American financial services company
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5 episodes with ally bank
4 episodes with ally bank
4 episodes with ally bank
2 episodes with ally bank
2 episodes with ally bank
2 episodes with ally bank
2 episodes with ally bank
2 episodes with ally bank
2 episodes with ally bank
In this episode, Matthew Heusser and Michael Larsen welcome Pat Rinaldo and Naresh Kumar Nunna to discuss the importance of synthetic test data for organizations that handle large amounts of customer data and cannot use real data due to privacy concerns. Ally Bank, working with Qualitest, has successfully leveraged synthetic data to enable faster innovation and testing for its automotive and insurance applications. Pat and Naresh discuss ways that they have been able to generate diverse and representative test data to cover a wide range of scenarios, provide significant improvements in test coverage, regression testing speed, and reduction in defects escaping to production, to allow teams to focus on innovation rather than data management and compliance.
In an industry where customer trust is paramount, financial institutions like Ally are navigating the delicate balance between rapid innovation and robust security. As part of the Executive Leadership Series, sponsored by Naehas and recorded live at the Financial Brand Forum, we'll explore how Ally has leveraged generative AI to streamline operations, foster innovation, and enhance customer experiences while maintaining the trust fundamental to banking relationships. I'm thrilled to be joined by Sathish Muthukrishnan, Chief Information, Data, and Digital Officer at Ally Bank, one of America's leading digital financial services companies. Sathish will examine broader industry trends and provide a forward-looking discussion of Agentic AI's potential to revolutionize banking relationships, including the ethical considerations involved.
Episode 50: Is Nursing a "Recession Proof" Profession?! What should you do as a nurse during market downturns In this episode, I talked about recession. Is nursing a recession proof profession? The current landscape of our economy, politics and markets is very volatile w/ signals of recession coming or already here. I talked about why nurses are NOT safe during these time and shared ways on how you can prepare for a recession as a nurse. I talked about stock market crashes and how it's a normal part of investing. Get started w/ investing: CLICK HERE HYSA: I use ALLY BANK. Open your account and gain 3.7% interest Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses. Nurses deserve options whether they want to retire early or work until retirement. If you want to connect with Ellaine, follow her on: Instagram: @nursewhoinvests TikTok: @nursewhoinvests Blog: nursingflowsheet.com , nursewhoinvests.com Download my free checklist on what you need to do before investing: PREREQ CHECKLIST “Stay Hydrated and Stay Invested!” - your rich nurse bestie SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary. The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
946: Comerica Bank COO Megan Crespi joins Peter High to discuss the bank's digital transformation strategy, AI adoption, and customer-centric innovation. Megan shares insights on Comerica's cloud migration journey, investments in AI-powered risk management, and how the bank is modernizing operations to enhance customer experience. She also delves into cybersecurity strategies for the quantum computing era and lessons from her leadership roles at Ally Bank and General Motors.
THE IDEAL BALANCE SHOW: Real talk, tips & coaching on everything fitness, family & finance.
Ever feel like you're earning good money but somehow have nothing to show for it? You're not alone! This episode dives into the five reasons why this might be happening and how to start flipping the script. From systems and goals to managing impulse spending and resisting the PTA's surprise volleyball fundraiser, we've got practical tips and relatable laughs to help you take control of your finances. Key Takeaways: Reason #1: No System Money without a system is like laundry without a schedule—chaos! It's not just about a budget but a budget system. Reason #2: Not Paying Attention Ignoring your bank account doesn't make problems disappear. It's time to take a guilt-free, honest look at your spending. Reason #3: No Goals Without clear goals, money just slips away. Rediscover your “why” to stay motivated. Reason #4: Letting Others Decide Stop being reactive. Whether it's kids, coworkers, or subscription services—take back control. Practice saying “no” or “not right now” (we share some creative ways to do it!). Reason #5: Spending Without a Purpose Spending is fine—but let's make it intentional. Separate spending accounts can help reduce the overwhelm and prevent accidental overspending. Homework: Print out your bank statement for one month (avoid holiday months for more accuracy). Grab your highlighters, categorize your spending, and find your biggest money leaks. This step helps you build a realistic and clear budget moving forward. Fun Moment: Shana shared her favorite no-fail strategy for handling her kids' impulse asks: “Go ask your dad!” Vanessa chimed in with her Amazon “save for later” folder that rivals most people's retirement accounts. Resources Mentioned: Personalized Budget System: Head to https://www.budgetbesties.com/budget to grab the new 2025 version! Also, sign up for the Money Makeover Bootcamp at https://www.budgetbesties.com/bootcamp Tools we love: Ally Bank, SoFi, and your local credit union for managing multiple accounts without fees. Connect With Us: Email: hello@budgetbesties.com Website: budgetbesties.com
The Wealthy Woman's Podcast | Save Money, Invest, Build Wealth, Manage Money, Overspending, Finances
Click here to register for the upcoming 2025 Money Planning Workshop!Click here to sign up for Ally Bank's High Yield Savings Account using my referral link and earn a $100 welcome bonus after meeting certain qualifications.Sign up for the Free Training- How to Build Wealth WITHOUT Going On A Strict Budget by clicking here.Get More Support From Germaine: Schedule a Consultation: Want to join The Wealthy Woman's Academy? Click Here to book your free consultation and discover how this program can change your financial life for good! Where to find Germaine: Subscribe to The Wealthy Wednesdays Newsletter: Get exclusive tips, insights, and updates directly to your inbox. Click Here to join our community. Visit Her Website: Explore our resources and learn more about how we can support your financial growth at www.germainefoley.com Follow Germaine on Instagram: Stay motivated and get inspiration by following Germaine Foley Coaching Con...
The Wealthy Woman's Podcast | Save Money, Invest, Build Wealth, Manage Money, Overspending, Finances
Joy Rowland is a certified coach passionate about empowering individuals to push past self-doubt and take bold steps toward building a life filled with wealth and abundance.With her empathetic and motivational approach, Joy focuses on helping clients unlock their potential, move confidently toward their goals, and embrace the life they truly deserve. Through her work, Joy guides people to overcome limiting beliefs, allowing them to cultivate not only financial success but also a sense of personal fulfillment. She is dedicated to making transformation and coaching accessible to all.Connect further with Joy below:Click here to grab her Confidence in Business GuideFind her on Facebook here.Follow her in Instagram hereListen to The Episode we mentioned in this podcast by clicking here.Sign up for the Free Training- How to Build Wealth WITHOUT Going On A Strict Budget by clicking here.Click here to sign up for Ally Bank's High Yield Savings Account using my referral link and earn a $100 welcome bonus after meeting certain qualifications.Get More Support From Germaine: Schedule a Consultation: Want to join The Wealthy Woman's Academy? Click Here to book your free consultation and discover how this program can change your financial life for good! Where to find Germaine: Subscribe to The Wealthy Wednesdays Newsletter: Get exclusive tips, insights, and updates directly to your inbox. Click Here to join our community. Visit Her Website: Explore our resources and learn more about how we can support your financial growth at www.germainefoley.com Follow Germaine on Instagram: Stay motivated and get inspiration by following Germaine Foley Coaching Contact Us: Have questions or need assistance? Emai us at info@germainefoley.com
The Wealthy Woman's Podcast | Save Money, Invest, Build Wealth, Manage Money, Overspending, Finances
Click here to check out the Black Friday Deal that ends on Friday at Midnight EST.Sign up for the Free Training- How to Build Wealth WITHOUT Going On A Strict Budget by clicking here.Click here to sign up for Ally Bank's High Yield Savings Account using my referral link and earn a $100 welcome bonus after meeting certain qualifications.Get More Support From Germaine: Schedule a Consultation: Want to join The Wealthy Woman's Academy? Click Here to book your free consultation and discover how this program can change your financial life for good! Where to find Germaine: Subscribe to The Wealthy Wednesdays Newsletter: Get exclusive tips, insights, and updates directly to your inbox. Click Here to join our community. Visit Her Website: Explore our resources and learn more about how we can support your financial growth at www.germainefoley.com Follow Germaine on Instagram: Stay motivated and get inspiration by following Germaine Foley Coaching...
The Wealthy Woman's Podcast | Save Money, Invest, Build Wealth, Manage Money, Overspending, Finances
Sign up for the Free Training- How to Build Wealth WITHOUT Going On A Strict Budget by clicking here.Click here to sign up for Ally Bank's High Yield Savings Account using my referral link and earn a $100 welcome bonus after meeting certain qualifications.Get More Support From Germaine: Schedule a Consultation: Want to join The Wealthy Woman's Academy? Click Here to book your free consultation and discover how this program can change your financial life for good! Where to find Germaine: Subscribe to The Wealthy Wednesdays Newsletter: Get exclusive tips, insights, and updates directly to your inbox. Click Here to join our community. Visit Her Website: Explore our resources and learn more about how we can support your financial growth at www.germainefoley.com Follow Germaine on Instagram: Stay motivated and get inspiration by following Germaine Foley Coaching Contact Us: Have questions or need assistance? Emai us at info@germainefoley.com
What's your inner dialogue like? On this episode, I share 6 reminders for you to keep in mind so that you can give yourself more self-compassion and change your inner voice. Use code TAMARA6281 to save https://login.tobemagnetic.com/a/2147524106/4XggnWZVLearn more about Ally Bank: https://ally.com/referral?code=4G5G5C9B6KLet's work together! https://www.modrnsanctuarypa.com/tammyLet's stay connected here: https://linktr.ee/tammyu_wellnessthanks so much for listening! Please take a sec to subscribe, review, and share the show with a friend. catch you on the next one :)
How do we know when to let go? Today, I run through the 6 things you might experience before you realize that you need to let go of something. Use code TAMARA6281 to save: https://login.tobemagnetic.com/a/2147524106/4XggnWZVCheck out Ally Bank here: https://ally.com/referral?code=4G5G5C9B6KLet's work together: https://www.modrnsanctuarypa.com/tammyConnect with me on socials: https://linktr.ee/tammyu_wellnessthanks so much for listening! Please take a sec to subscribe, leave a little review, and share with a friend-- I really appreciate it. Catch you on the next one :)
If you're curious about how the Creatives Leadership Academy can help you to design your life and career with more intentionality so that you can take things up a notch, earn more income, do the gold-standard of whatever it is you love to do, AND have time for the rest of your life, Book a call with me today so we can discuss it! ---> CHAT WITH KATE In this special episode of the Tales from The Lane podcast, I'm joined by fellow podcast, Ayana Major Bey, host of The Artist Pivot Podcast Series for a fun and heartfelt conversation about what it really looks and feels like to make a career pivot in your Creative career. Released on both podcasts, this conversation is a two-sided interview filled with insights and stories about our own experiences with pivots. Hear about how the pandemic forced Ayana to pivot from a full-time Actress into the multi-hyphenate Actress–voiceover artist–podcaster–mentor she is today, and how she is full of gratitude for this beautiful expansion of her talents, and you'll hear about my own (multiple!) career pivots that have gotten me to where I am today. If you have ever thought about doing something slightly outside of your current skillset, but were too afraid to take that first step, today's episode is for you! More about our guest: Ayana Major Bey is a multi-hyphenated creator, which includes being an actress, voice-over artist, mentor/coach, public speaker, podcaster, former radio personality, and world traveler. She is a New Jersey native, of Guyanese Heritage, and has loved the performing arts and theater since she was a little kid. An alumnus of two great schools, Montclair State University where she got her BFA in Musical Theatre, and The Royal Conservatoire of Scotland where she got her MA in Acting. Select stage credits include: Dreamgirls, Hairspray, Sister Act, Little Shop of Horrors, Children of Eden, 1940's Radio Hour, All Shook Up, and After Midnight. Select voice over credits include: Sephora, For Hers, Babbel, Google Chromebook, Starbucks, Ally Bank, Square, Delta Dental, and Boston Museum of Science. When she is not being a multi-hyphenate creator you can catch her cooking, baking, taking care of her plants, and of course, traveling. Having visited 27 countries thus far some of her favorite places include Thailand, South Africa, Spain, and Italy. You can follow Ayana at Insta: @ayanambey, and Linkedin: https://www.linkedin.com/in/ayana-major-bey/ and New Yorkers, grab your tickets to her upcoming cabaret show at Greenroom 42 on October 20th: Tickets and Info HERE.
