Happy Father’s Day weekend, and thanks for joining us! In honor of Father’s Day, our all-dad roundtable tackles the topic of what are some important life lessons that they learned from their dads about money, work, and life. We’re happy to have Brad Barrett from the ChooseFI podcast join the other two dads who frequent our Friday roundtables – Len Penzo of the award-winning blog, Len Penzo dot Com, and our very own OG. These three dads will share their fatherly wisdom with us.
Plus, we top it all off with some dad-approved trivia about a shoe brand that’s popular with many dads.
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
Our Topic: What are some of the lessons you learned from your dad about money, work, and life?
During our conversation you’ll hear us mention:
- Early retirement
- Work for results
- There are always opportunities to make more money
- The importance of talking about money with your kids
- Normalizing money conversations with your kids
- Importance of learning money-saving habits (i.e. eating at home vs. going out to eat all the time)
- Owning assets vs. saving money
- Financial buckets for kids’ money – Saving, spending, and giving
- Importance of letting kids make money mistakes – and circle back later to make the most of a teaching moment
- Involving kids in the family budget meeting
Watch the full episode on our YouTube channel
Our Contributors
A big thanks to our contributors! You can check out more links for our guests below.
Brad Barrett
Another thanks to Brad Barrett for joining our contributors this week! Hear more from Brad on his show, ChooseFI Podcast at ChooseFI.
Check out his book Choose FI: Your Blueprint to Financial Independence.
Len Penzo
Visit Len Penzo dot Com for the off-beat personal finance blog for responsible people.
OG
For more on OG and his firm’s page, click here.
Doug’s Game Show Trivia
- How much revenue is New Balance anticipated to earn in 2023?
DepositAccounts
Thanks to DepositAccounts.com for sponsoring Stacking Benjamins. DepositsAccounts.com is the #1 place to go when you’re looking to see if your rate is the BEST rate on savings, CDs, money markets, and even checking accounts! Check out ALL of the rates ranked from best to worst (and see the national averages) at DepositAccounts.com.
Miss our last show? Check it out here: Money Magnet Manifesto: Our Top 5 Money Mindset Tweaks to Build Wealth.
Written by: Kevin Bailey
My father would womanize, he would drink, he would make outrageous claims like he invented the question mark.
Sometimes he would accuse chestnuts of being lazy, the sort of general malaise that only the genius possess and the insane lament.
Live from Joe’s mom’s basement. It’s the Stacking Benjamin Show.
I’m Joe’s mom’s neighbor. Duggan, we’re getting ready for Father’s Day. So brace yourself for a talking to you. Think financial podcasts grow on trees. Well put your earbuds in cause we are not broadcasting this for the whole neighborhood, dammit. Because today we’re going to be preaching the best dad advice we’ve been given and the advice we give to our kids here for the dad deep dive is a man who’s showing his independence.
Say hello to the guy who chose FI and who also happens to be a dad. Brad Barrett Plus we’re welcoming a famous dad whose contribution to mankind has saved all dads from reading the boring stuff. It’s the guy who invented the mouse. Nah, he’s still busy scrolling. So we got his dad, Len Penso. And last but not least, the guy rocking fatherhood in style.
Yeah. Okay. That’s a stretch. Oh gee. But that’s not all. Halfway through the show I’ll share my dorky trivia question and now a guy who knows how to dad joke with the best of ’em. It’s Joe All Sea. Hi. A little extra mph in your name
there Joe. Geez.
Yeah, I kinda like, wow. I dunno
what came over me with that introduction.
Hello everybody. Welcome and happy Friday to you. I am Joe’s C average Joe Money on Twitter. And what an episode. Normally we have a bunch of diverse voices in today. We’re diverse in one way. We all have different dads, well allegedly
have a different, have different dads. What I don’t allegedly is there don’t
controversy.
I don’t even know where this opens going, but it’s Father’s Day. So we have a bunch of fathers here. Let’s start off with the gentleman across the card table from me. Mr. OG is here. How are you, my friend? Happy Father’s Day weekend. Okay.
To you too, brother. I’m Fantastico. Uh, I was thinking about Father’s Day plans and I was thinking that all the commercials are like, go play golf with Dad and stuff like that.
And it’s like, so on Father’s Day, I have to hang out with my kids.
What do you want for Father’s Day? I want you to go for a little walk for
like silence. I would like two cigars, a bottle of bourbon and silence.
Let’s give our listeners a little bit of, uh, context where people new to the show. Og how old are your kids?
Uh,
16 and 14 almost. And seven.
Awesome. And let’s, before we have our special guest come to the mic. Let’s go deep under Los Angeles. Where in his bunker? Mr. Lynn Pezo is here. Happy Father’s Day to you, man.
Thank you. And same to you. Uh, I wanna apologize to og. I know I was late and I know you’re kind of pinched for time today, but you know, there was a disaster right off the coast of the Channel Islands here, and I was watching the news, so I got caught up with it.
Apparently a red ship and a blue ship collided and all the sailors were marooned.
Oh man.
Just, that’s a dad joke. Oh, is that, is that what that was? Thanks for
sharing. Oh, that’s good. That’s a dad joke. Wow.
No idea. That was a dad joke. Wow. And here wondering, just thought it was real. Oh, I’m sorry. Wondering.
Oh, uh, Len, before we go to our special guest, uh, your kids want another joke? No, please God. No. Uh, did I say that too quickly? Uh, how old are your kids, Lynn?
They are 26 and 20. Uh, this what happens? Your kids get
older, I dunno, 23 or
24? 23. 23.
I won’t even ask him what their names are. Doug. They’ll, you know, I
wasn’t sure if, uh, Nina was 23 or 24.
She’s 23. Oh. Just to prove, he flexes and says Nina, just to make sure everybody knows that he knows. And the guy wondering what the hell he is doing here. And a guy who, by the way, we had his former co-host on a couple times, but we have never had the Brad Barrett here from cfi. It is about damn time,
Brad.
Yeah, man, I’m excited to be here. It’s been a long time coming. I can’t believe it’s my first time on the show and yeah, I don’t know exactly what I’ve walked into here, but it should be. How’s it feel that we had
your former co-host on before you? Does that hurt at all? Is your little sting there?
Yeah, no, I get it.
I get it. Jonathan’s a little funnier than me, so I think it, uh, he, he’s the more, uh, appropriate person, so it’s all good.
Well, we got the guy who treats podcasting like a marathon here, not a sprint. Brad, we got the guy with longevity here finally. Yes. Happy Father’s Day to you, by the way. How old are your kids, Brad?
