Saving

What Nobody Tells You About Your Money

I’ve been fortunate enough to be a guest on a lot of different podcasts lately where I get to share my own money story. Inevitably, I’m always asked, “What is your best money advice.” I love that question because it gives me a chance to talk about those things that seemingly no one talks about when it comes to your money.

On This Podcast Episode:

Working with people over the last 12 years, I’ve seen a lot about how people manage their finances – the good and not-so-good ways. What I have learned, regardless of the income, is there are a lot of things that no one tells you about your money.

In this episode, I’m dishing my top five things that I believe no one really talks about when it comes to money but really should. I think if we did, maybe we might all be able to breathe a sigh of relief.

Shout Out to Our Podcast Sponsor:

Thanks to Audible! Audible is offering MM 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 mymoney to 500-500 to get started 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!

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 – I’m Moving Without a Job, Starting Grad School, & Just Got a Big Promotion

It’s time to tackle some more of your Ask Shannah questions. On this podcast episode, I’m going to be giving some tips and suggestions for making cross-country moves, starting over somewhere fresh without a job and what to do with extra cash when you get a big promotion.

On This Podcast Episode:

I’m chatting about three awesome questions in this podcast episode. Tune in to hear my suggestions to these questions:

  1. I’m moving to a new city, quitting my job, and looking for a new job. How can I best manage my money during this time?
  2. We’re moving cross-country with our cat to start a new master’s degree program. How can we set ourselves up and make smart money moves during this transition?
  3. I just got a big promotion at work and now I’m trying to figure out if I should put that money into a 401(k) or towards my student loan payments. What do you suggest?

Shout Out To Our Sponsor:

Thanks to ZipRecruiter for sponsoring this episode. Right now, my listeners can try ZipRecruiter for free.  That’s right FREE! Just go to ZipRecruiter.com/mymoney!

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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From Financial Disadvantage to Being Empowered with Warren Hogarth + Ask Shannah

You’d think when you arrive in the U.S. getting set up financially would be easy. Not so fast. When Warren Hogarth of Empower came to the U.S. from Austrailia in 2004 he quickly realized he was at a disadvantage with all things financial – getting credit and building your credit was no easy task.

On This Podcast Episode:

I had a candid conversation with Warren about his transition to the U.S. and how “the system” attempted to keep him down when it came to his finances. Luckily, he’s sharing some of the money lessons he learned during that time as well as the journey he’s taken to turn the disadvantages into a new app,  Empower.

Warren spent eight years as a Partner at the #1 VC firm in the world, Sequoia Capital. They’ve invested in companies like Square, LinkedIn, WhatsApp, and AirBnB, and Warren stood shoulder-to-shoulder with founders to build large, enduring businesses (3 went from zero to over $1 billion).

If you take away one thing for this episode, it should be his best piece of money advice (stay to the end of the episode to hear his inspirational take away).

Shout Out To Our Sponsor:

This episode was sponsored by The Decrypting Crypto Podcast. As Warren said in the podcast episode, learning all you can about Crypto will keep you educated and in a position to make smart money moves. There’s no better podcast than The Decrypting Crypto to help you do just that! Subscribe today in iTunes or any podcast platform.

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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Saying I Do – Wedding Do’s and Don’ts with Bridechilla Host Aleisha McCormack

The average cost of a wedding in the U.S. is $33,391 according to Business Insider and from my experience, many of us spend money on items in our wedding that might not be the most beneficial to our bank account. I recently was a guest on Aleisha McCormak’s Bridechilla podcast, so I figured it would great to have Aleisha share with you some of her favorite wedding do’s and don’ts when it comes to spending your cash.

On This Podcast Episode:

She’s a comedian and a TV presenter from the U.K. who turned her wisdom from planning her own wedding into a top-rated iTunes podcast, Bridechilla. Seriously, even if you aren’t planning a wedding, you’re going to enjoy hearing Aleisha dish wisdom about some of her favorite wedding do’s and don’ts – including her f**k it bucket suggestion – and how to survive the day as stress-free as humanly possible.

Shout Out to Our Sponsor:

Thanks to Brooklinen for sponsoring this episode. My Brooklinen sheets are seriously the best, most comfortable sheets I’ve slept on. Brooklinen.com has an exclusive offer just for MY listeners. 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!

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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Best Of Reboot – Are Your Fees Eating Your 401(k) With Chris Costello

Now that we’re well past tax-time, I wanted to reboot an episode that will help you give your 401(k) a little love. It’s quite possible that fees may be eating your 401(k) returns and you aren’t even aware of it. There is a lot of confusion out there about how 401(k)s even work, let alone that some funds may be costing you a bundle. Let’s demystify some of that!

 

On This Podcast Episode:

I’m rebooting one of our top episodes and chatting with a podcast guest that’s always a favorite, Chris Costello from Blooom (with three o’s). I’ve honestly never seen a company quite like Blooom and I always love when we can chat about 401(k)s. We’re covering:

  • Why fees even matter in your 401(k)
  • How you can figure out your ideal stock/bond ratio
  • Ways you can control fees – to some extent
  • Why your behavior has a lot to do with your 401(k) balance
  • How to figure out how much you’re actually paying in fees

Click here for a FREE analysis of your 401(k) with Blooom.