Have you ever wondered what it takes to transition from a successful corporate career to a vibrant role in the world of angel investing and entrepreneurship? In this episode of "The Angel Next Door Podcast," we look into the captivating journey of Amy Jacobs, who took the bold step to leave the world of corporate banking and immerse herself in the dynamic environment of first, nonprofit organizations and now start-ups. Her story is both inspiring and a testament to the power of following one's passion and continuous learning.Amy Jacobs is no stranger to change. Growing up in the suburbs of Cleveland, Ohio, she journeyed south post-college to Charlotte, where she embarked on a notable career in corporate banking with giants like Bank of America and Ally Bank. However, driven by a yearning to explore new avenues, Amy shifted her focus to the nonprofit sector, taking on pivotal roles within organizations such as the Women's Impact Fund and Share Charlotte. Her dedication eventually led her to the role of Executive Director at Share Charlotte, where she played an instrumental part in linking nonprofits with the wider community through innovative tech solutions. Now, as a relatively new angel investor, she offers her unique insights and experience.Host Marcia Dawood explores Amy's professional evolution, from her tech and nonprofit ventures to her recent foray into angel investing. Amy shares her strategies for navigating the startup landscape, the importance of networking, and the crucial role of understanding both philanthropic and investment communities. This episode is a must-listen for aspiring entrepreneurs and potential angel investors alike, offering valuable lessons on risk-taking, community impact, and the boundless opportunities in the startup world. To get the latest from Amy Jacobs, you can follow her below!LinkedIn - https://www.linkedin.com/in/amy-jacobs-aa01a920/ Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood
THE US WOMEN ARE YOUR 2024 TST CHAMPIONS!
Step behind the curtain and delve into the exhilarating world of automotive filmmaking with renowned director Kit Lynch - Robinson. In this episode, Kit shares his insights into working on iconic shows like the Grand Tour, Top Gear and Limitless, offering a peek into the creative process behind these beloved programs. Explore with us the fascinating realm of both TV and commercial directing, as Kit provides a breakdown of his work including Lexus, Ally Bank commercials and more, offering valuable insights into the technical wizardry of VFX, camera techniques, and previsualization. So buckle up and get ready for a cinematic journey unlike any other, as Kit lifts the hood on the art of automotive filmmaking and reveals the magic behind the wheel. Enjoy!
The latest episode of the Live Richer Podcast features Ally Bank's CMO Andrea Brimmer, who shares her unexpected path to becoming a chief marketing officer, the role of sports in shaping her leadership skills, and her deep-seated belief in mentorship and financial empowerment. From an early age, Andrea was drawn to the dazzle of the ad industry, with aspirations of making her mark by working on iconic accounts and soaring within the vibrant agency sphere. Despite her dreams, Andrea's career took an unexpected detour—a transformative "hard left" from her envisioned agency path—when she transitioned to the brand side. She joined GMAC before it evolved into Ally, embracing a new journey that would harness her passion for marketing in ways she'd never initially imagined. The discussion between Jaime and Andrea explores how personal passion and professional evolution intertwine to achieve success and fulfillment, both in career advancement and the enriching experience of money spent wisely.
Crime and suspense author, James Michels stops by to discuss his past and future projects in the making. James Michel's links: https://www.amazon.com/dp/B09V121KGN/ref=tsm_1_fb_lk?ref=d6k_applink_bb_dls&dplnkId=92135846-0be6-4827-8311-8caa7f30093f https://www.amazon.com/dp/B09V121KGN?ref=d6k_applink_bb_dls&dplnkId=259a3c00-1d3c-4c2e-953b-277eda6f7706https://www.amazon.com/dp/B0CHHLW9KZ/ref=tsm_1_fb_lk?ref=d6k_applink_bb_dls&dplnkId=16b0e382-5b69-499f-8c5b-f75bb3323d9ahttps://www.amazon.com/dp/B09S732KVK/ref=tsm_1_fb_lk?ref=d6k_applink_bb_dls&dplnkId=5c191607-883a-4bfb-b2ae-75100eba7c29https://www.amazon.com/dp/B0BT13XC5Q?ref=d6k_applink_bb_dls&dplnkId=134c9c7f-44b0-47ea-8db7-63b005db58f4 Twitter/X @jamesrealmike. TikTok @jamesrealmike. IG @jamesmichels YouTube: https://youtube.com/@jamesmichelsbooks?si=zc9UqQxFU0fLIyGd My Links: https://youtube.com/@ErnestoUnderdoggTV?si=_Rt6FSzEjI7b9Fxx Stories to Read While Sailing the Deep Blue Sea https://a.co/d/2C8v1Mg https://www.bonfire.com/ernest-thoughts-podcast-tote-bag/?productType=6c8bdf76-412f-4607-b944-505de2f9099c (etp tote) Cashapp $MoneyForErnest Paypal/Venmo @moneyforernest Qualifying applicants get up to $125 Dollars when they sign for Ally Bank by March 1st https://ally.com/referral?code=3M2V4G7M8X --- Send in a voice message: https://podcasters.spotify.com/pod/show/ernestthoughtspodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/ernestthoughtspodcast/support
Welcome back to The Cheeky Been Podcast! Today we welcome my very best friend, Meryl Balcome. Meryl is Chief of Staff at Ally Bank, a former collegiate athlete, wife and an overall badass. On today's episode Meryl joins the show to share her journey within the corporate world and how it is still an incredible place to work, dismantling the myths surrounding marriage counseling, choosing to not have children, and how she supported her father when he came out as a gay man at 60 years old. She is my very best friend and I am so excited to share this conversation with you all. Follow Meryl FOLLOW THE CHEEKY BEEN FOLLOW THE CHEEKY BEEN PODCAST READ THE CHEEKY BEEN BLOG BUSINESS INQUIRES: thecheekybeen@gmail.com
Album review for legendary lyricist and producer duo, Masta Ace and Marco Polo for their joint project. Let me know your thoughts by sending in a voice message or comment on IG @my2centspod. https://www.bonfire.com/my-002-podcast-tops/ https://linktr.ee/ernestcjsandefer Cashapp $MoneyForErnest Paypal/Venmo @moneyforernest In need of a bank you can trust? Sign up for Ally Bank https://click.email.ally.com/?qs=cd25483ffa4640d0e63f7092386abc60378a182c0c2cfa5e9c5f0ad7a01a08973a73c1ab851addc324abec485cff876d81bc8bf5b8a7288ab34e1f43c7a5da00 --- Send in a voice message: https://podcasters.spotify.com/pod/show/My2centspodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/My2centspodcast/support
Ever feel like a deer caught in headlights when it comes to managing your finances? You are not alone! We've all stood at that crossroads, but today, I'm venturing down the path of financial clarity. We're discussing the crème de la crème of money tools and apps that help you stay on top of your budget, like Monarch and You Need a Budget. I also shake up conventional banking wisdom as I highlight why it's worth considering online banks like Ally Bank and VARO and why avoiding monthly fees can be a game-changer for your financial health. Remember how we all used to believe in the Tooth Fairy and Santa Claus? It's time to debunk another myth: that all banks are created equal. I've got news for you: they're not. Drawing on my personal experiences, we examine the features that make an online bank a true ally in your financial journey. We're not just talking about fee structures or interest rates. We're talking about aligning your financial values with your bank's. Plus, for the lovebirds out there, we chat about the unsung benefits of joint accounts. I'm also thrilled to share our favorite books and podcasts, sources of knowledge that fuel my passion for financial literacy. From the timeless wisdom in "The Millionaire Next Door" and "The Wealthy Gardener" to the fresh perspectives from podcasts like "Stacking Benjamins" and "Afford Anything," I'm pointing you toward resources that will empower you to make informed financial decisions. Links To get all the links for this episode, head to https://etmpod.link/best2023 SPONSORS Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it's the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to Uncommon Goods for sponsoring the show. Get 15% off your next gift by going to www.uncommongoods.com/ETM. Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. How To Connect with Shannah: Download 10 Money Questions to Ask Yourself Free Money Guide https://etmpod.link/10moneyq Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/ Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq Leave a 5-star Review here https://ratethispodcast.com/etm Learn more about your ad choices. Visit megaphone.fm/adchoices
Recent data signals a trying time for American citizens and could be causing a dip in the current administration's popularity. A LendingClub study reveals that around 60% of U.S. residents are now getting by on a monthly salary, with this statistic looming over the forthcoming festive season. Inflation rates and fuel expenses are both noticeably steeper compared to when the current leadership assumed power. Furthermore, the study showed a worrying trend where 40% of shoppers believe their financial standing has deteriorated since 2022, as shared in a CNBC article referencing LendingClub findings. This information was gathered in October, a mere month before the onset of the holiday shopping spree. Simultaneously, a contrasting survey by TD Bank indicates a resurgence in credit card debt, which has now exceeded $1 trillion. Disturbingly, a considerable 96% of buyers predict exceeding their spending budget this holiday season, as reported by CNBC, further adding to the growing consumer debt. Half of these consumers are contemplating incurring additional debt to finance their holiday expenses, according to a separate study by Ally Bank. Only about 23% of those borrowers have hatched repayment plans for the next one to two months.See omnystudio.com/listener for privacy information.
Ep #77: Today, I want to dive into something that often gets overshadowed in our debt-free journeys—budgeting anxiety and income anxiety. Many believe that once you're debt-free, life becomes a breeze, all rainbows and sunshine. But the reality is, the worry about financial stability doesn't just vanish. Let's break down what budgeting anxiety and income anxiety really mean.It's that uneasy feeling when you're juggling personal finances, stressed about expenses, fearing you won't meet financial goals, or overwhelmed by the complexity of budgeting. On the flip side, income anxiety is the stress tied to the amount and stability of your earnings. It could be the fear of job security, the unpredictability of gig work, or simply not earning enough to cover your essential expenses.Even though my husband and I have been budgeting for ages, have our emergency fund, and all the financial foundations, the worry about tomorrow still lingers. And that's what I want to dig into today because stressing about financial stability, especially in this unpredictable world, is totally relatable.We see people flaunting their fancy lifestyles, but behind those snapshots, we're clueless about their actual financial situation. So, how do we navigate this anxiety and still find happiness without constantly fearing the worst?First things first, we need to acknowledge and understand these anxieties. You're not alone. Once you pinpoint the sources, you can tackle them head-on. Now, when I'm stressed about money, I don't immediately slash my budget. Instead, I make a list of things in my budget that genuinely make me happy—the "spark joy" list.It's liberating because it helps me decide what stays and what goes without feeling deprived. And let me tell you, extreme frugality like turning underwear inside out or reusing cloth toilet paper isn't my style. So, no, I won't be doing that. Instead, I focus on practical strategies.One key tip: make a "not right now" list. Sure, say no to some things, but if you keep saying no without a "not right now" list, you might end up stressed with nothing left that brings you joy.Another crucial move is building your emergency fund. I'm a big fan of Ally Bank—great for setting up multiple buckets for different goals. Start small and gradually increase your emergency fund over time.Now, let's tackle income anxiety and diversify. Having multiple sources of income brings security. It could be freelancing, a side hustle, or investments generating passive income. I often talk about mystery shopping, but it could be anything that fits your lifestyle.Keep building your skills. Stay adaptable in this rapidly changing job market. Continuous learning and staying updated with industry trends enhance your employability, reducing income anxiety.Lastly, seek support. Whether it's a financial advisor, a community like Budget Divas, or attending financial literacy workshops—having a support system makes a significant difference in managing budgeting and income anxiety.Overcoming these anxieties is a journey. It's okay to seek help along the way. Until next time, keep moving forward, Budget DiYou're Invited to a free LIVE training: How To Get Out of Debt Faster With Mystery Shopping. Register here: https://www.budgetdivas.com/fasterMystery shopping? What's that got to do with my finances? Mystery shopping isn't just about scoring free meals or testing out luxury cars; it's a powerful tool that can turbocharge your journey to financial independence! Imagine paying off your student loans, credit card debt, or that pesky mortgage years ahead of schedule! Head over to www.budgetdivas.com/faster and secure your spot. Seats are limited, and you won't want to miss out on this life-changing event. It's time to take control of your financial future and unlock the potential within you.
