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Whether it's getting out of debt or getting a new job, Rich & Marcus have you covered. Join them as they take a fun and relatable approach to personal finance and career advice for millennials.

Paychecks & Balances Rich Jones & Marcus Garrett

    • Investering

Whether it's getting out of debt or getting a new job, Rich & Marcus have you covered. Join them as they take a fun and relatable approach to personal finance and career advice for millennials.

    Financial Independence and Family ft. Wendy & Curtis Mays - PB166

    Financial Independence and Family ft. Wendy & Curtis Mays - PB166

    Wendy and Curtis Mays from Hou$e Of Fi are on the show today. They’re a married duo whose mission is to help your family pay off debt, budget better, save more money and increase your income. Wendy is a retired lawyer and Curtis is a high school teacher and Football Coach. Their journey into the personal finance space started back in 2008-2009 during The Great Recession, when they lost 2 homes. Along their personal finance journey, they’ve also overcome a period of time where they were drowning in six-figure college loan debt, consumer debt and living paycheck to paycheck, all while making six figures in income! This didn’t add up and they knew something had to change. Wendy and Curtis were scared for their financial future and worried about not being able to help their kids with college. Since 2016 they’ve gotten rid of over 650K of debt. At House Of FI they share their money story, open up their toolbox and share their tools so that you can embark on your own financial independence journey and live a joy-filled life.
     
    Wendy and Curtis offer a FREE course called “7-Step Money Foundations” aimed at educating people about their personal finances. They also host the House Of FI podcast where they interview experts in the personal finance space and discuss topics such as: F.I.R.E, marriage and money, budgeting, investing, side-hustles, debt payment plans, strategies for paying off student loans and other relative money topics. In today’s episode you’ll hear Wendy and Curtis’s money story, their money roles in their relationship, how they budget and prep for the future with six kids, and the steps they took to get out of debt.
     
    What To Listen For
    Why married couples must determine what kind of lifestyle they want to live The cost of having flighty dreams Sacrificing things in the short term, to achieve long term goals How income and gender roles can affect your marriage – Who is the “breadwinner”? Trying to shakeoff living with a crisis mindset after a traumatic money event has taken place The importance of additional income streams Why you need a Plan A, Plan B and Plan C for your money and career How Wendy and Curtis learned from losing 2 homes in The Great Recession How to discuss money, budgeting and investing with reluctant spouses – Accepting them where they are in their money journey The financial impact of having a big family The importance of leaving a legacy for your children Dealing with lifestyle creep The debt-avalanche vs. debt-snowball payment methods  
    Key Takeaway: Learn from your financial mistakes and plan for your future. Get educated about what you can do to budget better, pay off debt and increase your income through side-hustling.
     
    Paychecks & Balances
    Website: https://paychecksandbalances.com
    Patreon: https://www.patreon.com/paybalances
    Instagram: https://www.instagram.com/paybalances
    Facebook: https://www.facebook.com/paychecksandbalances
    Twitter: https://twitter.com/paybalances?lang=en
     
    House of FI
    Website: https://houseoffi.com/
    Twitter: https://twitter.com/houseoffi1
    YouTube: https://www.youtube.com/channel/UCJsy-xKYKq0P5IYDTbHBIrA?view_as=subscriber
    Instagram: https://www.instagram.com/house_of_fi/
    Podcast: https://houseoffi.com/podcast-3/
    Facebook: https://www.facebook.com/Houseoffi/
     
     
     
     
     

    • 52 min
    Relationships and Money ft. Adam Kol - PB165

    Relationships and Money ft. Adam Kol - PB165

    Couples Financial Counselor Adam Kol joins the show today. Adam is a finance geek who started his finance journey studying Economics at The University of Miami. While studying for his degree he landed a job at Northwestern Mutual. There, he developed a love of working with families and educating them about money. Later on, he received a “Masters in Tax Law” from NYU and along the way he also become a Certified Mediator.
     
