FarmMoney Podcast: Recent Episodes
Tim Traister
Topics in personal finance and business from the viewpoint of farmers and ranchers, where we break down the basics to give you an understanding in laymen's terms.
We explore the benefits and problems of using credit cards and why you should never use a debit card.
Understanding the difference between Cash Flow and Net Income or Profit can help you run a more successful business and take the pressure off your daily operations.
We explore how lenders come up with their interest rates, and why mortgage rates are cheaper than farm and business loans.
We discuss how loan amortization works and why you should even care about it. (Hint: its to save you money)
We talk about the Texas Homestead laws and how they might affect rural landowners, farmers, and ranchers. (Remember, I'm not an attorney! This is NOT legal advice!)
We go inside the mind of a banker or investor to understand what they want to see before loaning you money.
We explore what making a profit really means, why its important, and how to determine if you are profitable.
In the first episode we discuss the basics of personal balance sheets and the importance of keeping up with them.