Car Dealers Are Ripping You Off (& More Money Hacks)

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#62: Anthony O’Neal, #1 national bestselling author and host of The Table w/ Anthony O’Neal, is helping people achieve a debt-free life and become their best version of themselves. You’ll learn:
- The 5 investments to make
- The ways to negotiate
- 3 things to do to become a millionaire
- How to avoid sales tricks
- Slash your debt payments
Get Anthony O’Neal’s latest books:
Debt-Free Degree: The Step-by-Step Guide to Getting Your Kid Through College Without Student Loans: erika.com/anthony-oneal-debt-...
Destroy Your Student Loan Debt: The Step-by-Step Plan to Pay Off Your Student Loans Faster: erika.com/anthony-oneal-destr...
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Thanks for tuning in and come back every Tuesday for a brand-new episode!
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Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠ erika.com/review : (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect!
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Timestamps:
00:00 - Intro
01:51 - Anthony's Earliest Money Memory
03:29 - Biggest Money Mistake That Anthony Made
09:30 - Debt Collection and Negotiation Strategies
18:00 - How to get out of Medical Debt
24:55 - Why Anthony Doesn't Believe In Credit Cards
38:03 - Car financing and the importance of understanding the total cost of ownership
45:34 - What is HSA and why is it important?
48:09 - What Does Anthony Say About Investing?
53:34 - CDs, interest, and penalties
01:02:53 - What would Anthony do to spend his $1,000 on?
01:10:22 - Rapid Fire Q&A with Anthony
01:13:29 - Anthony Taught Me

[@BrokeMillionaire1]

Anthony interviewed my wife and I 2 years ago. We enjoyed that experience.

[@mjmartinez8373]

My favorite episode by far, thank you both ! AO is so relatable and laid back and Erika will always be amazing. You can just see the relaxed/confident energy between the two !

[@christianwellmann4112]

I definitely appreciated this show. I love how great minds can come together and not only share their knowledge to others, but help each other grow. I feel like we are always life long apprentices and should always be learning. Thank you Erika and Anthony!

[@apcdesignznyc]

Respect for how Erika and Anthony learned from one another while sharing with the audience! ❤

[@PBlueturtle]

This was such a good podcast! Thank you, Erika and Anthony!

[@TeamStephon]

Great Episode again! Thank you, Erika and your team, for putting together an amazing product! I love the growth from the very first podcast till now, and it improves every time!

[@tz1731]

Awesome interview! Loved the practical and clearly presented steps. Also, the solid tips on negotiations. Finally, the very simple and clear explanation of CDs. Thank you

[@erikageneroso1230]

I want to be in your circle of friends. This is such a good conversation that can probably go on forever. It's so nice to hear personal experiences and lessons in life. Appreciate both Erika and AO for the extra knowledge I gained.

[@lhale528]

Great information! It’s hard to say one thing was helpful because you both covered so many great, life changing goals! This was a blessing to hear! Thank you!

[@vaughna.9958]

Thoroughly enjoyed this interview. Very practical advice for many people and really funny.

[@micheller2802]

I love how he calls Erika “E.” Feels like they’ve been friends for a while. 😂

[@joanncole9603]

Very helpful to hear the explanation on CD’s.

[@weareight6567]

Thanks for this! Helpful and timely information.

[@shortstuff5503]

Erika this one of the best shows! Thanks a million for all you do. Please get some much needed rest.

[@Erika2]

awww thank you!!

[@thevictoriasadventures6015]

I ve learned a lot in different areas on how to save money. I love the ideas how to negotiate in many situations. I love it. thanks

[@beautynj]

I really do enjoy Anthony’s honesty:) refreshing! He is so himself in all videos!

[@thedivorceediaries]

This was such a great episode! Thanks for the amazing nuggets of wisdom!

[@Steinlage63]

Excellent interview!!

[@humzj]

Great episode Erika very entertaining :)

[@dianarodriguez6026]

Thank you for sharing practical advice ❤

[@soniamclean6694]

Loved this episode, you’re both a wealth of information. You both should do this more often on each other’s shows. l am subscribed to both.

