Millennial Money Tips

The Top 10 Money Mistakes I’ve Made


I’m going to be the first to admit that I’ve made a money mistake or two in my past. It has taken me a while to embrace all my money mistakes and learn that they shape who I am – not define who I am. You asked, so I want to deliver sharing my top 10 money mistakes.

This Episode

Wow, I’ve made so many money mistakes I had trouble coming up with my top ten. Working with a lot of people, helping them with their money over the last 12 years, I can tell you with certainty that everyone makes money mistakes (and that doesn’t make them a bad person). There is this terrible disease going around where people feel like they have to be “perfect” with their money and that couldn’t be further from the truth!

What You’ll Learn

  • Money mistakes are a part of life (so time to get over yours)
  • How to recover from some of the “worst” money mistakes
  • Why you should be making money mistakes
  • How to embrace your past money mistakes so they can empower your future

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Ask Shannah

Have an Ask Shannah question, submit it here

Sunday Seven Email Club

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

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You’re Not Lost With Maxie McCoy + Ask Shannah

Have you ever felt lost? I sure know I have, and I’m guessing you have as well. Whether you feel lost in your career, your finances, your relationships or just in life in general, this podcast episode should be one you keep on rotation. Author and all-around amazing chic, Maxie McCoy, is bringing some of her best knowledge and tips from her upcoming book, You’re Not Lost: An Inspired Action Plan for Finding Your Own Way.

On This Podcast Episode:

We’re starting things off with a very relevant Ask Shannah question from Jane who is searching for answers for feeling lost financially. While there aren’t any magical solutions, I share my two tips for helping you find your way.

From there, Maxie drops her wisdom about how you can proactively find your way from feeling lost to found in her new book, You’re Not Lost.

One of my favorite tips she shared was the idea of starting small – something we all know we should do but so seldom do. And, her advice about getting insights from your friends is one of the most revolutionary steps I’ve taken this year to change my approach to just about everything – so I know it will work for you too.

You can pre-order Maxie’s book You’re Not Lost today!

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean 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!

Have an Ask Shannah question, submit it here.

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Your Money Thoughts & Their Special Powers with Michelle Bobrow + Ask Shannah

There’s really no easier way to say this – your money thoughts have as much of an impact on achieving goals as the actual “how-to’s” and practical advice about money. This is the message I’ve shared since the beginning of the podcast, and it’s one that Michelle Bobrow from the Holistic Wallet shares as well.

On This Podcast Episode:

Meet Michelle Bobrow. She’s built a whole brand around mind shifts in all areas of our lives, but particularly finances. Michelle focuses on money psychology to integrate healthy and balanced financial habits into our lives.

Through strategic planning and mindful coaching, Michelle turns numbers into a work of art as she designs holistic budgets and sustainable systems for you to pay off your past, save for your future, and enjoy the present. (YES, that’s what I’m talking about).

We cover some good points:

  • How the recession impacted her as a college student at the time and the lesson she learned
  • How you can begin to create powerful money shifts right away
  • Why non-judgmental talk is the best kind of talk around money
  • How you can create an awareness of what makes you feel good and what makes you feel like crap around your finances

Thanks To Our Episode Sponsor:

Thanks to Udemy for sponsoring this episode. Go to http://www.ude.my/mymoney right now and get ninety percent off when you sign up for classes! You will not find a better price, so sign-up for classes NOW.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean 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 Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Summer Money Checklist + Happy Birthday Shannah

Today’s episode was inspired by a listener question wanting to know how to use their summer hours to check some items off the good ole’ money checklist – the only problem is where to start. Your summer money checklist can be comprised of anything that you want to accomplish – but remember to keep it simple and relatively easy to accomplish so you’ll make sure and stick with it.

On This Podcast Episode:

I’m dishing some of my favorite items that can go on your summer money checklist:

  • Update your goals
  • Check on your beneficiaries
  • Boost your credit score (or check it out)
  • Give your 401(k) a little love
  • Negotiate a bill

These are my favs, but you can choose anything that you’d like to get checked off your list this summer. Think about all those loose ends that you haven’t tied up yet.

Also, we’re celebrating my birthday on this episode, and Jeff is joining us for a lightning round of questions all about me. Find out why we’re talking about Kenny Rogers and animal crackers and so many more funny questions thrown my way.

Episode Sponsor:

Thanks to Brooklinen for sponsoring this podcast episode. Get $20 off AND free shipping when you use promo code [mymoney] at Brooklinen.com.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean 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!

