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In this Quick Hits episode, DeAndre Coke shares the latest updates in the world of travel, points, and miles, helping listeners stay informed on the newest opportunities and challenges in maximizing travel rewards. He breaks down the Capital One Venture Card's limited-time welcome bonus and highlights the addition of new airport lounges in Las Vegas … Read More Read More
Are we Too obsessed with Credit Scores? In this episode we discuss Credit scores, particularly FICO scores, are numerical representations of creditworthiness, calculated using factors like payment history and credit utilization.While not universally required, good credit can significantly impact various aspects of life, from mortgage rates to insurance premiums. Responsible credit management, including timely payments and low utilization, is key to building and maintaining a healthy credit score.Your FICO score ranges from 300 to 850 and is calculated using five main factors:1. Payment History (35%): The heavyweight champion of your score2. Credit Utilization (30%): How much of your available credit you're using3. Length of Credit History (15%): Your credit age matters4. Credit Mix (10%): Different types of credit accounts5. New Credit (10%): How often you apply for new creditContact Chris:https://heavymetal.moneyhttps://www.facebook.com/MoneyHeavyMetalhttps://x.com/MoneyHeavyMetalhttps://www.instagram.com/chrislugerhttps://www.tiktok.com/@heavymetalmoneyemail: chris at heavymetal.moneyContact Dan:email: dan at corepln.comhttps://www.corepln.com/dan-hineResources and Links:https://heavymetal.money/creditscores/Jurassic World: Rebirth trailerhttps://www.youtube.com/watch?v=jan5CFWs9ic
People were eating cake in the Town of Fogo Island today, as they celebrated a sweet victory. The Atlantic Edge Credit Union has officially opened its new branch in the town. People on the island can get in-person financial services again after being without them for almost two-and-a-half years.. Scotiabank closed the island's only bank in August of 2022. Town of Fogo Island Mayor Andrew Shea is one of the community leaders who went looking for someone to pick up the business.
Join Our FREE Start Repairing Credit Challenge: http://startrepairingcredit.com/ Want to discover the secrets behind a million-dollar credit repair business?Meet Edgardo Prado and Gilberto Pagan, the founders of Credit Guys, who have leveraged their e-commerce expertise to build a 7-figure credit repair empire in Puerto Rico. Edgardo and Gilberto scaled their business to over a million dollars in just two years. Today, they're here to reveal their strategies and the lessons they learned along the way. If you're ready to learn the insider tips that helped them dominate the credit repair industry, don't miss out!Let's jump right in. Key Takeaways:00:00 Intro 01:39 Edgardo and Gilberto's Background05:16 Early Challenges and Client Acquisition 10:04 Building and Scaling a Team12:45 Making a Million Dollars with Credit Repair16:23 Credit Repair Marketing 23:52 Advice for Aspiring Credit Heroes 26:12 Rapid Fire Questions 30:12 OutroAdditional Resources:Credit Guys on YouTube: https://www.youtube.com/channel/UCMLWz_HrsZiIO1wdcwpzV_wCredit Guys Website: https://creditguys.co/Get a free trial to Credit Repair CloudGet my free credit repair training 10 Steps to Build a Successful Credit Repair BusinessMake sure to subscribe so you stay up to date with our latest episodes.
Despite all the advances in fintech lending, the way data has been furnished to the credit bureaus has remained largely unchanged for several decades. We still operate on a 30-day payment cycle with no allowance for real time data. Not to mention all the recent credit innovations such as BNPL and short-term cash advances. This is about to change.My next guest on the Fintech One-on-One podcast is Christian Widhalm, the CEO of Bloom Credit. They have created a system that can work with cash flow data, can work with BNPL, can work with real time payment data, all while staying within the legacy confines of the Metro 2 data format of the credit bureaus.In this podcast you will learn:How Christian helped the founder of Bloom Credit get things going.Why Bloom Credit pivoted from B2C to B2B.What convinced him to join as CEO in 2021.The problems with Metro 2, the 26-year-old credit bureau data format.How their solution works as the intermediary between the bureaus and lenders.How Bloom Credit works with real time payment data.Why they store the payment data themselves.The types of FIs using Bloom Credit today.How Bloom Plus works and how it is different from Experian Boost.How Bloom Plus can help people build credit without taking on debt.The key trade lines from a checking account that are reportable to the bureaus.How new immigrants and new adults can enter the credit system.Why this is such a great opportunity for community banks and credit unions.How winning Finovate Best in Show in May has helped Bloom Credit over the last few months.Christian's vision for Bloom Credit.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
Ash Cash On Weight Loss, The 'Abundance Calculator' App's New Credit Rent Boost + MoreSee omnystudio.com/listener for privacy information.
Ash Cash On Weight Loss, The 'Abundance Calculator' App's New Credit Rent Boost + MoreSee omnystudio.com/listener for privacy information.
Guests: - Keith Stone, CEO of The Finest Federal Credit Union and New Jersey PBA Federal Credit Union- Rick Mumm, former NCUA examiner and credit union consultantKey Points:- Keith Stone discusses his background in credit unions, including chartering The Finest FCU for law enforcement in New York in 2014-2015- Rick Mumm shares his 35+ year career at NCUA, including work in chartering and field of membership - They discuss the process of chartering the new New Jersey PBA Federal Credit Union, set to open next month- Key challenges in chartering a new credit union: - Proving the concept/need for the credit union - Securing initial capital funding - Navigating NCUA's chartering process and requirements- Benefits of having experienced help to "speak NCUA's language" and present information properly- Importance of having a committed sponsor group and sufficient capital to start- How The Finest FCU is leveraging shared services to support the new NJ PBA FCU- Keith's work with new NYPD recruits, offering low-rate loans for equipment - Their mission to provide better financial services for law enforcementContact Info:Keith Stone: 646-661-1331Rick Mumm: rick@rcuservices.com
Nathan McQueen of McQueen Partnership talks about how a good debt recovery company can become part of your credit control team. In a time of companies struggling with cash flow, a positive and personal approach can actually improve your relationship with your customers, whilst getting you paid.https://www.mcqueenpartnership.comTheme music:Check out Katy on Spotify: https://open.spotify.com/artist/7g1bTthu5ETWFuq5igUMRm?si=dK72fUrHRX2kVp6Bt7SfwQCheck out Katy on Twitch https://www.twitch.tv/katyhmusic Support us on Patreonhttps://www.patreon.com/newtonsnuggetsWe also talk about our discord, which you can join here:https://discord.gg/Hz5Qjyefe7-------------------------------------------------------------------------- Buy the MentalTheft book from here in the UK:https://www.amazon.co.uk/MentalTheft-Your-mind-weakest-link/dp/1838254102 Anywhere else in the world, go to Amazon as usual and search MentalTheft (one word).Thanks as usual to Jesse for making the magic happen:https://www.jlawrence-photography.co.uk Check out Paul on: https://www.mentaltheft.co.uk#newtonsnuggets Check out our Patreon on:https://www.patreon.com/newtonsnuggets
We're excited to have JB Orecchia, CEO of SavvyMoney, joining us again on the Banking Transformed podcast to discuss their groundbreaking new product, Get My Rate. This innovative tool offers personalized loan pre-qualifications without impacting credit scores. We discuss how this solution allows consumers to get pre-qualified for multiple loan offers simultaneously, receive ongoing alerts when rates change in their favor, and how consumers benefit from continuous credit monitoring and expanded financial wellness tools. Finally, we discuss how generative AI is set to revolutionize credit solutions and financial well-being across the entire banking ecosystem.
