Most people borrow money at some point, but how do we pick out good loans from bad loans? To help us figure out which loans are best, we’re bringing down our usual suspects: from AffordAnything.com, Paula Pant; from our very own basement, OG; and from LenPenzo.com… Len Penzo. And halfway through the show we’re talking to the founder of Current, Stuart Sopp, who’s setting out to help parents teach their kids about money and the dangers of using plastic. We’ll also answer a student loan/investment question question from Eli, and still have time for Doug’s trivia.
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 Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB.Â
Show Notes:
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Stamps.com
Thanks to Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB.Â
<5:38> Headlines
<> Our Contributors
Paula Pant
Check out Paula’s site: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
Len Penzo
Check out the website: LenPenzo.com
Follow Len on Twitter: @LenPenzo
OG
Do you need some more financial help from OG outside of the show? Follow our link, StackingBenjamins.com/OG to get some one-on-one help from the man himself.
<22:00> Current
You can find the site here: Current.com
<33:30> Doug’s Trivia
- How many tires does a NASCAR team go through in a single race?
<43:45> Letters
- Eli has one and a half years left of college. After he graduates, should he start investing or focus on his student loans?
Need help with your financial plan? Use this link to schedule a meeting with OG:Â StackingBenjamins.com/OG
Frank
You were ragging on Dave Ramsey about not using CCs and taking advantage of the points if one pays it off. But the genus of Dave is that he knows his target audience. The are the type of folks who can’t control their CC use, so his advice is sound – best not to use them. He also makes a good argument that CC leads one to spend more, i.e. a lot easier to spend $80 with a CC than drop four twenties. Of course, hopefully one “graduates” from Ramsey and moves on and develops the self control to use CC responsibly.