MONDAY MONEY TIP PODCAST: Social Security

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Another episode of the Monday Money Tip Podcast is LIVE! In today’s episode, we’re answering the question: “What should people know about Social Security, and how will it affect them?” Find out if you know the facts and what you should be doing today to prepare for the future. In our Current Money Events segment, I’m updating you on interest rates to help you stay up-to-date. Also, hear a success story from a couple who’s allowing their dreams to help them stay on track when it comes to budgeting.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

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About the Episode:

  • We answer the question: “What should I know about Social Security, and how will it affect me?”  

  • In our Current Money Events segment, Joe shares the latest on interest rates.

  • Hear a success story from a couple who’s allowing their dreams to help them stay on track when it comes to budgeting.

Resources:
The United States Social Security Administration
IWBNIN - Online Banking
IWBNIN Ladder

Quote of the Day: “Don’t count on Social Security as your sole source of income during retirement.”

MONDAY MONEY TIP PODCAST: The U.S. National Debt

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Another episode of the Monday Money Tip Podcast is LIVE! In today’s episode, we’re talking about the U.S. National Debt. Over the years, this debt has continued to increase. Today, we’re discussing what we can do to begin to lower this number. In our Current Money Events segment of the podcast, we’ll discuss personal debt. In addition, we will share a success story from an individual who is now debt free, including their mortgage!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
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Spotify
Website
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About the Episode:

  • Today, we’re discussing the US National Debt and how we can begin to lower this increasing debt.  

  • In our Current Money Events segment, we will discuss personal debt. 

  • Hear a success story from an individual who is now debt free, including their mortgage!

Resources:
US Debt Clock
Household Debt

Quote of the Day: “We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.” – Ronald Reagan

MONDAY MONEY TIP PODCAST: Top Money Questions - May 2019

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Welcome back to another episode of the Monday Money Tip Podcast! It’s the last Monday of May so today we’re going to answer all of your top money questions from this month! Questions today will range from financial aid to home equity lines of credit to repossession. We will also give a Memorial Day tribute in our Current Money Events segment of the podcast. Also, we will share a success story from an individual who was able to put her money on a mission by using a budget.

About the Episode: 

  • Today we’re answering your top money questions from May. Questions today range from financial aid to repossession.

  • In our Current Money Events segment, we will discuss something far greater than “money” - for today is Memorial Day!

  • Hear a success story from an individual who was able to put her money on a mission with a budget.

  • Learn about a home equity line of credit and why you should approach with caution.

Resources
IWBNIN Free Budget Tools
Episode 44
Annual Credit Report


Quote of the Day: “I stopped being broke long before my bank account showed it.” - Joe Sangl


Email info@iwbnin.com to ask questions or share success stories.

MONDAY MONEY TIP PODCAST: Summer + Money

Welcome back to another episode of the Monday Money Tip Podcast! We know that summer is an unpredictable time period for many people so today on the podcast, we want to share some ways on how you can keep your finances consistent! We will also discuss real estate in our Current Money Events portion of the podcast. Finally, we will share a success story from an individual who was able to get on the same page as her spouse and keep from having fights about money.

About the Episode: 

  • We will share our thoughts on the current real estate market in our Current Money Events segment.

  • Hear a success story from an individual who was able to get on the same page with her spouse and keep from fighting about money.

  • Learn how to keep your finances predictable even during unpredictable times.

Resources
0% Balance Transfer Credit Cards
CNBC Real Estate Article
CNBC Loan Rates Video
CNBC Housing Article
Realtor.com
IWBNIN Ladder
100 Summer Activities
Known, Upcoming Non-Monthly Expense Calculator


Quote of the Day: “Planned money accomplishes more than unplanned money.” - Joe Sangl


Email info@iwbnin.com to ask questions or share success stories

MONDAY MONEY TIP PODCAST: Graduation - Now What?

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Welcome back to another episode of the Monday Money Tip Podcast! Graduation is just around the corner for many high school and college seniors and they will start to enter the workforce. Today on the podcast, we will discuss some tips on how these individuals can more easily navigate this new season of life. In our Current Money Events segment, we will discuss the history of the stock market. Lastly, we will share a success story from an individual who was able to see positive changes in her finances after attending one of our live speaking events. 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
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Website
YouTube

About the Episode:

  • Get an all new stock market update in our Current Money Events portion of the podcast. 

  • Our success story today comes from an individual who attended a Financial Learning Experience and has already experienced a positive change in her finances. 

  • We will share some tips for those graduating high school and college and starting their first jobs. 

  • Learn how much you can save year over year simply by packing your lunch. 

