Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Original Show Notes: Greg McBride from Bankrate

Bankrate.com is a one stop shop for financing. They offer services such that include personal finance loans, automobile loans, mortgages and credit cards.

Today we are speaking with Greg McBride, a Chief Financial Analyst and a graduate from the University of Florida. He is the Senior Vice President for Bankrate.com.

He helps provide analysis and advice on personal finance. With two decades of experience in personal finance. He also has the ability to provide an in-depth interpretation and practical advice to listeners.

Greg has some awesome advice on for people looking for information on investing for retirement.

Greg, hopefully you can help our Chainer’s out with planning for home buying and retirement.

[0:59] Tell us a bit about yourself.
·      Passion: to help people save more money

[1:35] How can a person decide if it’s the right time to buy? What should be considered?
·      In it for the long haul
·      Have a long term view

[2:33] When it comes to purchasing a home, what area do you see people getting hung up on most?
·      Lack of savings
[3:48] How are you able to know how much house you can afford? Is there a formula to knowing what your budget can be?
·      Find the housing calculator at Bankrate.com

[4:41] S&P Dow Jones indexes managing director David Blitzer said “Home prices have reached new all-time highs,” on October 31, 2017. What are your thoughts about the housing market at the moment? Do you think the increase is sustainable and do you foresee any potential correction in the coming months or years?
·      Areas where prices have gone way up- a risk there
·      Most of America- nothing equated to 2006

[6:11] We know that leaving mass amounts of money sitting in a bank account is not the best idea. Where do you recommend young professionals put their money?
·      Have emergency fund in bank account
·      Workplace 401K
·      Roth IRA
·      Teach yourself to save 10%-15% of your income

[7:12] Can you explain a bit about a Roth IRA and a traditional IRA? How do I know which is right for me?
·      Can do both
·      Roth IRA- paying taxes on the front end
·      Traditional IRA- pay taxes when you take money out
·      Snow ball analogy

[8:28] What is a CD? Are there different types and again, how do I know which one is right?
·      Certificate of Deposit
·      Committing money for an amount of time
·      Range a few months- years
·      Make sure you don’t need the money

[10:21] How do I know that I am saving and investing enough to retire in 40 or 50 years?
·      Save 10%-15% percent of your income for retirement

[11:43] A statement that has been told for a long time is not to plan on receiving Social Security when am millennials are older. How much truth is there to that?
·      Do not plan on Social Security
·      Save for yourself

[13:17] Chain of Wealth – If you’re enjoying the podcast don’t forget to subscribe, rate and review. Head over to Chain of Wealth.

If you have an iPhone, subscribe in iTunes!

[13:56] Why do you think that people struggle to save and plan for the future?
·      Don’t prioritize saving

[14:20] Do you recommend any other podcasts or books?
·      Books: The Millionaire Next Door

[14:53] What is the best advice that someone has ever given you?
·      Think long term and save

[15:22] What is your favorite quote?
·      “Don’t save what’s left over after spending, spend what’s left over after saving”

[15:58] How can our listeners get in touch with you?
·      Twitter: @bankrategreg
·      Facebook: Money Masters

Original Show Notes: Elysia Stobbe from NFM Lending

Elysia Stobbe NMLS ID#: 146751 is a home loan originator from NFM Lending located down in sunny Jacksonville, Florida. Buying a home is one of the most stressful times in a person’s life. As millennials start settling down and wanting to purchase homes with white picket fences and a golden retriever, there are a lot of questions lingering around in the backs of young professional minds.  

Elysia, hopefully you can share some knowledge and make this transition seem a little easier.

[1:27] Tell our listeners about yourself.

• Originating loans since 2003
• Moved over 10 times
• Over 300 Million in residential loans

[1:57] I want to buy a house, but how do I know if I’m ready?

• Really personal decision, consider family dynamic
• Are you ready to be part of a community?
• Consider cost of buying vs renting in your area

[3:43] What are the different loans available? Is there a loan that is better than the other?

