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Money Guy Show

How Rewarding Are Your Rewards?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.73.1K Ratings

🗓️ 27 May 2011

⏱️ 37 minutes

🧾️ Download transcript

Summary

Wouldn’t it be nice if choosing a credit card were as simple as doing some research, making an informed decision, and never thinking about it again? Unfortunately, changing rates, terms, and rewards mean that you have to stay on your toes in the evolving credit card market if you want to make sure your rewards are actually rewarding your good behavior. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos.

0:06.0

Retirement, investing, taxing.

0:09.0

You've got financial questions, he's got financial answers.

0:12.0

It's Brian Preston, the money guy.

0:15.0

It's been a good day here at the money guy show and I'm pretty excited.

0:19.0

We got a fun show here where we're going to be talking about it.

0:21.0

It's kind of funny.

0:22.0

I almost feel like consumer reports is psychic the way they were able to tell that I was frustrated about something going on in my life.

0:29.0

And it's there like, hey, I get this sense that Brian's upset about his current credit card situation.

0:35.0

Let's do an article on the best reward cards out there for people who use their credit and pay it off on a monthly basis.

0:42.0

I bet that the consumer reports people they sit back say, what does the money guy want to read about today?

0:49.0

But what I actually think is kind of interesting is that wouldn't it be nice if money management decisions were easy,

0:57.0

meaning that you evaluate all the things that are going on, you deliberate over it, you figure out the best course of action,

1:05.0

and then you make that decision, and then you can just forget about it.

1:09.0

You would think that that would be awesome if that's the way it worked.

1:12.0

Unfortunately, it doesn't work that way.

1:15.0

The world is always evolving.

1:17.0

The credit card companies are always changing the rules that you have to live by.

1:21.0

You know, your property and casually insurance company raises your rates every few years.

1:27.0

Your utility companies always raise your rates.

1:31.0

You know, it's one of those things, I always call them the ungrateful service providers.

1:35.0

It's the people that you use these products on a month-to-month basis.

...

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