Why The Joneses Will Bankrupt You (plus an intro to the WELA app)

On Wednesday we talked about what goes into picking the right financial advisor. You'd want to be sure of the person your entrusting with your financials, after all. But would you trust a financial advisor who's a couple of decades younger than you? We're asking that same question to our wonderful panel of contributors: special guest Shannon Mclay (from Financially-Blonde.com), Len Penzo (from LenPenzo.com), and Paula Pant from Afford Anything. PLUS, in a second Friday headline, living next to a lottery winner makes YOU more likely to go broke. What's up with that? And halfway through the show we're taking a break to talk to Matt Reiner from Wela, the all-in-one budget app. Wela can track your daily spending, group transactions, and the app's AI, Benjamin, can answer any questions you may have about your money. Of course, we'll answer a three-oh call for help to the Blooom hotline. Julianne works on commission... how can she make a useful budget on a variable income? Also, should we be waiting on the market to go on sale before we buy more stocks? Thanks also to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings. Thanks to Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB Learn more about your ad choices. Visit podcastchoices.com/adchoices