• VA loans, one of the best available, 0% down payment, no monthly mortgage insurance fee.
• If putting down less than 20% insurance required on other types of loans
• FHA loan, 3.5% minimum down payment but then mortgage insurance for life of the loan
• Conventional loan 5% down payment, however for first time homebuyers as low as 3%.
• Best way to make a decision is to apply for all the loans and see which is most favorable dependent on individual situation.

*All actual rate dependent on credit score and other factors

[6:12] When I was shopping around, there were special loans for certain occupations- can you tell us more about that? Teachers, firefighters, nurses…

• Much amount of information available Elysia wrote a book checkout:
• Book: How to get approved for the best mortgage without sticking a fork in your eye
• Not everyone has the same loan program available

[8:31] What is an approximate interest rate I should be expected to get?

• Primary resident will get you the best rate, focus on getting a higher credit score.
• Putting down a higher down payment can get you a better rate as less risky for the lender.
• Term of loan can change the rate as well, high 3- low 4% is approximate range

[11:10] How long does the home buying process usually take?

• A lot falls on the lender and borrower but can be as short as 14-30 days
• Other lenders can take 60-90 days depends on pipeline and staffing team
• Check out top 10 questions in Elysia’s book

[12:50] I keep seeing ads that Congress has a special mortgage plan- is this real or is it a scam?

• Yes, and yes J
• Based on HARP, it is for refinancing but most are already completed.

 [13:55] What are some things that I should be looking for on my closing disclosure that are junk fees?

• Sellers: Understand all fees that realtors will be charging
• Buyers: Ask good questions and try phone around

[15:05] How do I know if refinancing my house is a good option for me?

• Send the mortgage statement and see what options are available, work with a licensed loan originator.

Value Link Round

[17:38] Why do you think that people fail at achieving their dreams?

• Caught up in the manusha and the act instead of focusing on the outcome and enjoying the journey

[17:57] What books or other podcasts do you recommend to our listeners?

Podcast: Tim Ferriss

Podcast: Tony Robbins

Book: Empower you

[18:33] What is the best advice someone ever gave you?

• Mother: Do what you love and money will follow

[18:51] What is your favorite word or quote?

• Favorite word: Cool
• Watch your thoughts because your thoughts become your words, your words become your actions and your actions become your life.

[19:15] How can our listeners get in touch with you?

• Facebook: Elysia Stobbe Home Loan
• Email: [email protected]
• Book: How to Get Approved For the Best Mortgage
• Toll free: 888-574-7770

Original Show Notes: Mary Wheeler from Abundant Wealth Solutions

Today’s guest Mary Wheeler is the master coach at Abundant Wealth Solutions. When I read her story, it reminded me of Katie’s student loan debt story and so many others.

Mary went to Mississippi State University where she majored in Psychology with a minor in Marketing and upon graduating she had $27,000 worth of student loan debt.

With this new debt, Mary decided to go back to school to earn the financial coaching designation and is super passionate about helping others dig their way out of student loan debt- the second highest contributor to the national debt crisis.

Mary, thank you for being on the show and sharing your story.

[1:06] So tell us something not related to your student loan debt- what are you like at home?

• Originally from Mississippi
• Currently living in Houston
• Enjoys spending time with family
• Recently taken up painting

[1:32] If you could go back to those blissful college days, what would you have done differently?

• Instead of taking our student loans, research more scholarships
• Attend community college first

[2:36] Have you been able to pay back your student loan and get rid of Sallie Mae?

• After 9 years after graduating still a lot ($27,000) owing so decided to do something different
• Created a plan & worked lots of overtime and chipped away at it
• Original plan was 2 years but managed to back it back in 96 days!

 [3:45] Sometimes, student loans are needed- what is your advice to someone who is going to school for the first time or back to school and taking out a loan?

