Click “Show More” to see my favorite financial tools
MY FINANCIAL TOOLS
Complete SoFi Money Management
Verification and Savings – https://magnified.reviews/SoFi
Credit Card – https://magnified.reviews/SoFiCreditCard
Invest – https://magnified.reviews/SoFiInvest
Budgeting – https://magnified.reviews/SoFiRelay
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Chime Fully Online Banking
Sign up for Chime HERE: https://magnified.reviews/Chime
Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder
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Favorite credit cards
Chase Sapphire – https://magnified.reviews/Sapphire-Preferred
Capital One Venture
Chase Ink Business – https://magnified.reviews/Ink-Business
Amex Green – https://magnified.reviews/Amex-Green
Amex Platinum – https://magnified.reviews/Platinum
Amex Business Gold – https://magnified.reviews/BusinessGold
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Automated Investing on the Wealth Front
First 5,000 managed FREE – https://magnified.reviews/Wealthfront
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Current map
Current Modern Banking App – https://magnified.reviews/CurrentCard
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MY PHOTO EQUIPMENT
My camera: https://magnified.reviews/Camera
My microphone: https://magnified.reviews/Microphone
My lights: https://magnified.reviews/Lights
To give you a 30-second recap of the main features of the Apple Card, this card currently offers you 3% cash back on all Apple purchases, including at retail stores and on the App Store or Apple Store. music, as well as 3% cash back on select sites. retailers like Panera, Uber Eats, Nike, Exxon Mobil and a few others as well. You'll also get 2% cash back every time you use your Apple credit card with Apple Pay, which is great because most stores these days have Apple Pay, which means the majority of the time you'll earn probably 2% cash back. all your purchases. And beyond that, you'll get 1% cash back on any purchase that doesn't use Apple Pay. And of course, the apple cart is completely free, which we always love.
OK, that's great and all, but we've already covered this topic, so what's the deal with this new Family Sharing feature. Well, essentially, it now allows you to share Apple Card benefits with anyone aged 13 or older. It doesn't matter if it's your partner, your child, or maybe even a close friend you trust, you can all share the benefits of the Apple Card and help improve your financial health as a than unity. OK, so how this works will be a little different depending on the age of the person you're adding to your account. So let's say you add your child under 18, well they will be able to share the benefits of the Apple Card and learn healthy financial habits which we'll talk more about in a second, but if you have someone aged over 18, you will also help them establish their credit rating as a substantially authorized user.
So maybe your child is on this account before they turn 18 and they learn these healthy financial habits and then as soon as they turn 18, yes, they could go out and get the Apple Card on their own- even, although it probably would. difficult to do without a credit history, but they can also simply continue to use this family sharing plan, you as a parent are able to continue to monitor your child's spending, because it is not possible -still may not be old enough to be completely on your own financially in certain situations, but you also help build their personal credit score, which can help them in many ways when they might apply for a student loan, buy a car, or even just ask for an apartment.
But the real benefit of this product, in my opinion, and what makes it so unique, is the ability to teach people ages 13 to 18 how to use credit responsibly, pay it off, and enjoy these benefits. But for you to actually teach this, you have to lead by example. Because if mom and dad go out and rack up a few thousand dollars in credit card bills without paying them, then it's very likely that a younger person will see that and think it's normal and totally OK and that's it. This is the last lesson I will learn from this. I think we should teach a teenager.
Music from Storyblocks Audio and YouTube Audio Library
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