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Rank #169 in Investing category

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Paychecks & Balances

Updated 6 days ago

Rank #169 in Investing category

Business
Careers
Investing
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Whether it's getting out of debt or getting a new job, Rich & Marcus have you covered. Join them as they take a fun and relatable approach to personal finance and career advice for millennials.

Read more

Whether it's getting out of debt or getting a new job, Rich & Marcus have you covered. Join them as they take a fun and relatable approach to personal finance and career advice for millennials.

iTunes Ratings

834 Ratings
Average Ratings
774
38
6
4
12

Chipo from Zimbabwe, Africa

By MaiKaiNaWanai - Jan 06 2020
Read more
Loving being part of the P&B community. Wow learning so much and the perfect way to kickstart 2020. Marcus&Rich are real, chill & smart - just the inspiration I need to stop making excuses. Zimbabwe has been in a huge economic mess the past 20years, but listening to this podcast, I realised that all working people are in the same boat worldwide = governments and systems generally will take the most money they can from you. 2020 I’m making smarter choices about money and making it work for me. Thanks guys! Keep it going. You are making a bigger impact than you realise.

Real

By ADMOR - Jan 01 2020
Read more
I like how real Marcus and Rich are. It is hella refreshing in a Hollywood veneer world.

iTunes Ratings

834 Ratings
Average Ratings
774
38
6
4
12

Chipo from Zimbabwe, Africa

By MaiKaiNaWanai - Jan 06 2020
Read more
Loving being part of the P&B community. Wow learning so much and the perfect way to kickstart 2020. Marcus&Rich are real, chill & smart - just the inspiration I need to stop making excuses. Zimbabwe has been in a huge economic mess the past 20years, but listening to this podcast, I realised that all working people are in the same boat worldwide = governments and systems generally will take the most money they can from you. 2020 I’m making smarter choices about money and making it work for me. Thanks guys! Keep it going. You are making a bigger impact than you realise.

Real

By ADMOR - Jan 01 2020
Read more
I like how real Marcus and Rich are. It is hella refreshing in a Hollywood veneer world.
Cover image of Paychecks & Balances

Paychecks & Balances

Latest release on Jan 14, 2020

Read more

Whether it's getting out of debt or getting a new job, Rich & Marcus have you covered. Join them as they take a fun and relatable approach to personal finance and career advice for millennials.

Rank #1: QA12: Should I Stay?

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After the initial excitement of a new job opportunity wears off, a listener begins to wonder if this move was the right move after she is confronted with an unfortunate reality check underneath the surface. It turns out things are a little bit different behind the scenes than what was presented during the interview. She asks, should I stay long term? Her question is below. Have a career or debt management question of your own? Contact Us! I started a new job recently. I was made aware there was a restructuring prior to my hire, however I did not realize how many people it impacted. Now that I've started the job it seems like a bigger deal than I realized. My direct report was one of the people who was laid off with 30 days notice. In those 30 days most (not sure if everyone) who were laid off were given a new job in the restructure. From my understanding the sales team was not rehired, and we now have a very small outside sales team. I realize that I could have potentially probed a bit more during the interview process regarding the restructure. But, I feel blindsided by some of the other things and the current climate in the office. It has made me feel like I potentially made the wrong move of working here. I don't plan on jumping ship, but would this be the type of situation that would warrant leaving after a year? Announcements: Marcus' book, Debt-Free or Die Trying, is out! Get your copy today on Amazon! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances!

Sep 27 2016

19mins

Play

Rank #2: Choices Are Everything ft. ChooseFI - PB144

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Today on the show we welcome Brad and Jonathan, the founders of ChooseFI. Drawn together by their deep desire to help everyday people achieve financial independence, they developed a business that offers financial information to make peoples lives less stressful and more financially secure. Brad and Jonathan offer advice, articles, and resources to help their audience become more financially literate and tackle their own money battles with courage.

In this episode, you’ll hear the story behind the ChooseFI Podcast, why saving is the root to all success, and how to transform your money mindset.

Highlights:

  • Jonathan’s battle with debt
  • How do you get “financially literate?”
  • “Time is the ultimate luxury”
  • Defining financial independence for yourself
  • Savings drive everything
  • What does my life actually cost? Should I earn more? Or spend less?
  • Breaking down the Roth Ladder Conversion
  • How can we get 1% better each day
  • Playing the long game to become a millionaire
  • The importance of having a vision and plan
  • Small sacrifices can add up to big wins over time
  • Freedom requires sacrifice
  • Stop thinking about why you shouldn't and start thinking about why you should

Key Takeaway: Once you define to yourself what you want and adopt a mindset to support that lifestyle, you will be on your way to financial independence.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

ChooseFI

Website: https://www.choosefi.com/

Facebook: https://www.facebook.com/ChooseFi/

YouTube: https://www.youtube.com/choosefi

Twitter: https://twitter.com/ChooseFi

Podcast: https://www.choosefi.com/podcast-episodes/

Oct 29 2019

1hr 8mins

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Rank #3: PB6: How Much Can You Save?

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A listener comments, "I wish they'd mentioned earning more $$$!" Ask and ye shall receive! We've got good news and bad news. You can definitely make more money, but it'll take a little patience and a lot of sacrifice. For the average person, it'll also take a lot of years but more on that later. If you want to be a millionaire, this is the episode for you. We tell you exactly how much money you need to invest each month at age 20, 25, 30, and 35 to have a million dollars by the time you retire. Aint got time for that? You want the expedited road to riches? Don't worry, we've got you cover, too. On this episode we discuss some ways to make more money right now and we cover some quick and easy ways to lose money (avoid these debt traps). Want to know how close you are to the 1% right now? Use this calculator. Want to know which jobs will help you make over six figures? We've got you covered @PayBalances. So, now that you know how to make a million dollars and which jobs you should focus on to get there, then why is it so hard to make $100,000 in the first place? Here's your answer. Luckily, if you've got youth on your side, there are even a few immediate lifestyle changes you can make in your 20s and 30s to improve your odds of making more income but be careful not to over extend yourself. Last but not least, do you want to know the exact month and year you'll be a millionaire? There's a calculator for that. At PaychecksAndBalances, you ask the questions. We find the answers.

Announcements:

Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps.

LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances!

Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.

Apr 19 2016

47mins

Play

Rank #4: PB34: Become a Money Boss ft. J.D. Roth

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This week we're humbled and happy to be joined by J.D. Roth, formerly of Get Rich Slowly, and now the mastermind behind MoneyBoss! JD is a true renaissance man -- a description I didn't quite make up but I feel doesn't get used enough so here we are -- having originally created Get Rich Slowly to share his progress and lessons learned as he dug his way out of over $35,000 in personal debt. JD started from the bottom while Drake was still wheeling around on Degrassi! He describes himself as an "accidental personal finance expert" aka a regular guy who found himself deep in debt. After tremendous growth and success, he was able to sell GRS. Now he has moved on to host MoneyBoss.com, a site that candidly shares advice on personal finance and money management. On our show he shares: How Dave Ramsey's Total Money Makeover helped JD develop his money management goals When used correctly, money can buy happiness The importance of developing a personal mission statement for focusing your core values and purpose Why you need a 'financial blueprint' for prioritizing where your money goes and how you can use it to overcome your natural personality type if you're naturally a 'Spender' or 'Saver' Tips for becoming your own money boss by establishing "You, Inc." The company where you begin viewing your actions and your life as a business rather than a serious of random events and happenstance, "Instead of assuming you’re a victim of circumstance, I assume that you are the master of your own fate." - JD Resources: Book: Your Money: The Missing Manual by J.D. Roth Book Recommendation: Your Money or Your Life Visit JD's MoneyBoss website for a free "how to" guide to create your Personal Mission Statement today! Announcements: Take the first ever P&B Audience Survey today! Check out our new PATREON page! We’re raising funds to grow the show so we can create more great content that helps you get ahead professionally and financially. Debt Free Or Die Trying is out now! Cop it in that Amazon! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances and Instagram at the same name!

