Join Anne Ganguzza and Danielle Famble for the next BOSS Money Talks episode, as they share tips on how to manage both business and personal finances. From choosing the ideal business credit card to managing your everyday spending, The BOSSES provide the tools you need to enhance your financial efficiency. Anne and Danielle delve into the practical aspects of leveraging credit cards for business gains, highlighting the potential to earn cashback and travel points while simplifying your bookkeeping tasks. They discuss the art of planning large expenses and paying off balances to avoid interest traps, alongside sharing personal stories of their credit journeys. 00:04 - Anne Ganguzza (Host) At Anne Ganguzza productions. I focus on personal growth and artistic expression and can help you unlock the full potential of your voice. It's a journey of discovery and strategy and I'm here to help guide you every step of the way. Your story deserves to be heard. Find out more at anneganguzza.com.
00:35 - Intro (Announcement) It's time to take your business to the next level, the boss level. These are the premier business owner strategies and successes being utilized by the industry's top talent today. Rock your business like a boss a VO boss. Now let's welcome your host, Anne Ganguzza.
00:48 - Anne Ganguzza (Host) Hey everyone, welcome to the VO Boss Podcast and the Boss Money Talk Series. I'm your host, Anne Ganguzza, and I am so ecstatic to be back again with Danielle Famble. Hey.
01:01 - Danielle Famble (Co-host) Anne, I am glad to be back, happy to talk money and finances and being a boss with you.
01:07 - Anne Ganguzza (Host) I love it. I love it, except Danielle. I just had to pay my American Express bill. Yeah, and I will tell you and the bosses I have a business credit card, which I think is the best thing since sliced bread and the reason why I love my business credit card maybe not so much for all the money that I have to pay on it this month, but mostly because I get money back. I mean, I try to strategically use that credit card to my advantage, for my business.
01:34 - Danielle Famble (Co-host) Yeah.
01:34 - Anne Ganguzza (Host) So I know I have a credit card and a couple of other tricks up my sleeve, but I have a feeling you have a couple of tricks up your sleeve that I would love to know about.
01:44 - Danielle Famble (Co-host) Oh, man, If you want to get me to nerd out on anything ever, you chose the right topic Credit cards. Credit card points and miles is my jam. I'm wearing my nerdy glasses today, Just so excited to talk about credit card points.
02:01 - Anne Ganguzza (Host) So fill us in on how we can take advantage, Because I mean, why not? Right? I'm excited, I'm excited. So I'll just tell you, my American Express gives me money back and I picked it specifically because of that. It gives me money back every month the more I spend with it and I thought, well, that's great. That just encourages me to always use that card to spend. And for me, I only have the one for my. Actually, I have a couple for my business, because I do have a bank account which then gives me a credit card by default. Okay, I've got a debit card, I've got a business debit card, but I also have a credit card with them which I don't use right now. But they are always touting oh, you can save 3% if you buy gas, that kind of thing. But I end up using the one card only because for me, my brain, it makes things simple right now to deal with, but I'm sure that I could be taking more advantage of other things.
02:53 - Danielle Famble (Co-host) Oh, yeah, you talk about your credit card. I actually just opened up a new credit card for my business and when I open that credit card you get a certain number of bonus points if you spend a certain amount of money in the first couple of months of opening the card.
03:08 Mostly, really to— yes, yes, similar to my bank. Yeah, to incentivize you to use this card. Well, this particular card would give me I think it was 250,000 points to travel, and I was so excited about it because I have travel coming up to go to conferences and things like that and instead of using cash to spend the money to travel, I can use these points as another currency as a way to get to a conference or two or three, or travel or stay at hotels. So it's a way of utilizing the money that I'm spending anyway and having a different currency to be able to use it. And that's a way of utilizing the money that I'm spending anyway and having a different currency to be able to use it. And that's just sort of the beginning. You're talking about money back into your business, but I just I love talking about like points and miles because you're spending the money anyway for your business, right, and so you're getting this currency back to be able to do other things with it.
