Podcasts about clarity money

Fun with taxes! Riveting, isn't it? On this 2017 roundtable powwow, Paula, Len, and Greg McFarlane flexed their obscure tax knowledge. The show originally aired in 2017 so ignore any mention of current events. Check out the original show notes here. FULL SHOW NOTES: https://www.stackingbenjamins.com/len-paula-greg-taxes-roundtable-rewind-1379 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Our ongoing series, Journal Your Way to Clarity, is designed to help you better understand how your life is shaped by your career, relationships, love, sex, money, family, and purpose. Today, we are discussing money. They say that money makes the world go round because it's absolutely necessary to feed and clothe and house ourselves and our loved ones. But within that purely transactional necessity lies another truth: money carries with it a tremendous amount of emotional weight. Think about a $10 bill. It holds the same buying power for everyone, but not everyone values that $10 in the same way. Our upbringing and our experiences with money shape our perspective and perception of it's worth. Sometimes it's difficult to know whether we're considering the $10 as dollars and cents, or if we are reacting to what that $10 represents for us. So it's useful to examine how money influences our moods and behavior, our relationships, and even our own sense of self. Toward the end of the episode, I invite you to participate in some thought exercises that will help you focus in on how money makes you feel—both as a giver and a receiver. I encourage you to combine these exercises with journaling, especially if money is having an adverse effect on your well-being. For journaling, a plain pad of paper and pen will do. But, if you want a guided journaling experience, I encourage you to get The Treasured Journal, which includes questions, prompts, and sentence stems that will help you open up and get your thoughts flowing. You can get the journal and its companion meditation guide at this link: THE TREASURED JOURNAL - https://danielleireland.com/journal Feel free to reach out with questions, comments, or experiences that you want to share. I would love to hear from you! And thank you for listening. If you liked this episode, please rate, review, and subscribe. Your feedback helps me increase the value of the program for you and makes it easier for other listeners to find us. CONNECT WITH DANIELLE Website: danielleireland.com Instagram: @danielleireland_LCSW Facebook: @danielleireland_LCSW  The “Don't Cut Your Own Bangs” podcast is edited by Marilou Marosz.

This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Play, Stitcher, Spotify, Amazon and iHeartRadio. In this episode the host John Siracusa chats remotely with Adam Dell, founder & CEO of Domain Money.  Domain Money is a platform to invest in both stocks and cryptocurrencies.  Adam is the founder of Clarity Money which was sold to Goldman Sachs back in April 2018.  Adam is also the brother of Michael Dell, founder of Dell Computers.     Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify, Amazon and iHeartRadio to hear Thursdays episode with Rohin Tagra from Azimuth GRC. About the host:   John, is the host of the  ‘Bank On It' podcast recorded onsite in Wall Street at OpenFin and the founder of the remotely recorded, studio quality standardized podcast production system ListenDeck. Follow John on LinkedIn, Twitter, Medium

Innovation is exciting! And all of us have witnessed new technology entering every major industry, none more so that the traditional financial industry. When was the last time you even went into a bank? Financial transactions such as accessing money, depositing checks or even buying stocks, can all be done  on an app remotely at anytime and anyplace! But in spite of all the technological progress, we still have to trust the banks as our middlemen to every single transaction we make.However, with the advent of “cryptocurrencies” and the “Blockchain”, many new technologies are being built, including the emergence of Decentralized Finance or “DeFi”. DeFi seeks to get rid of the middleman completely. A big unlock here is the automation of tasks that traditionally require a third-party intermediary. For example, instead of needing a bank to approve a fund transfer from client to freelancer, the process can happen automatically, thanks to sophisticated code/programs called “smart contracts” to mimic the services in the financial industry!Although decentralized finance is only 5% of the crypto market, it is the fastest growing space within crypto and our guest today, Hossein Azari, Founder & CEO of DEFI company CMORQ, breaks it all down for us at Things Have Changed.Hossein has an incredible rap sheet, a Doctorate in Computer Science from Harvard University, an MBA from Columbia University and in addition to this, he sold his first financial company, Clarity Money, a personal finance company, for $100 Million to Goldman Sachs! So it begs the question.. what is he doing building in crypto? In Part 1 of our incredibly fun chat with Hossein, we explore:What's specifically wrong with traditional finance, that Hossein is aiming to fix?How Crypto and DeFi can balance the scales by helping the Middle & Lower class join the Money ClassSupport the show (https://www.thc-pod.com/)

Hossein Azari, CEO and Founder of Cmorq, is a former Chief Data Scientist at Goldman Sachs and Senior Data Scientist at Google. He successfully co-founded his own company called Clarity Money, a personal finance app for consumers, which was eventually bought out by Goldman Sachs for $100m. Hossein's impressive CV also includes being a Teaching Fellow and Research Assistant at Harvard University on route to completing a PhD in Computer Science, along with an MBA from Columbia Business School later on. The list continues as Hossein has 12 publications, 1 patent, and Fellowship awards from Harvard and Stanford University.But he's not finished there! He's now turned his attentions to consumer banking again, and specifically decentralised finance. Cmorq is a consumer banking platform centred around the principles of DeFi. In this episode, Hossein joined Work in Fintech founder Matthew Cheung and founding member Jagraj Singh to explain the buzz around DeFi, and where it's headed in the future.

In today's episode, Taylor is joined by special guest Marc Atiyeh.Marc Atiyeh is the founder and CEO of Pawp, the first ever digital health pet clinic that provides unlimited access to licensed vets 24/7 as well as a $3,000/year pet emergency fund. Pawp was inspired by Marc's two dogs, Chelsea and Fluf.Pawp's ultimate goal is to help pet parents become more educated, equipped, and financially empowered to take the best possible care of their dogs and cats.Unlike traditional pet insurance, Pawp offers one $19/monthly membership fee for full access to their digital clinic and emergency funds regardless of a pet's age, breed, location or preexisting conditions. One Pawp plan protects up to six pets in a household at no additional cost. For more information visit: www.pawp.Prior to starting Pawp, Marc served as Chief Strategy Officer at Clarity Money (acquired by Goldman Sachs) where he focused on growth efforts including: user acquisition, operations, partnerships, and marketing. Before joining Clarity Money, Marc served as Head of Growth at Paribus where he oversaw the growth of the company from 10,000 users to almost 1,000,000 in just 12 months, until Paribus was acquired by Capital One. Marc has also been involved in other industries including both ad-tech and venture capital. He's currently an advisor for Nuvocargo and Cushion.ai. A graduate from Harvard College, Marc earned his degree in Electrical and Computer Engineering. He graduated High School from College Notre-Dame de Jamhour in Beirut, Lebanon where he received the French Baccalaureate with highest honors. Marc is fluent in English, French, and Arabic, while having conversational skills in Spanish and Italian. Marc enjoys squash, tennis and basketball. Moreover, he is an avid fan of Chelsea F.C. and a poker amateur.Connect on Instagram @pawpShare with your friends and make sure to tag us so we can thank you! @taylorlakin_ @thepursueyourpotentialpodcastIf you like this episode, please leave a 5-star rating and a written review. Let us know your thoughts!Interested in online fitness and nutrition coaching? APPLY HERE

Join the discussion on Facebook!TranscriptJonathan VanHorn:Hey everybody, Jonathan checking in here. And just so you know, this is a two-part episode. This is the second part of the episode. So if you've not listened to the first part yet, you want to go back and listen to it in the prior ways. We should have it labeled on the episode title, what part one is and part two is. So you should be able to listen to that in the ... See that in the title of the episode, what episode of episode it is. So thanks.Jonathan VanHorn:Welcome to the Tooth and Coin Podcast, where we talk about your adventure of being a dental practice owner. In these episodes, we're going to be talking about problems that you will likely face as a practice owner, as well as give an idea about actionable solutions that you can take so that you can get past this problem in your practice. Some of these concepts are really big ones. Some of them are very specific, but we hope that these episodes help you along with your journey. Now, a very important piece for you to understand is that this is not paid financial advice. This is not paid tax or legal advice. We are not your financial advisors. We are not your CPAs. This is two CPAs talking about informational and educational content to help you along with your journey. It's a very important piece for you to understand.Jonathan VanHorn:Another thing that you need to know is if you enjoyed today's content, join us on the Facebook group. We've got a Facebook group that is active with Dennis that is going to have content talking about what we're talking about today, to continue the discussion. Agree with us. Don't agree with us. Have a story to tell. Have something to share. Join us in the Facebook group. If you go to Facebook and you