On episode 117 of The Chill Hour, we sit down with Anshuman Sharma, a wealth manager and content creator, to decode the world of money, credit cards, and financial discipline.Anshuman shares practical insights on how to use credit cards wisely, avoid common traps like maxing out or paying only the minimum due, and understand how credit scores really work. We dive into choosing the right credit card for your needs, the hidden dangers of cash withdrawals, and whether premium high-fee cards with great rewards are worth it. Beyond credit cards, we explore bigger money lessons like how SIPs and mutual funds can unlock long-term wealth, the importance of financial discipline in your 20s, 30s, and 40s, and how to avoid the “luxury trap.” Anshuman also breaks down the power of compounding and even lays out a complete financial plan for someone just starting out in their 20s.So sit back, relax, and enjoy this informative yet chill conversation between Deepak and Anshuman that might just change the way you look at money.Episode Timestamp:00:00 Episode Intro04:54 Working with Tanmay09:08 Credit Card Max-Out Trap13:20 Why Use a Credit Card16:08 The Danger of Minimum Due18:15 Who Gets Blacklisted21:45 High Fee vs High Rewards25:03 Never Withdraw Cash27:36 Credit Score Basics29:46 Best Credit for Your Needs36:07 Credit Card on UPI38:11 SIP/Mutual Funds for Wealth49:30 Financial Goals by Age53:40 Escaping the Luxury Trap58:08 Money Discipline in Your 20s01:06:18 Power of Compounding01:15:49 Financial Plan at 2001:20:53 Closing NoteThe Chill Hour with Deepak is a podcast curated by Deepak Pareek, a media entrepreneur, content creator, creative producer, and a sucker for good, candid conversations. The idea behind the podcast is not to have conversations around generic topics that are easily available on the internet but to have insightful, chill, and personalized conversations around life, business, content, marketing, and much more!We're having your favorite content creators, entrepreneurs, business owners, freelancers, RJs, beatboxers, artists, singers, actors, directors, and a lot more folks on the show to bring a fresh perspective and have a candid chat with them.Follow The Chill Hour:Main YouTube Channel: https://yt.openinapp.co/dkpareekThe Chill Hour YouTube Playlist: https://yt.openinapp.co/thechillhourDeepak Pareek Clips: https://yt.openinapp.co/deepakpareekclipsInstagram: https://insta.openinapp.co/thechillhourpodigSpotify: https://spotify.openinapp.co/thechillhourApple Podcasts: https://apple.openinapp.link/thechillhourapplepodYouTube Music: https://yt.openinapp.link/thechillhourytmusicX: https://x.openinapp.co/thechillhourpodtwitterConnect with Deepak here:Instagram: https://www.instagram.com/dkpareek/LinkedIn: https://www.linkedin.com/in/dkpareekTwitter: https://www.twitter.com/dkpareek21Facebook: https://www.facebook.com/dkpareek21Connect with Anshuman here:Instagram: https://www.instagram.com/anshhumanYoutube: https://www.youtube.com/@anshumanfinanceLinkedIn: https://www.linkedin.com/in/anshuman-sharma-20452b148Twitter: https://www.twitter.com/Anshuman_306For collaborations: ⁠collabs@dkpareek.com