The reason why a lot of kids struggle with school is because the educational system is outdated. This isn’t the case with the TM Landry College Prep. The T.M. Landry mission is dedicated to promoting each child’s self worth and dignity in a supportive, educational and safe environment while preparing them to prosper and flourish in a culturally diverse, technological society. Today on the show, Rich and Marcus have Michael and Tracey Landry the founders of TM Landry College Prep. In this episode you’ll learn why TM Landry is offering an exciting new approach to education for children of color and how they’re exceeding expectations while doing it.
The Takeaway: This school is on the forefront of non-traditional educational ideas and philosophies. Students are given the freedom and power to make their own decisions and be direct in the educational process. This has been shown to improve student success and college acceptance rate relative to other schools, for the demographics they serve.
We've got a special...a bonus! Listen to learn more about this American Scandal. You can find the podcast at the link below.
Today the guys sit down and have an informative talk with Barbara Ginty. Barbara is a Certified Financial Planner based out of NYC. She began her career with Bloomberg on Wall Street and now owns a financial firm that caters to clients of all ages and financial backgrounds. In addition to one-on-one client meetings, she also teaches in-person classes. On today’s pod, Rich and Marcus speak with Barbara about planning for a longer retirement and the difference between a Will and a Trust. Barbara informs the listeners of “Four L’s Of Planning” and how to set up your financial Dream Team. Barbara also answers some listener question presented by Marcus.
The Takeaway: You don’t need an estate to have an estate plan. As soon as you have assets or anything of value you’ll want to setup a Will or Beneficiaries.
Planancial Podcast: https://itunes.apple.com/us/podcast/planancial/id1343803894?mt=2
Rich and Marcus discuss how to make good career decisions. They’ll be sharing some tips and tricks on how to operate from a position of strength when going on job interviews, how following your efforts can lead to better results than following your dreams and how moving to a different city for work can set you up for some huge career moves later in life. Plus, Rich lets you know just how valuable your LinkedIn profile can be.
The Takeaway: In the short-term, taking steps to better position yourself professionally is another route to better position yourself financially in the long long-term.
Don't forget to check out Part 1 of our discussion, What We Wish We Knew About Money in Our 20s
Rich and Marcus kick off the show continuing to build on last week’s episode. Marcus is recapping the financial books he’s read thus far in 2018. It’s important to digest this information and then come up with a plan that’s right for you. Everyone is at different stages in their lives and the strategies that make sense for wealthy parents in their 50’s are going to be different for millennial’s who are just beginning their financial journey. Consider your lifestyle now and the life you want to live as you grow older. It’s never to late to start but you need to begin planning for retirement right now.
The Takeaway: It’s never too late to start to plan for retirement. You want your money to have begun transitioning to working for you; instead of you working for money AS SOON AS POSSIBLE.
On the show, today Rich and Marcus will be discussing the 15 personal finance books that Marcus set out to read in 2018. So far Marcus has read 10 of them. The guys share the lessons learned from these books and give you recommendations on which books are most important for your age range. There are different strategies for money management in your 20s, 30s, and 40s and in this 2-part discussion PB breaks down money management for these three key decades in your life.
Memorable Quotes: “Money is not taught in school. Schools focus is on scholastic and professional skills, not finances. Children spend years in an antiquated educational system studying subjects they will never use, preparing for a world that no longer exists.”
Key Takeaway: Reading books about different perspectives on money management and investing can provide you with the knowledge you need to make smart financial decisions throughout the different stages of your life.
Marcus kicks off the show recapping a recent trip he took to NYC, for a Yahoo Finance interview. On his way to the hotel, he get’s convinced to hop in a sketchy Uber-like service and is hit with a huge bill at the end of his ride. If you have a similar tale of Uber in the City, share your funniest / craziest ride-share experience (Uber, Lyft, Taxi, etc.) on social media with #RideScare for a chance to receive a shout-out on the show!
Back on the personal finance tip, the guys then delve into a conversation about moving and finding the right apartment with the right amenities, for the right price. This leads into a bigger conversation about “Needs vs. Wants”. In this episode, you’ll hear their personal strategies for finding an apartment that fits your budget and lifestyle, while compromising on some things you think you need.
Write down your needs and wants then walk away. After a few weeks re-visit the list and determine what you REALLY need. You’d be surprised at what you can shift to the“want” column.
We re-re-visit our fastest downloaded episode ever, PB47: Barely Making It on $500,000! The Financial Samurai joins us for this episode to discuss his popular blog post about a couple struggling in a big city on yes, $500,000. The Financial Samurai (Sam Dogen) got his MBA from Cal and spent over 10 years working in the financial services industry. After 13 years of working in Corporate America and living the “American Dream,” money ceased to be a major driving factor. Sam wanted to live financially free. He fantasized about what it would be like to write, spend time with family, and travel, with little financial worries. Three years after starting FinancialSamurai.com in 2009 he achieve his goal! ICYMI, some gems from this show include:
Elle Martinez started Couple Money in 2009 after writing about personal finances for more than 7 years. Couple Money's purpose is to help couples build their finances together by learning to live on one income and having fun with the second through tips, tools, and services that can help couples work out solutions that address their needs. Couple Money has been featured on sites such as Business Insider, Daily Finance, TurboTax, and Go Banking Rates. If you're in a relationship now or planning on getting into one in the future, Elle covers these helpful tips for you:
It's 6-months into the year. Do you know where your finances are? Well, we declared our positive affirmations and #FinGoals for 2018 on PB80: It’s Never Too Late to Get Started. For your benefit and ours, we're going back to the future with a much needed Mid-Year Resolutions revelation to see where we have been winning, slipping, and where we need to make some in game adjustments (unlike Tyronn Lue!) to get back on track. On this episode, we'll discuss the art of the win and how you too can set yourself up for the mid-year come back or maintain your wins into the second-half of the year. It's never too late to get on track. If you haven't set your personal financial goals for the year, there's no time like the present. Let's get it!
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