search for Tooth and Coin Podcast, click on it to join it and be able to join us there. Finally, if you need some more help, we're developing a list of resources that are going to be centering it around our topics of discussion, to be able to help you a little bit more than what the content is doing. So if you'd like access to that, whenever it becomes ready, all you have to do is text the word ToothandCoin, T-O-O-T-H-A-N-D-C-O-I-N to 33444. Again, that's ToothandCoin, all one word, no spaces, to 33444, reply with your email address. And we'll email you instructions on how to get into the Facebook group, as well as add you list to be able to send you those resources when they're available. And if they're available, we'll go ahead and send them to you as well.Jonathan VanHorn:On to today's episode. Hope you enjoy it. How does someone define their intention? Because at the end of the day, we're doing budgeting for a reason. How does someone define their own intention? You have to have an intention, but what is intention for someone like us? What's the purpose of all this?Joseph Rugger:Sure. Well, I'll give you a couple of quotes from a couple of authors. One of the ones that I like to quote is Stephen Covey, who wrote The 7 Habits of Highly Effective People. And he said that we need to begin with the end in mind. That's one thing that I'll throw out. And then cautiously, I'll say the next quote is from a guy named Dave Ramsey, who has a tendency to get people all up in arms one way or the other. He has like this cult-like following. And then a lot of people don't like him. Anyways, he said that a budget is about you telling your money what to do, rather than it telling you what to do. So I think that's probably part of my thoughts on intention is, like beginning with the end in mind.Joseph Rugger:So, what is it that is the goal? That's probably a big, lofty thing to think about, well, where do you want to be in 40 years? I don't know. I just need to make sure that the kids get fed, put to bed, make it to school, they make A's and B's and everybody stays happy. So I think that you've got to think kind of long-term. So like maybe part of your long-term plan is that you want to have a vacation home. All right. Well, let's be intentional about that. We don't just wake up one day with a vacation home and an extra mortgage or pay cash for it. We got to put things in motion to help out with that. I think when I talk about intention, I talk about begin with the end in mind, like, what are some shorter range goals?Joseph Rugger:There are going to be some of our clients and some of the people listen to this that may have the short range goal of getting out of credit card debt. They ran up really large amounts of credit card debt. They're getting the practice started or getting through dental school or any of those things. That may be a big thing for them. There are some people that at 22 years old, they find out about an IRA and they want to save every penny they can for retirement so that they don't have to work until they're at whatever age. I think that beginning with the end in mind and just kind of thinking about what are some of your shorter term goals and some longer term goals.Joseph Rugger:Let's say that this idea of having an emergency fund is something that you've never thought of or you've thought about it, heard it was a good idea, but you've never set one up. So then the question to me is, okay, well, what do you want to define as an emergency fund? One month, three months, six months, 12 months? Whatever that emergency fund may be. Okay. Well, let's just say, just to use easy numbers, let's say that I've decided and determined through my own individual thoughts that $10,000 is what I need for an emergency fund. Okay. May sound like a lot. May not sound like a lot to others. Just to use it as an example. And I say, "You know what, within the next year, I really would like to have a $10,000 emergency fund." Okay. So let's back that up. All right.Joseph Rugger:So if we've got a year from now, how much do we need to save every single month? Well, 12 months, $10,000, whatever that is 8, $900 a month. So how do we be intentional about making sure that our budget and our money that's coming in, money that's going out, that we've got an extra eight or $900 a month that we can save to that emergency fund to get there? So I like short term goals. I like long-term goals. I like looking at the big picture and beginning with the end in mind and telling your money what to do. Because if you don't, if it just kind of flies in and flies out, one of the things that you mentioned, John, and I'd be interested kind of in your thoughts on this, when you brought it up, you brought up a life creep or lifestyle creep. So for people that may or may not understand what that term is, maybe kind of expand upon that for the people that are listening.Jonathan VanHorn:Yeah. So lifestyle creep is just whenever you're spending whatever you have. You live your life according to what you can afford. And then when you start making more money, you can afford more so you start doing more living than you are saving. So it's something that is very common inside of the dental industry. It's common in all industries where you have an increased amount of income very quickly, compared to what you had beforehand. It's just something that you have to be very aware of and you have to be prepared for and you have to actively fight against.Jonathan VanHorn:To touch on your point, the way that I did it, the reason I started doing the budgeting was because I'm a person that is very hard to define goals with because it kind of goes all over the place. So what I did is I said, I said, "Okay, here's what I want my life to look like in 10 years." And I actually pulled it up on my phone. It was in 2016 when I wrote it down the first time. And I separated the what in my life to look like from a monetary standpoint, from a work standpoint, and then from a relationship standpoint. And I found it was much easier for me to start budgeting if I did more than just the dollars amount parts of it, because to me, the numbers were important, but it was the other things that ended up making the exercise of budgeting more important, because I knew that if I didn't have the monetary element of it, that those other goals would be at much higher risk because of my lifestyle at the time.Jonathan VanHorn:I want my lifestyle to be a certain way. In order for my lifestyle to be a certain way, I know I need to have at least some type of these funds. And then that allowed me to then pull it back and be like, "Well, okay, if that's my goal in 10 years, what do I need to accomplish in five years? What do I need to accomplish in a year? And how do I get started on that now?" So that helped me with my intentionality, is writing down those goals, again, those monetary, relationships and work, how do I want that all three ... What are my goals for all of those things. What do I want to achieve also was in there. So that helped me with my intentionality as well. So I wanted to touch on that really quick.Jonathan VanHorn:But in terms of lifestyle creep, if budgeting is a way to hold yourself accountable, then that doesn't happen in my mind, because you can tell very quickly is my spending higher just because I have things that I want or is it because of things that I need. And this is something that is, I hope my wife never listens to this, but I've talked to her a bunch of times about what is want versus need. And we've had many arguments on what we need versus what we want. And it's something that, budgeting will allow you to do that. Whenever I'll look over that list of expenses every month, I kind of think of them as like subscriptions. How much am I spending on subscriptions to everything? Because when I think about it in those terms, it helps me decide like, here's what I'm going to stop the subscription of, or here's where I can lower the cost of the subscription in this way to be able to optimize this spend in a better pattern in some way.Jonathan VanHorn:So in terms of that budgeting, I guess if I'm putting a better, bigger bow on it, to me, budgeting is a component of goal setting in your personal life for the longer term aspect of it. So when you're being intentional with these things, and this is one of those things that someone could construe this as financial planning, talk to your financial planner about these types of things, I would say. These would be things that we would be able to have a conversation with you about, I would assume. And if you're having problems quantifying like a dollar amount and things like that, I think financial planner could probably help you with getting that number idea started. Your CPA might be a financial planner, but if your CPA is not a financial planner, this is not what CPAs typically do.Jonathan VanHorn:I want to just make sure that that's said just so that expectation is ... Your CPA may have some things to say about this, but this is 100% a financial planning thing that gets done here. So Joseph, if we came back to you, whenever you're being intentional with us, you're trying to find a home for all the money that's coming in and you're trying to put your money to work in the way that you want to be put to work. What are the components of that? We've talked about spending money, we've talked about income. How do you do something like that? I mean, is it ... Because debt is basically negative money. There's all different types of debt. Someone's decided, okay, I'm going to set goals. I'm going to be intentional. I'm going to budget. What do I do next? We talked about categorizing expenses and monthly expenses and variable and things like that. What about things like that? How does that go into this whole spectrum of budgeting?Joseph Rugger:Yeah. Good question. I think that you probably have heard the terms like good debt and bad debt. And this is going to be an oversimplification, but any kind of consumer debt, like money that you didn't really save up for it. And like all of a sudden I owe a whole bunch of money, that's consumer debt. Something like a credit card, like, oh, I