• Consider whether an expensive school is really what you want
• Cash flow for later life is important so always thing long term – jobs etc.
• Research 529 plans if you are a parent.

[4:50] What are the different student loan types out there?

• Federal vs Private
• Perkins loan – lower interest rate
• Parent plus loans – parent taking out loan on behalf of child

[5:45] Tell us about Abundant Wealth Solutions- what services do you provide? And how much do they cost?

• 1 on 1 coaching - $125 an hour, current financial situation assessed and plan created
• Accountability partner

[6:22] In your financial coach opinion, what is the silliest mistake that you see other people doing with their money?

• Subconscious spending – not knowing where your money went
• No budgeting

[7:08] What are some of the best options that people in their late 20s- early 30s could be doing with their money?

• Get out of debt
• Invest for the future
• Book: The Automatic Millionaire by David Bach
• Start as young as possible
• Pay yourself and change your family’s legacy

[8:08] You are located in Texas, but do you only offer services to other Texans or can people elsewhere use your service?

• Service provided nation wide

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Value Link Round:

[09:00] Why do you think that people fail at achieving their dreams?

• Inability to take action
• Create a plan and take action

[09:29] What books or other podcasts do you recommend to our listeners?

• Book: No Excuses
• Book: The Go-Giver
• Podcast: The Gary Vee Show
• Podcast: How I Built This

[11:05] What is the best advice someone ever gave you?

• Don’t forget to take care of yourself mentally and emotionally

[11:35] What is your favorite word or quote?

• Do more of something do less of something, start doing something that you’ve never done before, stop doing certain things all together.

[12:02] Where can our listeners find you?

• Instagram: @AbundantWealthSolutions
• Facebook: com/abundantwealthsolutions/
• Email: @Abundantws

[12:18] Parting piece of guidance?

• Take action, there is a way out of student loan debt no matter how much you owe

Chainers, make sure you check out AbundantWealthSolutions.com- Here, you can read Mary’s story, there are some great blogs to read and programs that can help get your cash flow on a budget.

Original Show Notes: Elisa Bennaton from The Ministry DC

Elisa Bennaton is a young entrepreneur that is planning on opening in my opinion, the best duo- a coffee and wine bar named The Ministry DC. Located near the Chain of Wealth studio in Washington, DC!

Welcome Elisa!

[0:44] Tell us something about yourself

• Based in DC for 3 years
• Originally from Honduras and Guatemala from way of London
• Identified a fantastic opportunity for culinary and cultural product in DC

[1:43] Have you always felt like you were an entrepreneur? What made you decide to take the leap?

• Timing was always a hindering factor
• After doing a masters course in entrepreneurial management, that confirmed the passion.

[2:43] If you could go back and tell a younger version of yourself something, what would it be?

• Budgeting is crucial
• Work experience, do what you believe in don’t let your lack of experience hinder you.

[5:00] Where did the idea for a coffee/ wine bar come from?

• Foodie at heart
• Background in culinary arts and hospitality
• Lots of similarities between the two

[7:21] What has been the biggest challenge in starting your own business? How have you overcome the hurdle?

• Resources – finding the right information that will help you with regards to compliance & financing.
• Keep moving forward and don’t dwell too much on something.

[8:40] Funding- how did you manage to pay for supplies needed?

• Family & Few friends
• Explore banks, especially community banks (but there’s always a catch)
• Don’t under estimate startup expenses, there are always things you can’t anticipate

[11:14] What has been your greatest moment of success? Failure?

• Obtaining recognition.
• Social media followers.
• It’s all about having the right team with you.

[12:12] What do you know today, that you wish you would have known when you first started as an entrepreneur?

• Never underestimate when you are told to double the amount of time and money that you will need.
• Somethings are completely out of your control

[13:13] What do you do to keep yourself charged up, even when you’re burned out feeling?

• Wine J
• Exercising
• Music
• Friends

Sponsors

[14:39] Chain of wealth – if you’re looking for an awesome gift for the holidays head over to chainofwealth.com/gifts

Value Link:

[14:57] Why do you think people fail at achieving their goals?

