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

Engineering our Future: Empowering Engineers to Become Leaders Podcast

📌 Full show notes at https://www.luisfelipeduque.com/045

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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
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