Rick Lisnek, a small business owner (and brother of WGN political analyst Paul Lisnek), joins Steve to talk about his experience with being a victim of a new and popular credit card scam. After suffering a 50 thousand dollar loss from this scam, Rick has been speaking out to let other small business owners know […]
Have you applied for a credit card and then found out... you were denied?! There are various reasons that could be the culprit, so listen in to your credit coach as Kristi shares some of the top reasons for not being approved if you applied for a credit card. Questions@CreditKristi.com
What factors make up your credit score? How does your score increase and decrease? What are some credit myths? What does FICO stand for? There are five factors that make up your credit score: Payment history (35%) Credit Utilization (30%) Length of Credit History (15%) Credit Mix (10%) New Credit (10%) In this week's episode, George and Shawn talk about your credit score, the way the five factors above increase or decrease your score, and why your score is important. You can read Shawn's blog post here: https://www.yesnerlaw.com/five-factors-that-make-up-credit-score/ You can also check your score, for free, at https://www.annualcreditreport.com/ which is the only free credit report site supported by the United States Federal Trade Commission (FTC). Let us know if you enjoy this episode and, if so, please share it with your friends! Please also visit our sponsor Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com. Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. While this year's Purple Stride walk is over, you can still support Shawn's team to fight Pancreatic Cancer at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08
“Buy now and pay in up to 24 monthly instalments using your existing credit card. Zero interest. Zero fees. Zero new credit.” With copy that good, you might not actually need to listen to this week's episode
Yetis, this our last pod of the week because markets are closed for Good Friday.Robinhood stock has doubled in the past year, now it's got a (golden) credit credit — Here's the business model: While the rest of finance double dips, Robinhood single dips.Flamin' Hot Cheetos are the most controversial food in America, so owner Pepsi is giving it a promotion — Pepsi's letting its winner ride, by spinning off Flamin' Hot into its own brand.Boston Consulting Group just calculated a top investment a company can make: Paid Childcare — Childcare isn't a cost center, it's a productivity puppy.And this Easter, Peeps could finally pass the Reese's Peanut Butter Egg as the most popular candy #CocoaCatastrophe$HOOD $PEP $ETSYSubscribe to the best newsletter yet: tboypod.com/newsletterWant merch, a shoutout, or got TheBestFactYet? Go to: www.tboypod.comFollow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypodAnd now watch us on YouTubeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Robinhood is unveiling a new credit card as the firm looks to become a broader financial-services company. Robinhood Markets co-founder and CEO Vlad Tenev talks about the new offering and more with hosts Paul Sweeney and Bailey Lipschultz. See omnystudio.com/listener for privacy information.
Are you tempted by the Buy Now, Pay Later options at checkout? They're popping up everywhere, offering the allure of easy, interest-free payments. But what lies beneath this modern convenience? In today's deep dive, we're exploring the hidden world of BNPL, a phenomenon that's reshaping our shopping habits and potentially, our financial futures. This episode isn't just about understanding how BNPL works. It's a journey into its rise in popularity, the psychology behind why we're so drawn to it, and the potential risks and debts that can come with this new form of credit. We'll examine how these seemingly harmless installment plans can affect your long-term financial health and why it's crucial to approach them with caution. Whether you're a frequent BNPL user or just considering your first deferred payment, this episode is packed with essential insights and expert advice. We'll dissect the fine print often overlooked and offer tips on how to use these services without jeopardizing your financial well-being. Join us as we unravel the complexities of Buy Now, Pay Later. Your journey to being a more informed and savvy shopper starts right here. Subscribe to the channel for more empowering personal finance, investing, and self-improvement content. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve! **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ If you are in need of a Financial Coach, don't waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #InvestInYourself #PersonalFinance #FinancialEmpowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #buynowpaylater #bnpl #debtcrisis
Are you tempted by the Buy Now, Pay Later options at checkout? They're popping up everywhere, offering the allure of easy, interest-free payments. But what lies beneath this modern convenience? In today's deep dive, we're exploring the hidden world of BNPL, a phenomenon that's reshaping our shopping habits and potentially, our financial futures. This episode isn't just about understanding how BNPL works. It's a journey into its rise in popularity, the psychology behind why we're so drawn to it, and the potential risks and debts that can come with this new form of credit. We'll examine how these seemingly harmless installment plans can affect your long-term financial health and why it's crucial to approach them with caution. Whether you're a frequent BNPL user or just considering your first deferred payment, this episode is packed with essential insights and expert advice. We'll dissect the fine print often overlooked and offer tips on how to use these services without jeopardizing your financial well-being. Join us as we unravel the complexities of Buy Now, Pay Later. Your journey to being a more informed and savvy shopper starts right here. Subscribe to the channel for more empowering personal finance, investing, and self-improvement content. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve! **Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://thefinancialmirror.podbean.com/ If you are in need of a Financial Coach, don't waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ #InvestInYourself #PersonalFinance #FinancialEmpowerment #personalfinance #financialfreedom #finance #money #investing #financialliteracy #financialindependence #budgeting #debtfreecommunity #financialplanning #debtfree #financialeducation #debtfreejourney #wealth #financetips #business #budget #investment #entrepreneur #moneymanagement #moneytips #stockmarket #financialgoals #invest #motivation #debt #savings #moneymindset #savingmoney #success #buynowpaylater #bnpl #debtcrisis --- Support this podcast: https://podcasters.spotify.com/pod/show/thefinancialmirror/support
Welcome, everyone, to another episode of The Tearsheet Podcast, where we explore financial services together with an eye on technology, innovation, emerging models, and changing expectations. I'm Tearsheet's editor in chief, Zack Miller And for today's episode, we're embarking on an insightful journey with two professionals I consider as visionaries – we've spoken a few times over the years – They're the co-founders at the helm of Current, a pioneering neobank based in the heart of New York City. Joining us are Stuart Sopp, CEO and co-founder of Current, and Trevor Marshall, the CTO and co-founder, both instrumental in helping to shape the landscape of modern banking for everyday Americans. Recorded in September of 2023, we dive deep into the genesis of Current's latest product, the Credit Builder Card. But beyond that, we'll explore the broader trends impacting financial services and its customers. From the impact of inflation and rising interest rates to the evolving needs of Gen Z consumers, we'll dissect the challenges and opportunities facing today's banking industry. Here's my conversation with Current's Stuart and Trevor. The big ideas Addressing the Need for Credit Building in a Changing Economic Landscape: "We saw a crucial need to help our members build credit effectively. The Credit Builder Card emerged from our deep understanding of our customers' needs and the changing economic climate." - Stuart Seamless Integration of Financial Products into Users' Lives: "We wanted to create a product that seamlessly integrates into our members' lives, offering a solution that not only builds credit but also enhances their banking experience with us." - Trevor Emphasis on Financial Education and Behavior Change: "We've really guided users towards adopting the best behaviors, the best possible practices to ensure that they are really getting the biggest benefits out of the product." - Trevor Accessibility and Inclusivity in Banking Products: "Our data suggests that there's strong interest across various demographics, including Gen Z. By offering a product that combines accessibility, education, and value, we're breaking down barriers to credit building and empowering all our members to achieve their financial goals." - Stuart Continuous Improvement and Focus on Long-term Relationships: "We're focused on continuous improvement, ensuring that we deliver unparalleled value to our members while driving towards profitability. Additionally, we're exploring new avenues for lending and business model innovation to further support our mission of financial empowerment." - Stuart Adapting Technology to Enhance User Experience and Financial Services: "We've built into our own core stack. So all of the products and services that we build can talk to each other. And that's in both our live production systems and our analytics and downstream customer data platform." - Trevor Anticipating and Preparing for Future Shifts in Financial Paradigms: "We are well prepared for both sides of that equation. We are early, as we always are, but we are well prepared for both sides of that equation." -
Holmberg's Morning Sickness - Brady Report - Wednesday February 14, 2024 Learn more about your ad choices. Visit megaphone.fm/adchoices
Holmberg's Morning Sickness - Brady Report - Wednesday February 14, 2024 Learn more about your ad choices. Visit megaphone.fm/adchoices
There is a new credit card law coming that will reign in the surcharges and interest they charge.
In this episode of the Rich Habits, Robert Croak and Austin Hankwitz answer your questions! --- Public has finally released options trading on their platform! To learn more about all of the product features Public offers, click here! --- Check out our Credit Card Benefit Matrix, click here! Opt-in and share your email, click here! Learn more about our 4-module video course! Download our FREE Budget Template, click here! To learn more about Robert: https://stan.store/RobertJCroak To learn more about Austin: https://stan.store/austinhankwitz Contact: richhabitspodcast@gmail.com --- Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
The multiyear effort to change the credit scoring models required by Fannie Mae and Freddie Mac continues to move forward, and mortgage lenders, credit officers and compliance professionals need to know the latest developments. On the latest episode of the ABA Banking Journal Podcast, ABA VP Sharon Whitaker provides an update. Among other topics, Whitaker discusses: The operational challenges of moving from today's tri-merge system to merging just two credit reports. How FICO 10T and VantageScore 4.0 differ from credit scores in use today. Why rushing the transition might be counterproductive to the initiative's financial inclusion goals. The role of core platforms and other technology vendors in supporting the transition. What may happen in the Federal Housing Finance Agency makes the change but the Federal Housing Administration, Veterans Administration and others don't. Why the industry needs to see data on how the new credit scoring models would perform, and how banks can get involved in sharing feedback with FHFA. **** Learn more about the credit score transition at the American Mortgage Conference, April 15-17 in Savannah, Georgia. Contact Sharon Whitaker to join ABA's working group on the issue.
