Erin Lowry, the author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together, is on the podcast today. Erin is a Personal Finance Expert who helps millennials navigate their big money questions and teaches them how to control their finances like a boss. Her first book was named by MarketWatch as one of the best money books of 2017, she has appeared on CBS Sunday Morning, CNBC and Fox & Friends, written for Fast Company, Cosmopolitan Magazine, and Refinery29 and regularly speaks at universities and conferences around the country.

In her newest book, Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money, Erin focuses on giving millennials a solid introduction to investing and developing a healthy money mindset. In this episode she talks to the guys about merging finances in a relationship, paying off debt, diving into the world of investing, and how you can make your money work as hard as you do.

Highlights:

• How relationships and money
• The necessity of the Prenup
• Finding your “Why” you need a Prenup
• Understanding financial nudity with your partner
• Broke Millennial takes on Investing
• Acknowledging money privilege
• Dissecting the Emergency Fund
• How to shift from fear to preparedness
• Risk Tolerance in Investing
• What is a Time Horizon?
• Are Micro-investing apps a good idea?

Key Takeaway: Instead of shying away from the world of finance, step bravely in. Erin teaches us that communication and being honest about your money aspirations and set-backs could unlock a world of financial fluidity and freedom. When you are determined to learn and grow with your money, you will change your life for the better.  

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Erin Lowry

Website: https://brokemillennial.com/

Blog: https://brokemillennial.com/blog/

YouTube: https://brokemillennial.com/youtube-show/

Twitter: https://twitter.com/BrokeMillennial

Instagram: https://www.instagram.com/brokemillennialblog

Broke Millennial: Stop Scraping By and Get Your Financial Life Together Book on Amazon:

https://www.amazon.com/gp/product/0143130404/ref=as_li_tl?ie=UTF8&tag=brokemillen0920&camp=1789&creative=9325&linkCode=as2&creativeASIN=0143130404&linkId=9bc26424f520fe873de979f752f69c63

Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money Book on Amazon:

https://www.amazon.com/Broke-Millennial-Takes-Investing-Beginners/dp/0143133640

Are you dissatisfied with your career? Not sure how to pivot? Scott Barlow, the founder and CEO of Happen to Your Career, can help! Happen to Your Career is company that specializes in career courses, coaching programs, and a podcast that cover Scott’s genius tools, resources and roadmaps necessary to begin—and complete—that journey for a more rewarding life. Scott’s passion for helping others discover their signature strengths and living in the present has led to countless individuals starting their own businesses, attaining new jobs, and realizing their astounding potential.

In this episode, you’ll hear Scott share how a series of bad jobs and career struggles inspired him to take immediate action, undergo a series of pivots in his career, to confidently and successfully create his own business. By the end of this show you will learn how to stop settling, master the Puzzle Method, and harnessing your power for a more fulfilling life.

Highlights:

• The first step is to admit you are a little lost….
• Scott’s experience of owning his first company
• How the wrong job ignited his quest for a better life
• Uncomfortable jobs= skills for the future
• Tools to build a path to action
• What is the Puzzle Method?
• Signature strengths- areas that you are good at and enjoy want and NEED most
• How to design experiments and initiate conversations to utilize signature strengths in doable action
• What are the smallest ways to validate your shifts?
• Becoming a “Social Goldilocks” and the importance of guiding conversations
• Never settling again!

Key Takeaway: The more immediate action you take towards building the life you want, the more success you will see spill into your life. The old saying of “be patient” and “only time will tell” are lies. Utilizing your signature strengths, identifying your wants, and harnessing your locus of control, will transform your dreams into a reality today.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Scott Barlow

Website: https://www.happentoyourcareer.com/scott-barlow/

Figureitout.co

Podcast: https://www.happentoyourcareer.com/podcast/

Twitter: https://twitter.com/scottabarlow

Facebook: https://www.facebook.com/happentoyourcareer

Today on Paychecks & Balances, Gaby Dunn the author of Bad with Money: The Imperfect Art of Getting Your Financial Sh*t Together, talks to us about bravely facing life and money. Gaby is a bestselling author, journalist, television writer, actress, and LGBTQ activist whose podcast “Bad With Money”, was named one of the top ten podcasts of 2016 by The New York Times.

Gaby brings a queer, feminist, unabashedly radical point of view to the podcast and uses both her unique life experiences and humor to bring clarity to tough financial topics. In this episode, Gaby talks to the guys about facing the harsh reality of today’s world, how to side-step the haters, and how we are all capable of economic independence.

