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Rank #147 in Investing category

Business
Careers
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Paychecks & Balances

Updated 4 days ago

Rank #147 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

802 Ratings
Average Ratings
744
37
5
4
12

Helping me be financially literate!

By Bryttany MW - Nov 04 2019
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I can definitely say that I am quite financially illiterate so your podcast is definitely helping! I look forward to learning more! Maybe one day I’ll have a cool success story to share with the world!

M.Z.

By PanaMami - Oct 31 2019
Read more
Very informative podcast. I look forward to each episode so I can learn more about finances, savings etc. So much to know and learn. Keep up the great work!

iTunes Ratings

802 Ratings
Average Ratings
744
37
5
4
12

Helping me be financially literate!

By Bryttany MW - Nov 04 2019
Read more
I can definitely say that I am quite financially illiterate so your podcast is definitely helping! I look forward to learning more! Maybe one day I’ll have a cool success story to share with the world!

M.Z.

By PanaMami - Oct 31 2019
Read more
Very informative podcast. I look forward to each episode so I can learn more about finances, savings etc. So much to know and learn. Keep up the great work!
Cover image of Paychecks & Balances

Paychecks & Balances

Updated 4 days ago

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

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Rank #2: 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 #3: PB67: The Total Money Makeover (A Millennial Review)

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It's our first PB BOGO: this week's Money Minute segment show covers lessons learned from Dave Ramsey's and you get a full review on the PB blog: The Total Money Makeover: A Proven Plan for Financial Fitness! Our discussion includes:

  • Are The Total Money Makeover, Envelope System, and Snowball Debt Payment method still relevant for the Millennial (ages 18-34) generation
  • The 14 Personal Finance books we will read (so you don't have to) and breakdown on upcoming shows
  • Why Marcus disagrees that “personal finance is 80 percent behavior and only 20 percent knowledge” - Dave Ramsey
  • The pros/cons and still relevant advice found in The Total Money Makeover (2013)
  • Why "spend more than you earn or earn more than you spend" might be more timely advice for our generation
References Announcements

ICYMI - A recap of Marcus' presentation for #InternationalPodcastDay is now available on Youtube.

October: We’ve been selected to speak at FinCon October 25-28th: How to Build a Money Podcast Without Being an Expert.

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 on how he buried and dug his way out of over $30,000 in debt by age 30, Debt Free Or Die Trying, 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 and Instagram at the same name!

Oct 03 2017

46mins

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Rank #4: PB53: Broke Millennial ft. Erin Lowry

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Ready to get your financial life together (#GYFLT)? Erin Lowry, creator of BrokeMillennial.com and author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together is here to help! Broke Millennial, the book, is a step-by-step guide on how to go from flat-broke to financial badass. Unlike most personal finance books, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting). Erin goes beyond the basics to tackle tricky money matters and situations we all face #IRL.

Broke Millennial, the author, joins us for a multi-faceted conversation covering everything from career and salary negotiations to the financial experience she gained from infamous "Krispy Kreme Incident" that forever changed young Erin and set in motion a lifetime of personal discipline & financial expertise starting at age 7. On this entertaining show we discuss:

  • How to successfully transition from the paycheck-to-paycheck lifestyle to establishing your own personal brand and entrepreneurial business
  • The income, health care considerations and mental prep you should consider that allowed Erin to quit her day job making less than the U.S. average median income while still saving over 12-months of living expenses in one of the most expensive cities in the country
  • The pros and cons of self-publishing versus traditional publishing, as well as a chapter by chapter breakdown of Broke Millennial covering the work, money, and career advice you need to know
  • Steps you can take today to "treat your money with respect," immediately cutting out unnecessary fees and expenses, so you can start controlling your money instead of letting your money control you to live the life you want and deserve

Exclusive to Paychecks & Balances listeners, if you purchase Broke Millennial and email Erin proof-of-receipt at info@brokemillennial.com with the subject line "Paychecks & Balances", she will send you a free unreleased bonus chapter!

ASK PB:

This week's listener question:

Firstly I'd like to say thank you for this podcast, it's been so informative for me. My question is, how do you resist the impulse to buy?

Have a career or personal finance question you need answered? Just click the ASK P&B button!

Sponsor

Special thanks to our sponsor, FreshBooks. To get a free 30-day trial of their super-easy-to-use cloud accounting software, visit freshbooks.com/paychecks and enter “paychecks and balances” in the How Did You Hear About Us section.

References Announcements

PB Blog: Rich tackles a personal finance topic and listener question. Check them out!

Get your personal finances in order with Marcus’ NerdWallet and Money.com features:

Check out Rich’s roundtable with Stacking Benjamins!

We’re on Soundcloud!

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 on how he buried and dug his way out of over $30,000 in debt, Debt Free Or Die Trying, 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 and Instagram at the same name!

May 09 2017

1hr 31mins

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Rank #5: 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

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Rank #6: 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

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Rank #7: PB49: Back to Budgeting Basics + The Backdoor Reference

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We get back to basics on this week's Money Minute with simple tips you can use to create a budget you'll actually stick to. Yes, we here at PB already admitted that budgeting sucks, but is it a necessary evil we just have to follow? Some would argue no, "...here's the thing about budgeting: It's not fun. At all. And for that reason, it often ends up just being a waste of time..." - David Bach, self-made millionaire. On our This Week in Work segment Rich covers the Managing for Dummies struggle and how even experienced professionals can fall victim to "the backdoor reference". This week's topics include:

  • Why maintaining a budget may or may not work for you when you're not already a millionaire like Mr. Bach
  • Marcus shares lessons learned from a Christmas story from his teens that continues to shape his perspective on budgeting in his adult life
  • Rich reminds us that today's coworkers can be tomorrow's personal character or professional reference
    • The Backdoor Reference: When someone has a contact in their network that knows the person under consideration and they reach out to them unofficially to get the scoop, the grapevine, The Real, or even just the juice.

Apr 08 2017

47mins

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Rank #8: PB48: Renting vs. Buying ft. Kirk Chisholm

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The rent is too damn high! But, what happens when the mortgage is too high, also? Among many other quarter-to-midlife items on the must have crisis checklist, the "you need to buy a home" struggle is real. Whether we like it or not, many of us still see homeownership as the final ornament on top of the Christmas tree of life that officially marks when we've graduated to adulthood and the "American Dream." But, have you ever thought about who sold us this dream? Is homeownership an expense or an investment? What happens when you don't own, you prefer to rent, or you have no interest in ever owning a home? The answers are complicated.

Luckily, we have Kirk Chisholm on this week's show to help us navigate the complex data and analyze the true pros/cons of renting versus owning. Kirk is a Principal and Wealth Manager at Innovative Advisory Group, an independent RIA (Registered Investment Advisor) located in Lexington, MA. He has been providing financial advice to individuals and families since 1999. "If you rent a home, it is an expense. When you buy a home, it is an expense. If you buy a home and rent it out to a third party, it becomes an investment." In addition, this week we discuss:

  • What information you should review before deciding to rent or buy.
  • The true cost of homeownership and why a 20% downpayment on a home will not return the best investment on your funds compared to other investment options.
  • Why what you don't know about renting versus buying can cost you thousands of dollars.
  • A listener voicemail on recommendations for easy-to-use index funds for young and first-time investors.

Apr 04 2017

1hr 2mins

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Rank #9: 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 #10: PB66: Become Financially Independent and Retire Early (FIRE)

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The Millennials are at it again. Our generation discovered in 20-years what other generations took 40-years to figure out: working your entire life away so maybe you can retire (if you're lucky) is a recipe for suc-sucks! On this episode, we explore #lifehacks and the simple math that can help Millennials hasten their financial independence and retire early enough to actually enjoy our money long before age 67.

  • The History of FIRE” lays the groundwork for our discussion on FI/RE (Financial Independence / Retire Early)
  • TheCollegeinvestor.com shares how you can become Financially Independent while still enjoying your money when you're young
  • Find motivation and money by maximizing savings on the three expenses where the average household spends over 60-percent of their income: home (33%); transportation (16%); and food (13%)
  • The simple formula you can use to calculate the amount of money you need to reach financial independence and why it might be as low as $2,000/mo
  • The monthly totals you need to save each starting at ages 20/30/35/40 to retire early
References Announcements

September: Tune in for a LIVE presentation of Paychecks & Balances for #InternationalPodcastDay on Saturday, September 30th 8pm PST / 10pm CST! Click here for more information and the full schedule.