In this episode we discuss the most important details behind your credit report and how to achieve the highest credit score possible. For more information and to get a scenario customized to you, book your free phone consultation today, BOOK NOW We are LIVE on YOUTUBE every Wednesday @ 1PM PST. Interact with us LIVE while we record! Ask us your questions right in the comments. Text "MOM" to 844-935-3634 to receive a link once a week to join the show. Debbie Marcoux is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, IL-031.0058339, NC, NV-57237, MO, OR, TN-184373, TX, WA-MLO-237926
On this episode of the podcast, Savannah and Alex discuss 5 tips for improving your credit in 2024. Together they discuss the importance of narrowing down your specific credit goals, understanding your complete financial picture, digging deep into your annual credit report, and more! Tune in today and get the inspiration YOU need to finally achieve your good credit goals... because following these 5 tips to build healthy credit habits just makes Perfect Cents! To check out some of the resources highlighted in this episode visit the links below. The 5 Factors of Credit | SAFE Credit Union Beyond Everyday Banking Blog AnnualCreditReport.com CreditKarma Equifax Experian TransUnion Debt Snowball vs. Debt Avalanche SAFE Credit Union - Refer Your Friend To contact the hosts, email us at Podcast@safecu.org To register for an upcoming Financial Wellness webinar visit: https://www.safecu.org/community/events To read the latest edition of SAFE's Beyond Everyday Banking blog visit: https://blog.safecu.org/ To learn more about SAFE Credit Union products and services visit: https://www.safecu.org/
The game against Luton 'feels' like a six-pointer so Greavsey, Bodes and Woody take a look at the team news and injury worries ahead of kick-off. Plus, we try to work out what's going on with the club's finances in light of Pace and Co switching credit facilities again and look at the latest from the transfer market.Don't forget to give us a follow on social media - just search for BeeHolePodcast and like, review, share and subscibe on your favourite podcast channel.Up the Clarets! Hosted on Acast. See acast.com/privacy for more information.
This episode lists the credit cards I intend to acquire or change in this upcoming year. Visit our website at www.therewardsmaster.com
Strategizing a new credit building journey (mostly rambling about my weekend). Back post from Oct 29, 2023.
The FBI has finally said where it's moving — a decision that could have a big impact on the shape of the D.C. area. The Wizards and Capitals are asking for a ton of city money to spiff up their stadium. Plus the team discusses what's up with restaurants charging credit card fees. City Cast DC Producer Julia Karron and City Cast Contributor Dan Reed join us to give us the rundown. Check out another episode we did on the infamous FBI headquarters And be sure to check out the amazing local reporting that fueled this episode: Check out the Washington Post's Breakdown of the FBI's HQ. Read up on the $600M Monumental is asking for the Stadium, from this Washington post report, and the opinion piece criticism to that ask. The Washingtonian covered the new credit card fees making eating out more costly. We're kicking off our FIRST-EVER City Cast 6 Awards, where we recognize six individuals transforming D.C. in various categories (like food, business, music, etc.), and we want your input! Vote here before Nov. 17. Want some more DC news? Then make sure to sign up for our morning newsletter Hey DC. Interested in advertising with City Cast? Find more info HERE And we'd love to feature you on the show! Share your DC-related thoughts, hopes, and frustrations with us in a voicemail by calling 202-642-2654. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jamie and Spencer Reese from militarymoneymanual.com share their top 8 tips for when they get a new credit card in the mail. Find the transcript of this episode at militarymoneymanual.com/ep87 If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon at or at shop.militarymoneymanual.com. I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.
If you're looking to start building credit, there's several options to get you started.Sign up for a credit card, make small purchases (under $300) and pay off your expenses when they're due.If your parents/guardians have good credit, ask them to add you as an authorized user to a credit card of theirs so their credit score can help grow yours.Credit builder loans are given from the bank and as long as you pay them back on time can be a method of building credit.Pay utility, rent and phone bills on time- you can request these agencies to contact the credit agencies to let them know you always pay on time which can build your score. Sometime it involves a third-party company and a fee paid but can be worth it.Practice good credit utilization. Try not to ever use more than 30% of the monthly limit of your credit card to show you can be responsible and won't be maxing out the card.Monitor your credit score often so there's never any surprises when applying for loans or something that requires a certain score for qualifying. Some banks/credit card companies keep track of your credit history for you and it's easily accessible. You can also run a free credit report and keep track of that as time goes on to make sure it looks accurate. If you're new to credit building and really want to be considered and show you're reliable, consider writing a personalized note or letter to the person who will be reading and evaluating your credit report. This shows you're serious about wanting to improve your credit and it may reach the right person who wants to help out.I hope this helps you out and connect with me, Chris McCarron, if you need any guidance. Womencreatingwealth.net.
Stocks surged as Wall Street scaled back its recession fears, the S&P 500 trading at its highest level since April 2022, by the close of trading on Tuesday July 25. "Investors have changed their outlook on the economy," says DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. "They have made the decision that inflation is dead or dying, that there's one more final US rate hike. Jobs are continuing to grown." Still, there's a batch of negative indicators, including the bond market, which flies in the face of this stock market rally, according to MAT VAN ALSTYNE, ODEON co-founder and managing partner. Numerator's latest Consumer Sentiment Study also shows consumers' strong level of concerns about the US economy, says JOHN AIDAN BYRNE. Despite the high levels of public and personal debt, BOVE says it is still consistent with a growing US economy even as consumers run out of credit-fueled steam. Meanwhile, BOVE explains why the FDIC has issued a warning to US banks on their uninsured deposits, the key element in the recent collapse of Silicon Valley Bank. BOVE also took aim at the FDIC, the US government agency which facilitates insurance for bank depositors. "The FDIC didn't recognizxe that the increase in interest rates could reduce the value of bank assts." Elsewhere, the CONVERSATION takes a closer look at the latest UN forecast on national populations. The EU countries are forecast to see a drop in populations. The US, meanwhile, is grappling with its own demographic crisis with repeared calls for a steady stream of immigrants. Join ODEON CAPITAL CONVERSATIONS for a Live Webinar, Unmasking the Economy, hosted by Geeks, Geezers & Googlization, Thursday July 27 @ 11:00 AM ET on LinkedIn and YouTube. For More Information on the Webinar & Questions: Podcast@OdeonCap.com
Steve Forbes slams a new bill from D.C. politicians called the Credit Card Competition Act that is meant to take on swipe fees, explaining that its purpose simply does the bidding of giant retailers that will harm consumers.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
French startup Defacto has closed a new securitization fund that will be used to provide short-term loans to small and medium enterprises via an embedded, API-first approach.
Cassie Smedile, Vice President of Coign, joins Annie to talk about the recent boycotts of various brands for persuing a "hidden agenda" and how their new Conservatives owned credit card that will give money to conservatives causes.
Wellness is expensive. Ness is trying to make it more attainable through rewards points. Plus: Disney's streaming setback and AirBNB's retro pivot. Join our hosts Mark Dent and Juliet Bennett Rylah as they take you through our most interesting stories of the day. Follow us on social media: TikTok: https://www.tiktok.com/@thdspod Instagram: https://www.instagram.com/thdspod/ Thank You For Listening to The Hustle Daily Show. Don't forget to hit Subscribe or Follow us on Apple Podcasts so you never miss an episode! If you want this news delivered to your inbox, join millions of others and sign up for The Hustle Daily newsletter, here: https://thehustle.co/email/ Plus! Your engagement matters to us. If you are a fan of the show, be sure to leave us a 5-Star Review on Apple Podcasts https://podcasts.apple.com/us/podcast/the-hustle-daily-show/id1606449047 (and share your favorite episodes with your friends, clients, and colleagues). “The Hustle Daily Show” is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Produced by Darren Clarke.
