Episodios
  • 2880: Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire by Steve Chen of New Retirement

    2880: Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire by Steve Chen of New Retirement
    Sep 27 2024
    Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2880: Steve Chen explores how reverse mortgages can serve as a financial "spare tire" for retirees facing unexpected challenges. By tapping into home equity, retirees can maintain their lifestyle during downturns or emergencies, though it’s crucial to understand the complexities and potential risks before making this significant decision. Read along with the original article(s) here: https://www.newretirement.com/retirement/reverse-mortgage-as-back-up-plan/ Quotes to ponder: "A reverse mortgage allows homeowners aged 62 and older to convert a portion of their home equity into funds that they may use at their own discretion." "For many retirees, their home is a valuable source of net worth." "The HECM line of credit has a growth feature, which means that the unused loan balance grows over time." Episode references: National Reverse Mortgage Lenders Association: https://www.nrmlaonline.org/ The Reality of the Retirement Crisis: https://www.americanprogress.org/article/the-reality-of-the-retirement-crisis/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    14 m
  • 2879: [Part 2] How to Rebuild your Credit (Using Credit Cards WISELY) by Ramit Sethi on Money Advice

    2879: [Part 2] How to Rebuild your Credit (Using Credit Cards WISELY) by Ramit Sethi on Money Advice
    Sep 26 2024
    Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2879: Ramit Sethi shares actionable strategies to rebuild your credit, emphasizing the importance of negotiating a lower APR, maintaining long-term credit card accounts, and responsibly increasing your credit limit. He also provides guidance on selecting the right credit card, especially for those starting with bad credit or no credit history, to help you progress towards better financial health. Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/credit-cards-to-rebuild-credit/ Quotes to ponder: "To avoid having your account shut down, set up an automatic payment on any card that is not your primary card." "Lower is preferred because lenders don’t want you regularly spending all the money you have available through credit." "Fees are only going to slow you down at this stage." Episode references: I Will Teach You to Be Rich by Ramit Sethi: https://www.amazon.com/Will-Teach-You-Rich-Second/dp/1523505745 Learn more about your ad choices. Visit megaphone.fm/adchoices
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    15 m
  • 2878: [Part 1] How to Rebuild your Credit (Using Credit Cards WISELY) by Ramit Sethi on Financial Planning

    2878: [Part 1] How to Rebuild your Credit (Using Credit Cards WISELY) by Ramit Sethi on Financial Planning
    Sep 25 2024
    Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2878: Ramit Sethi breaks down the key strategies to rebuild your credit by leveraging credit cards responsibly. He emphasizes avoiding impulsive decisions like accepting unsolicited credit card offers, choosing the right card for your needs, and the critical importance of paying your bills on time. With practical advice, Sethi highlights how to maximize rewards and minimize fees to improve your credit score and overall financial health. Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/credit-cards-to-rebuild-credit/ Quotes to ponder: "Taking a credit card offer you get in the mail is like marrying the first person who touches your arm." "If you can avoid the unreasonable fees and tricks, credit cards offer exceptional benefits." "The single most important thing you can do to improve your credit is to pay your bills on time." Episode references: Bankrate: https://www.bankrate.com Fair Isaac Corporation: https://www.fico.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    16 m

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