ran up a $25,000 worth of credit cards and I can't pay it off. That's a consumer debt. I think that most people would classify that as bad debt. If you look at things that are typically classified as good debt, it would be in things that are going to have a higher return for you. So whenever you look at hopefully when you buy a home, you purchase the home for X amount of money. And between now and 30 years from now, the value of that home has increased. That would be a good debt. We have an increasing asset that's going to increase in value.Joseph Rugger:When we talk about the idea of you getting a chance to go to a school and have a higher education, you're investing money that you're going to get some future return, we hope so, from that education. So if you went to dental school, you know that that was very, very expensive. But as a result of taking on that debt, you have the ability to go out and earn a good living for you and your family or your future family. We're looking at business debt. We talk about our practice owners that are out there that they have a wing and a prayer and they start a practice from scratch, or they buy an existing practice. They oftentimes have to use debt to leverage themselves.Joseph Rugger:But hopefully what that's going to do is that's going to be an increasing value asset that's out there. So kind of where does debt fit in to this whole kind of budgeting piece? So you've got, again, your fixed expenses and your variable expenses. If you've got a payment on a piece of debt, that's going to be fixed. And then what you've got to decide is, do I want to get more aggressive in paying off this debt or do I want to do something different with this money each month? There's lots of different people that would tell you something different, but one of the things about debt is that it has a very emotional ring to it. And a lot of us have some kind of deep seated emotion around debt.Joseph Rugger:Maybe our parents constantly were living paycheck to paycheck or maybe our parents declared bankruptcy because they were had too much debt. If that happened to you in your formative years, then you're going to have a very different outlook in debt and if your parents were in the flipping a real estate. They're in flipping a real estate and they're constantly kind of back and forth and signing up for loans, you're going to have a very different emotional piece to debt. So I'd say that it certainly is different for each individual person. What I want you to do is be intentional with the money that's coming in so that if early debt pay down is your goal, then you've got money to do that. If instead of paying down debt early, you want to invest that money, or you want to save it to an emergency fund, or you want to save it for a car, or you want to do anything else, or you want to spend it, have a big blowout for your kids' summer birthday party, I just want you to be intentional about it.Joseph Rugger:So I think that debt has just a lot of very, very emotional ties to it for everybody. That's just a little bit different. So if early debt pay down is something that's part of your goal that you've determined with your financial planner, then I think that that's a good path to go down. If you want to kind of make the difference between good debt and bad debt. I mean, I don't think there's anybody that would tell you that it's a good idea to carry credit card debt at 24.5% interest. If you've got this big, huge, credit card balance, I think that most people would classify that as bad debt. So be intentional about living within your means.Joseph Rugger:There's only one way that you're going to get to the place where you're going to have freedom from having to work every day, if that's part of your goals. Maybe some people want to work until they can't work anymore. That may be part of it. I think most of our listeners probably at some point want to retire and put the handpiece down. Only way you're going to do that is if you spend less than you make. Pretty simple.Jonathan VanHorn:So what about the people that make money and there's no money leftover? They pay the minimum payments. They pay for all the necessities. And it's just barely getting, maybe they can save 1,000 bucks a month more than what they're spending. What are the solutions for them? What can they do?Joseph Rugger:Increase income, decrease expenses. I mean, as simplified as that is, that's really your two options. Go out and make more money or spend less. Where do we go for that? Where can you make extra money if that's what you want to do? If you're already working 85 hours a week and you're emotionally drained and you don't have anything left over for your family when you get home, working more hours is probably not the best solution. I think that to get a chance to go through expenses and see what's going on there, you may or may not be in too big of a house and too nice a house. You may or may not need to have a $60,000 car. You may could do just fine with a $15,000 car. So increase income decrease expenses, and where can that come from?Joseph Rugger:For most of the people that are going to listen to our podcast, if they want to change their equation that you just mentioned, it's going to be through a practice ownership that they own, that they're going to become more profitable as a business, which is one of the things that we hope you start out at a certain level and you hope that you invest your blood, sweat, and tears into this practice and it grows over time and it makes more money. There certainly are always expenses to cut. There's always additional side gigs to try and to do, but at the end of the day, if you can increase the value of the business and the cashflow of the business that you're pouring everything that you got into, I think that's probably going to be a big chunk of the things that the people that listen to this podcast will be able to do.Jonathan VanHorn:Yeah. It's hard sometimes to think about it in those terms of we'd love to be able to ... Well, we can do without Netflix and we'll save that $12 a month, all of our problems are solved. Wouldn't that be nice if that was all it took for all those problems to be solved? In terms of the dentists that I speak to almost every day, I see more and more are searching for that mix of lifestyle and financial independence. There's a term that I've heard called FIRE, Financial Independence Retire Early. And I think that's what that stands for. And I speak to more and more young dentists that are trying to reach that type of a lifestyle eventually. And I don't know.Jonathan VanHorn:And again, I'm not a financial planner at all by any shape, form or fashion, but I don't know the best way to reach FIPE for a dentist. I don't know if it is to keep seeking it out as an associate and just have the steady income or if it is to take on a lot more debt early on and to increase your earnings potential. It sure seems like based off of the clients that we have, that it's the latter. It's get your own business, increase your income capacity and a lot of those expenses and the Y that I was talking about before, not the W-H-Y, but like Y as in the variable and the spend, those numbers shrink down so much compared to your X. There's a lot of Z left over.Jonathan VanHorn:And this is anecdotal because I speak to people from all over the country. And I would say like an average associate pay for a GP is somewhere between 130 and $170,000 a year. And depending on the location of the practice that you're in, I would say that for a dental practice ... For that same associate owning a business is not easy, but many, many, many dentists can get to a double that average in take home income with what is perceived to be a small amount of effort compared to the associate gig. It sure is a lot more simple to, if you've got $10,000 of expenses a month, to pay for those expenses with $20,000 a month of income, compared to $11,000 a month in income. It's just a lot simpler to do that.Jonathan VanHorn:And then there's also the people that do even better than that, and you get to 3, 4, 5, 6, $700,000 of income and they all seem to be able to pay off their debts pretty quickly and then get to that financial independence pretty quickly as well. So I think that kind of depends on the person, of what they want to do. So we talked mostly in this episode or almost exclusively in this episode about the personal side and with the assumption that you're going to have a good understanding of how much money is coming in from a dollars and cents perspective, just on the personal side. So with that note, what do you tell people that have a variable amount of income coming in?Joseph Rugger:Well, I think that with a variable amount of income that's coming in, I think you've got to make adjustments to what you would call your cash cushion. If your monthly spend and your personal checking account is, I don't know, $8,000, just to use an easy number, we'd probably need ... If I were to say you need to have X amount of dollars in cash cushion in your account, somebody that's got variable income probably need to have a little bit more kind of in cushion so that we can ride those ups and ride those downs. I mean, you're always going to have your fixed expenses. We mentioned kind of your mortgage payment, your debt payment, lights, water, utility, X amount of dollars kind of as a baseline for food and clothing, that kind of thing. So those are things that as money comes in, those things all get taken care of first.Joseph Rugger:And then it's all of the extras or we were talking about the needs versus the wants. The wants come after the needs are met, kind of in that specific order. So I think that's probably the biggest thing that I would talk about, is just understanding like how much cash cushion do we need to have in the personal checking account to ride the highs and the lows. And then how do we make sure that we take care of the fixed things first, the kind of normal, regular routine, monthly pieces that you have. And then we make sure that the wants or the wants happen in the months in which we have more income than the months that are pretty skimpy on