[@KM-li6jo]

I loved the show! I will definitely be listening to more shows!!😊

[@aubreytraverse.]

AO is great glad you had him on keep up the great work!

[@annettehurd9391]

Great info! ❤ I agree with you Erika on the Credit Cards and teach him a few new tricks.

[@chrysy_chu7]

This was so good!

[@frontosaarowana1919]

Erika this was awesome and definitely took note specifically the part where i am mean to my self because I don't invest on myself enough🤔💯💯🙏🙏💪💯

[@SSS-wo2hn]

I hear this ALL the time. No one taught me that I had to pay back money that I borrow.🤯🤯🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️ Common sense is not common.

[@marvahammonds6850]

I’m a new subscriber I really appreciate the information thank you 😊

[@BrokeMillionaire1]

I think the take on black women not accepting a coffee date is ridiculous. He is generalizing an entire group based off of the actions of a small percentage. I think most women are good with a coffee date.

[@Lifeisgoodtootherpeople]

thank you

[@PardonMyPresence]

Most reasonable women of any race would be.

[@travelfoodielove]

Um no

[@beautynj]

Agreed but he is right for the majority of black women!

[@PardonMyPresence]

@@beautynj you've never met the majority of black women much less had an opportunity to date them

[@eliot5220]

I enjoyed hearing AO tell his story. It is very inspiring to hear a story that turns out good.

[@BrokeMillionaire1]

AO said “I’m a man, I pay for everything”. Then he tells the story of the lady who pulled out her credit card to pay for lunch. 😂

[@checkurfruit1st]

Erika & AO, This was by far one of my favorite episodes. The pair of you mesh like you were childhood neighbors and best friends (maybe it's because you were both military brats). As a USMC brat & USAF retiree, I found that the info in this podcast provided several gems that I will use as I embark on my second career.

[@emmalarson]

Wow. I had no idea that’s how CDs worked! I also have NFCU so this whole episode was gold!

[@MyWillbot]

One thing I do is bring my own copy of my drivers license when I test drive a car. Most dealers will hold your ID hostage to get the upper hand on negotiations and keep you from leaving. Bring your own copy of front and back of the drivers license and give to them instead of your actual ID

[@Jason_The_Man]

Brilliant 🎉

[@ubad1981]

I'm not understanding...how can a dealer keep your license? Tell them you don't want the car, give me my license and leave. 🤷🏿‍♂️They can't hold your license because of negotiations. STOP ALL NEGOTIATIONS‼️

[@MyWillbot]

@@ubad1981 have you ever gone to a dealership? This is a common tactic, take your license to “make a copy” of it, but then they hold onto it to keep you there. If you give them the copy, they can’t hold you hostage

[@adriannehubbard3452]

I’d like remind everyone that in order to negotiate you have to be in a position to negotiate. These people have 6 figures and their sellers know it. If you’ve only got 2 Pennys people are much less accommodating.

[@Sam88677]

I have done that too! If I don't feel confident with the person I am speaking to, I will say I have to take this other call, I'm sorry, I'll have to call back. I usually get a much better rep on the phone.

[@SOHD]

The best episode 🎉🎉🎉

[@francobola9920]

I have O'Neal subscribed, but I like the interview , Erika , you seem to get the questions that don't really get asked in general. Your awesome. I got to know him a bit more. Your edge is the sweetness and smile , but really your interview style I like better.

[@maryd8370]

Great interview! I’m a huge AO fan! I’m a huge Erika fan too! 😁

[@krzysztofbirlet3951]

You just reminded me that I could or rather should get a new (to me) Jaguar car :) Thanks :)

[@jeannettedrown7687]

AO is so entertaining. AO and Erika are a great combo.

[@lc8602]

Learned a lot from this. I want to save money to buy car.

[@brian7110]

Anthony's sound of excitement about the CD at 54:52 😅👌🏽

[@ZuluNation05]

Treasury bills are fire too

[@randymarsh9488]

I have navy Federal too!!

