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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!
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Now displaying: March, 2017
Mar 28, 2017

Is it possible to live paycheck-to-paycheck on $500,000? This 30-year old couple thinks so. Join us this week as we review the budget read around the world and try to figure out how a couple making $500,000 before taxes can only have $7,300 in annual take-home income each year. Check out Scraping By On $500,000 A Year: Why It’s So Hard For High Income Earners To Escape The Rat Race from FinancialSamurai.com. After reviewing the budget, Rich and Marcus discuss:

  • $185,600 in taxes? Taxes? TAXES???
  • How a Cost of Living Calculator can be used to help you determine how far your money will or won't go before you move around the country
  • How incorrectly managing your discretionary expenses led to this couple spending an estimated $134,000 or 48% of their take-home income due to their own self-imposed choices

Be sure to check out the article and give us your thoughts in the comment section below on this couple's $500,000 "paycheck to paycheck" struggle, where you would cut expenses if you had this amount of income, or if you can relate. You can also always email us with more info or questions.

Announcements:

We’re on Soundcloud!

Check out our 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.

Marcus’ book on how he buried and then dug his way out of over $30,000 in debt, Debt Free Or Die Trying, is available on Amazon. Check it out!

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.

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Mar 21, 2017

Back to the finances! Ok, I originally thought this was a clever reference, but I realized while typing it that Back to the Future came out in 1985. While we reflect on our lives as older Millennials, you can enjoy another great guest episode featuring Mandi Woodruff! Mandi is a personal finance expert with a special focus on Millennial spending. She’s also a former Yahoo personal finance reporter who’s appeared as an on-camera expert for CBS and Good Morning America. More recently, she’s become executive editor at MagnifyMoney.com, a money columnist at Teen Vogue and co-host of the Brown Ambition podcast. We had an awesome wide-ranging discussion with Mandi covering:

  • Relationships and money - how many of us have them - and tips for managing "your" money as you transition from I to we
  • How to start the dreaded 'personal finance' discussion with your partner
  • Tips you can follow to manage, or even lower, your student loan and Lies Your Student Loan Company Might Tell You
  • The one type of debt you should NOT pay off and why
Mar 14, 2017

Do you know what today is? It's our anniversary, made for you and me! That's right PB fans, this week we celebrate our first 12-months at Paychecks and Balances. Of course, we have to start by saying THANK YOU to the fans and listeners for the love and support! We wouldn't be here without you. But, like Mr. Diddy, PB can't stop won't stop, so while we reflect on what we've achieved this year, we're already excited for new projects, new content, and even more opportunities. We look forward to helping you be great and reaching more people in 2017 and beyond. This week's show discusses:

  • Ok, we may be a generation raised on credit and buried in debt, but we're ready to prove we're also more than capable of digging ourselves out of this mess
  • Why we're focusing more on our journey instead of comparing our progress to others - there's "levels" to the game of life and we've finally found our lane
  • What has and continues to motivate us about personal finance, debt and career management
  • What's next for Paychecks and Balances
Mar 7, 2017

We go to college to get our “dream jobs,” then we are unable to pursue our dreams because we need the income from the job to pay off the debt incurred from going to college. What a time to be alive! “Simon Sinek (age 43) spoke to The Independent about how parenting, combined with social media, working environments, and our impatience have created a generation plagued by low self-esteem, and what we can do about it.” Say what now? Are Millennials really that entitled and emotionally ill-equipped? On behalf of Millennials everywhere, we debunk these alternative facts. On this week’s show we discuss:

  • Is it ok for companies to expect Millennials to be available to work 24-7, even after normal business hours and on the weekend?
  • How searching for your dream job is like finding your soulmate, your “soul job” is a journey that might take your entire career.
  • Following-up on episode PB40: Think Like a Recruiter, Rich discusses another LinkedIn feature — LinkedIn.com/Alumni — that can help expand your professional network and identify possible referrals based on your school’s alumni.
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