income.Jonathan VanHorn:Makes a lot of sense. The income being variable usually also comes from the business side of things. If you own a business, you can have a wage and you can have like a guaranteed payment or guaranteed draw or just like an automatic transfer of funds. It's a certain amount every month for your business or your personal account. But some months there may not be enough cash in the business to do that. So that's when the real variability can come into play and hopefully if you have a lot of success, that number, that variable is because it's a lot more every month that's coming in and then hopefully we'll have an intention of where that money can go to. Can you recap for us budgeting as a whole, the steps someone should take, if they've not done budgeting before, that is most likely to lead them to getting to the point of actually doing this exercise?Joseph Rugger:Budgeting is about understanding how much money comes in every month and how much money goes out every month and trying to be intentional about that so that you can begin with the end in mind, have short-term, long-term goals and make sure that you're meeting those goals at a high level. Some of the specific tools that we talked about, the simplest and easiest one is to figure out and pull out a bank statement and look and see how much cash came in, how much cash came out, pull three or four months worth of them and you'll get a pretty good idea of what's going on with your cashflow. There are lots of different tools that are out there to help you figure that out. You mentioned Mint. I've used Mint in the past. Probably a lot of people have heard of or are familiar with Mint and certainly has some positives and negatives along with that. Microsoft Excel is kind of my tried and true piece about that.Joseph Rugger:But I think just beginning to understand your financial picture as it comes in to make sure that life creep is not something that takes over and up-ends your stuff. I think those are kind of some of the top of mind things that I would have to chat about. Where's your money going? How intentional are you? Do you have a plan? Do you have a financial planner that's helping you get from where you're at to where you want to go? What's that look like? Are you tracking progress over time? Are there technology tools that are out there that can help you do that? I think those are all kind of different places to start. Pull out your credit card statement. You want to know where your money's going every month? Pull out your credit card statement and see. You mentioned subscriptions. We're kind of in this section of our economy right now where almost everything has moved to some sort of a subscription base, whether that's getting your news every month or getting your entertainment or-Jonathan VanHorn:Paying for your CPA.Joseph Rugger:Paying for your CPA. Right. All of these different pieces are all based on a subscription. You want to know where your money's going? Pull out your stuff and see. And as you mentioned, Jonathan, maybe you use it, maybe you don't. Do you use Amazon, Netflix, Hulu, Disney Plus, whatever the new discovery channel was? I forget, I saw that the other day that came out. Do you use all of those things? If you use them? Great. Is it worth it? Yeah. If you don't use it, is it worth it? Well, no, of course not. I think those are some pretty simple, basic places to start. And just start having conversations internally about it. If you're married, have it with your spouse and get on the same page and talk about intentionality and all these different pieces. That's kind of where I would start. What are your thoughts there?Jonathan VanHorn:I agree with everything you said. The one thing I would add is I would add preset when you're going to do this. If you're thinking about doing this right now, put on your calendar when the first time you're going to dedicate to doing this. It's incredibly hard for me as a person, I own a business, have three small kids. And like I said, we used to do it every Sunday night at like 8:30. Well, one of our kids, they don't sleep very well. So sometimes it's 10 o'clock before we even get away from kids at night. Those Sunday nights, sometimes that's we get behind on doing it. But if we're available at that time, that's the time that we're going to do it. So preset some time. Preset some regularity to it so that you can have some discipline and just knowing that, hey, this is what I'm going to do at this time. I promise you, you can DVR that episode of ... I don't even watch. Lost. I don't know. I don't know how long it's been since Lost has been out there-Joseph Rugger:That was like 10 years ago, dude.Jonathan VanHorn:Exactly.Joseph Rugger:How about Yellowstone? Yellowstone's going to come out soon.Jonathan VanHorn:Yellowstone. Everything else is on the streaming. So it's not like you have to be watching ABC, watching America's funniest home videos at night with Alfonso Ribeiro. I mean, you can find that time to do that. The other thing I would say is be reminded of the big picture consistently, whenever you do this. You don't have to do it every time. I find that when I pull out that list of, like I said, it's still on my phone from 2016. It's just in my notes, on my iPhone of everything that I wanted. Because it helps you remember why you're doing it. And then also have some way of visualizing if you're hitting those goals or not.Jonathan VanHorn:So whether it be if your goal is to get out of debt, make sure that you have something that says, "This is how much debt we have right now." If you do this once a month, if you do it every week, whenever you pull it up, make sure that's all in the thing that you're tracking. This is how much debt that we currently have. Are we making strides towards getting it gone getting it over? I think those are the things that will help with that intentionality that you're talking about. Or is it a more defined way of looking at that intentionality and a little bit of a hack on how to be disciplined to do it because that's the hardest thing for me, is to have the discipline to continually do it over and over again. Because there'll be stretches where I just won't do it for two months, three months, four months, five months. But I know for me personally, the longer I don't do it, the more stress it builds up for me. And then I go and do it. I'm like, oh, okay, yes. We're still doing. We haven't changed much.Jonathan VanHorn:My wife and I are not very extravagant people that go and do a whole lot of extra stuff. So it's not super hard for us to stay within those bounds of what it is. And over the last couple of years I've taught, I'll go in there, I'll be in the lab, so to speak, catching up and things like. April, whenever we talk about it and I'll say, "Well, yeah, we're fine. There's no issues. It's just, I want to make sure that nothing crazy is going on or something like that." But anyway, so that'd be my only thing to add, is create discipline around it by creating regularity, which is by prescheduling what it's going to be. And then be reminded of the big picture very consistently so you can know if you're on track or not, if something changes. Those are things you said, but just more specific ways of going about it. And the tool that I was talking about earlier was Clarity Money as well. I think it's a really good one that some people could use as well, too. So yeah, so I think that was a pretty, without being hyper specific to any case other than our own, is a pretty good overarching class on personal budgeting. Is there any other points or pieces that we need to discuss in that?Joseph Rugger:I think we got it, man. I think it's great.Jonathan VanHorn:Guys, if you are interested in talking more about budgeting, this is something that we do pretty regularly. If you want to share, if you've got a budgeting hack or something that you use to budget regularly, or if you just have a really cool way of doing it, make sure to go into the Facebook group, make a post about it. Tell us about it. We'd love to add that to our repertoire too. Appreciate everyone tuning in. This has been a fun episode. We're going to have another episode about business budgeting, which is a complete ... Well, a lot of people can play the tune to the same thing. They are completely different and there's different reasons of doing it, there's different methods of doing it and there's different purposes of doing it. So that's going to be a different episode. This is probably the second episode of this personal budgeting content. And we will see you guys in the next one. See you, Joseph.Joseph Rugger:Bye guys.Jonathan VanHorn:That's it for today, guys. I hope you enjoyed this episode of the Tooth and Coin Podcast. If you are going to be a practice owner or a new practice owner and you're interested in CPA services, head on over to ToothandCoin.com, where you can check out more about our CPA services. We have around 250 offices around the country and we'd love to be able to have the discussion about how we could help your new practice. We do specialize in new practice owners. So people that are about to be an owner of a practice they're requiring, about to be an owner of a practice they are starting up or has become an owner in the past five years. That is our specialty. We'd love to be able to talk to you about how we could help you in your services with your tax and accounting services.Jonathan VanHorn:And if you enjoyed today's episode, again, go to the Facebook group. Talk to us about what we've talked about, join in on the discussion and let's create an environment where we can talk about some of these things so that we can all help each other get through these things together so that this adventure of business ownership is more fun, more productive and better in the long term. Lastly, if you want access to those resources that we are currently building, just text the word ToothandCoin to 33444. That's ToothandCoin, no spaces. T-O-O-T-H-A-N-D-C-O-I-N to 33444. Apply with your email address. We're sending instructions in the Facebook group. We'll send you the resources when they're available and we will see you next week.

