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In this episode, each of the four creators touch on their personal business interests and where they want to go in the future from a business standpoint. We also offer different tips and tricks that we've learned over the past couple years from dabbling in different business areas and through Balance Academy. Be sure to check out this conversation if you're interested in starting a business or may be on the fence about whether entrepreneurship is the right path for you!
As always, please be sure to follow our podcast on whatever platform you may be listening on, subscribe to our YouTube channel, and check out our website for news and merch at balance-academy.net. We appreciate all the support!
In the second half of this week's podcast, we shift focus to the topic of investing. We recommend that everyone should start investing EARLY so that you can see your returns grow over a longer period of time. This is theory of compound interest at work, everyone, and it really is true. If you start earlier, you will be much better off than someone who started a few years after you, even if you might put in a bit less money than them per year.
For your first investment account, we highly recommend using a Roth IRA. This is a retirement savings account that provides good tax benefits and a lower-risk investment model for younger adults and professionals to amass savings for retirement. The money you put in a Roth is taxed at the beginning once deposited, which means when you withdraw in the future (wait till age 59 1/2 or else there's a penalty!), you won't get taxed on the money already in the account. That is the main advantage of the Roth over a traditional IRA because under a traditional IRA you get taxed upon withdrawal but not deposit.
Stay tuned for a tutorial video on how to start your Roth IRA account and what funds to invest in over time!
We also briefly discuss the stock market and other potential areas where young people can invest just starting out. Generally speaking, we think it is wise to look at funds and investments that are more stable with lower levels of risk so that you can grow a foundation first. Also, if you really want to learn more about how stocks work, there are cool mock stock portfolio games at websites like Investopedia that help young people learn more about how stocks fluctuate and when to buy/sell based on market conditions. Check out the following link: https://www.investopedia.com/simulator/
Be on the lookout for more Financial Module content coming soon, and thank you for the support!
In this podcast episode, we introduce some of the major topics of the Financial Module, such as personal finance, budgeting, financial planning, saving for retirement, and many other topics! So, what is personal finance? In short, personal finance is really about trying to find a "peace of mind" where you do not have to think or stress over making financial decisions. This comes with lots of time and effort, and we'll guide you along some major steps to achieving that peace of mind.
First off, we discuss how to budget your money. In the video we offer a couple different approaches on how to manage money and plan for the future. We'll talk about why you need a budget and what a good budget can do for you. Next, we'll turn to investing and retirement planning. A big topic we'll cover is the difference between a Roth and traditional IRA account. We will also discuss basic investing tips, the stock market, and planning out your financial future.
The next major topic within the Financial Module is passive income and making money off a side hustle. In this section, Lavran will give more details about his experiences as an entrepreneur, answering questions like "how can I start a business?" or "how can I make money from other sources than my main job?" Lastly, we will talk about probably the most common stream of income for many people: your job. How can you derive both money and value from your job, and how can that lead you into other opportunities through promotions or pay raises?
Thanks so much for your support, stay tuned for all the content we have coming out in the next few weeks, and get balanced!
In this episode Nik talks with his roommate, Komlan Sogah who immigrated here when he was 10. Listen in to their discussion on cultural relationships!
Welcome to the first installment of our interview series! To kick things off, we welcome special guest Pete Caruso to the show. Pete is a senior at Marquette University pursuing a psychology major and minors in business and criminology.
In this episode, Pete and Andrew talk about comedy and laughter and how they can be critical to your overall emotional well-being and emotional balance. This is especially true whenever you encounter a difficult or stressful situation - comedy and laughter can be great stress relievers!
Thanks for tuning in to our podcast, please be sure to continue showing your support by subscribing to our YouTube channel, following us on Instagram, and checking out all our brand new merchandise on our website at balance-academy.net! Want to be a part of the interview series? Shoot us a DM on Instagram or email us at [email protected]. Get balanced!
In this podcast we discuss personal presentation including posture, dress code, and hygiene. Enrique, Lavran, and Andrew give their tips to help you command respect and own your presence in and outside of the business world.
Be sure to follow us on Instagram and Facebook, and to subscribe to our YouTube channel. You can head over to our website to keep up with Balance Academy news and to purchase our awesome new merch! --> balance-academy.net
In this episode, we cover some good tips to help you develop a healthy sleep routine! We recommend 7-8 hours of sleep each night, really focus on that. Make sure to limit your screen time on phones, computers, TVs, etc. throughout the day and especially right before going to sleep. Be sure to also check out buying bluelight glasses! They're super helpful for limiting the amount of UV radiation from screens, and you can find a pair for cheap!
Thanks for tuning in, be sure to follow this podcast and our YouTube channel. Check out our website at balance-academy.net to find our new merchandise. Check us out on Instagram and Facebook too, and spread the word to friends and family! Impact your world!
Discover how to diet properly as Lavran walks you through the nuances of dieting and explains why its actually not as scary as you may think. It's also quite cheap!
In this episode, Nikulaus and Lavran discuss working out and maintaining yourself physically. Listen to what they have to say!
Please show your support by subscribing to our YouTube channel and following us on Instagram! Check out our merchandise at balance-academy.net - get balanced!
Find out what it takes to maintain BALANCE in the physical dimension. In this episode we introduce the core topics for physical health; fitness, diet, sleep and hygiene. Enjoy!
Please be sure to follow us on here, Instagram and Facebook and subscribe to the YouTube channel. We also have merch you can get only at www.balance-academy.net
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