Join me, your host, John Mendez, as I bare the secrets of my financial journey, revealing how I turned my life around to build a wealthy, abundant life by the age of 21. During our time together, we'll delve into my beginnings, starting from mid-2020, when I was financially naive, and how I took the first steps towards wealth-building with the help of the Self credit-builder app and a credit card from Bank of America.The tale continues as I share how my financial perspective was transformed by insightful books such as 'Rich Dad, Poor Dad' and 'I Will Teach You to Be Rich.' Learn how I discovered the potential of travel cards, opened accounts with Charles Schwab and Ally Bank, and ultimately, how I achieved a credit score of 750 and half a million points. My journey serves as a guiding light for young adults who aspire to build financially secure lives. So let's embark on this journey together; your first step towards wealth starts now.Support the showHOW TO SUPPORT THE WALK 2 WEALTH PODCAST: walk2wealth.supercast.com 1. Subscribe, Rate, & Review us on Apple Podcasts, Spotify, YouTube, or your favorite podcast platform. 2. Share Episodes with your family, friends, and co-workers. 3. Donate what you can financially to help us continue to bring great content that inspires you, and people like you around the world!4. GET YOUR BEGINNER'S GUIDE TO START YOUR DREAM BUSINESS: HTTPS://WWW.BIT.LY/WALK2WEALTHGIFT
Ep #73: Recently, I had an unexpected adventure in Colorado that I can't wait to share with you. But more importantly, I want to explain why I'm so passionate about budgeting and helping you become debt-free.So, let me start with our impromptu trip to Colorado. It wasn't planned at all. One day, my friend Cindy called and said she was going to Colorado with our friend Christine. Cindy's dream was to learn RVing. I shared that goal of traveling the country in an RV and enjoying every moment.I had a long to-do list, and the practical side of my brain said, "No, Jen, you can't go. Focus on your tasks and plan a better trip next time." But my other side said, "This is an opportunity to get away." A few weeks earlier, I'd received some shocking news that left me rattled. Life and business have their ups and downs, and as they say, life is 50/50 – half good and half bad. When life throws challenges your way, you sometimes just need to get away.After discussing it with my husband, he encouraged me to take the trip. He reminded me to step out of my daily routine, meet people I'd only known virtually, and be present with them. We went on daily hikes, had outdoor barbecues, and stayed in a beautiful RV surrounded by breathtaking Colorado mountains. The core message of this episode is why I'm so passionate about budgeting and helping you become debt-free. When you have money in the bank and a financial plan, you can embrace spontaneous opportunities like this trip without worrying about credit card limits or debt. Here are some tips to get you started on your own debt-free journey:1. **Create a Budget and Debt Payoff Plan:** I know, creating a budget doesn't sound exciting, but when you put everything down on paper, you'll feel energized. No more mental clutter; you'll have a clear plan. Even if your debt seems overwhelming, at least you'll know how to tackle it and potentially increase your income.2. **Build a Savings Fund:** I love using Ally Bank for this. They let you create multiple savings buckets, each with its own goal. For instance, you can have a Christmas fund, a vacation fund, or a clothing fund. This way, you won't have to rely on credit cards when unexpected expenses pop up.3. **Explore Side Gigs:** Find a side gig that aligns with your interests and passions. For me, mystery shopping was a game-changer. It not only accelerated our debt-free journey but also enhanced our lives. With the extra income, we could enjoy life's little pleasures and make memories without breaking the bank.The message is clear: financial freedom and debt reduction don't mean you have to sacrifice all your joys in life. With a budget, a savings fund, and a side gig, you can live your life to the fullest, embrace unexpected adventures, and confidently make choices that align with your dreams and financial goals.Whether it's a spontaneous trip to Colorado or another opportunity that comes your way, remember that financial planning gives you the freedom to say "yes" without hesitation. Join me on this journey towards financial freedom, and let's make 2023 a year of extraordinary financial choiceYou're Invited to a free LIVE training: How To Get Out of Debt Faster With Mystery Shopping. Register here: https://www.budgetdivas.com/fasterMystery shopping? What's that got to do with my finances? Mystery shopping isn't just about scoring free meals or testing out luxury cars; it's a powerful tool that can turbocharge your journey to financial independence! Imagine paying off your student loans, credit card debt, or that pesky mortgage years ahead of schedule! Head over to www.budgetdivas.com/faster and secure your spot. Seats are limited, and you won't want to miss out on this life-changing event. It's time to take control of your financial future and unlock the potential within you.
On today's podcast episode, we discuss how banks are adjusting their ad spending in a world with high rates, economic turmoil, and a shift to digital advertising. • In our “Headlines” segment, we dig deep on a recently published Insider Intelligence report covering our forecasts for ad spending by US banks and credit unions. • In “Story by Numbers,” we discuss how fewer mortgages are affecting banks' net interest income and what that means for their marketing budgets. We also examine Ally Bank's increased ad spending. • In “For Argument's Sake,” we talk about how large banks are doubling down on digital ad spending while smaller institutions are cutting their spending, which could lead to the eventual demise of smaller traditional banks. Tune in to the discussion with host Rob Rubin and our director of forecasting Oscar Orozco. Reports mentioned in this episode: https://content-na1.emarketer.com/us-banking-digital-ad-spending-2023 Follow us on Instagram at: https://www.instagram.com/insiderintelligence/ For sponsorship opportunities contact us: advertising@insiderintelligence.com For more information visit: https://www.insiderintelligence.com/contact/advertise/ Have questions or just want to say hi? Drop us a line at podcast@emarketer.com For a transcript of this episode click here: https://content-na1.emarketer.com/podcast-banking-payments-show-banking-through-storm-ad-justing-strategies © 2023 Insider Intelligence Discover the future of banking with Affinity Solutions, a pioneer in consumer purchase insights. Using cutting-edge analytics, Affinity Solutions analyzes payment data to craft exclusive deals for financial service consumers based on their spending patterns. Each transaction with Affinity becomes a step towards understanding your customers deeper, curating rewards that genuinely resonate. It's more than just banking; it's an evolution to intelligent, personalized commerce. Transform your financial interactions with Affinity Solutions.
It can feel hard to master your budget with inconsistent income, especially if you're an entrepreneur. Budgeting and managing your money is hard enough when you have a steady paycheck each month and a laundry list of goals you want to achieve. When you throw in inconsistent income, budgeting becomes even harder. Just like you, I've had so many months as an entrepreneur when the numbers don't add up. I've learned a few tricks along the way that I want to share with you in this very special reboot episode. What You'll Learn How I learned to budget when running a non-profit business in college What steps you can take to set up your budget to plan for inconsistent income What steps you can take when you're in the middle of a month or stretch of inconsistent income The most valuable lesson I've learned as a lifelong entrepreneur to make my budget work Why you can't get past knowing your numbers - and why they are the key to your success How I got past the "I deserve it" syndrome to find balance every month Links You Need a Budget (budgeting app I use) Marcus by Goldman Sachs (for ER fund savings) Ally Bank (for ER fund savings) Timestamps [00:01:34] Empowering budgeting strategies. [00:06:04] Managing expenses and being resourceful. [00:08:31] Emergency savings importance. [00:12:39] The power of manifesting. [00:18:01] Knowing Your Numbers. [00:20:30] Tracking your expenses is key. [00:24:10] Getting past the "I deserve it" syndrome. [00:28:41] Consistency in managing money. SPONSORS Thanks to Factor for sponsoring the show. Head to www.factormeals.com/etm50 and use code ETM50 to get 50% off. Thanks to NetSuite for sponsoring the show. Download NetSuite's popular KPI Checklist for free at www.netsuite.com/etm. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to AirDoctor for sponsoring the show. Head to www.airdoctorpro.com and use promo code ETM, and depending on the model, you'll receive UP TO 39% off or UP TO $300 off. How To Connect with Shannah: Join the Everyone's Talkin' Money Newsletter, where you get insider tips, exclusive content, and takeaways from each episode https://tinyurl.com/etmnewsletter Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/ or TikTok https://www.tiktok.com/@shannahgame Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq Leave a 5-star Review here https://ratethispodcast.com/etm Be a Featured Guest on an episode https://everyonestalkinmoney.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, I talk about an Ally Bank commercial, my Film III Class at The Alliance Theatre, a weird Booth Filler Job I did at a convention in downtown Atlanta, and a few odd background jobs I've done, although I have pretty much stopped doing those. And then there may or may not be content about a documentary series I applied to. It turns out I have what may be confidential information in here, so when I release this, it means I didn't get that job. But if there's nothing in here about it, then it means I've removed that content because I'm actually moving forward. We'll have to wait and see. So, if you hear no details about a docuseries, that's why. Which also means although I've finished recording this episode in mid-June 2023, I may have to wait to release it, until I get a definitive answer on the documentary reality show. [A month later] I was notified on July 26, 2023 that I was not moving forward for the dating show, so I was free to release this episode! If you like what you heard and want to see more, here are my social media links: Linktree https://linktr.ee/Djstavropoulos --- Send in a voice message: https://podcasters.spotify.com/pod/show/thebackgroundscoop/message Support this podcast: https://podcasters.spotify.com/pod/show/thebackgroundscoop/support
Watch this episode on Youtube In this episode, we break down the hype of High Yield Savings Accounts. We discuss how to leverage a HYSA as a tool to build your savings while gaining interest rates of 3-4%. There was a report from WSJ discussing how millions of dollars are given to banks because most individuals don't take advantage of high interest savings accounts. I dare you to check your savings % rate, is it .01%-.03%? If so, it's time to start saving with a high yield savings account! Mis cuentas favoritas are: Ally Bank, Discover Bank, Capital One, WealthFront ----- New episodes out every Monday! Follow & Subscribe to Mi Riqueza Podcast to get notified of each episode drop. Don't forget to also follow us on social media @latinawealthactivist @miriquezapodcast @theriquezaco to get the latest financial content & community updates. ----- Join our Free Riqueza Community: The Riqueza Club where we host workshops, events and our Crecer Book Club! Go to www.theriquezaclub.com to join!
