Should You Look at "Risk" Differently? (with Len Penzo) SB1591 | The Stacking Benjamins Show Podcast

Today we share a fresh perspective on personal and financial risk, featuring the always insightful Len Penzo (LenPenzo.com). Joe, OG and Len will dive into the complexities of managing your 401k and understanding the risk tolerance required to meet your goals. We'll share pivotal strategies for effective retirement planning and hopefully help you grasp why taking enough risk is crucial, especially for younger investors who have time to recover from potential losses. Listen in as we explore investment behaviors versus portfolio performance and how emotional decisions during market fluctuations can impact your financial journey.
We don’t just tackle numbers here. We'll also examine whether widening your approach to include career risks and the often-overlooked social risks that can open doors to new opportunities is a good strategy. We'll talk about on growing your employment opportunities, ensuring long-term wealth, and balancing financial and emotional satisfaction. Plus, there just may be a slight amount of banter about Halloween treats, the joys of IRS conundrums, and the misconceptions of viral TikTok financial advice.

To top it all off, we may or may not share stories about Joe’s adventures learning craps in Las Vegas, revealing the thrills and lessons of gambling. If you're searching for lessons, it may include the importance of knowing when to walk away, and the camaraderie forged at the casino tables. Whether you’re tuning in for practical financial strategies or just to enjoy some relatable stories and laughs, this episode is packed with takeaways on looking at risk differently in every facet of your life.

Introduction to Debt Management

Welcome to the Stacking Benjamin Show

Discussing Risk with Len Penzo

The Fortune Cookie Incident

Understanding Risk Tolerance

Career and Social Risks

Halloween Treats and Risks

Stocking Up for Halloween

Diving into Risk Management

TikTok Minute: Career Success

Doug's Trivia: Understanding 1031 Exchange

Listener Question: Employer-Sponsored IRA Plans

Vegas Stories and Gambling Tips

FULL SHOW NOTES: link
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