Join the discussion on Facebook!TranscriptJonathan VanHorn:Welcome to the Tooth and Coin Podcast, where we talk about your adventure of being a dental practice owner. In these episodes, we're going to be talking about problems that you will likely face as a practice owner, as well as give an idea about actionable solutions that you can take so that you can get past this problem in your practice. Some of these concepts are really big ones, some of them are very specific, but we hope that these episodes help you along with your journey. Now, a very important piece for you to understand is that this is not paid financial advice. This is not paid tax or legal advice. We are not your financial advisors. We are not your CPAs. This is two CPAs talking about informational and educational content to help you along with your journey. It's a very important piece for you to understand.Jonathan VanHorn:Another thing that you need to know is if you enjoy today's content, join us on the Facebook group. So we've got a Facebook group, that is active with Dennis, that is going to have content talking about what we're talking about today, to continue the discussion. Agree with us, don't agree with us, have a story to tell, have something to share, join us in the Facebook group. If you go to Facebook and you search for Tooth and Coin Podcast, click on it to join it and be able to join us there. Finally, if you need some more help, we're developing a list of resources that we're going to be centering it around our topics of discussion, to be able to help you a little bit more than what the content is doing.Jonathan VanHorn:So if you'd like access to that, whenever it becomes ready, all you have to do is text the word toothandcoin T-O-O-T-H-A-N-D-C-O-I-N to 33444. Again, that's toothandcoin, all one word, no spaces, to 33444. Reply with your email address, and we'll email you instructions on how to get into the Facebook group, as well as add you to the list, to be able to send you those resources when they're available. And if they're available, we'll go ahead and send them to you as well. So on to today's episode, hope you enjoy it.Jonathan VanHorn:Hello, ambitious dentist. Today, we're going to be talking about a topic that is, you know, some people that could even maybe think is a little bit controversial. It's one that is not everyone's most favorite thing to do. For Joseph and I, being CPAs and in the financial world, it's pretty fun. It's a fun game to play. And we're talking about today, budgeting. So the big problem surrounding budgeting is that you typically do budgeting as a response to something else. And the problem that is being responded to, for budgeting, is that as a dentist, you typically have a pretty good amount of income, potential earning capacity, in your lifetime, in your professional career. And with that additional income can sometimes come life scope creep.Jonathan VanHorn:You've got a lot of responsibilities. You may have some extra debt coming in and you don't really know what to do with that income. And so today's episode, we're going to be talking about the personal side of budgeting for your personal income, and then we're going to have a follow-up up, so that's going to be talking about business budgeting, which is our two completely separate topics. Just as a reminder, since this is, I think of all the episodes that we've done so far, this one could be the most easily confused to be financial advice. This is not financial advice. This is two CPAs talking about personal financial budgeting, and just talking about some of the things that we do in our personal lives, and things we've seen other clients do as well.Jonathan VanHorn:So Joseph is a master of budgeting. I budget myself, but it's not nearly as robust and as sophisticated as how Joseph does his. Ever since I've met Joseph, the first time, I think he talked to me like, "Hey, have you ever tried to do budgeting?" And so he's been really, really deep in this world for a long time. So Joseph talk to us about budgeting and for definition purposes, let's assume no one has ever heard of the term budgeting before. What is budgeting and how does it help address the problem that we outlined?Joseph Rugger:Yeah. Great question. So we're talking about the B word. We're going to have people that are going to go search for our podcast, and they're going to say that we're doing an episode on budgeting, and they're immediately going to not listen to it. They're going to skip this one and go to the other ones because budget has a tendency to be a bad word. So some initial feeling. So one of the things that I always like to talk about when we talk about money is, money is amoral. Money is not good. It's not evil. It's not any of that stuff. Money is just a tool, just like anything else that you can use for anything that you want. So at a high level, whenever we hear budgeting, we think that means control. Somebody, somewhere is going to control my money and we get very emotional about it.Joseph Rugger:And one of the things that we try to do as CPAs is we try to remove the emotion out of it as much as we can. So knowing that this is your livelihood, knowing that this is everything that's going on, this is your hopes and your dreams, your blood, sweat, and tears, everything that you've poured into this business, into your career, into your life, we want to try to remove as much emotion as we can. So I think that probably one of the first things that I would say about budgeting, in general, is that budgeting is about being intentional. And what we want you to do is we want you to be intentional with your money, whether we're talking about on the personal side, or on the business side, which we'll get to in a later episode, we want you to be intentional with your money.Joseph Rugger:So at a high level, budgeting is about how much money is coming in, and how much of that money is going to go out, and who gets that money, and where does it go. So very simply, if I have income of 100 bucks in a month and $95 of it goes out the door, my checking account balance increases by $5, right? So where did that $95 go? Maybe a part of it was a tithe or some sort of charitable giving. Maybe it was some sort of a savings that you're putting money into a savings account or an investment account. Maybe that's going towards paying your house payment, paying your car payment, paying your utilities, paying for your kids' school, paying for groceries. They're all of these different categories that we have in the budgeting world. So at a high level, a budget is about how much money is coming in, and then how much is going out, and then sticking to that, or not sticking to that, and making choices along the way.Joseph Rugger:So whenever we say budgeting, Jonathan, what are your thoughts? Do you get that squirmy, "Man, that sounds like somebody is going to control me. I hate that word. It's a bad word." What are some of your thoughts? You're a CPA, but we're still emotional. We're still emotional as CPAs about our own money.Jonathan VanHorn:Yeah. So the budgeting side of things to me is always, I guess, I just initially will sometimes get frustration when I think about budgeting. And the reason is because I like to plan, and I like to have a path, and budgeting, a lot of the time, ends up not going the way you planned. Little things come up and things like that. And it requires a lot of discipline. So sometimes that can be frustration, especially whenever you have more than one person that's in your family home, that you can sit down with them, and come up with a plan, and it only takes one person to make that plan go one way or the other. So I do get a little frustration when I think about budgeting.Jonathan VanHorn:And I think the other frustration comes from the fact that you got to do it. It's one of those things that you if you know enough about it you know it's important, but it's very easy to neglect it. It's very easy to just not really try and worry about it too much because of the amount of effort that has to go into it compared to what you can perceivably get out of it. So yeah. So frustration is probably what I think of when I think of budgeting in and of itself. But again, it's a necessary thing to do, especially on the personal side. We'll get into the business side of it in another episode, but from the personal side, yeah. It's just one of those things that if you're not managing where the money's going to, it just gets so easy for it to just go this way, that way, and everywhere in between. So I'm happy to share how I do my budgeting, but I would love to hear how you like to approach budgeting or how you have to approach budgeting for people that have never done it before.Joseph Rugger:Yeah, sure. So couple of things. So there's lots of different resources that are out there. There's lots of different authors that have written on this topic. I think it'd be worthwhile for me to share a couple of people that have been influential, just helping me shape the way that I look at money, and how it flows, and that kind of thing. Some of these names are probably dirty names in your household. Some of them you may hear and be like, "Oh man, that person's an idiot. I don't like them." But these are just people that I've read. One of the great things about growing up and becoming an adult, when you're a young child and you go to school, you learn this is the way it is, like the world is round. It's not flat. It's very zero and one, very right or wrong.Jonathan VanHorn:There are people that disagree with you, even