This week we're joined by Damon Young of VSB for the first of a 2-part discussion. Damon is the editor-in-chief and co-founder of the black culture cornerstone, VerySmartBrothas.com. He has had his work featured on places like Slate, The Root, Ebony, Essence, HuffPost and everywhere the cool kids hang out on the e-corner. Last but not least, he's working on a book of essays to be published by Ecco (HarperCollins). He lives in Pittsburgh, really likes pancakes, and Damon is a busy man, so we're happy he took the time out to speak with us and the questions that have plagued the internet for years, like: why do men love Dodge Chargers (and her cousin, The Dodge Challenger)??? On part 1 of our entertaining discussion with Mr. Young we cover:
On Part-2, we'll discuss how money changes your outlook and how people view you, Damon's view on the True Cost of Parenting, and much more. Stay tuned and tune in!
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The Money Minute
This Week In Work
A new Money Minute inspired listener question and our drive to get our and your money right so we can stunt -- responsibly and within our budgets, of course -- on the haters! A This Week in Work update finds Rich delving even further into the seedy underworld of the professional dark side, also known as Middle Management.
This Week In Work
This week we tackle another listener question from our ASKPB queue:
Hey guys! The question I have is if I should stay in a job that I don't like until I pay off all my debt. I'm in my late 20's, and I'll make 70k this year and I have 28k in credit card debt. The credit cards have been cut, dipped in lighter fluid, and thrown into a fire pit. I've been using only cash and started budgeting.
The job that I currently work at pays well, but I don't enjoy the work or people. I've been with this company for a couple years, and only stayed with them because I was told there would be future opportunities in my field. As of right now, I don't see that happening in the near future, and feel the longer I stay, the further away I'll get from doing the work I actually want to do. I don't know if I should go ahead and leave or stay until I'm debt free. Another thing is that my job provides housing and transportation, additional cost that I would have if I switch jobs.
Either way I'm going to leave, just don't know if I should leave sooner rather than later.
Any advice would be great. Thanks!
On the second half of the show, we're joined by Matt Schulz from CreditCards.com. CreditCards.com partners with banks and issuers to provide consumers a resource to search and apply for credit card offers displayed side by side so you can easily compare key factors such as interest rates and annual fees. Matt is a financial literacy advocate and credit card subject matter expert with a passion for helping people make smart decisions about their money. He has appeared on the CBS Evening News, the Today Show, CNBC-TV and in articles for the Wall Street Journal, New York Times, and The Washington Post. We discussed how Millennials can research and responsibly use credit cards, the pros and cons of 0% balance transfers for debt management, how to repair or build positive credit history, and much more!
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New blog post: When should I use a 401k loan to pay my bills and debt?