Have an Ask Shannah question, submit it here.

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Overcoming Industry Stereotypes In Your Career with Mary Beth Storjohann + Ask Shannah

No matter what career you’re in likely there are a few industry stereotypes that you have to overcome. Being a CERTIFIED FINANCIAL PLANNER is no different – especially being a female in this industry. Mary Beth Storjohann is a leader in the CFP® world, a podcaster, a mother and so much more and joining on Part 1 of this podcast episode to discuss how she’s overcoming industry stereotypes and how you can as well.

On This Podcast Episode:

Mary Beth Storjohann, CFP® and Founder of Workable Wealth is an author, financial planner and accountability coach working to help clients in their 20s-40s across the country make smart, educated choices with their money. Her recent accolades include the “Top 40 Under 40” by Investment News, “10 young Advisors to Watch” by Financial Advisor Magazine, and “10 of the Best Personal Finance Experts on Twitter.” She frequently appears on NBC as a financial expert and her expertise has been featured in The Wall Street Journal, CNBC, Forbes and more.

She’s joining me on Part 1 of this podcast episode to dish about career stereotypes that we’ve both faced and dishing about some of her favorite tips that women need to be aware of to build a strong financial future.

You can check out Part 2 of this podcast on Work Your Wealth Podcast

You can connect with her via Twitter @marybstorj, on Facebook, or via Instagram.

Shout Out to Our Podcast Sponsors:

Big thanks to Wing and Audible for sponsoring this podcast episode.

Audible.com/mymoney to get started today! The book I mentioned was called One Up on Wall Street.

Wingalpha.com – SIGN UP and enter code MYMONEY to get $25 off your first phone bill!

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us.

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 Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Ask Shannah -What Are The Downsides To Extreme Personal Finance

I’m dedicating today’s podcast episode to an Ask Shannah question that came in a couple of weeks ago from Tabitha and Robert:

“Hey Shannah, I’m reading a lot of articles that talk about the extreme side of personal finance and I find myself falling prey to the stereotypes that I’m not succeeding in my finances unless I’m 100% debt-free and that just seems impossible to me. I read all these articles about people who are retiring by 40 and paying off massive amounts of debt, but I’m not sure that’s the vision I have for my life…please provide some insight.”

On This Podcast Episode:

The topic of extreme personal finance is one I have a lot to say about. I’m breaking down the good, the bad, and all the in-between on this episode in what I hope will be a thought-provoking discussion about the journey to be 100% debt-free.

In fact, I recently was quoted in a U.S. News & World Report article about this very topic with some other like-minded CFP® professionals who share my viewpoint and had some very insightful knowledge to add to the topic.

Shout Out To Our Podcast Sponsor:

Hosts Austin Knight and Matthew Howells-Barby take you on a journey of discovering what cryptocurrency is all about in The Decrypting Crypto Podcast. Search for ‘The Decrypting Crypto Podcast‘ in your favorite podcasting app to start listening.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean 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 Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Two Ways to Do Money Differently with BankMobile and Better Mortgage & Ask Shannah – My Career as a Female CFP

It’s 2018, and if you ask me, it’s time to do things better and definitely more affordable. Thanks to technology, we’re seeing a lot of our money transactions transform before our eyes.  Think about how we save money with apps like Acorns, invest online with companies like Betterment, and on this podcast episode we’re talking about redefining the banking and mortgage process with two companies (BankMobile and Better Mortgage) that are using technology to do it better!

On This Podcast Episode:

This episode is dedicated to doing money things better. We’re introducing you to Luvleen Sidhu from BankMobile and Vishal Garg from Better Mortgage to unlock your thinking about two industries that were in dire need of some serious modernizing.

Luvleen Sidhu had enough with big banking fees and wanted to do it differently. In 2013, Americans spent $32 billion on overdraft fees, which is three times as much as they spent on breast cancer and lung cancer combined and more than they spent on vegetables. Additionally, the underbanked spend approximately 10 percent of their salaries on fees for alternative financial services. Together with her father Jay Sidhu, she launched BankMobile in January 2015 to offer this banking experience all through a smartphone or tablet device, utilizing cutting-edge technology to make banking seamless. BankMobile offers completely fee-free accounts—checking, savings with a guaranteed higher savings rate than the top four banks in the U.S., and line of credit, access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the U.S., which is more than 400,000 ATMs), a personal banker for all customers, and a free financial coach for VIP customers.