today, unfortunately, about that being round.Joseph Rugger:Fair enough. Fair enough. Fair enough. But that's just the way our education system works. And then, when you get out, and on your own, and start learning things, you realize that everybody has a different perspective and a different way of looking at things. So there is no right or wrong answer with a ton of stuff. So I'm going to mention a couple of authors that have been influential in my life as I've read the stuff that they've put out, but it's their perspective. It's the way that they look at things. And it has helped shape my perspective on a bunch of different things inside of my life. So some of the names you'll recognize, I'm sure you probably will, and one of them was Dave Ramsey. He was one of the first ones that I started to learn about money and how it works.Joseph Rugger:I really like Ramit Sethi. He wrote a book called I Will Teach You To Be Rich. I really like David Bach who wrote The Automatic Millionaire. Dave Ramsey book is the Financial Peace. Financial Peace University has a class out there. Robert Kiyosaki wrote Rich Dad Poor Dad, which is also a really good resource and a good thing. So I've read, and learned a lot, and put a bunch of these things, in general, in place in my life to figure that out. So whenever I look at "budgeting," it's more of an art than a science. I mean, there is some science to it, but there's a lot of different things that happen. Life happens, right? Things happen in the course of a given month, and to me, budgeting is about having a plan where you can be prepared for different things.Joseph Rugger:So something as simple as having an emergency fund is something that I'm sure is familiar to all of our guests now. How much and where should it be and all this stuff. We're not going to get into all of that because that's not really what we're talking about, but being intentional with your money and making sure that you've got different perspectives on stuff. So I'm old school. I'm probably older than a good chunk of the people that listen to us. So I didn't grow up with all of the fancy tools that are out there now. To me, Excel was one of the first big pieces of software that I learned how to use, right? I didn't grow up with mint.com, and an apple iPhone, and all of these things. I remember getting my first flip phone when I was 16-years-old, we had allotted time of 15 minutes a month.Joseph Rugger:That was the max, emergencies only. So I predate myself a little bit. So Excel is where I live as an accountant. I love Excel. So I have an Excel spreadsheet, and I sit down, before the month begins, and I'm not like our current level of clients to where income is variable. So I've got a pretty good idea, not down to the penny, but I've got a pretty good idea of, let's just say within five to 10% either way, of how much money's coming in. And a practice owner, their income can be so variable within the practice, and within their W-2 wage, and their production, and all this stuff. So one of the things that I'm going to start with is I'm going to start with top line income and I've got a pretty good idea of where that is.Joseph Rugger:Now, if you don't have an idea, you can certainly look at six months worth of history and figure out. And then, there are things that are inside my personal household that are fixed expenses. Things that I know are going to come out every single month, something as simple as a mortgage payment, right? I know the mortgage is going to come out. I know what day of the month it's going to come out. It's the same exact amount every month. So that's a fixed expense, right? There are other expenses that are variable expenses. How many times are we going to go out to eat this month? That's variable. How much is the grocery bill going to be? That's variable. Are we going to take a vacation? Are we going to buy plane tickets? Are we going to buy a hotel room? Those are all variable expenses.Joseph Rugger:So understanding the difference between fixed expenses and variable expenses, I think is important. And the other thing that I would also say that is inside my Excel spreadsheet, Jonathan, I'm tracking every single dollar that goes on our credit card, every single dollar that goes on our debit card, every single money that comes out for this. I'm monitoring our balances on all of our different things, and I'm updating it daily, and I've got a scheduled net worth out, and we've got all of this different stuff. And I would imagine, as I describe these things, probably gives you some heartburn, and even though you're a CPA, I know you're just such a tech guy. So this is like the basics. I feel like I've got a stone and chisel out and I've got my little Excel spreadsheet that's tracking my money as it comes in and out. What are some things that resonate with you there that you guys do, personally, when you look at something like this?Jonathan VanHorn:Yeah. So for me, there's the way I used to do it and then there's the way I do it now. The way I used to do it was pretty similar to what you do. I used mint.com to aggregate the data coming through, in terms of what our spend was and things like that. At one point I used accounting software, which was like QuickBooks Online and Xero. I actually had a complete P and L and balance sheet set up for myself or my family. So that can tell what our net worth was, the balance sheet, and see our income spend. I'll have a budget add-on built into it and things like that. And those things for me, the way that I work, and the way I'm wired, they really only lasted probably six to nine months at a time.Jonathan VanHorn:And I would probably just... something would happen and I'd be like, "I don't have the ability or time to do this right now. So I'm going to put it off." And then what happens is we put it off for too long, then it just gets to be where it's such a big mole hill to get over. I was just like, "I don't want to do this." What happened, happened. I can't change what happened at this point. So I'm not even going to worry about logging the transactions and doing all these other types of things. So I've used Clarity Money, which is an app through I believe Wells Fargo. That is a really good one, too. I really enjoyed that one. That one was probably the most automated and the best aggregator of everything that I've used and was all done in your phone.Jonathan VanHorn:And even that, even as simple as that, I stopped using it just because I've eventually got to a point where I was like, "Oh, there's so many things going on with this." That it ended up not being what I... It didn't do exactly what I wanted it to do every time, so I got tired of messing with the nuances of it. And so now, what I do is I use a spreadsheet, and I have different categories of what I do, and what it is. And like you said, you have your, I labeled it as monthly expenses. I have a monthly amount of money I'm going to spend, whether it be through mortgage, or my kids' school, or health insurance, or utilities, or car payment, or whatever it may be. They're the knowns.Jonathan VanHorn:I know we're going to spend this much money on these things, and that's our monthly dollar amount. And let's say, "Okay, well, this is our monthly dollar amount on this." And then, I have our variables, like you said, our meals, how much are we going to spend on gas? How much are we going to do on these other things? And I just lump those into a big category of all the variables, if we could spend less than this amount. I honestly don't even at this point track if we hit those things or not. It's just an internal thing in my head I can try to keep up with. There's also just the one-time things that just come up, like something happened with the roof, or something happened with this, or something happened with that.Jonathan VanHorn:And then we'll use our other personal funds to take care of it. So whenever we were doing the other things, the purpose of that, to me, was for us to build up our cash reserve, so we could withstand some little things here and there. Luckily, we'd done it for long enough that we'd saved enough where we have a six to 12-month saving account. So we over-fund that already. The one-time expenses don't... I don't think we've ever had a $10,000 one-time expense. Hopefully, that never changes. But funded that up pretty quickly after that. That is how we currently do our budgeting, so I don't go in and look at every single line item detail.Jonathan VanHorn:I almost never look at every line item detail. I usually just look at the total amount we spent in a month, compare that to the here's our monthly definite amount. Whatever's the difference of those two things must be the variables. Is that number super high? If so, then why? Do we need to change something about what we're doing? If there's nothing we could do, then I'm just content with it to be honest with you. So that's how I currently do it. And I probably do that once every couple of months. I don't do it enough. I would say the most effective time we have when we were budgeting was whenever my wife and I would carve off 45 minutes every Sunday night, before the week began, to talk about what was going to happen over the course of the week. But three kids sometimes... At some point we didn't even have Sunday nights to do that with, so.Jonathan VanHorn:So how do you do budgeting? What do you recommend people do in terms of that? Because I'm sure my history with it is similar to a bunch of different people's paths with budgeting, but what do you do? What do you recommend? Things like