Today's guest is Laura Speakman, Co-Founder of Alloy. We cover her journey from interning in microfinance to narrowly avoiding becoming a career lawyer to then becoming a fintech founder building crucial infrastructure.Alloy is a global identity decisioning platform that helps banks and fintechs with onboarding, transaction monitoring and credit decisioning. They have 300+ customers and 300+ employees. Their last round value to them at over a billion dollars.But, getting there was by no means easy–building infrastructure in FinTech almost never is. We cover both the successes, but also the bumps in the road. Enjoy!We discuss:1. Her early career from Brooklyn DA's office => Microfinance in Nairobi => Payments in the US2. Why she started Alloy in 2015 and how she met her Co-Founder, Tommy Nichols3. How they closed their early customers (small fintechs) and eventually their first large customer (Ally Bank!)4. How their GTM & Product has changed over time5. Alloy's global expansion, starting w/ a London office6. Advice for new fintech foundersIf you prefer video, find our interviews on YouTube:youtube.com/@cambrianhq
According to CNBC, 56% of Americans can't cover a $1,000 emergency. They don't have enough money in the bank. If that's you, start building an emergency fund now. Dave Ramsey recommends saving $1,000 in the bank immediately. Then, you take any extra money you have and pay off your debt. After that, work to build savings of 3–6 months of living expenses. But once you have that, what do you do with the money? Where should you keep it? In this episode of Best in Wealth, I share the best way to keep your emergency fund liquid—and exactly how to get the interest rate you deserve. [bctt tweet="Learn how to earn the interest rate you deserve on your savings account in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode [1:06] There was a time when I had nothing [2:53] The basics of emergency funds [4:09] Your emergency fund needs to be liquid [7:18] Is your bank taking advantage of you? [10:10] What you need to know about online banking [14:21] How to open an online bank account [16:45] Why do online banks offer high interest rates? [17:28] What if you have more in your emergency fund? Your emergency fund needs to be liquid Once you have an emergency fund saved, what do you do with it? It needs to be liquid. You have to be able to access the money immediately. So you don't want the money in annuities, CDs, stocks, or bonds. You want the money in high-yield savings accounts or maybe money market funds. But you have to be careful with money market funds. Why? Some can go down in value. I understand that savings accounts earn very little interest. However, the Fed has been raising the Federal funds rate. That is bad news for anyone borrowing money. If you want a loan to buy a house, you're likely to pay 7–8% in interest on a 30-year fixed-rate mortgage. However, higher interest rates are great for people saving money. When you open a savings account, you're lending money to the bank in return for an interest rate. Why? It's in return for the bank using your money. Interest rates in your savings account should rise whenever the Fed raises interest rates. [bctt tweet="Your emergency fund needs to be liquid. Why? I share the details in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Is your bank taking advantage of you? Do you know what interest rate your bank is offering you right now? Do you know what you deserve? Wells Fargo, Chase, and the Bank of America are only paying 0.01%. If you have a hefty balance, the interest rate might go up. But how much? Do you know? Now is the time to get what you deserve with your emergency fund. Some online banks are offering much nicer interest rates. Capital One is paying 3.4% in interest right now. Ally Bank is also offering 3.4%. American Express offers a high-yield savings at 3.5%. These banks are keeping up with interest rates. Plus, if you have an online savings account, you should receive notifications every time your interest rate rises. Brick-and-mortar banks rarely send out updates. What you need to know about online banking “Popular” and “My Savings Direct” are paying over 4%. Is that interest rate too good to be true? Maybe. There are some things you need to fully understand about online banks. Make sure you read the fine print. Do Popular and My Savings Direct have an account minimum? Maybe some banks paying higher interest rates aren't FDIC insured. What
This Episode is Sponsored By:CARESTACK | Cloud-Based Dental SoftwareClick the link below and get 1 MONTH FOR FREE + 10% OFF your Annual Subscription + 50% OFF Your Set-up Fee!Check out CARESTACK now: https://lp.carestack.org/thedentalmarketerGuest: Ross BrannonBusiness Name: Ross Brannon Financial AdvisorCheck out Ross's Media:850-566-7999Other Mentions and Links:Florida State UniversityMerrill LynchMorgan StanleyRIA - Registered Investment AdvisorParkinson's LawAlly BankBank of AmericaCostcoUsain Bolt 12,000,000 Savings LostDave RamseyDan Sullivan - Why I Don't Believe in RetirementBitcoinDogecoinEssentialism@thedentalmarketerHost: Michael AriasWebsite: The Dental Marketer Join my newsletter: https://thedentalmarketer.lpages.co/newsletter/Join this podcast's Facebook Group: The Dental Marketer SocietyMy Key Takeaways:If your savings and checking accounts are an iPhone swipe away, they are too close! Try opening accounts at different financial institutions.Always look for testimonials and high quality recommendations when considering a financial advisor.Instead of an end of the year CPA, search for a financial planner for quarterly tax planning.Do not sell your practice to a DSO too early! Owning a cash flowing practice over time can be much better that multiple years of up front revenue in an offer.Have a plan for retirement. If you are aimless in post-retirement plans, it will be an abrupt transition.The difference between a true business owner and a self employed individual, is that the business owner can walk away and it continues to run.Please don't forget to share with us on Instagram when you are listening to the podcast AND if you are really wanting to show us love, then please leave a 5 star review on iTunes! [Click here to leave a review on iTunes]p.s. Some links are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. Please understand that we have experience with these products/ company, and I recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something. Please do not spend any money unless you feel you need them or that they will help you with your goals.Episode Transcript (Auto-Generated - Please Excuse Errors)Michael: Hey, are you tired of managing multiple systems and worrying about the security of your patient's? Inform. Well Care Stack has got you covered. It's the ALLIN one cloud-based practice management solution for your practice. Here's a couple reasons why you need to switch over to Care Stack. They, number one, streamline your workflow with appointment scheduling, electronic healthcare records and billing management. Allin one, platform. Number two, not only will you save time, but you'll also improve the quality of patient care by having all the information you need about your patients in one. Number three, and the best part I think is Care Stack is cloud-based, so you and your team can access the information you need from anywhere at any time. Number four, with enhanced security measures in place, you can feel confident that your patient's sensitive information is protected. Five Care Stack is also customizable, guys, so you can tailor it to meet the specific needs of your. Six. It integrates with other tools and systems you already use, such as digital imaging, software and laboratory management systems. And seven, with the user-friendly interface, you and your team will be up and running in no time. These are just a couple reasons why, out of many, many reasons. So invest in your practice success with Care Stack. So go on the show notes below. Click on the first. In the show notes below to schedule a free personalized demo with Care Stack. And if you like what you see, you get the exclusive deal just for being a listener of the podcast. So go in the show notes below, check out what the exclusive deal is, the promotion right now happening with Care Stack, and also at the same time, schedule a free demo with Care Stack. You have nothing to lose, so go check that out. Hey, what's up guys? Welcome back to the Dental Marketer Podcast. I'm your host, Michael aas, and in this episode I'm speaking with Ross Brannan, who's a financial advisor and a strategic wealth specialist, and we dive into some really interesting topics and questions. He does holistic planning and he goes deeper into what that specifically is, and we discuss how there's so many financial planners, advisors out there. So how do we know who to trust and who we're. Take our money. So we dive into that. We also discuss how we can reduce taxes legally and what strategies dentists would appreciate most when it comes to budgeting or accruing wealth and savings. And then we discuss what he hates and loves about dentistry, how he thinks. Every dentist needs a system to ask for referrals, and we dive deeper into that topic and how people weren't really designed to retire, and we also dive deeper into that and what he means by that. So guys, without further delay, here is Ross. Ross, how's it going? Ross: Brighton, Mike, how are Michael: you? I'm doing pretty good. Thanks for asking. If you don't mind me asking, where are you located right now? Ross: I'm in Tallahassee, Florida. Oh, nice. So, uh, it, you know, it's, you know, it's January right now and it's 75 degrees in humid. So, uh, we don't really have a winter here. Michael: Yeah, that sounds nice right now though. You know what I mean? Like in. Like the weather, the degrees, and the heat. But that's all good. That's good. So Ross, tell me a little bit about your past, your present. How'd you get to where you are today? So Ross: I grew up in Atlanta. Uh, and I went to play football and scholarship at Florida State University back in the mid nineties, mid to late nineties. Uh, came to Florida State, had a lot of success. Um, started. On a national championship winning team in 1999, unfortunately had six knee surgeries while I was playing at F S U, so I didn't finish my career, but, uh, ended up staying in Tallahassee. Ended up marrying a local girl, now have five kids and two dogs. And I was a client of the firm that I'm a part of now, and I'd always been kind of financially minded and they kind of saw that so. Asked me to come work with them. And that was many years ago. Uh, and, and then, you know, I, as I'm working as a financial advisor, I work with a friend who's an orthodontist, and next thing you know, he introduces me to his college roommate who's a, who's a general dentist. And the snowball effect happens. And next thing you know, I've got dentists all over the country as clients and, uh, it's just kind of where I started focusing. Gotcha. Michael: So your area of expertise is, Ross: So I do personal financial planning for dentists now, and, and that's, that's a little bit different. Um, you know, cause I do holistic planning, so it's a little bit different than the traditional financial advisor. So to kind of educate people, there's a couple different silos in the financial advisor world. You have probably the majority of people are what's called assets that are management, you know, Might be a Merrill Lynch, it might be a, uh, Morgan Stanley, it might be an independent r i a, which stands for Registered Investment Advisor. And all they do is gather assets. So you really don't, they won't talk to you typically unless you have half a million dollars or more. And they will ma help you manage your money. And that's investment accounts, IRAs, things like that. And there's nothing wrong with that. That's, that's definitely a, they, they do, they help a lot of people then you. Maybe like the Northwestern Mutuals who do a little, a little more insurance work, what might be disability or life insurance. And then there's, there's very few, but I, I think it's probably the best. It's kind of what's you see as some, practices and advisors that integrate both insurance and investments, but then you find even less who really do planning. So a lot of times planning is basically planning around the facilitation of a financial product. Now we all need financial products. That's not bad. Is it really planning? So when we talk about holistic planning, the question is, what does that mean? Well, that means looking at everything that your money touches. So it could be something as boring as auto insurance, something as complex as legal in the state documents. or something as as practical as how much money you save and where you save it. And oh, by the way, if you're saving money in a checking account, that's great. Nobody gets paid on that, and that's why nobody talks about that. But that's something you have to talk about because having liquidity and saving money is a big deal. Michael: Yeah, that was a big deal, especially like two years ago, right in the middle of everything where everything was like covid and stuff like that. So holistic planning is everything your. Touches. So is that kind of like when we sit down and we are doing a budget, we're like, okay, where's our money coming out of? Like where? We're in debt. Well, yeah. Ross: so I've got some strong opinions on lots of topics. Budgeting is one of them. I, I don't think what I call spreadsheet budgeting works very well unless you're an engineer. And I'm not an engineer, and most people aren't engineers. Some people are. And so I'll ask people, Hey, what does it cost you live? What's your burn rate every month? And they'll be like, they'll look at me like I'm an alien. They have no idea. . So let's suppose their burn rate to $20,000 a month. Mm-hmm. . And let's suppose they bring home after tax $30,000 a month. And I'll say, okay, you're saving 10 grand a month. Right. They, they in look at me like I'm an alien, so I'm not here to put you on beans and rice. And if you're a dentist, you probably don't need to be. Some, some might, but you probably don't need to be. And so it's like, let's create a cash flow structure. that makes sense and works for you. the typical cash flow structure is all your check goes in your check account, you spend what's there, whatever's left over you save. And that's typically not very much. Michael: Mm-hmm. . Mm-hmm. . I feel like that's what we, we kind of tend to do a lot. So then let's do that. Let's build a cash flow structure. What does that look Ross: like? So because expenses rise to mean income, it's Parkinson's law. So that would mean something as simple as, okay, I have a dedicated account somewhere else, and that account, my check goes into that account. Let's just use my numbers of 20 and 30 as an example. $20,000 goes down to that, or $30,000 goes to that account. I need 20 a live. So that account then transfers 20 year checking account to live. And so now I'm automatically, by default, saving 10,000. . Mm. And so then every month it adds up. It adds up. So you build enough of a rainy day fund for whatever you need, that four. Then once it starts getting to a certain level, then you start saving. Then you start deploying that money to other investments. Too many people they're only savings as a 401K or something like that and, and then there's plenty of people listening saying, oh, I saved more than that, but I can promise you you're not saving as much as you could be or should. So Michael: how can we do that? What, what, because you're kind of talking about , you're also talking about me here. Like, I'm like, oh my everybody. Exactly. Yeah. It's a, it's a human being thing. It, it's exactly what I do. Like, I, I, and there's something in me where I'm like, I don't wanna see my checking account ever hit a specific number kind of thing, right. And I can allocate whatever left I have to savings and other things like that. But, . So you're saying have a specific account, make all the money go there, then by default, take out what you need to live. Ross: Yes. And they do not, they cannot be at the same financial institution. So for example, if you Bank of a Bank of America, you can't have two checking accounts or saving the account of checking account, run next to each other because it's only an iPhone. Swipe away. Yeah. I closed my savings account at my bank because it was just an iPhone swipe away. So you had, they have to be at separate financial institu. And what you do is you have the money. So if you bank of a Bank of America, you set up, you know, let's suppose you put, oh, your check goes into some online account. Let's call it Ally. Let's suppose your check goes to Ally. You don't have Ally. Push the money, you have Bank of America pull the money that way it avoids a fee. Michael: Mm. Okay. Okay. I like this. So then if we're not pro like spreadsheet budget, Where do we start? For example? Let's just say, so, Ross: