The BetterWallet

Check out my resources!

Click Here To Join The Financially Bulletproof Investing Course! 

Click Here To Download my Free Financially Bulletproof Checklist

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In this episode of the BetterWallet Podcast,  Marc chats with Darius Smith, Founder of Wealth Is My Worth, about automating your investments and savings.

Darius shares his personal story of paying off $170,000 of debt and building a successful investment portfolio using automation techniques. Darius explains how automation can take the decision-making process out of investing, allowing individuals to build wealth without realizing it.

Timestamps:

[05:15] Darius's reason behind his company, Wealth Is My Worth
[08:11] Automation and its role in building wealth
[10:27] What technologies to use for budgeting & wealth building
[15:14] How to automate your pay with a W-2 job
[16:34] How to set up and automate accounts for your
[18:13] The impact investing accounts have on student aid
[21:40] Books to improve your finances and automate you wealth

Connect with Darius:

FI Workshop: https://www.wealthismyworth.com/workshop
Live Course Application: https://calendly.com/wealthismyworth/vip/

Social Media:
https://www.instagram.com/wealthismyworth/
https://www.tiktok.com/@wealthismyworth
https://www.youtube.com/channel/UC7CHLKWzse4yPvOx8dvYYLw
https://www.linkedin.com/groups/13923546n 

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Check out my resouces!

Click Here To Join The Financially Bulletproof Investing Course! 

Click Here To Download my Free Financially Bulletproof Checklist

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In this episode of the BetterWallet Podcast,  Marc chats with Nika Booth, Founder of DebtFreeGonnaBe, about getting out of $189,000 of debt and the state of student loan forgiveness.

Student loans and the debt they cause are wreaking havoc among millions of individuals.  Some, like Nika Booth, have escaped their debt despite the odds against them.  Today, Nika shares just how she got out of a mountain of debt and all she has learned about student loans and student loan forgiveness

Timestamps:

[06:54] Nika's view of money growing up
[10:09] Nika's college education journey 
[14:17] How Nika attacked her six-figure debt
[17:05] Nika's journey to debt freedom
[19:14] How to design the perfect budget that fits YOU
[22:06] Public Service Loan Forgiveness 101
[29:30] Impact, impact, impact! 
[36:19] Three actionable tips to consider!

Get Nika's free PSLF guide here: pslfguide.com
Follow her at debtfreegonnabe on IG and Tik Tok

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Click Here To Join The Financially Bulletproof Investing Course! 

Click Here To Download my Free Financially Bulletproof Checklist

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In this episode of the BetterWallet Podcast,  Marc explains the three times he took frugality too far.

Marc is all for saving, investing, and paying down debt as fast as you can. But he has seen how being too frugal can put you in danger or unhealthy situations. Today, he shares what he did that he doesn't recommend when trying to be frugal.

Timestamps:

[02:50]  Hindsight is 2020
[04:02]  Getting hot in here
[09:13]  Crisis with the lack of financial literacy 
[10:03]  Living in Jumanji
[16:45]  Pay for comfort
[19:23]  Reviewing Marc's three mistakes

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Click Here To Join The Financially Bulletproof Investing Course! 

Click Here To Download my Free Financially Bulletproof Checklist

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In this episode of the BetterWallet Podcast,  Marc explains the top three money moves you should make before becoming your own boss and quitting your current 9 to 5.

He worked in corporate finance for almost 10 years before making the nerve racking jump, so he will give you some tips to make the jump seem more like a small leap!

Timestamps:

[01:16]  Review from a fan

[03:48]  Understand your finances

[07:51]  Make sure you have a safety net

[10:39]  Taxes and keeping business and personal finances seperate

[15:00]  Importance of using a bookkeeper and not feeling ashamed with your record keeping

[16:24]  Quick summary of the 3 money moves to make before going full time in your business

[17:22]  When to make the jump into full time entrepreneurship?

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Join the Financially Bulletproof family!

Follow me
@BetterWallet on Instagram
@BetterWallet on TikTok
@TheBetterWallet on Twitter

In this episode of the BetterWallet Podcast, we dive into why people take money out of their 401k to pay for expenses like concert tickets. Marc explains the top three reasons you should avoid this financial trap and the consequences of doing so.

[01:25]  Bloomberg article on people taking money from their 401ks
[02:43]  Rules on taking money out of your 401k
[05:09]  Financially Bulletproof
[06:17]  Taxes on your 401k withdraw
[10:18]  401k Loans
[15:00]  Possible pitfalls of leaving your job after taking out a loan from your 401k

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Get your checklist now!
Financially Bulletproof Checklist - financesincheck.com/checklist

Follow me
@BetterWallet on Instagram
@BetterWallet on TikTok
@TheBetterWallet on Twitter

In this episode, Marc talks about a High Yield Savings Account (HYSA) and the importance of saving money. He shares their favorite HYSA options and explains how to open one. Marc will also discuss how an HYSA can be used to save for events you might want to attend. And he explains the challenge of affording expensive tickets and how Americans tend to use credit cards to pay for things and later collect interest. He will educate the listeners on the dangers of this mindset and offer a plan to avoid financial regret.

[03:08]  Challenge of purchasing event tickets
[05:00]  Well-planned spending
[05:20]  HYSA
[08:10]  What to look for in HYSA's
[14:00]  Ally Bank HYSA
[17:05]  Goldman Sachs HYSA

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Get your checklist now!
Financially Bulletproof Checklist - financesincheck.com/checklist

Follow me
@BetterWallet on Instagram
@BetterWallet on TikTok
@TheBetterWallet on Twitter

In this episode of the BetterWallet Podcast, host Marc Russell breaks down the FIRE movement, which stands for Financial Independence Retire Early. He discusses the origins of the movement, how he first heard about it, and how listeners can join the movement and retire early.

[02:28]  What is FIRE?
[04:40]  Marc's introduction to the FIRE movement
[06:50]  Knowing your numbers
[09:00] Challenges with the FIRE movement
[12:00]  Figuring out FIRE number
[14:55]  Investment Account to Use

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

Get your checklist now!
Financially Bulletproof Checklist - financesincheck.com/checklist

Follow me
@BetterWallet on Instagram
@BetterWallet on TikTok
@TheBetterWallet on Twitter

In this episode, we'll dive deep into how you can help your kids get a head start on retirement. To help break down the rule change, I want to bring on one of my buddies. 

His name is Ryan Francis. Ryan is an online finance creator where he drops all kinds of helpful money tips, and he's also the co-founder of HomeDime.com, which connects top realtors and lenders to homebuyers, which is pretty cool. He's been featured in Forbes, CNBC, The Today Show, and Bankrate.

 [06:28]  Ryan's childhood and family memories of money
 [11:57]  College life and frugality
 [20:51]  Saving money and paying down debt
 [24:23] Long-distance relationship was the best education
 [25:58]  The right way to pay down debt, save, and invest
 [29:28]  Getting into real estate
 [35:31]  Don't take home buying lightly
 [40:28]  529 changes


Connect with Ryan

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

More from BetterWallet:

Get your checklist now!
Financially Bulletproof Checklist - financesincheck.com/checklist

Follow me
@BetterWallet on Instagram
@BetterWallet on TikTok
@TheBetterWallet on Twitter

In this episode, Marc shares all about Secure Act 2.0. You will learn about the latest changes to the retirement investing landscape in the United States with the Secure Act 2.0, including the impact on RMDs, catch-up rules, student loan repayment, and the option for employers to use Roth dollars for matching contributions.

[01:00] Introduction to the Secure Act 2.0 and its purpose.

[02:00] Explanation of the legislative process and the role of Congress.

[03:00] Mention that the changes will go into effect in 2024.

[04:00] Explanation of RMDs and potential changes to the rules.

[09:00] Introduction of the option for employers to use Roth dollars for matching contributions.

[10:00] Mention that the Roth dollars used for matching will be 100% vested.

[11:00] Explanation of vesting schedules and the impact on employees.

[12:00] Discussion of the financial impact of the 100% vesting on Roth dollars.

[13:00] Calculating how much money an individual could have in a Roth 401k after 30 or 40 years.

[13:00] Information on how to learn more about the changes in the Secure Act 2.0.

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet

More from BetterWallet:

Get your checklist now!
Financially Bulletproof Checklist - financesincheck.com/checklist

Follow me
@BetterWallet on Instagram
@BetterWallet on TikTok
@TheBetterWallet on Twitter

Welcome to the Better Wallet podcast! In this episode, we'll discuss how to plan for the new year and budget for your 2023 financial goals. 

We'll cover topics such as setting financial goals, creating a budget plan and finding ways to save and invest. Whether you're looking to pay off debt, save for a down payment on a house, or improve your overall financial well-being, this episode has something for you. 

Tune in to learn practical tips and strategies for planning and budgeting for a successful 2023.

[00:00:23] Importance of budgeting and how it helped the speaker pay off $80,000 of debt and invest
[00:01:11] Life update
[00:04:10] Importance of budgeting and knowing where your money is going
[00:08:07] Tips for creating a budget plan, including setting financial goals and tracking expenses
[00:14:40] Credit card debt and the importance of paying it off
[00:17:00] Discretionary income and its role in paying off debt and reaching investment goals
[00:18:00] Reducing variable expenses as a way to increase discretionary income
[00:19:32] Importance of emergency savings and how to build it up
[00:22:05] How budgeting helped Marc pay off debt and reach financial goals
[00:23:53] Recap of critical points and invitation to join the speaker's budgeting course.

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Connect with Me! 

Instagram: @BetterWallet

TikTok: @BetterWallet 

Twitter: @TheBetterWallet 

YouTube: @BetterWallet