We welcome Tori Dunlap of “Her First 100k.” Tori is a financial advocate who educates millennial women and other underserved communities on financial literacy. She’s on track to save her first $100,000 by age 26 and has made it her mission to help others pay off debt, save, invest, and get their money right so they can be in the driver seat of their life.

Her parents taught her about money from the age of 9 when her father, a salesman himself, helped her start her first company with a vending machine business. It was this experience that kick-started her savings account and her entrepreneurial drive. After getting her college degree, she began to see her female friends were paid less than their male counterparts and missing out on career opportunities because of being a woman. She knew she had to fight back. In this episode, Tori talks to us about her financial upbringing, her business, her financial philosophies and her passion for disrupting the financial ecosystem that is overwhelmingly dominated by older, straight, white males.

Show Highlights

• Growing up with privilege
• Take that loose change to the bank
• A crash course in marketing
• Becoming a financial advocate for underserved populations
• How to get a job when you don’t meet the requirements
• The relationship between privilege and money
• Getting ahead financially in a system that wasn’t built for you
• The guilt and shame surrounding money
• Priority-based spending and automating your savings for the win

Key Takeaway: A lot of the current financial guru’s aren’t in touch with the financial issues of Millennials. It’s our job to make our voices heard and disrupt their antiquated advice.

Support Tori Dunlap Around the Web

• HerFirst100k.com
• Instagram: HerFirst100k
• LinkedIn: ToriDunlap

This Week’s Sponsor

• Gusto – Gusto offers modern, easy payroll benefits to small businesses across the country — they were even named best online payroll by PCMag. And as a listener, you’ll get three months free when you run your first payroll at Gusto.com/paychecks.
• University of California Irvine – If you are trying to start a new career, advance your career or better develop an appreciation of the world around you, UCI Division of Continuing Education has the resources needed to support your undertakings. There are certificate programs and specialized studies programs available making it easy to advance your career in as little as 6 months. For 15-percent off, visit ce.uci.edu/PaychecksBalances

Mentioned on This Week’s Show

• Personal Capital – Personal Capital is an online financial advisor and personal wealth management company that centralizes your finances in one easy-to-use dashboard.
• Tomorrow App – Tomorrow is an app that helps you create a will, living trust, distribute assets, and purchase life insurance.
• MarketWatch: This 24-year-old is on track to save $100,000 by age 25, and she has advice for other women who want to be rich
• CNBC: I’m 24 and on track to save $100,000 by next year—here are my money-saving tips
• How to Land the Job You Want (When You Don’t Meet the Requirements)
• Afford Anything ft. Paula Pant – PB85
• Her Own $100,000 ft. CleverGirlFinance’s Bola Sokunbi – PB111
• PaychecksAndBalances.com/GBR
  • I’m Only 35 and Retirement Is My No. 1 Money Focus

Our Favorite Tools This Week

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.

Debt Management

• 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.

Side Hustles and Passive Income Streams

• How to Start a Blog – Michelle Schroeder-Gardner is the self-made millionaire behind MakingSenseOfCents.com who credits finding her purpose and sharing her story through blog writing for her personal and financial success. With her easy-to-follow course, you can be up and running a blog in less than a day!
• Making Sense of Affiliate Marketing – Over 50-percent of Michelle’s How I Made Over $1,500,000 In 2018 revenue comes directly from successful affiliate marketing.
• Making Sense of Sponsored Posts – You can also quickly learn how she made her first blogging income, and how she now makes $10,000 – $20,000 a month with sponsored partnerships.

Announcements

• Fortune Magazine: Check out Paychecks and Balances mention in Xavier Harding’s piece, Apple Card: Are the Limited Rewards Worth It for the Privacy?
• Want personal finance, work and money presentations tailored to your next seminar or conference? Request us here!
• Learn more about Marcus’ continually updated Debt Free or Die Trying series.
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