These MONEY MISTAKES Make You POOR! Ft.Harish Reddy on Loans, FD’s & Credit Cards | Telugu Podcast

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Why is credit card debt the costliest loan in the world?

Is sharing your credit card data with companies like CIBIL good or bad?
What’s the real link between your credit card usage and your credit score?

Today on the Telugu Connects Growth Podcast, I sit down with Mr.Harish Reddy Co-Founder of Stable Money ( a digital platform for investing in FDs ) .

We spoke about:
✅ Why credit cards silently push you into a debt trap
✅ How CIBIL scores decide your loan interest rates
✅ Why a low credit score can impact your life even after marriage
✅ Should you invest in FDs, Equity, or Mutual Funds?
✅ Why money conversations before marriage are essential


TimeStamps:
0:00 – Introduction
2:05 – What Is a Credit Score & How It Affects Your Loan
8:16 – Why Your Credit Score Is Low
11:30 – How Credit Card Companies Make Money
15:14 – When Is the Right Time to Get a Credit Card?
16:20 – How to Choose the Best Credit Card
17:30 – Best Credit Card for Travelers
18:40 – Is Buying on EMI a Good or Bad Idea?
20:54 – How "Buy Now, Pay Later" Affects You
24:55 – Dangers of Taking Informal Loans
26:30 – How He Repaid ₹5 Crore Debt
30:42 – Mindset During Tough Financial Times
33:30 – Is It Good to Be Calculative About Money?
35:18 – Lessons From Financial Struggles
36:37 – Why Credit Cards Are Important
40:45 – Do Fast Loan Apps Harm You?
43:40 – What Is CIBIL Score & 3 Best Ways to Improve It
46:08 – Is It Good to Invest in Fixed Deposits (FD)?
54:03 – How Fixed Deposits Actually Work
1:02:57 – Should You Break FD Before Maturity?
54:00. How FD’s work?
58:24. What is repo rate?
1:03:00. Can we break FD or Open new FD?
1:04:55. What if bank goes bankrupt?
1:07:40. Mistakes in FD
1:08:50. How to start investing journey?
1:15:30. Importance of Financial Literacy
1:17:15. FD’s vs Bonds what is better investment?
1:19:50. Advantages & Disaster of Bonds?
1:23:40. Dark side of instantl gratification
1:25:45. mportant Money Conversations Every Couple Must Have Before Marriage
1:28:24. How Financial Habits Can Make or Break a Marriage
1:30:40. Avg school student to CoFounder of Stable money
1:34:40. Money Principles I Live By
1:35:28. Biggest financial mistakes by people
1:39:20. Jane's street scam
1:43:40. best money advice
1:44:40. regeret in life
1:45:47. best life lessons


This episode is an eye-opener. What shocked me most is how neglecting these financial basics can silently destroy your future not just money, but relationships and opportunities too.


💬 Question for you:
Have you ever checked your credit score? If yes, did it surprise you? Drop your thoughts below!

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Why We Started Telugu Connects Growth Podcast?

Welcome to the Telugu Connects Growth Podcast Our channel designed to empower our Telugu Audience by connecting them with the minds and experiences of successful entrepreneurs, creators, innovators, Professionals from Various fields.

In a world where knowledge is power, our podcast goes beyond interviews to offer deep, meaningful conversations. Our guests share their real-life journeys, including the challenges they faced, the strategies they used to build their careers, and the mistakes they made along the way.

We understand that securing time from such accomplished individuals isn't easy, but we are committed to bringing their wisdom and insights to our audience. Our goal is to provide not just information, but transformation. By focusing on actionable knowledge and data-driven discussions.

This podcast is more than a series of episodes; it's a journey of learning and growth, designed to create a ripple effect of success within the Telugu community.