Anne Lester knows money. She helped develop target date mutual funds at JP Morgan, headed retirement programs, and knew her stuff. But Anne, like many of us, is a spender at heart and has had to trick herself into great saving habits. How? We talk about the basics, which do NOT include skipping lattes or shaming yourself into saving more money. In fact, the truth about saving more money is hiding in plain site, and we dive in so you can finally begin or accelerate your journey TODAY.
Before that, though, in our headline segment, the United State government is cracking down on credit card late fees. The Biden administration has passed a cap on fees at eight dollars, and has also foreshadowed that overdraft and other bank fees may not be far behind. Is this legislation going to help you save more money? We'll dive into what we love, don't love, and what we're cautiously optimistic about, assuming that YOU take action on your plan and tighten up your banking practices.
That's not all. We also answer a question from a Stacker who said, "We'd better call Saul...Sehy and OG for help!" Of course, there's Doug's trivia segment as well, and much, much more.
FULL SHOW NOTES: https://www.stackingbenjamins.com/mastering-financial-basics-anne-lester-1491
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
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Accomplish More With a Few Benjamin-Stacking Time Hacks (SB 1508)
The Simple Math of Wealth (SB 1507)
Make Better Investment Decisions - Our TOP 5 Building Blocks to Constructing a Better Portfolio (SB1506)
We Dissect The 4 Main Paths To Becoming A Millionaire (SB1505)
Our Primer On Making Better Insurance Decisions (SB1504)
A Story About Money That is So Good It Probably Isn't True
Why You Should Retire at 62 (or Before) (SB 1502)
Strategies on Allocating Windfalls, Plus Does the Government Owe You 2K (SB1501)
The Important Role of Kindness and a Little Math When Stacking Benjamins (SB 1500)
Party Like It's 1499 (SB 1499)
Simplifying Your Investment Strategy While Lowering Fees (plus a primer on ABLE Accounts) SB1498
How To More Effectively Rearrange Tasks: Manage Your Energy and Time with Google's Productivity Expert Laura Mae Martin - plus an appearance by former President Barack Obama (SB1497)
We List the Biggest "Gotchas" in Popular Financial Products (SB 1496)
Are You Ready for a 30-Year Retirement? Plus, Velocity Banking and Shoelace Patents (SB1495)
Simplifying Complex Money Ideas, Offsetting "Home Bias" Investing, and Better Retirement Strategies (SB1494)
Passive Investing: Is Active Investing (finally) Dead? (SB1493)
Career Forward: Shine at Work by Focusing on What Matters (SB1492)
The Most Overrated Ideas, Concepts, and Beliefs About Money (SB1490)
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