Tiny Leaps, Big Changes

In this episode, we look at the APR on our credit cards and loans. 

Quotes:

"More than 40% of Gen Z, around 30% of Millennials and Gen X, and almost 40% of Baby Boomers say they don’t know what the interest rate on their credit card is, according to a new survey by Stash, a micro-investing and banking app.

But it’s not like folks don’t need to know because they’re paying off their bill in full each month and not triggering any interest charges: Americans paid $113 billion in credit card interest last year, up 12% from 2017, and up a whopping 49% from five years ago when the national average was just $76.3 billion, according to MagnifyMoney, a financial product comparison website."

Takeaways:

1. A higher APR or Annual Percentage Rate leads to paying more overtime. This seems basic but is often underestimated.

2. If you aren't extremely careful, you can get into a situation where you are never able to get out of the debt (student loans).

3. Higher APR means less gets paid on the principle which means carrying a higher balance for longer and lowering your credit score.

Here's what to do:

Resources:

https://money.com/millennials-love-to-pay-with-credit-cards-but-almost-30-of-them-cant-name-their-interest-rate/

In this episode, we talk about my top 3 favorite mental health apps right now.

Subscribe on YouTube: http://youtube.com/greggclunis

In this episode, we discuss the role your reaction plays in creating the life you really want. 

Subscribe on YouTube: http://youtube.com/greggclunis

In this episode, we talk about how to change your money mindset. 

Join Empower: http://empower.me/tinyleaps

There is a very simple, straight-forward approach to creating change. In this episode I'll share it with you. 

Join Blinkist: http://blinkist.com/tinyleaps

In this episode, I share some lessons learned from visiting the Kennedy Space Center down in Florida. 

Try Four Sigmatic: http://foursigmatic.com/tinyleaps

In this episode, we look at how to find fulfillment in any area of your life.   

Try Better Help: http://betterhelp.com/tinyleaps 

Try Thrive Causemetics: http://thrivecausemetics.com/tinyleaps

In this episode, we look at 3 books that changed my life.   

Drink Hydrant: www.drinkhydrant.com | code tinyleaps 

Join Empower: www.empower.me/tinyleaps  

In this episode, we look at a basic process for improving your credit.   

Resources: 

https://www.moneyunder30.com/how-credit-works  

https://www.credit.com/credit-reports/how-credit-works/

In this episode, we look at how to develop EQ.

What is EQ?

“Your EQ is the level of your ability to understand other people, what motivates them and how to work cooperatively with them,” - Howard Gardner

5 Aspects of EQ

How to Develop EQ

Resources:

https://psychcentral.com/lib/what-is-emotional-intelligence-eq/