Info

Paychecks & Balances | Personal Finance & Career Advice for Millennials

Looking for a down-to-earth approach to personal finance and career advice? This funformative podcast will help you get it together financially and professionally without boring you to sleep. Join Rich & Marcus for upbeat discussions on work and money with a millennial spin. New episodes out every Tuesday. Got personal finance or career advice questions/topics you'd like us to cover? Email us at info@paychecksandbalances.com!
RSS Feed Subscribe in iTunes
Paychecks & Balances | Personal Finance & Career Advice for Millennials
2017
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March


All Episodes
Archives
Now displaying: 2016
Dec 27, 2016
Tis the season for Paychecks & Balances annual wrap-up! This has been an awesome year for us but it's all thanks to you! In 2016, we had our highest downloads, were recognized in the Black Voices in Business category of iTunes, attended FinCon2016 and in completely irrelevant news, Rich and I met in person for the first time! Yes, 2016 was a great year for P&B but it's only made us hungrier for more greatness, more dope content, more features, and more fan interaction and content that meets your wants and needs! We're looking forward to an even bigger and better year in 2017. Please join us and continue to support! In this wrap-up episode we discuss: 2016 - The Year in Review Our plans for 2017 world domination "Making it Rain on the Haters" Our upcoming #CreditChat with EXPERIAN ..and much, much more! Announcements: Be sure to join @PayBalances as we co-host #CreditChat put on by Experian. Experian is one of the largest credit bureaus in the United States! We're excited for this opportunity so please show your support on Twitter Wednesday, December 28, 2016 3pm EST as we discuss "Financial Goals 2017." Click here for details and more info. Take the first ever P&B Audience Survey today! Check out our new 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 is out now! Cop it in that 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!
Dec 20, 2016
"It was all a dream. We used to read Word Up! Magazine..." Technically, none of that applies here since we actually met Wilson at FinCon2016, but it was a dream! After a great master mind conversation with Wilson and other like-minded individuals on the daunting financial future Millennials face and why ownership of our personal finance needs to increase, we knew we had to have him on the show. We weren't disappointed! This episode discusses: "A credit card is a plastic loan" Financial Infidelity and how you and your significant other can avoid it The unique investing "headwinds" Millennials need to consider for our generation Inflation and how it should impact your investment priorities, "Your dollar is less valuable tomorrow than it is today." Resources: Visit paychecksandbalances.com/wilson to get Wilson's free guides to conquering your 401K and giving yourself a 20% raise by maximizing your employee benefits! Announcements: Take the first ever P&B Audience Survey today! Check out our new 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 is out now! Cop it in that 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!
Dec 13, 2016
This week we're humbled and happy to be joined by J.D. Roth, formerly of Get Rich Slowly, and now the mastermind behind MoneyBoss! JD is a true renaissance man -- a description I didn't quite make up but I feel doesn't get used enough so here we are -- having originally created Get Rich Slowly to share his progress and lessons learned as he dug his way out of over $35,000 in personal debt. JD started from the bottom while Drake was still wheeling around on Degrassi! He describes himself as an "accidental personal finance expert" aka a regular guy who found himself deep in debt. After tremendous growth and success, he was able to sell GRS. Now he has moved on to host MoneyBoss.com, a site that candidly shares advice on personal finance and money management. On our show he shares: How Dave Ramsey's Total Money Makeover helped JD develop his money management goals When used correctly, money can buy happiness The importance of developing a personal mission statement for focusing your core values and purpose Why you need a 'financial blueprint' for prioritizing where your money goes and how you can use it to overcome your natural personality type if you're naturally a 'Spender' or 'Saver' Tips for becoming your own money boss by establishing "You, Inc." The company where you begin viewing your actions and your life as a business rather than a serious of random events and happenstance, "Instead of assuming you’re a victim of circumstance, I assume that you are the master of your own fate." - JD Resources: Book: Your Money: The Missing Manual by J.D. Roth Book Recommendation: Your Money or Your Life Visit JD's MoneyBoss website for a free "how to" guide to create your Personal Mission Statement today! Announcements: Take the first ever P&B Audience Survey today! Check out our new 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 is out now! Cop it in that 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!