    Adam realized early on that talking about money and finances was one of the biggest stressors that couples face. After completing his education he began coaching and providing Couples Financial Counseling to those in need. His mission is help you work through the money issues in your relationship by creating a safe place to talk about your “money story”. He guides couples through taking a financial inventory, repairing existing issues, planning and structuring your finances, and helps you choose your new future, together. Adam also specializes in coaching couples that are first time homebuyers and those who are engaged and planning a wedding. In both cases two massive money conversations need to take place.
     
    In this episode he walks Rich and Marcus through some of the techniques he uses to help couples dissect and repair their money issues, emotionally and financially. He also provides some tips on how to talk to your partner about money, how to know your triggers, how to break the traditional “money roles” between men and women and lastly, what to do when it seems like nothing is working and someone in the relationship isn’t willing to put in the work to fix money problems.
     
    What To Listen For
    What it was like for Adam, growing up in a homogenized city Having never paid a late fee on a credit card Adam’s love of advocating for clients The positives and negatives couples are dealing with during COVID 19 The importance of giving yourself grace Knowing your triggers and how to remove yourself from a situation The dynamics between the traditional roles of men and women surrounding money Self Awareness is the key to creating change for yourself, that will in turn help change issues in your relationship Reason’s why people don’t talk about money in their relationships and tips on how to change this Having a “Values Mismatch” with your partner Filing relationship bankruptcy and starting over  
    Key Takeaway: By talking about money in your relationship in a safe and controlled space you and your partner and can begin to build an open and honest financial foundation and create a life that’s aligned with your values and goals.
     
    Episode Resources
     
    Paychecks & Balances
    Website: https://paychecksandbalances.com
    Patreon: https://www.patreon.com/paybalances
    Instagram: https://www.instagram.com/paybalances
    Facebook: https://www.facebook.com/paychecksandbalances
    Twitter: https://twitter.com/paybalances?lang=en
     
    Adam Kol
    Website: https://ahkcoaching.com/
    YouTube: https://www.youtube.com/channel/UC7EtOVjeoCcLs-uaj4Ev1aQ
    Instagram: http://instagram.com/ahkcoaching
    Podcast: https://ahkcoaching.com/podcast
    LinkedIn: https://www.linkedin.com/in/adam-kol-4bb34a39/
     
     
     
     

    • 58 min
    Let's Keep Stacking Benjamins ft. Joe Saul-Sehy - PB164

    Let's Keep Stacking Benjamins ft. Joe Saul-Sehy - PB164

    Joe Saul-Sehy joins us on the podcast today. Joe is one of the hosts of the award winning “Stacking Benjamins” Podcast, where he and his co-host OG discuss financial literacy. The show has been running since 2012 and since then, Joe and OG’s goal has been to make finance fun and more approachable. There’s an ongoing joke that “ you won’t learn anything” on Stacking Benjamins, but you’ll be in comfortable setting where money conversations are friendly. Joe, OG and guests on the show often share their money mistakes in the hopes that the listening audience will learn from them.
     
    Part of the podcasts success is Joe’s booking philosophy. He has diverse guests on the show from many different types of ethnicities and financial backgrounds. He believes that everyone has a money story to tell based on the way they were taught about money growing up. It’s from these stories and personalities that we can seek to deeper understand the way money affects the people around us.
     
    Joe’s journey into finance started from his own mishandling of money in his younger years and a pivotal experience of running out of gas with his kids in the car solidified his desire to get educated about money and make a change. In today’s episode you’ll hear Joe’s story on why he started the podcast, why you need to jump in on your big idea, how your weakness becomes a part of your life’s story, how to pick the right people to surround yourself with and more.
     
    Show Highlights
    “Just start ugly” How your weakness becomes your story The importance of your product and feedback from your audience The struggle of deciding between short term solutions that are obvious and long term that are right Why you need to seek out knowledge through books, podcasts, videos etc… Finding the “good people” to surround yourself with Having all the questions, not the answers The importance of diversity in the finance sector  
    Key Takeaway: Everyone has a story to tell and it’s from these stories that we can get a better understanding of why people are the way they are and how their background influences their decision making in money, but more importantly in life.
     
