Description

In this episode, Gary & Christy talk about some myths regarding money, including:  

• Is it good for my credit score to keep a balance on my credit card?  
• Should I buy as much house as I can afford?  
• If my spouse handles the finances, do I need to be concerned with money?  
• Is a bachelor’s degree necessary to get a good job?
• Can I be too young to start saving money? 

Episode Resources

• Check Out Money Myths Part 2 – https://thelightnetwork.tv/bountifuls5e10/
• https://www.myfico.com/downloads/files/myfico_uyfs_booklet.pdf – A summary of how the FICO credit score is calculated
• http://www.businessinsider.com/compound-interest-retirement-funds-2014-3 – How Compound Interest Affects Your Retirement 
• https://www.nerdwallet.com/blog/mortgages/house-afford/?trk_source=mortgages_hac_mustread&trk_content=blog_reallyafford+pos_topright+pageviewid=6ed9b1cd-eb44-463e-9b22-f3be8442891e&trk_destination=house-afford&trk_origin=calculate-affordability&trk_app=tool
• https://www.allstate.com/tools-and-resources/car-insurance/financing-a-car-vs-paying-cash-calculator.aspx – A tool to determine the difference between paying cash and financing a car
• https://www.thesimpledollar.com/doing-the-math-on-paying-cash-for-cars/
• https://www.moneyunder30.com/how-much-car-can-you-afford
• https://www.consumerreports.org/car-repair-maintenance/make-your-car-last-200-000-miles/
• https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194/ref=asap_bc?ie=UTF8 – link to buy Rich Dad Poor Dad book