Can your mind make you broke? Have you ever made a money decision that you regretted later? I’ve made about a million of these over the years, but I’ve also learned how powerful your mind is when it comes to money. The real question is then, can you trick yourself into being broke or being wealthy.
We’ll uncover these answers and the most common money mindset traps in this reboot episode.
What You’ll Learn
The four negative mindset traps that can actually make you broke
How to recognize the mindset traps and what you can do to strategize against them
Why you need to define what success means to you and how that might be affecting your bank account
My own stories of powerfully connecting my health with my wealth and what I’ve learned
Why you should have your own version of the “24-hour” window before you make big purchases
How a “f**ck it bucket” can give you options in life when you need them the most
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
The personal finance world is full of rules and things that you should and shouldn’t do with your money. These rules lead to stress, frustration, and competition and honestly, make you feel like you aren’t doing enough, you don’t have enough, and you’ll never be able to fully be happy with your money situation. This is so not true. If you’ve ever made a money mistake, which we all have, this episode is for you.
What You’ll Learn
Why we all make money mistakes
How to recover from a money mistake
Why your money mindset is key when you make a mistake
How to deal with debt
Why it’s OK to miss the “best investment” opportunity
How to keep yourself calm when you do make a money mistake
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
Look around you right now. What do you see? Is your home filled with things that set the stage for the life you want to live, or is your home just filled with stuff? Our podcast guest, Lisa Tselebidis, a professional organizer, and KonMari certified consultant is sharing her system to have what she calls a profound tidying festival, how tidying up can help with your mindset, and eight ways tidying up can be financially beneficial to you.
What You’ll Learn
How to set the stage to live your envisioned life free of distraction
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
You want to get in shape. So you go to the gym, maybe you take up running, and you decide to eat better. Each day you make a conscious choice to move in that direction of getting in shape. Some days you might not feel like it and maybe you take the day off or splurge on a donut, but generally, you’re moving in the right direction. Each day you’re taking a new step to help you get there.
Growing your money is the same thing. As Brian Barnes, CEO and Founder of M1 Finance shares, to invest with knowledge and not emotion is about more than just the one-time decision you make and more about the steps you take every day!
What You’ll Learn
How to create money habits that stick
How to set up a money system that works for you (and is easy)
How to create an “investing decision-making tree”
How to reduce friction with your finances
Why M1 Finance is a super app
Why most people have the same needs and wants when it comes to money
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
According to the Pew Research center, only 52% of Americans invest in the stock market, and 88% of them have incomes over 100K. Investing, even just 10 years ago, felt like something that was unattainable, confusing, and scary.
Thanks to apps like Public.com, the stock market is becoming democratized and using the power of social investing to change the game. Why not use this year to finally learn how to start investing? Our guest Katie Perry, VP of Marketing for Public.com, is here to share the power of using a social investing app that makes the stock market inclusive, educational, and fun.
What You’ll Learn
The power of social investing
How to start investing without fear
How to use the social community at Public.com to find companies to invest in
What role does financial literacy have in teaching you to invest
How the democratization of the stock market and implementation of community fosters responsible investing behaviors
What role does risk play into your investing strategy
Katie’s investing lessons that she’s learned while working at Public.com
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
So, 2020, you’ve been a bit of an interesting year…but interesting doesn’t always mean it’s bad. Depending on what is going on in your world, now might be the right time to buy a house, believe it or not. What do you need to know, what credit score are you aiming for, how to secure the best loan, and countless other important details coming in this episode with Anthony Sherman, co-founder, and CEO of Simplist.
My Home Journey
I bought my first house when I was 24 and probably had no business buying a house. I thought I was rich because we had saved $10,000 and somehow convinced my parents to lend us some more money for the downpayment. We had been pre-approved for a home loan of $350,000. If you know anything about real estate prices in Los Angeles, $350,000 doesn’t get you much now, but it did over ten years ago.
I remember when we walked into our house on an open house tour. It’s true, the house does pick you! I fell in love with this little 1960s bungalow and all its unique features. There was a brick flooring in a little alcove and wood ceilings and the best backyard I could hope for.
