On this episode of Millionaire or Bust, we start off the show by giving a recap of the events of the week, including the purchase of Washington Mutual by JP Morgan after its seizure by the FDIC, the next most likely bank failures, the possible fate of British mortgage lender Bradford & Bingley, and an update of the major us stock indexes.
Then we get into the current consumer credit limit crackdown by many credit card companies and how it might impact you, what you should do and why.
Finally, with the political season in full swing, Talli and I take the last portion of the show to present and explain the platform for the MOB party. We stand for:
- No Debt
- Having an emergency fund
- Having and sticking to a budget
- Retirement savings before education savings
- Regular investment
- Taking care of your own retirement
- Having appropriate insurances
- Financial education
If you approve of our platform as we presented it in the podcast, please head on over to iTunes and give us a nice review. A vote for us is a vote for teaching others how to provide for their own financial futures. If you disagree, leave us a voicemail feedback with your ideas explained clearly and calmly (unlike the politicians), so that we can play it on the show. Thanks for listening everyone!