Dec 13 2016

1hr

Play

Rank #5: Investing Made Easy ft. Tela Holcomb - PB88

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In our final week of Financial Literacy Month, Tela Holcomb joins us to discuss the stock market in plain English. Yes, we asked her about Bitcoin!

But first, Tela is a stocks and options trader, mom, and wife who is focused on spending the most of her time living the life she loves. Before achieving this freedom, like many of you, she was dependent on a paycheck from the 9 to 5 to pay her bills. That was cool, but she wanted to have more time to spend with her family, friends, and travel not just climb someone else's corporate ladder. Her escape plan? In 2009 she started teaching herself how to trade the stock market. Just 5 years later, she reached financial freedom and escaped the corporate matrix! On today's show she will help you learn:

  • An easy way to use stock charts to rebalance your 401k/IRA to maximize your returns
  • Tips for managing your emotions so you can choose a proven investment system that will make you more money
  • Investment Tools for setting up your investment journey to maximize the success of your short- and long-term financial goals
  • The difference between active and passive investment and how both can help you achieve your financial goals
  • Using your personality to determine the risk tolerance and investment type best suited for your lifestyle and how to answer the question: do I want to trade or invest?
  • Websites, tools, and resources you can use to safely practice investing before using your own money

[bctt tweet="Do you want to be a trader or investor? When you make an informed decision it's not gambling, it's a smart investment decision. - @TelaHolcomb" username="PayBalances"]

Financial Literacy Month: Tela's recommended Action Items:

  • Get Smart on your 401k. Meet with your company or financial advisor or use Tela's investment hacks to ensure your 401k is properly balanced and aligned with your financial goals.
  • Pay Off Debt. If you're tired of the 9-to-5, reducing your debt is a great start to turning the hobby or side-hustle into your next full-time job. Don't allow debt to hold you back from your dreams any longer.
  • Find Your People! Surround yourself with like-minded people that are interested in seeing you improve. This can be online (groups, forums, etc.) or off-line (networking, conferences, etc.) but be sure to find people that support and push you towards your goals rather than distract or discourage.

 

References Mentioned in this Show Announcements
  • If you're a Mint user or considering signing up, check out Marcus' piece for GoBankingRates and featured on YahooFinance.comI Used Mint Wrong for Years and You Probably Are Too.
  • We’ve created a new free guide exclusively for our email subscribers: The 15 Minute Paychecks and Balances Money Plan: Your Guide to Financial Freedom. The free document includes “15-minute” plans for creating a budget, starting your debt freedom plan, and finding your FIRE number. Sign-up to get your free guide today and see why just 15-minutes may change the next 15 years of your own journey to reach financial independence.
Thank You for the Support

We’ve partnered with NerdWallet for all your personal finance needs at PaychecksAndBalances.com/Tools

Looking for more free career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps.

Check out our PATREON page! We’re raising funds to grow the show so we can create more great content that helps you get ahead professionally and financially.

Read Marcus’ book series, Debt Free Or Die Trying, to learn more about how he paid off $30,000 in debt by age 30; and how to create a debt free plan you’ll actually follow.

LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances @IamRichJones @THEMarcusGarret and on Instagram.

Apr 24 2018

51mins

Play

Rank #6: Getting Financially Organized w/ Steven Hughes – PB113

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College is a time when young adults are faced with real money management for the first time in their lives. They’re trying to pay rent, pay bills, buy books and have some fun a long the way. Debt can pile up quickly. Such was the case for Steven Hughes, the interview subject for this episode. After signing up for multiple credit cards from on campus lenders he found himself in a debt hole he thought he would never get out of. In this episode you’ll hear Steven’s story on how he climbed his way out of debt and eventually founded Know Money, a financial education company. Steven founded Know Money to help millennial’s avoid the same money mistakes he made and to help young adults talk, think and interact with money differently. He’s a nationally Certified Financial Education Instructor and manages all of the programs for the Know Money team.

Highlights:

  • Financial mistakes in college
  • Predatory lending on college campuses
  • Side gigs for young adults
  • Salary expectation vs. salary reality for new graduates
  • The transferrable skills from a job in sales
  • The new reality of the gig economy
  • Delayed gratification
  • Having a “Why”
  • Action cures all

Key Takeaway: Figure out where your money is going each month and educate yourself about how credit works. When you have questions, don’t be afraid to reach out for help.

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

Know Money

Website: http://knowmoney.org/

Facebook: https://www.facebook.com/KnowMoneyInc/

Instagram: https://www.instagram.com/knowmoneyinc/

YouTube: https://www.youtube.com/channel/UCcVcV6jh1DHH5uDRIxYHGCA

Jan 15 2019

51mins

Play

Rank #7: Pt. 2: Money Moves to Make and Avoid in Your 20s, 30s, and 40s - PB96

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Don't forget to check out Part 1 of our discussion, What We Wish We Knew About Money in Our 20s

Rich and Marcus kick off the show continuing to build on last week’s episode. Marcus is recapping the financial books he’s read thus far in 2018. It’s important to digest this information and then come up with a plan that’s right for you. Everyone is at different stages in their lives and the strategies that make sense for wealthy parents in their 50’s are going to be different for millennial’s who are just beginning their financial journey. Consider your lifestyle now and the life you want to live as you grow older. It’s never to late to start but you need to begin planning for retirement right now.

Highlights:

  • Use your 20’s to learn, 30’s to apply and 40’s to teach.
  • If you made financial mistakes early in life, it’s much easier to recover then if you make financial mistakes in your 40’s and 50’s.
  • In mid life you’re likely making the most money you’ve ever made in your life, but you’re likely spending the most as well.
  • On average, the pay that you make in mid life is the amount of money you will take home for the rest of your career.
  • Most people don’t start saving or considering retirement until they have kids and a family.
  • Money creates freedom. You can wake up and dictate your day, rather than the day dictating you.
  • Make sure you have an emergency money fund. The amount you put in that fund is up to you. But it’s important to plan for the unexpected.

The Takeaway: It’s never too late to start to plan for retirement. You want your money to have begun transitioning to working for you; instead of you working for money AS SOON AS POSSIBLE.

Our Fav Tools and Resources
  • We created a free guide, The 15 Minute Paychecks & Balances Money Plan: Your Guide to Financial Freedom, exclusively for our email subscribers. Sign-up today and see why just 15-minutes can change the next 15 years of your life.
  • Struggle saving money? Sign-up for Digit today!
  • Need to collect money or invoice clients? Sign-up for Square.
  • Purchase Marcus Debt Free or Die Trying book series on Amazon.
Announcements
  • Support Rich for #SXSW2018! It's easy!! Just visit PickThisPanel.com, follow the instructions, and let's send Rich to Austin Texas to spread the P&B greatness!!!
  • Are you a financial blogger or podcaster? Are you interested in taking your financial brand to the next level? Or maybe you just want to see the Dulcet Brothers in person! Whatever your motivation may be, FinCon2018 is the place to do it. FinCon is where money & media meet — a great conference that Paychecks and Balances has faithfully attended the last three years. This year they’re taking their talents to Florida, September 26-28. Learn more and purchase your ticket here at: Paybal.co/fincon18
  • Visit our *updated* PATREON page for more info! We revamped the page to include a new tier system and even more exclusive information for subscribers. We’re raising funds to grow the show so we can create more great content that helps you get ahead professionally and financially.
Support Paychecks & Balances

Aug 21 2018

40mins

Play

Rank #8: PB18: Cash Only

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CASH ONLY! Are you living a cash only lifestyle? With help from MoneyQandA.com we discuss the pros and cons of leaving credit behind for the almighty dollar, dollar bill, yall. It's not easy, but it can be done. But, is the cash only life for you? We talk about the benefits of using cash over credit and how "the envelop system" might help you jump start your journey towards debt freedom. Later in this episode, Rich discusses how dividing his money in separate bank accounts for life's many expenses has actually helped him better manage his many money management goals. Announcements: We’re happy to announce that we’ve been featured on iTunes in the ‘Black Voices in Business’ podcasts. Be sure to check it out. You can also helps us reach an even larger audience by leaving us a five star review. Thank you all for the continued love and support! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances! Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.