JOE BIDEN'S NEW CREDIT LAW ? | Wallstreet Trapper (Trappin Tuesday's)Join our Exclusive Patreon!!! Creating Financial Empowerment for those who've never had it. https://www.patreon.com/Wallstreetlookslikeusnow Collective value refers to the shared benefits and advantages that are generated by groups of people working together towards a common goal or purpose. It can arise from various forms of collaboration, such as cooperation between individuals, teamwork in organizations, or collective action in communities. By pooling their resources, expertise, and efforts, people can create collective value that is greater than the sum of their individual contributions. We are No Longer the Victims, but the Victors Today we Break the Chains that have anchored us to the Poverty Mindset. No Longer will the Generations behind me inherit Lack. Exclusive Trapper Apparel: https://trapperapparelinc.com Diminishing Returns | Wallstreet Trapper (Episode 39) Trappin Tuesday's Original Video: https://youtube.com/live/sVZwvI6Ln4s From the streets to the stock market. Every Tuesday we bring financial empowerment to those who feel like they don't have the power. We are Trailblazing our way to Wealth. Ride with me. History in the Making!! Trappers Anonymous Group: https://join.trappersanonymous.com/ https://www.thetrapperuniversity.com #wallstreettrapper #WallstreetLooksLikeUsNow #StockMarket
First, Stephen Moore, a distinguished fellow in economics at the Heritage Foundation, discusses the Biden administration's surprising decision to implement a new rule that punishes people with high credit scores. He calls it an extreme example of income redistribution and a height of stupidity. Later in the show, hear about Wiggins' hilarious experience with using self-tanner for the first time, with the assistance of Annie and Hannah, of course. To wrap up the hour, Annie discusses how people referencing the science behind gender is a flawed argument because they only use the science that supports their opinion, causing a weak argument.
WalletHub's Credit Card Debt Study found that consumers racked up a record $180.3 billion in new debt. We talked some key takeaways from their studies and accompanying consumer surveys, how did Phoenix do?See omnystudio.com/listener for privacy information.
What is the good, bad, and ugly of getting a coveted CEO job at a large, successful credit union? Kelly Botti of Trumark Financial to talk through the process of moving into a CEO role and lessons learned so far. IN THIS EPISODE:[01:45] Kelly's origin story and journey to Credit Union CEO. [11:15] Advice for those in middle management who want to move roles one day. [21:15] Best practices that Kelly has chosen to implement with her employees. [25:41] What Kelly is hopeful and excited for in the CU industry. KEY TAKEAWAYS: Give your employees the ability to have their own ideas and make their own mistakes to learn from. Credit Unions are seeing a huge shift in how they market and rebrand as they grow with the current economy and generations. RESOURCE LINKSMark Ritter WebsiteBIO: After eight years at the credit union, Kelly Botti became CEO of Trumark Financial in 2022. A graduate of Villanova's Law School, Kelly entered the legal world and then transferred over to a career in commercial banks before credit unions.
Learn the beginner's mistakes to avoid. Is setting up a real estate LLC even worth it? Learn how to build the right credit score for a mortgage loan, including why you actually don't want a score over 800. If a cash flowing property is so great, why would anyone sell it to you? I outline a myriad of reasons. Should you make a lowball offer to a real estate seller? Learn negotiation techniques. Earnest money procedures are covered. The real estate buying process is slow. From the time that you make the offer, it can often take over 30 days to close the deal. Once your offer is accepted, I recommend a professional third party inspection. It can cost you $300 to $500 for a single-family income property up to $1,000 for a fourplex inspection. I cover property appraisals and how they verify the quality of the bank's collateral. Learn how to get a good feel for your property manager and what their duties are. I discuss the Management Agreement between you and your manager. Be sure to tell your insurance provider that this is a rental property, not your primary residence. A mobile notary meets you at your home, workplace, airport, or even a restaurant in order to complete the paper-and-ink closing process. This wraps up the deal. Get started with income property at: GREmarketplace.com. For free coaching to help get you started, contact our free Investment Coach, Naresh, at: GREmarketplace.com/Coach Resources mentioned: Show Notes: www.GetRichEducation.com/433 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search “how to leave an Apple Podcasts review” and do this for the show. Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Welcome to GRE! I'm your host Keith Weinhold, here to help BEGINNING Real Estate Investors Today. The biggest beginner mistakes to avoid, when you make an offer - can you lowball a turnkey provider, and all those buyer steps like LLCs, mortgage pre-approval, inspection, appraisal, and closing. Today, on Get Rich Education. _____________________ Welcome to GRE. From Athens, Greece to Athens, Georgia and across 188 nations worldwide. The voice of REI since 2014. This is Get Rich Education Podcast episode 433 - and this is your Beginner's Real Estate Investing Audio Guide. Hi, I'm your host Keith Weinhold. We're talking about how to get into long-term buy & hold RE investing - and that's because it's the most generationally-proven way to build wealth. First, let's talk about a couple of the biggest mistakes that real estate investors make - it's being invested in only one geographic market. Often, that's the market that they just happen to live in. There is more risk with being in only one market than most realize, because you're now tied to the fortunes or misfortunes of just one area's economy. Another substantial, common real estate investor mistake is that they continue to hold onto one - I'll call it - special - property in their portfolio that they usually need to get rid of - but they have either sentimental ties to it - or they just hold onto it for convenience, and do you know what that property is? I'm actually talking about a specific property here. It's the home that YOU YOU USED TO LIVE IN yourself. Well, what's wrong with renting out the home that you used to live in yourself? You might still have the preferable owner-occupied financing locked in on that one - and afterall, that's a better rate than you could get on a non-owner-occupied rental. The problem is that the property probably doesn't perform BEST as a rental. But you might be clearing, say $600 per month by using your former primary residence as a rental today. Look, for you, it's often about the cash flow - and yes, it is about the cash flow. But there's something even more important than cash flow - that's because nearly any property will cash flow if the loan were paid off. That's why it's really more specifically about the rent-to-price ratio of a property. If you're renting out the home that you used to live in, and it wasn't strategically bought as a rental, if your rent-to-price ratio is 0.4%, meaning that for every $100K in value it has, you're only getting $400 of monthly rent income, then you're losing cash flow dollars every year - and every month. Look, let's give a real life example of the .4% RV ratio. Say that you can get $2,000 rent out of that $500K property that you used to live in. But instead, three $150K homes bought strategically as rentals can have a combined rent income of $3,000. So it's either one $500K property at $2,000 of rent income. Or three $150K properties at $3,000 of rent income. So you're losing $1,000 dollars of cash flow every month - by not buying and owning strategically in markets in the Midwest and South where the properties make sense as a RENTAL on the day that you buy it. Your primary residence only made sense as a primary residence on the day that you bought it. Now you can see that the only reason that you still own it, is because you defaulted and “fell” into it. Don't fall into things. Often, you want to be intentional. You are a better investor when you're intentional rather than emotional. It's even better for you now. Beyond your $1,000 of additional cash flow with some repositioning, now, with three properties instead of one - now you've also taken care of the first real estate investor mistake that I mentioned. WITH three rentals rather than one, now you can be diversified across multiple markets. Two birds are killed with one stone. Now with some re-positioning, you've increased your cash flow by $1,000, AND you're in multiple markets. One property isn't divisible. And this $1,000 of monthly cash flow example is small. Of course, the differences can be greater than this. We're talking about real estate investing for beginners today, so let me clearly guide you through step-by-step on just how you go about buying your first property - writing an offer, getting an independent third-party property inspection and vetting your Property Manager which is known as due diligence, then the appraisal, and onto closing and receiving cash flow from the tenant. As you'll see, much of today's show pertains to any investment property at all. But we're talking mostly about how to buy what are known as turnkey homes, especially homes outside your home market - as most of the best deals are not found where you live. Turnkey means three basic things. #1- You buy a property that's either brand new construction or fully renovated. #2- A tenant is placed for you - and you get to approve them. And #3- the property is held under management for you from Day 1 - if you so choose. Like they say, the best investors live where they want to live, invest where the numbers make sense. Today's content is primarily geared toward United States real estate investors - but those that live outside the United States will benefit here too. You might want to buy a property in the US. Here's a question that you might have - “How do I go about setting up an LLC - a Limited Liability Company - to hold my investment property in?” I'll tell you - I don't think “How do I set up an LLC?” is the best question to ask. The best question to ask is, “Should I set up an LLC?” The three main reasons people set up an LLC are for either anonymity, tax purposes, or asset protection. Now, if you know that you WANT to set up an LLC - I've done four episodes on that topic with Rich Dad Legal Advisor Garrett Sutton. You can go to GetRichEducation.com, type “Garrett Sutton” in the search bar, and those four episode numbers will appear so that you can listen. He was just on the show with us 9 weeks ago on Episode 424. But the reason that the question is, “Should I even SET up an LLC?” is because: Setup of LLCs complicates your life. Maintaining a registered agent, Articles Of Incorporation, having separate accounts, tracking expenses with separate credit cards, paying annual fees for everything - depending on how many LLCs you have and how you structure your life - it can wear you out. The second reason you should ask yourself, “Should I even set up an LLC?” is because you might not have many assets for a litigant to go after. Retirement accounts have certain protections already. Equity in a property could be low-hanging fruit for a plaintiff attorney if someone gets a judgment against you. But since the Return From Equity is always zero, what would you have much equity in a property anyway? The third reason you should ask yourself, “Why should I even set up an LLC?” is that frivolous or slip-and-fall type of lawsuits are rare. Not only have I never been a party to one, I've never even heard of any investor friend or associate having one - and I talk to a lot of people. You probably haven't heard of one either. Now, note that I'm not saying you can't get an LLC or shouldn't get one. I'm saying, prioritize those questions to yourself. First, it's “Should I get one?”