uh, continue. Here's what I do. Okay? I'll go, what's, okay? What's your car payment? Uh, it's $560 for the month. Well, then I round up and call it 600 bucks. Okay. What do you spend on your cell phone? It's $213. That's two 50. And just round up, create a built-in fudge factor. Just go through every expense. What is gas? Well, gas is obviously a variable expense. Let's go on the high side. What is grocer? , let's go on the high side. Therefore, we have a 500 to a thousand dollars fudge factor built in because there's always things that come up. all right, so maybe your real cost will be is 9,000, but we're saying it's 10,000. And so we build that fudge factor in. Now you still have to be aware, cognizant of how much you're swiping, cuz nobody pays for cash anymore. you gotta be careful how much you click the Amazon button. so that's like legalized crack, that Amazon button. Um, yeah, it's so, so we have to do that now if you're a higher income person, because for dentists you mean, you've got dentists making, lower income, and then you've got dentists who are making much higher income. But if you're a higher income dentist, uh, the best way to save is to reduce your tax liability, to reduce the amount of taxes you owe. And then to the, the typical response is, I'm doing the best I can. My CPA says I am. and I would argue, no, you're not. More than likely you're not, because most CPAs don't do tax planning. Most CPAs prepare tax returns. That's what you're paying them to do. There are the rare tax planning CPAs, many of whom I know. Um, , but if you're not meeting with your C B A on a quarterly basis, you're not doing tax planning. that doesn't mean they're bad or they're a bad person. It's just the average C P A probably has 500 clients and, uh, you know, maybe five or 10% or less. are the super high income business owners. The rest are W2 employees, and so they aren't motivated to go learn advanced tax reduction techniques for the minority. It's just human nature. And so you have to begin to think outside of the box because we've been conditioned to think, oh, I have to pay what I have to pay. And uh, I was looking at a client case today. This guy makes $5 million a year. and through proper tax planning, it looks very likely that he'll be able to save a million dollars in tax if he implements the strategies that are available. Mm-hmm. , so there's a couple things there. Everyone's situation is different, so that doesn't mean that's you. and it requires work and you have to do certain things. So, When this is presented to this individual, he may not like the strategy for X, Y, and Z reason, and that's fine, but he just won't get the tax benefit from it. Michael: Gotcha. When it comes to that, what strategies have you noticed that are more popular? More what more dentists would appreciate, and ones that are Ross: like, eh, Well, it all depends. So the, so obviously the, the low hanging for the easy one is a 401k, so you can put, you know, up to 60 some odd thousand dollars into a 401k with, um, the profit sharing, uh, portion of it. And, and that's, that's a deduction. That's, that's right away. It's easy. you could then go on top of that with a cash balance plan. The way a cash balance plan works though, it's dependent on the census, meaning the age and demographics of your, your employees. So the older you are, the better. So if you're older and your employees are younger, it's better. But if you're 28 years old and all your employees are 45, it will not work. The numbers just don't make sense. So those are some low hanging fruit ones. Uh, there are some more advanced strategies that Some of them are, they're all a little more outside the box, but they are, uh, they work and you people just have to have an open mind and learn about 'em and see how they feel about 'em once they, once, once they hear Michael: about ' em. Like what are some of those? The out of Ross: the box ones? Well, there's certain charitable strategies that you could do. So you could do, uh, and obviously this is not a recommendation cuz everyone's situation's different. So you could do a charitable remainder trust and there's all different variations of. . so that that could be something. there are, uh, certain types of, um, investments that have, deductions tied to them. and so, yeah, and I'm, I'm speaking generally for the purposes of, you know, just cuz I don't want people to think I'm making recommendation mm-hmm. , but it really comes down to everyone's fact pattern is differently. So, . I'm 45. I have five children. I live in Florida. My situation is uniquely different than yours. You're younger than me. You live in California. every dentist situation is different, but if you are a high income earner, there are situations where advanced planning strategies can make sense and could potentially reduce your tax. Michael: Yeah. Cause I think that's something that we all wanna, , all wanna do as much as possible, reduce taxes. Well, well, Ross: I would argue the highest rate of return you're ever gonna receive is a dollar taken back from the irs. The second highest rate of return, in my opinion, is investing in your business. So there's no financial product or widget that I can offer you that is going to give you a higher return than those two. Yeah. Michael: I feel like, um, when it comes to your type of planning, right? Um, cuz you do personal financial planning, right? Not holistic planning, Ross: right? Well, holistic, it's, it's p holistic is personal. So we're looking at everything Michael: here. So when you're looking at everything, and maybe a practice owner also does separate things, right? Maybe they have investments in real estate, things like that. are those things like you recommend that or not? Maybe not recommend, but you're like, oh, that, that looks good. When it comes to reducing Ross: taxe. ? Well, there are definitely benefits to real estate. You know, obviously if you own your building, there are some tax reduction strategies with that, depending on the specifics of your building. real estate tends to be a very good financial asset. but you, you don't wanna just go buy it just because it's real estate. You get the numbers gonna make sense. You need to make sure, it makes sense as a part of your overall plan. Just buying blindly. Buying real estate isn't always the best thing, but buying real estate. Can be very, very good. Michael: Gotcha. Okay. And you mentioned something called fudge factor. Break it down at me. What is that? Ross: Well, I, you know, if I say it costs me $10,000 a month to live, there's always going to be, an unplanned expense. does it matter what it's, and so if I'm saying it costs me, $250 for gas for the month. I'm rounding up to $300 just to build a, a cushion of another $50 in the overall, budget. So if I put a fudge factor in over 15 items of like 60 or 70 bucks, that adds up. All of a sudden. Now it's like, okay, I got, I built in roughly a thousand dollars of. Cushion in case the numbers are office month, cuz the numbers are never gonna be exact. Mm. Michael: I like that, that, that helps me a little bit, my, I guess my mind to be put at ease because I feel like every time our numbers aren't exact, I'm like, where are we going wrong? What am I doing? You know what I mean? Kind of thing. And Ross: well, and the prices are going up. Yeah. We've had inflation the last year, so it's like, you know, the same thing. Doesn't cost the same thing. That's true. Michael: Yeah, you're right. I remember going to Costco and I was like, I'm getting the same stuff I've always gotten. Why is it, you know what I mean? More, but, Ross: well, just, Costco has, they put fairy dust in their stores and it makes you buy stuff that you wouldn't normally buy. Next thing you know, it's like $700 and you're like, what? What just happened? ? Michael: That's uh, that's so true, man. I don't know why that happens. I have, I have a question. . I don't know if you saw this about Ussein Bolt, right? But we were talking about it, us in a couple, a lot of us price owners and dentists not that long ago, where he depended on a financial company, right. Personal finance, something like that. And they kind of ran with it and took his money and so, Ross: oh, that happens all the time to professional athletes. Michael: how do we know who we can trust when it comes to personal financial? Ross: Well, I mean, you can do a FINRA broker check and, and I'm, I'm looking up you saying Bolt right now, just so now mm-hmm. Um, you can do a FINRA broker check. oh. Yeah, there you go. I see it right there. so you can do a FINRA broker check. That's not always going to, um, tell you the whole story, but I'll tell you if there's any complaints or anything on that. Um, obviously a high quality recommendation from somebody. anytime you are working with somebody, you know, you know, if you're making a kind of a non, non-traditional investment, you wanna make sure there's a lot of due diligence done. So I like, I don't know what kind of investment account he has. or he had, but uh, you know, those people are probably gonna go to jail if they get caught. What is he gonna get? His 12.7 million back is a different conversation. But, FINRA broker check, any outside the norm Investments I would require, I would, I would, make sure there's lots of due diligence on it. Many times you'll hear about these great ideas that there's no due diligence on it. And then, you know, , ask for, uh, recommendations, ask for testimonials from, you know, you're dealing, you're talking to John Doe, financial advisor. He's, he's trying to make you his client, ask for, um, testimonials from some of his clients. Michael: Okay. That's good. And then when would you recommend as a good time to start? Let's just say I'm a startup practice. I'm a, have $700,000 in debt. Right. Um, when would it be a good time? Break even, or a little bit before that, once I reach a certain amount, when would be a good time to start doing this holistic planning. Well, Ross: most people don't really get serious about their money until they have a kid. that that's how typically most people work. But if you buy a practice, you know, obviously the first year or two you're just kind of swimming upstream. Once you feel like you've at least kind of got your head above water, it's probably time to at least start having a conversation with somebody just to get a, a few of the basics taken care. Michael: Okay. Okay. And that's like where we can reach out to you or somebody like that, right? Yeah. You Ross: reach out to me or somebody else. But I mean, there's just certain things you should make sure you do, from a personal planning standpoint. But I realize most people in that situation, they're so focused on just trying to get things going. They don't have the mental bandwidth for something like that at that point, typically. Yeah, Michael: because I feel like sometimes you just. Okay. Yeah, I'm gonna do a 401K or ira, and then I have a savings, then I have a checking, and then I'll just keep racking it up. Right? Why is that not a good idea? Ross: Well, okay, so should you put money, let's just uses pick on the ira. So you're 27 years old, you have a, you're a brand new practice. Should you put money on ira? Well, everyone says start saving for retirement and, and what's funny? . I had someone in my office, they were talk and they had just finished school, finished, uh, dental school, and they were talking about saving for retirement. And I said to them, you're already start talking about quitting your job before you even started it. so I, I'm not a big retirement guy. If you read the history of retirement, it's, it's kind of a made up thing in the 20th century. Mm-hmm. , um, no one's ever retire. and most people when they retire, it doesn't go well. But that's another topic for another day. But so you're 27 years old, you put money in a retirement account, which means you cannot touch it until you're 59 and a half. What's more important at 27 years old than new practice money that you can't touch for 32 years or money in a savings account for a rainy day? And they're like, absolutely, well, I'm not gonna save for retirement. Which by the way, you don't just use retirement accounts for retirement, use all, all of your assets, all of your investments. And so not putting whatever amount you were gonna put in for the first couple years is not gonna change your retirement, whatever that looks like. But, Not taking on credit card debt cuz you don't have enough cash flow or, cash or, not being able to buy a house cuz you don't have enough cash. That's tough. I mean, I, I mean there's doctor loans out there, but still you, you need liquidity and, and enough savings. Michael: Gotcha. So then what do you recommend then for that 27 year old Right. Who just opened another practice? Like what moves can we make Ross: stash? oh, I'm not making any interest on my cash. That's correct. Not all your dollars are supposed to make in, are supposed to earn interest. You need to have a rainy day fund. What happens if I have no liquidity and all of a sudden my breaks go out? And by no liquidity, I mean no savings. I have no my, my breaks squad. I gotta get no breaks. What does that cost? if, what if I need new tires? . life will throw all sorts of things at you that cost money and we need liquidity to do that. So, more often than not, there are some people who have too much savings, but usually it's people who have too little savings, not too much. Hmm, Michael: gotcha. So when it comes to the too much savings part, let's just say we stash cash, we're like, okay, we, we can cover enough for like the breaks to go out a million times, right. Or whatever. What do we do now do? Is that when we start with like our, Ross: well, I think you need to determine what I call your peace of mind number. So what does it take you to sleep well at night? Okay. Is it 50,000? Is it 10,000? Is it a hundred thousand? It's a different number for every people. For every person, so you know, whatever that number is. Anything over and above that, I would start deploying to an investment. and there's obviously millions of types of investments. The most, the easiest one is just to set up a brokerage account, whether it's through an advisor or through yourself and, and start putting money in there. But there's a million different ways to deploy capital. Michael: Gotcha. And so that's where we can kind of come in and be like, Hey, Ross, like, what should I do? Right. Like, look at my stuff. Yeah. Ross: Yeah. I mean, that, that's one of the many things that I do. So, um, but there, there's a lot of things that quite frankly, have to be done before. Michael: Does anybody ever go to you when they're like, I'm drowning in depth. I have no idea where these holes are coming from, or I kind of can tell, I'm like, I'm not even living with a life that I want, or whatever. What, what am I doing wrong? Does anybody ever go for you? Ross: Um, they have on occasion, to be honest with you. I, I can help those people with something. Really, what I focus on though, and if you're drowning in debt, just listening to someone like Dave Ramsey probably makes sense. Now, I don't agree with everything Dave Ramsey says, but he helps a lot of people. I think the challenge with him is some people listen to him when he's not the demographic he's, he's reaching to, but he helps a lot of people who are in debt. Um, so, but you know, really if you're a high income I dentist, you know, that's typically where I tend to really help people the most Michael: and that's where you help them with allocating to. Ross: Places, well, it's making, making sure their cash is going the right places, making sure that they're talking with the right tax professionals to mitigate their taxes. I'm not a C P A, I'm not an enrolled agent. I do know an a fair amount about taxes, but there are tax attorneys and there are tax professionals that, um, I connect my people with my clients with to make sure they are, paying the least amount of taxes. Michael: Gotcha. That's interesting. Okay, so then Ross, what can a dentist do today to improve their business? Ross: So, that's a really good question. So there is this continuum that I say for dentists. So, uh, on one side you have dentists who basically own a job. These are all people who their own, their own practice. Dentists who own, own, own their job. It's a good job, but they own. Their job. Then you have dentists on the opposite extreme who are business owners who happen to be dentists. So for example, like I have a friend, he wa, he practices two days a week. It's a fee for service practice. He makes 2 million a year. He is a business owner that is a dentist. I've got numerous clients and friends who make more than that and they're business owners. And then there are some who. , own a job. It's a good job. And there's, and owning a job and being a business owner, one is not better than the other, but it's what do you want? Now, obviously most people are in the, between, in the middle. But what do