E46 – Jordan Goodman from Money Answers

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Pro Tip: Timestamps below are clickable. Click on the time below in the brackets and the audio will start playing at that part of the show.

Today we are excited to welcome back a past guest who is a wizard when talking about student loans and now credit.

Jordan Goodman is also known as America鈥檚 Money Answers Man-
Welcome back!

[2:14]聽Should people have more than 1 credit card?
路聽聽聽聽聽 Yes- you want to build credit
路聽聽聽聽聽 3-4 cards is the ideal amount
路聽聽聽聽聽 Cards that have benefits for your life
路聽聽聽聽聽 Guidetocreditcard.com

[3:10]聽A listener wrote in: My boyfriend thinks that you should have a revolving balance on your credit card. Can you explain to him why this is a bad idea?
路聽聽聽聽聽 Because you鈥檙e paying interest
路聽聽聽聽聽 Does not help your credit score
路聽聽聽聽聽 Debt management plan cambridgecredit.org

[7:11]聽Fraud is a scary thought to almost all Americans. Is there a way to get errors off your credit report?
路聽聽聽聽聽 Yes- there鈥檚 a whole procedure
路聽聽聽聽聽 Fair and Accurate Credit Transactions Act
路聽聽聽聽聽 Tourdecredit.com- helps improve credit reports

[8:58]聽Listener scenario: A 21-year-old girl gets in a car accident and is seriously injured. She has no health insurance and is now half a million dollars in debt. What should she do?
路聽聽聽聽聽 Go to Healthcareadvocates.com

[11:46]聽How do I know if a debt resolution company is legit or a scam?
路聽聽聽聽聽 Legit ones cooperate with the creditors
路聽聽聽聽聽 Scams are called debt settlement companies

[13:1]聽If a loved one dies, parent or spouse, are you automatically left their debt or is there a way around that?
路聽聽聽聽聽 Typically, debt is against the estate not the benefactors


[15:39]Chain of Wealth鈥 If you want to refinance your student loans head over to chainofwealth.com/credible for $200 off your first payment.

Refinancing your student loans can save you thousands!

If you鈥檙e enjoying this podcast, don鈥檛 forget to subscribe, rate and review!

Value Link Round

[16:9]聽What is your favorite quote?
路聽聽聽聽聽 鈥淓very day, think as you wake up. Today I am fortunate to be alive, I have a precious human life, I am not going to waste it.鈥

[16:36]聽Best advice someone gave you?
路聽聽聽聽聽 Set up habits

[17:5]聽Last advice?
路聽聽聽聽聽 Savers dilemma: Secured real estate fund

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About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

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