Paychecks & Balances | Personal Finance & Career Advice for Millennials

Today its’ just Marcus and Rich on the podcast. They’re doing a 2019-year in review and checking in with each other to get some feedback on where they’re both at in their business and personal lives. They’re both highlighting some changes in their mindsets and uncovering some things they’ve learned about using their time more effectively and being more deliberate with their goals.   In this episode they discuss why your time is more valuable then you think, the importance of taking new opportunities, learning new skills at your job, and taking charge of your investments. Perhaps the most important thing they’ve learned in 2019 is that you have to enjoy the process of self-improvement and that your mental health is at the root of all your successes. If you don’t get your mental health right, it’s hard for the other things to fall into place.   Highlights:   Marcus getting a new job and moving to a new city Starting a new job and having to learn new processes and procedures Dealing with imposter syndrome “Don’t be afraid to go after a new opportunity for 6- 8 months, it doesn’t have to be permanent” “Where you’re at today is the culmination of the past 10-15 years” Declaring side hustle income goals SEP IRA’s for business owners Making moves on your own, within your investment accounts Determining the hourly rate for your life Hiring help for the tasks that take up too much of your time Continuing Therapy and taking advantage of your companies “Employee Assistance Program”   Key Takeaway: It’s important to reflect back on your year and take note of your wins and loses. You can’t change what you don’t track, so write down those goals and improvement areas of your life, and crush them in 2020.   Paychecks & Balances Website:    

Today we welcome the host of “The Side Hustle Show”, Nick Loper. The Side Hustle Show is a weekly podcast that has been running since 2013. It explores creative ideas on how to make money outside of your day job. Nick is a side hustle enthusiast and many years ago he created a comparison-shopping website for footwear, that allowed him to quit his full time corporate job. Since then he’s had dozens of other side hustle successes and failures.   Nick is a believer that with hard work, the right niche and some patience, everyone can have some success with a side hustle, and use the extra cash to save more money, pay off debt, learn new skills or try and escape the rat race. Nick is also the founder of  

Today we welcome the host of “How to be Awesome at Your Job”, Pete Mockaitis to the show. Each week, Pete grills thought-leaders and results-getters to discover specific, actionable insights that boost work performance. He also runs an Enhanced Thinking & Collaboration (ETC) Training Program, which aims to improve businesses, foster collaboration and reduce wasted time. He’s provided 1-on-1 coaching to 700+ professionals from elite organizations such as Google, the UN, Amazon, Goldman Sachs, FedEx, McKinsey, Apple and more, across 50 countries and all Ivy League schools. In this episode, you’ll hear Pete talk about consulting, starting his own business, and how to channel deep focus for difficult tasks.   Highlights: What’s sexy about consulting? The challenges of consulting Pete’s love for transforming people and making a move towards entrepreneurship What is my offering? Who are my customers? How do I acquire my audience? 400 days’ worth of savings before starting a business House Hacking Happiness is the key to being awesome at your job The 80/20 Rule Scheduling uninterrupted-deep-work time Stay in touch with your network (“Build the well before you’re thirsty.”) Syncing up with your manager   Key Takeaway: When you’re trying to achieve your dreams, you must set yourself up for success. Define what success looks like, have a substantial savings to float you for a time, and create a strategy for your potential customers.   Paychecks & Balances Website:

Today, we welcome Michelle Jackson to the show. She's the founder of "Michelle is Money Hungry", a holistic financial/entrepreneurial and wellness resource, focused on empowering women with financial tips and tricks. Michelle runs a popular blog and is also the host of the podcast “Michelle Is Money Hungry.” She offers a course on eBook creation, hosts an in-person retreat “Money on the Mountain” and is the host of a second podcast about her love for Colorado called, “Square State: A Blog All About Colorado.”   In this episode, you’ll hear Michelle talk about her journey towards financial independence, how you can expand your network, and how to start your own business TODAY!   Highlights: Empowering women with money and entrepreneurship FIRE: Financial Independence Retire Early Why Michelle decided to quit her job “You are not defined by your work” Leveraging the internet to make money The money trap of shopping at Target Meet people in your areas of interests! Those contacts will get you jobs Hanging with people who make more money than you Fail fast and hard! Perfectionism is a waste of time Listen to what your audience wants   Key Takeaway: Life is too short for working at a bad job and putting off starting your business. Get specific with what you want and begin now.   Paychecks & Balances Website:  

Today on the show we welcome Brad and Jonathan, the founders of ChooseFI. Drawn together by their deep desire to help everyday people achieve financial independence, they developed a business that offers financial information to make peoples lives less stressful and more financially secure. Brad and Jonathan offer advice, articles, and resources to help their audience become more financially literate and tackle their own money battles with courage. In this episode, you’ll hear the story behind the ChooseFI Podcast, why saving is the root to all success, and how to transform your money mindset.   Highlights: Jonathan’s battle with debt How do you get “financially literate?” “Time is the ultimate luxury” Defining financial independence for yourself Savings drive everything What does my life actually cost? Should I earn more? Or spend less? Breaking down the Roth Ladder Conversion How can we get 1% better each day Playing the long game to become a millionaire The importance of having a vision and plan Small sacrifices can add up to big wins over time Freedom requires sacrifice Stop thinking about why you shouldn't and start thinking about why you should   Key Takeaway: Once you define to yourself what you want and adopt a mindset to support that lifestyle, you will be on your way to financial independence.   Paychecks & Balances Website: