Paychecks & Balances

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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    
Paychecks & Balances – PB106 Today Kwame Christian re-joins Rich on the podcast. Kwame was one of the first guests that appeared on the show during the creation of Paychecks & Balances. Kwame is a business lawyer by trade and the Director of The American Negotiation Institute. His mission is make conversations easier by using a multidisciplinary approach to the teaching of conflict management and negotiation. These skills can come in especially handy when dealing with your boss, roommate, family, friends, spouse etc… Last year, Kwame hosted a TEDx Talk on “Finding Confidence in Conflict.” He also hosts the top negotiation podcast in the country, “Negotiate Anything”. In this episode you’ll learn some tips on how to talk to your partner about finances, how to talk to HR during your performance review at work and what the difference between internal and external negotiation is. Highlights: Kwame’s Tedx Talk “Finding Confidence in Conflict” received over 24,000 downloads in 24 hours. Cognitive Appraisal, the perception of experience. Fear and anxiety before a big conversation. Using CBT (Cognitive Behavioral Therapy) to overcome anxiety and have more confidence during conversations. Compassionate Curiosity – A three-step process that includes: Acknowledging emotions, getting curious with compassion and joint problem solving. Before the conversation the internal negotiation starts. This is where you’re negotiating with yourself, getting curious. In this stage you’re determining where you stand, how you feel, what you want and why. There are three reasons for why a conversation breaks down: The Frame, the pace or the direction. The frame is the story line you put on the conversation. The pace is how fast the conversation happens. The direction is how you’re guiding the conversation. Persuasive Weight – To much persuasion in a conversation for one person to handle. LinkedIn, the best place to do business. The Takeaway: Get curious; know your intentions and feelings going into a conversation where you’re going to be negotiating. Keep the conversation on track and don’t use too much persuasive weight to try and get your way. Paychecks & Balances Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances Instagram: @paybalances Facebook: https://www.facebook.com/paychecksandbalances Twitter: @paybalances Kwame Christian Website: https://americannegotiationinstitute.com/ LinkedIn: https://www.linkedin.com/in/kwamechristian/ Negotiate Anything Podcast: https://itunes.apple.com/us/podcast/negotiate-anything-negotiation-persuasion-influence/id1101679010?mt=2 Tedx Talk: https://www.youtube.com/watch?v=F6Zg65eK9XU Kwame’s Book - Nobody Will Play with Me, How To Use Compassionate Curiosity To Find Confidence in Conflict: https://www.amazon.com/Nobody-Will-Play-Compassionate-Confidence-ebook/dp/B07K611VQD/ref=sr_1_1?s=books&ie=UTF8&qid=1541460180&sr=1-1&keywords=nobody+will+play+with+me+how+to+use+compassionate                        
PAYMENTS? Credit card, PAYMENTS? WE TALKING CREDIT CARDS PAYMENTS??? That's right friends. We talking credit card payments. This week we also address two listener questions from our Twitter account:  RT @mmhmmgirl @PayBalances: what's the quickest way to get a lowered interest rate? RT @itsa_toristory @PayBalances: what should I be looking for when getting my first credit card? #PayBal Episode 8 covers: how to use a good credit card rate to help you pay off debt faster instead of accumulating more debt; the pros and cons of credit card points and rewards; how to calculate whether a balance transfer to a new card or paying over the minimum payment on your current credit card will save you the most money; and how a little pre-planning at websites like CreditCards.com might help you avoid paying any interest on your debts for over 12-months. Have more questions about the best debt payment plan? We recommend you use this FREE BankRate calculator to find even more ways to save on your credit cards and identify the best debt repayment strategy for your budget or contact us with your specific career or debt management question for a future PaychecksAndBalances Q&A. 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.