• Goals are not clear, people don’t figure out how to achieve their goals

 [15:26] What books or other podcasts do you recommend to our listeners?

• Book: Nelson Mandela: Long Walk to Freedom
• Book: I Am Malala
• Book: Jacqueline Kennedy Onassis

[16:24] What is the best advice someone ever gave you?

• Make it happen

[16:34] What is your favorite word or quote?

• Carpe Diem
• Whoever saves a life saves the world

[17:00] How can we get hold of you?

• Twitter: @theministryDC
• email: [email protected]

[17:26] One last piece of advice for our listeners?

• Do what you love, don’t listen to other people’s opinions

Original Show Notes: Danielle Desir from The Thought Card

Danielle Desir is a travel enthusiast and a financial analyst and grant specialist by trade. She created thethoughtcard.com where she shares tons of tips and tricks to find cheap travel discounts all while paying off debt.

Danielle, welcome to the show. I’m excited to learn some of your tricks to all this travelling you do!

[0:54]So first, can you tell our Chainers a bit about yourself?

• Travel/ finance enthusiast

[1:33]You have a “Work with me” tab on your site- what do you do to help people?

• Freelance writer
  • travel reviews

[2:02]What financial move have you learned the most from?

• Owning a home

[4:03]You talked about in your blog, “sacrifices I made to pay off my student loans” that November 10, 2016 was the most important day of your life. Tell us about that journey.

• Finished paying $63,000 of debt
• Decided to make a final large payment amount

[5:22] How did you pay off your loans so quickly? $63,000 is a ton to pay off.

• Front- end method: pay a lot at one time then replenish savings
• Back- end method: pay debt every payday

[6:28] You are a huge fan of living at home, this can be hard for millennials…. Why do you recommend it?

• Opportunity to set financial goals
  • Save money
  • Plan for the future

[7:27] You travel all over the world, for cheap… what’s your secret?!

• Follow on Instagram
• Massive credit card bonuses
• Secretflying.com
• Thriftytraveler.com
• Scottscheapflights.com

[9:25] You have the Chase Sapphire credit card; why did you pick this card over others? What are the perks?

• Redeem your points for cheaper flights
• Deep discounts on flights

[10:20] Out of all your travelling, where has been your favorite? Why?

• Bermuda
  • Sunshine/ beach
• Iceland
  • Beautiful scenery/ volcanos

[11:30] I saw that you’re a huge fan of AirBnB to save money- how has it been so far?

• Has been great!
• Stay in great places for cheaper

Value Link:

[13:42] What other podcasts to you recommend?

• Podcasts: EOFire & Kate and Carries Budget and Cents

[14:18] What is the best advice someone has given you?

• Have a plan and see it to the end

[14:50]What are some ways our listeners can get in touch with you?

• Email: [email protected]
• Twitter: @thethoughtcard

[15:06]Any last parting advice for our listeners?

• Have the attitude of gratitude

Original Show Notes: Eric Rosenberg

Author of the “Personal Finance Arsenal: Tools to save money, time and headache” Eric Rosenberg is now a full time freelance writer and his work has been published in places like the Huffington Post, Business Insider and Investopedia. Before his days as a freelance writer, Eric worked in banking before quitting his day job and taking the leap to work for himself.

So, welcome Eric!

[0:56]Can you tell our listeners a bit about yourself?

• Lives in Southern California
• Two dogs
• One little girl and another on the way

[1:37]How did you decide it was the right time to take the plunge to quit your job to work for yourself?

• Side hustling for a long time
• 2015- $40,000 in revenue on the side

[2:41]What made you the most nervous to work for yourself?

• How much will I make each month?

[3:25]You’ve been published in quite a few journals; can you explain your piece from Huffington Post about your strategy for paying off your student loans?