that.Joseph Rugger:Sure. Sure. So I think that in general, I want to use the word intentional a lot in this podcast episode, because I think it's important, especially when we're talking about money. I want you to be intentional with your money. I think the other thing that you need to do is you need to be consistent with it. So Jonathan just described like, "Oh, well, we used to do this and we kind of do this. And on our own, we look at it every couple of months." The more complex that you make anything in life, the less the chances are that you're going to be able to stick with it. So if I say, "An Excel spreadsheet," I've already lost half of you. You're like, "I don't even know how to use Excel. That's for accountants." I've already lost half of you. The other half of you are like, "Oh, I think I've heard of Mint before. I've used that before. I know how that works. It's a data aggregator, right?"Joseph Rugger:So I think, in general, we want you to be intentional with the different stuff that you have. I want you to figure something out that you can stick with. And it may be the end thing that Jonathan ended with there, which is we just have this number that we need to spend and go through every single month. And if it's more than that, we know that we've got an issue. If it's less than that, then we know that we're in good shape. So just having just, in general, how much money went out of your bank account. That's a simple, simple thing. If you have one bank account that all your money comes in and out of, it's very, very simple.Joseph Rugger:What was the beginning balance on that checking statement? And what was the ending balance? And what was the Delta there? What was the change there? So I think that that's probably a good first place to start is understanding are you increasing your cash each month? Are you decreasing your cash each month? What's something simple that you can stick with? What's some things that you can be intentional about? So one of the things, I mentioned, David Bach, The Automatic Millionaire, one of the things he talks about is that how in the history of the United States, the most successful saving program we've ever had has been the 401k, right? So that's an automatic deduction from your paycheck. So that may or may not apply to all of our listeners here, but if it's on you to remember at the end of the month to write a check, to send it to a retirement account, that may or may not be something that you can stay consistent with, and stay intentional with.Joseph Rugger:But if it's an automatic paycheck deduction, then it's out of sight, out of mind. So I'm not here sitting here saying that you need to save for a year and a half or none of that stuff, what I'm saying is what are the systems that you can set up? What are some things that you can put in place that you can be intentional about your money, something that you can stick with? I have good friends that are interested in making sure that they do a certain amount in charitable deductions each month. And I say, "Okay, well, when do you get paid?" "Well, I get paid every other Friday." "Okay. Well, why don't you set up an automatic donation to that charity every other Friday? They draft money out of your account the same day that your payroll comes through."Joseph Rugger:So again, if charitable donations is your thing and that's one of the things you want to do, be intentional about it. So this is how much I want to do every two weeks, or every 15th and 30th, or on the first of every month, or the 10th of every month, or any of that stuff. It's like on your mortgage payment, do you have the... And this is probably going to sound silly to a lot of our listeners at this point, but 10 years ago, there were tons of people that would sit down, and they would write a check, and they would mail a check to the mortgage company, right? So how do you remember? "Oh, well, I got my paper statement in the mail." Well, now it probably comes via email. A lot of you probably have it set up on auto-draft.Joseph Rugger:So what are the different systems that you can set up to set yourself up for success? Whether it be with how much you're spending on meals, entertainment, or travel, or if it's something like how much is my house payment? And what day of the month does that come out? Or how much is going to... We've mentioned a couple of times in emergency funds, how much do I need to have in an emergency fund? Well, I'm not here to tell you how much needs to be in there. What I'm telling you is you need to have an emergency fund. How much, that's really up to you and your comfort level. So how are you going to set up systems in place to have an emergency fund, right? The other thing that I would say is there are things that qualify as an emergency. Back to school shopping for the kids is not an emergency. Christmas presents are not an emergency.Joseph Rugger:Those are things that you need to be intentional about throughout the course of the year, throughout the course of November, December, or July and August, when it's time to go back to school shopping. If we're going to spend $1,000 on back to school clothes for the kids, we can't also spend X amount of dollars on vacations or eating out. All of these things, money comes in, money goes out. It's a zero-sum game. If you're looking at it from a budgeting perspective, I just want you to be intentional about it. I think that's probably my thing there. So Jonathan, I would say, what systems can you set up? What are some things that you can stick to? And what are some things that you can be super intentional about? What are your thoughts there?Jonathan VanHorn:Do you recommend people do the automatic payments to things like with the mortgage and even credit cards can set up automatic payments now? For me, personally, it's all set up whenever I get a medical bill in that can't be paid online, I get frustrated because I'm like, "Oh, I got to find a checkbook somewhere in my house to write one of these archaic notes to someone." So everything I do is done... And also, if it's not done automatically, then I have a chance of not paying it. So do you recommend people do that or are you asking for the intentionality of the payment to be missed if you do it that way? I don't know if intentionality is the word.Joseph Rugger:Yeah, good question. So I think I got to be careful about this because everybody's going to come at this thing from a different perspective. There are going to be some people that are going to listen to this that have $500 in their personal checking account and they're going to live paycheck to paycheck. There are going to be some people that are listening to this that keep $100,000 cushion in their personal checking account. So I think that you got to approach each situation a little differently. So I think, that in general, I think that what is the "cushion" that you have inside of your personal checking account? So some people may be comfortable with a thousand bucks, 5,000 bucks, $25,000, 50,000. Everybody's going to have a different comfort level of what they've got.Joseph Rugger:What I don't want you to do is I don't want you to say, "Oh, these guys told me I needed to automate everything, so I set my credit card on auto-pay." And then, all of a sudden, you ran up a $35,000 credit card bill, and you didn't have $35,000 in your checking account when the auto-pay came through. So I think that that's one of the things that we got to be careful in just saying, "Oh, set everything up on auto-pay." I love auto-pay. I have auto-pay for a lot of things, but I don't have it on everything. I think that you need to figure out what makes the most sense for you to have on auto-pay and you need to just make sure that you've got that squared away. So some people might say, "Oh, I have my credit card on auto-pay."Joseph Rugger:And they send me an email that says, "Hey, by the way, your bill is due. It's due on this day, you're going to get an auto-draft on this day." And they're just like, "Oh, okay, great." And they'd go say, okay, well, however much the bill is, 10,000, 20,000, whatever. And like, "I'm going to make sure that that money is in my checking account." And that kind of thing. So I'd proceed with caution on what all you set up on auto-pay. So there's simple stuff like your utility bill, your gas bill, and your water bill, and your electric bill. I would imagine that most of the people that are listening to this podcast are not living on $50 in their checking account, right? If I talked to my 21-year-old college brother, he probably needs to make sure he actually writes the check for his utility bill and make sure that the money is actually in the account.Joseph Rugger:But some of the smaller stuff like that... I like being intentional about charitable giving, the mortgage payment's a really, really important payment that you don't want to miss, and have fees, and associated with that. The credit card payments are something that gets a little dicey because that changes every single month, right? I've never had two months in a row where all of the expenses go on the credit card and it's the same exact amount. It's going to vary widely based on what all's going on. It's like, we're in the middle of the summer right now, so there's going to be stuff about going to the lake, and stuff about going to the beach, and hotels, and airfare, and like all that different stuff. And we're not doing a whole lot of traveling in February, right?Joseph Rugger:We're hunkered down because the ice was coming and the snow's coming. It's like, every single