387: 8 Money Tips for Beginners

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8 • 883 Ratings

🗓️ 20 March 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn what advice I gave to a college student/driver
who is eager to be smart with his money.

1. Pay bills on time.

2. Contribute to 401k and get free money.

3. If in between corporate gigs, contribute to an IRA

Is it all about retirement? It’s much easier the earlier you start.
You’ll need to set aside less money and be richer if you start earlier because you have compounding on your side. For example, even if you are putting away less now, you’ll have twice as much money later if you start 10 years earlier.

4. Pay off credit cards, go on cash basis if you have balances.

5. If you handle credit responsibly, get credit cards with miles for air and hotel.

6. Set spending priorities like travel, car, home, etc.
Don’t waste money on eating out and bar bills or other
things that aren’t important to you. Treat money as a tool to get what you want.

7. Save as much as you can.

8. And of course, listen to my podcasts from #1 all the way to this one!

Listen to the Wondery podcast, Safe For Work here: wondery.fm/wealthy

Transcript

Click on a timestamp to play from that location

0:00.0	Be wealthy and smart episode 387
0:03.0	I'm gonna live no rich life
0:07.0	rich life
0:08.0	I'm pulling that's life
0:10.0	If y'all know what I mean
0:12.0	put your hands up and declare with me
0:13.8	Yeah, I'm full of back time I'm gonna live the good life I'm gonna live the good life
0:21.3	and beautiful and glorious light Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and
0:30.3	bosses on be wealthy Wealthy and Smart. And now here's your host, Linda P. Jones.
0:38.0	Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom.
0:56.6	Today I'm bringing you something a little different. Our friends at the Wundry Podcast Network are debuting a new show called Safe for Work, hosted by Liz Dolan and Matt Ritter. Safe for Work fits right in with what I talk about on Be Wealthy and
1:02.0	Smart.
1:02.8	Setting career goals and maintaining positive business
1:05.4	relationships in sometimes challenging workplace situations
1:09.3	are crucial to achieving success and financial freedom.
1:13.0	Liz and Matt will take calls from listeners,
1:15.4	helping them solve problems they are facing,
1:17.6	giving advice, and sharing their experience
1:20.0	and expertise.
1:21.2	Here is a clip from the first episode.
1:27.0	From Wundry, this is safe for work, job stress, life relief. I'm Liz Dolan. And I'm Matt Ritter. On today's show we'll be chatting with
1:35.2	Rene Wilson about his production company Soul Pancake. I'm super excited about that
	...

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