The Truth About Target Date Funds: Joe Saul-Sehy of Stacking Benjamin's Take

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather & Glassbox Media

Business, Investing

4.2 • 1.5K Ratings

🗓️ 17 April 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Joe Saul-Sehy (Stacking Benjamins) as he shares his raw, hilarious, and practical journey from financial disaster to financial independence. Learn why budgeting trumps stock picking, the real story behind target date funds, and how to build wealth in your 20s. [00:01:00] Joe’s frugal start: recording from his mom’s basement. [00:02:00] Inflation warning: budget, not stocks, is your real risk. [00:04:00] Joe’s first money mistake: credit card disaster at Citadel. [00:09:00] Mom’s tough love: “It’s your problem, not mine.” [00:11:00] Gamifying debt payoff: taking control became fun. [00:14:00] Take career risks, not just portfolio risks, for wealth. [00:17:00] Purpose in retirement: why staying active matters most. [00:39:00] Target date funds: why Joe says “don’t use them.” Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. Today’s show is sponsored by: Go to SHOPIFY.COM/beginners to start selling with Shopify today. Go to shipsticks.com and use the code INVESTING for 20% off. Go to get.stash.com/INVESTING to see how you can receive $25 towards your first stock purchase and to view important disclosures. This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/INVESTING and get on your way to being your best self. Use code [INVESTINGPOD] at the link below to get an exclusive 60% off an annual Incogni plan: https://incogni.com/investingpod Learn more about Joe and Stacking Benjamins here: Stacking Benjamins What do Dave and Andrew recommend? Andrew works really hard to find the best insights he can every single month at Value Spotlight. To see a sample of his previous work, go to stockwriteup.com. Have questions? Send them to [email protected] SUBSCRIBE TO THE SHOW Apple | Spotify | YouTube | Amazon | Tunein Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I love this podcast because it crushes your dreams and getting rich quick.
0:05.7	They actually got me into reading stats for anything.
0:08.2	You're tuned in to the Investing for Beginners podcast.
0:11.9	Led by Andrew Sather and Dave Ahern.
0:15.1	Step-by-step premium investing guidance for beginners.
0:19.3	Your path to financial freedom starts now. Start now.
0:29.6	Welcome to Investing for Beginners podcast. Today we have a really special show. We have our friend Joe Saul
0:37.2	Sehigh, who's joining us from Stacking
0:39.4	Benjamins. And Joe is one of my original influences in the whole space. And I wouldn't call him
0:47.1	the OG because that would be bad. But he is one of the legacy people in the finance space. And he's
0:53.0	here to join us and talk all kinds of things and money.
0:55.8	So, Joe, thank you for joining us today. We really appreciate it.
0:58.8	Dave and Andrew, thank you so much for having me. I've known you guys for quite a long time.
1:03.9	And I'm just here to announce my retirement. What's better than being on investing for beginners?
1:08.4	Like there's no, that's the top of the mountain. So I'm done.
1:11.9	Life is good. And yeah, nothing else to see here. Right. Love it. Are you in your mom's basement
1:19.3	today? Of course, I'm in my mom's basement. You have to, you have to record from mom's basement
1:25.8	because, yeah, because rent's cheap there, right?
1:28.7	I mean, that's the deal. If we're being frugal, if we're being good with our money,
1:32.4	we want the cheapest rent we can get. So mom, mom just makes us clean up a little bit and life is good.
1:38.2	There you go. How are things in the backyard? How are things? Do you like my little transition there? Yes, things are,
1:47.6	things are really good. You know, I mean, things aren't good for most people. If we want to get,
	...

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