Aug 09 2016

28mins

Play

Rank #9: PB22: Debt Free Or Die Trying

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It's hard to believe it. Marcus' book -- yes, the one he has been talking about for over 3 years -- is finally available in stores in paperback and as an eBook. Visit paychecksandbalances.com/DebtFree to buy the book and learn more helpful tips for beginning your journey towards debt freedom. On this episode, Marcus talks about the motivation for writing the book (all thanks and shout-outs to the listeners for the support). On a more reflective tone, the Money Minute segment covers the pros and cons of writing a book about being debt free. This debt freedom journey has included many supporters, a fair share of naysayers and who can forget, the haters. Fortunately, the chorus of support has far out-sung the whispers of negativity. The moral of the story? Not everyone is meant to support your journey or hear your voice. Focus your energy on the group that's ready to help, listen, and make you a better person. We've found our motivation through you. Bless up! So what's next for us? Wait...we thought this was the end of the journey. Make a funformative podcast. Release the book. Netflix and chill time, right? WRONG! It's time we embrace the hustle hard system, no Rick Ross, as Paychecks & Balances had its best month in August 2016! This has motivated us even more. You deserve the best so we'll continue to get better. We look forward to continuing to bringing you great content that helps raise your paychecks and lower your balances. We'll also remember how we got here -- and maybe even try not to forget where we came from? So, if you're a listener and you have a question or want a topic covered, don't hesitate to contact us. Remember, you ask the questions, we find the answers. Announcements: Look for us at #FINCON16! Debt Free or Die Trying, the book, is in stores and DebtFreeOrDieTrying.com is live. Be sure to check them both out. See what we did there? We’re happy to announce that we’ve been featured on iTunes and have been as high as #19 in the Business category! Be sure to check it out. You can also helps us reach an even larger audience by leaving us a five star review. Thank you all for the continued love and support!! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances!

Sep 13 2016

47mins

Play

Rank #10: From Debt to $100K in Savings w/ Bola Sokunbi of Clever Girl Finance - PB111

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People often criticize others for the way they were brought up. This often diminishes the journey one takes to get to where they are today. In today’s episode you’ll hear Bola Sokunbi’s journey, as she joins Rich and Marcus on the podcast. Bola is the founder of Clever Girl Finance. Clever Girl Finance is a financial education platform aimed at providing women with financial guidance that will inspire them to pursue and achieve their dreams of financial independence. Bola also has the claim to fame of saving 100k in 3 years while living on an average salary. In this episode you’ll hear Bola’s story and learn why her families background motivated her to make the most of her college education and not take for granted any of the opportunities her hard working mother was able to provide for her.

Highlights:

  • Don’t take for granted the sacrifices your family makes for you.
  • Living lean and saving half of each paycheck.
  • The importance of earning extra money through a side hustle.
  • Credit card predators on college campuses.
  • Teaching young girls to be financially independent as they grow up.
  • Doing the best you can with the hand you’re dealt.
  • The glorification of the struggle.
  • The emotions of money

Key Takeaway: Embrace and appreciate the wins of others, don’t glorify one’s struggle as being worth more or worth less. It doesn’t matter where you’ve been or how you got there, focus on where you’re going today and tomorrow.

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

Bola Sokunbi

Website: www.clevergirlfinance.com

Facebook: https://www.facebook.com/clevergirlfinance/

Instagram: @clevergirlfinance

YouTube: https://www.youtube.com/clevergirlfinance

Dec 18 2018

1hr 21mins

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Rank #11: Making $1,000 a Day in Stocks ft. Teri Ijeoma - PB142

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Teri received her Bachelors degree in Management Science from the Massachusetts Institute of Technology (MIT) and her Masters in Media and Communications from Dallas Theological Seminary. She then began her professional career working in education and nonprofits. She started trading stocks as an opportunity to supplement her income. But, she was so successful with this side hustle that she decided to quit her job in 2017, travel the world, and begin trading full-time. Teri now offers an online curriculum that shares her investing strategies with people all over the world. Further, she partners with organizations and companies to train and empower individuals to achieve financial freedom and build wealth through investing.

Get her course and start boosting your side income by clicking here.

This week's sponsors: 

  • The College Investor – provides a breakdown of their favorite high yield savings accounts, as well as provides a list of the best savings accounts every day, and updated daily. Make sure you check the table to get the best rates by visiting the College Investor today!
  • University of California Irvine – If you are trying to start a new career, advance your career or better develop an appreciation of the world around you, UCI Division of Continuing Education has the resources needed to support your undertakings. There are certificate programs and specialized studies programs available making it easy to advance your career in as little as 6 months. For 15-percent off, visit ce.uci.edu/PaychecksBalances and enter promo code "paychecks" at checkout.

Oct 15 2019

41mins

Play

Rank #12: Bad With Money ft. Gaby Dunn - PB120

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Today on Paychecks & Balances, Gaby Dunn the author of Bad with Money: The Imperfect Art of Getting Your Financial Sh*t Together, talks to us about bravely facing life and money. Gaby is a bestselling author, journalist, television writer, actress, and LGBTQ activist whose podcast “Bad With Money”, was named one of the top ten podcasts of 2016 by The New York Times.

Gaby brings a queer, feminist, unabashedly radical point of view to the podcast and uses both her unique life experiences and humor to bring clarity to tough financial topics. In this episode, Gaby talks to the guys about facing the harsh reality of today’s world, how to side-step the haters, and how we are all capable of economic independence.

Highlights:

  • How did your parents mold your financial literacy?
  • The American Dream vs Reality
  • The Millennial Myth
  • Looking “wealthy” on social media
  • The unethical unpaid internship
  • Owning your content and getting paid
  • What social media platform is best for you and your business?
  • Follow where the money goes
  • Pay the haters no mind

Key Takeaway: You aren’t alone… we are all struggling. Gaby explains that by taking the painful first steps of being truthful about your money problems, you can become more adaptive to solving your woes with creative, ambitious, and well-educated solutions.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Gaby Dunn

Podcast: https://www.stitcher.com/podcast/panoply/bad-with-money

Twitter: https://twitter.com/GabyDunn

Instagram: https://www.instagram.com/GabyRoad

Bad with Money Book on Amazon: https://www.amazon.com/Bad-Money-Imperfect-Financial-Together/dp/1501176331

Mar 12 2019

55mins

Play

Rank #13: Money Moves to Make and Avoid in Your 20s, 30s, and 40s (Pt 1) - PB95

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On the show, today Rich and Marcus will be discussing the 15 personal finance books that Marcus set out to read in 2018. So far Marcus has read 10 of them. The guys share the lessons learned from these books and give you recommendations on which books are most important for your age range. There are different strategies for money management in your 20s, 30s, and 40s and in this 2-part discussion P&B breaks down money management for these three key decades in your life.

Memorable Quotes: “Money is not taught in school. Schools focus is on scholastic and professional skills, not finances. Children spend years in an antiquated educational system studying subjects they will never use, preparing for a world that no longer exists.”

Highlights:

Key Takeaway: Reading books about different perspectives on money management and investing can provide you with the knowledge you need to make smart financial decisions throughout the different stages of your life.

