Dive into the surprising world of finance where political shifts meet personal money woes. Learn why cash-out refinancing might be a bad move and uncover the truth about ghost jobs in the market. Explore decreasing apartment rents and changing consumer behavior, including tipping trends and the rise of touchscreen kiosks. Discover the impact of toy advertising on creativity and the importance of thoughtful gifting. Plus, consider the changing landscape of homeownership versus renting in today's market.
33:13
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
volunteer_activism ADVICE
Avoid Cash-Out Refinances
Avoid cash-out refinances, especially with increased interest rates.
It can worsen your financial position by turning a low-interest mortgage into a high-interest one.
insights INSIGHT
Trump's Return and Your Finances
Trump's return could impact personal finances through policies like new tariffs.
Tariffs act as a tax on consumers, potentially increasing inflation.
volunteer_activism ADVICE
Meme Coin Risks
Avoid meme coins due to high risk and potential for scams.
Most people lose money; it's driven by hype and manipulation.
Get the Snipd Podcast app to discover more snips from this episode
Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: NO to the cash-out refi, Trump 2.0 and your money, Melania coin, feds returning to the office, insufficient savings, ghost jobs, WFH job scammers, TOYS are a scam, why the rise of touchscreen kiosks, everyone is tipping less, ballooning escrow accounts, & apartment rents on the decline.
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend!
How to Money