you want? you wanna be a business owner, maybe you don't have the skills to do that will go educate yourself, find a mentor, and learn how to be a business owner and, and grow your practice because this is the greatest. Way to create wealth in America is owning a business and a dental practice is a business. Michael: Gotcha. And I feel like a lot of people might mainly want to do that. They want to own their, they wanna be the business owner, you know what I mean? Um, yeah. But Ross: a lot of people are very shortsighted and they make a critical mistake, which you're gonna ask me about here in a minute. What is that? They'd sell out. The DSO is way too young. They, they're giving away the golden goose. So I have a cash register. In my basement that throws off whatever amount of money a year, and now I sell it for five to seven years of cash production, and it's gone forever. So if I'm a dentist, I make a million bucks a year, I sell my practice and I get 7 million. I don't do tax planning, I get murdered on taxes. and now I am no longer a business owner. I'm a W2 employee. I've lost all my deductions. I'm making half of what I was, and I'm basically somebody's employee and I can't do what I want. I had a guy, he, so he was 47 years old. He sold his practice for like 10 million bucks and he says, I said to him, Hey, now you sold your practice. What are you gonna do? He goes, I'm gonna manage my investments. And I looked at him dead in the eye and I said, brother, you ain't that. Unless you're day trading. And, uh, you know, he's heard me say this story before on podcasts. He's like, were you talking about me? I was like, yeah, I was talking about you. And he is like, man, I wish I hadn't sold. It's the biggest mistake I ever made. Michael: So then when, where is it? Where is it? Where it's like, now it's okay to sell? Ross: Well, first of all, Do you wanna sell for the highest dollar? If you do, you're selling to a D S L. You're not selling to an associate or somebody else. Second of all, I don't believe in retirement. I believe in transition. What are you gonna do next? If you don't have a plan after you sell, you're gonna go freaking insane. I've seen people who have gone into deep depression after they retired because they're, they didn't have have anything planned. If you're gonna sit home and watch TV or watch Netflix or whatever brother you have, you might as well just go ahead and start buying your, uh, your coffin. I mean, people were not designed to retire. If retire means do nothing, you have to have a plan. Second of all, a lot of people don't realize how long they're gonna live. Most people, higher educated and higher income people live. Those are the facts. Whether they're fair or not is besides the point. There is a high probability that most people are gonna live to a hundred years old. Well, 10 million at 47 acts pretty hard to get to a hundred years old. But the longer you work, the less money you need. Not suggesting you should go spend all your money, but what are you gonna do? So you gotta have a plan. Maybe you decide that you want to go. change careers, that's fine. just don't sell because you got some crazy number. What if you decide to build your business bigger and then sell for twice as much in 10 years? Yeah, Michael: I feel like sometimes. So then what? What is the driving factor that in your experience, that you've seen people sell to Ross: soon? Well, a lot of people hate their job. there's a lot of dentists who hate being dentists. There's also a lot of dentists who hate managing people. and that, you know, cuz in dental school you don't learn, you don't learn business, you just learn clinical. Mm-hmm. And I've seen people try to sell a practice cuz they hate managing people. so that's a challenge. And but I mean, as a dentist you are starting late. You went to, you went to four years, four, at least four extra years of school, you likely incurred a large amount of debt. So you're late to the party when it comes to saving. So these are things that we, we've gotta make sure that we think through. Just cuz you heard someone get some great, some great multiple, doesn't mean you're gonna get that same multiple. It's not the same situation and you may hate your three to five year earnout, and then you may walk away and lose all that money, which I've heard numerous stories of it. Michael: Yeah. Interesting. Okay. Okay, so then. We really, really need to brainstorm on this, right? Like, think about it. What are we gonna be doing after? If you're ready to retire? Are you even sure you should be retiring right now. Ross: So anyone who wants to think of the word retirement, they should Google the name Dan Sullivan and Retirement. Dan Sullivan is the founder of Strategic Coach and he does a lot of, he's talked a lot about retirement and what it really means and what it is. Mm-hmm. . , I think we've been conditioned about this whole concept of retirement and I don't buy it. I don't ever wanna retire. Mm-hmm. , my dad had a force retirement. He was a good saver, so he was okay financially, but he retired in his early fifties and I saw him over the next 20 years physically and cognitively declined to be a shell of himself. I saw that. I was like, I ain't doing that no interest whatsoever. I'm never stopping working. I mean, I may do something else, but I'm not stopping working. Michael: Yeah. No, no, no. But I mean, like, what do you mean by like your dad? He became Michelle like, he's like, Ross: well, he is physically, he's so frail. It's not because he's so is 75 years old. Even he is still alive cognitively, he's not using his brain. Your brain's a muscle. He watches TV all day and he is, you know, he's just a parrot of what's ever on tv. He can't have an intellectual conversation. it is just, it's no way to live. Yeah. So I I'm not doing that. Michael: Yeah, no, I get you. I get you. I, I don't, I don't ever think. I don't ever think I can just stand still and, um, you know what I mean? Like, just be there. It's like your brain's constantly like, oh, this idea has to, has to happen right now, you know, kind of thing. And you build it, do something, uh, conversation. So I agree. You said Dan Sullivan Retirement. Ross: Yeah. Google those three things. Okay. Dan Sullivan's the founder of Strategic Coach and it's a phenomenal program I would probably recommend any dentist, any business owner, consider it. Okay. So, all right. So the, if you type, if you type Dan Sullivan retirement into Google, it's not Sullivan Retirement Resource. The first one. It is the second link. It's why I don't Believe In Retirement by Dan Sullivan. Okay. Michael: Okay. It's gonna put a link to that in the show notes below so you guys can, can also read about it. Check it out. I'm gonna read about it. Check it out. You know what I mean? Oh, oh yeah, for sure. Yeah. Awesome. Okay. Okay. So. These next questions, Ross, are just to get into the head of, of someone who isn't totally involved on the clinical side of dentistry. Right. Okay. So for you, what would you like to see more from a dentist? Ross: Well, it's hard for me not to go back to the start thinking like a business owner. . So you start thinking like a business owner. And I think that enhances the overall practice in so many ways. It enhances the lives of the staff because if you start thinking like the business owner, you start creating more revenue. And now you can also, as you create more revenue, you can start paying your people more. You can start rewarding them more. and so I think that I is a really important idea. And the, and the bigger you go, the more people you. . Do you feel Michael: like sometimes dentists think they're thinking like a business owner, but there's signs that Ross: they're not? I think everyone who owns a business many times thinks they, they're thinking it and, and they may be missing them both, even you and I. So, um, the question is to really be a business, can you walk away and still continue? versus being self-employed. so the example I gave someone practicing two days a week, he's got two or three associates. If he walked away completely, he may not make money he's making, but he is still doing really well. Michael: compared to someone who can walk away. Okay. And then right. What do you hate about dentistry? What do you not really like at all about dentistry? Ross: Okay. At the risk of offending people, uh, I don't like that they're sheep and that kind of comes up harsh, but they all do the same thing. They all join the same club. They all get the same Facebook group. If one person says it, they all. . It's like if one person says by Bitcoin, then all of Bitcoin was bought by Dennis . I'm, I'm exaggerating, but only slightly, I'm making a broad brush, uh, generalization, but they tend to they just tend to all do the same thing. and they trust anybody who is a dentist or a former dentist, and there are some people out there who are, you know, dentists and they give recommendations to people and they're just not good or they just immediately trust them because they are a dentist. or a former dentist or whatever. And I mean, not that these people are bad people, but you just have to be a little wiser and smarter about what you do. Um, you can't just join something or be a part of something or trust somebody just because they do what you do. And you know that, that might be a little unfair on my part because, you know, there is a, a, probably a fraternal feel. To someone in your industry, but, you just wanna, I mean, and I'm not saying that they're bad groups or bad people, but don't just do it because everyone else will do it. Start to think a little bit contrarian, if that makes sense. So I'm not trying to disparage anyone individually, I'm just saying people need to think for themselves and not just follow the crowd. Gotcha. You see that pretty. I mean, I've seen a fair amount of times and, uh, I view jokes to, uh, some of the, some, some, uh, dentists. I said, you know, there I met like a few guys from, one certain Facebook group and I said, oh, that, that group's a cult. And they just started laughing. And so, uh, so it's kind of funny. Michael: Okay. Okay. And then right now, what do you love about dentistry? Ross: I love that. I love that it's an opportunity to build a business. I was talking to a. a senior in, in, in college, and he wanted to go be, he wanted to go be a doctor, a physician. I said, dude, go be a dentist. You'll make twice as much money. And most physicians are W two earners. and they gotta go to med school, then they gotta do a residency versus dentist. You know, you're, you're a business owner and so you have the ability to make so much more. You're not getting. , your pay cut by insurance reimbursements. Obviously dental insurance has its challenges, but nothing like medical insurance. and so it's just an incredible opportunity to create wealth. Owning a business is a great way to create wealth. Michael: Gotcha. Okay. And then right now, what, when it comes to, I guess, building wealth, pieces of advice, can you give us like instructions when it comes to, uh, building that Ross: well, I would assume everyone who's listening has heard of Warren Buffet, and he says, the number one habit to acquire is the habit of thrift. What does he mean by that? He means savings. Save your money so I can prove your savings rate is more important than your rate of return. So saving 20 or 25% or 30% of income is more important than getting 10, 11, 12%. Now, you do wanna get a rate of return on your money, don't get me wrong, but you wanna save at a high savings rate, first. So save money. Now, obviously you need to invest it, but save your money. Michael: Gotcha. Okay. So. Save it as much Ross: as you, let's, let's, okay, let's, let's deal with the problem of too much savings versus having too little savings. So if I told everyone listening, don't do a thing with your money until you get a hundred thousand dollars in the bank. There'd be a lot of people who have have to stop doing what they're doing until they get a hundred thousand dollars in the bank. So let's save our money. There's lots of places to deploy capital, but we need to have a lot of cash on. Michael: Yeah, I, I, I think it's, uh, I think it's Ramit Safety from that book. I will teach you to be rich where he is like, saving isn't sexy, but it's like the best thing we can kind of do. Right. Just like, just put it in there and that's it. just don't move it. But we get that shiny object syndrome sometimes where we're like, what? Oh, they're doing this. We gotta do that, and then we gotta do that. And we got, you know what I mean, kind of thing. Ross: It's like what Elon tweeted about Dogecoin, let me go buy $10,000 worth Doge Dogecoin, which is the same thing as lighting my money on fire. Michael: I fell into that and then I was like, uh, it's there now. It's, you know what I mean? But you're right. It's the, it would've been better just to save it way, way better. So I get you a hundred percent. Awesome. Any final pieces of advice that you wanna give to our listen? Ross: No, I mean, nothing at all. Just, I mean, there's a lot of advice that's kind of in silos out there and, and really you want to get advice that's kind of, like I said earlier, more holistic. So that's the ideal scenario. obviously everyone has some things are trying true no matter what. Some things are opinion, but you want to mathematically verify whatever you're talking about. So let's weigh and measure decisions so we know. What the right decision is. Michael: Gotcha. Awesome. Awesome. Ross, I appreciate your time. Thank you so much for being with us, and if anyone has any questions, where can they find you? Ross: Two places. One ross brennan.com. The site's getting rebuilt. It's, it's sufficient for now. It's getting rebuilt though, so if it's not as sexy as you like, please forgive me. Um, but ross brennan.com or you can call me or text me. Uh, I, I, I answer every phone call. I'm not afraid of the phone. Uh, eight five oh five six six seven nine nine nine eight five oh five six six seven nine nine Michael: nine. Awesome. So that's gonna be the show notes below. And Ross, thank you for being with us. It was a pleasure. And we'll hear from you soon. Thank you Ross: so. Michael: Thank you guys so much for tuning into that episode. And Ross, thank you so much for being a part of the podcast. We truly appreciate it. Guys, if you wanna reach out to him or you wanna talk about this episode or any other episode in the past, you can definitely do so two ways, actually. You can do it on our Instagram. Just search us under the Dental marketer. That's our handle. You can find us there. Or second, you can join the Dental Marketer Society Facebook group. It's a free Facebook group. It's gonna be in the show notes below the link to that. You can definitely talk to the guests who've been on this podcast, or you can talk to other guests who've been on other episodes in this podcast as well on there and ask any questions or concerns. But thank you guys so much for tuning in and don't forget to check out Care Stack. More and more people are signing on because it's an in. Cloud-based practice management software. So click the first link in the show notes below to see more and schedule a free personalized demo. And you can see all the exclusive deals that, uh, you're gonna get as well in that link in the show notes below. So if you're just nosing, you wanna check that out, go ahead and check that out. All right guys, so the book is called Essentialism by Greg Macallan, and the quote is, pause Before You Speak. It can greatly reduce the possibility of making a commit. You'll regret. All right, that's gonna do it for this episode. Thank you so much for tuning in, and I'll talk to you in the next episode.
As one of the early digital banking leaders, Ally has leveraged product innovation and highly relevant marketing campaigns to drive awareness and growth. Focusing on being an ally to consumers in their financial journey, Ally has tried to differentiate itself from traditional banks and credit unions. Consistency of message and a commitment to incremental product improvements have proven to be a formula for success. My guest on the Banking Transformed podcast is Andrea Brimmer, Chief Marketing and PR Officer at Ally Bank. Andrea shares how Ally is driven to become a primary partner when consumers look for help during difficult economic times and beyond. This Episode of Banking Transformed is sponsored by FIS Discover Worldpay for Platforms, a payments platform that puts you in control and puts your software customers first. This all-in-one payment facilitation platform offers more than just embedded payments. With Worldpay for Platforms, take advantage of a full set of solutions including professional, managed, and advisory services to enhance your business. Make your software even better with a solution that easily integrates and adapts to your needs, helping you create experiences beyond payments. Visit FISglobal.com/WorldpayPlatforms to learn more.
