Save more than you spend, don’t take on a mountain of debt, living below your means… they’re all phrases that the financially-savvy might take for granted, but let’s be honest. Most of us didn’t start out that way. Today we ask our contributors: what are some money lessons you had to learn the hard way? On today’s show we’ll hear some sage advice from Jen Smith (from the Frugal Friends podcast), Doc G (from the Earn & Invest podcast), and Len Penzo… of LenPenzo.com. A special thanks to David Bakke from money management site, MoneyCrashers.com, for reading today’s featured piece.
After our discussion on life lessons, we’ll ring up Angelo Poli from the health and fitness gurus at Metpro. Even though COVID may be keeping you from your local gym, Angelo will share some great financially-minded tips on how you can still maintain your health at home without breaking the budget. PLUS, we’re answering some questions listeners left for Angelo in the Stacking Benjamins Facebook group. By the way, if YOU want to be involved next time, you can join us here: The Basement
Later, our contributors will weigh in on our Twitter poll: for people who were formerly bad with money, what inspired you to change? Just like in our title segment, you’ll find that some super-savers have always had a special affection for finances, but others (talking about me here), have come to terms with their bad habits a little differently.
As always, we’ll save some time for Doug’s Friday Gameshow. Hope you enjoy it as much as we had fun making it!
Show Notes:
Today’s Topic:
A father’s letter to his kid: The 9 money and life lessons most people learn too late in life (CNBC)
- Another special thanks to David Bakke from MoneyCrashers.com for reading today’s piece. You can find all things Money Crashers below:
We referenced our interview with John Hope Bryant on today’s show. You can check out our show with John by clicking HERE. Just looking for John’s book we mentioned? Click below:
Our Contributors:
Want more from Jen? Check out her Youtube channel! – Modern Frugality
You can check out Jen’s podcast here: The Frugal Friends Podcast
Check Out Doc G’s site and podcast at: Earn & Invest
Join Doc G’s podcast community here: Earn & Invest Facebook Group
You can keep up with the latest from Doc G on Twitter: @earnaninvest
Grab a copy of his book: Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life
Paula Pant
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
Our Fintech Segment: MetPro
Another big thanks to Angelo Poli for talking with us today. You can take advantage of the fact that you listen to the show with our SB-only offer of a complimentary meeting with a coach and free metabolic assessment. Go to Metpro.co/SB and make sure they know we sent you.
Doug’s Trivia
- It’s Nikola Tesla’s birthday! Happy birthday, Nick! Here’s a question: In what year was inventor Nikola Tesla born?
MagnifyMoney Question
- For those that used to be bad with money, what inspired your change? You can check out the rest of the responses we didn’t get a chance to mention from our Twitter poll HERE.
Want the guys to answer your question? You can call into the Haven Life Line and get your question answered on-air HERE.
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