045 // Setting a Strong Financial Foundation After College with Danielle Schroeder

📌 Full show notes at https://www.luisfelipeduque.com/045 Big thank you to the podcast partners for making this episode possible PPI: Get 15% discounts on all of their products - https://www.luisfelipeduque.com/PPI2Pass Policygenius: Find the insurance you need for you and your family at the best rates for free - https://www.luisfelipeduque.com/policygeniuslife Skillshare: Learn anything with a free 14-day trial or 30% off an annual subscription - https://www.luisfelipeduque.com/Skillshare Learn more about the podcast sponsors and how to support the show - https://www.luisfelipeduque.com/Partners Regardless of our profession, personal finance is a topic we should all discuss and study. After all, knowing how to budget, invest, save, and ultimately spend our hard-earned salary is crucial to a well-lived life. And as engineers, we're more than capable of doing that. On today's episode, Danielle Schroeder (Dani) jumps back on to present a different side of a civil engineer's life: dealing with money stuff. By elaborating on their previous experiences with money, the mistakes they've already made with it, as well as their knowledge about it, Dani and Luis teach you how to take the reins of your financial life and make the most out of it. What You'll Learn: * What your credit score is and why it's important * Credit card alternatives for non-US citizens * The importance of keeping track of your credit score * How to use your credit card correctly * How opportunity cost plays a role in personal finance decisions; * The meaning behind different FICO Scores * How to build up a high credit score * Why you credit score fluctuates from time to time * How to optimize your credit utilization rate * How to get travel bonuses from your credit card usage * Net worth ― What it is and how to track it * Personal finance apps to help you budget * How to get cash back without misusing your credit card * Budgeting ― Apps vs Spreadsheets * How credit cards can protect you against frauds * How to get your credit report and why you should do so Music by Jack Winders Intro: Midwest Folks Outro: Southern Skies Website: https://www.jackwinders.com [https://www.jackwinders.com/] Facebook: https://www.facebook.com/JackWindersMusic Follow him on Spotify: https://open.spotify.com/artist/0msfukZWdVoUHIvpFvanTU?si=U5jKEdjfSTOetL12ispLcg Connect with me Sign up to my weekly email newsletter // https://www.luisfelipeduque.com/Newsletter My website & blog // https://www.luisfelipeduque.com [https://www.luisfelipeduque.com/] Instagram // https://www.luisfelipeduque.com/Instagram Twitter // https://www.luisfelipeduque.com/Twitter LinkedIn // https://www.luisfelipeduque.com/LinkedIn Facebook // https://www.luisfelipeduque.com/Facebook YouTube // https://www.luisfelipeduque.com/YouTube --- Send in a voice message: https://anchor.fm/engourfuture/message --- Send in a voice message: https://anchor.fm/engourfuture/message