• $40,000 in student loans- paid off in 2 years & 6 days
• Cut budget really low- inexpensive apartment
• Every extra dollar went into student loans
• Paid loan every payday/bonus/ tax refund

[5:52]What exactly is the debt snowball that you mentioned?

• Dave Ramsey
• Pay off debt in order of size- smallest -> largest
• Debt avalanche- pay off in order of interest rate- highest -> lowest

[7:38]I see that you are also a big fan of using credit card points to your benefit. What cards are you currently using? Why did you choose these?

• Chase Sapphire Preferred
• Amex Everyday Preferred
• Chase Freedom

[9:52] In your opinion, is there a range for how many to have?

• My average- about 15
• Everyone is different

[10:40]Do you open and close credit cards based on their reward system?

• What do you want to do with your credit?
• Longer you keep a card open, the better

[10:58]What is the biggest financial mistake do you think that people make?

• Just ignoring money
• Try com or Personal Capital

[12:24]You’ve also written a book! “Personal Finance Arsenal: Tools to save money, time and headache” a quick 44 page read that is chalk full of information- what was the motivation behind this book?

• Great tools coming out- wanted to compile information
• Speed up the process of managing your money

[13:30]What is your favorite chapter in your book? Why?

• Chapter 1- Mint.com
• Ah ha moment in the book for people

[14:17]What financial move or mistake did you learn the most from?

• Paying off student loans
• Working on both sides of the loan space- paying/ giving out
• Check credit before going to the bank:
  • Credit Karma
  • mint.com
  • Quizzle
  • annualcreditreport.com --> report from three credit bureaus
• Don’t give credit card number- red flag

VLR-

[16:48]Are there any more books in your future?

• A book underway: Personal Profitability

[17:26]What books or other podcasts do you recommend to our listeners?

• Books: The Automatic Millionaire & I Will Teach You To Be Rich

[18:26]What is the best advice someone ever gave you?

• To track every dollar you make and every dollar you spend

[19:55] What is your favorite quote?

• Yoda- Do or do not, there is no try

[20:32]Where can our listeners find you?

• com

Original show notes: Melanie Lockert on Student loans, debt, suicide, blogging

Today we have one of our favorite bloggers on the show- A theatre student turned professional blogger, Melanie Lockhart and her blog is called Dear Debt. On her blog, she writes some personal thoughts but she also invites others to write break-up letters with debt; something that most find liberating and esteem-building and liberating.

Welcome Melanie.

1. [0:51] question Please tell us some more about yourself.

• $81,000 in student loan debt
• In 2011 couldn’t find a job

1. [3:53] question If you could go back and tell your 18- year old self anything, what would it be?

• Don’t go to a private school
• Too big of a bill

1. [4:36] question On your page, I read that people who die by suicide are 8 times more likely to be in debt. Can you explain a little bit more about maybe some warning signs to be on the look-out for? And some resources to help people?

• Kept getting suicide surge traffic
• Debt is not a death sentence- you are worth more than your debt
• National Suicide Prevention Hotline: Text 741741
• Don’t be afraid to ask for help

1. [9:06] question You could create a blog on any topic, why choose debt?

• Obsessed with my debt
• Blog was accountability

1. [10:14] question What are some of the most interesting or inspiring debt stories that you have had on your blog from people?

• Some are funny
• Some are heartbreaking
• Creates a community for support

1. [11:52] question How often do you publish people’s stories?

• com à contact page

1. [12:10] question You said that you normally have about 6 or 7 side hustles going on- what have you done?

• Writer
• Editor
• Pet sitter
• Event assistant
• Social media marketer
• Brand ambassador
• Mother’s helper

1. [13:46] question You are also a freelance writer- how did you get started on that?

• Started blogging
• Networking with other bloggers

Value link round:

1. [17:06] question Why do you think people fail at reaching their goals?

• Mindset
• Money limitations
• Lack of risk taking
• Excuses

1. [20:18] question What books or other podcasts do you recommend to our listeners?