I have two daughters. My older one is 15 and my younger one is 11. And it’s funny cuz we’re talking about, uh, meeting, uh, maybe the perfect Father’s Day as time away. So on Mother’s Day, my wife wanted a date to herself, so I took my kids to King’s Dominion, the amusement park show. Nice job. I know we’re massive, uh, amusement park fans, and I think on Father’s Day, I’m also taking my kids to Kings May, jumping on grenade.
I didn’t exactly luck out, but it’s
all good. There might be a theme there, Brad. They’re, they’re very well. Might be. Yeah. Well, and I, and I’m wondering, you have teenagers, oh, ge you have teenagers. Do you guys know anything anymore or do your teenagers know everything? My
older daughter is still in the frame where she still likes me, wants to hang out with me, which is amazing.
Wow. I don’t know what I did. Yeah. To get that lucky. But, uh, also, so she’s a massive rollercoaster enthusiast, so I think she just uses me as like a, she’s gonna talk to somebody about rollercoaster, so you know, if I’m the default person. So per plus one. Yeah, I’ll take it. I’ll take it. Oh gee,
your kids.
Yeah. Yeah. I mean, uh, some things, some things, some things I’m still smarter on, but not, uh, not many.
Well, we’re gonna talk about things that we learned from our dads today, and then in the second half of the show we’ll talk about things that we focus on as dads, with a big interest in financial literacy and in financial independence, and teaching our kids about money and life will share those stories about how we’re helping our kids.
But before all that, Brad, you know, I don’t know if we went over the rules of the show, but maybe, maybe if you sit down, we can talk about them now. Is that all right? All right, let’s,
uh, let’s hear it. Take notes. Wow. These are some great rules. You got any more, Joe?
Sure. Weren’t those
great, Brad? Oh, amazing.
Wow. That’s a laundry list.
Brad Barrett from Choose F is here. Lynn OG Doug me All Dad’s weekend on Father’s Day. So let’s go.
Well, normally at this point in the show we talk about, uh, some financial blog, financial piece that we’re talking about, but you know what? We got a lot of experts here in the dad category today, and you know, you guys may have learned something about money from your dad’s. You might have learned something about the value of work and making money from your dad’s.
Brad, let’s start with you. What’s an important life lesson that you learned from Dad about money, work and life? Yeah.
In reflecting on this, I realized that my dad was the very first person I ever met who retired early. Oh. Which is pretty wild. And I never actually thought about it that way until very recently, and I realized, Maybe in those days, it wasn’t super duper early, but he retired I think at 51.
He was done. I mean, he hasn’t worked in 25 years now, and he, it, it was a, a positive and negative to a large degree in the sense that I think he kind of limited himself with like the upside on his job. He was, uh, a lawyer. We lived on Long Island, so he was an attorney for the Long Island Railroad and he very specifically took that job even though it paid less than he probably could have made, certainly in private practice, but it had a pension.
So he, from a very early age realized, oh wow, there’s something here. And I could actually retire early. So this was, I mean, quite literally decades before the fire movement, he saw that as a viable path. And I think, I don’t remember exactly Joe, how long he worked, but I suspect it was probably 25 years. It may have been 20.
Regardless, that was his career. And basically the second that pension kicked in, He up and retired and he is been doing that for nearly 25 years now. So I think I learned through example that, oh wow, you can get off the treadmill. There’s actually an off switch.
Has your dad enjoyed his time post 51 years old?
Yeah, well I think he has enjoyed his time. This is one of kind of my never ending frustrations and one of the things maybe you learn from your parents so you can get positive lessons or frankly you can get negative lessons and, and learn from that and either emulate them and just kind of keep on with that potential negative I, I don’t know, negativity or, or whatever.
Yeah, yeah. Right. Or you can say, I’m gonna do the exact opposite. And I think my dad unfortunately, has spent a lot of the time on the couch and watching a whole lot of sports. He knows more about, uh, Gonzaga basketball than anyone on earth. Even though he lives in Virginia. It’s like
Gonzaga is way across
the
country.
Yeah, it’s crazy. I mean, he’s up until 3:00 AM watching like college basketball games. It’s wild. I think he’s enjoyed his time as it may be, but I realized, and my brother and I realized that. That can’t be our lives. It can’t be our lives to sit on the couch for 16 hours a day and sleep the other eight.
That’s just not ideal. I’ve taken it the opposite and realized like I need to be as fit as I can
be. Yeah. It’s funny, Brad, we have this in common. My dad retired at 53 and he did that because he worked for General Motors again, looked at the pension, 23 years old, got hired by gm, stayed till 53 and took the early, early out as well.
Did a good job of saving and retired young. The thing it’s funny that I learned that’s the opposite from my dad, is that my dad started hanging out with people that were way older than him because when you retire early, everybody your age, most people your age are still working. And in fact, I have a friend that just went part-time recently now that we’re in that age group who said the same thing.
He’s like, it’s kind of boring cuz everybody my age is still going. There’s nobody to talk to. So we actually, Brad had to have an intervention with my dad because he started getting the same aches and pains his friends were having that were 15 years older. And had to tell ’em, Hey, hang out with these guys.
That’s fine. They’re great guys. But they’re have, my dad started having all kinds of health problems that we all felt were kind of psychosomatic just from, from retiring
early. That’s why you guys keep me around. I was gonna say og, do you have some of those same aches and pains that Joe and I have all the time?
That’s right.
Well, I think he has more that we have, don’t you? He probably does. Yeah. Og, how about you? A lesson you learned from dad?
I was thinking about this in the context of a number of people, both my dad as well as both of my grandparents, and they’re all vastly different humans. Uh, they had one similarity in that they were all in the military at one point, but otherwise all three of them were completely, completely different people.
I’ve always worked for results my entire life. I’ve never had a job that’s been a W2 job, and that’s not because of my dad. Because my dad was a truck driver. He worked. By the load or by the hour, you know? I mean, so maybe he had a little bit of that. I really wanted to get a paper route when I was younger and I lied on the application saying that I was 12 when really I was 11.
And the guy showed up at my house and I was out playing, and I’m talking to this man out in the yard, right? And my dad or mom came out like, what, what’s going on here? You know? And the guy says, oh, I’m with the Bay Times and I’d like to, you know, your son said that he wanted to have a paper out. I thought I’d come by and my mom’s like, you can’t, you’re not old enough for that.