Dec 6, 2016
We're joined by Latisha Styles of LatishaStyles.com and YoungFinances.com. Latisha specializes in helping Millennial entrepreneurs focus their goals so they can maximize their returns. Latisha doesn't just talk-the-talk, she walks the walk by relying on her own personal experience when she escaped the 9 to 5 Matrix and established her own successful business. A self-made entrepreneur, Latisha tells us about: - How the right mentors and coaches can help Millennials get ahead faster - The plan and books she used to pay off over $30,000 in personal debt - The journey she took to start a blog that eventually grew into her new full-time profession - Some tips you can use to take your first (low risk) steps into personal investing Announcements: Check out our new 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 is out now! Cop it in that 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!
Nov 29, 2016
On this week’s show, we chat with Dennis Restauro, the man behind GroundedReason.com and the Grounded Reason podcast, about cord-cutting aka cutting cable to save money. We explore cable alternatives along with other internet-related things, including sketchy websites that supposedly offer you “free cable” or access to premium shows. Dennis also drops some internet/cable industry insights and predictions about technological innovations that may change the world. To close out the show, we chat about a guest Dennis had on his podcast that uses data science to make everyday life decisions. It turned into a pretty funny conversation. Hope you enjoy! Announcements: Check out our new 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 is out now! Cop it in that 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!
Nov 22, 2016
Donna Freedman's motto: “I save where I can so I can spend where I want.” This week she teaches us how she does it. Donna is the author of Your Playbook For Tough Times: Living Large On Small Change, For The Short Term Or The Long Haul and she has over 20 years of experience writing and helping people with personal finance for media organizations like MSN Money and online publications including Vox Media and Get Rich Slowly. We have another funformative conversation with Donna covering: How to build and stick to your spending plan Aligning your personal budget with your life goals and intentions Accurately managing "Opportunity Cost" so your spending maximizes your happiness Resources: Receive a discounted copy of Donna's book, Your Playbook for Tough Times, by visiting http://paychecksandbalances.com/yp and using discount code: PAYCHECKS (good through November 30, 2016) Check out Donna's post, Write A Blog People Will Read For more information and helpful tips on credit card comparisons, check out Beverly Harzog's website as discussed on the show Announcements: Check out our new PATREON page! Patreon provides a forum for you to help us create more great content, reach more people and receive exclusive content. Debt Free Or Die Trying is out now! Cop it in that 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!
Nov 15, 2016
We’re trying something new this week folks: Paychecks & Body. When you’re caught up in the day-to-day, week-to-week, and year-to-year hustle, it’s real easy to forget about maintaining your mind, body, and spirit. That’s why on this week show, we bring on fitness trainer Kofi Ofori-Ansah to remind us about the importance of a well-rounded wellness program that not only focuses on the gym and working out, but also how aligning your health can make it easier to maintain the energy you need to increase your paychecks and lower your balances. On this show we talk about: Simple life hacks you can start today that don’t involve making major changes to your daily routine How one simple change can lead to significant benefits to your health and wellness Why your wellness routine needs to evolve from your 20s to your 30s and beyond How identifying your purpose can motivate you towards even work-life balance
Nov 8, 2016
We're back at it with a new episode! This week we're joined by Tonya Rapley. Tonya runs My Fab Finance, a website dedicated to helping readers and listeners like you break the cycle of living paycheck to paycheck so that you can live free and do more of what you love! Sounds great, right? We know! That's why we were happy to have Tonya on the show to share her wisdom. On this show you'll learn: Where and why you need to obtain your free Annual Credit Report How to develop your own personal finance plan Why Tonya became interested in teaching the importance of personal finance to others based on experiences frown her own life "Financial Abuse" -- how to spot it; avoid it; and escape the cycle Tonya's system for "never stop learning" and how her website and advice can help you continue your own learning and develop a plan for financial success Listen to this gem-packed show and last but not least check out Tonya's feature for Toyota! Resources: The Only Free Annual Credit Report You Need Website: MyFabFinance.com Twitter: @MyFabFinance Announcements: Check out our new PATREON page at www.patreon.com/paybalances! Patreon provides a forum for you to help us create more great content, reach more people and receive exclusive content. Debt Free Or Die Trying is out now! Cop it in that 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!
