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)

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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