Episode 33: Jamie McMahon - Utilizing Your Bank and Credit Cards To Your Advantage

Why should we use our credit cards to our advantage rather than let banks and credit card companies take advantage of us?

Even though most people avoid talking about credit cards and scores, we're going to dispel some myths today that we've long held. If you think you need to be flying first class for you to learn from this episode, then you are mistaken. Making your credit card work for you is a big life win, whether you're putting fuel in your car, buying groceries, or paying bills. Tune in as our friend Jamie McMahon educates us on credit card numbers. Discover how responsibility can lead to real success.

Jamie McMahon is a firefighter at the same station where Aaron works. After graduating college and spending his life in the Midwest, he moved to the East Coast. During the Great Recession of 2008, there was a downturn in the Midwest job market; cities were bankrupt, laying off people. He discovered credit cards' rewards system and point system while seeking a job in Washington, DC, in 2016. A total of 21 cards have been issued to him to date, each with a different score.

During this episode, Jamie explains how credit cards and credit scores work to make them work for the user's benefit, not the lender's.

Why you need to check today’s episode:

• Find out how to use your points in accordance with the 5/24 and 1/5 rules;
• Understand how to get the most out of your credit card and your credit score; and
• Understand that credit cards aren't only for people who fly first class, but for anyone spending money or consuming goods

“My option may not be the answer for everyone, and that’s okay. You may want to go down a different route. There are routes out there for everyone.”

– Jamie McMahon

Topics Covered:

1:08 – “This is how I reward myself and my family. Just doing a little bit of research and makin