If anyone knows debt and how to clean it up, it’s Nick Clements from MagnifyMoney.com. Today he comes back to the basement with Executive Editor at MagnifyMoney.com (and Brown Ambition podcast co-host) Mandi Woodruff. They talk about how to clean up all of your debt from December and how to chart a better path in 2017. We also talk to Tiffany “the Budgetnista” Aliche, about her January 2017 push, a movement called the Live Richer Challenge. We heard that over 250,000 people were taking the challenge and had to find out what it was all about.
In headlines, we tackle retirement planning in America. Suzanne Lucas penned an article at Inc. citing that over 30 million Americans don’t have access to a plan, and we discuss what options people have to save. Also, our friends Matilde and Devin Carroll join us to help us learn an important French phrase, we throw out the Haven Life line to John, answer a letter from Derrick, and much more.
Special thanks to SoFi and Magnify Money for sponsoring our show!
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Show Notes:
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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.
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.
<6:03>Headlines
- 30 Million Americans Don’t Have Access To A Retirement Plan (Inc.)
- How To Speak French w/ Matilde (and Devin Carroll – catch his Big Picture Retirement podcast here)
<14:12>Nick Clements & Mandi Woodruff (and a short appearance by Tiffany Aliche, the Budgetnista!)
Nick Clements
Follow Nick on Twitter: @NPClements
Mandi Woodruff
Meet Mandi on Twitter: @MandiWoodruff
Check out the MagnifyMoney Debt Guide here.
Tiffany Aliche, The Budgetnista
Say hello to Tiff on Twitter: @TheBudgetnista
Tiffany’s Challenge: Live Richer Challenge: Credit Edition
<42:53>Doug’s Trivia
- What’s the difference between interest rate and APR?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
<49:41> 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.
- John calls in about eREITs and other hot “bubble” behavior. Is this all too good to be true?
<58:27> A Letter From the Mailbag
- Derrick asks, “What are the tax benefits of a SIMPLE IRA?”
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
<> Join us Friday
It’s our FIRST roundtable made up nearly completely of Stacking Benjamins listeners! We’ll talk about how to invest $1,000 and more, plus another company in the Freshbooks FinTech segment!
[…] You can find the original show notes HERE. […]