The Money Jar - The Podcast about Kids, Families and Money

Categorized | The Money Jar

The Money JAR #33: Establishing Credit

Getting a credit card can be a daunting experience for some people…especially teens and their parents. On this week’s episode, we talk to Producer, Alex Ward about his decision to avoid using credit cards thus far, and its resulting implications. Additionally, our host speaks with Forbes contributing writer and philanthropist, Devin Thorpe, as he discusses the myths surrounding the establishment of credit, and why having a credit card early is important for teens in learning financial responsibility.

 

Popular guest speaker and author Devin D. Thorpe is a Forbes Contributor who covers social entrepreneurship, impact investing, philanthropy and corporate social responsibility. He brings a broad perspective to financial planning, having owned and operated an investment-banking firm, which included an investment advisory business, a mortgage brokerage and having served in a variety of corporate finance positions. http://www.forbes.com/sites/devinthorpe/ 

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Show Hosts

Your hosts

Todd Yuzuriha and Evan Wilson

Evan is married with two young children and lives in Portland, OR. He's a Partner and the CFO of The Official Manufacturing Company, a strategy, branding and design agency. He's also on the board or a strategic advisor of a few young companies. Previously, he was a Partner at Pacific Crest, a top technology boutique investment bank, which was acquired by Key Bank in 2014. He led the firm’s coverage of the Internet, social media and games, was frequently named to Institutional Investor‘s All-American Research Team and was regularly featured on CNBC and in The New York Times & The Wall Street Journal. Evan graduated from Linfield College, where he played basketball, studied finance and computer science and was an Academic All-American.

Todd is passionate about personal finance and began investing at age 12. He retired as Vice President of Engi-neering for Logitech, where he led product development of the company's audio and video game products. Previously he was Senior Vice President of Engineering for Labtec, Senior Director at Sharp Microelectronics, and Engineering Manager at Tektronix. Todd has a bachelor's degree in engineering from Stanford, a master's degree in engineering from the University of California at Berkeley, and an M.B.A. from the University of Portland. Todd is married and has 3 children. He serves on the boards of Evergreen Public Schools in Vancouver, Washington and the Fort Vancouver Regional Library District and plays trumpet.