This week we're joined by Brian L. Fontenot. Brian is a well-known tech entrepreneur in the Austin, Texas area. He is also a philanthropist,  public speaker, world traveler, and illustrious member of the AΦA organization. We were happy to have Brian on the show to share his perspective on personal finance, open up about his community service passions and BLF Foundation, and provide tips for how you can travel like a baller while staying within your budget. [bctt tweet="Listen to @BrianLFontenot discuss travel deals, credit cards, and more on PB75: Paychecks on a Plane" username="PayBalances"] On this show we discuss: The trip that inspired Brian to start a community for travelers to find and share travel deals, ideas, and connections through "Driftr Travels" Intelligent ways you can responsibly use credit cards - paid off in full every month - to reduce or cover your out-of-pocket travel costs How you can use your local Visitor Bureau to find free, cheap deals and "staycation" ideas right within your city or state His views on the importance of education, community service, and giving back through the BLF Foundation and other initiatives   References Mentioned on This Show Brian L. Fontenot Foundation: BLFFoundation.org Website: BrianLFontenot.com DriftrTravels.com Twitter: @BrianLFontenot | @DriftrTravels Other Resources: @YoungBlkAustin Facebook: YBA Community   Announcements Paychecks and Balances Tools: We've partnered with NerdWallet for all your personal finance needs: Visit PaychecksAndBalances.com/Tools for more info and resources! 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 We’re giving away a $100 gift card! Check out PaychecksAndBalances.com/FirstTime for instructions on how to enter to win. 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, Debt Free Or Die Trying: How He Buried and Dug His Way Out Of Over $30,000 in debt by age 30 on Amazon! LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances @IamRichJones @THEMarcusGarret and on Instagram.
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  
Leigh Phillips joins Marcus on the podcast today. She is from EARN.org. EARN is a national, award-winning nonprofit. They work at the intersection of financial technology and economic inclusion to empower low-income Americans to take charge of their financial lives. In this episode you’ll hear Leigh Phillips explain how earn can help you get your finances in order and how you can win prizes by saving with “SaverLife”, an EARN program. Highlights: One in four Americans can’t afford an unexpected $400 expense without going into debt. Feeling in control of your money for your family. Automatic transfers to savings accounts. Building an emergency fund. Accomplishing savings goals to build personal confidence. Money problems for people of different levels of income. Inconsistency in income and expenses for Freelancers. Key Takeaway: Start with small savings goals to build personal confidence. Take advantage of automatic transfers from your checking account to your savings account. Also, build that emergency fund. Paychecks & Balances Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances Instagram: @paybalances Facebook: https://www.facebook.com/paychecksandbalances Twitter: @paybalances Lee Philips Website: www.earn.org Facebook: https://www.facebook.com/earnorg Instagram: @earn_org LinkedIn: https://www.linkedin.com/company/74114/                                      
We received two great debt-related questions this week. A listener recommends the "snowball" treatment, and another listener ask please help "fix my debt." We're always happy to answer the questions, you ask and we research! Excuse the link-overload, but it's important we provide you with all the tools you need. Check out this week's show if you have a question about the first steps to managing your debt or email us your specific career and debt management questions if you want us to consider answering on a live show! Listener Recommends: Wassup fellas, long time listener, love the show. You guys always talk about paying off debt and that's motivated me to tackle my credit card debt. I was on my company's benefits site and under financial resources they had a credit card debt payoff calculator. And basically this calculator tells you to put in your credit card balances and the interest rate and also how much extra you want to put towards paying off your debt each month. It then calculates how long it will take you to pay off the debt with the extra money versus if you just pay the minimum payments (which they assume is 3% of the balance). They then create a payment plan using the avalanche method of tackling the highest interest rate cards first and show you how much to pay on each card for how many months (you always pay at least the minimum) and then once you get a card paid off you put that payment to another card. So for example, if you're paying $300 in CC payments each month and you want to pay another $50 they allocate that $350 across the cards until all the debt is paid off. Does this make sense? Listener QA: So I want to get out of credit card debt by my 26th birthday next year in May. I have 11,464.51 at 18% APR and 1,848.43 at 0% till October after that it's 17% APR. After taxes I take home $3200. I'm just not sure where to start. Any suggestions are greatly appreciated. Helpful links and sources for this week's QA responses: We cover how to make a budget in less than 15 minutes on Paychecks and Balances episode, Where'd My Money Go? If you want to automate your budget, Rich and Marcus discuss the apps we use as well as a budget app a listener recommends on QA 8. Need a FREE Debt Payment Calculator? We've recommend three you can choose from: BankRate Credit Only All Debt Management Calculators SimpleDollar NerdWallet Editor's Note: Registration required. Chase Bank Presents: The Big Difference 10 Little Dollars Can Make Announcements: We made a guest appearance on the award-winning Stacking Benjamin podcast. Be sure to give it a listen in iTunes or on their website, From Drowning to Debt Free. 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! Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.
