What was the best advice someone could have given you when you first started investing? If you’re a new investor OR a seasoned pro, you’re in luck because our roundtable team are all sharing their best tips today to help get the ball rolling. We’re joined by two great guests today (along with the amazing Len Penzo)…host of Profit Boss Radio, CFP Hilary Hendershott AND one of our favorite writers, Hannah Rounds from Unplanned Finances. Not only will we talk about getting started early with your financial plan, but then we’ll also tackle problems with brokers and sales incentives. How do you know you won’t get burned? Finally, we’ll answer a question originally asked of The Moneyologist at MarketWatch.com…what would you do if you found out your mother had taken out lots of credit using your name illegally? Would you turn her in? You’ll be surprised by all of our answers.

THEN in the FinTech segment, we’re actually going to go anti-FinTech this week and talk to our friend Shannon McLay about her new concept coming to a city near you, the Financial Gym. What happens when you give your money a workout? How does it work? Maybe, even though we talk about great ways to use your phone for planning purposes, maybe face-to-face coaching has a place in your planning, too.

Thanks to  SoFi  and Magnify Money for sponsoring our podcast! Support the companies that support us and help yourself along the way.

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Show Notes:

<> Open

From student loans to personal loans and mortgages, lower your interest rate with a strategy involving SoFi. You need a good credit score to qualify.

Check out Sofi

Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.

Check out Magnify Money

<>Today’s Roundtable Contributors/Our Topics

Hilary Hendershott, CFP

Say hello to Hilary on Twitter: @HilarytheCFP

Check out Hilary’s site and podcast: Hilary Hendershott

Hannah Rounds

Say hello to Hannah on Twitter: @HannahLRounds

Check out Hannah’s website: Unplanned Finance

Len Penzo

Bombard Len on Twitter: @LenPenzo

Check Out Len’s site: Len Penzo

Our Topics

• My mother spent $5000 on credit cards opened in my name. 
•  I’m 20, how do I go about investing for the first time?
• Morgan Stanley sales contests among advisers didn’t help clients

<> Our FinTech Segment: Shannon McLay’s Financial Gym

Shannon McLay comes down to the basement to talk about her new Financial Gym in New York City.

<> Join Us Monday…Lisa Sugar joins us!