millennials

Get A Life You Love On A Budget You Can Afford With Kumiko Love

Raise your hand if you’ve ever said the words, “I don’t want to deal with my money right now?”  Friend, I am right there with you. Especially in those seasons when I had debt or things just weren’t flowing like I’d hope they would be. The truth is, we all face different money seasons and challenges – absolutely no one is immune.

You may know of our guest today, Kumiko Love from the Budget Mom. She’s the real deal, paid off a ton of debt, and has some serious money advice to share on how to live a life you love on a budget that you can afford. Now that’s a tag line I can get behind!

What You’ll Learn

  • What Kumiko’s secret was to pay off $77,000 in eight months
  • Practical ways to move from paycheck to paycheck to money success
  • How Kumiko’s upbringing taught her some of her most important money lessons
  • The ways your finances change after having a baby and how to create a plan on any budget
  • Ways to erase the idea of perfection when it comes to your finances
  • Kumiko’s journey to becoming The Budget Mom

Links

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Summer Money Series with David Waldrop, CFP®

It’s summertime and that means it’s a great time to get your money in check. We’re launching our Summer Money Series with a week filled with great tips to help you with everything from making money blogging to supercharging your investments to top-secret tips to help you save money on your next hotel stay.

Get your money in shape this summer with tips from David

We’re kicking off the week with an interview with fellow CERTIFIED FINANCIAL PLANNING Professional, David Waldrop. David has his own financial planning firm in Northern California and a great heart for helping everyone succeed on their financial journey.

On This Podcast Episode:

  • Hear what David thinks you should do with your 401(k) when you leave your job
  • We’ll discuss one reason why your retirement funds might not be performing up to par
  • Understand why David’s advice on giving yourself a raise could change your financial direction
  • Find out what one tip David thinks is important to getting your money in shape this summer

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

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Should You Invest in the Stock Market

Should you invest in the stock market?

There are a million different articles that all talk about the right and wrong time to get in the market, but one thing that always stays the same is the end result…yes, you should invest in the stock market.In this lively podcast interview, I chat with Jane Barratt, CEO of GoldBean, about why you should invest...even if you only have a little to invest.

Jane Barratt, CEO and Founder of GoldBean, joins me on this podcast for a lively discussion answering the question, “Should you invest in the stock market?” Jane has a wealth of experience, and her company is up to some pretty cool things in terms of what they offer for new and more advanced investors.

In this podcast we’re covering:

  • Should you be in the market even if it’s scary
  • Why investing buys you options in life
  • The overlooked run of +/- 6% and how you can use that rule to radically change your spending and saving patterns
  • What should you do if you’re in your mid 30’s, been investing for a while, but aren’t sure what the next steps are you should take
  • Demystify some of the crazy investing terminology

For more money tips, follow me on Instagram @millennial_money and Twitter @shannahgame.

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Travel the World With Your Tax Return

The IRS reports that the average tax return this year will be $3,053. That means it's time to get out and explore. There has never been a better time to travel than now, and we've got 10 International locations that are offering trips for under $3,000 per couple.

Tax Return High-Five

I’m just going to say it. There’s never been a better time to travel the world with your tax return!

You know that feeling. You open the mailbox and there is your bright and shiny tax return. The IRS reports that the average return for 2016 will be $3,053 – which is good news for you. If you’re expecting a big return, the question remains, what should you do with your tax return?

Hey, I’m all about making smart money decisions. My advice is always to take half of your return and do something intelligent with it – like pay down your debt, build up your emergency fund, or invest it wisely. However, I’m also a fan of using the other half for doing something special, like taking a trip internationally.

We’ve (me and my hubby, Jeff) put together a great podcast with a ton of tips about where you can go as a couple for under $3,000. (more…)

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5 Ways Your Boss is Helping You to Retire

When it comes to you job, it's not just about your salary. There may be lots of other ways your boss is helping you retire by offering some awesome perks. It’s easy to think that your boss is only looking out for themselves. Let’s face it, we’re all overworked and underpaid. However, there are probably some super awesome ways your boss is helping you retire that you don’t even know about.

Based off an article in U.S. News, there are 5 Ways (if not more actually) that your boss might be helping you to retire.

