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Rey Brown, a 28 year old husband and father of two girls, has dedicated himself to teaching you how to sync your life with technology. His podcast, Smartphones Made Easy, shows you how to use that technology to enhance your life. With the fast paced, ever changing advances in smartphone technology and design, people’s lack of knowledge is continually growing. Rey Brown is here to help.
In this episode, Rey gives suggestions on getting a new phone and plan.
His first step is to take a good look at your life and consider what features you need in a phone. For example, if you’re a businessperson on the go you may want to consider getting a phone known for having a long battery life. After you’ve thought that through, you can go on to choose a phone.
The next step is to choose a carrier. All carriers pretty much have the same phones (with a few exceptions). The two choices you have is to either sign up for a contract plan (usually two years) or to go with an installment plan.
With a two year plan you will get a pretty steep discount on the price of a new phone, sometimes it will be free. However, you become locked into monthly fee for two years with a very steep penalty if you choose to cancel.
The installment plan option has no contract but you pay full price for the phone. Few people will walk into a store and pay hundreds of dollars for a new phone, so the carrier will offer an installment plan where you will pay for the phone for two years. Once you pay off a certain percentage (around 50-60% of the phone’s value), you can upgrade to a new phone, change carriers, etc.
The two year contract plan with a carrier is usually the cheaper way to go. But if you’re a person that likes to keep up with the latest iPhone, the no contract installment plan may be the way to go for you.
Rey also discussed the insurance plans available for phones. Insurance plans transfer the risk of your phone getting stolen, lost, broken, etc. A monthly fee is added to your monthly phone bill. You must get the insurance up front when you get your phone, but you can cancel anytime.
Rey is working on developing the iPhone 6 Master Class. This class will show you how to enhance your health, finance, family time, career/business, social life, productivity, and personal growth all through the lens of your iPhone.
You can find out more about this class and his podcast at smartphonesme.com.
WE WON A PLUTUS AWARD
WE WON! The MoneyPlan SOS blog won Best Debt-Focused Personal Finance Blog in the 5th Annual Plutus Awards!
Thank YOU, Debt Freedom Fighters, because without you the podcast wouldn’t exist and the blog posts (which are really the show notes) wouldn’t be written.
This one is for you!
Read and watch the FinCon14 recap: http://MoneyPlanSOS.com/FinCon14
I was a guest on the following shows
- Smartphones Made Easy with Rey Brown
- The Chris Cerrone Show with Laci Urcioli
- Radical Personal Finance with Joshua Sheats
If you would like to have me as a guest simply contact me here: http://moneyplansos.com/contact
secondtimothy says
September 24, 2014 at 4:35 pmSteve, Congratulations on the PLUTUS award!!! You do deserve it.
On your $100 challenge, don’t beat yourself up. If you make it easy, then it really isn’t a challenge. So if you get to $50 by the end of September, you have won a victory. Because that is just $50 more you could have mindlessly spent, if you had not been PAYING ATTENTION.
Keep up the great work.
No Nonsense Landlord says
September 28, 2014 at 10:10 pmI am with Walmart family mobile. 84.25 for two phones, all you can eat. I like a decent 4G phone, but it doesn’t have to be teh latest and greatest. No sense in spending your money if you can save it…
Congrats on the PLUTUS award