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 J.D. Roth Twitter: @JDRoth Website: GetRichSlowly.org National Financial Literacy Month April 2018 – Learn More at FinancialLiteracyMonth.com Book: Your Money: The Missing Manual by J.D. Roth SmartAsset: Housing and Transportation ate up around 50% of the average household budget BusinessInsider: Average Americans Spends 60% of Their Budget on Just Three Things Announcements 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.
Is it possible to live paycheck-to-paycheck on $500,000? This 30-year old couple thinks so. Join us this week as we review the budget read around the world and try to figure out how a couple making $500,000 before taxes can only have $7,300 in annual take-home income each year. Check out Scraping By On $500,000 A Year: Why It’s So Hard For High Income Earners To Escape The Rat Race from FinancialSamurai.com. After reviewing the budget, Rich and Marcus discuss: $185,600 in taxes? Taxes? TAXES??? How a Cost of Living Calculator can be used to help you determine how far your money will or won't go before you move around the country How incorrectly managing your discretionary expenses led to this couple spending an estimated $134,000 or 48% of their take-home income due to their own self-imposed choices Be sure to check out the article and give us your thoughts in the comment section below on this couple's $500,000 "paycheck to paycheck" struggle, where you would cut expenses if you had this amount of income, or if you can relate. You can also always email us with more info or questions. Announcements: 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. Marcus’ book on how he buried and then dug his way out of over $30,000 in debt, Debt Free Or Die Trying, is available on Amazon. Check it out! 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!
Now that you're recovering from the holidays and financial binging, we've got just the spend-over relief you need with our first episode of 2018. We're joined by Jen Hemphill of the Her Money Matters podcast. Jen is a military spouse & bilingual Latina who helps women who are tired of the traditional money advice break out their inner financial confidence so they can claim their own unique version of financial freedom. She is also an Accredited Financial Counselor (ACF). As a money coach, Jen believes that money should enrich your life not stress you out! Your money mindset is the foundation for your success with money, and money skills like budgeting, saving, etc. are the bricks that provide the foundation for building a strong financial “home.” On this show we cover: The real misunderstanding people have when it comes to budgeting Breaking the cycle of working hard but never seeming to get ahead financially How "expert advice" may harm your money and how to develop a plan that works for your lifestyle Why celebrating your money wins is as important to your continued success as developing a financial plan HMM 127: Seven Ways To Improve Your Financial Confidence To Kickstart Your Year References Mentioned on this Show Subscribe to Jen's Upcoming Book: Her Money Matters: The Missing Truth from Traditional Money Advice Podcast: Her Money Matters Twitter: @JenHemphill Facebook: Money With Jen YouTube: Jen Hemphill Announcements 037: Figuring Out Your Income & Expenses with Marcus Garrett for Popcorn Finance Podcast Our Latest Personal Finance Book Review by Marcus Garrett: The Millionaire Next Door by Thomas J. Stanley 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, Debt Free Or Die Trying: How He Buried and Dug His Way Out Of Over $30,000 in debt by age 30 on Amazon! LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances @IamRichJones @THEMarcusGarret and on Instagram.