Our Fav Tools and Resources
  • We created a free guide, The 15 Minute Paychecks & Balances Money Plan: Your Guide to Financial Freedom, exclusively for our email subscribers. Sign-up today and see why just 15-minutes can change the next 15 years of your life.
  • Struggle saving money? Sign-up for Digit today!
  • Need to collect money or invoice clients? Sign-up for Square.
  • Purchase Marcus Debt Free or Die Trying book series on Amazon.
Announcements
  • Are you a financial blogger or podcaster? Are you interested in taking your financial brand to the next level? Or maybe you just want to see the Dulcet Brothers in person! Whatever your motivation may be, FinCon2018 is the place to do it. FinCon is where money & media meet -- a great conference that Paychecks and Balances has faithfully attended the last three years. This year they're taking their talents to Florida, September 26-28. Learn more and purchase your ticket here at: Paybal.co/fincon18
  • Visit our *updated* PATREON page for more info! We revamped the page to include a new tier system and even more exclusive information for subscribers. We’re raising funds to grow the show so we can create more great content that helps you get ahead professionally and financially.
Support Paychecks & Balances

Aug 14 2018

40mins

Play

Rank #14: PB84: Automate Your Way to Saving 1x Your Income

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On this week's P&B Money Minute we discuss how to save 1x your income by age 30 and 3x by age 40 using a few automated tools we recommend. Marcus reveals why he finally logged back into his retirement accounts after a 12-month hiatus and the three step process you can follow to potentially increase your retirement savings without impacting your takehome pay. Plus, the automated tools you can use to make retirement savings easy. On this show we'll explain:

  • Maximizing your tax cut to supersize your annual IRA/401k savings
  • How one change in how you invest in your 401k combined with an employer-match might net you up to $70,000 by retirement
  • Why Investor.gov has become our new fav tool for quickly estimating FI/RE, compound interest, and retirement savings goals
  • The pros/cons of investing in a Retirement Target Date Fund versus an Index Fund
  • Why compound interest on savings from ages 20-40 might have more impact on your retirement than your contributions from ages 40-60

Mar 06 2018

54mins

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Rank #15: PB11: Credit Card Tips & Bad Money Habits

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This week we discuss why it's important (and beneficial) to keep your income profile updated on your credit card(s). In the market for a new credit card? We also discuss the pros/cons and "how to" not only search for a new credit card but also how to pick the credit card that best fits your specific need. Lastly, staying on the subject of debt management this week, we share our 5 favorites from @MyFabFinance of MyFabFinance.com’s 12 Things You Probably Shouldn’t Be Doing If You’re Broke. Announcements: Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances! Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.

May 31 2016

48mins

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Rank #16: PB37: His & Her Money ft. Tai & Talaat McNeely

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We welcome in 2017 with the awesome couple behind HisAndHerMoney.com, Tai and Talaat McNeely. His and Her Money is a journey of how two high school sweethearts fell in love, got married, but were total opposites when it came to handling their finances. Between being the proud parents of three children, Tai and Talaat find time to share their personal stories on love, money, and personal finance to help others find the financial freedom they have found. On this week's episode we discuss: Why you need to attach a personal mission statement to your budget goals How following "the norm" can lead you financially astray "You need more discipline, not more dollars." Advancing your financial discussion as your relationship advances, "as your relationship graduates, so should your conversations about finances." Resources: View His and Her Money on YouTube Announcements: Take the first ever P&B Audience Survey today! Check out our new PATREON page! We’re raising funds to grow the show so we can create more great content that helps you get ahead professionally and financially. Debt Free Or Die Trying is out now! Cop it in that Amazon! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances and Instagram at the same name!

Jan 10 2017

1hr

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Rank #17: PB31: Save Where You Can ft. Donna Freedman

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Donna Freedman's motto: “I save where I can so I can spend where I want.” This week she teaches us how she does it. Donna is the author of Your Playbook For Tough Times: Living Large On Small Change, For The Short Term Or The Long Haul and she has over 20 years of experience writing and helping people with personal finance for media organizations like MSN Money and online publications including Vox Media and Get Rich Slowly. We have another funformative conversation with Donna covering: How to build and stick to your spending plan Aligning your personal budget with your life goals and intentions Accurately managing "Opportunity Cost" so your spending maximizes your happiness Resources: Receive a discounted copy of Donna's book, Your Playbook for Tough Times, by visiting http://paychecksandbalances.com/yp and using discount code: PAYCHECKS (good through November 30, 2016) Check out Donna's post, Write A Blog People Will Read For more information and helpful tips on credit card comparisons, check out Beverly Harzog's website as discussed on the show Announcements: Check out our new PATREON page! Patreon provides a forum for you to help us create more great content, reach more people and receive exclusive content. Debt Free Or Die Trying is out now! Cop it in that Amazon! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances and Instagram at the same name!

Nov 22 2016

51mins

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Rank #18: PB4: Size Doesn't Matter

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Size doesn't matter! Well, when it comes to your personal finances anyway. Do you have at least $2,000 in debt or more? Simply adding $10 extra dollars to your minimum payment can save you over $2,400 in interest payments and help you pay your debt off in 1/3 of the time. Don't have $10? LIAR! But, just in case you are telling the truth, we found 5 easy ways to save you over $3,000 this year with a few temporary cutbacks. Sacrificing for just 90, 180, or 365 days can help you pay off your debt in months instead of years. Want to save even more money? Hop on over to Bankrate to use their free debt payment calculator to see how soon you can pay off your debts. Still don't believe us? Listen to the show and we'll prove it.

Announcements:

Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps.

LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances!

Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.

Mar 29 2016

46mins

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Rank #19: PB23: Mo Money, Mo Work

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Marcus has an epiphany: "You can spend less money than you make or make more money than you spend." What does that even mean?!!? Well, in the game of Paychecks & Balances you can work harder or you can work smarter. In this week's Money Minute we discuss why most people are more interested in how they can make more money versus cut back on where they spend. Why? Because cutting back on the lifestyle we've become accustomed to sucks! We get it! But, keeping it really reals? It might be easier to save money than make more money. On this week's Main Segment, we highlight an article from Quartz about why you shouldn't rush to quit your day job to pursue your dreams, as told by someone who quit their day job to pursue their dreams. So if happiness isn't found at the 9 to 5 and happiness isn't found in pursuing your dreams...where does happiness hide? We're glad you asked. That's why we spend the second half of the show discussing how to locate the sweet spot between your dreams, hobbies, day job while still making a livable income. Announcements: Look for us at #FINCON16! Debt Free or Die Trying is now available in stores and DebtFreeOrDieTrying.com is live. Be sure to check them both out. See what we did there? We’re happy to announce that we’ve been featured on iTunes and have been as high as #19 in the Business category! Be sure to check it out. You can also helps us reach an even larger audience by leaving us a five star review. Thank you all for the continued love and support!! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances!

Sep 20 2016

1hr

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Rank #20: PB33: Millennial Work & Money ft. LaTisha Styles

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We're joined by Latisha Styles of LatishaStyles.com and YoungFinances.com. Latisha specializes in helping Millennial entrepreneurs focus their goals so they can maximize their returns. Latisha doesn't just talk-the-talk, she walks the walk by relying on her own personal experience when she escaped the 9 to 5 Matrix and established her own successful business. A self-made entrepreneur, Latisha tells us about: - How the right mentors and coaches can help Millennials get ahead faster - The plan and books she used to pay off over $30,000 in personal debt - The journey she took to start a blog that eventually grew into her new full-time profession - Some tips you can use to take your first (low risk) steps into personal investing Announcements: Check out our new PATREON page! We’re raising funds to grow the show so we can create more great content that helps you get ahead professionally and financially. Debt Free Or Die Trying is out now! Cop it in that Amazon! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances and Instagram at the same name!

Dec 06 2016

58mins

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Building Generational Wealth ft. Damien Peters of Wealth Noir - PB150

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Today on the show we welcome Damien Peters! He’s the founder and Chief Product Officer of Wealth Noir and Victoriam Consulting Group. Damien is a former Facebook product manager, MIT alum, MBA, and self-proclaimed “personal finance nerd.” At Wealth Noir, Damien strives to work with you to generate wealth and presents information from the African-American perspective, teaching about the importance of financial freedom and generational wealth. Damien is also on the Board of Advisors for /dev/color, a non-profit focused on transforming black software engineers into industry leaders. He currently lives in Valencia, Spain with his wife and son, “managing all endeavors remotely while drinking plenty of sangria.”

In this episode, you’ll hear Damien talk about his time at Facebook, how he got started in investing and why the “buy and hold” approach in real estate will earn you the most cash for the future.