Highlights:

• How did your parents mold your financial literacy?
• The American Dream vs Reality
• The Millennial Myth
• Looking “wealthy” on social media
• The unethical unpaid internship
• Owning your content and getting paid
• What social media platform is best for you and your business?
• Follow where the money goes
• Pay the haters no mind

Key Takeaway: You aren’t alone… we are all struggling. Gaby explains that by taking the painful first steps of being truthful about your money problems, you can become more adaptive to solving your woes with creative, ambitious, and well-educated solutions.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Gaby Dunn

Podcast: https://www.stitcher.com/podcast/panoply/bad-with-money

Twitter: https://twitter.com/GabyDunn

Instagram: https://www.instagram.com/GabyRoad

Bad with Money Book on Amazon: https://www.amazon.com/Bad-Money-Imperfect-Financial-Together/dp/1501176331

Today on Paychecks & Balances, we welcome back Rianka Dorsainvil to the podcast. Since her last visit, she has become a part of CNBC's Digital Financial Advisor Council, which consists of 20 high-level financial professionals that make investment terms and strategies more transparent and she writes a monthly column for PBS NewsHour. Rianka is a Certified Financial Planner and both the Founder and CEO of “Your Greatest Contribution” or YGC. She continues to establish herself as a leader in the financial world and has been published in Black Enterprise, CNBC, Financial Advisor, ThinkAdvisor, MarketWatch, US News & World Report, Women’s Health and many more.

In this episode, you’ll learn how to become financially transparent with your partner, position yourself for the next tax year, understand how new tax laws affect you, decoding deductions, and how to empower yourself with tax knowledge.

Highlights:

• The Walkaway Experience of starting a new business
• Why Financial Transparency is paramount in a relationship
• Avoiding “lifestyle creep” so you don’t lose momentum with your wealth
• Tax Prep vs Tax Planning: Tax Prep: Getting your documents in order, going back to see if you can deduct expenses. Tax planning: strategically planning for the next year so missteps don’t happen again

• New tax laws might affect you and how you do your taxes
• You can always amend your taxes
• Using your 401(k) to get a better tax break
• What are Quarterly Taxes? Who has to pay them?
• Keeping meticulous records is the key
• What can be written off?
• Incorporating tax planning into career, family, and future

Key Takeaway: By tax planning throughout the year, you can empower yourself, your business, and develop life long habits that will ensure for wealth and prosperity.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Rianka Dorsainvil

Websites: http://riankardorsainvil.com/

http://yourgreatestcontribution.com

Twitter: https://twitter.com/Rianka_D

Instagram: https://www.instagram.com/rianka_d/?hl=en

2050 Trailblazers

Website: https://www.2050trailblazers.com/

Podcast: https://www.2050trailblazers.com/podcast

Facebook: https://www.facebook.com/2050TBs/

Twitter: https://twitter.com/2050TBs

Instagram: https://www.instagram.com/2050tbs/

Today is part two of Episode 116, “Taking An L”. Rich was recently on vacation in an unnamed city, if you follow him on social media you’ll know where he went. In any case, after a fun filled bike ride in a park, Rich realized he had lost his wallet. After hours of searching for it, it got dark and he called off the search. Going to plan B he took a couple of Lyft rides around town to try and find a western union where he was set to receive a money gram of cash that a friend of his generously offered to send him, when rich called him and told him about the lost wallet. After unsuccessfully hitting up several continence stores and liquor stores in sketchy neighborhoods, that were filled with some questionable characters, Rich couldn’t find a functioning Western Union in the whole city. In this episode you’ll get the lessons Rich learned and why sometimes you have to accept the L, learn from it and move on with your life.

Highlights:

• Renting a tandem bike
• The search for the missing wallet
• Clapping and yelling to scare off animals in the park
• National banks aren’t in every major US city
• Trying to use Money Grams and the lack of Western Union’s
• Memorizing Credit Card CVV numbers
• Liquor stores, bullet proof glass and Chinese restaurants in the hood
• Familiar hoods vs. new hoods
• Always think about your exit strategy
• Accessing money from your ATM without your debit card
• The Tile App
• Some reoccurring subscriptions find a way to bill you even if you lose your credit card
• Learning about yourself and your business from consultant work

Key Takeaway: Take the L, learn from it and apply those lessons to your future self.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Phylecia Jones, founder of Keeping Up With Mrs. Jones, is on the podcast today. Rich and Marcus met Phylecia at Fincon 2016 in San Diego and since then have kept in touch. Phylecia is a “budgetologist” and helps entrepreneurs manage the money they have as well as generate more money making opportunities in their business.

Currently Phylecia is living the laptop lifestyle and is on a cross-country RV trip with her husband. In this episode she talks to the guys about first jobs, taking the leap into entrepreneurship, paying off debt, lifestyle creep for six figure earners, pensions being a thing of the past, budget must have’s and using public speaking engagements to covert people into your business programs.

Highlights:

• Giving up “things”
• Spending everything on traveling
• Money as a taboo subject growing up
• Being a women in the workforce
• Finding a mentor
• Quitting the 9-5 without second guessing it
• Clearing out savings to pay debt
• Lifestyle creep and living on the margin on a six figure salary
• Pensions are a thing of the past
• Budget must have’s
• Post-it note budgeting
• Using speaking engagements to draw people into your businesses ecosystem

Key Takeaway: Stop worrying about what other people think of you; get financial help if you need it. Stop trying to impress people with your money. You’re not keeping up with the Jones’s; the Jones’s are responsible.

