4.7 • 1.1K Ratings
🗓️ 14 May 2012
⏱️ 9 minutes
🧾️ Download transcript
More things change, the more they stay the same. Banks want you to borrow money--badly. And there are some interesting developments in the Personal Finance Management (PFM) space to help you do just that. Here's a heads up.
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0:00.0 | Hello, Wineabbers, my name is Jesse Meekham, and this is podcast number 30 for you |
0:16.5 | need a budget where we teach you four rules to help you stop leaving paycheck to |
0:20.7 | paycheck, get out of debt and save more money. |
0:25.0 | And today I'm going to report a little bit from what I discovered at Finovate in San Francisco. |
0:31.0 | I was there Monday through Wednesday I think and last week and |
0:37.8 | Finovate is where new companies show their innovations in finance. It was my first time going. |
0:44.0 | It'd be kind of cool if Wienab presented there at some point, but I think we might bore everybody |
0:48.7 | to death and we told them that we aren't huge fans of automating everything. We like you to have to |
0:54.2 | enter things and be a little more in touch with your finances, which from my |
0:59.2 | impressions was exactly the opposite of what a lot of the companies, mainly the banks, want you to do. |
1:05.0 | Banks are nice. Credit unions are maybe even nicer. |
1:08.0 | But it's a situation where you just have to be aware of the fact that they do want your money and they'll get it any way they can. |
1:17.0 | So I've been banking with the same bank for, I don't know, 15 years or something and I don't have any you know any |
1:26.4 | intent to switch or anything but it's interesting to see new products coming |
1:30.3 | out that are all dialed into the idea of having you borrow more, spend more, jump on |
1:36.7 | quote unquote deals more, and things like that. Few examples. I won't say the companies by |
1:41.3 | name. I don't want to look like I'm I'm slamming any |
1:43.2 | innovators or anything like that. I mean there in that space where you're trying to |
1:46.5 | squeeze profits it is innovation and it's good innovation in that it's going to make more |
1:51.2 | money for you know for your market where you're |
1:53.8 | selling so I'm okay with that I just want you to be aware as the consumer you have |
1:57.6 | the ultimate power because you get to choose what you do with your money. So first one there was a company that as part of their |
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