Highlights:

  • Damien’s past jobs
  • Being able to afford taking a year off!
  • Investment properties and building your net worth
  • Lifestyle creep, the appearance of wealth, and hanging onto your money long-term
  • The “Silent” Millionaire
  • Understanding your Net Worth
  • Owning a Home vs Investing in Real Estate
  • Damien’s experience during the housing crash
  • Buy and Hold: Forced appreciation approach to Damien’s real estate strategy
  • The importance of CREDIT
  • Building wealth for the future generations of your family

Key Takeaway: The way you build wealth is by first building a financial mindset

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Damien Peters

Website: https://www.damienpeters.com/

https://www.wealthnoir.com/

https://www.victoriamconsulting.co/

LinkedIn: https://www.linkedin.com/in/damienpeters/ Instagram: @wealthnoir Facebook: https://www.facebook.com/peters.damien Twitter: https://twitter.com/TheRealMrPeters

Jan 14 2020

57mins

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Making the Leap ft. Eric Patrick of the Black Market Exchange - PB149

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Dr. Eric Patrick joins the Paychecks & Balances family today. Dr. Patrick a pharmacist turned investor and Entrepreneur. He’s the founder of “The Black Market Exchange”, which he developed because of the lack of people of color in the investing space. The BMEX is an educational platform that teaches investing and stock trading, that’s rooted in hip-hop and pop culture. The company has grown to over 50,000 loyal members, which includes subscribers to Dr. Patrick’s daily stock market newsletter “PAPERTRAIL”. PAPERTRAIL covers the latest stock market news with funny commentary and even has a “bangin’ playlist that’s for the culture each weekday to help you secure the bag”.

In this episode, you’ll hear about Dr. Patrick’s journey out of his 9 to 5 Pharmacy job, how he stayed true to his roots while starting his business, his entry into the cannabis space and how some people prefer working a day job, and that’s ok.

Highlights:

  • Being a pharmacist “in charge”
  • How shifts in company culture can affect you and your mental health
  • The transition out of your 9-5 job can take a long time, be patient
  • “It’s not a rat race if you truly enjoy your job”
  • Entrepreneur shame
  • The process and hustle of putting out a daily newsletter
  • Staying true to who you are and where you come from when creating a vision for your business
  • Starting a social media agency
  • Helping cannabis entrepreneurs through “Green Tree”

The Takeaway: Don’t try and be somebody you’re not with your business. When you show up authentically in the world, people will be drawn to you and your ideas.

Paychecks & Balances

Websites: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

The Black Market Exchange

Website: https://www.thebmex.com/

Instagram: https://www.instagram.com/black_market_exchange/

Facebook: https://www.facebook.com/BlackMarketExchange

YouTube: https://www.youtube.com/user/BlackMarketExchange?sub_confirmation=1

Twitter: https://twitter.com/BMEX_

Jan 07 2020

55mins

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Our Year-End Mindset Shifts - PB148

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Today its’ just Marcus and Rich on the podcast. They’re doing a 2019-year in review and checking in with each other to get some feedback on where they’re both at in their business and personal lives. They’re both highlighting some changes in their mindsets and uncovering some things they’ve learned about using their time more effectively and being more deliberate with their goals.

In this episode they discuss why your time is more valuable then you think, the importance of taking new opportunities, learning new skills at your job, and taking charge of your investments. Perhaps the most important thing they’ve learned in 2019 is that you have to enjoy the process of self-improvement and that your mental health is at the root of all your successes. If you don’t get your mental health right, it’s hard for the other things to fall into place.

Highlights:  

  • Marcus getting a new job and moving to a new city
  • Starting a new job and having to learn new processes and procedures
  • Dealing with imposter syndrome
  • “Don’t be afraid to go after a new opportunity for 6- 8 months, it doesn’t have to be permanent”
  • “Where you’re at today is the culmination of the past 10-15 years”
  • Declaring side hustle income goals
  • SEP IRA’s for business owners
  • Making moves on your own, within your investment accounts
  • Determining the hourly rate for your life
  • Hiring help for the tasks that take up too much of your time
  • Continuing Therapy and taking advantage of your companies “Employee Assistance Program”

Key Takeaway: It’s important to reflect back on your year and take note of your wins and loses. You can’t change what you don’t track, so write down those goals and improvement areas of your life, and crush them in 2020.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Dec 10 2019

1hr 21mins

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Picking the Right Side Hustle ft. Nick Loper of Side Hustle Nation - PB147

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Today we welcome the host of “The Side Hustle Show”, Nick Loper. The Side Hustle Show is a weekly podcast that has been running since 2013. It explores creative ideas on how to make money outside of your day job. Nick is a side hustle enthusiast and many years ago he created a comparison-shopping website for footwear, that allowed him to quit his full time corporate job. Since then he’s had dozens of other side hustle successes and failures.

Nick is a believer that with hard work, the right niche and some patience, everyone can have some success with a side hustle, and use the extra cash to save more money, pay off debt, learn new skills or try and escape the rat race. Nick is also the founder of https://sidehustlenation.com .The site has hundreds of side hustle ideas and it showcases Nick’s success and failures as well as gives actionable lessons from other side hustle entrepreneurs.

In today’s episode you’ll learn how to come up with the right side hustle idea, how a podcast can help grow your business, the importance of hiring help once you can afford it and why you have to grind daily, after your 9-5.

Highlights:

  • Using affiliate marketing
  • Doing product reviews on YouTube
  • Working on your side hustle after hours
  • Living below your means
  • “Consistency is key”
  • Having a lot of interest in what you’re working on will keep you going when you feel like quitting, because you actually care about what you’re working on and aren’t motivated by just the money
  • Hiring a virtual assistant once you can afford it
  • Putting systems and processes in place within your side hustle business
  • Service based side hustles vs. product based side hustles

Key Takeaway: Starting a side hustle is a great way to make extra money, but it’s also about building a future of financial freedom and being in control of your life.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Nick Loper

Website: https://www.sidehustlenation.com/

Facebook: https://www.facebook.com/SideHustleNation

YouTube: https://www.youtube.com/c/NickLoper

LinkedIn: https://www.linkedin.com/in/NickLoper

Podcast: https://www.sidehustlenation.com/side-hustle-show/

Dec 03 2019

1hr 16mins

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How to Be Awesome at Your Job ft. Pete Mockaitis - PB146

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Today we welcome the host of “How to be Awesome at Your Job”, Pete Mockaitis to the show. Each week, Pete grills thought-leaders and results-getters to discover specific, actionable insights that boost work performance. He also runs an Enhanced Thinking & Collaboration (ETC) Training Program, which aims to improve businesses, foster collaboration and reduce wasted time. He’s provided 1-on-1 coaching to 700+ professionals from elite organizations such as Google, the UN, Amazon, Goldman Sachs, FedEx, McKinsey, Apple and more, across 50 countries and all Ivy League schools.

In this episode, you’ll hear Pete talk about consulting, starting his own business, and how to channel deep focus for difficult tasks.

Highlights:

  • What’s sexy about consulting?
  • The challenges of consulting
  • Pete’s love for transforming people and making a move towards entrepreneurship
  • What is my offering? Who are my customers? How do I acquire my audience?
  • 400 days’ worth of savings before starting a business
  • House Hacking
  • Happiness is the key to being awesome at your job
  • The 80/20 Rule
  • Scheduling uninterrupted-deep-work time
  • Stay in touch with your network (“Build the well before you’re thirsty.”)
  • Syncing up with your manager

Key Takeaway: When you’re trying to achieve your dreams, you must set yourself up for success. Define what success looks like, have a substantial savings to float you for a time, and create a strategy for your potential customers.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Pete Mockaitis

Website: https://awesomeatyourjob.com/

LinkedIn: https://www.linkedin.com/in/petemockaitis/ Instagram: https://www.discoveryourtalentpodcast.com/podcast/pete-mockaitis/ Twitter: https://twitter.com/peteawe?lang=en Podcast: https://awesomeatyourjob.com/podcast/

Nov 12 2019

56mins

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Stop Waiting Start Doing ft. Michelle Jackson - PB145

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Today, we welcome Michelle Jackson to the show. She's the founder of "Michelle is Money Hungry", a holistic financial/entrepreneurial and wellness resource, focused on empowering women with financial tips and tricks. Michelle runs a popular blog and is also the host of the podcast “Michelle Is Money Hungry.” She offers a course on eBook creation, hosts an in-person retreat “Money on the Mountain” and is the host of a second podcast about her love for Colorado called, “Square State: A Blog All About Colorado.”