And I’m looking at my mom going, sni on the old part. Like they didn’t check, you know? Anyway, so my dad said, if you wanna do this, we’re gonna do it the right way. So how many people are on the route? Like, let’s walk the route. And the guy, you know, shows us like, here’s all the different places where you deliver the newspaper and this is how you do it.
And then my dad said, how many extras do we get every day? And the, and the paper guy said, well, you get, you know, seven or 10 extra papers every day in case one’s damaged or something like that. And my dad was my first introduction into marketing because he said, here’s what we’re gonna do. We’re gonna take the 10 papers that you get extra and we’re gonna deliver them to 10 people who don’t get the newspaper for a week.
And concluding on Sunday morning with the Sunday morning big, you know, cause I had all the coupons on it and like that was the big newspaper on Sunday afternoon, you’re gonna go to those 10 people and say, for the last week, I’ve given you the newspaper for free. If you’d like to continue, I’d like for you to sign up.
I was like, I’m not doing that. My dad’s like, then you’re not doing the route, we’re doing it this way or not at all. And we went from, I was 11, we went from 60 people on the route. And when I stopped doing it, when I went to high school three years later at 130 people on the route, and it was all from that method of doing like a little bit of like, here’s the freebie, it was the freemium model.
It was like
literally like, here’s
the freemium. My dad was like a, an internet marketer before there was internet and uh, All this came out of him just like wanting, maybe wanting to punish me for, for signing up for
this and Sure. And what was your dad’s cut of that increased subscribership? Did he get some residuals
off of that?
Yeah, no, he didn’t get anything,
but we had to. Did he get anything from the increase
or was it, yeah, so basically how it worked was you ordered the number of papers per week. So you said, okay, for this week I need 65 per day. And then at the end of the month, the newspaper delivery company would send you a bill and you’d have to pay the bill, and whatever you collected above the bill was yours to keep.
So, so basically, you know, they charged 10 bucks a a month for the newspaper. I charged 12 bucks a month for the newspaper. You know, I got to keep $2 a month per person or something like that. So it was really kind of that extra, that extra thing. So marketing,
learn marketing for dad, that was
the first thing that I can remember from a business standpoint that had a long-lasting impact on
me.
Len, how about you, man? Lesson from dad.
Um, well, let’s see. One of the big things he taught to me is there’s always opportunities to make more money over and above your typical job. So my dad, uh, lots of times had multiple jobs. Um, he had a position that, you know, did what? We didn’t make a, that much money.
Well, he always used to say, I never saw a Brink’s truck follow a hearse, which was his way of saying, I’m gonna spend my money today because I don’t know if I’m gonna die tomorrow. And he, he actually paid for it, especially at the end of his life. But, Earlier on when we were, when I was little, the man was, he, he, God bless him.
I mean he worked two, three jobs to, to keep up with his spending habit. He wasn’t in debt, but he was spending every penny he earned and he was working extra to make sure that he could sustain his lifestyle. So I guess, and it almost kind of sounds bad, but it’s really not. I mean, there’s always, you know, if you’re willing to put in the extra work cuz and you wanna spend the extra money, you know, you can go out and, and side hustle yourself and, and, and earn that, get that extra income and not have to be
in debt.
Did you ever have a side hustle because of that? Because it sounds like you learned saving. Because your dad didn’t save? Yeah, well, uh, not
really. I think most of the things I did as an adult, I did volunteering. Uh, so I wasn’t making any money off my, off my stuff. But, um, uh, right, that’s, that’s why I saved a lot.
Now that I’m retired, I am trying to slide hustle wherever I can, uh, you know, consulting and doing other things and having little side things and bringing in money. So I know that for certain. But, uh, even when you’re younger, uh, there’s no reason for you to be in debt with your spending. If you really wanna get down to it, just get a side hustle and make up that difference.
You know, if you’re spending more than you’re earning, that’s, it’s the easiest way. It’s actually better way than trying to cut yourself down to
nothing. When you said line that there was always money inside hustles, I thought you were going here. This is a great, uh, well-known father-son relationship. I think that a, a lot of people might have heard
for the family, there’s always money in a banana stand.
We don’t have the money. Pop all his money in the
banana stand. And so Michael, his
son and his brother
together enjoyed the
cathartic burning of the banana stand.
There was money in that banana stand. Well, it’s all gone now after $250,000 lining the walls of the banana
stand. Oops. Oops. That of course.
Very famous father. So moment from the show, arrested development there. I thought your dad taught you that line, that there’s always money. The banana always money. In
the banana stand. Well, I wish
he
had
a banana stand.
Dad embezzling money. My dad taught me to work hard and good things happen that the boss that that, uh, to be the boss’s friend, like, don’t be the boss’s buddy, buddy.
I certainly never had any time for that. My dad never had any time for that either. He was like, don’t be a brown-noser. But the boss needs a person that when stuff needs to get done, it needs to get done now and it needs to get done on time and they need to know who to trust and your number one job. I remember my dad teaching me this when I was going to my first job at 13 years old.
You wanna be that person sometimes. I think that gave me too much respect for my bosses. Look at some of the bad bosses I had, but that was certainly a big one that my dad had. Let’s talk specifically about money. Brad. Did you guys talk about money? I mean, did your dad talk about retiring early at all in your family?
No, he definitely did not. And yeah, it feels like a missed opportunity. I can’t remember one time talking about money when I was growing up as a kid. Not at all. It’s funny. That’s
us as well too. Never once We could talk about hustle and work, but never money When you were growing up. When I was growing up, never money.
Like my parents would have a discussion about money and they’d tell us to leave the room cuz that wasn’t for us. Yeah.
As if it’s something to be ashamed of. That’s something we’re gonna talk after the break about, uh, what we talk to our kids about. But I’ve tried to take the exact opposite of that, which is keep them involved because money is such an important part of our lives.
I’m like to keep it stuffed into corners and dark rooms. Right. Like it, it makes no sense at all.
I feel like it might have been a part of that time. Len did. Did you and your dad ever talk about money? No,
uh, the only time, and, you know, people are gonna think you’re talking bad about your dad. But you know what, I love my dad.
He was a great man, but the only time we talked about money is when he wanted to borrow money from me. They, especially when I was a teenager, there was some times despite his side hustles that he was still a little over and he needed a thousand or $2,000 for me. Back then, I had a pretty good job as a teenager.
I was working, um, At a grocery store and back then, so
you charged your dad 24%, you charged him 24%? No, I, no, no, it was all
for free. It was only, usually it was for a month. It was just to carry him for the month to get, and he always paid me back. But I mean, that’s how close he lived. I mean, he’s not kidding.
