Money Plan SOS

Money Plan SOS


sos065 How to be Richer, Smarter, and Better Looking with Zac Bissonnette

June 12, 2012

Zac Bissonnette, author of the incredible book Debt Free U, talks about his newest release "How To Be Richer, Smarter, and Better Looking Than Your Parents".
He wrote the book with one simple question in mind
What should young people do with their money in order to have the best possible life today and for the rest of their life?

Zac shares his experiences and what he learned from the incredible amount of behavioral and statistical studies quoted throughout the book. For example:

It is more important to be satisfied with your choice of career than annual salary.
The more TV you watch, the fatter, poorer, and stupider you get.
When paying with a credit card people tend to buy food that are less-healthy.
On average, people who receive $25 in cash back rewards spend $79 more a month and increase their debt by $191 in 3 months
Used cars are an excellent value as they do not break down as often as they used to
An Executive from Morgan-Chase is carrying a credit card made from $15,000 in materials!

Listener questions featured in this episode:
This question Joshua Brown from Brown's Balanced Life

How much insurance does a single person need?
Jen McDonough from TheIronJen.com asks Zac:

How do you recommend we reach out to younger adults about the subject of money?
Lacey from Donation-Can.com wants to know:

What does the Military offer the college bound?

Feel free to comment below.

 
Also mentioned in this episode:
To watch my Amazon video-review, or to order "How To Be Richer, Smarter, and Better Looking Than Your Parents" on Kindle or in paperback, visit http://MoneyPlanSOS.com/Zac

As mentioned, I was a guest on the JW Financial Coaching podcast. We talk about why it is so beneficial to stay invested in the market for a long period of time:

Deacon Bradley from LifeStoked.com, Jon White from JWFinancialCoaching.com and I "Hangout", a 30-minute video where we explain "How to balance investing in yourself with saving for retirement".

http://youtu.be/4D2ntf2AwVY

The MoneyPlan SOS Podcast was recommended in Steve Julien's new book "A Debt Free You", available in Kindle and paperback on Amazon. Psssst - check out the bottom of page 52.

Do you know the secret hash-tag? Tweet it to me @MoneyPlanSOS

Thanks for being a listener!