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Rank #42 in Careers category

Business
Careers
Investing

Paychecks & Balances

Updated 3 days ago

Rank #42 in Careers category

Business
Careers
Investing
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Rich Jones is a podcaster, speaker and the founder of Paychecks & Balances, a multimedia platform dedicated to helping millennial professionals navigate their finances and careers. He has 11 years of experience working in staffing and human resources across industries, and in 2018 became 100% debt-free. His mission is to inspire and empower people to create freedom for themselves. Listen in for a down-to-earth and relatable approach to personal finance and career advice, and prepare to have some fun along the way!

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Rich Jones is a podcaster, speaker and the founder of Paychecks & Balances, a multimedia platform dedicated to helping millennial professionals navigate their finances and careers. He has 11 years of experience working in staffing and human resources across industries, and in 2018 became 100% debt-free. His mission is to inspire and empower people to create freedom for themselves. Listen in for a down-to-earth and relatable approach to personal finance and career advice, and prepare to have some fun along the way!

iTunes Ratings

872 Ratings
Average Ratings
812
38
6
4
12

Excellent content

By Eonthejourney - Jan 15 2020
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That episode with Damian was fantastic... It was great insight.... Listening from Turks and Caicos

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.

iTunes Ratings

872 Ratings
Average Ratings
812
38
6
4
12

Excellent content

By Eonthejourney - Jan 15 2020
Read more
That episode with Damian was fantastic... It was great insight.... Listening from Turks and Caicos

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 Oct 20, 2020

The Best Episodes Ranked Using User Listens

Updated by OwlTail 3 days ago

Rank #1: 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

Apr 24 2018

51mins

Play

Rank #2: 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 #3: PB76: 5 Tips to Get Your Work & Money Up in 2018

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This Week in Work segment returns! This is the segment of PB where we help you crack the professional code and discuss stories and topics relevant to the workplace. This week we’re talking about five things you can do in 2018 to get both your work and money up. We cover:

  • Using your bonus and merit increases to jumpstart your 401k while lowering your taxable income for the year
  • The benefit of the "electronic envelope system" -- using multiple bank accounts to accelerate and clearly manage your money goals
  • Tips for tracking your annual accomplishments in a way that will help you and your manager prepare for your performance evaluation
  • How certifications and continuing professional education can help you stand out from your peers and competitors
  • The difference between a Personal Advisor, a Mentor, a Coach and the other resources you need to develop in your career
  • Five ways to update your LinkedIn profile from "useless" to "You're Hired"

References Mentioned on This Show

"A person’s developmental network can’t be static but needs to evolve over time" https://t.co/yodbooppne pic.twitter.com/xtCe4FOhqB

— MITSloan Mgmt Review (@mitsmr) May 7, 2017

  • Our Recommended Project Management Tool: Trello

ICYMI

Announcements

Check out our feature on NBCNEWS.com: Self-taught financial advisers keep it real about money management by writer Mashaun D. Simon

Shout-out to XO Necole for naming us among 11 other great podcasts: 12 Podcasts For Women Trying To Glow Up In 2018

CONGRATULATIONS to @SStarrQuinn! Our winner for our first Paychecks & Balances $100 Gift Card Giveaway!

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

Watch Now: Marcus’ appeared on a CBS News CBSN panel: Your Money Matters covering debt, student loans, and more! Watch the playback at PaychecksAndBalances.com/CBSNOW

Thank You for the Support

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.

Dec 12 2017

42mins

Play

Rank #4: 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

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Rank #5: 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 #6: 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 #7: Your Money Mindset Matters ft. J.D. Roth - PB87

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Our National Financial Literacy Month guest interviews continue! This week we welcome back former P&B guest J.D. Roth (ICYMI – PB34: Become a Money Boss ft. J.D. Roth). J.D. is a recognized personal finance expert who has written for Forbes and recently returned to writing for his popular and insightful personal finance website, Get Rich Slowly.org. On this episode he helps you and us explore a different way to view money with a focus on saving you more of it. Your money mindset matters! We also discuss:

  • What he learned having already experienced the FIRE lifestyle
  • The motivation for re-launching GetRichSlowly.org and what readers can expect to learn this time around
  • Tips for identifying your passion and turning it into a business with multiple income streams so you too can achieve financial independence
  • Why personal finance doesn't have to be complicated if you follow the hundred-year-old rule of spending less than you earn and investing/saving the gap
  • Advice for finding your financial balance, so you can both enjoy today and save for tomorrow

[bctt tweet="GetRichSlowly.org is meant to help and inspire people to achieve whatever financial goals they may have. - @JDRoth" username="PayBalances"]

Financial Literacy Month: JD's recommended Action Items:

  • Self-Reliance. Rely on yourself to fix your problems with the positive affirmation of, "I am in charge of my life." Don't pay attention to others financial journey. Do what works for you.
  • Be Proactive. Don't let life just happen to you. Take charge of your life by identifying short-term (1-3 months) and long-term (3-months and beyond) goals you want to accomplish.
  • You, Inc. View your own personal finances like a business. Only three expenses account for 50-70% of the average household's expenses. Saving, budgeting, and living within your means are how you build a profit for yourself. Maximize your personal profits by spending less than you earn or earning more than you spend. Use the gap between income and spending to invest in yourself to accelerate your profits and financial freedom.

References Mentioned in this Show

Announcements

  • We’ve created a new free guide exclusively for our email subscribers: The 15 Minute Paychecks and Balances Money Plan: Your Guide to Financia

Apr 17 2018

45mins

Play

Rank #8: 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

Play

Rank #9: 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 #10: 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 #11: PB80: It's Never Too Late to Get Started

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A goal without a plan will remain a dream without a reality. On this week's show, we talk about the importance of clearly defining your goals and the small differences that define why some people succeed while others procrastinate. Using a variety of practices, like SMART (Specific Measurable Achievable Realistic Timely) and project management Apps and systems, Rich and Marcus share how they've defined their 3- to 5-year plans and the lessons learned from past successes (and failures). Tailor to your needs, because in the end, the best plan is the plan that works. Topics covered on this week's show:

  • The Side Hustle Account - How Rich uses multiple accounts to clearly define and track his financial goals for the year and how much money he has available to allocate to each.
  • Using Credit Cards to Make You Money - We talk about the importance of finding a credit card that matches your lifestyle. Used responsibly - paid in full each month - some credit card points and rewards might even save or make you money during the year.
  • Long-Term Monies - Once you've got your financial affairs in order it's time to start thinking about investments, retirement, and other personal finance needs. We share the steps we plan to take with our (employer-sponsored) 401ks for 2018 and beyond.
  • Enjoy the Journey - Lastly, as we discussed on PB78: Her Money Matters with Jen Hemphill, what good is money if you don't enjoy it? We end with a discussion on how P&B plans to give back after using our 20s to learn, 30s to apply, and 40s to teach and pay it forward.

What are your money and life goals for 2018 and how do you plan to achieve them? Let us know in the Apple Podcast reviews or ASKPB if you need more help planning your plan.

Sponsors:

  • LinkedIn Learning - Get a free 30-day trial of online courses galore by clicking here.
  • Health IQ - An insurance company that helps health-conscious people get lower rates on life insurance.  Go here to support the show and see if you qualify.

Jan 30 2018

1hr 12mins

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Rank #12: 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 #13: 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

Play

Rank #14: 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 #15: 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

Play

Rank #16: PB5: Watch Out for These Interview Questions

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This week on Paychecks and Balances we discuss interview questions you should always be prepared to answer when you're looking to secure that next paycheck. Topics include:

  • how to prepare for an interview;
  • the importance of researching potential employers before interview day; and
  • five example and situational interview questions you should always keep in mind, like "tell me about a time..." and tips for answering the infamous, "where do you see yourself in five years?" question.

Are there other interview questions you've asked, heard, or struggled with in your work experience? Contact us or share in the comments below. Enjoy!

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 12 2016

40mins

Play

Rank #17: 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 subsc

Aug 21 2018

40mins

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Rank #18: 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 #19: 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

Aug 14 2018

40mins

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Rank #20: 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

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