Multiple Bank Accounts
Saving money at the airport and why you should consider having multiple bank accounts.

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In this mini-episode, I share how you can save money on coffee at the airport and why you should have multiple bank accounts. For more money tips, join me live every Sunday over on my Facebook page (@thethoughtcard).

Tip #1: Instead of buying coffee at the airport, get free coffee during your flight. Now it might not be a latte or frappuccino but it still does the job. So if you want to save money on coffee, get it for free on your next flight.

Tip #2: Unlimited free Wi-Fi has become very popular in airports. While waiting for your flight, get some work done or connect with family and friends on social media by taking advantage of the free Wi-Fi.

Tip #3: Having multiple bank accounts is any easy way to manage your money. It allows you to see each line item on your budget separately so at a glance, you know exactly how much money you can spend.

Tips for setting up multiple bank accounts:

  • Figure out how many accounts you need based on your budget.
  • Next take advantage of automation – direct deposit money from your employer into specific bank accounts so all you have to do swipe and spend.

Resources Mentioned:

Back to Budgeting Basics: Why You Need Multiple Bank Accounts

REVIVE Your Budget Challenge – this free budgeting challenge focuses less on number crunching and more on reframing your mindset so you can reach your financial goals sooner.

Need help setting financial goals? Check out Episode 21 where we explore how setting better financial goals can lead to financial success.


This episode of The Thought Card is sponsored by my Back to Budgeting Basics course. In this self-paced online course we debunk the myths that budgeting is “hard” and I help you quickly create a personalized goal-centric budget that aligns with your priorities and values.

A budget is a powerful wealth building tool which helps you reach your financial goals. So if you tried budgeting in the past and lost momentum, or have been winging it, and haven’t really seen much progress, this course is designed for you.

If you want to pay off your debt, save some extra money or have the cash on hand to do the things you love, it’s time to take control of your finances and learn how to set yourself up for financial success with this signature budgeting course.

Frantzces Lys co-found of Chronicles Abroad
Travel is transformative!

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Frantzces Lys is a Life Coach and the co-founder of Chronicles Abroad. Chronicles Abroad is a blog and podcast that uses travel to highlight stories of personal growth. From courageous world travelers and creative wanderers to digital nomads, Frantzces and co-host Nubia inspire people who have been wavering to finally pursue their dreams of moving abroad.

Frantzces also writes for various online platforms such as Tiny Buddha and she is a regular contributor to SOULE, an online publication for LGBTQ news and pop culture. Her mission in life is to inspire people to live mission-driven lives that feed their souls.

Life is like a movie but unlike movies, there are no sequels.

In this episode we cover:

  • Living, working and traveling abroad
  • How Facebook is a go-to for finding expat communities online
  • Frantzces’ personal experience being black in Asia
  • Maintaining natural hair abroad
  • Tackling student loans while living abroad
  • How travel is transformative

Connect with Frantzces Lys:

Facebook: @chroniclesabroad

Instagram: @chroniclesabroad

Instagram: @frantzceslys

Twitter: @chronicleabroad

Email: info@chroniclesabroad.com

Interested in moving abroad but unsure of where to start? Catch the replay of Novice to Nomad the 90-minute webinar where you’ll receive the blueprint to moving abroad.

Thank you so much for listening to the show, please leave us a rating and a review!


Loved this episode?

You’ll also enjoy this conversation with Kylie Neuhaus about moving to the USA as a British expat and wife.

Also, check out my guest appearance on Chronicles Abroad where I share tips to travel more affordably – Episode 59: Danielle Teaches Affordability While Helping Others Build Financial Wealth

Are you a Women of Color interested in starting a podcast?  For information and inspiration join Women of Color Podcasters Facebook Group.

How much does it cost to start a podcast?
Danielle (host of The Thought Card) and Shereen (host of Creative Breakthrough) share the real costs of starting a podcast.

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Today I’m joined by Shereen “a.k.a. funnybrowngirl” Kassam. Shereen is an internationally touring stand up comedian, radio personality, actress and the host of Creative Breakthrough a podcast where passion and hustle meet.

Creative Breakthrough helps creatives jump start their creative careers by bringing listeners in-depth career driving conversations with successful creative leaders of color across TV, film, music, literature and more.

If you’re thinking about starting a podcast and wondering how much it costs, this episode is for you. My hope is that by pulling back the curtain a bit and sharing how much podcasting costs, you’ll be able to make an informed financial decision about starting a podcast.

Spoiler alert, both Shareen and I spent over $650 while podcasting for 3 months (including start-up costs).

So how much does it cost to start a podcast?

In this episode, we chat about our podcasting costs for:

  • Microphones and accessories
  • Software
  • Website and maintenance
  • Production
  • Podcast hosting costs
  • Social media
  • Email
  • Podcast conferences and events

Resources Mentioned 

Connect with Shareen Kassam

Website: www.funnybrowngirl.com

Facebook: @funnybrowngirl

Instagram: @funnybrowngirl

Twitter: @funnybrowngirl


Thanks again for listening to the show! 

If you found this show helpful, please rate, review and subscribe to the show on Apple Podcasts, Spotify, Stitcher, TuneIn or Google Podcasts.

See you next time were we chat with Terri Huggins about freelance writing.

Brandon Neth from FinanceBuzz.com is an entrepreneur, real estate investor and travel enthusiast.
How to take advantage of points and miles, side hustles, and leverage real estate to build wealth.

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Brandon Neth left the U.S. for the first time in 2008 destined to teach English in Thailand. Him and his wife left with only $3,500 to their name. Twenty-two months later they returned home addicted to travel.

During their time abroad, Brandon taught English in China and India and worked in Australia for a year where he made some serious cash. Knowing he wanted to continue his nomadic lifestyle, Brandon tried a little bit of everything, however, when he discovered points and miles, it all came together.

Combining entrepreneurship, side hustles, investing and real estate, Brandon continues his nomadic lifestyle by diversifying his income streams.

Sixty-four countries later, Brandon and his wife travel six months out of the year. In addition to owning several real estate properties, Brandon works at Financebuzz.com, a personal finance site that provides valuable and entertaining content about personal finance and travel. 

In this episode we chat about:

  • Why using credit cards is a good idea if you want to travel more
  • Brandon’s favorite credit cards for travel rewards
  • What to look out for when getting a new credit card
  • How Brandon saved $100,000 working in Austraulia on the working holiday visa
  • Examples of side hustles that work
  • What digital nomads should look for when picking to live in a new destination including: internet speed, friendly locals, affordable standards of living, easy local laws and delicious food.
  • How to get started house hacking and leveraging real estate
  • Investing in ETFs and index funds

Resources Mentioned

Connect with Brandon Neth:

Website: https://financebuzz.com/

Instagram: @financebuzztravel

Pinterest: @financebuzzoffical


Thanks again for listening to the show!

Ratings help this show get more easily found in search, so don’t forget to rate, review and subscribe to the show. By subscribing you’ll automatically get notified as soon as new episodes come out every other Thursday.

Interested in sharpening your budgeting skills?

Join us over at Back to Budgeting Basics, the course where I teach you how to create a budget that helps you save money every month!

2018 Year in Review The Thought Card by Danielle Desir
Reflecting on how far I’ve come in a year.

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Happy New Year! I can’t believe that we are already a week into the new year.

I experienced a lot this year. Many great things happened and I learned a lot of important lessons along the way.

Throughout 2018 I was bold.

I got a promotion (which I negotiated), I started this podcast (with no experience), spoke at a podcasting conference and I even found love.

In this episode I share what worked in 2018, what didn’t work and the most important lessons I learned. I also share my top goals for 2019 and why “committed” is my word for the new year.