He spent everything and you know, and sometimes there’d be a month where he’s gonna be just a little short and so I’d have to float him a thousand bucks or so and he’d pay me back. But, but he would pay back. Other than that, though, we never talked, we, we never talked about money. I mean, his message to me was basically spend
it while you got it.
Oh gee, how about you? Do you, you, you and your dad ever talk
money Len before? Um, I do think I might be a little, little light this month. Something we can work out. I’m tired now. Something we can work out.
Listen how quick that card got played. Oh, I’m retired. Oh.
Oh, sorry. I’m a crotchety old man. I can’t, uh, get off my lawn.
I see how it is. Talk about money. Um, no. Not, not a lick. I mean, in my household, you know, my parents, because of my dad’s work, was very cyclical and certainly economy dependent. He, he hauled cars and so if the car market sucked, then there weren’t cars to haul. And so he would do other things and, and certainly we always had food on the table and the, and the roof was always dry, which was, you know, more than a lot of people.
But there was a lot of tough times. I know my parents had a lot of financial difficulties several times throughout my childhood that we were the, as benefactor is the right word, of, you know, we just kind of got to participate in, kinda like Brad was saying, through the furnace events, you know, you could kind of just hear, eh, something’s going down.
I’m gonna stay upstairs for a while, you know? And, um, uh, there really wasn’t that, but I don’t know if that was just a function of the frustration of the cyclical nature of the, of the income and how it kind of ebbed and flowed and. It’s just kinda hard to piece it all together. But, um, uh, yeah, not a lot of conversations.
The only, the, the one and only conversation I had with my dad was when I started as an advisor 25 years ago. I sat down with him and I said, I said, you need to put money in your 401k. And he said, I’m not giving those sobs anymore of my money. And I was like, that’s not how this works, but okay, dad. Like, I wasn’t gonna argue with him.
It was not, it wasn’t argue I wasn’t gonna win it. But it’s interesting that you talked, Brad, about your dad and his pension because, because that’s, you know, a real common thing, right? Pension, especially a little bit older, uh, generation and the pension system that my dad was a part of, they filed bankruptcy.
Oh. So the whole security of the pension, which was like, Hey, you’re gonna get, you know, five grand a month or 35, 40 $500 a month forever turn to, oh yeah, sorry, we’re outta money. Our bad, um, call the government. They’ve got your paperwork. And I don’t know what the details are, but I think it’s settled in, at somewhere in the neighborhood of about 30 or 40 cents on the dollar.
So, so even that, Hard work and all that sort of stuff turned into a pretty, pretty rough outcome.
How far along his working journey was that when he found out that it was cut? Was it after he had already started receiving or, yeah,
yeah. So my dad retired with, with a shoulder injury. Uh, he’s 70 now, maybe si 68 or something.
And um, so he’s probably been retired since his late fifties, but mostly medical. And so, you know, but he had accumulated but much like all of our dads, he’d been just working his whole life. So he had, he had the time in service and so he just retired and um, and then, yeah, shortly thereafter it was like, oh yeah, by the way, pension’s bankrupt.
Sorry. Our bad. Good luck guys. Yeah, pretty frustrating.
You know, what I really like about this conversation is the fact that we can learn both ways. We can learn from stuff that our dad taught us and things that they didn’t. And in the second half of this discussion, I think we’re all, certainly knowing all of you guys, uh, fairly well.
We’re gonna certainly fill in the blanks on how we talk to our kids a little bit about money, and maybe people can get some great stuff from that as well. But we’re at the halfway point of today’s show, which means it’s time for our trivia competition. This, if you’re new to the Stacking Benjamin Show, is a year long competition where our three usual contributors, og Len Pezo and Paula Pant are going head-to-head for the big trophy.
People watching us on YouTube will see the trophy behind og. You wanna do your Vanna White for a second? There it is, Brad, today, that means you’re on Team Paula pant. That means there’s some good news and bad news for you. Do you want the good news first or the bad news? Uh, let’s go with the bad. Well, the bad news is you’re not winning.
However, uh, for people that have been around this show, they know Paula’s never winning. So, so Paul, Paula, as smart as she is usually in the last place, but the good news is she’s not losing either. We have a three-way tie right now. Len has seven, OG has seven, and Paula has seven, which means we’re gonna guess in order of how we finished last year.
So OG will guess first, Len will guess second. And Brad, you get to guess third, which is the sweet spot here. But another thing my dad taught me is don’t assume when you meet somebody, don’t assume anything based on how they look, how they dress, how they talk. You don’t have any idea what’s going on, which is a way for me leading into.
Doug is the one that actually
has this question. We’re gonna do that.
And I know a lot of you are assuming stuff and don’t do it. Doug. What’s our question, man?
There was a compliment in there somewhere. I’m just telling myself, Hey there, stackers. I’m Joe’s mom’s neighbor, Doug, and Joe’s mom’s mad. I left the milk out again.
I don’t know why she gets all bent outta shape. I thought she liked warm milk. All old people do, right? She said, I’m not allowed in the house for a week. So I yelled, you can’t ground me. And I switched off the lights and I slammed the door on the way out like any good teenager does. That’ll show her.
She’s not the boss of me, even if she, you know, like bought the milk and can change the locks on me. Speaking of bold moves, suburban dads across America are known for the classic style of white, chunky sneakers paired with black dress socks. These fashion icons, no value and comfort when they see it, and have now turned their favorite shoes into a trend.
The top dog of dad footwear is a new balance, 6 24. It’s good for your back and your budget, or you know, running down the mailman. Their dad staple sneaker has driven the Boston based company founded in 1906 to the fifth largest shoe brand in the us. So my trivia question is, with the new balanced fashion trend on the rise, How much revenue is New Balance anticipated to earn in 2023?
I’ll be back right after I see if Joe’s mom left the back door unlocked, I left my wallet on the counter when I was making my stand about the milk. Well, that
might be problematic, uh, but as Doug figures that out, new Balance 2023 og, you’ve got, uh, five or six, uh, pairs of New Balance to go with your black socks.
I was gonna ask how many, uh, how many you guys have? I, I
actually don’t have any new balance. Len, do you have any new balance? I have no, no idea. No. Brad, come on,
Brad. No, I got zero. I used to wear New Balance, but uh, I’m out now. How about
the Jorts? Do you have the jean shorts? Brad? I know you do. You look like a Jo
guy.
Yeah, I rock those
things all the time. And the cell phone belt clip.
