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

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153: Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More!

153: Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More!

He really is the man who needs no introduction (but here’s one anyways). Bill Bengen, the inventor of the 4% rule (and personal finance hero of Mindy & Scott) stops by the Money Podcast to talk about ...

30 Nov 20201h 5min

152: Reaching Financial Independence Despite a Very Late Start with Baby Boomer Super Saver

152: Reaching Financial Independence Despite a Very Late Start with Baby Boomer Super Saver

To say that Kathy from Baby Boomer Super Saver had a difficult journey ahead of her is an understatement. She was $70,000 in credit card debt, with a big mortgage, and a spouse that had a medical emer...

23 Nov 20201h 8min

151: From Single Dad w/ $61K in Student Loans to Financially Savvy Real Estate Investor with Tony J Robinson

151: From Single Dad w/ $61K in Student Loans to Financially Savvy Real Estate Investor with Tony J Robinson

You may know Tony J Robinson as the co-host of the Real Estate Rookie podcast, but you probably don’t know his backstory. As a single dad working his way through college and student debt, Tony knew th...

16 Nov 20201h 10min

150: From Childhood Homelessness to Financially Confident with Cristina Livadary

150: From Childhood Homelessness to Financially Confident with Cristina Livadary

Cristina Livadary immigrated to the US when she was 6, and less than a year later, her father left, leaving her stranded with her mother and sister. She didn't speak the language, had no money, and li...

9 Nov 20201h

149: Listener Finance Review: Knocking Out Debt to Start Investing

149: Listener Finance Review: Knocking Out Debt to Start Investing

Nick Groover is 25, with a young daughter and a fiance, looking to make changes to his finances so he can start married life off on the right foot. He has some debts he'd like to knock out so he can s...

2 Nov 202057min

148: How to Become an Everyday Millionaire with Chris Hogan

148: How to Become an Everyday Millionaire with Chris Hogan

Chris Hogan joins Scott and Mindy today to chat about becoming an everyday millionaire. Chris and his team interviewed more than 10,000 millionaires to hear how they did it. Hard work, determination, ...

26 Okt 20201h 2min

147: Pursuing Financial Independence on Her Own Terms with Cathleen Hutchins

147: Pursuing Financial Independence on Her Own Terms with Cathleen Hutchins

Cathleen Hutchins grew up in Hawaii. She come over to the mainland for college, but Hawaii kept calling her name, so she moved back home. Hawaii is an expensive place to live, and Cathleen knew she'd ...

19 Okt 20201h 25min

146: Saying Goodbye to Gambling & Finding Financial Freedom with Ambus Hunter

146: Saying Goodbye to Gambling & Finding Financial Freedom with Ambus Hunter

Ambus Hunter grew up with a fair understanding of how money works. He received a partial scholarship to play drums in college, and graduated with a small amount of student loan debt. His first job was...

12 Okt 20201h 21min

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