The New You Shouldn’t Have to Wait until the New Year – PB148

We’re doing a 2019 ‘year in review’ and accountability check on where they’re both at in their business and personal lives. We both highlight some changes in their mindsets and uncover some things they’ve learned about using their time more effectively and being more deliberate with their goals.

In this episode they discuss why your time is more valuable than you think, the importance of taking new opportunities, learning new skills at your job, and taking charge of your investments. Perhaps the most important thing they’ve learned in 2019? Enjoy the process of self-improvement and the importance of positive mental health at the root of all your successes.

Show Highlights

• Marcus getting a new job and moving to a new city
• Starting a new job and having to learn new processes and procedures
• Dealing with Imposter Syndrome
• “Don’t be afraid to go after a new opportunity for 6- 8 months, it doesn’t have to be permanent”
• “Where you’re at today is the culmination of the past 10-15 years”
• Declaring and tracking your side hustle and income goals
• SEP IRA for business owners
• Making moves on your own, within your investment accounts
• Determining the hourly rate for your life
• Hiring help for the tasks that take up too much of your time
• Continuing Therapy and taking advantage of your companies “Employee Assistance Program”

Key Takeaway: You can’t change what you don’t track, so write down those goals and improvement areas of your life, and crush them in 2020!

Mentioned on this Episode

• I’d Rather Just Make More Money – PB112: We were just one week into the New Year 2019 but a mindset shift made us clear about our personal and financial goals. These aren’t your usual New Years Resolutions, they’re intentional goals. Rich and Marcus recaped 2018 and share some big things they’d work on throughout 2019: mission accomplished!
• Losing Two Jobs in One Week May Have Been the Best Thing that Ever Happened to Me
• This Is How Much You Should Have Saved by Age 35 to Retire Comfortably
• Staying employed at the same company for over two years, on average, will plummet your lifetime earnings by about 50%
• Your Money Your Wealth: 4 Ways to Choose and Actually Follow Your New Year’s Resolutions
• Color Full Lives with Angela Yee and Aminatou Sow ft. Paychecks and Balances

This Week’s Sponsors

• University of California Irvine – If you are trying to advance your career, UCI Division of Continuing Education has the resources needed to support you. There are certificate programs and specialized studies available to make it easy to advance in as little as 6 months. For 15-percent off, visit ce.uci.edu/PaychecksBalances and enter promo code “paychecks” at checkout.
• Babbel – the language learning app that will get you speaking a new language with confidence. You can try Babbel for free. Go to Babbel.com or download the app and try it for free!

Our Favorite Tools

Available exclusively to our email subscribers, see why 15-minutes can change the next 15 years with our free 15 Minute Paychecks & Balances Money Plan: Your Guide to Financial Freedom.

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• D.E.B.T. Free: A 4-Week Starter Kit – Get Paychecks & Balances, LLC. signature course today! Based on our popular book, Debt Free or Die Trying: How I Buried Myself in $30,000 in Debt and Dug My Way Out, this actionable 4-step program helps you create a debt free plan you’ll actually follow.
• SoFi – offers a full range of financial services, from personal loans to refinancing to investing. Marcus has used SoFi twice and has nothing but good things to say about their easy to use services. Use our referral link and get $100 when your loan is funded.

Break the Paycheck-to-Paycheck Cycle

• Digit – Struggling to save money? Sign-up for Digit at paybal.co/digit to automate your way to saving hundreds or more! Digit analyzes your spending and automatically saves the perfect amount every day. Read why Rich loves Digit and how much it’s already saved him.
• Tiller – The only spreadsheet templates powered by an automatic feed of your finances directly into Google Sheets and Excel. Easily budget, track expenses. Get started here!
• Freshly – Behind only housing (33%) and transportation (16%), food-related expenses (13%) is the largest expense category for the average household. Freshly delivers chef cooked, healthy, wallet-friendly meals that fit any budget. Use our referral link to take 2-weeks off from cooking with $20 off your first two orders.

Increase Your Income Streams

• Trade Your 9 to 5 with Investing Made Easy – Tela Holcomb, shows you How to Trade Your Way to Financial Freedom and Build a Legacy of Wealth – All Without Working 40+ Hours a Week in her course bundle. Learn how she does it here.
• Start Your Amazon Side Hustle – The result of Sandy of YesIamCheap.com nearly two decades of experience is a 5 module course that is designed to get you up and running and selling on Amazon. Modules include videos, ebooks, checklists, live video classes, templates and Periscope videos designed to help you get online and profitable, fast. I teach you how to put everything together so that you can begin earning side money from your first month in business.

Announcements

• Check out Marcus’ mention on CBSNews.com.
• TheMarcusGarrett.com and the Second Edition of Debt Free or Die Trying coming this 2020.
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