Payday Loans, Finding Meaning in Life, The Leap

Dr. Richard Evans is a Professor of Economics at Brigham Young University. He earned his PHD from the University of Texas at Austin. Any drive through town is guaranteed to cross paths when at least one of the hundreds of payday and title loan establishments that dot city maps across the country. These companies advertise Paycheck advancements that are convenient, quick, without any sort of credit assessment. These advancements are typically loans in the $150-$400 range with a repayment agreement due when the borrower has a scheduled payment, such as a paycheck. But what are the risks associated with these loans and what are the financial dangers the nearly 12 million users face? Dr. Evans shares what he has learned studying the payday loan industry.

Dr. Frank Ninivaggi is an Assistant Clinical Professor of Child Psychiatry at the Yale University School of Medicine Child Study Center in New Haven, Connecticut, member of the Yale-New Haven Community Medical Group, and the Medical Director of the Devereux Glenholme School in Washington, Connecticut. He has many publications including his most recent books, Biomental Child Development: Perspectives on Psychology and Parenting, and Envy Theory. Dr. Ninivaggi talks about how we find meaning and make sense of life.

Robert Dickie III is president of Crown Financial Ministries, a non-profit dedicated to helping people create long term plans for personal financial, career, and business success. He is also an author, speaker, consultant, and columnist. Bob speaks with Dr. Townsend about his book "The Leap: Launching Your Full-Time Career in Our Part-Time Economy.