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The Ins and Outs of Robo-Investing
Today I am joined by Jon Stein: Husband, father, and founder of Betterment. He studied neurogenesis at Harvard, consulted for First Manhattan Consulting Group for a number of years before founding a game-changing company called Betterment, a wealth management company that uses a small list of ETF funds to help individuals invest their money quickly, easily, and rather inexpensively.
Thank you Jon Stein for coming on the MoneyPlan SOS podcast.
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Credit Scores Affect Insurance Premiums
M.J. Cossel send me an email about this article in the Dallas Morning News:
Bad credit score can double insurance premiums in Texas | Article by Terrence Stutz
Listen to my response by clicking here [29:14]
Yes. Poor credit scores equal higher insurance premiums – but that’s only one consequence of not paying bills and debts on time. Make it a priority today to get your checkbook balanced, organize your finances, and pay attention – not ___________.
If you want a sure-fire way to make every dollar work harder then get on a budget
http://SteveStewart.me/budgetcourse
http://SteveStewart.me/coaching
One tip to help keep car insurance premiums from going up: Remember that steering wheels are not hands-free devices.
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When interest rates are high, it’s possible for the cost of the loan to exceed
the actual value of the vehicle being covered.
However, if a borrower has a higher monthly income, that range can go higher.
Another solution I hear more and more is where car owners
are letting someone take over car payments on their behalf while
the loan is still in their name.
Hi Allison!
What are you referring to? I can’t remember talking about car loans in this episode, only car insurance premiums. Please reply so I understand what you mean.
Also, taking over someone else’s car payments while the loan is still in the original buyer’s name is dangerous – for the original owner. I could see this working in a parent/child situation but anything outside of a nuclear family means the owner is allowing someone else to drive his car – and he’s liable for any damage to it or damage caused by it.
This is one more reason why car loans are a bad idea. I recommend people simplify their lives by just pay cash for what they can afford. That’s what I did.