Time to re-up and recycle the flow. What does that even mean? Well, this week we re-visit our fastest downloaded podcast ever, PB47: Barely Making It on $500K! As an added bonus, we feature half-man, half-legend and guest, the Financial Samurai himself! Financial Samurai (Sam Dogen) got his MBA from Cal and spent over 10 years working in the finance industry. After 13 years of working in Corporate America and living the "American Dream," money ceased to be a major driving factor. Instead, Sam wanted to live absolutely financially free. He fantasized about what it would be like to write, spend time with family, and travel, with little financial worries. Three years after starting FinancialSamurai.com in 2009? Mission Accomplished! Sam helped us cover a wide range of topics on this entertaining show, so when you play the new PB all the listeners go crazy! This week's show covers:
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April is Financial Literacy Month! To celebrate and get your personal finances in order, check out Marcus' interviews with NerdWallet:
New Posts Alert! Rich and Marcus tackled a personal finance topic and listener question this month. Check them out!
Check out Rich's roundtable feature with Stacking Benjamins!
We're back this week discussing all things paychecks and office with esteemed guest Tiffany Southerland. Tiff is a Career Coach, purveyor of empowerment, speaker, 3-time Degree champion, lawyer and the host of the How Does She Do It podcast. We had a great time discussing the importance of mentors, career development and navigation, why Tiff has like 50-11 degrees, and we even had time for a juicy listener question about office relationships. This week's topics include:
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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!
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We get back to basics on this week's Money Minute with simple tips you can use to create a budget you'll actually stick to. Yes, we here at PB already admitted that budgeting sucks, but is it a necessary evil we just have to follow? Some would argue no, "...here's the thing about budgeting: It's not fun. At all. And for that reason, it often ends up just being a waste of time..." - David Bach, self-made millionaire. On our This Week in Work segment Rich covers the Managing for Dummies struggle and how even experienced professionals can fall victim to "the backdoor reference". This week's topics include:
The rent is too damn high! But, what happens when the mortgage is too high, also? Among many other quarter-to-midlife items on the must have crisis checklist, the "you need to buy a home" struggle is real. Whether we like it or not, many of us still see homeownership as the final ornament on top of the Christmas tree of life that officially marks when we've graduated to adulthood and the "American Dream." But, have you ever thought about who sold us this dream? Is homeownership an expense or an investment? What happens when you don't own, you prefer to rent, or you have no interest in ever owning a home? The answers are complicated.
Luckily, we have Kirk Chisholm on this week's show to help us navigate the complex data and analyze the true pros/cons of renting versus owning. Kirk is a Principal and Wealth Manager at Innovative Advisory Group, an independent RIA (Registered Investment Advisor) located in Lexington, MA. He has been providing financial advice to individuals and families since 1999. "If you rent a home, it is an expense. When you buy a home, it is an expense. If you buy a home and rent it out to a third party, it becomes an investment." In addition, this week we discuss: