PB79: Debitize – Credit Card Perks without Credit Card Debt ft Liran Amrany

We got 99 problems but a credit ain’t one. We originally met Liran Amrany at FinCon2017, where we learned he is the co-founder and CEO of Debitize, a personal finance application that helps consumers use credit cards responsibly. How does it work? Debitize automatically helps customers set aside funds to cover their credit card purchases like a debit card while still allowing users to access the benefits, protections, and perks of their credit cards. Before founding the tool, he spent 9 years developing derivative products for The Man at J.P. Morgan. On this show, we discuss his plot for financial world domination and much more, including:

• Liran’s background and what inspired him to leave the 9 to 5 to pursue his own company
• His journey from mild-mannered employee to CEO of his own entrepreneurial start-up despite never having had direct management experience before leaving the day job
• The courage needed to believe in yourself as you move from corporate worker to self-employment, managing a team, and meeting investor expectations
• Debitize: reducing the fears many have of credit card use while giving you all the pros (and still protects you from yourself by not allowing you to overdraft your account)

Survey: Millennials fear credit card debt more than death, threat of war and climate change. Click To Tweet

References Mentioned on this Show

• Debitize.com
• Exclusive to PaychecksAndBalances Listeners: Receive a $10 Credit towards your Debitize account by visiting Debitize.com/PayBalances
• Debitize in the News
  • The New York Times: How to Make Your Credit Card Act Like a Debit Card
  • Forbes: Liran Amrany –  How To Kick Debt To The Curb: Advice From The Experts
• JPMorgan Chase: An Extra $10 a Month Could Save You 11 Years Worth of Debt Payments
• FinCon
• ICYMI – CBS News’ CBSN: Your Money Matters ft. Paychecks and Balances and why Millennials fear death more than credit cards

Announcements

• We joined Renay Richardson of the “Get a Dog Podcast” to discuss money and finances on Money Money Money?
• Check out our guest feature: Finding The Right Balance Between Your Income & Expenses on “Journey to Launch” episode 28.
• Our latest Personal Finance Book Review by Marcus Garrett: The Millionaire Next Door by Thomas J. Stanley

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