Nov 1, 2016
This week we're joined by Personal Finance Coach and author of Small Business Finance for the Busy Entrepreneur, Sylvia Inks! Sylvia is an experienced business consultant that worked for one of the largest professional services firms in the world before turning into a financial coach for small businesses. On this week's show she shares her experience helping businesses and individuals achieve maximum efficiencies and optimum outcomes. On this week's show you'll learn: How to properly and accurately pay yourself when owning your own business Why you should partner with both a lawyer and a CPA as soon as you have a business idea What interview questions you should ask to find the best CPA for your business Sylvia's 21 proven steps for a successfully launching and maintaining your business Resources: BUY Small Business Finance for the Busy Entrepreneur on Amazon or Visit the Book's Official Website LAUNCH DAY SPECIAL: On Tuesday, November 1st only the book is available for $0.99! Follow Sylvia on Twitter @SMIFinancial Find Sylvia on LinkedIn Website: SMI Financial Consulting Announcements: Check out our new PATREON page (www.patreon.com/paybalances)! Patreon provides a forum for you to help us create more great content, reach more people and receive exclusive content. Debt Free Or Die Trying is out now! Cop it in that 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!
Oct 25, 2016
This week we have another great guest on the show, Aja McClanahan! Good times and good information ensue as Aja discusses her Post-Traumatic Debt Disorder and how it was a family affair to pay off over $120,000 in debt! Aja shares how Dave Ramsey's Total Money Makeover helped change her views on debt and personal finance, but it wasn't that easy! Her story covers everything from how her "marriage playbook" helped her celebrate 12-years of blissful marriage (and counting); the importance of teaching her children about the importance of budgeting and personal finance; and why the mantra "you gotta spend money to make money" isn't always true, especially when you're drowning in debt. In fact, unlike many who abandon the hood to find their dream homes, Aja found that going back to the hood was the key to prioritizing what was truly important in life. Find your purpose and your path will become clear. Tune in to hear Aja share her non-traditional path to a great success story! Resources: Dave Ramsey: The Total Money Makeover Announcements: Debt Free Or Die Trying is out now! Cop it in that 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!
Oct 18, 2016
On PB26, we chop it up with Lisa Nicole Bell, host of the Behind the Brilliance podcast and founder of the Inspired Life Media Group. We discuss entrepreneurship (she keeps it candid about being an entrepreneur), values, goals, time management and more. You better press play on this episode and get you a glass of truth juice! We can confidently say this is one of our best episodes ever. Announcements: Debt Free Or Die Trying is out now! Cop it in that 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!
Oct 11, 2016
We’re joined by Doctor Katisha, an all-around dope Paychecks & Balances listener. She emailed us in response to PB18, the Cash Only episode. Turns out she has a pretty robust bank account system that we thought would help our listeners go beyond the 15 minute budget plan. Upon further research, we also found out she is a Woman in Engineering that survived the gauntlet that is a PhD program. Katisha opens with a little background about herself, how she got into engineering, and why she chose to pursue her PhD. Later in the episode, she talks about money, budgeting, and how she uses separate accounts to achieve her budgeting goals. Still not enough? She came bearing gifts! Check out the savings snowball article she introduced us to! But, that’s not all folks. For even more helpful advice columns provided by Doctor Katisha check out these helpful resources and our upcoming NewsLetter: How to Create a Plan to Pay Off Debt; How 14 Accounts Saved Our Budget; and The Best Online Savings Account in 2016. Wow, you still want more? Welp. You should probably have a listen to this week’s funformative show… Announcements: Debt Free Or Die Trying is out now! Cop it in that 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!
