Mar 20th, 2021 | Money Podcast

THEY WANT YOU TO SPEND YOUR STIMULUS CHECK Tom says he has better ideas. People in student loan debt whine about their plight. The latest on Tom's portfolio. Also, what's the difference between a stock and a mutual fund?

From The Wall Street JournalSome Young Americans Fight Economic Unease by Using Stimulus Checks to Pay Down Debt

From The New York Times: I’ve Spent $60,000 to Pay Back Student Loans and Owe More Than Before I Began

Money questions? Send them to Tom:



Submitted by UncleKenta on

As a two time debt deadbeat, once with credit card debt in 1999, the 2nd time buying a home in 2006 when home values were at their peak (it didn't end well in 2009, wink wink, nudge nudge, to those of you considering buying a home in 2021, know what I mean?)...

I want to share with those of you who are in debt up to your eyeballs... You can change. As a life long debt deadbeat, I decided not to do that anymore. You want ruin your life? DEBT is a fantastic way to do it. Works every time.

Also, learning to NEVER ever buying shit I can't afford, and paying off my regular bills and expenses that are all manged thru my Costco credit card, and PAID IN FULL every fucking week without fail, and collecting the cash reward this time of year... PRICELESS. I learned the hard-ways about DEBT, but I learned. I've been broke and I now have a very positive net worth. I can tell you fellow P1's, having money is much better and a hell of a lot more fun than being broke and in debt. I highly recommend it lol. Thank you Dad! You helped me change my life for the better. Do likewise boys. You won't regret it.

Submitted by gokusan on

I would really like to hear Tom do a podcast and give his take on "The Stingy Men Assocation of Nigera." ;) I want to join after what I have read about them.