Are you horrible with money? Turns out you’re not alone (big surprise)! While most of us have been bad with money at some point in our lives, we don’t usually write a book about it. Today we’re joined by Gaby Dunn, who today will dive into her early years, and the money scripts she learned from school, parents, and friends. It’s a quick look into her new book, Bad With Money.
Plus, during our headlines segment, a Barron’s piece proves again just how many people don’t understand the FIRE movement. And in our second headline, investors are looking for “safer” investments as the economy continues to fluctuate. It’s a sad reality that no matter how much we talk about not sabotaging your financial plan, people seem to consistently find a way to shoot themselves in the foot with their financial behavior.
Later in the show, we’ll throw out the Haven Life Line to Kathy, who is looking to retire in the next decade. She should be shifting more of her portfolio over to bonds? What’s the right balance between bonds and equities as one gets closer to retirement? We’ll also take time to answer a letter from Braden, who’s fresh out of college and has his first full-time job. What are some resources he can use to start investing?
And don’t worry… we’ll still have time for Doug’s trivia.
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Show Notes:
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Grammarly
Thanks to Grammarly for supporting Stacking Benjamins. For 20% off a Grammarly premium account, go to Grammarly.com/sb.
Thanks to LinkedIn for supporting Stacking Benjamins. Â Go to LinkedIn.com/sb and get a $50 credit toward your first job post.
<4:52> Headlines
- The Truth About Retiring Super-Early (Barron’s)
- Risk tolerance crumbles as economic angst grows (Financial Planning)
<22:57> Gaby Dunn
Check out Gaby’s Youtube Channel: Just Between Us
Listen in to Gaby’s podcast: Bad With Money With Gaby DunnÂ
CLICK HERE to order Gaby’s book,  Bad with Money, through our Powell’s link and you’ll be supporting our show AND an independent bookseller.
<41:39> Doug’s Trivia
- When it comes to Bonds, what does the word duration mean?
<45:56> 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.
- Kathy, who is looking to retire in the next decade, calls in to ask how much of her portfolio should be in bonds. She doesn’t want to take more risk than necessary.
<56:35> Letters
Need help with your financial plan? Use this link to schedule a meeting with OG:Â StackingBenjamins.com/OG
- Braden is fresh out of college and has his first full time job. How can he start investing?
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