Vishal Garg is the Founder and CEO of Better Mortgage, working to make the mortgage process simpler, faster and much much better for all Americans – especially the new generation of first-time homebuyers (aka millennials). Better is a digital mortgage company focused on improving access to home financing. They’re using tech to make home buying better by speeding up the process, bringing down the cost and ensuring our customers get the best possible mortgage. Their mission is to make home buying more affordable and accessible for everyone. And that’s built into Better’s DNA – from their zero commissions approach to their 100% transparent process.

Ask Shannah – My career journey as a female CFP® – it hasn’t always been easy but it’s been one of the best decisions I’ve made. Read more about my journey here.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean 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!

Have an Ask Shannah question, submit it here.

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101 Questions You Need to Ask in Your Twenties? Paul Angone + Ask Shannah How Should I Divide Up My Savings

Have you ever found yourself asking baffling questions like:

  • How do I grab fear by the ears and snarl at it?
  • What is my anxiety telling me?
  • What are the pivotal plot points of my life?

You and me both! We’re going to get answers to some of those questions on this podcast episode and hopefully inspire you to continue being the best version of yourself.

On This Podcast Episode:

Paul Angone, the author of 101 Questions You Need to Ask in Your Twenties, is joining us to dish some of his favorite questions from the book as well as wisdom he found to answers some of those often difficult questions.

Paul is the creator of allgroanup.com and read by millions in 190 countries. He is the author of the best-selling book 101 Secrets for Your Twenties, All Groan Up, and his newest book 101 Questions You Need to Ask in Your Twenties.

Ask Shannah question: How should I best divvy up my savings if I’m already a good saver?

Shout Out To Our Sponsor:

Audible is offering Millennial Money listeners a free audiobook with a 30-day trial membership. Just go to audible.com/mymoney and browse the unmatched selection of audio programs – download a title free and start listening. Go to audible.com/mymoney or text Show URL to 500-500 to get started today.

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:

Smart Millennial Money Moves to Make

You’re already working on budgeting and saving your money and you’re wondering, “Ok, what should I be doing next.” No matter where you are on your money journey, just starting our or onto move advanced planning, it’s always a good idea to remind yourself of some of the smart money moves that you should be making.

On This Podcast Episode:

I’m talking all about the three smart millennial money moves that you should be thinking about as we roll out of this year and into a new year.

  • How to Think Outside the Box with your finances
  • Why you need a CYA (cover your a**) plan in place
  • The steps you need to take to Build Yourself a Roadmap so you know where you’re going
  • How to create a money system you can stick with each month

Links Mentioned:

Shout Out to Our Sponsor:

Freshly is a weekly prepared-meal service that delivers fresh (never frozen) all-natural meals, developed by their team of chefs and nutritionists. They’re fully cooked so all you have to do is heat ‘em up—each meal is ready to eat in only 3 minutes.

Try Freshly today and get $40 off your first 2 weeks. It’s Freshly’s best offer ever and is only valid for a limited time. Just go to freshly.com/millennial to save $40 on your first 2 weeks of deliveries or enter code millennial at checkout. Order today and skip the grocery shopping, meal prepping and cooking. Shipping is always free.

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!

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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.

 

 

You’re Killing Us, Equifax

This is my breakup letter to Equifax. There was news this week that there *might’ve* been another breach with Equifax and it sent shockwaves again through the financial community. Luckily, they have confirmed there was not another breach, but it proves why staying on top of your credit is one of the smartest money moves you can make.

On This Podcast Episode:

  • Let’s review again why your credit score matters…forever
  • What you need to know about breaches and how to avoid them (hint, you can’t)
  • Learn some steps to take in hopes of safeguarding your credit
  • How to notify the bureaus when there’s been a breach on your account

Mentioned On The Podcast:

Matt Schulz, CreditCards.com‘s senior industry analyst advice on the supposed breach:

“This new announcement from Equifax is just Reason No. 10,000 why consumers should assume their personal information is already out there and act accordingly. It’s a scary thing to wrap your brain around, but the truth is that you’re better off assuming the worst and taking steps to protect yourself.”

Take advantage of your free credit reports from AnnualCreditReport.com, but also know that Americans have never had more access to credit scores and reports than they do today. Many major credit card issuers provide free FICO scores. Apps like CreditCards.com‘s Score and Report give you regular access to your credit score and your credit report. The tools are out there, and it’s important to make use of them.”

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!

Want More:

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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