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

Avsnitt(741)

59: Playing with FIRE (Financial Independence, Retire Early) with Scott Rieckens

59: Playing with FIRE (Financial Independence, Retire Early) with Scott Rieckens

Scott Rieckens was raised in a Navy family. He lived on base and often shopped in the commissary. It gave him a rather skewed sense of what things actually cost. Fast-forward to adulthood. He knew h...

11 Feb 20191h 16min

58: Optimizing Every Channel to Achieve Financial Freedom with Grant Sabatier

58: Optimizing Every Channel to Achieve Financial Freedom with Grant Sabatier

Grant grew up knowing his parents didn’t have much money. He recognized their constant stress about finances throughout his childhood, and one of his first memories was his dad telling him, “Money is ...

4 Feb 20191h 15min

57: Financial Freedom, House Sitting & Travel Hacking With GoWithLess

57: Financial Freedom, House Sitting & Travel Hacking With GoWithLess

Tim and Amy were frugal—or so they thought. They spent less than they earned, so they figured they were doing it right. Then one day, they happened upon the concept of financial independence. Turns ou...

28 Jan 201959min

Testing Your Portfolio BEFORE Retirement with Millennial Revolution

Testing Your Portfolio BEFORE Retirement with Millennial Revolution

A little over halfway into BiggerPockets Money Podcast episode 55, Bryce dropped a bombshell: “We had three years of runway before we actually pulled the trigger.” What he meant is that they tested th...

15 Jan 201939min

55: How to Quit Your Job and Travel the World with Millennial Revolution

55: How to Quit Your Job and Travel the World with Millennial Revolution

Kristy Shen grew up poor. Knowing her parents couldn’t help her financially, she gave up her dreams of being a writer, and went to school to make big bucks as a software developer. She even graduated ...

14 Jan 20191h 6min

54: 6 Ways to Reduce Your Taxable Income with Eric Brotman

54: 6 Ways to Reduce Your Taxable Income with Eric Brotman

Preparing For Retirement By Reducing Taxable Income & Saving More. In today’s episode, we chat with Eric Brotman, CEO of BFG Financial Advisors, who discusses his top 6 ways to reduce taxable income. ...

7 Jan 20191h 6min

53: 2018 Financial Freedom Lessons With Scott & Mindy

53: 2018 Financial Freedom Lessons With Scott & Mindy

2018 Financial Freedom Lessons Today, Scott and Mindy go guest-less to recap and review the things they’ve learned over the first year of podcasting. Topping the list—and surprising no one—is tracking...

31 Dec 20181h 13min

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