Year End Review Resources Mentioned

Back to Budgeting Basics Course

What Worked in 2018

  1. Got a promotion at work. I’m now a Grants Manager.
  2. Launched The Thought Card podcast with over 500 downloads in the first month.
  3. Created WOC Podcasters (Women of Color) an inclusive podcasting community for learning, networking and sharing resources.
  4. Presented at Podcast Movement in Philadelphia, the world’s largest podcasting conference.
  5. Became an editorial board member of Podcast Business Journal.
  6. Participated in my first panel discussion in New York City with A.I.M. Unlimited.
  7. Went on lots of short trips in 2018 including trips to Ireland, Chicago, Oslo, Iceland, Puerto Rico, the Finger Lakes (New York), Orlando and Toronto.
  8. Attended FinCon and TBEX North America – Listen to Episode 8 where Yasmine and I share tips for attending FinCon for the first time.
  9. Got featured on lots of podcasts including Chronicles Abroad, Comfortably Excluded, WTF?! IDK Podcast and Travel Fuels Life.
  10. As a freelance writer, I also contributed 5 articles to Go Banking Rates, a leading personal finance banking website.
Tips for paying off credit card debt and student loans faster.

What Didn’t Work in 2018

  1. Overworked myself and got really sick.
  2. House hacking and having roommates was challenging – don’t worry, they moved out!
  3. I didn’t finish working on my book. 
  4. Planned too many trips, too far in advance and had to cancel.

Lessons Learned in 2018

  1. Health is wealth. 
  2. Budgeting is still very important

What are your goals for 2019?


Leave me voicemail or join the conversation over at Financially Savvy Travelers and share your top travel or money goals for the new year! Happy New Year!

5 Destinations Where the US is Strong Right Now
What is a foreign exchange rate?

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Did you know that visiting countries with a favorable exchange rate (where the US dollar is strong), is an easy way to stretch your travel budget without really trying?

In this episode we cover:

  • What is a foreign exchange rate?
  • How to take advantage of favorable exchange rates to save money on your next trip
  • 5 countries where the US dollar goes further right now

What is a foreign exchange rate?

A foreign exchange rate compares the value of two currencies.

For travelers, the exchange rate is very important because when we travel, we exchange our home currency for a foreign currency.

So as an American, I think of it this way, how far will $1 USD dollar get me in another country? How many euros or pesos can I buy with $1 US dollar?

What does it mean to have a strong or weak currency?

With a strong home currency, your money is worth more abroad which means that you spend less on everything. On the other hand when your home currency is weak, your money is worth less. This ultimately means that you’ll spend more on everything.

With that being said as you plan for your upcoming trips, consider visiting countries with a favorable exchange rate to get a bit more bang for your buck.


Don’t forget to support the local economies wherever you visit.

Some easy ways to support local economies include joining local group tours with local guides, eating at locally owned restaurants, buying souvenirs from artisans and staying at guest houses using Airbnb.


Where are the best places to exchange money?

For the best exchange rates, exchange your money at your local bank in your hometown or an ATM when you arrive at your destination. Both options allow you to get local currency at the current exchange rate.

Avoid airport currency exchange counters, they charge exuberant fees unnecessarily.

Alternatively you can use a debit card with no ATM fees or a credit card with no foreign transaction fees. Also for the best exchange rates, always opt for paying in local currency.

To check currency exchange rates use an exchange rate calculator like Oanda Currency Converter.

5 Destinations Where the US Dollar Goes Further

(Exchange rates as of January 2019)

Turkey

$1 = 5.22 Turkish Lira (TRY)

Turkey is at the top of my travel wish list.

Turkey’s art, culture, and landscape make it an incredibly diverse country. I hope to spend lots of time in Istanbul, but I also want to visit Troy, Ephesus, and go on a hot air balloon ride in Cappadocia.

For more on Cappadocia check out Christopher Rudder’s 48 Hours in Cappadocia Itinerary

Mexico

$1 USD = 19.39 Mexican peso (MXN)

So far I’ve had the chance to visit two Mexican cities, Cancun and Mexico City.

During both trips food, lodging and Uber rides were affordable. For big city enthusiasts, I highly recommend visiting Mexico City.

How affordable is Mexico City? Plan your trip with my Mexico City Budget Breakdown.

India

$1 USD = 69.23 Idian rupee (INR)

India is home to great architecture like the Taj Mahal (one of the seven wonders of the world), the Ganges River (considered the holiest river in the world), sensory overload and history dating back thousands of years. India is also full of eye-opening experiences and vibrant colors.

Did you know that there are 37 UNESCO World Heritage Sites in India!

Here luxurious accommodations are affordable, eating out costs less, and transporation is very cheap. With the recent drop in rupee value, India continues to be a bargain destination for travelers on a budget.

South Africa

$1 USD = 13.95 South Africa rand (ZAR)

Home to nature reserves like the Kruger National Park and wild safaris, South Africa is the perfect destination for wildlife enthusiasts. There are also plenty of colorful beach towns like Cape Town and museums detailing the history of apartheid.

Argentina

$1 USD = 37.34 Argentine peso (ARS)

You might be surprised to see Argentina on this list but Argentina’s currency has fallen dramatically recently due to economic crisises.

Flight prices to Argentina are less expensive now and bottles of wine are a third of the price.

What are some of your favorite affordable destinations to travel to?


 Looking for the best time to book flights?

Listen to Episode 5 for the latest airfare trends and the best times to buy flights according to CheapAir.com.

We Travel Too - Daniela Gibbs and Jadon
Yes, single parents can travel the world with their kids too!

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Although traveling the world as a single parent isn’t something that we hear a lot about, there are single parents out there who are opting to move abroad and live nomadic lifestyles with their children. Daniela Gibbs is the perfect example.

Daniela Gibbs is a single mom who travels with her son. Together Daniela and her son have embraced the nomadic lifestyle and moved to Thailand. They plan to call Germany home next.

Daniela inspires parents to travel with their children and informs them of the possibilities of achieving their goals, especially travel goals, through sheer will, desire and determination.

Daniela is the author of “We Travel Two” the resource guide for keeping your child educated while traveling.

“We Travel Two” is a 3-part series (part 2 and 3 coming soon) that shares educational tips and resources for traveling parent(s) dispelling common fears that single parents can’t show their children the world.

In this episode we chat about:

  • What inspired Daniela to move abroad with her son
  • How moving abroad has changed her family dynamic
  • The top destinations she considered when moving abroad including:
    • Indonesia
    • New Zealand
    • Colombia
    • Thailand
  • What life is like living abroad in Thailand
  • Factors to consider when moving abroad with children
    • Safety 
    • Fertility of the market 
    • Cost of living 
    • Food 
    • Cultural immersion (strong family values)
    • Natural landscape 
    • Political climate
    • Language 
  • Is living in Thailand as cheap as they say?
  • Average cost for breakfast, lunch and dinner in Thailand
  • The difference between worldschooling and unschooling
  • How parents can reinforce learning with CCQs (concept checking questions)
  • Debunking myths parents have about the nomadic lifestyle

What is unschooling?

Worldschooling and unschooling are alternatives to traditional educational curriculum which offers a more natural and holistic approach to learning.  

Unschooling is the natural method of learning – children have a natural desire to learn and understand the world around them by watching, engaging and experiencing things either on their own or with family.  

With unschooling you don’t follow a curriculum but instead allow the child to take control of their own education pursuing their interests and passions. 

What is worldschooling?

Worldschooling takes the unschooling concept and adds travel. Worldschooling is a global approach to education. 

Worldschooling is when you let exploring destinations and experiencing and interacting with the world guide a child’s learning.

Essentially you’re letting cultures, religions and the way of life do the teaching. With worldschooling, the world is a classroom!  

Since worldschooling doesn’t have an official definition, each family defines worldschooling differently – there is no right or wrong way to do it. 

Resources Mentioned:

Connect with Daniela Gibbs:

Website: http://wetraveltwo.com

Instagram: @wetraveltwo

Twitter: @we_travel_two


Thanks again for listening! Are you enjoying the show?

If so, leave us a review on Apple Podcasts or share this episode with your friends on Facebook or Twitter! 

Also, listen to more episodes of The Thought Card like Episode 3: Teaching English in China. In this episode Richelle Gamlam shares tips for teaching in China and why teach abroad programs may not be best fit for aspiring teachers.