An Inside Look at the Latest Money News and Trends: The Market Tumbles and The Fed Raises rates

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 16 October 2018

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s been a crazy couple of weeks – the Fed raised interest rates again, subscription fees are killing our bank accounts, oh, and there was a bloodbath in the markets. So, it seemed right for us to have a conversation about what this all means to you and how it impacts your financial goals. What You'll Learn The Fed is raising the rates yet again - What this means to you: it affects your credit card interest rates, and mortgage rates will rise if you’re looking to buy a house – basically anything with a variable loan component will change Credit card interest rates are up yet again - what's happening and how can you not become a victim The markets took a downturn - let's chat about what to do now and why you should stay the course Travel is up for the holidays with 33 million people saying they can't afford it. Learn a few tricks to make travel a reality to you Find out how many billions of dollars we spend each year just to avoid cooking at home (hint, we all need to learn how to cook) Links Finder.com and subscription fees Barclaycard Arrival Plus Creditcards.com interest rate survey SUBSCRIBE & REVIEW Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! Also, podcast reviews are super important to iTunes and the more reviews we have, the more we can spread the Millennial Money message (those iTunes algorithms are crazy). I’d be honored if you left a review and let me know what you love about the podcast. Ask Shannah Have an Ask Shannah question, submit it here Get Social Shannah on Twitter Shannah on Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's been a crazy couple of weeks. The Fed raised interest rates again. Subscription fees. A new survey came out. They are killing our bank accounts. Oh, and in case you didn't notice, there was actually a bloodbath in the markets. So it just didn't seem right to let the week go by without at least having a conversation about what this all means to you.
0:23.8	I'm Sean a Compton game. This is Millennium Money. Today we're talking an inside look at the latest
0:28.1	money news and trends, the market tumbles, and the Fed raises rates. Millennial Money with Shawna Compton Gain.
0:51.3	It will expand your brain.
1:02.6	So today's Ask Shana is from Brittany and Brittany wrote in, hey Shana, I tell everyone
1:08.1	about your podcast because I love all the info and you make me think,
1:11.4	which I figure is a good thing. I don't want to drag on and on, but I do have a quick
1:15.8	question. I noticed the Fed raised the interest rates again, and my question to you is,
1:20.9	should I even care? Does it impact me? Can you give me the Cliff Notes version of what I
1:25.9	need to know about this each time the rate goes up?
1:28.4	Thanks so much, your friend, Brittany.
1:30.5	Great question, Brittany, and you actually spurred on a whole podcast episode.
1:35.9	As I said in the intro, there's been so much that has been going on in the last couple of weeks.
1:41.4	I figured we needed to do a little check-in about this.
1:44.8	We need to have a little conversation, not in-depth about all of these subjects, but just
1:49.2	a little touch-up, should I say, on how you should be thinking and how some of these things
1:55.1	actually impact you, because it's important to understand. And I think there are a lot of terms that gets thrown out.
2:02.7	And a lot of us, frankly, don't listen to the news. We watch CNN, but all we hear is whatever is
2:09.8	the latest crazy tweet that President Trump has done. And we don't actually hear a lot about financial information. And some of the
2:21.3	information is frankly over a lot of our heads. I know when I was first in the financial industry,
2:28.6	and I grew up with a father who was in the financial industry. So a lot of the terms I was really
2:32.3	comfortable with. And we would sit around
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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