Resources:
IWBNIN Saving and Investing Tools
Dow Jones
NASDAQ
New York Stock Exchange
See Our Team Live
IWBNIN Ladder
Investing Calculator

Quote of the Day: “You never have to recover from a great start!” – Ken Friar

MONDAY MONEY TIP PODCAST: How to Pay For College

Episode 44 of the Monday Money Tip Podcast is LIVE! We are joined by guest co-host Jenn Sangl today to discuss college and money and share some ways to pay for higher education. In our Current Money Events portion of the podcast, we will discuss 529 plans and the average amount saved by age group. Finally, we will share a success story from an individual who is on track to pay off debt fourteen months early! 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
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Stitcher
Spotify
Website
YouTube

About the Episode:

  • Today, we will be sharing some different strategies on how to pay for higher education. 

  • Our Current Money Events portion of the podcast will focus on the average amount saved in 529 plans by age group. 

  • Hear a success story from an individual who is on track to pay off her debt 14 months early! 

  • We will share our recommendation for a 529 plan. 

Resources:
IWBNIN Next Steps: Banking
529 Plan Article
College Savings Calculator
IWBNIN Ladder
Joe’s Current Investments
Registered Educational Savings Plan
IWBNIN Debt Tools
Joe Sangl’s 529 List
Early Payoff Calculator

Quote of the Day: “Work never killed nobody.” – Joe Sang

MONDAY MONEY TIP PODCAST: Top Money Questions - April 2019

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Welcome back to another episode of the Monday Money Tip Podcast! It’s the last Monday of April so we’re answering the top money questions from our listeners from this month. Today’s questions will range from car loan interest to debt consolidation loans. We will also discuss unemployment rates during our Current Money Events portion of the podcast. Lastly, we will share a success story from a couple who was able to lower their cable bill and mortgage interest rate!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • It’s the last Monday of April! We’re going to answer your top money questions from this month. Today’s questions range from interest on car loans to being laid off to debt consolidation loans.

  • Hear about current unemployment rates in our Current Money Events portion of the podcast.

  • We will share a success story from a couple who was able to lower their cable bill and mortgage interest rate to free up cash for high-interest debt.

  • Learn the difference between term and whole life insurance and which is better for you.

Resources:

IWBNIN Free Tools
Bureau of Labor Statistics
Unemployment Rate Article
IWBNIN Book
Episode 14
Episode 15
Oxen Book
IWBNIN Ladder
Voya Retirement Calculator
Fidelity Retirement Calculator
IWBNIN Retirement Nest-Egg Calculator

MONDAY MONEY TIP PODCAST: Spring Clean Your Money

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Episode 42 of the Monday Money Tip Podcast is LIVE! This week, we are going to discuss some different ways that you can “spring clean” your finances and even eliminate some expenses in time for summer. In our Current Money Events portion of the podcast, we will revisit some ways that you can have a debt-free vacation this year! Finally, we will share a success story from an individual who recently attended one of our live speaking events and paid off his car!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • We will discuss how to have a debt-free vacation in our Current Money Events segment.

  • Hear a success story from an individual who attended one of our live events and has since paid off his car and saved a months worth of his salary.

  • We will explain some different ways to “spring clean” your finances this season.

  • Learn how to let go of some unnecessary expenses in time for summer.

Resources:

IWBNIN Next Steps: Insurance
Mini-Budget Tool
IWBNIN Ladder
8 Tips to Spring Clean Your Finances Article
8 Tips to Spring Clean Your Finances Article 2

Quote of the Day: “Have nothing in your house that you do not know to be useful, or believe to be beautiful.” - William Morris

MONDAY MONEY TIP PODCAST: Tax Issues You Should Know

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Today is tax day in the United States! On today’s episode of the Monday Money Tip Podcast, we want to share the top two or three things that you should pay attention to in regards to your taxes this year. We will discuss historical growth in the stock market in our Current Money Events portion of the podcast. Lastly, we will share a very special success story from a group of individuals who participated in our group study and was able to save over $10,000 and pay off over $14,000 in debt!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • In our Current Money Events segment, we will discuss historical growth in the stock market.

  • Hear a success story from a group that participated in our small group study and saved over $10,000 and paid off over $14,000 in debt.

  • We will share the top two or three things that you should pay attention to when it comes to taxes.

Resources:

IWBNIN Debt Calculators
Compound Annual Growth Calculator
IWBNIN Group Study
Paycheck City Calculator


Quote of the Day: “The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” - Will Rogers

MONDAY MONEY TIP PODCAST: Money Inspiration

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Another episode of the Monday Money Tip Podcast is LIVE! We know that money is not just a moment, it’s a journey. Along the way it can be very easy to get discouraged and want to give up. Today we want to share different ways that you can stay inspired on your money journey! We will discuss current mortgage, saving and CD rates in our Current Money Events segment and share a success story from an individual who got a renewed perspective on budgeting.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • We will give you a quarterly update on current mortgage, saving and CD rates.

  • Hear a success story from an individual who got a renewed perspective on budgeting and a kick-start on her financial freedom journey.

