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Networth and Chill with Your Rich BFF

Homes, Loans, and Groans - Real Estate Pitfalls to Avoid with Glennda Baker

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 30 October 2024

⏱️ 58 minutes

🧾️ Download transcript

Summary

On today’s episode of Networth and Chill, I’m sitting down with Glennda Baker, an Atlanta real estate mogul and content creator. We sat down and talked about all things real estate, the American dream and why buying a home might actually be in your future! From first time home buyers to experienced real estate pros, Glennda is bringing her A-game and giving you the nitty gritty on all things real estate.  Follow Glennda at: @glenndabaker Got a financial question you want answered in a future episode? Email us at [email protected] Thank you to our sponsors: Marshalls: Shop in-store or online to get the good stuff today! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

$184,000 was the biggest commission check I ever made.

0:04.8

Wait, wait, 137 grand.

0:07.5

How'd you piss away 137 geez?

0:09.6

I'm not the sharpest tool in the shed.

0:11.0

I'm not the dullest either. This episode of Networth and Chill is brought to you by Marshals. I love sharing new tips on how to make the most of your money and

0:25.1

one of the biggest misconceptions about looking good is that you have to spend a lot and I'll be real with you.

0:30.6

I want those high quality items that will last but I'm also on the hunt for the best deal.

0:36.0

How can I dress in brand name on trend pieces without maxing out my credit cards?

0:40.5

My go-to place to do that is marshals where I know I can get the brands I love at 20 to 60% off retail prices.

0:47.0

Visit a store or head to Marshals.com to see what good stuff you can find today. What's up rich, rich,

1:06.3

up rich friends?

1:07.4

Welcome to another episode of Networth and Chill

1:10.0

with me, your host, Vivian 2,

1:11.8

aka your rich BFF and your favorite Wall Street

1:14.4

girly. And today it's going down and by it I mean interest rates. I think we've all

1:21.2

seen the headlines and the Fed aka the one bank to rule them all, is lowering interest rates.

1:26.3

And they're going to continue to do so through the end of the year and into early 2025.

1:31.0

And specifically, what they're lowering is actually called the Fed Funds

1:34.7

Rate. This is a friends and family that banks use for each other to borrow

1:38.8

money overnight. But the reason this is so important is because the Fed funds rate determines all other borrowing interest rates in our economic ecosystem.

1:48.5

So everybody's mortgages and car loans and private student loan rates all depend on the Fed funds rate.

1:55.0

And the big question on everybody's mind right now is if interest rates are dropping it like it's hot,

...

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