The beeper come on
the beep, right? The beeper. I’ve got the, uh, hiking pants, the unzip. Oh, those are sweet. Yes, that’s, yeah. So they can become shorts. That’s good. But, uh, og, uh, let’s give this a Whirl Man. New Balance in 2023. New Balance.
How much money is New Balance gonna make us? That’s the question. What’s their revenue?
New revenue? Yeah. Revenue. Not profit Revenue.
So Top Line Money from New Balance as quite often. I just kind of zoned out while Doug was droning on. Were there any other, were there any other points of data? We can’t tell you?
If you can’t follow the trivia, you don’t get any help. Okay. I think, I think my, my dad taught me that too. Yes. Yes. Yeah. Snooze,
you lose. I am going to say that New Balance is, I feel like they’re smaller than Nike. Nike seems like a big company. You don’t see a lot of advertisements for New Balance, so that that’s gonna struggles for them.
I’m going to peg their revenue at a whopping 794,000,794
million. Mr. Pezo, what do you think about that? He high or low?
Gosh, that sounds low to me, but it is New Balance, right? It’s not, it’s not Nike. See, that’s the thing. It’s not Nike. So that’s the rub. Uh, gosh.
It’s an audio podcast, Lynn. It’s helpful if you tell.
I wanna say it’s a billion dollar. It’s gotta be a billion dollar. Is it still a billion dollar company? Is it a billion dollar company? That’s the question. I think it is. Well, it’s New Balance. Gosh, I’m gonna, oh. I’ll say 5
billion. 5 billion. Wait, what was your number, Len? Billion. 5
billion. 5 billion.
Billion. That’s a big number.
You said million, right? OG you said million seven, you
said seven 94 million. Yeah. Yeah. I’m gonna say 5 billion. Right? That’s a why goalpost right there.
Yeah, I’m definitely, uh, trying to split the difference here. Certainly. So are, is this prices right rules or is it just closes?
No, we used to do prices. Right. Rules. And we had, uh, Florida man got angry at us. Ooh. For doing that? Yes.
All right. So I was debating somewhere between one and a half billion and 2 billion. So I’m gonna split it right in the middle, 1.75 billion.
1.75 billion. All right, we’ve got, uh, six. What, what was, is it 674 Doug was, oh geez.
Uh, well,
no, not even close. 7 7 94.
7 94 dyslexia. Yes. First thing for this dad to lose is his memory. 5 billion for Len and, uh, 1.75 for Brad. We’d love to tell you who’s right, but we’ll do that in just a second. We’ll be right back.
Og you. I’m never gonna remember what your number was, but, uh, it was the smallest one. So how you feeling? How you feeling? How about that number?
I dunno if it’s a tiny company. I’ve, I got a lot of space from about 1,000,000,002 down,
so.
Well, now that everybody’s locked in, Doug did say it was the fifth largest shoe manufacturer.
Fifth number five. That doesn’t help. So, uh, Len, how are you feeling? You’ve got this 5 billion upside. If it’s 20 billion, you’ve got it. Uh,
I don’t know. I, the, the new balance was a nice touch. I mean, if you just said Nike, I think it had been a little more easier, but yeah. New Balance, who knows the drop between the top and the
fifth?
It could be huge. Like millions of dads can’t be wrong. So you could be right. Just
say Nike doesn’t make the pre-eminent dad fashion statement. So I, we couldn’t have
gone there. Oh, okay. Brad, this will be the first that, uh, team Paula was been in first place in a long time. I don’t, Paulette got her caught up, uh, during her nine months here, but I don’t remember the last time Paula was in the lead.
So you feeling good?
I’m feeling pretty good. Hopefully this can be a graduation present to Paula. I actually just saw her in New York City right before she graduated.
Double six. I saw that. That was awesome. Getting the that band together. That was super cool. Yeah, that was super cool. All right, let’s do this.
Doug. Who’s writing this
shindig?
Hey there, stackers. I’m Auntie Dad, sneaker and smack talker. Joe’s mom’s neighbor, Doug. Hey, a quick question. How come Dad say you aren’t going out, Matt, and yet then they’ll wear just black socks with new balanced shoes and those awful dad jeans out to dinner. Well, if I’ve told you once, I’ve told you a hundred times Dad does what dad wants.
What do you, what do you think if all the other dads wore nice clothes, your dad would too. He taught you well that the world doesn’t work that way. So let’s get you your trivia answer. The dad shoe trend now popular with teenagers and influencers has moved all the way down to the fifth largest shoe brand in the us New Balance.
In fact there are even dad influencers playing up the popular sneaker. So og, there’s an opportunity for you right there for a few extra bucks all this time. You’ve been wearing that stuff for free. My trivia question is, with the new Balance fashion trend on the rise, how much revenue is New Balance anticipated to earn in 2023?
Well, I’ll tell you this, that OG was off by just 6.2 billion and Brad was off by about five and a quarter billion. Len came in the closest being off by just 2 billion because they are anticipated to earn about 7 billion in 2023. Congratulations
Len. Len Pezo. I think that’s appropriate,
considering I’m the granddaddy of the dads here.
So, yeah, uh, yes.
You got the most time in the saddle. Yes, that’s right. So the next time Len says, get off my lawn, he can follow up with cuz do you know who I am? I’m the Father’s Day trivia winner. It’s exactly who I am. Congratulations, Len, by the way. It’s a nice cherry on top and, uh, yeah, sorry Paula, Brad, you were, but it’s no big deal.
Paula’s never in the lead, so no pressure there at all, Brad. Hey Brad. Speaking of that, let’s move into the second half of the show. Second half of the show is brought to you by deposit accounts.com. You know what happens to deposit accounts.com? Brad Barrett? No, tell me. You find out that that brick and mortar bank, where you’ve been looking at CD rates, savings, account rates, checking account rates, probably straight right now.
In fact, we are recording this just over a week before it’s live. And, uh, how about a checking account? Paying 2.3% a p y savings accounts, top 1% average is 4.4 CD rates on a one year cd, a 5.32 versus a national average of 3.33. They. Compare and contrast all of them. Just give you top to bottom@depositaccounts.com.
All right, let’s dive into what, what are we teaching our kids, Brad, when when, when you started thinking about how you’re going to teach your kids about money, let’s talk about philosophy first. Like what did you set out to teach your kids and then follow up questions gonna be, how has that differed from what you’ve actually been able to do?
Yeah, so I definitely set out to normalize the conversation around money. That was something that was always hush hush, and we can’t talk about that for no reason whatsoever other than people just don’t talk about money. But why money is such an important part of our lives and such an important tool. I wanted my girls to be involved in that.