Oct 4, 2016
P&B Nation! We don't think we've said that before, but we'll go with it. On this episode, we're joined by Lindsay Goldwert, host of the Spent podcast. We caught up with her at #FinCon16 and had a great conversation about money and more...despite Rich's voice being in a perpetual state of vocal fry. A valuable lesson learned in conference-going! Check out Lindsay's show at www.spentpodcast.com. You can also follow on twitter at @SpentPodcast. 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 and/or follow us on Twitter and Instagram @PayBalances!
Sep 27, 2016
After the initial excitement of a new job opportunity wears off, a listener begins to wonder if this move was the right move after she is confronted with an unfortunate reality check underneath the surface. It turns out things are a little bit different behind the scenes than what was presented during the interview. She asks, should I stay long term? Her question is below. Have a career or debt management question of your own? Contact Us! I started a new job recently. I was made aware there was a restructuring prior to my hire, however I did not realize how many people it impacted. Now that I've started the job it seems like a bigger deal than I realized. My direct report was one of the people who was laid off with 30 days notice. In those 30 days most (not sure if everyone) who were laid off were given a new job in the restructure. From my understanding the sales team was not rehired, and we now have a very small outside sales team. I realize that I could have potentially probed a bit more during the interview process regarding the restructure. But, I feel blindsided by some of the other things and the current climate in the office. It has made me feel like I potentially made the wrong move of working here. I don't plan on jumping ship, but would this be the type of situation that would warrant leaving after a year? Announcements: Marcus' book, Debt-Free or Die Trying, is out! Get your copy today 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!
Sep 20, 2016
Marcus has an epiphany: "You can spend less money than you make or make more money than you spend." What does that even mean?!!? Well, in the game of Paychecks & Balances you can work harder or you can work smarter. In this week's Money Minute we discuss why most people are more interested in how they can make more money versus cut back on where they spend. Why? Because cutting back on the lifestyle we've become accustomed to sucks! We get it! But, keeping it really reals? It might be easier to save money than make more money. On this week's Main Segment, we highlight an article from Quartz about why you shouldn't rush to quit your day job to pursue your dreams, as told by someone who quit their day job to pursue their dreams. So if happiness isn't found at the 9 to 5 and happiness isn't found in pursuing your dreams...where does happiness hide? We're glad you asked. That's why we spend the second half of the show discussing how to locate the sweet spot between your dreams, hobbies, day job while still making a livable income. Announcements: Look for us at #FINCON16! Debt Free or Die Trying is now available in stores and DebtFreeOrDieTrying.com is live. Be sure to check them both out. See what we did there? 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!
Sep 13, 2016
It's hard to believe it. Marcus' book -- yes, the one he has been talking about for over 3 years -- is finally available in stores in paperback and as an eBook. Visit paychecksandbalances.com/DebtFree to buy the book and learn more helpful tips for beginning your journey towards debt freedom. On this episode, Marcus talks about the motivation for writing the book (all thanks and shout-outs to the listeners for the support). On a more reflective tone, the Money Minute segment covers the pros and cons of writing a book about being debt free. This debt freedom journey has included many supporters, a fair share of naysayers and who can forget, the haters. Fortunately, the chorus of support has far out-sung the whispers of negativity. The moral of the story? Not everyone is meant to support your journey or hear your voice. Focus your energy on the group that's ready to help, listen, and make you a better person. We've found our motivation through you. Bless up! So what's next for us? Wait...we thought this was the end of the journey. Make a funformative podcast. Release the book. Netflix and chill time, right? WRONG! It's time we embrace the hustle hard system, no Rick Ross, as Paychecks & Balances had its best month in August 2016! This has motivated us even more. You deserve the best so we'll continue to get better. We look forward to continuing to bringing you great content that helps raise your paychecks and lower your balances. We'll also remember how we got here -- and maybe even try not to forget where we came from? So, if you're a listener and you have a question or want a topic covered, don't hesitate to contact us. Remember, you ask the questions, we find the answers. Announcements: Look for us at #FINCON16! Debt Free or Die Trying, the book, is in stores and DebtFreeOrDieTrying.com is live. Be sure to check them both out. See what we did there? 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!
