Aug 18, 2016

NGPF Podcast: Tim Talks To The Budgetnista, Tiffany Aliche

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Thanks to “The Budgetnista” Tiffany Aliche for joining the NGPF podcast recently. Tiffany shares her personal story, including how a request for a bike on her twelfth birthday led to a great budgeting lesson from her father and what she learned from her initial foray into investing. Full of practical advice about how to use mental accounting and behavioral nudges to encourage saving, you will walk away with ideas from this podcast that you can implement in your life. Enjoy!

Details:

0:00~1:00 – Introduction
1:00~1:43 – Tiffany’s day job
1:43~7:40 – The ‘bike story’
7:40~8:24 – Where does the name ‘budgetnista’ come from?
8:24~11:06 – The road to becoming a ‘budgetnista’
11:06~12:47 – How Tiffany’s father learned about personal finance
12:47~20:40 – Tiffany’s biggest financial mistake
20:40~21:07 – A word from our sponsor, Next Gen Personal Finance
21:07~23:26 – Teaching personal finance
23:26~26:44 – Bringing personal finance to life for students
26:44~28:33 – The one week budget exercise
28:33~34:27 – How Tiffany pays her bills
34:27~35:55 – Stocks or index funds
35:55~36:23 – Right age to get a credit card
36:23~36:52 – Biggest mistake young adults make
36:52~37:42 – Best and worst financial habits
37:42~38:21 – Books Tiffany recommends
38:21~39:19 – Tiffany’s high school billboard message
30:19~40:35 – Who Tiffany thinks is ‘successful’
40:35~41:59 – Teaching Ivy League students about money
41:59~42:57 – Tiffany’s advice for teachers
42:57~ – Conclusion
Resources:
Notable Quotes:
  • “What I’m really good at is saying here’s this thing that you don’t know and here’s a step by step process holding your hand while not making you feel bad about not knowing and  here’s how you get to a place where you now know.”
  • “It doesn’t make sense to get a credit card if you can’t pay for it.”

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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