My wife and I, we sat down pretty early and said like, this is something that is essential and our girls need to know this and it has to be age appropriate. Right. Like if I sat down and started teaching them about EBITDA and stock buybacks and things, when they’re four years old, they’re gonna laugh me out of the room.
Right. Amortization table. Yeah. Seriously. Right. We have done a pretty good job of, of this over the years. This is like one of those kind of feathers and our caps as parents, frankly, like I’ve taken the lead on this and my girls are actually really interested. I try to find ways. I mentioned earlier that my older daughter is a rollercoaster enthusiast.
Yeah. So I know she’s in, in good company here. I have built. Multiple lessons around actually, uh, Cedar Fair, which is a, a big o owner of 11 parks, uh, Cedar Point, obviously being the, the most famous one. But, uh, King’s Dominion that I mentioned earlier is one of them. And my daughter is actually a shareholder now.
Oh, cool. Oh cool. Yeah, I just, I built all of these lessons around it in terms of this is how physically you buy stocks on Vanguard to, we dove into their annual reports and she was able to see in the footnotes how many acres of land there were still undeveloped at King’s Dominion. So, I mean, diving deep into this to, we actually reached out to the general manager of the park.
I introduced my daughter as a 14 year old shareholder and a rollercoaster enthusiast. And now they’ve actually met in person and have a relationship and it’s wonderful. And like my daughter gets to ask these questions that she has about the industry and such. To this incredibly successful woman who is the GM of our local park.
And it’s just, it, it has exceeded my expectations in terms of, wow, I set out to teach her lessons and it, it really spiraled into something extraordinary. Does
she get any free perks, though? That’s what everybody’s asking.
She has not gotten any free perks yet, but she has, uh, gotten escorted to the, the line with this wonderful woman who’s the general manager.
So yeah, nothing free, but cool stuff nonetheless.
That is super cool. And just to get nerdy for just a second, she also gets to learn then, Brad, what a pain in the ass Cedar Fair Stock is because it’s a partnership and you get a K one for that crap. That’s the first
thing that I thought about when you said that.
I was like, enjoy the K one brother.
Seriously. I didn’t, I didn’t realize that. Until she started telling me it’s a unit holder. Yeah. And not a shareholder. I’m like, what, what does that mean? And why saying that?
That’s a, that’s a weird way to say shareholder.
Yeah. Please don’t say that. Huh
Uh, Lynn, how about you working with your kids?
What do you think? Um, same question. My
God, it’s, it’s so hard. I mean, there’s so many lessons you can tell your kids. I’m trying to think, well, what’s one do I want to give? You know, I’m gonna go a little off. You know, just something that might, other people might not think that’s, I think, very valuable that I taught my kids.
And that’s before you leave the house, learn how to cook. And the reason for that is, is I see a lot of these younger, you know, 20 somethings, they eat out all the time. They grab fast food, they don’t cook at home, they’re renting or they don’t cook. Wherever they’re living, they’re renting or whatever. You know, I’ve told my kids, I mean, I’ve showed them how much money we save by not going out to eat every day.
Then when you throw in the leftovers and you eat those leftovers, you save so much money. That is, I mean, that’ll give you such a headstart when you’re young that it’s not even funny. And, and the other thing is, I, I told my son too, is if you learn how to cook and you don’t, I’m not saying be a chef or anything like that, but just be competent in the kitchen.
You know, girls love that. You know, uh, uh, uh, what young lady doesn’t love a, a man who cooks, you know? So, I mean, it’s, it’s just kind of helps everything. Helps the romance and it helps the love life, but it helps your pocketbook as well. So, and it’s something that’s really simple to do. Do your kids both.
You just have to learn. Do your kids both cook? Yes. Yes. They both cook and they’re both, my son is just amazing. He’s just an amazing cook. Just throwing things out of the, taking things outta the refrigerator and whipping things up. It’s just,
you know, it’s great. I saw how well Len cooks, which is why my financial independence goal is to live next Tolen.
That is, that’s the one thing I have not achieved yet. Financial independence is fine. Living next to Len on the way, so he can feed me all the time. Og, how about you? A good lesson for your kids.
I was thinking about, um, Len cooking. For me, this would be worth a trip in and of itself, so he’s gonna lend me money and I get to eat at his house.
Like, how great is this? Is Len
the cook or is it honeybee? I want to know. I keep hearing about the food at his house,
but it’s me.
Oh, nice. Yeah. Impressive respect.
So, uh, for our kids, the thing that I want to teach our kids is that saving money is awfully stupid. And owning money, owning assets, owning things, owning companies is the best way to go.
And I drove this home for years as they have, you know, the kids’ savings accounts, right? You can go to the credit union, open a kids’ savings accounts, and I would make a big show of, hey, the quarterly statements here, come on down, you’ve got mail. Let’s take a look. Oh look, you have $161 in your savings account and they gave you a penny.
All right? And even at Brad’s talking about age appropriate stuff, even at like, you know, seven, they go, that’s awful, dad. Right? Like, like, I don’t get that at all. There’s gotta be something better. And it’s like, funny, you should ask. And, uh, longtime listeners of the show know that we used to very, uh, avidly recommend stockpile as an investment company for new young investors because of the way that they structured it around brands and owning.
Don’t do that now. Uh, yeah, don’t do it now. Well, I’ll mention that in a second. But it was really well designed at the beginning because it showed kids, Hey, I’m not buying Microsoft. I’m buying an Xbox. I’m buying part of Xbox and it doesn’t take very long and, or you know, just one share of Microsoft and you get paid $2 of dividends.
Now you go, well, $2 ain’t anything either. You’re right, but it’s a magnitude multiplier compared to one 1 cent against the bank. And so we’ve worked really hard to help the kids understand, you know, not that necessarily the impact of compounding and all that other sort of stuff, which is really tough to understand even as adults, but rather be the person that owns stuff, not the person that lends, lends money.
To, uh, to places like just setting aside in the bank. Sadly, uh, we don’t really recommend a stockpile anymore because they added a whole bunch of fees and costs and made it pretty untenable to do business with them. But with the advent of partial share ownership at Fidelity in Schwab and all that other sort of stuff, you can kind of accomplish the same thing.
So still
do it wherever you are. Yeah. Yeah. Good stuff there. Anybody else? Uh, uh, Brad, you’re nodding your head. Yeah,
I was gonna say OG when you said it first. That saving money isn’t good. Or at least that’s how I heard it. I’m like, what? What? Where’s he going with this? But then very clearly spend it. I’m like, lens
dad, spend
it all.