In this episode, you’ll hear Michelle talk about her journey towards financial independence, how you can expand your network, and how to start your own business TODAY!

Highlights:

  • Empowering women with money and entrepreneurship
  • FIRE: Financial Independence Retire Early
  • Why Michelle decided to quit her job
  • “You are not defined by your work”
  • Leveraging the internet to make money
  • The money trap of shopping at Target
  • Meet people in your areas of interests! Those contacts will get you jobs
  • Hanging with people who make more money than you
  • Fail fast and hard! Perfectionism is a waste of time
  • Listen to what your audience wants

Key Takeaway: Life is too short for working at a bad job and putting off starting your business. Get specific with what you want and begin now.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Michelle Jackson

Website: https://michelleismoneyhungry.com/

Pinterest: https://www.pinterest.com/MichelleIsMoneyHungry/

Facebook: https://www.facebook.com/MichLovesMoney/

Instagram: https://www.instagram.com/michelleismoneyhungry/

Twitter: https://twitter.com/MichLovesMoney

Podcast: https://michelleismoneyhungry.com/podcast-2/

Nov 05 2019

57mins

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Choices Are Everything ft. ChooseFI - PB144

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Today on the show we welcome Brad and Jonathan, the founders of ChooseFI. Drawn together by their deep desire to help everyday people achieve financial independence, they developed a business that offers financial information to make peoples lives less stressful and more financially secure. Brad and Jonathan offer advice, articles, and resources to help their audience become more financially literate and tackle their own money battles with courage.

In this episode, you’ll hear the story behind the ChooseFI Podcast, why saving is the root to all success, and how to transform your money mindset.

Highlights:

  • Jonathan’s battle with debt
  • How do you get “financially literate?”
  • “Time is the ultimate luxury”
  • Defining financial independence for yourself
  • Savings drive everything
  • What does my life actually cost? Should I earn more? Or spend less?
  • Breaking down the Roth Ladder Conversion
  • How can we get 1% better each day
  • Playing the long game to become a millionaire
  • The importance of having a vision and plan
  • Small sacrifices can add up to big wins over time
  • Freedom requires sacrifice
  • Stop thinking about why you shouldn't and start thinking about why you should

Key Takeaway: Once you define to yourself what you want and adopt a mindset to support that lifestyle, you will be on your way to financial independence.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

ChooseFI

Website: https://www.choosefi.com/

Facebook: https://www.facebook.com/ChooseFi/

YouTube: https://www.youtube.com/choosefi

Twitter: https://twitter.com/ChooseFi

Podcast: https://www.choosefi.com/podcast-episodes/

Oct 29 2019

1hr 8mins

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Moving with Purpose ft. Cortlon Cofield - PB143

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Today on the show we welcome Cortlon Cofield, the Owner & Lead Advisor of Cofield Advisors LLC, to talk about entrepreneurship and financial independence. He is a Certified Public Accountant (CPA) and Personal Financial Specialist (PFS) who has dedicated his career to helping entrepreneurs and creatives achieve financial clarity and peace of mind. Services like Business Advisors, Financial Advisors, and Accountants are all under one roof, making Cofield Advisors a one-stop-shop for all financial services. Their mission is to save entrepreneurs time and money by providing tax planning and financial planning guidance year-round.

In this episode, you’ll hear Cortlon talk about ditching his 9-5 to start his own business, the importance of financial independence, and how you can achieve success through consistent action.

Highlights:

  • Discovering your Why
  • How Cortlon found his mentor
  • “Why do we need to derive purpose from work?”
  • Taxes are everyone’s #1 expense
  • From 9-5 to entrepreneur
  • Burning those safety bridges so there is no Plan B
  • The first step to making a million dollars… is believing its possible
  • Retirement vs Financial Independence
  • Ethical advice when it comes to finances
  • 5 Things I Wish I Knew Before I Started My Business
  • Battling with Imposter Syndrome-Courage through Action

Key Takeaway: Your mindset is the foundation for your success with money. When you start taking pride in what you do, how you bring value to others, and all that you can achieve, wealth will be inevitable.

Resources:

Paybal.co/learn - We help millennials make money, save money and get out of debt.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Cortlon Cofield, CPA

Website: www.cofieldadvisors.com

Instagram: @cofield_advisor

Facebook: https://www.facebook.com/cofieldadvisors/

YouTube: https://www.youtube.com/user/cortlon91

LinkedIn: https://www.linkedin.com/in/cortlon-cofield-cpa-pfs-ba109732/

Oct 22 2019

42mins

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Making $1,000 a Day in Stocks ft. Teri Ijeoma - PB142

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Teri received her Bachelors degree in Management Science from the Massachusetts Institute of Technology (MIT) and her Masters in Media and Communications from Dallas Theological Seminary. She then began her professional career working in education and nonprofits. She started trading stocks as an opportunity to supplement her income. But, she was so successful with this side hustle that she decided to quit her job in 2017, travel the world, and begin trading full-time. Teri now offers an online curriculum that shares her investing strategies with people all over the world. Further, she partners with organizations and companies to train and empower individuals to achieve financial freedom and build wealth through investing.

Get her course and start boosting your side income by clicking here.

This week's sponsors: 

  • The College Investor – provides a breakdown of their favorite high yield savings accounts, as well as provides a list of the best savings accounts every day, and updated daily. Make sure you check the table to get the best rates by visiting the College Investor today!
  • University of California Irvine – If you are trying to start a new career, advance your career or better develop an appreciation of the world around you, UCI Division of Continuing Education has the resources needed to support your undertakings. There are certificate programs and specialized studies programs available making it easy to advance your career in as little as 6 months. For 15-percent off, visit ce.uci.edu/PaychecksBalances and enter promo code "paychecks" at checkout.

Oct 15 2019

41mins

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Out of a Job and Into a Surprising Industry ft. Ken Carfagno - PB141

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Ken Carfagno, founder of Carfagno Cleaning Inc. is on the podcast today. Ken and Rich met at Podcast Movement 2019 and after hearing Ken’s story, Rich asked him to be on the show. Ken is a cleaning specialist with over 14 years of experience. Carfagno Cleaning serves houses & professional office buildings. Ken’s wife Teresa founded the company, and after Ken got fired from his engineer job at General Electric, he began helping his wife clean.

Ken currently cleans the offices for Gehman Design Remodeling, EJS Medical Billing, and the Pennridge Animal Hospital in Pennsylvania. He also coaches cleaning owners nationally through the SMART Cleaning Biz platform. Ken’s regarded nationally as a cleaning industry leader through the coaching he offers to other cleaning service owners. 

Ken’s journey to cleaning success was a 10 year struggle that started with him being fired from General Electric and having to climb out of six figures worth of debt. In this episode you’ll hear Ken’s story and learn why you need to be grateful for the job that you have and give it 100% everyday even when you’re focusing on your side hustle.

Highlights:

  • Management training at GE
  • MLM – Multi Level Marketing as a side hustle
  • Sacrificing a family and personal life for corporate success
  • Short term thinking vs. long term thinking on the job – The Ripple Effect
  • Being approach by HR and a security guard when being fired
  • The importance of keeping track of all your finances in business and your personal life
  • Being harassed by debt collection companies
  • “Planting positive seeds”

The Takeaway: If you’re in a job you don’t like, it’s still a gift. Don’t take it for granted and sow bad seeds into the ground.  Bad seeds don’t bear good fruit

Resources:

Paybal.co/learn - We help millennials make money, save money and get out of debt.

Paychecks & Balances

Website: https://paychecksandbalances.com/

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances/

Twitter: https://twitter.com/PayBalances

Ken Carfagno

Podcast: Solo Cleaning School (on iTunes, Stitcher as of Thursday)

Website: www.smartcleaningbiz.com

  Facebook: www.facebook.com/kencarfagno

Oct 08 2019

47mins

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Mastering Passive Income Through Real Estate ft. Dustin Heiner of Master Passive Income - PB140

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The Master Passive Income business owner, Dustin Heiner joins the P&B family today. Dustin is a podcaster, author, real-estate investing coach and a wildly successful real estate investor. Dustin’s journey into real estate began after getting laid off from a corporate office job. At that point he realized that he would never get wealthy working for someone else, so he began working hard toward being his own boss.