You may remember Donna from our previous episode PB31: Save Where You Can ft. Donna Freedman. Donna's back with a new book, Your Playbook For Tough Times Vol. 2, some great personal finance advice and much more! For those of you who are new here, Donna has been a college dropout, a single mom, a newspaper reporter in Chicago and Alaska, and a late-in-life university student. She has over 20 years of experience writing and helping people on media organizations like MSN Money and popular online publications like our former guest's J.D. Roth's website, Get Rich Slowly. Her passion for helping people is evident on today's show and in the great giveaways she has for our audience. On this episode we discuss: Actionable tips from her new book and why, unlike some other top financial gurus, she doesn't assume your financial situation is always caused by your own doing or bad financial habits The opportunity cost -- money you could spend or invest elsewhere -- of student loans and why students, and parents of students, should always use a student loan calculator before signing any new loan agreements Simple ways and resources you can use to negotiate lower (or free) dental and health care costs How the "four gifts" rule can help you save money on Christmas and birthday gifts SPECIAL PROMOs FOR PAYCHECKS & BALANCES LISTENERS ONLY!!! Click here for a free download of Challenge Yourself to Save the popular and a fan favorite chapter from Donna's first book, Your Playbook For Tough Times: Living Large On Small Change, For The Short Term Or The Long Haul, containing 31 tips you can immediately use to save money today! Click here to visit Donna's direct platform and enter discount code PAYCHECKS for a $5 PDF copy of Your Playbook For Tough Times, Vol. 2! Interested in the original, too? Enter discount code BALANCES for the first edition of Your Playbook For Tough Times! References The Healthcare Blue Book - provides free online tools designed to enable consumers to understand how much they should pay for healthcare services The Fair Health Consumer - this tool estimates your costs for dental and healthcare procedures and services in the ZIP code where you want to receive care. More Helpful Tips & Recommendations from Donna: If you’re uninsured: At Healthcare Bluebook, type in what’s needed (foot surgery, biopsy, etc.) plus your zip code and get an idea of what you might pay for that treatment in your area. As the website notes, the cost for the same network procedure can vary by up to 400 percent. Even if you do have insurance, using a tool like this could mean having to fork over less of a copay (e.g., 20 percent of $300 rather than $500). Or use Fair Health Consumer’s cost lookup tool to get an idea of what an average service or treatment should be, then print out something called a “binding cost estimate.” This basically says, “This amount is what we know to be less than a billed charge but more than a typical insurance payout.” Present it to a potential provider, say frankly that cost is a huge issue for your household and you’d like to know if you could get the needed treatment at this price. You can strengthen your negotiation by offering to pay in full at the time of the visit. If you can pay in cash, that might be enough of an incentive to get the provider to agree. Even if you had to use a credit card you’d at least be getting the best possible price for treatment. Keeping prescription costs down: Common meds may be free! Some supermarket pharmacies offer certain antibiotics, generic Lipitor, prenatal and children’s vitamins, the diabetes drug Metformin and other medications without charge. Among the grocery chains providing free medications are Amigos United, Giant Eagle, Meijer, Price Chopper, Publix, Reasor’s, Schnucks, ShopRite and Wegman’s. Contact Info: Website: DonnaFreedman.com Twitter: @DLFreedman Facebook: Surviving and Thriving Books: Kindle and paperback available on Amazon ICYMI - PB53: Broke Millennial ft. Erin Lowry Announcements 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!
THE REVOLUTION WILL NOT BE TELEVISED! WIM was finally released from protective custody this week, and in a double secret probation reveal, he is un-trapped from the closet as he discusses both the title of his new book (now available in eBook for Amazon Kindle) and his government name, and that's just the first five minutes of this week's show! On topics you actually care about, this week's Money Minute covers a few easy changes you can make to save over $4,500 a year. For example, did you know if you pay over $200 for cable, you're paying more than $2,400 a year and you spent over $12,000 in the last five years? Damn Daniel, back at it again with the cable vans? And that's just one bill we discuss. Imagine how much money you could save if you focused on cutting back in the top 3 most expensive bills for the Average American Family? That's why this week's show focuses on where the average person is spending their money and how you can make some simple (and temporary) cutbacks to save thousands over the next 12 months. After all, $287,000 is the new $100,000. It might be time for you to consider some "lifestyle deflation". But, it's not all bad news! Our Main Segment talks about why Millennials do it better (than Baby Boomers, anyway)! 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.
Optimist, Skeptics, and Cynics: which one are you? Fancy yourself a "Realist"? We discuss the three types and why it's ok to occupy two of these groups, but not the third. This week's motivational quote? “People who say it cannot be done should not interrupt those who are doing it." - George Bernard Shaw. In this week's Main Topic, we discuss five top ways to make yourself indispensable at work using Inc's 12 Simple Steps. Tips include but are not limited to: why your word is your bond; establishing yourself as someone people are comfortable and want to reach out to; staying positive; and how you can learn more later by being more now. 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.