Yolo coming in, coming out lattes for everybody, right? Yes. Because clearly you were talking about obviously have a savings rate, but then use it to purchase small percentages of wonderful
business
by the best companies in the world.
Absolutely. Exactly. And that definitely the advice that I echo with, with my girls and I, I think the savings rate is something I know that’s, uh, a big deal in my financial independence world.
And, and we don’t try to get into like the keeping up with the Joneses of, of the FY world of, oh, I have a 52% savings rate while you only have, right. You’ve only got 51. Right. But for me it’s seriously, but for my girls, We’ve set up basically three different buckets. They get the closest thing closest analog to an allowance where every week we give them some money, but it’s not because they did chores.
It’s just because we think them having financial skills are important. We break it up into spending, saving and giving, because I wanna prioritize saving, basically say, okay, 50% of it has to go to saving, and now obviously that’s a little heavy handed, but nevertheless, I think that’s essentially if you save 50% of your income, you’re gonna have a successful financial life.
Period. Hard stop, end of a story. You can more or less screw everything else up other than not, you know, investing in valuable businesses. Then from there, the other,
but Brad, if your kids leave home and they’re like, yeah, I’m a slacker. I’m only saving 35%.
Well, that’ll be right. That’ll shoot for the moon, right?
Like,
awesome. How awesome is that? Everybody’s looking, they’re like, you’re, what? What? No, I only save 35%. My dad taught me to save 50, and I just can’t keep doing it. Like, how great is that? Yeah,
yeah. So that’s the plan. And then obviously spending money is important. The fact that they’ve saved money and as part of this, of this spending bucket means they can splurge on things and sometimes that means things that I wouldn’t necessarily buy.
Like when we went to yet another amusement park, when we went to Universal Studios, my daughter very nearly pulled the trigger on a $300, whatever it was, lightning lane pass or Fast Pass, whatever it was. And there was $300 for one day, but she was dying to go on this velo coaster 27 times, and she very nearly did it.
It, it wound up her band trip, uh, didn’t take us there where it, it didn’t work out perfectly, but that was her choice and that’s pretty cool, I think, to be able to say, look, spending’s important in life. It really is.
What does she value and spend money on that. Exactly. Yeah. And if she wants to spend a lot of money on that, that’s fantastic.
You know, on that note too, one thing that I had to be careful with was my parents never let me make big mistakes with money. And that’s something to change between my parents and me. I would let my kids make some mistakes and just, I would put on my calendar to circle back a week later and say, how did that work for you?
You know, give them a little bit of money so that they can make some, even at seven, eight years old, nine years old, a little bit more money than they maybe should have. And when they go to Target, they’re like, oh, can I have that? Well, you’ve got your money. Do you want that? Let them mess up with seven or $8 so they don’t end up like me in college getting the credit card and, and uh, running it up.
Cuz I, you know, I’m making a hundred dollars mistakes then instead of, uh, instead of seven, $8 mistakes. Len, did you, let’s talk about allowances for just a second. I know we’ve done separate shows in this, so I don’t wanna spend a lot of time, do you do allowances for your kids? I don’t remember. Did you? Um,
They had to work for their money.
So they had a ledger book. I think we’ve talked about this before. Show. Oh, we did Now I remember again, I gave them a ledger book and certain chores were certain amounts of money. They did the chores and we signed off on it and they built their savings. They could see it right in the ledger book and they could actually take loans against their future work if they wanted to.
And I paid, I paid interest on the money that they had accumulated and they owed me interest on the loans that they took on. So loan shark. So yeah, it wasn’t that simple. No, I did not give them an
allowance. They had to work lunch shows up with a baseball bat at his kids’ high school job. Who hired it out?
I think?
Yeah. A dead fish. Uh, wrapped up in a newspaper at the right outside my kid’s
bedroom door. There’s a horse heading my bed.
Oh, uncle’s here to collect.
So, so horrible. I think, I think for all of us being open about money though, I know that all three of you being much more open. How many of you, uh, in terms of like the family meeting about money, have the kids in, on the family meeting?
I know we did that with our kids when they were available. They, they’d look through our bills with us. You guys do the same, Brad, you’re nodding.
Yeah. We’ve never overtly done that cuz we don’t actually have that. My wife and I don’t do that meeting. We just have like a quarterly checkup when we do our, our quarterly net worth.
But yeah, that’s something that we definitely should include them in. But I, I think again, age appropriate, I’ve tried to let them in on more information because again, I don’t want this to be a secret. I think they do need to understand, hey, how much does life cost? All of these things that are magically appearing when you turn on a light switch or run the water.
You actually have to pay for those darn things, right? Or, yeah, a couple years back, we bought some rental properties in Georgia and when I told them about them that we own houses in Georgia that people live in, they were flabbergasted. They could not believe it. And they had so many questions. It was really great because they were actually interested.
And then I started talking about, about the investment, and it was yet another one of those kind of spontaneous lessons that I didn’t sit down and overtly plan out, but it just, it again, it worked better than I could have expected because I’m just kind of dripping this stuff to them. Yeah, and I feel like if I would’ve started that at five, they would’ve been forth to
tears.
We started off with, uh, I realized one time I was complaining a lot about the utility bill because I would come home and every light in the house would be on. And of course nobody’s inside, right? We had three TVs. All three TVs are on, the lights are all on, the doors are open. Nobody’s paying attention to anything.
So instead of complaining, I turned it into a game and we took out some graph paper and when at the time the bill would come, we would chart. And my kids actually got more fired up about the utility bill than I was. I remember I walked out of the room once while there was some sporting event on, and I come back in the room and the TV’s off.
I’m like, what’s going on? And my daughter’s like, you left the room. You gotta turn the TV off when you leave the room. I’m like, how great is that? Although Autumn, you gotta relax a little. You’re like,
those rules don’t apply to dad. Don’t.
That’s
right. Doesn’t, no. Whoa, whoa. Easy.
Those are from everybody else.
I say not. That’s right. No, I was very happy. And the utility bills went down without complaining and everybody was on board, uh, uh, letting them in on the, on the money meetings. Og do you do that?
Yeah. No, not really. It’s, um, I, I make the kids figure out the tip when we go out for dinner. I mean, it’s not that complicated.
Right? You just moved the decimal point multiplied by two. Like try. Yeah.
Kids are like, what’s 3%
multiplied by 0.5?
Yeah.
