557: Ask Farnoosh, Once I pay off my credit card debt should I lower the spending limits?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 7 April 2017

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Once I pay off my credit card debt can I lower the spending limits... how will this affect my credit? My income is variable... what happens if I open a Roth IRA this year and earn more than the income limitation? I opened a traditional IRA but is a Roth better? Answering these questions and more on this week's Ask Farnoosh.

For more information visit www.somoneypodcast.com.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	So Money episode 557, Ask Farnush.
0:03.7	You're listening to So Money,
0:06.8	with award-winning Money Guru Farnush Karabi.
0:09.7	Each day get a 30 minute dose of financial inspiration from the world's top business minds,
0:15.0	authors, influencers, and from Farnus herself.
0:19.3	Looking for ways to save on gas or double your double coupons?
0:23.0	Sorry, you're in the wrong place.
0:25.0	Seeking profound ways to live a richer, happier life.
0:28.0	Welcome to So Money.
0:30.0	Welcome back to So Money everyone. I'm your host for Nous Chirabi. It's Friday, which
0:36.8	means it's all about you this day. We're going to cover your financial questions, everything
0:41.3	from Roth IRA's to investing in your education, credit card debt, and the benefits of
0:47.1	living at home with mom and dad.
0:49.1	As always, our friend Sophia joins us with all the questions.
0:52.2	Sophia, how you doing?
0:53.2	I'm good how are you? I'm doing well. What's anything new happening in your
0:57.7	world and so many moments to share with us? I maxed out my Roth IRA for this year. Woo-hoo good job.
1:05.0	It's been awesome yeah and then I I did a few other things with my financial
1:09.5	planner as well so I'm feeling good about my finances. I mean the fact that you have a financial
1:14.4	planner in your 20s that's pretty rock star of you I have to say.
1:18.6	Thank you yeah my parents were nice enough to set me up with theirs and you know the woman I work
1:24.8	with is really great and she says that I'm actually not one of her youngest
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Farnoosh Torabi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Farnoosh Torabi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.