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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: August, 2017
Aug 8, 2017

We turned this week's listener question into a minisode! Let us know what you think in the comments below, or if you have your own question, use the ASK P&B button. Justin left a voicemail to ask "when do you know if you're overqualified" and what steps to take when the opportunity for advancement or promotion doesn't exist with your current employer. On this fun episode we respond with tips for:

  • The importance of maintaining transferable and marketable skills since staying employed at the same company for over two years might plummet an employee's lifetime earnings by almost 50-percent
  • Why Cover Letters are losing their importance in some industries and how you can increase your odds for a callback by tailoring your resume or online job profile.
  • How expanding your job search to other cities and states significantly boosts your odds of finding employment.
  • Revisiting how Boolean Searches can help narrow your job search on sites such as LinkedIn, Google Jobs, and others.
  • Using your mentors/coaches and personal network to identify current and future job opportunities.

References

Announcements

We're happy to announce that we've been selected to speak at TWO podcast conferences this year! You can find us at Podcast Movement August 23-25th and FinCon October 25-28th.

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.

Read Marcus’ book on how he buried and dug his way out of over $30,000 in debt by age 30, Debt Free Or Die Trying, 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 and Instagram at the same name!

Aug 1, 2017

You may remember Donna from our previous episode PB31: Save Where You Can ft. Donna Freedman. Donna's back with a new book, Your Playbook For Tough Times Vol. 2, some great personal finance advice and much more! For those of you who are new here, Donna has been a college dropout, a single mom, a newspaper reporter in Chicago and Alaska, and a late-in-life university student. She has over 20 years of experience writing and helping people on media organizations like MSN Money and popular online publications like our former guest's J.D. Roth's website, Get Rich Slowly. Her passion for helping people is evident on today's show and in the great giveaways she has for our audience. On this episode we discuss:

  • Actionable tips from her new book and why, unlike some other top financial gurus, she doesn't assume your financial situation is always caused by your own doing or bad financial habits
  • The opportunity cost -- money you could spend or invest elsewhere -- of student loans and why students, and parents of students, should always use a student loan calculator before signing any new loan agreements
  • Simple ways and resources you can use to negotiate lower (or free) dental and health care costs
  • How the "four gifts" rule can help you save money on Christmas and birthday gifts

SPECIAL PROMOs FOR PAYCHECKS & BALANCES LISTENERS ONLY!!!

  • Click here for a free download of Challenge Yourself to Save the popular and a fan favorite chapter from Donna's first book, Your Playbook For Tough Times: Living Large On Small Change, For The Short Term Or The Long Haul, containing 31 tips you can immediately use to save money today!
  • Click here to visit Donna's direct platform and enter discount code PAYCHECKS for a $5 PDF copy of Your Playbook For Tough Times, Vol. 2!
    • Interested in the original, too? Enter discount code BALANCES for the first edition of Your Playbook For Tough Times!

References

  • The Healthcare Blue Book - provides free online tools designed to enable consumers to understand how much they should pay for healthcare services
  • The Fair Health Consumer - this tool estimates your costs for dental and healthcare procedures and services in the ZIP code where you want to receive care.
  • More Helpful Tips & Recommendations from Donna:
    • If you’re uninsured: At Healthcare Bluebook, type in what’s needed (foot surgery, biopsy, etc.) plus your zip code and get an idea of what you might pay for that treatment in your area. As the website notes, the cost for the same network procedure can vary by up to 400 percent. Even if you do have insurance, using a tool like this could mean having to fork over less of a copay (e.g., 20 percent of $300 rather than $500). Or use Fair Health Consumer’s cost lookup tool to get an idea of what an average service or treatment should be, then print out something called a “binding cost estimate.” This basically says, “This amount is what we know to be less than a billed charge but more than a typical insurance payout.” Present it to a potential provider, say frankly that cost is a huge issue for your household and you’d like to know if you could get the needed treatment at this price. You can strengthen your negotiation by offering to pay in full at the time of the visit. If you can pay in cash, that might be enough of an incentive to get the provider to agree. Even if you had to use a credit card you’d at least be getting the best possible price for treatment.
    • Keeping prescription costs down: Common meds may be free! Some supermarket pharmacies offer certain antibiotics, generic Lipitor, prenatal and children’s vitamins, the diabetes drug Metformin and other medications without charge. Among the grocery chains providing free medications are Amigos United, Giant Eagle, Meijer, Price Chopper, Publix, Reasor’s, Schnucks, ShopRite and Wegman’s.
  • Contact Info:
  • ICYMI - PB53: Broke Millennial ft. Erin Lowry

Announcements

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.

Read Marcus’ book on how he buried and dug his way out of over $30,000 in debt by age 30, Debt Free Or Die Trying, 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 and Instagram at the same name!

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