This week we're reminded about priorities: life vs. work. Adulting comes at you fast. Are Millennials destined to choose between work and life? Is the "work/life balance" a figment of our generation's imagination? We try to figure it all out on this week's episode. Also, are your friends killing your finances? We cover how to keep your friends from derailing you from the road to debt freedom and beyond. In an even more difficult scenario -- is your significant other killing your finances? We use an AskPolly: My Husband Can't Handle Money article to address how you can successfully discuss money and finances with your significant while minimizing the emotion and focusing on a goals-driven strategy that benefits both of your financial goals. Tune in! 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.
"Days go slow. Years go fast." - Marcus realizes in this week's Money Minute and This Week in Work hybrid. Rich and Marcus realize that "life comes at you fast" is more than a catchy insurance commercial quote. On this episode, we discuss practical tips for helping ensure you move forward at the speed of life. Topics include: "The Career Tripod" or three tips you can start using today to meet your career and personal goals at the same [gosh darn] time A LifeHack Marcus is trying for 2017 to make at least one personal or professional improvement every week of the year ProTips for how you can actualize your Main Plan, Back-up Plan, and Back-up Back-up Plan
Kanika Tolver joins us on the show today. Kanika is an Information Technology Federal Government professional, Entrepreneur, Coach and Author. Her company Career Rehab LLC, focuses on assisting career transformations for students, professionals and retiree’s. She does this through coaching, events and webinars with the ultimate goal of helping others create their own “epic lives” and reach their career goals. In her book “Career Rehab” Kanika helps you strip away the fear that’s holding you back from living the life you want and gives guidance on how to brand, market and sell yourself into jobs that are in alignment with your values. Values like work-life balance, good pay and on-going self-development are at the top of her list. In today’s episode Marcus and Rich sit down with Kanika and discuss her baby steps into entrepreneurship as a resume writer, what it’s like working for the Federal Government, the power of LinkedIn, building a professional network, and how thinking of yourself as a brand will get your more opportunities in life.     Highlights:   Side hustling as a career coach/resume writer Building a business from home while taking care of her sick mother Balance as the key for success in business and personal life What it’s like working in Washington DC “Don’t sleep on LinkedIn” Investing in a good head shot Leveraging LinkedIn groups Employee mindset vs. being a brand Beefing up your 401k contributions at work, once you get a raise How your personal values change from your 20’s to 30’s Bringing a dose of your personality to your job The importance of prepping for work meetings A “referral is the fastest way to an interview”     Key Takeaway: You have to leverage your skills and your network to sell yourself into a job that is in alignment with your life’s vision.     Paychecks & Balances   Website: https://paychecksandbalances.com/   Patreon: https://www.patreon.com/paybalances   Instagram: https://www.instagram.com/paybalances/   Facebook: https://www.facebook.com/paychecksandbalances   Twitter: https://twitter.com/paybalances?lang=en     Kanika Tovler:   Website: https://kanikatolver.com/ LinkedIn: https://www.linkedin.com/in/kanikatolver/ Facebook: https://www.facebook.com/KanikaRTolver/ Instagram: https://www.instagram.com/kanikatolver/ Book: https://kanikatolver.com/book/      
Paychecks & Balances – Episode 100 Today’s episode is about taking control of your debt. Having a lot of debt can feel crippling at times, but there are a ton of resources out there to help regain control of your life’s finances. Today on the Podcast Rich and Marcus interview Leslie Tayne. Leslie founded The Tayne Law Group in 2001 and since then her firm has helped thousands of people resolve their debts for a fraction of their original amount. They specialize in Credit Card Debt Relief, Student Loan Debt Help and Business Debt Relief. Tayne Law will help tailor a plan that works with your budget and financial situation.  