Stacking Benjamins and Modern Money Management with Joe Saul-Sehy
#35: Former financial advisor turned podcast host Joe Saul-Sehy joins Chris to discuss modern money management. They talk about why you should abandon trendy investment opportunities and what you should replace them with, why your wealth can grow faster if you don\u2019t diversify your investments, and how emergency funds can save you money. They also share plenty of tax and investing hacks.\xa0\nJoe Saul-Sehy (@averagejoemoney) is the creator and host of the award-winning podcast Stacking Benjamins and a co-host of the Money with Friends podcast. He is the co-author of the newly published book Stacked: Your Super-Serious Guide to Modern Money Management.\xa0Joe\u2019s career in media started when he was The Money Man on Detroit\u2019s local TV station WXYZ. Previously, he was a financial planner and Certified Financial Planner\u2122 for over 15 years.\xa0\xa0\nFull show notes at: https://allthehacks.com/stacking-benjamins-joe-saul-sehy\n\xa0\nPartner Deals\nFor all the deals, discounts and promo codes from our partners, go to:\xa0allthehacks.com/deals\n\nResources Mentioned\nConnect with Joe Saul-Sehy: Website | Twitter | LinkedIn\nJoe\u2019s Podcasts: Stacking Benjamins | Money with Friends\nJoe\u2019s Book: Stacked: Your Super-Serious Guide to Modern Money Management\nOther Books Mentioned:\n\nThe 7 Habits of Highly Effective People\n\nMom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances\n\nInvestopedia: Modern Portfolio Theory | Efficient Frontier\nMaximizing Deductible Interest Expense Articles: SVB | Andersen\n\xa0\nFull Show Notes\n(00:12) Who Is Joe Saul-Sehy?\n(02:14) Why He Decided to Write a Book (And How It All Started With The Hardy Boys\u2019 Detective Handbook)\n(09:21) Why You Should Narrow Investment Opportunities to Make Sound Financial Decisions\n(14:26) Where You Can Find Investment Opportunities Aligned With Your Goals (Stock Market Alternatives)\n(19:24) 2 Red Flags to Look Out For When Evaluating Investment Opportunities\n(21:24) The Upsides to Making Boring Investments Like Farmland\n(24:37) Why You Get Wealthier Faster If You DON\u2019T Diversify\n(29:54) Should You Hire a Financial Advisor (The Stories of Walt Disney and Mary Barra)\n(34:21) Questions to Ask Before Hiring an Advisor\n(35:42) What Most People Don\u2019t Optimize Enough\n(36:37) How an Emergency Fund Can SAVE You Money\n(42:55) Do You Need Disability Insurance?\n(46:07) Joe\u2019s Experience Filing a Homeowner\u2019s Claim After a Robbery\n(50:20) What You Need to Know About Taxes as a New Investor (And How You Can Qualify for Preferential Tax Treatment)\n(55:02) How to Financially Support Your Aging Parents\n(59:23) Should You Use Leverage?\n(1:07:59) How to Connect With Joe Saul-Sehy\n\xa0\nConnect with All the Hacks\nAll the Hacks:\xa0Newsletter\xa0|\xa0Website\xa0|\xa0Membership\xa0|\xa0Email\nChris Hutchins:\xa0Twitter\xa0|\xa0Instagram\xa0|\xa0Website\xa0|\xa0LinkedIn\n\nEditor\u2019s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.