    Paychecks & Balances
    Website: https://paychecksandbalances.com
    Patreon: https://www.patreon.com/paybalances
    Instagram: https://www.instagram.com/paybalances
    Facebook: https://www.facebook.com/paychecksandbalances
    Twitter: https://twitter.com/paybalances?lang=en
     
    Joe Saul-Sehy
    Websites: https://joesaulsehy.com/ https://www.stackingbenjamins.com/
    Twitter: https://twitter.com/SBenjaminsCast
    YouTube: https://www.youtube.com/stackingbenjamins
    Instagram: https://www.instagram.com/stackingbenjaminspodcast/
    Facebook: https://www.facebook.com/IStackBenjamins/
     
     
     

    • 57 min
    What You Should Know About Disability Insurance ft. Colin Nabity - PB163

    What You Should Know About Disability Insurance ft. Colin Nabity - PB163

    Colin Nabity, the CEO of Breeze Insurance joins Rich today for another episode of Paychecks & Balances. Breeze is an Insuretech company that makes it easy for American workers to protect their income through disability insurance. Disability Insurance is income protection insurance, which insures the beneficiary’s earned income against the risk that a disability creates an issue for a worker to complete their job. Founded in 2019, in Omaha Nebraska, “The Insurance Hub of the US”, Breeze set out on a mission to modernize the archaic disability insurance system. Their online application process takes 15 minutes to complete with plans that start as low as $9 a month. Their automated underwriting technology allows them to offer qualified individuals a way to get quick and affordable disability insurance without the hassle of dealing with salespeople.
     
    Most folks misunderstand disability insurance, and in today’s episode Colin walks us through what it is, how it’s different from Workmen’s Comp, and why the current disability insurance system in the US is plagued by long wait times, high fees and is made unavailable by some employers or the government.
     
    Show Highlights
    Why Colin chose Omaha Nebraska as the hub for Breeze, instead of Silicon Valley Only a third of folks that apply for disability insurance through the Social Security Program get approved Workmen’s Compensations vs. Disability Insurance: Getting hurt on the job vs. protecting yourself from an issue or accident that may happen, outside of your job The difference between having your own disability insurance plan and getting one through your employer How disability insurance is taxed Short term disability insurance vs. long term Benefit Amount - How much you will get paid each month Benefit Period – The length of time your benefits will last Waiting Period – The length of time that passes until you receive your first payment Most policies will allow you to customize your timelines and payment amounts How the freelance/gig economy is changing the way people obtain and receive insurance benefits  
    Key Takeaway: Disability insurance may not be something you’re thinking about right now. But for what is most often an inexpensive monthly fee, you can protect yourself financially, if you end up with an aliment or in an accident that prevents you from doing your job.
     
    Paychecks & Balances
    Website: https://paychecksandbalances.com
    Patreon: https://www.patreon.com/paybalances
    Instagram: https://www.instagram.com/paybalances
    Facebook: https://www.facebook.com/paychecksandbalances
    Twitter: https://twitter.com/paybalances?lang=en
     
    Breeze Insurance
    Website: https://lisahylton.com
    Twitter: https://twitter.com/breezeinsurance
    LinkedIn: https://www.linkedin.com/company/breeze-insurance/
    Instagram: https://www.instagram.com/breezeinsurance/
    Facebook: https://www.facebook.com/meetbreeze/
     
     

    • 35 min
    Have You Heard of Real Estate Syndication? ft. Lisa Hylton - PB162

    Have You Heard of Real Estate Syndication? ft. Lisa Hylton - PB162

    On the show with us today is Lisa Hylton, a controller who manages funds that invest in real estate. Lisa currently resides in Los Angeles but grew up in Grand Cayman with her real estate investing parents who eventually influenced her to build a career in the same sphere. Her mission is to educate, inspire and provide opportunities to people around the world to invest in real estate. You can check out Lisa’s podcast “The Level Up REI Podcast” where she delves deeper into the vast world of real estate investing.
     