A weekend real estate seminar on how to buy rental properties inspired Dustin to make his first real estate investment. The key to this seminar was investing for passive income, not appreciation. The rest is history. Now, years later, Dustin and his family live off of the passive income his properties produce and they travel the world together.

Highlights:

  • Not depending on anyone other than yourself to make money
  • Setting up the real estate business FIRST, before buying property, i.e. hiring property managers and repairmen
  • Getting business referrals and clients through networking events
  • Why “location, location, location” is not always true in real estate
  • Investing in the Midwest because it’s cheaper
  • Working only 30 minutes a month
  • Investing for passive income NOT appreciation
  • Pricing your rents slightly below average
  • Seller financing
  • Buying a house on a credit card

The Takeaway:

When you’re investing in real estate for passive income rather than appreciation, you have fixed costs, which allows you to predict your profit every month.

Resources:

Paybal.co/learn - We help millennials make money, save money and get out of debt.

Paychecks & Balances

Website: https://paychecksandbalances.com/

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances/

Twitter: https://twitter.com/PayBalances

Dustin Heiner

Website: https://www.masterpassiveincome.com/

Facebook: https://www.facebook.com/MasterPassiveInc/

Instagram: https://www.instagram.com/thedustinheiner/

Youtube: https://www.youtube.com/c/masterpassiveincome

Sep 17 2019

48mins

Play

Pursuing Financial Independence ft. Mr. and Mrs. Rich and Regular - PB139

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Rich and Marcus recorded this weeks episode at #Fincon19, with their friends Julien and Kiersten, of Rich & Regular. Fincon is a yearly conference aimed at helping financial influencers and brands create better content, reach their audience, and make more money. Julien and Kiersten are part of the FIRE movement (Financial Independence, Retire Early) and on today’s episode they discuss bridging money gaps with your partner, being obsessed with saving and setting unique financial goals based on a desired lifestyle.

Highlights:

  • The problem with using a credit card with no intention of paying off the purchase
  • Super Saving – Saving 50% of your income and investing it
  • Investing in taxable accounts that you can access before your 60’s
  • Sticking to financial goals with the added expense of having children
  • There’s no financial plan for the “average individual” because everyone’s life is so different
  • Having friends over for food and drinks, instead of spending money going out
  • Focusing on increasing income vs. focusing on cutting down on expenses

Key Takeaway: There is no one-way to start saving and investing. You need to come up with a plan that fits your income, your goals and your lifestyle.

Resources

Paybal.co/learn - We help millennials make money, save money and get out of debt.

Paychecks & Balances

Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Rich & Regular

Website: https://richandregular.com

Facebook: https://www.facebook.com/richandregular/?ref=aymt_homepage_panel

Instagram: https://www.instagram.com/richandregular/

Twitter: https://twitter.com/richandregular?lang=en

YouTube: https://www.youtube.com/channel/UC4HUQztCZd9c1q2rB7SmOAQ

Sep 10 2019

28mins

Play

How Does She Do It ft. Tiffany Southerland - PB138

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On today’s show we welcome back an old friend, Tiffany South. Tiff is a graduate of Cornell University and the Pennsylvania Law School. After becoming an accomplished lawyer, Tiff realized that although she was great at law, she had lost her love of life and began to redefine what career and success meant for her. It was in this transition that she founded Four Corners Coaching. Four Corners started as a blog and evolved into a company where Tiff helps people redefine what success means to them and works with them to develop strategies to leverage those strengths across all areas of their lives.

On today’s episode Rich and Tiff are discuss career journey’s and provide some insight on how to know when your career path is out of alignment with the vision you have for your life. They also give some tips on how to document your work accomplishments so that you can accurately determine your value when employee review season comes around at your job.

Highlights:

  • Being responsible for your own career progression
  • Free thought and ideas are treated differently within different companies
  • Tippy toeing around in the PC culture we live in
  • How to asses a work environment to see if it’s right for you
  • Anonymously reviewing a company via the blind app
  • Staying motivated to work on your side gig after your 9-5
  • Determining your niche and how to monetize it
  • Using your success to empower your community
  • Undervaluing yourself at work
  • The importance of documenting your work accomplishments

Key Takeaway: Know your values and recognize when your life and career are out of alignment.

Resources

Paybal.co/learn - We help millennials make money, save money and get out of debt.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Tiff South

Website: https://www.fourcornerscoach.com

Instagram: https://www.instagram.com/tiffsouth/

Podcast: https://podcasts.apple.com/us/podcast/how-does-she-do-it-practical-insight-honest-perspective/id1043813945

Twitter: https://twitter.com/tiffsouth

Sep 03 2019

56mins

Play

Money, Business and Relationships ft. Sylvia Inks - PB137

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This week we’re welcoming back Sylvia Inks to the show! As a Personal Finance Coach and author of the book, Small Business Finance for the Busy Entrepreneur, Sylvia’s mission is to help small business owners make more money to create and grow profitable businesses. On this week’s show, Sylvia shares her productivity tips and ignites an in-depth conversation on how each of us can strategize our next steps, in order to create forward momentum towards profitability.

In this episode, you’ll hear us discuss our methods of accomplishing necessary tasks, balancing relationships and your business, and how to take control of your finances in order to level up in your career.

Highlights:

  • Volunteering your time and practicing your presentation skills
  • Tell people what you do. Do not be shy!
  • Financial Advisor vs Financial Coach
  • To- Do List Debt and Productivity Hacks
  • The 2-Minute Rule: “If any takes two minutes…. Get it done NOW!”
  • Accomplishing High Priority/ Non-Negotiable Tasks to break out of “paralysis by analysis”
  • Theme your weekdays to set purpose and create momentum in your week
  • Navigating relationships and your business schedules
  • Determining when you can afford to hire help, for your business
  • The different ways to pay yourself as a small business owner

Key Takeaway: The name of the game is STRATEGY. You must focus very specifically on your goals, non-negotiable tasks, and the direction you want to go in order to be successful with your small business. It’s not enough to create a list of To-Do tasks and work several hours a week. You have to deliberately accomplish high priority tasks and become financially responsible, in order to change your life.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Sylvia Inks

Website: https://smifinancialcoaching.com/ Facebook: https://www.facebook.com/smifinancialcoaching/ Twitter: https://twitter.com/smifinancial/ LinkedIn: https://www.linkedin.com/in/sylviainks/

Aug 20 2019

47mins

Play

The Road to Financial Independence ft. Diania Merriam - PB136

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Diania Merriam joins Marcus and Rich on the podcast today. Diania is the creator of EconoMe. EconoME is a one-day conference aimed at reclaiming the American Dream. The American Dream started as an idea that every person had the right to pursue his or her own idea of happiness. EconoMe is about reclaiming that right! While EconoMe has roots in the FIRE movement (Financial Independence, Retire Early), EconoME really believes that happiness comes from freedom, creativity and community. It subscribes to a new American Dream that doesn’t necessarily include excessive material possessions, conveniences or money.

In today’s episode Diania talks about her journey into getting out of $30,000 of personal debt and what gave her the motivation to pay it off by aggressively saving 60% of her income. Her debt journey and her philosophy about the American Dream led her to create EconoMe.

Highlights: 

  • Being 8 years away from being financially independent
  • Money Mustache, the blog that started it all for Diania
  • Saving 60% of income to aggressively pay off debt
  • Focusing on a goal gives you a real reason to start saving
  • 25x your yearly expenses, the magic number for being financially independent
  • Investing via low cost index funds
  • Maxing out retirement accounts
  • Planning and launching a conference

Key Takeaway: The American Dream doesn’t have to include excessive material items and money. The American Dream is really living your ideal lifestyle and working on things that you want to do, not things that you have to do.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

EconoMe

Website: https://economeconference.com/

Facebook: https://www.facebook.com/EconoMeConference/

Aug 13 2019

42mins

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Two Guys One Therapy (And Career!) Session - PB135

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Rich and Marcus are back with another freestyle episode. Today they’re doing a mid year check in and breaking down how they’re feeling mentally and emotionally in 2019, as well as touching on some career and entrepreneurial things that have been prominent in their lives as of late.