. If that's a definitive “yes”, only THEN ask: “How do I set one up?” Why do you think you have to? Did some attorney use fear tactics to get you to? If the result of the LLC's administrative overburden provides a greater reward in the form of asset protection, anonymity, or tax benefit - which is typically a flow-through taxation type anyway, you might then … get an LLC. So, as a beginning real estate investor, understand that real estate is a credit-based asset - meaning it's usually bought with a loan. So let's talk about getting your finances in order before you contact a lender or select an income property. That begins with you having enough cash liquidated for a 20% down payment on the property - add about 4% for closing costs, depending on the state that you're buying your property in - and on the lowest-priced property that's still in a decent area of a low-cost city - which might be a $100,000 property … 24% of that then is about $24,000 that you'll need. You should have some extra on top of that as reserves. Now, let's look at another part of your finances - your DTI - your debt-to-income ratio. It cannot exceed 43% to 45% - maybe up to 50% in some circumstances. So if your monthly minimum debt payments - everywhere in your life - housing payment, minimum credit card payments, minimum car payment - if that sum is $5,000 and your gross monthly income is $10,000 - that's a 50% DTI. You can't exceed that. Of course, before a bank is willing to loan you money, they want to have a reasonable assurance that you aren't weighed down with debt elsewhere because their fear factor goes up that they won't get paid back. Next, let's talk about your credit score. We dedicated an entire episode to this back in Episode 54. If you can remember back that far, Philip Tirone was here with us and you learned more about credit scores that you probably ever thought you would … … and he even went on to call the credit scoring system a total scam. He was quite opinionated - it was interesting and eye-opening, but ... Playing within the scam here - as it might be. There are many different credit scoring models, but the FICO Score - F-I-C-O - is a respected one that you're probably going to see your mortgage lender use. It stands for Fair Isaac Company. Their credit scoring range is 300 - the worst, up to 850. 850 is essentially a perfect score. Importantly, 740 is the highest score that helps you here. If you have a 782 or an 836, it doesn't help you qualify for the loan or get you a lower mortgage interest rate or anything else. 740 is where you're optimized. Now, just a quick overview of FICO credit scoring ... There are five primary ingredients that make up your credit score. In order of importance, they are your payment history, amounts owed, length of your credit history, new credit, and finally credit mix. That first one, Payment History, is the most heavily weighted one. It's 35% of your score. As you might expect, the repayment of past debt is a major factor in the calculation of credit scores. It helps determine your future long-term payment behavior. Both revolving credit (i.e. credit cards) and installment loans (i.e. mortgage) are included in payment history calculations. Although installment loans like mortgages take a bit more precedence over revolving credit - like credit cards. This is why one of the best ways to improve or maintain a good score is to make consistent, on-time payments. The next way, your Amounts Owed – 30% This category is basically credit utilization or the percentage of available credit being used - or borrowed against. Credit score formulas “see” borrowers who constantly reach or exceed their credit limit as a potential risk. That is why it's a good idea to keep low credit card balances and not overextend your credit utilization ratio. So if you've got just a $1,000 balance on a credit card with a $10,000 credit limit, that's seen as a good ratio. You're staying well within your limits then. The third FICO credit score ingredient is the Length of your Credit History – 15% This factor is based on the length of time all credit accounts have been open. It also includes the timeframe since an account's most recent transaction. Newer credit users could have a more difficult time achieving a high score than those who have a long credit history. That's because if you have a longer credit history, FICO has more data on which to base their payment history. The fourth of five FICO ingredients is your “Credit Mix” – Now we're down to an ingredient only comprising 10% of your score. Credit mix just means that it helps your score if you have a combination of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. Finally, “New Credit” makes up the last 10% of your FICO score. Don't open too many new credit accounts in a short period of time. That signifies a greater risk to lenders – and that's especially true for you if you're a borrower with a short credit history. And you sure don't want to open up any new lines of credit, down the road when you're in the qualification process for buying a new property unless you check with your Mortgage Loan officer first. Now, those five factors have been weighted the same for quite a few years. Knowing what factors make up your FICO® Credit Score can help you qualify for more loans and get better mortgage interest rates. That's the bottom line. This helps you get pre-qualifed or pre-approved with your Mortgage Lender. To get prequalified, you just need to provide some financial information to your mortgage lender, such as your income and the amount of savings and investments you have. Your lender will review this information and tell you how much they can lend you. After pre-qualification, you can seek the higher-level status and that is getting pre-APPROVAL for credit. Pre-approval is better than pre-qualification. If you think about it, it makes sense. Qualifying for anything in life is not as good as getting approved for something - I suppose. Pre-approval involves providing your more detailed financial documents - like W-2 statements, paycheck stubs, bank account statements, and your previous two years tax returns. This way, your lender can VERIFY your financial status and credit. Now that you're pre-approved with a lender, you can focus on the market and property that you're interested in. RidgeLendingGroup.com is the mortgage lender that we recommend most often because they SPECIALIZE in income property. They don't have any seasoning requirements. Seasoning means that the person selling YOU the property needs to have held onto it for a certain length of time - or the lender won't finance the property for you. While you're in the pre-approval process, you can be learning about a cash-flowing investment market. You want to pick a geographic metro market that typically has low-cost properties, and high rent incomes in proportion to those low costs. In fact, the market is more important than the property. Because your income comes from your tenant, and your tenant's income comes from a job. So you typically don't want to own much property in a town with 12,000 people that's in an outlying area - not part of a greater metro - where 1/3rd of the employment is tied to one tungsten factory or even one semiconductor manufacturer. Because now, too much of your income stream is tied to just one industry. If the tungsten industry goes down, so goes your tenant base. You also don't want to buy slummy property. Those tenants often don't pay the rent. You also don't want to buy much above an area's median-priced home, because the numbers don't work out. So you want that working class housing that's just below the median price point for the area. If you're not already confident about that and familiar with the right provider ... We have information on the right market, with the right provider, with properties - and they're typically in the MidWest and South - at GREmarketplace.com So read a market report there. That's good, pointed information. Most investors are interested in a property for the production of cash flow. That's the margin by which your monthly rent income exceeds all monthly expenses. Rent income minus expenses should be a positive number. So that's your monthly rent minus VIMTUM. V-I-M-T-U-M. Vacancy, Insurance, Maintenance, Taxes, Utilities, and Management. I like easy ways to remember things and VIMTUM is an easy way to remember. So, you're listening to the Beginner's Real Estate Investing Audio Guide here as a regular episode of the GRE Podcast. If you're not a beginner & you're still listening, it's either a good review and you might even be learning some new things along the way yourself. Including, should you ever lowball a turnkey provider and a negotiation approach that I have for that - in a few minutes. But first, one reasonable beginner question is ... “Now why would someone would want to sell me a cash-flowing property in the first place? Why would someone - like a turnkey provider - why would they sell me a good thing that pays them every month that they could continue to hold onto for cash flow? If a property pays someone every month while they hold onto it - why in the heck would they sell it to me? OK, some seller out there has a golden goose that lays a golden egg every month, so why in the world would they give me an opportunity to buy the goose? Well, there are just so many reasons for selling cash-flowing property - yes, a ton of reasons for selling even a young, healthy goose that lays golden eggs every month & is expected to so for years. Well, a turnkey provider runs out of money too. They can't buy all the properties themselves. They'd prefer a lump sum payout when they sell this property, because their business model is to go pay all cash for another distressed property that they can fix up. And if you think that they snatched up the good ones themselves a while ago - yeah, they probably did do some of that. In fact - I WANT them to have snatched up some good properties from their own market earlier. It shows me that they believe in what they sell. If they didn't buy what they were selling themselves, I'd