Becoming Money Smart in the Face of Life’s Challenges
संग्रहीत श्रृंखला ("निष्क्रिय फ़ीड" status)
When? This feed was archived on August 03, 2024 05:10 (). Last successful fetch was on February 27, 2024 01:31 ()
Why? निष्क्रिय फ़ीड status. हमारे सर्वर निरंतर अवधि के लिए एक वैध डिजिटल ऑडियो फ़ाइल फ़ीड पुनर्प्राप्त करने में असमर्थ थे।
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 321480745 series 3306506
Season 2: Episode #4
Becoming Money Smart in the Face of Life’s Challenges
Guest Name: Gary Grewal
About the Guest: Author and Founder of Financial Fives
Author of Financial Fives, Gary Grewal, shares several of his financially formative experiences, from growing up with a mother who exemplified positive financial qualities to learning from the mistakes of others (friends, neighbors, and customers at work). Because of these lessons, Gary has avoided credit card debt his entire life. That’s not to say he’s never made financial mistakes or that he wasn’t tempted to use credit cards and debt contrary to these lessons. Still, listeners will learn valuable lessons themselves from Gary’s experiences and from the advice he shares about money, credit, debt, and the power of respectful negotiations.
- Gary learned the value of a dollar from his mother and the power of negotiation and the value of investing from a mentor.
- His determination to stay out of debt sprang from a certain amount of fear based on the negative financial experiences of Gary’s neighbors and friends.
- When working at Circuit City, a customer was stunned when she was declined for the store credit card after having just got a mortgage and taken out two car loans.
- The tradeoffs between consumer debt and missed opportunities.
- The importance of doing your research before opening a credit card or store card.
- Negotiation skills are critical in our society, but a good negotiator does it from an informed and respectful perspective.
- Good negotiators see themselves as an equal to the other party, regardless of where the power lay.
- Laying out five financial priorities: know what you’re worth, know how much you bring in and spend, automate your finances, lower your cost of borrowing, and know what’s important to you.
- The principle of minimalism is all about prioritizing and intentionality.
Links referred to in the episode, and how to connect with the guest, Gary Grewal:
Financial Fives Book by Gary Grewal
Automatic Millionaire Book by David Bach
Subscribe to the Money Fit Show today wherever you get your podcasts! You can also find us at moneyfit.org/podcast
We would appreciate it if you would click the star or thumbs up to give us a like for today’s episode.
Connect with the Money Fit Show:
Twitter: @MoneyFitbyDRS
Facebook: MoneyFitbyDRS
Email: Podcast@MoneyFit.org
65 एपिसोडस