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Brown Ambition

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

Brown Ambition

iHeartPodcasts

Careers, Education, Self-improvement, Investing, Business

4.9 β€’ 2.5K Ratings

πŸ—“οΈ 25 July 2018

⏱️ 41 minutes

🧾️ Download transcript

Summary

Happy Brown Ambition Wednesday! On today's show: Tiffany's biggest tax lessons as an entrepreneurA shoutout to Yelp Cash Back β€” check it out if you haven't yet! Today's Q&A features some great listener questions β€”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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