Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

  You ask and we answer.  Five listener questions on everything from Dave Ramsey to credit cards to how to stay disciplined with spending.  1.  What is Lending Club and how is it classified?  Lending Club is a market place for crowd sourced loans.  It should be a tiny portion of your portfolio because it’s very risky.  It would be more akin to something like a penny stock than a bond. 2.  Why do we rag on Dave Ramsey so much?  Oh, you noticed.  A couple of reasons.  LMM’s doesn’t like the religious overtone to everything he says and writes.  We also disagree with his snow ball method of debt reduction.  It doesn’t make sense mathematically.  We go into this in great detail in Episode 95.  We also give Dave a lot of credit for making people think about personal finance.  Anyone doing that is doing a good thing even if we disagree with the tone or approach. 3.  How do you develop the discipline to not spend money?  In the beginning at least, surround yourself with personal finance.  Read books, listen to podc