MI Rewind: Masterclass on Personal Finance and Credit Unions w/ Rachel Podnos O’Leary and Clay Stackhouse

1:21:29
 
اشتراک گذاری
 

Manage episode 339939099 series 2539397
توسط Robert Leonard and The Investor's Podcast Network توسط Player FM و جامعه ما پیدا شده است - کپی رایت توسط ناشر، و نه متعلق به Player FM، و صدا به طور مستقیم از سرور های آنها پخش می شود.برای پیگیری به روز رسانی در Player FM دکمه اشتراک را بزنید، و یا فید URL را به دیگر برنامه های پادکست بچسبانید.

IN THIS EPISODE, YOU’LL LEARN:

Rachel Podnos O'Leary

  • 05:17 - What the key financial differences are between millennials and baby boomers and why those differences are important.
  • 09:25 - What millennials can do to overcome the economic cards they’ve been dealt with and achieve financial independence.
  • 12:31 - What the difference is between wealth and income.
  • 16:03 - What a “Personal Financial Audit” is and what Rachel’s five-step plan is to achieve true financial freedom.
  • 23:30 - Advice from a Certified Financial Planner on how to determine how much money you’ll need to live your chosen lifestyle after retirement while maintaining financial independence.
  • 23:30 - Rachel’s view on the goal of retirement and why shifting one’s mindset about retiring might be a smart decision for millennials who want to achieve financial independence.
  • 43:08 - What to tell people who are struggling to increase their savings rate.
  • 43:08 - Rachel’s top three tips for how to reduce your spend rate, especially if you don’t want to reduce your lifestyle or “miss out” on things in your younger years.
  • 47:50 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt first.
  • And much, much more!.

Clay Stackhouse

  • 54:09 - What the benefits of credit unions are over banks and what makes them different from one another.
  • 1:08:52 - What shared branching is and how it allows smaller financial institutions like local credit unions to compete with big banks like Bank of America.
  • 1:10:26 - What red flags people should look out for if they are interested in joining a credit union.
  • 1:12:56 - Who a credit union might not work well for.
  • 1:13:42 - What is unique about personal finance for military members.
  • 1:13:42 - What challenges service members face when building savings that civilians don’t necessarily deal with.
  • 1:18:37 - How credit unions can help people get started on the right foot using products such as car loans and credit cards.
  • 1:18:37 - What considerations about financial planning must be taken into account for service members.
  • 1:23:44 - Clay’s top budgeting tips and how a credit union can be used in conjunction with those tips.
  • And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

  • Get a FREE audiobook from Audible.
  • Make backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.
  • Get up to 3% Daily Cash back on everything you buy with Apple Card. Subject to credit approval. Daily cash is available via an Apple Cash card or as a statement credit. See Apple Card customer agreement for terms and conditions. Apple Cash card is issued by Green Dot Bank, Member FDIC. Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.
  • Reclaim your health and arm your immune system with convenient, daily nutrition. Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase.
  • Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.
  • Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.
  • Connect your people, your customers, and your business with Hubspot.
  • Support our free podcast by supporting our sponsors.

Connect with Rachel: Website | LinkedIn | Twitter

Connect with Clay: Website | LinkedIn | Twitter

Connect with Robert: Website | Instagram

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

409 قسمت