look at the Dow with the industrials? Do you wanna look at small, small companies like the Russell, uh, 2000? Do you wanna look at tech like nasdaq? Start there and then you wanna look. Sectors. Okay, before, this is before you’re even looking at individual stocks.
Now you wanna learn about sectors, go into the various sectors that are out there. You wanna look into healthcare sector, the energy sector, uh, the mining sector, and read up on that stuff and just say, Hey, you know, the mining sector looks good, or the energy sector looks good, or what have you. Just start educating yourself there.
Then once you’ve gotten to that, then you can start making informed decisions, looking at companies and deciding, yeah, that company looks good in this sector versus others that don’t. But start high and educate yourself gradually down. In the meantime, you can fill those holes at the higher levels with like stock indices as opposed to just buying individual stocks.
That’s how I did
it, and that’s the miracle of, uh, JD Collins’ book, by the way. That is, that is the miracle. You can buy one index len and not have to worry about any of that, right? I mean, it’s not the most efficient way to get there, but you could just stay at the a hundred thousand foot level and you’re gonna, you’re gonna be okay.
Correct. Yeah. Doug, you, you were making a hand motion. Yeah. I mean, if
there was ever a time for Len to drop the mic, it was right there. I mean, that was, that was like a whole treaties you just put together, Len. That was amazing. My jaw was on the desk. That’s when you just go boom, and you just sign off right there.
We never hear from Len again. He just rides off into the sunset
and there goes Len. Yeah,
I was just, I was just trying to prompt him to drop the mic.
Doug, you know, I love you. You don’t have to do that. I love you anyways, man. You’re my bro.
to blow sunshine up your skirt
you know? I love you, Lacey.
Please save us. How do I start with, uh, getting my advice?
I would look at it too as inspiration, not advice. If you’re hearing all these people talk about things, start with inspiration. Like, what did I find interesting about that, that I could research further? And then I think understanding who you are and being confident in that to say, Hey, I’m not Beyonce.
I’m not jumping on stage tonight and, and killing it. I might wanna start at like local theater, you know? So if you don’t have a basic understanding of investing, you might wanna start with your HR department and understanding your 401k. That might be a great place to get information. Or if you are spending more than you make, it might be a great place to start with, let me build up my savings.
So I think really doing some self-reflection first is important, and then that helps you make better decisions. That I’m not just going to put 10 grand on the blackjack table because I don’t understand the game. I might wanna start with $10 and take a tutorial.
Oh, G, all I could think about was blackjack.
And that sounds like a. A fun way to spend an afternoon Sure. Does. Maybe not 10 grand. That might be a little outta control, but, uh,
I wanna go if you’ve got 10
grand Yeah. Take me to the $2 table. Yeah,
that’s exactly right. Yeah. Wait a minute. So, so dealer, do I split the sevens? That’s the kind of advice he’s looking for.
Yes, you should. But tens, you know, split the queens.
Yeah. Yeah. Where do I start off? But with my advice filter?
Well, I, I can’t say anything better than what Lacey said, which is find the people that you like, do some research on where you are and think about it as like a starting. It doesn’t have to be the thing that is the only solution, right?
Just cuz Joe says to do it or OG says to do it, or whatever the case may be. That doesn’t mean that that’s the thing that’s particularly specific for you, but I can point you in the right direction and kind of lead you down the path of, of discovering what is most important for you. That’s probably the best way to, to handle kind of all of the, you know, thousands of places.
You get information. I mean, it’s no different than what we already do. We don’t immediately jump on the, the, uh, what’s the new, uh, diet, weight loss pill? That’s, that’s all the rage. Xanax? No, it’s GLP one s or something like that. You know, it’s basically some off-brand or some off example labeled purpose.
Yeah. Yeah. It’s like a, um, but it’s a classic pill anyways. It’s meant to treat some disease, but they found that people are losing a whole bunch of weight, so they’re like, sweet, I’ll just take that and like, that’s easy. But now what’s coming out? Well, it’s not necessarily the best way to lose weight. You know, magically taking a pill is probably not the way to do it.
And I think most people would recognize that. But it starts the conversation, okay, directionally, what do I have to do to improve my health? And maybe one of those solutions is, is medication. That’s perfectly fine. But you do it in the context of, you know, well-rounded health plan. Not just grab like, like Doug always does, just pop a couple of little blue ones and it’ll be fine.
so many problems. Oh wait, the
blue ones then four hours later is hit the emergency room.
Hey, Doug, again, good to see you.
I’ve got an account there.
Get his bed ready.
Right? I’m not as, hit me with
that needle. I’m not as, I’m not as happy. Happy. Not as happy to see you as you think I am.
This, this whole show, just man, I think that’s a good place to leave it. Unless, do you guys have any more advice around, around this or can we call it a day? I think we’re, I think we’re probably do
your due diligence. Yes. Unlike what Doug does.
I think that’s a great place to leave it. Let’s find out what’s going on.
Where all you guys are og anything planned for this beautiful weekend we have in Texas?
Well, it’s, uh, it’s Easter weekend here, which is nice. I, uh, I’m out of town, so Mrs. OG is not exactly happy that I’m, that I’m not hanging with the family this, uh, this, this Easter weekend. But I’m gonna race home on Sunday morning
just so you can find all the eggs before those damn kids do.
Yeah. Well we do have the gold eggs. I
know. They always take all the Easter bunny stuff
with the Yep. Silly, silly children.
Yeah. Mr. Pezo, what’s going firstname.lastname@example.org. Uh,
you know what, I, um, my porch light went out recently and, uh, I had to the euphemism. Yeah.
That, well, well,
let me Thank you.
Thank you all. You give the, you give the light, the blue pill.
