Two Ways to Do Money Differently with BankMobile and Better Mortgage & Ask Shannah - My Career as a Female CFP

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 26 March 2018

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s 2018, and if you ask me, it’s time to do things better and definitely more affordable. Thanks to technology, we’re seeing a lot of our money transactions transform before our eyes. Think about how we save money with apps like Acorns, invest online with companies like Betterment, and on this podcast episode we’re talking about redefining the banking and mortgage process with two companies (BankMobile and Better Mortgage) that are using technology to do it better! On This Podcast Episode: This episode is dedicated to doing money things better. We’re introducing you to Luvleen Sidhu from BankMobile and Vishal Garg from Better Mortgage to unlock your thinking about two industries that were in dire need of some serious modernizing. Luvleen Sidhu had enough with big banking fees and wanted to do it differently. In 2013, Americans spent $32 billion on overdraft fees, which is three times as much as they spent on breast cancer and lung cancer combined and more than they spent on vegetables. Additionally, the underbanked spend approximately 10 percent of their salaries on fees for alternative financial services. Together with her father Jay Sidhu, she launched BankMobile in January 2015 to offer this banking experience all through a smartphone or tablet device, utilizing cutting-edge technology to make banking seamless. BankMobile offers completely fee-free accounts—checking, savings with a guaranteed higher savings rate than the top four banks in the U.S., and line of credit, access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the U.S., which is more than 400,000 ATMs), a personal banker for all customers, and a free financial coach for VIP customers. Vishal Garg is the Founder and CEO of Better Mortgage, working to make the mortgage process simpler, faster and much much better for all Americans – especially the new generation of first-time homebuyers (aka millennials). Better is a digital mortgage company focused on improving access to home financing. They’re using tech to make home buying better by speeding up the process, bringing down the cost and ensuring our customers get the best possible mortgage. Their mission is to make home buying more affordable and accessible for everyone. And that’s built into Better’s DNA - from their zero commissions approach to their 100% transparent process. Ask Shannah - My career journey as a female CFP® - it hasn't always been easy but it's been one of the best decisions I've made. Read more about my journey here. Thanks for Tuning In: Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast. Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome! Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Brunch Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun! Have an Ask Shannah question, submit it here. Want More: 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

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0:00.0	Hey, I'm Shauna Compton Game. This is Millennium Money, and today we're talking two ways to do money differently with bank mobile and better mortgage.
0:08.1	And I ask Shauna a question, what has my career been like as a female CFP? Millennial Money with Shawna Compton game.
0:31.4	It will expand your brain.
0:51.7	So today's Ask Shana question is a little bit differently than the questions that I've answered in the past that have strictly been money questions.
0:56.9	This question actually came from Susanna and she says,
1:02.3	hey, Shauna, I love the podcast. I'm a new listener since January and I'm excited about all the different topics that you share. I'm particularly interested in hearing about your own journey
1:07.7	as a certified financial planner as I'm thinking of going down that career
1:11.4	path myself, but I'm just not sure whether it's right for me. I'd love to know what it's
1:16.6	been like to be a female certified financial planner and any advice that you'd be willing to share.
1:21.8	Well, that is a great question, Suzanne. I've actually got a few questions that have come in
1:26.6	in the last few months about my own financial planning journey. There's actually got a few questions that have come in in the last few months
1:27.8	about my own financial planning journey. There's a lot of you listening that actually are
1:32.8	thinking about becoming financial planners and trying to figure out whether that career shift
1:37.4	is a right move for you and how do you make that move and how do you make money when you make
1:41.6	that move. And all of those are, you know, amazing questions.
1:46.1	And I realize, you know, we've had a lot of new listeners come on board since even just the new year.
1:51.6	And, you know, I haven't done a lot of sharing about my own journey, my own journey as a certified
1:57.3	financial planner and my own money journey myself. So I'm going to make sure and do that
2:01.6	in an upcoming podcast as well, just so that you know I actually am a human and I have made my
2:07.3	own share of money mistakes and had a lot of money successes as well. So I love to share those
2:12.8	with you, but Susanna, that's a great question, you know, and I've been a financial planner
2:19.1	since, gosh, probably about 12 or 13 years now. My father has been in the financial industry,
	...

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