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(742)

143: How to Pay Off $160k in Debt in 3 Years While Making $90k

143: How to Pay Off $160k in Debt in 3 Years While Making $90k

Shannon Gauthier discovered the debt she and her husband had gotten themselves into when a debt collector caller her at work and she started asking questions. Shocked to discover $30,000 in unpaid deb...

21 Syys 20201h 11min

142: Ask Us Anything: Questions From the Audience with Scott & Mindy

142: Ask Us Anything: Questions From the Audience with Scott & Mindy

Scott & Mindy sit down today to answer questions sent in by listeners. They address topics all over the board - from student loan repayment and early retirement account withdrawal under the CARES act,...

14 Syys 202058min

141: How to Graduate College Debt-Free and Pursue FI Before 40 with 4 kids!

141: How to Graduate College Debt-Free and Pursue FI Before 40 with 4 kids!

Blake Nielson is a college professor whose wife stays home to raise their four children. Despite having only one income - and six mouths to feed - they have paid off their home and are on the path to ...

7 Syys 20201h 14min

140: How to Get Financial Freedom So You Can Do What You’re Meant to Do with Belinda Rosenblum

140: How to Get Financial Freedom So You Can Do What You’re Meant to Do with Belinda Rosenblum

Belinda Rosenblum is a CPA, a certified coach and her clients include Harvard Business School, Harvard University and the SEC. She’s worked for Arthur Andersen and L3 Enterprises. She’s got money all ...

31 Elo 20201h 30min

139: Everything You Never Wanted to Know About Life Insurance (But Absolutely Need To) with Joe Saul-Sehy

139: Everything You Never Wanted to Know About Life Insurance (But Absolutely Need To) with Joe Saul-Sehy

Life Insurance is the most exciting topic on the planet! Just kidding. But just because it isn’t a super exciting topic doesn’t mean you don’t need to know about it. Today, Joe Saul-Sehy, host of the ...

24 Elo 20201h 16min

138: Financial Blunders to Financial Buff: How Farnoosh Torabi's Money History Grew Her Career

138: Financial Blunders to Financial Buff: How Farnoosh Torabi's Money History Grew Her Career

Farnoosh Torabi grew up talking about money. Her parents are from the Middle East, and in her culture, they “never miss a moment to talk about money.” As the go-to girl for finance advice among her fr...

17 Elo 20201h 17min

137: Engineering a Path to Financial Independence with Felicity Freedom

137: Engineering a Path to Financial Independence with Felicity Freedom

Felicity’s story to financial independence is going to be similar to listeners of The BiggerPockets Money Podcast. She got a good paying job, spent less than she earned, intelligently invested in Inde...

10 Elo 20201h 3min

136: Secrets of a Money Savvy Family with Doug Nordman and Carol Pittner

136: Secrets of a Money Savvy Family with Doug Nordman and Carol Pittner

Doug Nordman wanted to teach his daughter about money. But he knew that to get it right, he’d have to start when she was very very small. So he did. First, he taught her how to count, then he taught h...

3 Elo 20201h 24min

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