04:02 - Anne Ganguzza (Host) So then let me ask you a question Are you looking always for deals, current deals with new credit cards, or is it just if it happens to come up when you make a purchase, sometimes like well, let's say, I go clothing shopping, sorry, and they'll be like well, you can save 20% on your order today if you open up a credit card with us. And there'll be a lot of times that I'll do that just because I want to save the 20%, and then I really don't have any intention of using it again. If it's a store I don't shop frequently, but I will absolutely do that. But now I also know that that does affect my credit score. It's not always a negative impact on the credit score, because I happen to have I'm very proud of the fact that I have a really good, almost perfect, credit score.
04:39 - Intro (Announcement) Oh, great yeah.
04:40 - Anne Ganguzza (Host) After many, many years.
04:41 - Intro (Announcement) And.
04:41 - Anne Ganguzza (Host) I'm like. Well, I don't know, is that going to affect if I open up a credit card? How do you handle the credit cards?
04:46 - Danielle Famble (Co-host) So again, we've talked about this. For me I'm dealing with personal, totally separate than business. So, for example, with my business credit card that I just opened, I knew that I was going to have a lot of really big expenses coming up for the business and because I was planning that, I was looking for a credit card to be able to capitalize on the amount of money I was already planning on spending and had already planned and put that money aside to pay this.
05:14 - Anne Ganguzza (Host) Okay, so let me ask you so, for example, not that I'm going to delve that deeply, but I'm thinking was this for travel for a voiceover conference, or maybe new equipment or something new for your studio, or maybe demos right, things that you would invest in, right for your voiceover business?
05:28 - Danielle Famble (Co-host) So, big ticket items like a demo or a voiceover conference would be a good opportunity to maybe look into this Potentially yes, I always give a caveat first with using credit cards at all, and you're talking about your great credit score and I'm proud to have really worked to build my credit score as well. To have a great credit score is making sure that you can pay the credit card off in full at the end of the month.
05:52 - Anne Ganguzza (Host) Oh, thank you for saying that. Yes, I absolutely make it a point to do that every single month, exactly.
05:56 - Danielle Famble (Co-host) Because if you don't, then you're actually kind of not really getting all the perks and having the benefits of having this credit card, because then you're paying this huge fee for interest and things like that. So for me, when I'm looking at credit cards be it for personal or for the business I want to make sure that I have the ability to pay it off. It's almost like using the cash that I already had on hand to pay off this bill and I'm getting this huge point value, or I'm getting points along the way.
06:26 - Anne Ganguzza (Host) I love that you said that, because I will always, when we talked about our business accounts, our bank accounts, I am so thankful and grateful for that business savings account. Because that business savings account says to me I've got a big ticket item coming, I have the money that I can pay it all off at the end of the month, which I think absolutely is so important. And I'll be the first to admit I mean I have let my credit cards go.
06:48 I mean when I was younger and foolish, I let my credit cards go and have a balance and at one point there was a big balance on it and you end up spending so much money on interest that it's not necessarily an ideal situation, that's for sure, and especially if this is your business and I'm not saying that you have to wait to buy everything until you can pay it off at the end of the month. However, it certainly makes things a whole lot easier.
07:12 - Danielle Famble (Co-host) Yeah, it makes things a lot easier and also you're able to plan for what's coming up. So you're being proactive about what you're doing for your business. Talk about, like big-ticket items buying a new booth or a microphone or demos Lord knows, they're not inexpensive and so these are things that you need to plan for, and by planning for it and having the financial resources able to pay for it, then really you're able to utilize other tools to get you a little bit more for the money that you are already planning on spending. You are already planning on spending. This is actually something I learned from a personal finance situation when I was trying to really understand like money and finances and learn about, like, how money works.
07:52 I learned in my own personal life that if I didn't have the cash to spend on something, I was putting myself deeper in a
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