I make sure they do the math. It’s horrible. I don’t, I don’t let ’em shortchange the, the server team when we do stuff like that. My oldest son was really worried about taxes one day. I remember.
He is like, how do you know how to pay taxes? And I’m like, yeah, dude. I don’t know, man. Like, this sucks and like there’s, there’s no hope for you or any of us for that matter because it’s a big giant mystery. You just, you know, you take all this stuff and send it to a guy and he sends you an email back and says how much you owe, except the
government knows and if you get it wrong there’s a penalty.
Yeah. That’s the kind of learning that happens at OGs house right there. I dunno.
Yeah. Yeah. It’s much more, the stuff that we spend time talking about is much more around like entrepreneurship and that sort of thing. You know, like just the idea of like you, Brad, we had a rental property in Michigan and the kids just were.
Just mine. They just, they’re like, we own an apartment guy. I’m like, well, we don’t own anything. I own it. You know? And your mom by default owns half of it, but, but you don’t own anything, man. Like, settle down. Like we talk about that stuff a lot. Like, you want your own stuff? Go get it. Dad’s got his stuff.
That’s such a classic dad lesson.
Yeah, those are my new balance shoes. Exactly. You dare. Where are those? I think guys, that’s, uh, looking at the clock, that’s a good place to leave it. There’s always so many things that we teach our kids and I know you guys well enough to know where there’s a lot more where, where that came from, but I think we’ll stop right there.
Let’s find out what’s happening, where each of you are at og. Big plans for Father’s Day
weekend. Yeah. This will come as a shock to you, but I’m playing in a golf tournament this weekend. That’s
weird. He’s answered the same thing like seven weeks in a row, I feel like. Yeah. Yes. That’s
great. Yep. And then next week, early in the week, I leave to go to Ohio too.
Play in a golf tournament, golf play in another golf tournament, and then, uh, and then Northern Michigan for the summer. So, uh, let’s do it.
Mr. Pezo, you got big plans for Father’s Day weekend?
Uh, actually no. I’m go, I’m gonna stay home and, uh, fabulous. Watch the US Open, I guess.
How’s that fan? That is fantastic.
I mean, if that’s, if that’s what dad wants to do, what’s going on? Yeah, it’s my week. It’s my week, week. Brilliant. That’s my weekend. What’s going on@lmppenso.com?
Oh, it’s, uh, heck, who knows what’s going on. Lent there right now. Uh, stop on by and, uh, you can find edit. Let’s see. Did I, yeah, I, I talked about the ethics of film many last week.
Yeah. Uh, just to stop on, by heck, I don’t know, just, uh, lenzo.com. It’s, it’s probably just the, the, the. The name stuff in finance. That’s what I’m talking about. Usually over there. So the offbeat stuff. Offbeat, I, there’s one thing I was say we are take, does anybody still write checks? Does anybody still write checks for any bills?
Did you just raise your hand? Yeah, I definitely,
I write checks.
Oh, okay. So we are talking about what happens when you, there’s a lost check. Should you stop payment or not? That, that’s an interesting little topic we’re talking about right now for the 10 people left in America that still write checks to pay their
bills.
Ooh. Is that, this is an actual question. It’s
riveting. See, Brad, this is why I always ask, I always ask Joe to never let me follow Paula Pan, because Paula Pan’s always like, well, I’ve got the Nobel Prize winner from blah, blah blah.
Then oh, and Hey Lynn, what are you doing? I’m talking about whether, which ice cream is better.
We did a blind taste test of three ice creams. Which I’ll take that, Lynn. Yeah, absolutely.
I’m the only guy in this pan. I actually sweat every time Joe asks me this question, what are
you doing in your blog, Mr. Barrett, thank you so much for hanging out with us. That was a blast. Yeah, this has been fun.
Yeah. And you are headed to Kings Dominion, we already
know, I suspect strongly. Yep. Probably hit up the, uh, our neighborhood pool, which is another, another family favorite for the summer, so, yeah.
No, I know. You and I also share a love of board games. Do you get the girls to play board games with you too?
Yeah, we’ve kind of died down a little bit. We actually, uh, have you ever played Dominion? The deck building game? Yes. Yes. Yeah, so that was our favorite game of all time. We probably played it 2000 times and it might have burned us out on board games forever.
Like, and no, I’m never playing again.
Yeah. So yeah, we’re in a little bit of a lull right now.
Well, what isn’t in a lull is the Choose Fi podcast. What’s coming up, man? What do you guys got on tap? Yeah, I mean,
everything’s rock and rolling. We actually have some, uh, potentially interesting news. I actually, uh, I see Jonathan now our good friend, uh, more than I ever have before cuz we work out four times a week together.
So we’ve been kind of plotting a little bit of fun about, uh, Maybe totally revamping our website and maybe having him come back to the podcast in some way, shape, or form. Oh yeah. So this, maybe it’s, I’m not trying to be coy here because we just, we’ve been talking about it this week, but get on my newsletter, choose ava.com/subscribe.
There might be some insider access there. So again, not trying to be coy, that’s just literally what, where we are as of this moment breaking
news on the Stacking Benjamins Show. Awesome. Maybe a return of Jonathan. I would, if I were you, Brad, I’d block him. I’d block that guy. I mean,
it’s my show. Same way.
That’s right.
Whoa. Hey, you left, man. Your problem. Uh, we will link to Choose fi. We, we will link to uh, lemp penso.com and all the goodness that we talked about today on our show notes at stacky Benjamins dot com. Man, so much. But Doug, happy Father’s Day to you too, my friend. What should we have learned today?
Thanks Joe. First, take some advice from our All-Star Dad panel and teach your kids to be fully functioning fashion forward adults. Second, you know, sometimes giving your kids advice can backfire, like telling your kid to buy into a partnership. So now you gotta teach ’em about K one s. Nobody can understand that crap.
Glad the big lesson. Is it me or does every dad on Earth say, what’s the damage every time they get a bill? Well, the damage has been done here. People damage. Done. Happy Father’s Day. Dads,
thanks to Brad Barrett for hanging out with us today. You’ll find his podcast. Choose Fi wherever you are listening to me right now. Thanks to Len Pezo for joining us today. You can find len@lenpezo.com slash Don’t ask me for money. I’m retired. 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 Podcasts, llc, copyright 2023, and is created by Joe Saul-Sehy. Our producer is Karen Repine. This show was written by Lacy 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.
Wanna 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 is 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.
Oh, oh.
What’s wrong with you? Oh, it’s either this show or indigestion.
I hope it’s indigestion. Why? It’ll get better in a little while.
Leave a Reply