Ep 9 – Uncovering the Credit Card Rewards SCAM!! #MoneyMythBusters (Part 3)

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In episode nine of the “Heart of Money” podcast, host Austin Black and guest expert Bob discuss the misconception surrounding credit card points as part of their “Money Mythbusters” series. The main focus of the discussion is on the minimal impact of credit card points on financial success. Bob advises against using credit cards solely for accruing points and benefits, advocating instead for responsible use of credit cards, such as timely payment of the full balance. While he acknowledges the potential to earn cash back, he points out that this should be done carefully to avoid excessive spending. He also highlights the potential pitfalls of using mobile wallets and other convenient payment methods which may encourage overspending. The episode concludes with an agreement that disciplined budgeting and spending are critical to avoid debt associated with credit card use.

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Ep 8 – Why Tax Refunds are for Lazy People #MoneyMythBusters (Part 2)

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In the eighth episode of the Heart of Money podcast, hosts Austin and Bob continue their ‘Money Mythbuster’ series, focusing on misunderstandings about tax refunds. They suggest that tax refunds are not advantageous long-term, likening them to interest-free loans to the government. The hosts recommend better financial strategies like adjusting withholdings or prudent saving for the self-employed. They stress that while accountants can assist with complex tax situations, simpler cases can be self-handled. The hosts emphasize personal responsibility and financial awareness as keys to financial success. Future discussions on credit card points were also hinted at.

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Ep 7-Credit Score or Cash…Which Do You Choose? #MoneyMythBusters (Part 1)

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“The Heart of Money” podcast, hosted by Austin, began a four-part series called “Money Mythbusters” with its seventh episode. The aim of the series is to dispel common myths, misconceptions, and misinformation about money that hampers individual financial freedom. In the discussed episode, Austin and guest Bob challenge the myth that a good credit score is essential for financial success, arguing instead that having enough cash and a clear track record of financial responsibility can allow successful financial navigation. They encourage young listeners to start saving early and to look into institutions offering manual underwriting services or alternatives to relying on credit scores. The next episode’s topic will spotlight tax refunds.

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Ep 6-Are Your Friends Holding You Back From Winning?

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During an episode of the Heart of Money podcast, Austin and Bob discuss the powerful influence of mindset on financial achievement. They emphasize the importance of having a disciplined, consistent mindset towards money and holding a clear perspective of opportunity costs, especially when incurring debts. The speakers also highlight the value of long-term financial planning and working diligently against short-term gratification. Importance of establishing a budget is also covered. They further caution against relying on unpredictable income sources like lotteries, emphasizing instead on strategic money management and conscious control of spending patterns. The speakers conclude by underlining the freedom and control brought by positive thinking, discipline, and supportive social surroundings.

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Ep 5-How Your View of Money Will Dictate Your Financial Success (Part 2)

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On the “Heart of Money” podcast, hosts Austin Black and Bob discuss the influence of money on personal and societal behavior, drawing from personal experiences. They concern themselves with the prevalent consumerist attitude and the habit of comparing oneself to others on the basis of material possessions. The hosts reiterate that money is merely a tool and should not be the source of happiness, often pointing out flawed consumer practices such as living paycheck to paycheck and incurring debt for purchases. They encourage listeners to make wise financial decisions, reminding them that contentment and financial peace come from within and not through impressing others.

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