We’ve snared a HOT topic! Bloggers online are talking about a recent piece written by Miles Howard, entitled “Is Frugality For The Rich?” It asks many questions about bloggers online and the transparency of how they earn their money. We talk to our roundtable about whether the frugality that’s made to sound awesome by bloggers is really something we can all attain. Is any of it real?

To talk about that topic, plus a recent study that explores the differences between rich and poor kids, we welcome our special guest Jonathan Mendonza from the awesome Choose FI podcast to the show! Jonathan is joined by our crack regular team of contributors: Paula Pant (Afford Anything) and Len Penzo (Len Penzo dot com).

We’ll also bring you some cool Friday FinTech on today’s show. Thomas Beattie from Voleo.com stops by to tell us how they help investors turn their love of stocks and (sometimes wild) opinions into better informed decisions. The wisdom of the crowd wins again on today’s show!

We also answer a three-oh call for help to the Blooom hotline. What should Curtis do with his three HSA accounts? Is there a way to combine them? We’ll ask our team that question, and also answer a letter from another listener, share Doug’s trivia, and more.

Thanks to TurboTax Live for supporting Stacking Benjamins. Get a personal review of your tax return with a CPA or EA backed with a one-hundred percent Accuracy Guarantee. Connect with a TurboTax Live expert at TurboTaxLive.com/SB.

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins as well. 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.

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Show Notes:

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Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.

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 <>Headline

• BEING FRUGAL IS FOR THE RICH (The Outline)
• Why wealthy kids feel more in control of their lives (Moneyish)

<>Today’s Contributors

Jonathan Mendonza

Check out the website: ChooseFI.com

Follow the podcast: @ChooseFi

 

Len Penzo

Check out the website: LenPenzo.com

Follow Len at: @LenPenzo

 

Paula Pant

Check out Paula’s site: AffordAnything.com

Follow Paula on Twitter: @AffordAnything

 

<>Voleo

Looking for more information? Check them out at: MyVoleo.com

Or maybe you’re looking for Voleo on Twitter? Find them here: @MyVoleo

<>Doug’s Trivia

• How much money does it cost for the US Mint to mint a penny?

<> Oh, Oh, Oh, I Need Money Help!

Thanks to Blooom for supporting Stacking Benjamins.  Get a one month free at stackingbenjamins.com/blooom and enter promo code SB for a month free!

• Curtis and his wife have three HSA accounts. What’s the simplest way to combine all three accounts into a single HSA? Is there a way to use the HSA to invest in index funds?

<> Letters

• Ryan wants to know how financial independence individuals that retire early get their income besides side gigs like podcasts or books.

<> Join Us Monday

 

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