Have a great idea for a business? Meg Gill, listed in the Forbes 30 under 30 entrepreur list, and co-founder of Golden Road Brewing joins us today to talk about how her education and athletic experience helped propel her to entrepreneurship at an early age. We’ll also discuss mistakes that she’s happy she got out of the way early so that she could avoid those later and scale up her company in a hurry. She talks about how starting with a product and a philosophy that you love is a better approach for many than hoping to be wealthy. Also she discusses how a broad educational background isn’t necessarily an impediment to future success. She’ll also share stories from her new show on Viceland called Beerland, where she talks to brewers about leaping toward their dream: full time entrepreneurship. You’re going to love this interview, whether you’re thinking about entrepreneurship or hoping for motivation to get up and go to your job again this week.

In our headlines segments we talk treasure hunting. People are dying trying to find a hidden treasure. Maybe there’s a better way to get rich? Also, we discuss ANOTHER 401k lawsuit. This one gets weird in a hurry. We’ll share details.

We also throw out the Haven Life line, take a listener letter AND still have time for Doug’s beer-infused trivia.

Special thanks to M1Finance for sponsoring our show! We couldn’t do any of this without the support of these awesome companies.

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Show Notes:

<> Open

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<30:32>Doug’s Trivia

• What is the name of the first American to brew lager?

<34:35> Haven Life Line

• Zack and his spouse have lived in their house for about 5 years now. They’ve been paying PMI, and are wondering if making a lump sum payment to get below 80% owed would be a good idea. Is making the lump sum payment a good idea? Is there anything they’re missing?

Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.

<> A Letter From the Mailbag

• Stevan remembers an old episode covering “Living Forward” by Michael Hyatt. Where is the episode?
  • Sorry Stevan, we never had Michael Hyatt on the show.
• Darryl heard Joe mention the movie “Colossal” with Anne Hathaway.
  • They both thought it was really weird, but original. Are movie plots played out?

Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG

Ever wonder about the credit companies that seem to know everything about you? Now, although fair credit reporting laws exist, people STILL complain about unfair and outdated credit, but according to Dr. Josh Lauer, it used to be much worse. We’ll talk to him today about the history of credit reporting in the United States. How did it work? Who evaluated your credit? How were the current three credit companies formed? It’s a fun and sometimes frightening look at how credit has been and still is evaluated, and how credit companies use information about you.

Speaking of credit, a recent study about credit produced some horrifying results, and Michael Bruemmer from Experian joins us to discuss why people might want to take better care of their credit than they have in the past. Also, we discuss a headline about Jeff Bezos inching up toward becoming the richest person alive. What does it take to join the ranks of the uber rich? We’ll contemplate that by taking a look at the list of the world’s wealthiest people.

We have a special guest co-host today! Mandi Woodruff from the Brown Ambition podcast sits in for OG and shares some great experiences, as well as helping Joe throw out the Haven Life line to Karl and answer a lucky listener letter. Of course we still have time to bring on Doug’s trivia, share some bad jokes, and lots more….

Huge thanks to MagnifyMoney.com for helping us with today’s show!

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Today’s Sponsor: MagnifyMoney

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Today’s Special Guest Cohost: Mandi Woodruff

• Early days of credit = “I like that guy, I don’t like that guy” [19:02]
• Old school data collection and trustworthiness [21:34]
• What kind of person was in the credit business in the early days? [22:24]
• Dun & Bradstreet’s origin story [22:37]
• Abraham Lincoln was one of the original credit reporter [23:11]
• What could someone do if there were errors? NOT MUCH! [24:44]
• Personal character was the #1 most important part of a credit report [26:19]
• Big 3 credit bureaus started in the 1960s [28:22]
• Minorities and credit reporting [29:43

Order Josh’s book (and help the show while you’re at it!):

<34:28> Doug’s Trivia

• What is the best month to buy stocks?

<37:39> Haven Life Line

Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.

• Carl always feels like there’s a better deal online beyond his research. He’s currently looking for a laptop, what can he do to get the best price?

<41:46> Letters

Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG

• Clay gives the basement a lot of props (well deserved of course). He recently sold some funds due to high fees, and moved that cash over to ETFs. He had some capital gains, but will save on fees later on. Was this the right decision?