Jason Feifer
speaker
848 appearances
6 recordings
2 series
first heard Nov 2024
last heard 12 Jun
Jason Feifer’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
And so making sure that you are putting money in a place where you have All your tax incentivization set up with time moving in your child's direction is huge.
And so make sure you're consulting with the CPA, make sure you're working with an investment specialist or doing your own due diligence before you decide the investment selections in these 529 plans or wherever it is that you are saving for your child's future. But it's like anything, just like retirement, the earlier you start, the better you'll be off.
Correct.
Yeah, I mean, this is very prevalent with Gen Z's too, right? We're seeing right now that the credit card debt that is being amassed by Gen Z's is higher than any generation before. Obviously, inflation playing an impact on that. And I think that the problem is like, everyone knows it.
Like you're trying to keep up with the Jones and try to keep up with Instagram, try to keep up with the Kardashians, everything. And the only person at the end of the day that you're impacting is yourself. And it's weird that finance and therapy actually connect in a lot of ways. And one thing I tell people to consider is behavioral based budgeting.
So that's the idea of going to look at your last three credit card statements and And just pay attention to outlying purchases. You don't have to do Excel file. There's a calculator work. Just literally scan it and just ask yourself why. What was the purpose of that purchase? Are you a purple people pleaser? Are you sitting at dinners feeling like you have to pick it up or you have to buy a drink?
Are you someone that's trying to impress others through your goods or what you're wearing or where you're going and how you're going and what you're doing? And I think through that, you can understand behaviors about yourself. And the only way that you'll be able to cure those things are by working on yourself. And so, you know, one example I always give is like, I was 21.
I'm going through my credit card statements and I just see bar tabs that are exorbitant. And I'm like, listen, I like to have a good time, but there's no way I could drink that much. Well, Started to do some therapy within and looking at my behaviors. I was struggling with confidence. I was struggling with identity. I was in a city I didn't know many people.
And where was that actually impacting me? My wallet and my credit card bill. I'd throw my credit card down, open a tab and say drinks on me. And so that was actually a me issue. And I think through our spending, through Gen Z's, through Try Reality Stars, trying to keep up with other reality stars. It's actually behavioral issues with us that is showing up in our spending.
And we can learn a lot about ourselves based on how we're executing transactions with our money. And once we work on those issues, you'll see a huge impact and return on our wallets.
Precisely. Exactly.
Oh, yeah.
I have maxed out a credit card.
Yeah. I did a little thing where I had a 0% interest rate credit card for 21 months, but I was working full time. So I put my tuition from my MBA on my credit card, knowing that the cash inflow from my job was coming, but I didn't have to- to have interest on my debt, like with student loans, but I did max out my credit card for that.
I think it's like a eight 15 or something like that. Yeah. Yeah.
But again, that's great. I mean, that's incredible. That's incredible. You've beaten this down over and over, but the impact of credit is so significant on your cash outflows and the entirety of your life, what capital costs you.
Yeah, you don't need a perfect one. You just need a good one. You'll get the same benefits as everyone in the range of good.
Absolutely. Discuss it. First of all, it forces you to step into it. Second of all, your state already has a prenup for you. It's the laws that create my customize it. And another one for your audience, which I'm assuming based on like this discussion is a very female based post-numps are huge, right?
Like if you are a caretaker after you're married for your family and you are putting your career on hold and your earnings and everything else that could come with the power of if you were working, but you are providing, which creates such massive value for your family entity as it is. A post-up can really help protect you in those circumstances too. Okay, I'm done.
Writing a book sucks. I mean, like, I love it. It's there forever. I love the impact, but it's brutal.
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