• Podcast: Martinis and your money
• Books: Think and Grow Rich & Your money or your life

1. [21:03] question Best advice someone has ever given you?

• Be consistent

1. [21:52] question What’s your favorite quote?

• I did not get this far, just to get this far

1. [22:35] question How can people get in touch with you?

• Website: deardebt.com
• Twitter: @deardebtblog
• Book: Dear Debt: A story about breaking up with debt

1. [22:52] question What is some last advice for listeners before we go?

• All of this is a journey, you don’t have to do everything perfectly

For detailed show notes:David Weliver: Money Under 30

David founded Money Under 30 in 2006 as a way to document his efforts to pay off $80,000 of debt, and to provide a free resource to help young adults make financial decisions with confidence. David is a graduate of Bates College and worked previously at SmartMoney Magazine in New York.

Welcome David!

[0:54]So tell us something about you we don’t know.

• Married with 2 kids
• Lives in Maine

[1:41]How did you get started with Money under 30? 

• Moved home with parents
• Needed to fix finances
• Wanted to help others

[3:32]If you could go back in time and give the 18 year old version of yourself one piece of advice what would it be and why?

• Don’t spend money you don’t have
• Glad for mistakes- brought about Money Under 30

[5:52]You have a section on your website about buying cars—something everyone hates. What tips and tricks do you have for buyers?

• Understand financing costs

[8:15]Do you recommend buying or leasing? How do you make the decision?

• Most people should buy over lease
• Buy a used car

[11:21]You had quite a hefty debt bill some time ago, what did you do to get rid of it?

• $80,000 in debt (student loans & credit cards)
• Moved home
• Got a side job at Starbucks

[14:10]How long did this take you? What was the most challenging part?

• 3 years
• Reduced life inflation

[15:17]What do you recommend to a person who is trying to raise/ improve their credit rate?

• Pay on time
• Keep debt minimum- no large balances
• Get a co-signer
• Secured credit card

[20:49]It seems like side hustles are the new big thing- what side hustles do you recommend that are easy to start?

• Department stores

Value Link Round-

[24:18] What books or other podcasts do you recommend to our listeners?

• Book: The Investment Answer
• Podcast: Dough Roller

[26:02]What is the best advice someone ever gave you?

• Put money into an IRA as a teenager

[27:11]What is your favorite word or quote?

• Do one thing every day that scares you

[27:55]How can we find you?

• moneyunder30.com

[28:16]What is some parting advice you have for our listeners?

• You don’t have to be a numbers person to make informed decisions about money.

Brandon Krieg from Stash Invest

Hey Chainers and welcome to another edition of Chain of Wealth. Today we have a special guest, Brandon Krieg from Stash Invest. Brandon is the CEO and co-founder of Stash Invest; an investing platform that has helped over 1.2 million people learn how to invest. Learning how to invest in yourself is one of the hardest things we have to learn how to do.

1. [1:02] question Tell us about your personal life.

• 2 kids- 3 year-old and 4 year-old
• Went to culinary school
• Loves the Rangers hockey team

1. [1:40] question Where did the idea for Stash Invest come from?

• Non-finance friends asked about investing
• People want to do but overwhelmed with fear and not understanding how

1. [3:27] question If you could go back in time and give the 18-year-old version of yourself one piece of advice what would it be and why?

• Saved more money
• Gone out less

1. [4:29] question Give us some insight into what you or your company does.

• Mobile app
• Can start with $5
• Customer gets a financial education
• Can save for retirement

1. [7:43] question If listeners want to get some help in investing their money, how much are fees to help get them started?

• No shenanigan fees
• $1/ month for accounts with less than $5,000
• Free to move money around or close an account

1. [8:59] question Is the money that is invested protected?

• Registered investment advisor
• Accounts opened in people’s names
• FDIC accounts
• All safeguards are in place

1. [9:59] question What is the best strategy to start investing?