Things like matching funds in your 401(k) and funding a portion of your health savings account. All of those items don’t increase your salary, but it is still extra money that is growing for your financial future.

In this podcast, I had the opportunity to interview Jeanne Thompson, VP of Thought Leadership at Fidelity. Jeanne spends her days educating people about retirement planning and is an expert on Financial Wellness. In case you don’t know, Fidelity is a leader in the retirement sector (in fact, you might just have your 401(k) or IRA with Fidelity). (more…)

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50 Jobs in 50 States: Interview with Heath & Alyssa Padgett

50 Jobs in 50 States: How to Have an Unconventional CareerWould you trade your job to travel in an RV with your spouse…and film it? Heath & Alyssa Padgett said yes for their new documentary, Hourly America.

When Heath & Alyssa Padgett got married, they decided they didn’t want the traditional honeymoon. Instead, they ditched their 9-5 jobs and headed out on an adventure in a tiny RV named Franklin. Heath & Alyssa traveled to 50 states and did one job in each state while Alyssa filmed the journey for their documentary, Hourly America.

While you might be thinking, “Sure, that’s easy to do if you have a trust fund,” they are quick to share all of their financial lessons from along the road, including the fact that they had to become quick entrepreneurs to fund this journey. What started as a unique honeymoon adventure has turned into a budding business for these two who continue to live and travel in their RV.

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Heath & Alyssa are in the final stages of putting together their documentary and have turned to us to help fund Hourly America. I don’t know about you, but I’d love to see this go mainstream. I can’t imagine how a newly married couple could live in an RV for over a year, let alone add in the pressures to film, work and document their life.Screen Shot 2016-01-15 at 1.54.34 PM

Hopefully, their story inspires you to take a risk and not settle for the status-quo. If there’s a dream career you’ve been wishing for, today is the day to chase after it. Take a risk, be brave, try something new…and ask yourself, “What’s the worst that could happen?” My guess is that you’ll probably uncover hidden talents that you possess and a whole new world that was waiting for you to discover!

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I’m Putting You Down as Beneficiary (Here’s What You NEED to Know)

beneficiary Naming someone the beneficiary of your 401(k) or life insurance policy is a big deal. That person could inherit however much money you’ve worked hard to accumulate.

What happens far too often though is someone in their 20’s and 30’s might name their boyfriend or girlfriend, or even their best friend, and then simply forget to change it when they broke up or decided they no longer wanted to friends (yes, friendship can be fickle.) This is bad news if something happens to you. Despite your boyfriend or girlfriend begin your worst enemy, if you were to pass away and they were named the beneficiary then…you guessed it…they get your loot with no questions asked.

Ouch!

There are a few things you’ve got to know before you name someone as your beneficiary, and I’ve got them all ready to share with you in this podcast.

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So You Want to Save $1000 in 6 Weeks…Here’s How

SAVE 1000So you want to save $1,000 in 6 weeks. Think it’s impossible? Think again!

When one of the listeners from my Millennial Money iTunes podcast contacted me to help her meet this goal, I was so excited to  get a plan in place to not only hit the goal but beat the goal.

In this podcast, I discuss how she did it, and how you can as well. With just 6 simple steps in under 6 weeks, she was able to save over $1,075 and the challenge hadn’t even ended yet. She was confident she could save another $150ish before the 6 weeks was up.

Check out the podcast episode below

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How to Save Tons Traveling During the Holidays

How To Save TravelingAccording to a survey by Hotwire, one-third of millennials plan to travel in 2015, and the millennial generation has set aside a whopping $226 billion dollars to do so. There’s something about us millennials, we love to travel. Do you think it’s because we are restless and always on the move? Whatever the reason is, we are planning on spending a ton of money to “go places” this year, and most of us plan to use those dollars for end-of-the-year holiday travel. But you’re probably just like me and would rather travel more and spend less, right? The question is, how do you save tons traveling during the holidays?

As much as I’d like to take credit for coming up with some genius ways to save money when traveling, I simply can’t. There aren’t any top-secret secrets that I have, except that what I’ve learned over the years has been from trial and error, and believing that there is always a way to do what I love and spend less money. That doesn’t mean I’m cheap, or that I don’t like to stay at luxury hotels. No, no, don’t get me wrong. I love to fancy hotels, great beds, and those fluffy robes just like you do. (more…)

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