56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances

56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances

Rich Jones and Marcus Garrett are the men behind Paychecks and Balances, a podcast aimed at helping Millennials figure out their finances. And they should know a little on the subject—both Rich and Marcus made some pretty epic money mistakes in their youth. From Rich just not looking at his bills to Marcus actively going into almost $30K of debt in 72 hours (NOT a typo!), they know what owing money to someone feels like. Marcus details his D.E.B.T. plan so you can pick yourself up, dust yourself off, and pay off your debt for good. Are you looking to be debt-free in 2019? This episode can help you formulate a plan that works for your specific situation, with tips for staying out of debt once you arrive. In This Episode We Cover: Marcus and Rich's money journey How Marcus spent $26K in just one weekend How Rich optimized his budget around things he wants versus the things he needs The concept of the debt snowball Rich's hybrid approach to tackling his debt The purpose of an emergency fund Advice for being financially responsible The importance of focusing on priorities first Their advice for people on paying debts The importance of being conscious about your decisions, especially when it comes to paying debt Building responsible habits And SO much more! Links from the Show FinCon Podcast Movement Mint Annual Credit Report Bankrate Paychecks & Balances Podcast - How I Reached Six Figures in My Trading Account ft. Jason Brown- PB105 Uber Lyft We Read the 15 Best Personal Finance and Investment Books and Summarized the Action Items From Each That Will Make You Rich - Paychecks and Balances Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(741)

The FIRE Movement Is Dead! (What You Need to Know)

The FIRE Movement Is Dead! (What You Need to Know)

Is the FIRE movement dead? In 2025, more people are catching on to the huge downsides of pursuing financial independence, retire early. Strict frugality, massive sacrifice, working harder than ever…is...

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The All Out Approach to Achieve FIRE in Your 30s (Median Income Earner)

The All Out Approach to Achieve FIRE in Your 30s (Median Income Earner)

In this BiggerPockets Money episode, we break down the all-out approach to reaching Financial Independence and Retiring Early in your 30s. No tech salary required, no inheritance, no luck. Just aggres...

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Did She Already Reach Coast FI at 46? (Finance Friday)

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In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench tackle two pivotal financial decisions with their guest, Kristel. Has she already achieved Coast FI without real...

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Net Worth By Age In 2025 (Are You Above Average?)

Net Worth By Age In 2025 (Are You Above Average?)

Let's talk about the average net worth by every age, and how to make sure you save and invest enough money to stay on track. In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott ...

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Should You Keep or Sell Your House? (Best Choice for FIRE)

Should You Keep or Sell Your House? (Best Choice for FIRE)

Should you sell your house right now or turn it into a rental property? In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench dive deep into one of the biggest financ...

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FI at 44 AFTER Taking a Year Off at 31

FI at 44 AFTER Taking a Year Off at 31

What if you could take a year off at 31 and still retire early? Alex Morales, also known as Girl Chasing Wealth, is doing exactly that. In this BiggerPockets Money episode, she sits down with Mindy Je...

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The Four Fundamentals of Retirement Drawdown

The Four Fundamentals of Retirement Drawdown

Join Mindy Jensen and Scott Trench on the BiggerPockets Money Podcast as they welcome retirement tax experts Sean Mullaney, The FI Tax Guy, and Cody Garrett, a certified financial planner, to break do...

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Why Early Retirement Means Paying Less in Taxes

Why Early Retirement Means Paying Less in Taxes

In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by tax experts Sean Mullaney and Cody Garrett to reveal how early retirement can actually be your sma...

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