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Journey To Launch

028- Finding The Right Balance Between Your Income & Expenses with the Paychecks & Balances Duo

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 17 January 2018

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When developing a solid financial plan, it’s important to look at how you can generate the most income while being conscious of your spending. Marcus and Rich from the Paychecks and Balances podcast aim to help people look at both sides of their balance sheet, their income and their expenses.

I really enjoyed interviewing Marcus and Rich as we covered a variety of topics such as how to; negotiate pay raises, pay off debt and the importance of being able to enjoy yourself while on your financial journey.

This is a very informative yet light-hearted episode for those of us who want to accomplish our financial goals while not feeling guilty about spending on the things we value.

Here are the main topics we talked about in the episode:

  • Rich and Marcus
    • Their backstory
    • How they became more conscious of their money habits
    • The meaning of their podcast
  • Making the most of your paychecks
    • The importance of understanding where your money is going
    • Automating your savings
    • Negotiating your salary
  • How to negotiate your salary
    • Why people are afraid to negotiate
    • The importance of doing your research
    • Making the most of your company’s benefits
    • Using a cost of living calculator
  • Taking action
    • How to be proactive and not reactive
    • Why it’s better to start now rather than later
    • How to live the 80/20 lifestyle
    • Why it’s important to be responsible but also enjoy yourself
  • Being in debt
    • Marcus’ journey managing debt
    • Why the easiest part is making a plan
    • Making sure getting in debt is your choice
    • Rich’s story with debt
    • Why people want to be debt free
    • The difference between good and bad debt
    • Credit card debt vs student loan debt

Other related blog posts/links mentioned in this episode:

Connect with Marcus & Rich:

Connect with me:

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to episode 28 of the Journey to Launch Podcast,

0:04.6

how to increase income and manage expenses so that you can find the right balance in your finances.

0:11.2

T-minous 10 seconds. in your finances. Welcome to the Journey to Launch Podcast with your host Janila Sufrant as a money expert who

0:19.7

walks her talk.

0:21.2

She helps brave journeyers like you get out of debt, save, invest, and build real well.

0:28.0

Join her on the journey to launch to financial freedom in five four three two one

0:40.8

welcome welcome back to another episode of the Journey to Launch Podcast. This

0:45.8

episode is going to be a special treat, especially if you like Personal Finance

0:50.0

Podcast, which I assume because you're listening to this one, but I have some awesome

0:54.9

guest on. I have the duo from the Paychecks and Balances Podcast, Rich and Marcus, and

1:01.3

so that's going to be a real fun treat for you guys.

1:03.6

I had a great time talking to them.

1:05.6

But before we hop right in, just some housekeeping.

1:09.4

One, if you are enjoying this podcast,

1:11.9

if this is your first time listening and you need to try it out for a bit, that's okay.

1:15.0

Listen, listen to this episode, go back and listen to a couple more.

1:18.6

But if you've been listening and you enjoy the podcast, please rate, review, and subscribe if you listen on iTunes that helps with

1:26.1

the visibility of the podcast and listen. If you don't listen in iTunes or on Apple product,

1:31.6

totally fine.

1:32.8

You can find this podcast anywhere, so as long as you're sharing this with your family

1:36.6

and friends, sharing it on social media, get the word out there about Journey to Launch if you're

1:41.2

enjoying the content.

...

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