Highlights:

  • Using moderate amounts of anxiety to help you accomplish goals
  • Being proud of your accomplishments
  • Expectation gaps by comparing yourself to others
  • Journaling as part of your routine
  • Taking a little extra time to figure things out when you get a new job
  • Creating a user guide to help co-workers understand you
  • Finding it difficult to enjoy the journey AND the destination
  • It’s not about hitting all your goals its' about having goals to hit

Key Takeaway: Your mental state has everything to do with dominating your career and building solid relationships with friends and family.

Paychecks & Balances

Websites:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Jul 30 2019

1hr 2mins

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Her First $100K ft. Tori Dunlap - PB134

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On the show today we welcome Tori Dunlap of “Her First 100k”. Tori is a financial advocate who educates millennial women and other underserved communities on financial literacy. She’s on track to save her first 100k by before her 26th birthday and has made it her mission to help others pay off debt, save, invest and get their money right so they can be in the driver seat of their life.

Her father taught her about money from the age of 9 when he helped her start her first company, a vending machine business. It was this experience that kick started her savings account and her entrepreneurial drive. Some years later, after getting her college degree she began to see her female friends get paid less than their male counterparts and miss out on career opportunities because of being female. She knew she had to fight back.

In this episode Tori talks to us about her financial upbringing, her business, her financial philosophies and her passion for disrupting the current financial ecosystem that is overwhelmingly dominated by older, straight, white males.

Highlights:

  • Owning 15 vending machines by the end of high school
  • Growing up with privilege
  • Take that loose change to the bank, avoid Coinstar machines
  • A crash course in marketing after landing a huge job outside of college
  • Becoming a financial advocate for the underserved
  • Landing a job when you don’t meet the requirements
  • The relationship between privilege and money
  • Getting ahead financially in a system that wasn’t built for you
  • The guilt and shame surrounding money
  • Priority based spending
  • Automating your savings
  • Not getting credit for your success

Key Takeaway: A lot of the current financial guru’s aren’t in touch with the financial issues of the millennial generation. It’s our job to make our voice heard and disrupt their antiquated financial advice.

Paychecks & Balances

Websites:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Twitter: https://twitter.com/paybalances?lang=en

Tori Dunlap:

Website: https://www.herfirst100k.com/

Facebook: https://www.facebook.com/herfirst100K/

Instagram: https://www.instagram.com/herfirst100k/

Twitter: https://twitter.com/herfirst100k

LinkedIn: https://www.linkedin.com/in/toridunlap/

Jul 23 2019

1hr 6mins

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The Best Thing That Ever Happened - PB133

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Today on Paychecks & Balances, we freestyle! This episode is all about entering back into the job search world and the trials and tribulations that come with that. Both of us decided recently to make a career shift and today we share our stories with you. Whatever your case may be: whether your current role isn’t a good fit, you want to pivot in your career, or need to feel truly challenged, the first step is putting yourself out there. And that’s terrifying! But with a little preparation, realistic expectations and unbreakable stride, this job search could have you become a stronger, more confident version of yourself.

In this episode, we discuss the advantages of “internal mobility” within a company, how you can prepare aggressively for your next job interview and what happens when things don’t go according to plan during a job search.

Highlights:

  • Using everything to your advantage during a job search
  • The pros of internal mobility
  • Cover letter tips and key points to focus on
  • LinkedIn Learning Courses
  • Prepare 10x for your next interview/ skip the mock interview
  • Seeking that sensation of “truly feeling challenged”
  • Challenging the perception of yourself
  • The differing perspectives on job happiness

Key Takeaway: Getting clear about why you want a new job or that career change is critical when entering the great unknown of job searching. Luckily, passion and preparation are two major assets you can arm yourself with when beginning this journey.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Jul 16 2019

45mins

Play

Riches Get Stitches ft. BGR - PB132

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Kitty and Piggy of Bitches Get Riches join the P&B family today. Kitty and Piggy are anonymous financial bloggers whose aim is to guide young people through their financial hurdles and careers. They do this through their fun, unique blend of sass, comedy and bluntness. The driving force behind their wildly successful blog is their longtime friendship. Kitty and Piggy met as college roommates over a decade ago.

In this episode you’ll hear both the girls stories about what got them interested in talking to Millennials about money and careers. They touch on their upbringing, working in corporate America, paying off debt via a side hustle, their views on retirement and why adulting is so different for Millennials.

Highlights:

  • Immediately standing out from the crowd when blogging
  • Being asked to lend your parents money, as a child
  • Using a side hustle to pay down debt
  • Retiring to create and put things out into the world, not to just stop working
  • The flaws of online retirement calculators
  • Accepting the first job offer you get out of college, while continuing to look for the RIGHT job
  • The rules to adulting as a millennial
  • Imposter Syndrome

Key Takeaway: Determine your values and priorities. These will help guide you through your career and financial decisions.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Bitches Get Riches

Website: http://www.bitchesgetriches.com/

Kitty’s Instagram: @BGRKitty

Piggy’s Instagram: @BGRPiggy

Patreon: https://www.patreon.com/bitchesgetriches

Jul 09 2019

1hr 1min

Play

Everyday Millionaires with Chris Hogan - PB131

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Chris Hogan, author of Everyday Millionaires and creator of The Chris Hogan Show is on the podcast today. Chris started his career in the banking industry and now travels around the country talking to people about money, leadership and business. He’s been a part of Dave Ramsey’s, Ramsey Solutions for 14 years. Chris’s passion is educating individuals and families on how to take control of their money so they can take the necessary steps to pave the way for their dreams and leave a legacy. 

In this episode you’ll hear what Chris and his team learned from surveying 10,000 U.S Millionaires, as well as why he believes that the American Dream is still alive. Chris understands that regardless of your background, with the right education, belief, and action steps you can set yourself up to be financially secure and to potentially be an everyday millionaire.

Highlights:

  • The transferrable skills from sports to business
  • Leaving a legacy for your family, customers and community
  • Most millionaires aren’t trust fund babies, they worked hard and stuck to a plan for years
  • Top millionaire professions: Engineers, Accountants and surprisingly, Teachers
  • The 3 steps to your millionaire path: Belief, Knowledge and Action
  • Giving yourself a raise by getting out of debt
  • The Debt Snowball Effect
  • Investing is paramount to become a millionaire
  • Investing based on your risk tolerance

Key Takeaway:

Start looking for an investment professional to help you with your finances as soon as you’re aware that you have dreams and goals that you want to accomplish. Sit down with someone so they can look at where you’re at and layout a plan to help you get there. You can begin investing with a few hundred dollars.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Chris Hogan

Website: https://www.chrishogan360.com/

Instagram: https://www.instagram.com/chrishogan360/

Facebook: https://www.facebook.com/chrishogan360

Twitter: https://twitter.com/chrishogan360

YouTube: https://www.youtube.com/user/ChrisHogan360

Jun 25 2019

35mins

Play

iTunes Ratings

834 Ratings
Average Ratings
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Chipo from Zimbabwe, Africa

By MaiKaiNaWanai - Jan 06 2020
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Loving being part of the P&B community. Wow learning so much and the perfect way to kickstart 2020. Marcus&Rich are real, chill & smart - just the inspiration I need to stop making excuses. Zimbabwe has been in a huge economic mess the past 20years, but listening to this podcast, I realised that all working people are in the same boat worldwide = governments and systems generally will take the most money they can from you. 2020 I’m making smarter choices about money and making it work for me. Thanks guys! Keep it going. You are making a bigger impact than you realise.

Real

By ADMOR - Jan 01 2020
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I like how real Marcus and Rich are. It is hella refreshing in a Hollywood veneer world.