810: Tim Chen, Co-founder and CEO of Nerdwallet

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 19 November 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, we’re in conversation with Tim Chen, the founder and CEO of NerdWallet.com, who started the personal finance website out of a personal experience and need. Tim got laid off in the 2008 recession from a job on Wall Street. In that time frame, his sister came to him for some quick financial advice. She wanted to find the best credit card. His parents, around the same time, were seeking his advice for buying a mutual fund. His online search to answer these questions proved unfruitful and frustrating. And it was then that Tim got inspired to create a well-designed, and unbiased destination for financial advice and products. Tim started Nerdwallet with $800. Today it worth hundreds of millions of dollars and has over 300 employees. What is next for the company, for the world of personal finance products and services and what are some of Tim’s own rules when it comes to managing his own money. To learn more about Tim’s company, please visit NerdWallet.com and follow them on Twitter @NerdWallet & Instagram @NerdWallet. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 810.
0:02.0	Tim Chen, go founder and CEO of a nerd wallet.
0:07.0	You're listening to So Money Guru Farnoosh Karabi.
0:11.0	Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnoos herself.
0:20.0	Looking for ways to save on gas or double your double coupons?
0:25.0	Sorry, you're in the wrong place.
0:27.0	Seeking profound ways to live a richer, happier life.
0:30.0	Welcome to So Money.
0:34.0	My family was middle class.
0:36.0	We were very frugal.
0:38.0	Our big financial goal was definitely paying college tuition for my sister and I.
0:43.2	Welcome back to So Money.
0:44.6	I'm your host, Farnoosh Terabi.
0:46.3	Today we're in conversation with Tim Chen.
0:49.2	He's the founder and CEO of Nerd Wallet.
0:52.6	It's a personal finance website
0:54.8	that started from a personal experience and need.
0:58.4	You know, Tim got laid off in the 2008 recession
1:01.2	from a job on Wall Street, and it was in that time frame.
1:04.4	His sister came to him for some quick financial advice.
1:07.4	You just wanted to find the best credit card.
1:09.9	You know, simple.
	...

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