I think this was the best interview ever on our show (and we’ve had some great interviews). Nick Clements from MagnifyMoney.com joins us to talk about a topic we’re passionate about: How to lower your banking and credit card expenses. After this episode, you’ll see how banks make money and how credit cards entice you to spend more money. Also, you’ll know who credit cards LOVE most as a client and WHY they still love people who pay their bill every month.
Want more? PK joins in the fun this week with a segment on focusing on the big picture. Joe & OG share headlines, answer an email from Jason Hull, and review a Netflix film from years ago.
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< 2:00 > Stackingbenjamins.com/Amazon
< 13:30 > Interview with Nick Clements
“Each branch was generating over a million dollars a year in fees from Bank of America.”
“I don’t want to be a part of an organization that waits for me to make a mistake and charges me for it.”
“What are you willing to pay for that physical distribution?”
“Once they get hooked on overdraft fees, they can’t get off that addiction.”
“Don’t use a credit card as an excuse to get in debt.”
“A sustainable cash-back card will give you 1.5%”
“The beauty of cash back is that you know exactly what you’re going to get.”
“If you become good at it, you can get better than a 2% reward with airline miles.”
“When I ran a credit card business, we hated cash back.”
< 37:40 > PK’s money sense
Find PK at DQYDJ.net
“My time has value.”
“Don’t chase nickels around dollars.”
< 41:09 > Letters
< 44:18 > End/Movies
Average Joe reviews Ghost World