Sep 6, 2016
Negotiation is one of the most important skills you can learn. On this episode, we talk to Kwame Christian, the Managing Partner of the American Negotiation Institute. We chat with him about his decision to go to law school, how he got into negotiation as a profession, some great tips on negotiating in situations you'll likely encounter, and a few of our previous negotiation blunders. This is a must-listen episode. A significant number of gems are dropped! Be sure to check out Kwame's podcast, Negotiation for Entrepreneurs, where he just finished up a great mini-series on negotiating with a car dealership. You should also add him on LinkedIn. Announcements: 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!
Aug 31, 2016
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.
Aug 25, 2016
All cost of living aint equal. Don't we know it! This week a listener runs into a familiar problem: It's a great job opportunity, but it's not located in my current city of residence. How do I adjust for the cost of living changes? Well, there isn't an exact science to this question, but we discuss how the use of three reliable cost of living calculators (CNNMoney, Salary.com, BankRate) can help our listener determine the best estimate for their estimated cost of living adjustment. Tune in to hear: is a 30% pay increase ever too much? Have a career or debt management question of your own? Contact Us! I currently live in a part of the country where the cost of living is pretty moderate. I'm talking with an employer in CA about a job out there. I know the hiring manager personally, and he/she is great. The job itself is also a great opportunity. The problem is, considering the 10% pay increase I'll be getting at my current job for 2017 and the increase in housing costs alone i'd see while moving from here to CA, I'd need a 25% increase in comp, just to break even. So I would probably want to ask for a 30% increase , with the intent of accepting at 25% if they push back. I think the reasoning above makes sense, but is it reasonable to request a 30% (or even 25%) increase at the new company? I don't want to start salary negotiations off on the wrong foot by going in there with a number that will turn off the employer. 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.
Aug 23, 2016
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.
Aug 18, 2016
It's the question you hate to ask but may inevitably face: When Should I Leave My Job? This week, a listener wonder just that when a promising opportunity arises even though they weren't even looking to leave their current job. I've currently been with my employer for 2 years, and I'm really content with where I am currently at my employer. Recently I've been contacted by a recruiter. We discussed some information, and I basically told him I'm happy where I am but if the ideal position opened up I'd be willing to take it. Well, he got me 2 interviews this coming week. I'm hesitant at taking them because I'm not really actively looking for a job change. Just wanted to put the feelers out there to see if I gauge any interest. See what's new in the industry and what not. So my question to you is how do you know when it's time to move on from a company? 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.
Aug 16, 2016
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.
Aug 9, 2016
CASH ONLY! Are you living a cash only lifestyle? With help from MoneyQandA.com we discuss the pros and cons of leaving credit behind for the almighty dollar, dollar bill, yall. It's not easy, but it can be done. But, is the cash only life for you? We talk about the benefits of using cash over credit and how "the envelop system" might help you jump start your journey towards debt freedom. Later in this episode, Rich discusses how dividing his money in separate bank accounts for life's many expenses has actually helped him better manage his many money management goals. 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.
Aug 2, 2016
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.
Jul 28, 2016
This week a Listener Recommendation for a new budgeting app and a question about retirement investments leads us to a lengthy discussion on budgeting wins and fails. How can you stay faithful in a room full of clothes?! Well, it isn't easy but someone's gotta do it, so it might as well be us (Millennials). Tune in to hear how Rich and WIM avoid buying big rims and 80 gold rings, most weeks. Anyway, I'm behind like one week but a really good app (far better than Mint IMHO) is Level. You link your account (s), tap transactions that are bills and it will automatically track your spending and let you know when you're overspending. It will also let you know how much to save a month, set up personal trackers for specific types of purchases like coffee or vacation and it will automatically track the transactions as you go. It was helpful when I needed to figure out where to cut back in order to pay off a credit card. Really intuitive and simple. One last thing, are you guys ever going to talk about investing as a means to saving/accumulating wealth for retirement or anything really. 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.
1 2 Next »