Highlights: Before trying to refinance your student loans. You need to determine whether your have Private Loans or Federal Loans. Federal Loans provide many more repayment options. Refinance Fee’s should be made very clear in a loan disclosure document. This document shows you how much you’re borrowing, what the interest rate is, what your payments will be and how you can get help if needed. If this information is unavailable it’s highly suggested you stay away from borrowing from that lender. It might be in your best interest to hire a professional to help you through getting and paying back a loan. Financial Aid offices are only as helpful as the person on the phone/behind the counter wants to be or is allowed to be. Often times they don’t or aren’t able to help you with your student loan questions. Credibility is key when dealing with a lot of Credit or Debt relief companies. In some states these companies require licenses given out by the government. If you’re in a state that doesn’t require licensing, make sure you do your research and never pay money up front. Bankrupting student loans is not an option. Don’t fall victim to debt collection intimidation tactics. Contact a professional to help on your behave. The Takeaway: It will cost you a little money to hire a professional debt relief company. However, they will handle the situation correctly and often end up saving you money, time and stress. Paychecks & Balances Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances Instagram: @paybalances Facebook: https://www.facebook.com/paychecksandbalances Twitter: @paybalances   Fincon 2018 https://www.eventbrite.com/e/fincon18-where-money-media-meet-registration-38632553006?aff=fincon18&afu=180887706058 Leslie Tayne: Website: https://attorney-newyork.com/ Facebook:  https://www.facebook.com/TayneLawGroup/ Leslie's Book - Life & Debt: A Fresh Approach to Achieving Financial Wellness https://www.amazon.com/Life-Debt-Approach-Achieving-Financial-ebook/dp/B00SVKUP1A                
In this week's Money Minute, Marcus shares a helpful tool that he has used over the years to research career fields and options from the Bureau of Labor Statistics. Thinking of making a job change? Not sure what other professions are related to your current skillset? In school and want to make sure the job you want will exist in 4 years and allow you to "make it rain" or whatever the cool-kid equivalent of rain making is called in 2021? There's a website for that, the Occupational Outlook Handbook. Tune into this week's show to learn: Quick facts about your next career, such as Median Pay, Typical Entry-Level Education, Job Outlook, and more. The proactive professional steps Rich is taking now to ensure his dreams for the future don't become the ghost of professional missteps past. The differences between where Rich and Marcus thought they would be in college and how you might use their lessons learned to adjust your professional and collegiate pursuits. Lastly, Rich shares how a combination of personal growth, focus, discipline and the Paychecks and Balances show itself have helped him reach another milestone: paying off all of his personal credit card debt by 2017 Resources: The Bureau of Labor Statistics' Occupational Outlook Handbook Episode 20: Lifestyle Inflation Announcements: We're excited about "another one!" Be sure to check out our feature on NerdWallet for Black History Month 2017, 8 African American Financial Gurus to Follow. We're among some great and talented speakers and writers here. Find your expert, niche and get your follow on. 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. Debt Free Or Die Trying the book is available 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!
Every great collaboration is a love story. It’s intense. Passionate. Along the way, there are flashes of love, hate, pride, ego, ambition, and brilliance. This is One Plus One, the show about the spark that drives two original thinkers to ultimate success. We’ll unearth the stories of Paul McCartney & John Lennon, Frida Kahlo & Diego Rivera, Beyonce & Jay-Z, Shaq & Kobe, and many more, and learn what it is about their chemistry that led them to greatness. Subscribe to One Plus One today at wondery.fm/
Welcome to Paychecks & Balances first Question and Answer session. This week we tackle two listener questions: In the middle of a job search (looking for more money & more responsibility) and just found out that my dad is sick. I’ll probably need to travel often to help with doctor’s visits/treatment. Should I put my search on hold/decline offers or take the job and then slowly reveal my situation? Hi, I work in insurance. I really like insurance, but I don’t really like the culture of the insurance industry. For this reason, I’m interested in possibly pursuing opportunities at insurance start-ups. There’s one in particular that I’m interested in. My question is: how does startup recruiting work, and how is it different than recruiting at more mature companies. Also, given the info I’ve shared so far, how would you go about starting a conversation with the recruiting function at the startup I’ve described? Have a question for us? Contact us at info@paychecksandbalances.com or quickly access our ask.fm account at ask.fm/PayBalances. Announcements: Looking for more career development and debt freedom tips? Join our email list atPaychecksandBalances.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.
