What money moves are you planning for 2019? From creating an emergency fund and increasing your 401k contributions, to downsizing and starting a side hustle, there are plenty of smart financial steps you can take to make this year your best one yet. Joining our roundtable discussion about your best money moves today, we welcome Paula Pant from Afford Anything and OG from our very own podcast.
Halfway through the roundtable we’ll take a break for our Friday Fintech segment and talk to David Chang from Gradifi. Gradifi is setting out to give employers an easy system to help employees pay down student loans and fund 529 plans.
We’ll also answer a MagnifyMoney.com question from Zach, who’s interested in the FIRE movement. Should he be following the advice of the FIRE movement and forgo his Roth account in favor of using a traditional?
And of course, we’ll still have time for Doug’s trivia.
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Show Notes:
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<4:00> Our Topic
- 9 smart money moves to make in 2019 (Fox Business)
Our Contributors
Paula Pant
Check out Paula’s site at: AffordAnything.com
Say hi to Paula: @AffordAnything
OG
Do you need some more financial help from OG outside of the show? Follow our link, StackingBenjamins.com/OG to get some one-on-one help from the man himself.
<22:32> Gradifi
Check out what Gradifi has to offer: Gradifi.com
<36:21> Doug’s Trivia
- Collectively clients invested $19 Billion with Madoff. When you look at the amounts he claimed they had ON PAPER… how much did they lose?
<47:46> Magnify Money
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save. Use StackingBenjamins.com/MagnifyMoney to see how much you could be saving.
- Zach has always heard great things about using the Roth, but the FIRE movement has him thinking about using a traditional account. What are our thoughts?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
Join us Monday!
Re: Doug’s Trivia/Bernie Madoff, and OG’s comments that if investor’s recoup some/all of their principal by selling Madoff’s personal assets and that Madoff then might not be guilty — WTF, dude!!?! If a bank robber gets caught and later says he will show you where he hid the money and pay the bank back – it doesn’t mean he isn’t a criminal.
Madoff’s victim are not being made whole because of the plan assets. They are (hopefully) benefitting because someone not named Madoff is now digging up where he hid the ill-gotten gains that he illegally transferred out of their accounts into his own. It has taken 10 years just to get back part of what he stole, and involved seizure of foreign accounts, his apartment, private deals, etc.
So yes, he 100% deserves to die incarcerated.
Ha! I can see some people missed OG’s subtle attempt at humor….