Help us out and support the podcast by going to wondery.com/SURVEY and filling it out. That’s wondery.com/SURVEY – you won’t even have to enter your email to help us win.

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!

Have an Ask Shannah question, submit it here.

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How She Saved $85K In a Year with Jamila Souffrant

Saving money seems to be the Achilles heel for most of us. Either you can’t seem to figure out how to get out of the endless paycheck-to-paycheck cycle or you are on the other end of the spectrum and saving so much that you’re also not having a lot of fun in life. Saving money is one of the core personal finance principles but just like my guest, Jamila Souffrant, you have to figure out what you’re saving money for in order to have fun with it.

On This Podcast Episode:

Jamila Souffrant, host of the Journey to Launch podcast and her husband set out with a big goal of saving $85K in one year and close to it in another year. Oh, and they have two children with another on the way. Jamila had a big goal of leaving the corporate world behind to forge her career in personal finance and to retire by the time she turns 40 in a few years. She’s well on her way, and dishing some of her best “secrets” to supercharge your own savings.

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, and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

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Best of the Best Money Apps, Programs, Products and More

There are so many money apps and programs on the market that it’s hard to know which one is the “best.” Unfortunately, you usually have to try a few before you find the one that is going to be your money bff. Not to worry though, I’ve tried just about all of them and I’m giving you the down low on some of my favorites.

On This Podcast Episode:

I’m breaking down some of the best of the best money apps, programs, products and more. If you’re looking for some new favs, check these out.

  • Best Budgeting AppYou Need a Budget (hands-down one of my favorites)
  • Best Points Credit Card- (still) Chase Sapphire Preferred Card
  • Best Online Checking Account – I’m a fan of Aspiration. Listen to my interview with their CEO Andrei
  • Best Investing AppAcorns (they’re doing some really cool things over there at Acorns)
  • Best Way To Think About Buying a House – Have you heard of Unison? We’ve had them on a podcast episode talking about innovative ways to afford a down payment
  • Best Way To Reduce Your Credit Card Debt – (remember, you’re trying to get an unfair advantage here) Ask for a credit limit increase, ask for an annual fee to be waived and ask for a lower interest rate. Here’s a link to the Creditcards.com report with some of the statistics

Ask Shannah – big thanks to Hilary for the question about rebounding from a financial crisis

Shout Out To Our Sponsor:

Thanks To Audible for sponsoring the podcast. Audible is offering MM 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 mymoney to 500-500 to get started 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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Smart Money Tips For Every Generation + Ask Shannah – How Do I Find a Financial Planner

We have such a broad audience on this podcast, which is something I’m proud of. We’ve got listeners of all ages looking for some money wisdom. One thing that is universal, no matter what decade you find yourself in, is the desire to make smart money moves along the way. Who’s with me?

On This Podcast Episode:

Have you ever wondered what you should be doing with your money, or focusing on, now that you’re in your 20’s, 30’s, 40’s and 50’s? Truth is, many of these smart money tips work for just about every age and you can use them as a checklist to see where you’re at regardless of your age.

Here’s a short cheat sheet:

  • 20’s – Figure out how to spend your money
  • 30’s – Decrease your take home pay and ramp up your lifestyle fund
  • 40’s – CYA – cover any exposure you may have that puts your money at risk
  • 50’s –  Figure out what’s your number

Shout-out To Our Sponsor:

 Thanks to our new sponsor Brooklinen – the best and most comfortable sheets I’ve slept on. Brooklinen.com has an exclusive offer just for MY listeners. Get $20 off AND free shipping when you use promo code [mymoney] at Brooklinen.com. Brooklinen is SO confident that they offer a risk-free 60-night satisfaction guarantee and a lifetime warranty on all of their sheets and comforters!

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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The Art of Building Wealth with Max & Taking Small Money Steps for Success

So how do you exactly build wealth? That is the trillion dollar question. While there isn’t one way to answer that question, there are some steps that you can take to begin to build your own definition of wealth (and I’m not talking about having millions of dollars in your bank account). The art of building wealth starts with thinking about your money in a different way than you have in the past and maximizing what you do have.

On This Podcast Episode:

I’m sharing some of the smart money moves for building wealth that I’ve seen working with hundreds of people over the last twelve years. Regardless of income, the real question remains, what does true wealth look like to you (hint, it’s different for everyone).

Let’s meet Gary Zimmerman from Max – the company that helps you “Max My Interest” so your cash is growing and always positioned with the best interest rate.  Don’t think it matters? What’re a few dollars here or there? Gary is going to demystify this myth and show you why maxing your interest is one of the smartest ways to build your wealth.

Ask Shannah – I’m sharing a success story this week about someone who decided to start making small steps to better his money situation. Proof that we all can change any situation.

Shout Out to Our Sponsor:

Thanks to HelloFresh. Get $30 off your first week of HelloFresh by going to hellofresh.com and enter code mymoney30.

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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