You have to make a basic decision about your finances: Will money work for you or against you? The way you manage it can bring prosperity or drag you down into financial bondage. We'll talk about that today on MoneyWise. Proverbs 22:7: The rich rules over the poor, and the borrower is the slave of the lender. Now, we all know that's true, but today we want to drill down a bit into exactly how money can make you a slave and how you can prevent that from happening. It's all about compound interest, which Einstein once called the 8th wonder of the world. And like many wonders, it seems there's still some mystery about compound interest. THE POWER OF COMPOUNDING A recent financial literacy survey found that individuals who fail to grasp this concept have higher transaction fees, run up more debt, and pay higher interest rates on credit cards and other loans. Compound means that two things are added together, in this case, principal and interest. And here's how compound interest can be either a financial blessing or a curse. It works the same for both savings and debt. In very simple terms, compound interest means that your savings account or your debt will grow quickly. It's calculated on your principal amount, plus your accumulated interest. So the total amount you pay or receive in the case of a savings account will change. It grows over time. Compound interest either accrues or pays interest on top of interest, and that's how it grows so fast. It also makes it a double-edged sword. Compound interest works for you if you're saving money but against you if you're borrowing. Let's use the example of a credit card. Say you have a $6,000 balance, and we'll use a compound interest rate of 17-percent, which may even be a bit low these days. Now, assuming you're paying only the minimum amount due each month, after five years your $6,000 balance will grow to $9,000 because you've accumulated almost $3,000 in interest. After 10 years your balance will be $15,500 because you've added an additional $6,500 in interest. At that point, you actually owe more in interest alone than you did with your original principal. And it gets even scarier, after 15 years your balance is a whopping $26,000! That's how compound interest works against you, and that's how the borrower becomes slave to the lender, especially in the case of today's rising interest rates. But compound interest works in your favor when you become the lender. That's what you're doing when you put money in a savings account. You're loaning money to the bank. And just as rising interest rates hurt you as a borrower, they make your money work even harder for you when you save. Let's use the same amount we started with in our credit card example: $6,000, but flip it around. You put that amount in your savings account earning 1.2% interest, which is even a bit low these days with online accounts. And you make no additional deposits or withdrawals. After five years, at even that low rate, you've earned almost $400 because of compound interest. Each month your principal grows, and you're paid even more interest on that higher amount. After 10 years you've accumulated nearly $1,000 in interest. And after 15 years you've earned about $1,500 in interest. Again, you have to make a decision whether compound interest will work for you or against you. MAKE COMPOUND INTEREST WORK FOR YOU Obviously, you want it to work for you. That means never carrying a balance on credit cards. Pay off the entire balance each month. Also, pay off other consumer loans as quickly as possible, making additional payments on the principal if you can. You also need to start saving. And the first place is with your emergency fund to eliminate the need to use credit. Start by saving $1500. Keep going until you have one month's worth of expenses saved. Eventually you want 3 to 6 months worth in your emergency fund. Keep that in a higher interest online account. They give you a better rate than brick and mortar banks. We like Ally Bank, Marcus and Capital One 360 to name a few. They're very safe and carry FDIC insurance up to $250,000. Do those things and you'll put your money to work for you, not against you. On today's program, Rob also answers listener questions: ● How do you select the best mortgage for a home purchase? ● How can you help young adult children to build credit without taking on debt? ● Should you consider working with a company that offers cash in exchange for a percentage of your home's future value? ● How do you go about finding a good used car? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29
You have to make a basic decision about your finances: Will money work for you or against you? The way you manage it can bring prosperity or drag you down into financial bondage. We'll talk about that today on MoneyWise. Proverbs 22:7: The rich rules over the poor, and the borrower is the slave of the lender. Now, we all know that's true, but today we want to drill down a bit into exactly how money can make you a slave and how you can prevent that from happening. It's all about compound interest, which Einstein once called the 8th wonder of the world. And like many wonders, it seems there's still some mystery about compound interest. THE POWER OF COMPOUNDING A recent financial literacy survey found that individuals who fail to grasp this concept have higher transaction fees, run up more debt, and pay higher interest rates on credit cards and other loans. Compound means that two things are added together, in this case, principal and interest. And here's how compound interest can be either a financial blessing or a curse. It works the same for both savings and debt. In very simple terms, compound interest means that your savings account or your debt will grow quickly. It's calculated on your principal amount, plus your accumulated interest. So the total amount you pay or receive in the case of a savings account will change. It grows over time. Compound interest either accrues or pays interest on top of interest, and that's how it grows so fast. It also makes it a double-edged sword. Compound interest works for you if you're saving money but against you if you're borrowing. Let's use the example of a credit card. Say you have a $6,000 balance, and we'll use a compound interest rate of 17-percent, which may even be a bit low these days. Now, assuming you're paying only the minimum amount due each month, after five years your $6,000 balance will grow to $9,000 because you've accumulated almost $3,000 in interest. After 10 years your balance will be $15,500 because you've added an additional $6,500 in interest. At that point, you actually owe more in interest alone than you did with your original principal. And it gets even scarier, after 15 years your balance is a whopping $26,000! That's how compound interest works against you, and that's how the borrower becomes slave to the lender, especially in the case of today's rising interest rates. But compound interest works in your favor when you become the lender. That's what you're doing when you put money in a savings account. You're loaning money to the bank. And just as rising interest rates hurt you as a borrower, they make your money work even harder for you when you save. Let's use the same amount we started with in our credit card example: $6,000, but flip it around. You put that amount in your savings account earning 1.2% interest, which is even a bit low these days with online accounts. And you make no additional deposits or withdrawals. After five years, at even that low rate, you've earned almost $400 because of compound interest. Each month your principal grows, and you're paid even more interest on that higher amount. After 10 years you've accumulated nearly $1,000 in interest. And after 15 years you've earned about $1,500 in interest. Again, you have to make a decision whether compound interest will work for you or against you. MAKE COMPOUND INTEREST WORK FOR YOU Obviously, you want it to work for you. That means never carrying a balance on credit cards. Pay off the entire balance each month. Also, pay off other consumer loans as quickly as possible, making additional payments on the principal if you can. You also need to start saving. And the first place is with your emergency fund to eliminate the need to use credit. Start by saving $1500. Keep going until you have one month's worth of expenses saved. Eventually you want 3 to 6 months worth in your emergency fund. Keep that in a higher interest online account. They give you a better rate than brick and mortar banks. We like Ally Bank, Marcus and Capital One 360 to name a few. They're very safe and carry FDIC insurance up to $250,000. Do those things and you'll put your money to work for you, not against you. On today's program, Rob also answers listener questions: ● How do you select the best mortgage for a home purchase? ● How can you help young adult children to build credit without taking on debt? ● Should you consider working with a company that offers cash in exchange for a percentage of your home's future value? ● How do you go about finding a good used car? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29
Lots of good stuff from listeners lately! Time to share. We'll also review Ally Bank, visit a Pirate Hours, tell the truth about FlexSeal, and review the virtual Ally Bank. For information on the Panama Canal cruise, please follow this link! FIND US: We're on Facebook (Built to Go Group), Instagram (@collegeofcuriosity), Twitter (@colofcuriosity), and we have a Discord server (invite at top of main page at builttogo.com.) A forgotten 17th century well in the Bahamas. Product Review: Ally Bank Not perfect, but a decent solution for virtual banking. https://www.ally.com Resource Recommendation: Ingredient Substitutions If you don't have A, you might be able to use B! https://food.unl.edu/article/ingredient-substitutions A Place to Visit: Graycliff It's a pirate hotel in the Bahamas. What more do you need? http://www.graycliff.com BONUS: 20,000 Leagues Under The Sea The original 1916 version, in the Public Domain. https://www.youtube.com/watch?v=5V0lXJmb5w0 Some links are affiliate links. If you purchase anything from these links, the show will receive a small fee. This will not impact your price in any way.
Build-to-rent housing is taking off and more home contracts are falling through. We're probably not headed for another 2008 in the housing market, but it sure is weird out there. We've got two views on residential real estate, from renting and home lending. Rent CEO Jon Ziglar joined Motley Fool Contributor Matt Frankel for a discussion about: - The numbers behind rent increases. - The rise of build-to-rent housing. - How the rental landscape shifted over COVID. Brandon Snow, Executive Director, at Ally Bank caught up with Motley Fool Contributor Marc Rapport for a chat about the residential real estate market, and why more home contracts are falling through. Stocks mentioned: RDFN, HHC, ALLY Hosts: Matt Frankel, Marc Rapport Guests: Jon Ziglar, Brandon Snow Producer: Ricky Mulvey Engineers: Dan Boyd, Brandon Gentry, Spencer Daniel, Michael Schweitzer
In Ep. #27, Caroline sits down with Bridget Sponsky, the Executive Director of Brand, Sports and Sponsorship Marketing at Ally Bank. At the 2022 espnW Summit, Ally announced a pledge to achieve equal spending in paid advertising across women's and men's sports programming over the next five years. Additionally, to mark the 50th anniversary of Title IX, Ally will turn its 50/50 media spend pledge into action by launching "Watch the Game, Change the Game," a new national advocacy initiative spanning broadcast, digital and social media channels aimed at rallying viewership of women's competitions."Watch the Game, Change the Game" will support the drive for equity in sports media coverage with a new TV spot and marketing campaign featuring real female athletes at the top of their game, rally scarves for fans to show their support, and takeovers of field signage at National Women's Soccer League and Women's International Champions Cup games. This initiative is intended to act as a call to action because Ally believes that more representation in media will help create long-term sustainability for women's sports and drive fandom, followership, and deepened engagement with core audiences for the brands that invest.In this episode, hear Bridget talk more about Ally's women's sports-focused initiatives, and discuss why the brand is so committed to creating gender equity in sports.For more information on Ally's "Watch the Game, Change the Game" campaign, visit watchtochange.com.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
675: In this interview, four executives from the financial services industry give their perspectives on talent, data, and innovation at their respective companies and what the future of the industry looks like. Citizens Bank's Michael Ruttledge discusses the company's in-house engineering academies and training programs and how automation is helping with a more efficient self-service-focused customer experience. Comerica's Megan Crespi covers the DE&I recruiting programs at the company and her thoughts on the “Amazoning” of customer expectations. Ally Bank's Sathish Muthukrishnan talks about leveraging data to differentiate the digital-born company from its competitors. Finally, Truist's Scott Case gives insight into the merger of BB&T and SunTrust that formed the company and how its Digital Straddle helped facilitate the merger during the pandemic.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
676: In this interview, four executives from the financial services industry give their perspectives on talent, data, and innovation at their respective companies and what the future of the industry looks like. Citizens Bank's Michael Ruttledge discusses the company's in-house engineering academies and training programs and how automation is helping with a more efficient self-service-focused customer experience. Comerica's Megan Crespi covers the DE&I recruiting programs at the company and her thoughts on the “Amazoning” of customer expectations. Ally Bank's Sathish Muthukrishnan talks about leveraging data to differentiate the digital-born company from its competitors. Finally, Truist's Scott Case gives insight into the merger of BB&T and SunTrust that formed the company and how its Digital Straddle helped facilitate the merger during the pandemic.