  • Learn ways to stay inspired while on your money journey.

  • We will explain the importance of calculating your net worth at least annually.

Resources:

0% Balance Transfer Credit Card
IWBNIN Next Steps: Banking
IWBNIN Ladder
Debt Snowball Video
Net Worth Calculator

Quote of the Day: “When you convert ''inspiration” into “action”, you position yourself to prosper!” - Joe Sang

MONDAY MONEY TIP PODCAST: "Fool"ish Money Mistakes

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Another episode of the Monday Money Tip Podcast is LIVE! In honor of April Fool’s Day, we will be sharing some of the most FOOLISH money mistakes that people can make. We will share some right now relevant information about taxes in our Current Money Events segment of the podcast as April 15th is right around the corner! We also have a success story from a listener who used a 0% balance transfer credit card to gain debt relief in her money journey.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • We will talk about tax day in our Current Money Events segment.

  • Hear a success story from an individual who used a 0% balance transfer credit card for debt relief in her money journey.

  • We will share some of the most foolish money mistakes that people make.

  • Learn how an online savings account can help your money work for you.

Resources:

IWBNIN Ladder
IWBNIN Next Steps: Banking
Mini-Budget Tool
Maximize Your Tax Refund
Budget Challenge
0% Balance Transfer Credit Card
IWBNIN Next Steps: Investing
Oxen Book
Rat Cat Book





MONDAY MONEY TIP PODCAST: Top Money Questions - March 2019

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Happy Monday! Today on the Monday Money Tip Podcast we will be answering your top money questions for the month of March. Questions today will range from credit cards to emergency funds to bankruptcy. In our Current Money Events segment we will discuss the current U.S. National Debt and explain what you can do to help! Finally, we will hear a success story from an individual who got her finances in order and gained a vision for her financial future.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Get an update on the U.S. National Debt and find out how you can help reduce the deficit.

  • Hear a success story from an individual who got her priorities in order and now has a vision for her future.

  • We will be answering your top money questions from the month of March. Today’s questions range from credit cards to emergency funds to bankruptcy.

  • Learn the Rule of 72 and how it relates to the growth of your investments.

  • We will explain what dollar-cost averaging is and how it benefits you as an investor.

Resources:

IWBNIN Free Tools
IWBNIN Ladder
IWBNIN Next Steps: Banking


Quote of the Day:
“The man who asks a question is a fool for a minute, the man who does not ask is a fool for life.” - Confucius



MONDAY MONEY TIP PODCAST: Joe's Current Investments

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Welcome back to another episode of the Monday Money Tip Podcast! This week, we will discuss the stock market in our Current Money Events segment and you’ll hear the “Joe Sangl” approach when it comes to investing and the diversification of income. Lastly, we will share a success story from a listener who created financial margin in her life and even forgot it was payday!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Hear a stock market update in our Current Money Events segment.

  • We will share the “Joe Sangl” approach of how to diversify income.

  • Hear a success story from an individual who created financial margin in her life and forgot it was payday.

Resources:

IWBNIN Saving & Investing Tools
Oxen Book
Social Security Calculator
Net Worth Calculator
Charles Schwab


Quote of the Day:
“The Bible says in 2 Corinthians 9:6 that if you sow generously, you will reap generously. If you sow sparingly, you will reap sparingly. But what if you sow nothing at all? I suspect you will reap nothing!” - Joe Sangl

Change Your Mindset On Budgets

What thoughts or emotions come to mind when you think about creating a budget? Frustrating? Horrible? Painful? I’d rather go to the dentist for a root canal? This used to be my mindset on budgeting so I completely understand every negative emotion that you feel. However, when I decided to change my financial future I knew that the key to this was a budget. In order to actually create a budget and follow through with it, I had to change how I viewed a budget and I’m here to tell you that you can too.

If you want to change your mindset on budgeting you first have to realize what a budget really does. It is not meant to be restrictive or remind you that there is never enough. What a budget really does is the opposite. A budget allows you to actually decide where it wants to go instead of wondering where it went! This is HUGE! A budget gives you control. A budget allows you to manage your money and ultimately fund dreams. I don’t know about you but I would much rather fund my dreams instead of going to the dentist for a root canal.

Instead of looking at a budget as a worthless process, start to think about what a budget can do for you. Write down your dreams. Do they cost money? How are you going to get that money? A budget. Once you start looking at a budget as a way to make your dreams a reality, any negative thoughts will become a thing of the past.

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Bite-Sized Debt

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Happy Monday! Another episode of the Monday Money Tip Podcast is live and this week we will share with you how you can break down your debt into bite sized pieces. We will give you updated statistics about the average student loan payment and more in our Current Money Events segment. We will also share a success story from an individual who saved money in her budget by simply asking for a better deal.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Learn about the median and average debt payments in America.

