Since this is episode 404, we’re talking all about the money lessons that we can learn from our city Atlanta (which is sometimes referred to as the 404). You can learn lessons in unintended places- there are things to be learned all around us, if only we’re keeping an eye out for them. For instance, one of the impacts of the Covid lockdowns last year was that we couldn’t go anywhere and our calendars were pretty much wiped clean. And the unintended lesson that many Americans learned was that we probably had way too many events on the calendar to begin with. We quickly learned that less activities and more family time was a good thing. And so when it comes to Atlanta, there are a ton of different personal finance lessons that we can learn- from specific things like terrible traffic, the cultural diversity we find in the city, tax breaks being offered to the film industry, our sports teams, and plenty more! So be sure to listen in order to learn some valuable ATLien money lessons.
- Listen back to episode 233 when we talked in-depth about insurance products that folks should really consider getting.
- You might be thinking you’re getting a bargain on a house by moving out into the burbs, but what about all the hours you’ll spend commuting? There are hidden costs with most things in life and everything costs more than you think.
- Put your money where your mouth is, like Jimmy Carter and listen to our episode on how giving money away will make you richer.
- And take advantage of tax breaks, just like the film and production companies do here in Georgia. One of the easiest ways to do this is to make sure that you have an IRA set up with a provider like Vanguard, Fidelity, or the M1 Finance app (though it is worth mentioning that most folks would be best served with a Roth IRA which you can also do with those 3 brokerage houses).
And here’s one of the distinctions between us and other personal finance fundamentalists out there: we believe in the responsible use of credit cards. It’s smart to utilize the additional benefits that credit cards offer, though we don’t want you to be tempted into spending more than you otherwise would. But if you’re looking to maximize your credit card benefits, Chase is offering the best welcome offer we have ever seen. The Chase Sapphire Preferred Card is rewarding folks $1,250 after the initial spending requirements of $4,000 over 3 months!
During this episode we enjoyed BBA Siberius Maximus 10th Anniversary Cuvee RIS by Wrecking Bar Brewpub! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
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