Music Chat With Mat Kearney and Ask Shannah - I Don't Have a 401K at Work

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 22 February 2018

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

We all have talents - some may be already tapped talents and some may yet to be extracted from inside of us. What if you never discover the talents you have inside of you and never chase your dreams? Singer/songwriter Mat Kearney did not discover his amazing musical talents until he was midway through college at Chico State in California. Now, this Oregon-born singer-songwriter continues to break down musical barriers with his soulful genre-bending blend of hip-hop infused style of music with his new self-titled EP and upcoming album. On This Podcast Episode: Mat Kearney stopped by the Millennial Money podcast as was in the middle recent rehearsals in Nashville for his upcoming national tour to chat with Jeff. We loved hanging out with one of the all-around great guys in music today, as we chatted about his upcoming CRAZYTALK album and current tour, stories of opening for John Mayer early in his career and how fatherhood has changed his songwriting. Also, today's Ask Shannah question is all about not having access to a 401(k) at work from Angela. Links Mentioned: Mat Kearney CRAZYTALK Tour Instagram Grey’s Anatomy featuring Mat Kearney Thanks for Tuning In: Thanks for tuning in to listen to this episode of Millennial Money. Every listen means so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast. Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome! Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Brunch Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun! Want More: Shannah on Twitter Shannah on Instagram Jeff on Twitter Jeff on Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, I'm Shawna Compton Game.
0:01.9	This is Millennium Money, and today we have an awesome Millennium Money chat with Matt Carney
0:06.6	and an ask Shauna question, what in the world are you supposed to do if you do not have access to a 401k at your work? Millennial Money with Shawna Compton Gain.
0:31.6	It will expand your brain.
0:52.2	So today's Ask Shauna question is a really good one because I think it's probably more the reality now than ever.
0:55.4	And this was sent in from Angela and she says, hey, I love the podcast.
1:03.1	I have a burning question. I just got a new job. Yay for me. But it doesn't offer a 401k. Through my research,
1:08.8	I've seen about 10 to 15% of my income should go to savings for retirement. Yes, this is my full-time job so I have no 401k nor retirement savings. I've
1:13.2	arbitrarily picked 12%. That comes to about $5,040 a year. Now, since I'm doing this alone, where is the
1:20.7	best place to put this money? I've seen IRA, Roth IRA, but I really have no idea. Please,
1:26.2	please help. Thanks, Angela. Angela, that is such a great
1:30.8	question. Thank you so much for writing in. And, you know, awesome for you, I think, for really
1:36.3	thinking this through. You know, I'm not sure when I got my first job that I was thinking about,
1:41.2	you know, what is the ideal amount of money that I should be saving for
1:44.6	retirement? I'm not even sure that was, you know, really in my frame of mind. So I think it's so
1:50.6	fantastic that you're taking this step in this initiative. And I think that just shows, you know,
1:58.2	that you take this seriously, which is great because if you start saving when you're
2:02.3	younger, I mean, I just, I'm not going to lie to you. The numbers, it's a numbers game. And the numbers
2:07.3	usually work out way more in your favor if you start saving, you know, a pretty good chunk of your
2:13.9	take-home pay when you're in your 20s versus when you're in your 30s or your 40s or your 50s or later on. You know, it just takes a lot more money to get you to
2:23.4	a place where realistically you can have a big sum of money that you can use for
2:29.5	retirement, you know, and I know that word seems like something that is so amazingly far away and
	...

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