Paychecks & Balances

Website: https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: https://twitter.com/paybalances?lang=en

Phylecia Jones

Website: https://www.keepupwithmrsjones.com/

Podcast: https://www.keepupwithmrsjones.com/podcast/

Twitter: https://twitter.com/keepupwmrsjones

Instagram: https://www.instagram.com/keepupwithmrsjones/

Every great collaboration is a love story. It’s intense. Passionate. Along the way, there are flashes of love, hate, pride, ego, ambition, and brilliance. This is One Plus One, the show about the spark that drives two original thinkers to ultimate success. We’ll unearth the stories of Paul McCartney & John Lennon, Frida Kahlo & Diego Rivera, Beyonce & Jay-Z, Shaq & Kobe, and many more, and learn what it is about their chemistry that led them to greatness. Subscribe to One Plus One today at wondery.fm/

Today’s episode is all about taking your L’s, or in other terms, taking your losses. Rich and Marcus share some personal stories and set backs they’ve had where they had to accept mental, physical and financial setbacks and then move on with their lives. They attribute their ease of getting through these incidents with only a slight financial dent to their past few years of solid financial discipline. What could be a massive financial loss that takes months or years to recover from can be minimized with a proper financial plan.

In this episode the guys touch on how cable and insurance companies often times randomly increase your bill by small percentages without notifying you. This episode also dives into the underworld of the Tow Truck and Mechanic industries and why you always end up paying exuberant amounts of money for things related to your car.

Highlights:

• Calling and fighting to lower your bills
• Paying cash for a car if possible
• Using the Mint app to help with budgeting
• Yearly subscription renewals that you forgot about
• Tiller Money spreadsheets
• The dark world of the tow truck industry
• Mechanic Racketeering

Key Takeaway: What could be a massive financial loss that takes a lot of time to recover from can be minimized with a solid budget, emergency fund and ongoing financial plan.

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

Unless you’ve been living under a rock or off social media, by now most of you have seen or heard about the Fyre Festival. The Fyre Festival was a failed “luxury” music festival that was scheduled to take place April 28-30 and May 5-7 2017 on the Bahamian island of Great Exuma. The event was created by Billy McFarland, a young entrepreneur and the founded of credit card company Magnises. Fyre Festival was highly promoted by social media influencers and some of the most popular females models in the world. During the Fyre Festival’s inaugural weekend, there was a tremendous amount of problems related to housing, food, security, medical services and artist relations. This led to chaos, confusion and ultimately the cancelling of the festival the day that it began.

Today’s Paychecks & Balances, Rich and Marcus speak with Kelly Hultgren. Kelly is the producer of the “Her Money Podcast” with Jean Chatzky. Kelly is a friend of the P&B family and also attended Fyre Festival. In this episode you hear her story about what it was like to attend the festival while unknowingly being lied about almost every aspect of the festival experience.

Highlights:

• Social media influencers lacking responsibility
• The allusion of private villas and jets
• Having no cell service
• Sleeping in random tents with towels for beds
• Being locked in the airport
• White Privilege
• Travel lessons – Always have cash in the correct currency
• Sociopathic entrepreneurs praying on the worlds elite

Key Takeaway: If something feels too good to be true, it probably is.

The UCI Division of Continuing Education courses are taught by expert instructors with industry experience with offerings of over 60 convenient certificates and specialized studies programs on campus and online designed for the working professional who seeks career advancement and personal enrichment. Spring quarter is coming up and registration is open! To learn more, visit ce.uci.edu

For a limited time Blinkist.com/Paychecks has a special offer just for the P&B audience. Blinkist is made of busy people like you, who want to get the main points without reading the entire book. With an audio feature, Blinkist makes it easy to finish 4 books a day while you are on the go. Visit Blinkist.com/Paychecks to start your free 7 day trial.

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

Kelly Hultgren

Website: https://www.hermoney.com/author/kellyhultgren/

LinkedIn:

Maximizing your work time, free time and family time is key for living a successful and fulfilling life. However, many people don’t know how to set a schedule or create systems that allow them to maximize productivity and spend their most valuable time on their most valued activities.

Today’s guest on Paychecks & Balances is Amber De La Garza. Known as The Productivity Specialist, Amber helps entrepreneurs execute solutions to maximize profits, reduce stress, & make time for what matters most. Amber has been a contributing author to The Huffington Post and has been featured on dozens of Podcasts. In this episode Amber breaks down some productivity myths and provides some tools and insight on how to regain control over your time.

Highlights:

• Leaning into organization when there’s chaos in your life
• Distraction free, focused time
• Finding what works for you and setting boundaries
• If your routine is working, keep it
• Maximizing free time by waking up earlier or staying up later
• Energy Management – Things either give or deplete
• Parkinson’s Law – Work expands so as to fill the time available for it’s completion
• Keeping the process simple

Key Takeaway: Productivity is investing your best time into your best activities

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

Amber De La Garza

Website: https://amberdelagarza.com/

Facebook: https://www.facebook.com/theproductivityspecialist

Instagram: https://www.instagram.com/amber_delagarza/