    In today’s episode Lisa talks about her role as a controller and answers Marcus and Rich’s questions on some of the lesser known real estate terminology and topics out there. She also breaks down and introduces us to expansive opportunities the world of real estate has to offer. We learn the importance of getting educated and understanding real estate by using the resources available to make your money work for you.
     
     Show Highlights
    What a controller does Real estate syndication Discussing paper loss Things to consider before investing Getting your ‘financial house’ in order and being prepared with an emergency savings that is accessible in a pinch Investing for appreciation vs. investing for cash flow 506-C offerings vs. 506-B offerings How to use retirement accounts to invest in real estate The 401K rollover process  
    Key Takeaway: The opportunity to invest in real estate is within reach and can be achieved with the right financial and informational preparedness.
     
    Paychecks & Balances
    Website: https://paychecksandbalances.com
    Patreon: https://www.patreon.com/paybalances
    Instagram: https://www.instagram.com/paybalances
    Facebook: https://www.facebook.com/paychecksandbalances
    Twitter: https://twitter.com/paybalances?lang=en
     
    Lindsay Bryan - Podvin
    Website: https://lisahylton.com
    YouTube: https://www.youtube.com/channel/UCGCl06UySL12jdstEqXjqiQ
    Instagram: https://www.instagram.com/lisahyl
    Podcast: https://podcasts.apple.com/us/podcast/the-level-up-rei-podcast/id1499611126

    • 56 min
    Tackling Financial Anxiety ft. Lindsay Bryan - Podvin - PB161

    Tackling Financial Anxiety ft. Lindsay Bryan - Podvin - PB161

    Lindsay Bryan – Podvin is on the show today. Lindsay is a financial therapist and the founder of “mind money balance”. As the first financial therapist in Michigan, Lindsay’s goal is to help you feel empowered in your relationship with money and to guide you to some kind of financial and emotional balance, when you think about money. She wants everyone to not only be comfortable talking about money, but to feel confident while doing it. Lindsay is the author of “The Financial Anxiety Solution” which is a workbook that helps you interact with your money in a safe and powerful way.
     
    While you’re listening to this episode, check in with yourself. How does your bank account or investment portfolio make you feel? Once you can identify how interacting with your money makes you feel, you can change your thought patterns and behaviors around it and work on achieving greater financial and emotional balance.
     
    In today’s show, Lindsay helps define what financial anxiety is, how to address money conversations with your partner, how to change your long held beliefs about money and how to achieve greater balance emotionally when you look at your bank accounts.
     
    Highlights:
    The career shift from traditional therapy into financial therapy Financial Anxiety – Being overly nervous about your money, whether you lack money or have an abundance of it The different ways financial anxiety shows up in your life and different parts of your body Coping with your financial anxiety by excess spending or saving Why stress and anxiety in moderation can be empowering Expressing gratitude for what you do have Money and Infidelity – The top reasons for divorce Tips for talking to your significant other about money Our beliefs about money are solidified by the time we’re 8 years old  
    Key Takeaway: Financial anxiety affects wealthy people and people struggling to make ends meet, equally.
     
    Paychecks & Balances
    Website: https://paychecksandbalances.com/
    Patreon: https://www.patreon.com/paybalances
    Instagram: https://www.instagram.com/paybalances/
    Facebook: https://www.facebook.com/paychecksandbalances
    Twitter: https://twitter.com/paybalances?lang=en
     
    Lindsay Bryan - Podvin
    Website: https://www.mindmoneybalance.com/
    YouTube: https://youtube.com/lindsaybryanpodvin
    Instagram: https://www.instagram.com/mindmoneybalance/
    Podcast: https://podcasts.apple.com/us/podcast/mind-money-balance/id1506776581
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

    • 47 min

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