The home buying process was grueling for someone who obsesses about numbers, but at 24, I didn’t think very much about it…I just wanted the house. I will say, there are a few things I learned about the process that can help you.
Buy ONLY what you can truly afford (because stuff breaks right and left and you need cash to fix it)
Find a house that still allows you to save and invest
Find a house that has resale value (because you aren’t going to live in it forever)
Look at a ton of houses…it helps you figure out what you really want
Make sure three things are up to snuff: the roof, the windows, and the plumbing. (We spent over $25K to fix the plumbing just under a year after buying the house)
Don’t forget to budget for yard work
Sacrificing for your house is sometimes necessary, just make sure you can still have money for some fun
I’m sharing a bit more about my home buying journey in this episode, so enjoy!
What You’ll Learn
Is now the time to be looking for a new house
What credit score do you need in 2020 to get the best interest rates
How and why to get pre-approved for a mortgage
How to get a mortgage if you’re self-employed
What happens if you lose your job while you’re trying to buy a house
Best money practices to set yourself up for a mortgage
I share my own journey of buying a house
Episode Sponsor
Thanks to Indeed for sponsoring this episode. Try Indeed out with a FREE SEVENTY-FIVE DOLLAR CREDIT at Indeed.com/MYMONEY. This is their BEST offer available ANYWHERE!
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
How does debt make you feel? Maybe you feel anxiety, stress, fear, outrage, or even depression when you think about your debt. If this is you, please, first know you are not alone in these feelings. Debt is one of the #1 reasons for anxiety and depression and has even been described as a heavyweight that is pushing down on you every second of the day.
Melanie Lockert, the brains behind the successful blog Dear Debt, and the Mental Health and Wealth podcast, is sharing her story of dealing with debt, depression, and how she paid off over $81,000 in the process.
What You’ll Learn
Tricks to help you deal with anxiety and depression around money
The connection between debt and mental health
How to use side hustles to pay down your debt
Melanie’s story of paying off $81,000 of debt
How Melanie built a career sharing her debt journey
The art of finding joy, beauty, and pleasure each day
Thanks To EveryPlate for sponsoring this episode. Get 3 weeks of EveryPlate meals for only $2.99 per meal by going to EveryPlate.com and entering code mymoney3.
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
I’m not quite sure, but somehow a million dollars became the marker of success. I can remember when I was younger saying I’m going to make a million dollars and then stop working and move to a tropical island. (I can dream, right).
The truth is a million dollars today is not what it used to be, but what you can do is start making million-dollar choices with your money. This doesn’t mean a million is going to drop from the sky, but if you put your mind in million-dollar mode, you’ll already be ahead of the game. How do you start making million-dollar choices – good question, listen in, and I’ll let you in on the secret.
What You’ll Learn
Some sobering stats about the wealth gap
Six steps to start making million-dollar choices
Why you need to ditch a budget and get a money flow plan
How toxic thoughts and relationships might be keeping you from money success
The exact steps you need to start paying off your debt
Ways to diversify your income, investments, and your thoughts
Episode Sponsor
Thanks to EveryPlate for sponsoring this episode. Get 3 weeks of EveryPlate meals for only $2.99 per meal by going to EveryPlate.com and entering code mymoney3.
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
Student loan debt in 2020 hit a record and is now about $1.56 trillion and growing. If you have student loan debt, I can bet you’d do just about anything to get it paid off. You might also feel a great deal of anxiety, maybe even depression, or anger towards your student loans. No matter how much you owe, you’re probably wondering how to pay off your loans FAST.
Robert Farrington, the creator of the brilliant website The College Investor, is here to share what you need to know about your student loans in 2020 and beyond.
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
Do you look at the list of things you want to do with your money and break out into sweat not knowing what to do first, and when to do it? If you’re shaking your head yes know that you are so not alone. That is what makes money so interesting and so tricky at the same time. Not to panic though, our guest Kennedy Reynolds from Acorns is here to help you learn how to maximize your money to work for you instead of against you.
What You’ll Learn
How to make investing work for you
Easy ways to track your money each month
Why personal finance education is a difference-maker
The ins and outs of Acorns and how you can start investing with spare change
Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.
