Drew and Cavan take on the task of debunking these common money myths: CPI represents the true inflation, budgeting means no fun, all debt is BAD, don’t take extra money to avoid a higher tax bracket, and I’m young so I have plenty of time to save for retirement. Oh…plus we have a bonus myth you’ll want to stick around to listen to!
Our Reading Recommendations:
Cavan: The Little Book of Common Sense Investing
Drew: Rich Dad Poor Dad
Don't want to watch the full episode, skip around to what interests you!
***** Episode breakdown *****
0:00 - Intro
1:02 - A special Neighborhood Money announcement!
5:17 - Using CPI
10:33 - A budget means having no fun
14:52 - There is NO good debt
18:42 - Avoid pay that increases your tax bracket
23:15 - I’m young, I have plenty of time to save for retirement
27:57 - A bonus myth DEBUNKED!
33:41 - Key Takeaways
36:02 - What’s Going On In The Neighborhood
42:12 - Outro
***** Connect with us! *****
The Neighborhood Money Podcast is two friends talking about money on a weekly basis, nothing more. Anything said during the podcast is either Drew or Cavan's opinion and should not be taken as financial advice. This show is for educational and entertainment purposes only.