Why are people struggling to make ends meet? Our roundtable gang today (joined by author of the new book Broke Millennial) kicks off the fun by examining why (according to a recent Washington Post piece), some families just can’t seem to save. We’ll then dive into worry….and the ways to stop worrying and start saving!
Like every roundtable….we won’t dwell on a single topic long, so next up on our Friday FinTech segment, we’ll talk to Brett Crosby, who’ll introduce us to PeerStreet, a new platform for investing in real estate.
We’ll then end the episode by talking about weird jobs. Trust me…if you’ve listened to the show for any length of time, you’ll be surprised by a few revelations on today’s show.
Thanks to SoFi and MagnifyMoney.com for sponsoring our show!
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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.
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.
<>Today’s Roundtable Contributors/Our Topics
Erin Lowry
Check out Erin’s website: BrokeMillennial.com
Say hello to Erin on Twitter: @BrokeMillennial
Pre-Order Erin’s Book:
Paula Pant
Check out Paula’s site: AffordAnything.com
Drop a line on twitter: @AffordAnything
Greg McFarlane
Check our Greg’s site: Control Your Cash
Read Greg’s awesome book: Control Your Cash
Our Topics
- How to stop worrying about retirement — and actually start saving money (Mic)
- 7 Strange Ways to Make Money (ABC)
- Why some families who save constantly are still struggling to make ends meet (Washington Post)
<26:28> Friday FinTech Segment: PeerStreet
From their website: “PeerStreet is a marketplace that provides unprecedented access to high quality real estate loan investments.”
Interested in real estate? You’ll want to check out today’s Friday FinTech segment.
Visit PeerStreet: PeerStreet.com
Say hello to Brett on Twitter: @BrettC
Check out PeerStreet on Twitter: @PeerStreet
The PeerStreet Blog post Brett mentions: Improve Communities on Investment at a Time
<> Join Us Monday
After eight weeks of work (yes, we actually work), we like to take one week off to find our bearings. The Fintern will be bringing you some of the greatest hits of Stacking Benjamins shows from the past.
Ron
Did one of your guests really say “Welcome to Trump’s America” when discussing people’s inability to save? I had to rewind the podcast to make sure I heard that, for two reasons:
1. Trump has been president for 90 some days. Did this problem really start in January of this year? For 8 years we heard how President Obama inherited a bad situation from Bush and he was working to make it better. Why does that same analysis not apply now for a new president? It does not apply because it does not fit the narrative.
2. He then went on to basically blame people who can’t save on themselves. This would seem to be the very essence of what an anti-Trump person would argue against. Clearly some people are in situations where they can help themselves but others are not.
I am not a Trump supporter and I know this is not a political show but that comment sure made it sound like one.
S
I’ve listened to the podcast and recommended Sofi etc. to friends for years, and don’t plan to stop. But I’m concerned about the “Broke Millennial” comment about not having sympathy for people who don’t move for a job opening. Be a sociopath if you want, but some of us millennials are supporting families (parents and grandparents) who can’t get healthcare even if we could move to San Francisco and afford rent. It’s a pretty entitled view, when I’ve relied on and recommended this podcast, its contributors (Hi Paula and Len!) and its sponsors to people who rely on me. So glad “Broke Millennial” has the authority of six months’ self-employment with no dependents. Hope that lasts.