Ep. 137 – Closing credit cards to cancel debt? Not so fast.

Brown Ambition

iHeartPodcasts

Careers, Education, Self-improvement, Investing, Business

4.9 • 2.5K Ratings

🗓️ 25 July 2018

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Brown Ambition Wednesday! On today's show: Tiffany's biggest tax lessons as an entrepreneurA shoutout to Yelp Cash Back — check it out if you haven't yet! Today's Q&A features some great listener questions —1) Does interest stop accruing if you cancel a credit card? and 2) What should a husband do if his wife is hesitant to dip into their savings to pay off his student debt? Have a question for us? Hit is up at [email protected] mentioned on today's show, here are some helpful link: Compare Balance Transfer Credit Card OffersBest Debt Consolidation Loans Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey hey BA fam, I just learned discover credit cards to do something pretty awesome.
0:04.9	At the end of your first year they automatically double all the cash back you've earned.
0:10.1	That's right, everything you earned doubled all the cash back from eating at your favorite
0:14.7	soup dumpling restaurant doubled all the cash back from that trip where you sort of learned
0:20.0	a snowboard also doubled and the best part you don't have to do anything ridiculous to
0:25.0	get it.
0:26.0	Nope, discover does it automatically.
0:28.4	We love that.
0:29.4	Seriously though, see terms and check it out for yourself at discover.com slash match.
0:36.5	Hey hey hey, woof, watch it.
1:00.0	Oh, this is Tiffany and Mandy.
1:02.8	I didn't have coffee today, I couldn't handle it extra octave.
1:07.0	And we are brown ambition.
1:09.6	Brown ambition.
1:10.6	Oh, today is Q2 tax day for me.
1:17.3	Ooh, exciting.
1:18.3	Yeah, it really was.
1:19.3	I was like, so that's one for those of you who are business owners, you know that well
1:27.3	even if you're not a business owner, you know, you might know that the tax year for business
1:31.8	owners is split into quarters and a quarter is just three months at a time.
1:36.7	So first three months out of the year, I paid my taxes and now the second three months
1:41.8	out of the year, which is the what is that.
	...

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