[@knicoleyao]

Incredible content! However, the audio of this one drove me nuts! I was listening to it while driving, and I had to turn the volume up and dowm just to hear the guest properly.

[@ericlopez2549]

if it's possible can u make a video at what age should someone retire 62 or wait for full benefits... What's the advantage of Retiring at 62

[@user-jw8jj3gs9c]

I can’t find your pod cast on Apple.

[@Tdubtheyunghogg]

What’s a cd

[@ramsesseven7161]

Congrats Ericka on your marriage and make it last forever 👏🏿👏🏿👏🏿

[@lawandajames1130]

FYI: I'm a black female who would be interested in a coffee date!

[@Pancake_cake_cake55]

I was about to buy a car as well

[@donatusnwafejokwu7087]

Please Erika, how do I get in touch with this guy? He is awesome and well informed. Thanks

[@Erika2]

He's awesome! @anthonyoneal on KZbin and Instagram

[@samtx5518]

Erika and Anthony on the same podcast? Amazing…always learning so much from these two. Get your notebook out and popcorn and buckle in…!

[@Steinlage63]

Excellent interview!!

[@phoenixnmhesq]

I think the idea that “if you have to finance a car, you’re buying a car outside of your budget” is not great everyday logic. Some people really need a car and they can pay a monthly bill but may not have thousands to pay for a car. Also, those cars in your budget might break down in three months. What’s the point of that?

[@dral22]

Erika was RIGHT, you're just MAD 🥴🤪😝

[@trackgirl71]

Tried listening to the podcast version yesterday but kept receiving an error message. Did anyone else have this problem?

[@Erika2]

This is fixed now so you can listen on Apple Podcasts! Thank you SO much for telling me about it.

[@reginaldshorey9062]

That was a great show. Erica. I follow Anthony on his show. All the time and I've seen you on Instagram. Many times and taking some of your tips to heart. did not know you had a show. Will follow you and look at your past shows. Thanks, keep growing.

[@benkwaku4632]

What is CD?

[@janejones2439]

Certificate of deposit. Which means once you open one be it 3,6,9 or 12 mos. You can't withdraw any money from it without a penalty before it matures.

[@phoenixnmhesq]

I want to know who won’t go for a coffee date, but they’ll settle for $99. These type of guys are so confused. How can you say the first date doesn’t mean anything, then say you can’t spend $10 on coffee, then talk about it says nothing about your worth. I don’t think the date has to be expensive, (I actually like the coffee date and walk to talk and get to know one another) but this very low limit that he puts on what he will spend on a first date does say something about how much he values her

[@simmsw1]

I like coffee dates 🙂

[@natalee6654]

If I don't know you we're going to Tims or Starbucks...dinners are too long and if it doesn't start off well I'm not staying.

[@madvillainy6845]

I think a big mistake parents make over the past say 50 or 60 years is not preparing their children better for the real world. Before that adults were adults even before 18 years of age.

[@Sam88677]

Please get the Gap insurance if you take out a loan.

[@IdeaInconclusa]

👍

[@johnnysood3997]

Car dealers with employees and not ripping anything instead providing employment

[@tonyadockery1321]

Main man needs to find a girl that appreciates a coffee and walk around town date. She’s going to be the girl that doesn’t need a $20k ring, and appreciates the money he has without feeling entitled to it

[@yessy219]

I am Christian, well educated, will dress up for a date, and would take a coffee date 🙃

[@IssaRaeOf10S]

After the news about Navy Federal Credit Union denying Black mortgage applicants, I hope you both close your accounts.

[@teresab208]

Your parents was supposed to teach you that

[@brian7110]

"You have to be willing to be uncomfortable for a season, to change the rest of your life" 1:12:03 ... This mfer spittin! 🫳🏽🎤

[@bkbjorn3487]

God sent me here. This is truly the most easily understood financial conversation I have ever listened to. Thank you God…and Erika! I’m hitting subscribe. 🫡