Do not despise these small beginnings, for the LORD rejoices to see the work begin. Zechariah 4:10. That passage refers to the rebuilding of the temple in Jerusalem. The old wept, knowing it wouldn't have the grandeur of the old temple. Is there a lesson here about investing? We'll talk about that today on MoneyWise. INADEQUATE RETIREMENT SAVINGS A Bankrate survey has shown that Americans are saving far too little for retirement. About a third of us save 10% or less of our income. One in five save 5% or less, and a full 20% of Americans are saving nothing at all. You don't want to be in those groups. And this is a lesson about starting small. If you think you need hundreds or thousands of dollars to start investing, and you're living paycheck to paycheck, you'll never get started. The good news is you don't need that kind of money. GETTING STARTED But you do need to get started because financial security requires investing putting your money to work and allowing compound earning to grow what you invest. This starts with getting on a budget that enables you to spend less than you earn. Your budget, or spending plan, will determine how much discretionary income you have left over after you've paid all of your monthly expenses. By the way, the free MoneyWise app is a great way to set up your budget. It has three different options for budgeting and one of them will be perfect for you. We have trained volunteers to help you set up a budget and find ways to spend less for the things you need, so you can invest. The only charge is for a simple workbook you need to get started. Just go to MoneyWise.org to sign up with one of our coaches. DON'T BE AFRAID TO START SMALL Even if you barely have anything left over after the bills are paid, no matter. It's okay to start small!! You can even start investing with pennies. How do you do that? Start putting your spare change in a cookie jar or coffee can. You might be shocked to see how much is in there after just a month or so. And I would advise against using one of those coin counting machines at the grocery store that give you a voucher you can redeem at customer service for paper dollars. They take 8 to 11 percent of your money, and you don't want to start investing with a loss like that! So you take your rolled up coins to the bank and deposit them in your account. Now this is important: You have to move that money to someplace where you don't see it. So can set up an IRA at an online bank like Ally Bank, Marcus or Capitol One 360 Checking. You can choose a target date fund that's pegged to the year you expect to retire, and the account will manage itself. You can sit back and watch your earnings grow. If you use all of your coins in parking meters, you can try the five-dollar bill rule. Every time you get a 5-dollar bill in change, you can't spend it. Instead, it goes in the cookie jar. Then at the end of the month, you deposit your cookie jar money just like you would your spare change. Also, I know a lot of folks use debit cards for everything these days and they handle very little cash. No worries! You still have several micro investing options. You can check out Acorns, an app that links to your debit or credit card accounts. Every time you use the card, Acorns rounds up the transaction to the nearest dollar. It then transfers that tiny extra amount to a savings or investment account, automatically. That's especially helpful, because most brokerages require a minimum deposit to start, often thousands of dollars. In addition to Acorns, there's Betterment. It also has no minimum investment and charges a low .25% management fee. Then there's Stash. It requires only $5 to get started and you can invest for as little as $1 a month. And one more: RobinHood. It's not a so-called robo-adviser, like the others. You have to pick your own investments. But, there's no minimum deposit required and all transactions are free. So those are all good low cost or no cost investing opportunities for folks invest small. We hope you'll get started today! On today's program, Rob also answers listener questions: ● Is it wise to invest in silver or gold given soaring government spending and its potential future impact on the value of the US Dollar? ● How do you determine if your mortgage payoff amount is accurate? ● How should you balance paying down your mortgage with investing for retirement? ● What is the wisest way to finance significant home repairs? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29
Do not despise these small beginnings, for the LORD rejoices to see the work begin. Zechariah 4:10. That passage refers to the rebuilding of the temple in Jerusalem. The old wept, knowing it wouldn't have the grandeur of the old temple. Is there a lesson here about investing? We'll talk about that today on MoneyWise. INADEQUATE RETIREMENT SAVINGS A Bankrate survey has shown that Americans are saving far too little for retirement. About a third of us save 10% or less of our income. One in five save 5% or less, and a full 20% of Americans are saving nothing at all. You don't want to be in those groups. And this is a lesson about starting small. If you think you need hundreds or thousands of dollars to start investing, and you're living paycheck to paycheck, you'll never get started. The good news is you don't need that kind of money. GETTING STARTED But you do need to get started because financial security requires investing putting your money to work and allowing compound earning to grow what you invest. This starts with getting on a budget that enables you to spend less than you earn. Your budget, or spending plan, will determine how much discretionary income you have left over after you've paid all of your monthly expenses. By the way, the free MoneyWise app is a great way to set up your budget. It has three different options for budgeting and one of them will be perfect for you. We have trained volunteers to help you set up a budget and find ways to spend less for the things you need, so you can invest. The only charge is for a simple workbook you need to get started. Just go to MoneyWise.org to sign up with one of our coaches. DON'T BE AFRAID TO START SMALL Even if you barely have anything left over after the bills are paid, no matter. It's okay to start small!! You can even start investing with pennies. How do you do that? Start putting your spare change in a cookie jar or coffee can. You might be shocked to see how much is in there after just a month or so. And I would advise against using one of those coin counting machines at the grocery store that give you a voucher you can redeem at customer service for paper dollars. They take 8 to 11 percent of your money, and you don't want to start investing with a loss like that! So you take your rolled up coins to the bank and deposit them in your account. Now this is important: You have to move that money to someplace where you don't see it. So can set up an IRA at an online bank like Ally Bank, Marcus or Capitol One 360 Checking. You can choose a target date fund that's pegged to the year you expect to retire, and the account will manage itself. You can sit back and watch your earnings grow. If you use all of your coins in parking meters, you can try the five-dollar bill rule. Every time you get a 5-dollar bill in change, you can't spend it. Instead, it goes in the cookie jar. Then at the end of the month, you deposit your cookie jar money just like you would your spare change. Also, I know a lot of folks use debit cards for everything these days and they handle very little cash. No worries! You still have several micro investing options. You can check out Acorns, an app that links to your debit or credit card accounts. Every time you use the card, Acorns rounds up the transaction to the nearest dollar. It then transfers that tiny extra amount to a savings or investment account, automatically. That's especially helpful, because most brokerages require a minimum deposit to start, often thousands of dollars. In addition to Acorns, there's Betterment. It also has no minimum investment and charges a low .25% management fee. Then there's Stash. It requires only $5 to get started and you can invest for as little as $1 a month. And one more: RobinHood. It's not a so-called robo-adviser, like the others. You have to pick your own investments. But, there's no minimum deposit required and all transactions are free. So those are all good low cost or no cost investing opportunities for folks invest small. We hope you'll get started today! On today's program, Rob also answers listener questions: ● Is it wise to invest in silver or gold given soaring government spending and its potential future impact on the value of the US Dollar? ● How do you determine if your mortgage payoff amount is accurate? ● How should you balance paying down your mortgage with investing for retirement? ● What is the wisest way to finance significant home repairs? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29
Welcome back to The Cheeky Been Podcast, Episode 3! Today we welcome our FIRST guest, my very best friend, Meryl Balcome. Meryl is Chief of Staff at Ally Bank, a former collegiate athlete, wife and an overall badass. On today's episode Meryl joins the show to share her journey within the corporate world and how it is still an incredible place to work, dismantling the myths surrounding marriage counseling, choosing to not have children, and how she supported her father when he came out as a gay man at 60 years old. She is my very best friend and I am so excited to share this conversation with you all. Follow The Cheeky Been Follow Meryl Follow The Cheeky Been Podcast Read The Cheeky Been Blog Business Inquiries: thecheekybeen@gmail.com
Welcome to Season 2 and #HappyPride! We've missed you all, and thank goodness you're here! Like most of 2020, 2021 also has been a time for transitions. Some things are new and others not-so-much. So have a listen and see what's in store this #PRIDE. One of our team members also had the great pleasure to speak with the Chief Marketing and Public Relations Officer at Ally Bank, the wonderful Andrea Brimer, and Sean Mann, one of the awesome co-founders of Detroit City Football Club to discuss their support of Prideraiser, and how it supports the beautiful youth of REC. --- Send in a voice message: https://anchor.fm/voicesofrec/message
Welcome to our seventh News(ish) Breakdown with https://www.linkedin.com/in/lindsay-crusan-davis/ (Lindsay Davis) andhttps://www.linkedin.com/in/zachpettet/ ( Zach Anderson Pettet). Lindsay is the Head of Markets at https://atomic.financial/ (Atomic) and an all around fintech expert. In this episode, we cover Ally Bank's announcement that they're doing away with NSF / Overdraft Fees, what it means for the industry, and what's to come with this outdated, predatory fee. Go to www.forfintechsake.com for helpful links and more information.
Cousin Jus joins the show this week to chop it up with KG on a wide range of topics this week. During the intro, they chat about things they enjoy that society deems as feminine, before giving their takes on James Harden allegedly paying $100K to take Saweetie on a date. The guys then get into a few music topics - Soulja Boy/Bow Wow Verzuz and songs and dances that defined their prime years of clubbing. They chat about this week's news headlines: ⁃ Morgan Stanley CEO James Gorman wants to see employees back at the bank's offices by Labor Day or else face a pay cut. • President Biden signs bill to make Juneteenth, a national holiday. • Ally Bank, an online banking institution, announced that it will no longer charge overdraft fees to its customers. They then deep dive into - How far they would go in supporting their significant others, if they got canceled ⁃ Whether they could press charges on their child, if that child committed a crime against them Michael Steele then takes us out with the sign off message of the week. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
During this episode we talk about the importance of having a financial vision, using the vision to make empowered choices and the importance of teaching our kids the ins and outs of personal finance when they're young.…………..Guest Resources:Jenny Flicker is a personal finance enthusiast, health care advisor, soccer mom, wife, and entrepreneur who loves living a vision-driven life. Facebook: www.facebook.com/upsidefinancialservices/Facebook Group: https://www.facebook.com/groups/moneywisemommasLinked In: https://www.linkedin.com/in/jenniferflicker/If you're interested in the teen finance course Jenny mentions, shoot her an email and ask for deets: upsidefinancialservices@gmail.comAutomate your savings. Jenny mentions opening up a savings account at a different bank such as Ally Bank to create friction and more success when it comes to saving. We talk about the Green Light debit card during the episode. Go here and check it out: https://greenlight-card.pxf.io/c/2628721/974496/11976?subId2=customer.email&subId1=%7Bcustomerid%7D*I am an affiliate of Green Light. If you choose to sign up they'll send me a little love. …………..Vision Driven Mom Resources:Share: #visiondrivenmompodcastShow notes: http://www.visiondrivenmompodcast.comFacebook: https://www.facebook.com/visiondrivenmomInstagram: https://www.instagram.com/visiondrivenmom/Email: visiondrivenmompodcast@gmail.comGET UP OUTTA THAT FUNK CHALLENGE: http://www.getupouttathatfunk.comThe Overwhelm Cure: A Mom's Guide to Work/Life Harmony: https://one-foot-up.mykajabi.com/overwhelm-cure
Meena Thanikachalam, Head of Data Architecture at Ally Bank explains how building a world-class data platform in the cloud will transform the customer experience and build loyalty Traditional high-street banks were not at the forefront of the digital revolution. However, customers today demand instant access to high-quality digital experiences – a trend that has only been accelerated by the pandemic. Banks must use their data to develop a better understanding of their customers' needs, argues Meena Thanikachalam, Head of Data Architecture at online bank Ally in this week's episode of the Business of Data podcast. Thanikachalam heads up the team responsible for creating an innovative cloud-based data and analytics platform for the bank that is designed specifically with the customer experience in mind. “We are building a world-class data platform that will help improve our customer experience,” says Thanikachalam. “And will also help deepen our customer relationships and increase customer loyalty.” A core element of this customer relationship is to create an experience for the customer which feels bespoke. That is why Ally Bank have done the work to understand what their customers need and when they need it. “This platform is also looking at integrating omni-channel data and also data that we have collected about customer preferences,” she says. “Based on that we would provide a targeted and personalized experience for them.” Ally Bank is also using AI initiatives like cognitive computing and conversational AI to further enrich the customer experience and enable customers to do more without needing to speak to an agent. “In banking specifically, cognitive computing is used predominantly to have human-like conversations,” Thanikachalam says. “That is one area [in banking] where I see AI penetrating a lot.” Key Takeaways Develop a 360-degree view of the customer. Understanding what your customer needs and when they need it will help you shape your strategy. Write the data strategy to inform the customer experience. Identify what data is needed and which metrics will most effectively influence the customer. Don't forget the guiding principles. Scalability, reliability, performance efficiency, and operational excellence should guide your architectural work.
Andrea Brimmer is the Chief Marketing and PR Officer for Ally Bank. Ally Bank is a unique financial institution that is completely digital and prides itself on its customer service.Andrea talks to Jim about how Ally Bank's huge rebranding right after the 2008 financial crisis paid off, and what Ally is doing during the pandemic to help their customers. Andrea also talks about how a financial institution's brand purpose helps shape how they view and interact with customers, and more!Support our sponsor Deloitte and experience their guidance on resilience for brands in navigating the Covid-19 Pandemic. Learn more at Deloitte.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Diane Morais, President of Ally Bank, joins us to talk about the career implications of being a woman with a strong personality, Ally as a branchless bank, the intersection of […]
A great time saver is to have your bank pay your bills for you. But, you could run into problems if you don't monitor your account balance. Editor of Kiplinger.com, Lisa Gerstner has tips to saving time and money. http://www.kiplinger.com/ Kiplinger, along with Net Services, ranked Ally Bank as best overall for all banking needs, but which Credit Union got the highest score in the land? And if you are looking for a specialty bank, what are some the key words to search? If you move exclusively to on-line banking, how to you deposit a check? Lisa explains in the last segment of this episode. https://www.facebook.com/MoneyMakingSense/See omnystudio.com/listener for privacy information.
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