Could you go a few days without spending any money? A few weeks? How about a few months? Starving your wallet might be simpler than you’ve previously thought. Jen Smith, co-host of the Frugal Friends podcast, joins us today to talk about gifting yourself a “No Spend Challenge.” How does it work? We’ll cover her story of spending little to no money to cure her debt issues, and then how she refined the concept to create a plan worthy of talking about on our show and elsewhere!
And in our headlines segment of the podcast, some great news! Long term care benefits have been added to the new crop of Medicare Advantage plans. We’ll invite Danielle Kunkle Roberts from Boomer Benefits over so we can all learn more. Plus, we’ll take a look at recent changes in the annuity industry. Annuity providers are making a combined effort to bring the industry into the 21st century to speed up the exchange process from months to a week. What does that mean for you? We’ll dive in more during our headlines segment.
Later on, we’ll throw out the Haven Life Line to Sean, who’s a minority stakeholder in a corporation. The majority stakeholder wants to buy him out… what questions should Sean be asking?
And don’t worry… we’ll still have time for Doug’s trivia.
Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for your free box of Omax3 Ultra-Pure with your first purchase.
Show Notes:
<> Open
Omax Health
Thanks to Omax Health for supporting Stacking Benjamins. Visit Tryomax.com/sb for your free box of Omax3 Ultra-Pure with your first purchase.
Check out Omax Health
<> Headlines
- It’s about to get easier to do a 1035 exchange with annuities (Investment News)
- Here’s a link to the piece we discussed with Danielle: LTC Benefits Creep Into 2019 Medicare Advantage Plans (Think Advisor)
- Find more from Danielle on Boomer Benefits website: BoomerBenefits.com
- Make sure to check out the Boomer Benefits Youtube channel: Boomer Benefits
<> Jen Smith: No Spend Challenges
Check out Jen’s site (and the Frugal Friends podcast): ModernFrugality.com
Follow Jen on Twitter: @modernfrugality
Want to take part in the No-Spend Challenge? You can find Jen’s book here:
<> Doug’s Trivia
- Who was the first person to reach the South Pole?
<> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Sean is a minority stakeholder in a private corporation. The majority stakeholder is looking to buy him out. What questions should Sean be asking? Are there any resources out there he should be checking up on?
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Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
- Jody had a second full time job, and has just over $23,000 in a 401k. They need to pull out about 6k of the money to last about half a year. Jody is going to keep putting money in they their main employer’s 401k. Do we have any resources they could use on investing the rest?
Looking for the book Joe mentioned in our answer? Click here:
[…] first heard about no-spend challenge from an episode of the Stacking Benjamins podcast where Joe, OG, and the gang interviewed Jen Smith from Modern Frugality about how implementing No […]