  • Hear a success story from an individual who cut the fat in her budget by looking at things differently and not being afraid to ask for a better deal.

  • We will discuss how to make debt more manageable and create a plan of attack by breaking it down into bite-sized pieces.

Resources:

Debt Freedom Date Calculator
American Housing Survey
Average Student Loan Payment
Credit Card News Article
Credit Card Minimum Payment Calculator
Annual Credit Report
0% Balance Transfer Credit Card
I Was Broke. Now I’m Not. Book
Debt Snowball YouTube Video
IWBNIN Ladder
Debt Pay-Off Spectaculars


Quote of the Day:
“Persistence is essential to accomplishment.”





401(k)'s Explained

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I’m sure by this point you know it is very important to save into a retirement account so that at one point you can stop working. But this can be confusing to navigate when you are unsure of what the different accounts are and how they work. The numbers and letters are thrown around so often it can be easy to feel like you should just KNOW what everything means. But what exactly is a 401(k)? 

Simply put, a 401(k) is a retirement savings plan that comes from Section 401 part k of the IRS tax code. It is what is known as a “pre-tax” investment which means that generally you are able to deduct annual contributions on your taxes each year. Once the money is in the account, it grows tax-free until you withdraw the money. At that point, you will have to pay taxes on your initial investment and also any growth that has accumulated. 

If your employer has a 401(k) available for you to invest in, most times they will also offer a match up to a certain percentage. For example, some employers may match dollar for dollar up to 6%. So if you invest 6% of your paycheck into your 401(k), your employer will match that 6%. That’s FREE money! 

401(k)’s can be a fantastic vehicle to accumulate money for retirement. While it can be confusing with so many different types of accounts the key is to get started saving and never turn back! 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: 15 Words That Describe Budgeting

Happy Monday! This week on the Monday Money Tip Podcast, we’re going to discuss how you can change your mindset when it comes to budgeting. We know that the thought of a budget can create many negative thoughts and emotions so we want to share some alternative words and phrases you can use to combat those feelings. In our Current Money Events segment, we will share with you how you can “spring clean” your money to experience clarity and financial margin. Lastly, we want to share a success story from an individual who was able to prevent debt even in the midst of multiple financial emergencies. 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

How Interest Rates Work

I’m sure you have seen interest rates on a variety of different credit cards, car loans, student loans or other lines of credit. But what do these numbers mean? An interest rate is simply what you are being charged on a loan. For example, if you take out a $25,000 car loan at 5% interest, you will not only owe the original $25,000, but you will also owe an additional $1,250 in interest over the life of the loan. 

Alternatively, interest can work in your favor and tell you how much you will be paid on your money. Different savings accounts, CD’s and investment vehicles tell you exactly how much interest you will be paid by putting your money in that specific account. 

If you are looking to find out how you can get interest working in your favor, check out the list of online banks and investment vehicles that we recommend HERE on our website. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Top Money Questions – February 2019

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Welcome to Episode 34 of the Monday Money Tip Podcast! It’s the last Monday of the month, so we’re answering your top money questions. This week, our questions range from 401(k)’s to purchasing a house to how to get started investing in the stock market. During our Current Money Events portion of the podcast, we’ll give a real estate update and discuss current home prices. You’ll also hear a success story about how a budget changed one listener’s life in just one month. 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website
Youtube

Show Notes

About the Episode:

  • Joe will discuss real estate and home prices in our current money events segment. 

  • Hear how budgeting for just ONE month changed a listener’s life forever. 

  • Joe and Megan will answer your top money questions from this month. 

Resources:
IWBNIN Tools
Market Trends Article
U.S. Census Bureau
Median and Average Home Prices
IWBNIN Ladder
Social Security Administration
IWBNIN Next Steps: Investing
Investment Value Calculator
Oxen
Joe’s Blog

Quote of the Day: “The man who asks a question is a fool for a minute, the man who does not ask is a fool for life.” – Confucius

How Do Payday Loans Work?

I have two words when it comes to payday loans: RIP OFF! This type of lending is what I would classify as TRBL debt. T-R-B-L. Terrible. This type of lending is awful, and it should be illegal! So how do these loans work exactly? 

First, these businesses set themselves up in sections of town where people have little money and little education. They prey on people who are in a financial bind and offer small loans of 200 or 300 dollars and then charge exorbitant amounts of interest. I have seen some interest rates as high as 782%! 

As if paying these ridiculously high-interest rates wasn’t enough, these companies also force people to refinance these loans as often as every two weeks. This means that people are being continuously charged refinance fees on top of the crazy interest rates! Do you agree with me now? This type of lending should be illegal! 

No matter how bad you think your financial situation is, I strongly urge you, do NOT fall victim to a payday loan. This type of lending is designed to trap you into a situation that you literally cannot win! Don’t let this happen to you! 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.