actually be MORE concerned. Now, other reasons that the - I guess general public seller might want to sell you a property is ... One reason is moving. Say that a family in City A owns a few mom-and-pop rental homes that they self-manage and they're moving to City B in another state, they'll often sell their income properties. Some people want to self-manage their property (often because they never explored their best-and-highest use, but anyway) & if they have to move to City B, they'll sell the property rather than try to find a Property Manager in City A. Another reason people sell cash-flowing property is that - even if someone is not moving, that person might be tired of the self-management hassle - but yet they don't try professional management - because that person has the DIYer mentality - that soooo common do-it-yourself mindset. OK, most people just don't take a strategic approach to real estate investing like you are by listening to this. Other reasons for people selling cash-flowing property are death, marriage, divorce, and all kinds of either joyous or tragic life milestones. If a husband-and-wife own rental properties but running & managing them was kind of the husband's thing & the husband dies … the wife doesn't know how to run the properties & she's likely to sell rather than hire a Property Manager. People may sell their cash-flowing property in case of all kinds of emergencies - medical and otherwise - because they may need a quick lump of cash - instead of the steady stream of cash flow over time that just won't work for them in their new situation. OK, most of those situations involve some sort of external life change for property sellers - a lot of them tragic. Well - here's a personal one for you... A few years ago, I sold two cash-flowing apartment buildings at the same time - well, those sales actually closed on consecutive days - so nearly the same time. Both of those cash-flowing apartment buildings that I sold were 100% occupied with tenants, I had competent management in place, and there were no deferred maintenance issues with the buildings. You want to know my reason for selling two nice golden apartment gooses that were seasoned and steadily laying some nice golden eggs? OK...can you guess why? Alright, fortunately I didn't have any distress or emergency in my life. ...oh, and also, I wanted to sell them fast too, I couldn't let these two cash-flowing apartment buildings linger on the market for a while. I really wanted to get rid of them. I had no distress like those situations I mentioned earlier. So can you guess why I wanted to sell these long-producing golden gooses in a good job growth market that produced nice cash flow, nice golden eggs? I'll tell you why. That's because I knew I could 1031 Exchange those two gooses for two even larger gooses. Now I won't get into the 1031 here on a beginner episode. But I replaced the two smaller apartment buildings with two larger apartment buildings that would produce even larger eggs if I did it with a quick timeline - and I could defer any tax on my profitable gain. I found - I guess - two very fertile egg producers that were going to produce even more cash flow over time. So...I think you get the message here. To the buyers of my smaller apartment buildings, I appeared as a very motivated seller of cash-flowing property, even though I had no external stress in my life. It was due to internal reasons that I wanted to sell...and it's the internal drive to expand my income. No shrinking thinking here at Get Rich Education. We are growing our means. Now, when you've found a cash-flowing property that you want to buy, should you make a lowball offer to a turnkey provider? My definition of lowball here, is, a 10% discount. We'll say, that a provider is offering a property for $120,000 - then you'd make the offer for 10% less, which is $108,000. That's a lowball. My answer is ... No. That's not going to work. In almost every instance, that's too much of a discount and it's going to eat their margin too much. Depending on how it's presented, a seller might even be less motivated to work with you if they get a lowball offer. This company has a business to run and with a turnkey property, you're typically paying for the convenience. You leveraged their systems of them delivering this product to you that's already renovated, rehabilitated, tenanted, and under management. Now, can you can knock off $1K-$2K? And say, offer the seller then - $118K or $119K for the $120,000 property. Yeah, that might work. It sure wouldn't be deemed some unreasonable request. But it's good to at least provide a reason - some rationale - in asking for the discount. Let me give you some perspective on this negotiation too. For every $1,000 less in a mortgage loan that you take out, how much do you think that saves you in a monthly payment? Did you ever figure out how much that saves you? Well, at a 5% interest rate on a 30-year loan, reducing your mortgage loan amount by $1,000 saves you … $5. Five bucks in a reduced payment. For more perspective, keep in mind too, that once the seller accepts your offer - it's only the first part of the negotiation. Later, it's a negotiation with the inspection. We'll discuss how to navigate THAT shortly. I'm Keith Weinhold. You're listening to the Audio Beginner's Guide to Real Estate Investing, here on Get Rich Education. ________________ ***AD RESOURCES*** ________________ Welcome back to GRE Podcast 433. This is your Audio Beginner's Guide to Real Estate Investing. I'm your host, Keith Weinhold and we're talking about buying an income-producing property, especially… …a TURNKEY property - which just means that it's already renovated, tenanted, and under management with a tenant on the day that you buy it. Now, once your offer is accepted by the seller, I want to give you - really just a brief outline of what to expect next. This isn't intended to give you every step in exhaustive detail, but this is generally what comes next for United States real estate purchases, and custom varies somewhat from state-to-state. So with that in mind, once the turnkey provider or seller accepts your purchase offer... You need to send in your earnest money. Earnest money is not the down payment. It's a smaller amount that shows good faith that you're serious about your offer. It's often an amount of $5,000 or less and it shows the seller that you're serious enough about buying the property that the seller has the confidence to take their property OFF the market and not show it to anyone else. The seller should give you instructions on how to place your Earnest Money. Now remember, your earnest money deposit is not going directly TO the seller, it is going to a third-party escrow account, and it is refundable to you in accordance with the terms of the contract that you signed. Your contract should have an estimated closing date in there. I want to emphasize that the key word there is “estimated”. While it is important that all parties work towards closing by this date, between you and me - let's just be realistic - the reality is that many transactions get delayed beyond the closing date in the contract for a variety of reasons on the seller side, sometimes having to do with construction or renovation delays. If this happens, it is nothing to be worried about, just remain in touch with the seller and you can simply sign a contract extension if needed when the time comes. As you are financing your property, be sure to keep getting your lender anything that they ask you for up so that they can keep processing your loan. As your closing gets near, they will probably ask you for some updated information and have some final stipulations from the underwriter, so just remain in close touch with your lender and try to provide them what they need as swiftly as you can. During most of this time where you're under contract & even before you're in-contract to buy the property, most of your relationship with your lender and seller is just sitting around, waiting for the next stage. Some days, frankly you're thinking, “When will they reply to my e-mail?” OK, sometimes, RE moves slower than glaciers. Once construction/renovation is completed on your property, I suggest that you order a professional third-party home inspection before closing. As the buyer, this is at your expense, but the home inspection is cheap insurance for you and it is an important part of your due diligence. It might cost you about $300-$500 for a single-family turnkey income property. A four-plex inspection might cost up toward $800 or $1,000. When seeking an inspector - seek ASHI certification - that is American Society of Home Inspectors. You're looking for an inspector with a good reputation, licensed and bonded. It is good to look for a level of experience as well. The choice is really yours as the Buyer. Your inspector points out deficiencies in what I'll break into a few categories. #1 is Major concerns – these are significantly defective, safety issues that require immediate repair. Often times, those things absolutely MUST be done in order for your lender to even finance the property so the seller is going to do those things for you. That might be something like adding a railing to a porch. The second category are recommended repairs – So they're recommended but not required. That might be adding some extra insulation in the attic. The third category is “well, it would be NICE if it were done” - like a kitchen cabinet door that's a little loose and doesn't close snugly. When you get your home inspection report back because the inspector has compiled their findings, the key to remember is that the inspector will ALWAYS return a (usually long) list of items that they recommend be corrected prior to closing. Now, this even happens on new construction, so expect some findings. I swear, even on a perfect, unblemished home it seems like the inspector would say that the bushes have to be trimmed or something. Ha! And remember, you are not closing on the property in the condition it was inspected. Rather, the inspection is just part of the process on the path to getting the property up to its final condition. Then you and the seller agree on what will be fixed (at the SELLER'S expense (not your expense), and verified to your satisfaction), prior to closing. The seller is anticipating that they will need to make some final repairs (at their own expense) after they get the inspection repair request from you - that your inspector just compiled for you. This is all part of the normal process. Of course, you can get in a car or hop on a plane and visit the turnkey property yourself and walk the property with your inspector, but I'd say fewer than 10% of turnkey buyers do this. I have never done this on an out-of-state property. But going to see the property in person is never a BAD idea. Today, it's easier than ever for an inspector or provider to e-mail you a property video. The report that you get from your Home Inspector after he visited the home will have lots of photos and details. Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage. You are protected. Once the seller makes any needed repairs that the third-party inspector found, I suggest having a re-inspection done by that same inspector. This gives you the chance to confirm that any agreed-upon repairs have indeed been made. You might spend another $100+ on this re-inspection. Now, if the original inspection showed that a leaky faucet needed to be replaced, and the seller said they'd do it, and the re-inspection finds that that work wasn't done as promised, then any FURTHER re-inspection costs are often a cost borne by the seller. Which seems pretty fair - they said they'd do work - and the re-inspection that you paid for confirmed that it hadn't been done in this case. Now, back to the negotiation. If you asked for a reduced Purchase Price, that could lean away from you asking for too much in the inspection. How do I like to play it? Often times, I make a full price offer for the property - and I might even let the seller know at that time that I'd like to give you your price - it's a full $120,000 in this case - and since you got your price, I'd like my terms. My terms are - that I'm more bold in what I request the seller to do from the inspection findings. Maybe I will ask them to add that extra insulation in the attic as one of those “Recommended buy not Required For Financing” items - or replace a window pane that had condensation inside it. Then, what's my justification for asking the seller for that. It's that I'm paying your full price. Again, financing an extra $1,000 only costs me $5 per month. Now, let's talk about the property appraisal. The appraisal is a tool that the bank uses to verify the quality of their collateral. Because in your loan paperwork, at closing, the bank will basically tell you that if you don't make your monthly payments, you'll be foreclosed upon and the bank will take back the property - that's their collateral. So they want to make sure that the property seems to be worth as much or more than you're in contract for - this $120,000 in our example. Your lender is the one that orders the property appraisal, not you. In about 90% of U.S. states, you as the buyer pay for the appraisal. It costs about $500. The appraiser is a member of a third-party company and is not directly associated with the lender. It wasn't always that way. In fact, one factor that led to the housing downturn of 2007 in the Great Recession is that some lenders & appraisers were “in cahoots”. Haha! That can't happen anymore. BTW, the appraisal and some of these other steps are all part of your closing costs. All part of that … about 4% of the property purchase price. The appraisal is typically done by a certified appraiser physically visiting the home - and these people always seemingly have a tape measure with them. The appraiser checks out the premises and their job is to use market comparables to make sure that the lender has adequate collateral in case you, the borrower, default. OK, the bank doesn't want to lend out more than the property is worth or else they could find themselves underwater if the borrower defaults. The appraisal protects against this. And don't confuse this appraisal with an assessment. An assessment is something that a county or municipality uses the measure the amount of property taxes that are paid. It's really unrelated to this appraisal. One interesting thing that's related to the appraisal and the bank giving you the loan for 80% of the property is that the lender NEVER requires that you see the property in person. Think about what that means. The bank never requires you to see the property in-person, yet they're willing to loan you up to 80% of the value. Even the bank knows that it's not important for you to personally see the property - something that they're willing to put their money behind. Now, when it comes to finding properties and markets and teams, our listeners & followers encouraged us to set up a marketplace for them for finding the properties. We've done that for you at GREmarketplace.com. And knowing that Property Management is the glue that makes your property stick together, we - and it's Aundrea here at GRE that does it - where you find your properties at GRE Marketplace, Aundrea also interviews the property manage in each market for you so that you can get a good feel and vibe about them. Most any provider is happy to do a PM Zoom chat or phone call with you too. Now, just because a property is branded “turnkey” by a company, doesn't mean that you can dismiss doing your due diligence. Turnkey can be a great system, but there's nothing magical about that word alone. Don't overlook developing a good feeling about your Property Manager, because this is the one long-term relationship that you expect to have. I just can't emphasize that enough. Your Manager is one of your key team members. They'll tell you the character of the current tenant that's currently in the home. Find out how the manager is going to pay you. Feel them out, know what your communication flow is going to be like. If they're part of the same turnkey company, a good manager should also connect you with whoever renovated your turnkey property in case you have some questions for them. Now, notice that I haven't mentioned a real estate agent. Most turnkey providers work in a direct model so that you don't have to go through agents. That's one way that GRE Marketplace providers keep the price down for you. You must sign a written Management Agreement with your Property Manager. What the MA does is that it gives the manager the authority to manage your property for you, manage tenant relations for you, the MA will state their fees, and you'll have your contact information in that agreement. There are typically two fees - a leasing fee and a management fee. A leasing fee is where you'll spend ½ month's rent to one month's rent amount when the Manager screens a new tenant. So hopefully that only happens every 1 or 2 or even 5 years if you're lucky. Yes, you can typically approve or reject their selected prospective tenant. You are going to be the owner of the property afterall. A management fee is often 8-10% of one month's rent income - and that's what you pay monthly - ongoing. You can sign a Management Agreement with the property provider if they have management integrated in-house. If not, you can lean on your provider for some management recommendations. Now, there's one blank to fill in on your Management Agreement - it's a dollar amount up to which the manager can pay for expenses that come up - against your account - without contacting you. For example, if the number $500 is written in there, that means that if a maintenance or repair expense on your property exceeds $500, they must contact you prior to incurring that expense. You get to choose that dollar limit. As a beginning real estate investor, go with a lower figure. Then as you get comfortable or you don't want to be bothered about the property as much, you can increase that dollar limit in which they need to contract you about approving maintenance or repairs. Basically, if there's something that has to do with the property & you don't want to deal with it, then make sure it's written in the Management Agreement that the manager will perform it. Typically, it's going to say that the manager will collect rent, handle tenant relations, respond to repair requests, send you the rent, keep your ledger of income & expenses on the property, post legal notices if a tenant is paying the rent late, and sooo many other associated duties that I personally don't want to deal with. Hey, I just want to live my life & keep this investment nearly passive. Get that Management Agreement done - fully executed - signed by both you & the Manager BEFORE you close on the property. Before you close, you can buy property insurance from any provider you choose. Your turnkey provider is often happy to recommend some providers that their other clients have used in this market, or you can just Google and find your own. Be sure to let the insurance provider know that this is a rental property (not a primary residence where you live and not a second home). Most turnkey buyers purchase both hazard and liability insurance as part of their policy. Like any other insurance policy, you will have choices about deductibles & monthly payments, and coverage amounts. If you are financing your property, your lender will most likely be able to combine your property taxes and insurance into your monthly payment, so you have one monthly payment for principal, interest, taxes and insurance (PITI) … much like you would on your primary residence. The financing process typically takes about 30 days from the time you submit your EM. Remember that YOU are a factor in how fast your property closes. If that lender needs another document, give it to them pretty promptly. When you've finalized your due diligence, and verified that the seller has made all the agreed upon repairs from the home inspection report, you will be ready to close. You likely live in a different state than the property and will close remotely. The title company (or its a closing attorney in some states) will prepare your closing documents - including your loan docs... ...and can arrange for a mobile notary to meet you with the docs wherever you choose (your home, your office, your local coffee shop, etc.) so you can sign the docs in front of a notary who will then overnight the docs back to the Title Company so the transaction can fund. Yep, you can do the ink-and-paper thing with a mobile notary at your local Starbucks. Your lender will arrange for a title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house that you are buying. That's part of what they do for you. It may seem like the closing process is a lot of work, but you'll really spend most of the time waiting. Most of the time, you'll just be sitting on your hands, waiting for someone else involved in the transaction to come through. So find something enjoyable to occupy your time and distract you while you wait, and feel secure in the knowledge that you've done your research and know how to make your closing process go smoothly. When you complete that closing with the mobile notary - I've done these closings at my home's dining room table, or even in my employer's conference room back when I used to have a day job - then, hey! You need to congratulate yourself on adding another income property to your portfolio. You know, the good news is that of all of these stages we've discussed - the longest stage of them all is your ownership of the property. You Own & Collect the cash flow. And hey, this isn't reason enough alone - but it's kinda cool that you own property in TN and FL and IN. You own part of each one of those states. You're like a property collector! And with each new turnkey property you buy, you might have just increased your mostly passive cash flow by $211 per month or $118 per month or whatever it is. If you can swing it, it can be more efficient timewise for you to buy more than one property at a time. As you buy more income properties, it not only gets easier because you know the process, but you often get quantity discounts. For example, a management company might charge you a 9% management fee on your first three properties, but once you own four or more, they might charge you 8% on all four rather than 9%. Insurance companies often have similar discounts for you….so you may very well get a little more profitable as you buy more property. I've been actively investing in real estate since 2002 and just within the steps of ACQUIRING a property, like I carefully discussed today, some incremental half-step will come up in the process that I haven't mentioned here - like signing a Lead Paint Disclosure Form. So, you don't need to commit all of this stuff to memory. Now, something that novice real estate investors say sometimes is something like: “I would only buy an income property that I would live in myself.” I contend that that is an awful criterion upon which to found strategic fundamentals on purchasing an income property. Once one filters property that way, they have let their emotions trump facts. If the fact that a clean, safe, affordable, and functional property has a good occupancy rate in a sound employment market, decent ENOUGH neighborhood, and the numbers make sense - that's more important. OK, you aren't living there yourself so it's not a sound criterion. Shoot, if I moved into any income property that I own, my lifestyle would take a substantial hit. Yet I'm not a slumlord - I provide housing that's clean, safe, affordable and functional. But they're not replete with fantastic amenities, it does not have Corinthian architecture with alabaster columns - OK - but I know there's a demographic for my rental property type that demands this responsible-but-no-frills housing over time. It's about asking yourself a better question, like, “Will this property secure an income stream?” Alright, would you rather have your property look “cute as a button” - or secure an income stream? I went deep on that topic just three weeks ago here on the show. OK, we're investors here. Some think that in today's electronic age, you should be able to complete a property purchase from the time you write an offer until you close on a property in the same-day. Well, that's certainly not true. As you witnessed, physical things need to take place because you're buying a real, physical asset. We've been talking today about how you buy an income property - just simply that - especially as it pertains to buying an out-of-state turnkey income property - from the time that you get a property under contract and submit the earnest money to escrow all the way to closing. ...because that's how to generate passive income, which in turn, creates a rich life for you. Again, this isn't an all-encompassing guide today with EVERY little detail. But we've hit the major milestones in the process & more. You've got a good general guide on the income property-buying structure. You might have learned something about prioritization - perhaps LLCs matter less than you thought and a communicative Property Manager matters more than you thought. Today's show has the type of content that will be about as relevant 5 years from now as it does today. Now, today is also evidence that real estate does not have the liquidity that some other investments do. It takes longer to get in & get out. However, that low liquidity actually contributes to relative price stability in real estate. OK, there's no panic selling in real estate. Maybe the most important thing for you to keep in mind is that... You cannot make any money from the property that you don't own. Your future depends on what you do today. To “know” something and not “do” something is to really not know something. The most important thing you can do is act...because you cannot make any money from the property that you don't own. But if you're new to real estate investing & know that you need to “Start small but think big”, otherwise, all this knowledge really won't move the meter in helping you live an amazing life like RE can, in the past 1-2 years, we hired an in-house coach, who is completely free for you to use. If you're still a little unsure or want some guidance, lean on our trusted source, Naresh at GREmarketplace.com/Coach He is an expert at helping you along - totally free to you - again at GetRichEducation.com/Coach It's almost hard to express how much value this gives you & makes it easy. I wish something like this existed when I started out. There would be nothing worse than for me to share today's knowledge with you - then not let you know where to go to act upon that knowledge. So if you're ready to get started - connect directly with market & properties at our Marketplace - at GREmarketplace.com For a little more help, personal and one-on-one with our experienced in-house coach, start at GREmarketplace.com/Coach Both resources are free It's been my pleasure to bring you your Beginner's Real Estate Investing Audio Guide today. Next week, I we'll discuss one particular geographic market that we never have before - and you probably never thought we would. For properties, start at GREmarketplace.com For coaching, GREmarketplace.com/Coach Until next week, I'm your host, Keith Weinhold. Don't Quit Your Daydream!
Discover why new credit score rules will allow more people to qualify for mortgages. The new scoring models for FICO scores may allow 10 million more people to qualify. My newest book is here! These bonuses are available when you buy my book, 3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies on Amazon, here. AUDIOBOOK IS NOW AVAILABLE My audiobook of "3 Steps to Quantum Wealth" is now available! Get it on Amazon here: https://amzn.to/3c7lma8 As a thank you for buying the book or audiobook on Amazon, you will receive a: Set of 4 Wealthy Mindset Blueprint audio recordings to help you create a wealthy mindset ($197 value) Webinar with Linda called “Financial Freedom by Investing in Cryptocurrencies” ($1,500 value) On the webinar you will learn: -The wealth building potential of the 8 cryptocurrencies mentioned in the book -Why they will experience exponential growth -Strategies for accumulation The link to the book bonus page is here. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with ticker symbols and % to invest -Monthly investing webinars with Linda -Private Facebook group with daily insights -Weekly stock market commentary email -Lifetime access -US and foreign investors, no minimum $ amount required Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50" at checkout. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here. PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here. PLEASE LEAVE A BOOK REVIEW Leave a book review on Amazon here. Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. WANT TO BUY STOCK PRE-IPO? For Accredited Investors, invest in businesses before they go public. Sign up and receive a $250 investing credit from Linqto, click here. If you are watching this on YouTube, you will need to copy and paste this into your browser: https://www.linqto.com/signup?r=e9tdhbl49v Need to find out how to get Accredited? Listen to my podcast. TODAY'S SPONSOR Get Think and Grow Rich or another book on Amazon from my recommended financial books list, and be sure to get started checking off the books you have read. Be Wealthy & Smart, is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor™. Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
➤ Understanding all of the latest news on Elon Musk's possible acquisition of Twitter ➤ Tesla, other electric vehicles likely to be granted access to huge renewable energy credit market ➤ More information on credits: https://youtu.be/5q2OO7YgKVA ➤ Tesla pushes new FSD Beta update ➤ Mizuho lowers TSLA price target ➤ Ford raises F-150 Lightning prices again ➤ Musk interviewed about X Prize: https://www.diamandis.com/podcast/elon Shareloft: https://www.shareloft.com Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 #Tesla #TSLA #Investing Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives
Miles to Go - Travel Tips, News & Reviews You Can't Afford to Miss!
After we catch up on the final week of Richard's Hawaii trip you'll hear a whole bunch of Bilt dings! Bilt announced a new ongoing promotion where Bilt Rewards members who hold their credit card can earn double points on the first day of the month on all non-rent spend. What's really unique is that Bilt is also doubling all the bonus categories. That means 6 points per dollar on dining, 4 points on travel and 2 points on everything else. Meanwhile, Marriott has a number of changes to their credit card profile. Pretty much all of them are confusing. We're breaking down the changes and, as always, offering our opinions. We're also still holding our giveaway for free lifetime Flighty membership. Check out last week's episode for details. You can enter to win both memberships, so be sure to check out our second giveaway as well. Lastly, we catch up with Richard in Hawaii after his Aulani stay. Did he love it? Did he hate it? I listened to him describe it and I'm still not entirely sure. We'll get back to your listener questions next week, I promise! Don't forget that you can leave us a voicemail or text us at (571) 293-6659. Listen for your question on a future show! Shoot us an e-mail (ed@pizzainmotion.com) or you can tweet me and Richard if you have questions. And, you can also find me on Twitter, Facebook or Instagram and ask your question there. If you enjoy the podcast, I hope you'll take a moment to leave us a rating. That helps us grow our audience! Hope you enjoy the show!
From small town gun stores to the halls of Congress, the complaints and questions are growing over new rules adopted by credit card companies that could lead to a back-door gun registry.
➤ Understanding the Renewable Fuel Standard, RIN credits, and how this multibillion dollar market could change the trajectory of the auto and energy industries in the United States ➤ China reportedly considers EV incentive extensions ➤ Tesla and PG&E begin offering compensation for virtual power plant in California ➤ More news on Texas-made Model Y vehicles ➤ Toyota recalls new EV ➤ Cruise begins paid autonomous rides Shareloft: https://www.shareloft.com Twitter: https://www.twitter.com/teslapodcast Patreon: https://www.patreon.com/tesladailypodcast Tesla Referral: https://ts.la/robert47283 Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock & derivatives
It's time for a Friday Flight! These episodes are all about the week's financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to continue to make smart money moves. In this episode we cover some relevant and helpful stories like: unavoidable inflation hitting 41 year highs, why gas prices are slow to recede, the best affordable unlimited wireless plan, whether it's frugal or cheap to bring your own concessions, crypto psychopaths, college enrollment is down, why degrees might be for dummies, states offering free college, & the best new credit card perk for investors. And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend! Best friends out! See omnystudio.com/listener for privacy information.
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