Free Money
By The Free Money Podcast
Free MoneySep 16, 2019
11: Good Debt vs. Bad Debt
Debt is very hard to avoid in life and in some cases we have to take it on. On this episode we discuss the difference between good debt, like an affordable mortgage or student loans, and bad debt, credit cards and some car payments.
Email: freemoneypodcast@gmail.com
Compare average earnings for different majors with the Hamilton Project: https://www.hamiltonproject.org/charts/career_earnings_by_college_major
10: Getting Your Second Credit Card
On this episode, Jack explains to us how you want to go about finding your second credit card. He explains when the time is right to get your second credit card and how he found the right one for him. We also start a new segment called financial mistakes, where we discuss mistakes we've made in the past and how we've learned from them.
9: Building A Business From A Dorm Room with Drew Burton
On this episode, special guest Drew Burton discusses what it was like to build a successful business from his dorm room as a freshman in college. Drew also gives his advice for anyone out there who is looking to build their own business. To wrap up the show we do FFQ's (Favorite Financial Quotes) and explain why these quotes stuck out to us.
Email: thefreemoneypodcast@gmail.com
Twitter: @freemoney_pod
8: Building Equity Through Real Estate
On this episode we discuss building equity through real estate, especially rental properties. We cover what to look for in buying a home, how to find tenants, and much more. We cover all this while talking with our first ever guest, Chris Runnals, who has over 35 years of experience with real estate. A great listen for anyone interested in going into real estate in the future!
7: Finding Your Side Hustle
On this episode we discuss some great, easy side hustle options for anyone, especially college students. We talk about Dog Service apps, delivering food through Door Dash, Uber Eats (which you need to be 19), and Grub Hub, tutoring, and more. We also do our first installment of a new segment called FFQ's (Favorite Financial Quotes).
6: Using Craigslist, eBay, and Facebook MarketPlace
On this episode we discuss the benefits on shopping through Craigslist, eBay, and Facebook MarketPlace, and how to navigate these sites when it comes to what to buy and how to find the best deal.
Email us at freemoneypodcast@gmail.com
Follow us on Twitter @FreeMoney_Pod
5: Why Budgeting Is Important
In this episode we discuss why it is important to have a budget and in what ways it can benefit you. We go over the six main reasons as to why budgeting is such a helpful tool. We also dive into ways budgeting has personally helped us overcome poor spending habits and has put us on the right track for being financially successful.
Email us at freemoneypodcast@gmail.com
Follow us on twitter @freemoney_pod
4: Credit Cards Part Two (Signing Up For a Card Live)
On this episode Tyler signs up for his first credit card with help from Jack. We compare which cards are best for first time card holders and give advice on how to choose the right credit card for you.
To compare credit cards go to https://www.moneyunder30.com/
Email us: freemoneypodcast@gmail.com
Follow us on Twitter: @freemoney_pod
3: Credit Cards Part One
On this episode we break down why it is important to get a credit card and how you build credit by using one. We discuss the different ways to pay off a credit card and why some ways are better than others. A lot of cards offer a lot of benefits, such as cash back, that we also talk about, plus more information about credit cards that we believe will help you in finding the right one for you!
Email us at freemoneypodcast@gmail.com and follow us on twitter @FreeMoney_Pod
2: Saving for Retirement, 401(k)'s & IRA's
On this episode we discuss why it's important to start saving for retirement at a young age. We explain what a 401(K) is and what is the difference between an IRA and Roth IRA, how one is pre-taxed and the other is taxed deferred and what that means. We give you some projected numbers for how much you could save if you started today.
1: Getting Started, Basic Account Setups
0:00- Who we are, why we're doing this podcast, and why we care about personal finance. Meet to co-hosts of the show, Jack Saunders and Tyler Runnals. 14:20- Setting up a checking account. There are a few main thing you should focus on when deciding on which checking account you should open. Look for account that offer virtually 0 fees, especially look for accounts that ATM reimbursements, because paying for ATM fees really should no longer have to be a thing anyone as to worry about. Also you should be looking for an account tat as an easy-to-use interface, and one that you are comfortable using. 23:23- Setting up a saving account. This is the second most important account you should set up. When setting up a savings account, you should be looking for a bank that offers "high interest rates", which are around 2% - 2.5%. Secondly look for a bank that doesn't require an account minimum or any charge you any other outlandish fees. Your savings account is a good place for your "emergency fund" or to save up for any other big goals. 32:23- Wrap up. A big tip is to not open your checking and savings accounts with the same bank, just so that you are not tempted to quickly transfer money in and out of your savings account. Also having these accounts with different banks allows you to not be constantly looking at that savings account number every time you go into your checking account, resulting in you almost forgetting the money is in your savings account, and not being tempted to use it.
Email us at freemoneypodcast@gmail.com with any questions, comments or topics you'd like for us to cover!