Did you give the light to blue pill? I’ve called the
The light went out and I had to go get a replacement. And the decision was, well, geez, do I, uh, get an another incandescent bulb or do I get a one of those, uh, CFL bulbs, those, you know, energy saving CFL bulbs, which are more expensive, by the way, than the incandescent, you know, like three times more.
And so, uh, what I did is I went and I actually ran the numbers, uh, and show you how to figure out whether the C F L bulbs are really worth the extra money, or is it better just to buy the incandescent bulbs? So, uh, I know that sounds really exciting to everybody out there, but that’s, that’s what I did.
And if you’re interested in. How the, uh, numbers came out. Come on by lynn penso.com. I’d love to see ya.
Are the CFL bulbs, the ones they light up the stadiums with up there in Canada? Is that why they call ’em CFL bulbs? No. Canadian Football League? No. Yeah, that’s what I thought. No, no. It’s a whole different thing, right?
Just, just no idea. Lacy Langford, not only are you helping us by writing shows, you’ve got a ton of stuff. And by the way, thank you so much for joining our team. I’m so excited that you’re here with us, even though you have to work with these people, I feel, I feel I feel bad for you, but you’ve got so much stuff that doing, you’re helping our military members, which is one of a million reasons why, uh, I love partnering with you, but, uh, what’s, so what’s going on at the Military Money Show?
Well, nothing quite as fascinating as Len has going on with the light bulbs. But
Lacey, for a minute there. I thought you were helping me, but now I’m not so sure looking at your face right
No, I’m sorry. To be honest, my brain is so into mill money con, which shameless plug OG will be speaking
Alright, when do I have to be there again?
Oh boy. Please be there.
Just kidding. I got it in my calendar and everything. Invite must be lost in
the mail. I’m gonna be, yes. Put you on public blast if you don’t show up. Um, no. Super happy you’re coming. But this weekend I am trying to turn everything off and spend time with family to have a very competitive egg hunt.
So that is a big family project to work on that We have a lot of boys, so it’s gonna be probably full contact Easter egg hunt. There’s money involved.
All the eggs, Easter
when, when there’s a lot of money on the
line. Why is our eight year old in a Gilly suit?
That’s actually a great pro tip. I’m gonna run that by my kids. I, they need to outshine my nieces and nephews. So Gilly suit might be, might be a really great idea. So that’s what I have going on. Family time and prepping for Mill Money Con should be coming up in a couple
Awesome. And, uh, not nearly, by the way, as much of a contact sport is at Lens House where they’re, they’re hunting CFL bulbs. That’s what they do at the Penzone household. Put a few of those out. Lacey, give us the, give us the URL again if people want more.
Awesome. And the military money show.
Who’s coming up on the military money show? George Campbell
is coming up on the show to talk about baby steps for getting out of debt for the military community.
Awesome. Fantastic. Yeah. If you’re a member of the military community and you’re not listening to Lacy show, what are you waiting for? She’s hilarious.
She’s great. Guest on the shows are a good time. You’ll find out wherever you’re listening to us now. All right. I think that does it. Doug Mann, you got us from here. What should we have learned today? Well,
Joe, first take some advice from our panel and don’t take financial advice from just anyone. Anybody else hear the irony in that last sentence?
Consider the source and how they make money before just jumping on their recommendation. Second, take some advice from the man in the bunker. Start by figuring out how much risk you’re willing to take and build your strategy accordingly. But the big lesson, don’t take advice from your car guy about blue chip companies like Blockbuster.
I mean a company built on art house video recommendations by the EMO guy behind the register and overpriced point of sale. Jui fruits will never fail.
Thanks to Lacy Langford for joining us today. You can find her show The Military Money Show wherever you are listening to us right now. We’ll also include links in our show notes at Stacking Benjamins dot com. Thanks to Len Pezo for joining us today. You can find email@example.com slash Doug’s biggest fan.
Thanks also to OG for joining us today. Looking for good financial planning. Help head to Stacking Benjamins dot com slash OG for his calendar. This show is the Property of SB Podcast’s llc, copyright 2023, and is created by Joe Saul-Sehy. Our producer is Karen Repine. This show was written by Laci Langford, who’s also the host of the Military Money Show.
With help from me, Joe, and Doc G from the Earn and Invest podcast, Kevin Bailey helps us take a deeper dive into all the topics covered on each episode in our newsletter called the 2 0 1. You’ll find the four 11 on All Things Money at the 2 0 1. Just visit Stacking Benjamins dot com slash 2 0 1. Tina Eichenberg makes the video version of this show.
Once we bottle up all this goodness, we ship it to our engineer, the amazing Steve Stewart. Steve helps the rest of our team sound nearly as good as I do right now. Why don’t chat with friends about the show later? Mom’s friend Gertrude and Kate Youngin are our social media coordinators, and Gertrude is the room mother in our Facebook group called The Basement.
So say hello. When you see us posting online to join all the basement fun with other stackers, type Stacking Benjamins dot com slash basement. Not only should you not take advice from these nerds, don’t take advice from people you don’t know this. Show us for entertainment purposes only Before making any financial decisions, speak with a real financial advisor.
I’m Joe’s mom’s neighbor, Doug, and we’ll see you next time back here at the Stacking Benjamins Show.
Awesome. And the military money show who’s coming up on the military Money show. I don’t even to know. I have no idea. All right. All right. Let’s do this. 3, 2, 1. Steve knows it. I know. 3, 2, 1. Steve, what’s Lacy guy coming up? No, we, we should do that. If Steve busted.
Hold on. One, two seconds ago, I could tell you my brain is totally fried from riding this morning and it will just be two seconds.
Standby. I had to stand by while you guys did all that math. Oh. Oh, I
knew. Okay. She did no math and one.