Our goal at Paychecks and Balances is to help Millennials make money, save money, and get out of debt. We had another great year including several interviews with informative guests and subject matter experts in personal finance, investing, and money management and media feautres. According to readers and listeners, this is their favorite P&B content from 2018.
Top 10 Podcasts
10. From Money Dates to Money Moves ft. Elle Martinez of Couple Money – Elle Martinez started Couple Money in 2009 after writing about personal finances for more than 7 years. Couple Money’s purpose is to help couples build their finances together by learning to live on one income and have fun through tips, tools, and services that can help couples find solutions that address their needs.
9. Money Moves to Make and Avoid in Your 20s, 30s, and 40s – There are different strategies for money management in your 20s, 30s, and 40s and in this 2-part discussion we break down these three key decades in your life. Memorable Quotes: “Money is not taught in school. School’s focus is on scholastic and professional skills, not finances. Children spend years in an antiquated educational system studying subjects they will never use, preparing for a world that no longer exists.”
8. The Art of Winning – We discuss the art of the win and how you can set yourself up for the mid-year come back or maintain your wins into the second half of the year with measurable micro-goals. It’s never too late to get on track. If you haven’t set your personal & financial goals for the year, there’s no time like the present.
7. Investing Made Easy ft. Tela Holcomb – In our final week of National Financial Literacy Month with four money experts, Tela Holcomb joins us to discuss the stock market in plain English. Before you say anything, yes, we asked her about Bitcoin! However, we’re still just as confused as to how we’re supposed to make our own money from bitcoin. I think a lot of us would like to know how to short Bitcoin in the event of a market crash in order to give our investments a bit of protection. You used to hear things about Bitcoin trading being a scam, but the predominant thought these days is that most online bitcoin trading platforms are safe and secure. Tela is a stocks and options trader, mom, and wife who is focused on living the life she loves through financial independence. On this
6. Automate Your Way to Saving 1x Your Income – We discuss how to save 1x your income by age 30 and 3x by age 40 using a few automated tools, and the three step process you can follow to increase your retirement savings without impacting your takehome pay.
5. They Were Struggling on $500,000?! ft. Financial Samurai – We re-visit our fastest downloaded podcast ever, PB47: Barely Making It on $500,000! As an added bonus, feature half-man, half-legend the Financial Samurai himself — an MBA Cal graduate who spent over 10 years working in the finance industry before starting his own six-figure website — joins us to discuss his viral article and the key takeaways for money management in your household.
4. It’s Time to Raise That Credit Score! ft. Liz Weston, CFP – Liz Weston, the author of five books including Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future, shares the truth about credit. Liz is a Columnist and Certified Financial Planner (CFP) whose goal is to help us get smarter about money.
3. From $47,000 in Debt to Financial Independence ft. Candice Marie – Today Candice Marie has a positive net worth, savings, investments and paid off over $47,000 in debt! This wasn’t the case just six years ago when she didn’t want to check her net worth because it was in the negative.
2. The Three Levels to Financial Freedom – We talk you through the steps we followed in pursuit of financial independence. You’ll hear how even simple changes in your day-to-day routine can lead to huge financial wins in the year-to-year. Plus, hear a quick four-step way to estimate your own financial independence number.
1. How to Make a Career Change ft. Jeff Johnson – Jeff Johnson has been seen covering red carpets and press junkets for various outlets including NBC News and The YBF. Jeff also hosts the “NonStopCulture Show,” a podcast and YouTube show discussing the latest in pop culture and digital media. He is also an on-air correspondent and producer for Bleacher Report. We brought Jeff on the show to tells us how he escaped from Corporate America into the job of his dreams.
Top 10 Blogs
10. Review: Dollars and Sense by Dan Ariely and Jeff Kreisler – Apparently, it’s easier to give advice than it is to follow: “One interesting survey even found that 46 percent of financial planners don’t have retirement plans themselves.” An informative read that emphasizes the changes we all need to make in our money mindset, “30 percent of Americans are so far behind in saving for retirement that they will have to work until they’re eighty. Average life expectancy is…seventy-eight.”
9. I’m in my 30s but I haven’t started saving for retirement! What should I do? – An #AskPB Question cracks the top 10: It happens and you’re not alone, 1 in 3 have not started saving for retirement. The best time to start saving for retirement was yesterday, and the next best time is today. It’s never too late but you do need to start. It sounds like you’re asking, “where exactly?” You can start here.
8. How a LinkedIn Message Led to a Job Offer – Rich recently read a piece on Time Money titled “Here’s the Cold LinkedIn Message That Prompted a CEO to Give the Sender a Job.” It’s about a guy who essentially got an offer through a LinkedIn message. As a
7. Review: The Millionaire Next Door by Thomas J. Stanley – Still one of our favorite personal finance books and it looks like our readers agree. If you want motivation to get your money right, start with this book.
6. Review: I Will Teach You To Be Rich by Ramit Sethi – A light-hearted approach to set yourself up to become rich through a 6-week program, “We need to know about a few things to invest in and then we need to let our money grow for 30 years.”
5. Review: The Two-Income Trap: Why Middle-Class Mothers and Fathers are Going Broke – The Millennial Overconsumption Myth: “There is no evidence of any “epidemic” in overspending-certainly nothing that could explain a 255 percent increase in the foreclosure rate, a 430 percent increase in the bankruptcy rolls, and a 570 percent increase in credit card debt.”
4. We Read the 15 Best Personal Finance and Investment Books and Summarized the Action Items From Each That Will Make You Rich – Applying Lisa Nicole Bell’s suggestion to “read 10 pages a day” from our Behind the Brilliance episode, Marcus set out to read and review the best 15 personal finance and investment books according to the experts in 2018.
3. Has the Financial Independence Retire Early (FIRE) Movement Burned Out? – FIRE may be the best worst form of financial independence to pursue, except for all of the alternatives. In its purest form, FIRE challenges us to take one step today to improve our financial circumstances tomorrow, then repeat until we’re financially free.
2. This Is How Much You Should Have Saved by Age 35 to Retire Comfortably – “By the time you’re 30, aim to have 1x your annual income set aside for retirement. At 40, 3x; at 50, 6x; at 60, 8x; and by retirement, 10x.” – Jean Chatzky, an American financial journalist, author and motivational speaker. Jean has been a financial editor for NBC’s Today Show, but is her advice realistic for the average American household? I crunch the numbers here.
1. How Much Home, Car, and Debt You Can Afford on a 30, 50, and $100,000 Salary – There are at least three facts most people overlook when trying to figure out how much home, car, and total debt they can afford based on their income: How Much You Can Afford Based on Your Income; Why $100,000 Isn’t Always $100,000; and Adjusting for Cost of Living Around the Country. Here are the tools you should use and consider before you taking on new debt.
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