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/    
On this week's Paychecks And Balances 'Money Minute' we discover some easy ways to find money that's literally laying around your house. The average American has $100 in unused gift cards. Are you one of them? Pretty sure you've spent all your gift cards? Ok. What about unused credit card points? Each year, we lose out on over $150+ million in unused credit card points. Redeem Yourself! Um, yeah, that will make more sense if you listen to the show. In this week's In the Trenches segment, we talk "The Point of Disappointment" and why you should fail hard, fail fast, then move on and learn from your mistakes. Don't let disappointment be your stopping point, it's just another point in the road to success. Learn. Apply. Repeat. Improve. Move on! Your road to success it out there. You just have to find out and we'll show you how. Announcements: We're happy to announce that we're featured on iTunes this week 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.
Kicking off National Financial Literacy Month 2018 right, we're joined by Paula Pant of the Afford Anything website and podcast. When Paula graduated from college she did what society expected: she got a regular schmegular job. But, like many of us, she soon realized that working a 9 to 5 -- even at a job she loved -- deprived her of something even more valuable: personal freedom. Paula set out to become financially independent and along the way she discovered you can afford anything (but not everything). This week she shares her secrets for how you too can prioritize your financial habits to ensure you can live the life you want with the time you have, the one thing you can't replace. Our discussion covers: How Paula saved $28,000 on an income of less than $30,000 by prioritizing financial freedom over living paycheck-to-paycheck The importance of tapping into the emotional side of your goals to maintain the fuel you'll need to succeed How to "grow the gap" between what you earn and what you spend by identifying your values and using investments to supplement your income Realizing that nothing is free and why assigning your personal values to your spending is equally important as knowing your fixed expenses Why your biggest gains in savings can come from covering or keeping your rent/mortgage fees as low as possible In the spirit of Financial Literacy Month, this week's Action Items: Get clear on your values by aligning your spending with what's important to you Reduce fixed / unnecessary expenses for your greatest wins (two categories - housing and transportation - are 50% of the average American's expenses) Expand your network by joining like-minded people in related networking programs/conferences Grow the Gap between what you earn and spend with investments becoming your safety net
Tony Bradshaw, author of The Millionaire Choice is on the show today. He’s going to be talking to the good people of P&B about how to break out of the cycle of poor money habits and patterns that a lot of us learned growing up. Tony grew up in a lower income neighborhood in Nashville, Tn. Bills were paid late, utilities were often cut off and his family bounced plenty of checks. By the time Tony hit his mid 20’s he realized he was repeating his families cycle of financial mismanagement. Recognizing that something needed to change, he set out to learn how to handle money the correct way. Since then he’s made it his life’s mission to help people and families create a better life. Tony aspires to create a movement of financially educated and wealthy people who will make it their mission to fight poverty and help those in need across America and the world. He calls it The Millionaire’s Manifesto. In today’s episode we discuss how you can break out of the financial patterns you’ve learned by using your free time to educate yourself about money, to begin the shift needed to change your behavior.   Highlights: Money goals are simply a math problem The benefits of working for Dave Ramsey Learning financial patterns from our parents Appreciation vs depreciation Accelerating your debt payments Acquiring equity in a home Investing in yourself during your free time The psychology behind breaking out of old patterns Your network, largely determines your financial success   Key Takeaway: All of us have choices in life. We can choose to make better decisions surrounding money with a little education, effort and patience.   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   Tony Bradshaw Website: https://tonybradshaw.com/ Twitter: https://twitter.com/Tonybradshaw Facebook: https://www.facebook.com/themillionairechoice/ The Millionaire Choice: https://www.themillionairechoice.com/the-book   Mentioned on This Week’s Show: The Official Paychecks & Balances Online Course: https://paychecksandbalances.thinkific.com/collections              
Welcome to the first episode of Paychecks & Balances. We know time is money, so we didn't waste any time tackling our first show topic: "Paycheck Plateaus." What's a Paycheck Plateau? It's when you constantly find yourself with too much month left at the end of your money. At PaychecksAndBalances we've learned the hard way that your money stops growing way before you stop getting older and how a $5,000 mistake in your 20s can cost you over $630,000 by your 60s. That's why we spend this episode breaking down the money and career decisions you need to prioritize at each phase of your career in your 20s, 30s, and 40s.  Tune in so you can know better, then do better. 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.
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Podcast Details

Started
Mar 8th, 2016
Latest Episode
Mar 31st, 2020
Release Period
Weekly
No. of Episodes
183
Avg. Episode Length
About 1 hour
Explicit
No

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