In this conversation, Dr. Sophia Grant and Judy Grant speak with their cousin Nikki Jacks, a finance expert, about personal finance and investing. They discuss the importance of starting on a better financial footing, taking control of your finances, and starting small to achieve financial goals. Nikki emphasizes the need for discipline and automation in managing finances and shares insights on navigating corporate America and salary negotiation. She also provides an introduction to the stock market and offers advice on building an emergency savings fund. The conversation concludes with a discussion on the dangers of credit cards and the importance of responsible credit card usage. In this conversation, Nikki Jacks provides valuable insights into managing credit card debt and building a healthy credit history. She explains the dangers of credit card debt and the compounding effects of interest. Nikki shares strategies for paying off credit card debt, including the snowball method and prioritizing high-interest cards. She also discusses considerations for student loan debt and the potential for forgiveness. Additionally, Nikki highlights the benefits and rewards of credit cards, such as travel perks and cashback options. She emphasizes the importance of credit scores and provides guidance on the number of credit cards needed for a healthy credit history. Finally, Nikki addresses the impact of closing credit cards and offers advice on overcoming financial stress and building discipline.