• Don’t start with a lump sum
• Invest a little bit every week

1. [12:12] question For our listeners that don’t know, what exactly is a dividend?

• When a company makes a profit and distributes the profit to shareholders
• Mostly paid quarterly

1. [13:01] question What is the tax difference between getting a dividend or receiving interest?

• See your accountant

Value Link Round:

1. [14:08] question Why do people fail?

• In business: stop listening to customers
• In life: they stop listening

1. [15:13] question What books or other podcasts do you recommend to our listeners?

• Book- Lean Startup

1. [15:57] question What is the best advice someone ever gave you?

• Don’t be a shmuck, you’re wasting all your money

1. [16:38] question Is there any last piece of knowledge that you can share with our listeners when it comes to investing their money?

• Start investing
• You don’t need to be rich to invest

1. [17:21] question What is the best way to get in touch with you?

• Email: [email protected]
• Website: https://www.stashinvest.com/

Today we have John Doherty, an entrepreneur and digital marketing consultant. A graduate from James Madison University, located here in Virginia, he graduated in Technical and Scientific Communication as well as Online Publication in December of 2007.

The founder of a company called Credo, a company to connect to other companies with the right agency or marketing consultant for their needs, John is also busy with freelance digital marketing consulting and an amazing photographer.

Welcome John!

1. [1:00] question So, tell us something we don’t know about you.

• Lives in Denver, Colorado
• Married with a dog
• Graduated college in 2007

1. [1:49] question If you could go back in time and give the college version of yourself one piece of advice what would it be and why?

• Have more fun
• Good at managing time

1. [2:39] question What financial mistake did you learn the most from?

• Watch budget more closely

1. [4:27] question Side jobs are so important these days; how did you get started freelance digital marketing?

• Had a friend that needed help
• Needed to make more money

1. [5:33] question So, tell us about Credo. What is it and where did the idea come from?

• Started from freelance marketing side jobs
• Connects startup businesses
• Finds agencies/ consultants to help grow businesses

1. [7:11] question What made you most nervous about starting your own business?

• Might not work out
• Steep learning curve

1. [8:10] question So let’s dive into some search engine discussion-

For our listeners that don’t know, what is SEO?

• Search Engine Optimization
• Getting your website ranked better in search engines (Google)

1. [8:55] question There are a lot of “SEO experts” out there, how can I tell if I am hiring the real deal or a faux expert?

• Look at their experience
• Look for agencies looking to teach you, not keep their “secrets”
• Do they understand how you make money?

1. [10:14] question What is a meta description and do they matter in my SEO description?

• Meta- description- a tag up in the head section of your page that describes what the page is about
• Does not affect your rankings
• Can help with getting more clicks from search results

1. [11:46] question What is the difference between an internal and an inbound link? Can you give an example of when they are used?

• Internal link- a link on your website to another page on website (Site A -> Site B)
• Inbound link –Also known as external link
  • has own page authority
  • Google counts as a vote

1. [13:20] question How long will it take me to see results from my SEO?

• It’s situational
  • Is it a new website?
  • How competitive is the niche?

Value link round:

1. [14:26] question Why do you think people fail in creating their business?

• Afraid to start
• Give up

1. [15:15] question What books or other podcasts do you recommend to our listeners?

• Books:
  • Let my people go surfing
  • The hard thing about hard things
  • Four hour work week

1. [16:09] question What is the best advice someone ever gave you?

• My mother said: oh what a tangled web we weave, when first we purpose to deceive

1. [17:05] question What is a way for our listeners to get in touch with you?

• Twitter: @dohertyjf
• getcredo.com
• Personal website: johnfdoherty.com

1. [] question Any last advice you have for our listeners?

• Don’t take a leap with no safety net
• Have 6 months of emergency money saved up
• You have the 9:00-5:00, but then there’s the 5:00-9:00
• Keep trying- 7 ideas will fail, 2 ideas will be okay, 1 idea will be amazing