October: We’ve been selected to speak at FinCon October 25-28th: How to Build a Money Podcast Without Being an Expert (or boring).

Sep 26 2017

47mins

Play

Rank #11: 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 #12: PB56: The Truth About Credit ft. Liz Weston

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This week we’re joined by Liz Weston. Liz is a Columnist and Certified Financial Planner (CFP) whose goal is to help us get smarter about money. She's the author of five books including the best-selling "Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future." Her “Money Talk” column appears throughout the country, including the Los Angeles Times and she has appeared on TV shows, such as CNBC’s Power Lunch, NBC Nightly News, and the Today Show. On this show Liz lends her expertise to help us cover:

  • Why most people don't know they have hundreds of credit scores and that the FICO8 is the most commonly used by lenders
  • The surprising, hidden cost increases your credit score might have on bills ranging from insurance, cell phone, to the down payments on your apartment and cable bill
  • One mistake you can make that can lower your credit score over 100 points in one month
  • Tips for rebuilding and repairing your credit history and credit score
  • What credit utilization percentage and age you should use to determine when a consolidation loan or bankruptcy is the better option
Sponsor

Special thanks to our sponsor, FreshBooks. To get a free 30-day trial of their super-easy-to-use cloud accounting software, visit freshbooks.com/paychecks and enter “paychecks and balances” in the How Did You Hear About Us section.

References

Liz Weston

Other Helpful Tools & Info

May 30 2017

1hr 1min

Play

Rank #13: 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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Rank #14: 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 #15: 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

Play

Rank #16: PB52: I Ain't Too Proud to Budget

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While the Fyre Festival proves you can't buy common sense, but you can put a price on ignorance, Rich and Marcus use this week in viral events to try to figure out how a few Instagram models and an admittedly well-produced marketing video scammed hundreds of people out of thousands of dollars. Further, in an attempt to go platinum with no guest features, we bring back the Money Minute and This Week in Work segments this week. Finally, the hostest with the mostest wrap-up with a listener question on a career problem we wish we faced ourselves, "is it ok to take a break between jobs?"

Money Minute

  • "I ain't too proud to budget"
  • The 50/30/20 budget might be the easiest budgeting tool you didn't know you were missing
  • How you can modify the traditional "envelope system" to help design a budget you'll actually use

This Week In Work

  • Another week, another (old) person makes a sweeping generalization about Millennials
  • Rich and I share our pros, cons, and (un)solicted opinions on John Pollard v. Millennials
Sponsor

Special thanks to our sponsor, FreshBooks. To get a free 30-day trial of their super-easy-to-use cloud accounting software, visit freshbooks.com/paychecks and enter “paychecks and balances” in the How Did You Hear About Us section.

References Announcements

Get your personal finances in order with Marcus' NerdWallet features:

PB Blog: Rich and Marcus tackle a personal finance topic and listener question. Check them out!

Check out Rich’s roundtable with Stacking Benjamins!

We’re on Soundcloud!

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 on how he buried and dug his way out of over $30,000 in debt, Debt Free Or Die Trying, 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 and Instagram at the same name!

May 03 2017

1hr 12mins

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Rank #17: 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 #18: 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

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Rank #19: PB7: Career Moves in Your 20s and 30s

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On a quick note, Rich discusses the benefits of keeping yourcredit card information up-to-date (income, address, etc.).However, this week's main topics? Career moves you can make in your20s to win in your 30s. Already in your 30s? Ok, still applies! Weshare our own experiences and lessons learned from the5Best Career Moves to Make in Your 30s. Topics cover but are byno means limited to: 1) How to Boost Your Leadership Skills; 2) TheImportance of Networking and Coworker Relationships; 3) WhyYour Relationship with Your Ex-Boss Is Still Important at Your NewJob; 4) Public Image and Personal Branding (Be sure to check outour previousepisode on the importance of branding and mentoring here); and5) How Public Speaking Can Set You Apart from Your Peers. Also,need additional tips to improve your public speaking? We have an episode for that.

Announcements:

Looking for more career development and debt freedom tips? Joinour email list at PaychecksandBalances.com/email for exclusive contentincluding 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 onTwitter @PayBalances!

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

May 03 2016

36mins

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Rank #20: 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

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