month is different. May, tons of people get married in May or graduate in May. It's like, we're going to have graduation gifts, and we're going to have wedding gifts, and we're going to have all that different stuff, right? It's like, what month is your child's birthday? Are you going to have a big, huge blowout and have the big jump jump out at the house? You going to have the DJ come and DJ the kid's birthday party? So I'd proceed with caution on setting up some of the bigger stuff, I guess, for automatic payments, and just be intentional about that. Does that make sense? This is me dancing around the question, but for the most part I think it really depends [crosstalk 00:27:12].Jonathan VanHorn:Yeah, I completely understand what you're saying. So in terms of the... We touched on credit card debt, but what about just debt in general? So you said the first step is to have intention. I guess, before we talk about that, how does someone define their intention? Because at the end of the day, we're doing budgeting for a reason. And how does someone define their own intention? You have to have an intention, but what is intention for someone like this? What's the purpose of all this? Hey, everybody, Jonathan checking in really quick here, this episode got a little long, so we cut it into multiple pieces. This is episode one. You can find episode two next week, or in the following weeks. So make sure that if you listen to this episode, you listen to the other episode as well, so you have the full context around everything that's going on. Thanks for tuning in and we will see you next time.Jonathan VanHorn:That's it for today, guys. I hope you enjoyed this episode of The Tooth and Coin Podcast. If you are going to be a practice owner, or a new practice owner, and you're interested in CPA services, head on over to toothandcoin.com where you can check out more about our CPA services. We have around 250 offices around the country. We would love to be able to have the discussion about how we could help your new practice. We do specialize in new practice owners. So people that are about to be an owner of a practice that are inquiring, that are about to be an owner of a practice they are starting up, or has become an owner in the past five years, that is our specialty. I would love to be able to talk to you about how we could help you in your services with your tax and accounting services. And if you enjoyed today's episode, again, go to the Facebook group.Jonathan VanHorn:Talk to us about what we've talked about, join in on the discussion, and let's create an environment where we can talk about some of these things, so that we can all help each other get through these things together, so that this adventure of business ownership is more fun, more productive, and better in the longterm. Lastly, if you want access to those resources that we are currently building, just text the word toothandcoin to 33444. That's toothandcoin, no spaces, T-O-O-T-H-A-N-D-C-O-I-N to 33444, reply with your email address. We'll send you instructions in the Facebook group. We'll send you the resources when they're available and we will see you next week.

Ray Sison is a Senior Design Director for Product Design for SNKRS at Nike, designing for a niche community of sneakerheads. Before that, he was the Head of Design at Clarity Money, which was acquired by Goldman Sachs in 2018. He was previously a Design Director at both Work&Co and R/GA, and worked on top brands like Google, Apple, Facebook, Playstation, Fortnite, Aesop, Nike+, Nike Basketball, Samsung, and a lot more. In this episode, we talk about what it's like to design for a brand like Nike, how to be an effective design director, why making it harder to buy shoes makes sense, and so much more.

Ray Sison is a Senior Design Director for Product Design for SNKRS at Nike, designing for a niche community of sneakerheads. Before that, he was the Head of Design at Clarity Money, which was acquired by Goldman Sachs in 2018. He was previously a Design Director at both Work&Co and R/GA, and worked on top brands like Google, Apple, Facebook, Playstation, Fortnite, Aesop, Nike+, Nike Basketball, Samsung, and a lot more. In this episode, we talk about what it's like to design for a brand like Nike, how to be an effective design director, why making it harder to buy shoes makes sense, and so much more.

Ever wonder what your neighbors are really doing with their cash? Our round table takes a deep dive into a new study exposing the secret financial lives of your friends, family, and neighbors - and it's not all good news. Joining us to cover the new numbers are this week's contributors: Len Penzo from the LenPenzo.com blog, Paula Pant from the Afford Anything podcast, and Doc G from the Earn & Invest podcast. Halfway through the show, we'll stop our fly-on-the-wall discussion to find out what's happened to Clarity Money. The fintech app was purchased and retired by Goldman Sachs, which rolled some of Clarity's features over into their new Marcus Insights app. Melissa Manne from Goldman Sachs joins us to share both what fans of the old app (like us) have to look forward to, AND some features designed from ground up to help you save money. Our contributors finish the round table with a question from Bill - who wants to know more about the barbell investing strategy. Our guest break down barbell investing, give the pros and cons, and - of course - give their take on what Bill should do from here. Of course, Doug still has slice of airtime for his game-show trivia...which won't disappoint our trivia fans. Enjoy! Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe Saul-Sehy is the creator and co-host of the Stacking Benjamins and Money With Friends podcasts Understanding Time Horizons with Justin Waring To offer your own advice, call Zak @ 844-935-BEST TRANSCRIPT: ZAK: Today on the show, a few simple tweaks you can make to automate your financial picture. JOE: That's one of my favorite things to talk about, Zak and I think it's the hidden thing that people don't think about. They think they need to make more money. They think that they need to pay attention to their budget a lot. Which, you know, both those things are great but, man, automated your financial picture so that money just goes to the right place I think is the best advice I've got. ZAK: Heck yeah. So, I have been meaning to do that for, I don't know, five years and just haven't. So, how would you suggest folks get started? JOE: Well, the cool thing about it is that you just do it once. The nice thing about automating your finances is you do it once and it's all done. And I think that the way we think about it is that our brains can only handle so much at one time. Here's where I'm coming from. Sherlock Holmes, the smartest guy who never lived, in A Study in Scarlet, he famously said, 'What the deuce is the solar system to me.' And what he's really saying is he only has so much room in his brain attic and he needs to just focus on the important stuff. And one of my favorite researchers about time management, a woman named, Laura Vanderkam. She talks about our brains being a battery and that battery during the course of a day, it runs out. So, I don't want my brain battery running out before I remember to build my net worth. So, this is where automation comes in and all these important things we need to do, like remember to save and pay the bills on time. If we automate that stuff, we can just focus on the most important thing in our financial life which is finding ways to be better at our job and maybe make more money or have a more fulfilling career. ZAK: I love it. So, what do you use to automate? JOE: So, the first thing I have is something that helps me track my money and I use a low-cost program called Tiller cause I don't like ads but there's plenty of free things. There's a great one called Clarity Money. There's another one called Mint. There's Money Lion. The bad news about those apps is that they will market to you at the same time as they're helping you but what I like about all of these is that you can set alerts that you tell you when you go over set numbers. So if I spend too much money at a restaurant. This happened to me just a few weeks ago. I go through a drive-thru to pick up some food and immediately my phone buzzes because I went over my restaurant budget for that week. I really like the fact that I don't have to pay attention to my money every minute. I just have to pay attention at critical times. The other thing, though. The one that most people have is if you have a job and you have direct deposit, almost everyone direct deposits to their checking account and this is a really easy, automation shift. So, you already have the automation, we just have to have it go to the right place. Have that go to you savings account instead. And all of a sudden your brain has flipped and now the money is automatically saved and instead of deciding how much of your paycheck you want to save, now your money is already saved and you have to decide how much you want to spend and now we're doing critical task, number one, I think, which is we're disassociating the amount of money that we make from the amount of money that we spend. And when I made that one switch, all of a sudden where I didn't think I could save money before, money started piling up in my savings account because I'd always leave a little there instead of taking every dime to spend on whatever I needed that walk.

Click Subscribe to keep up to date on the world of fintech!  Reach us at info@fintechnewscast.com or at @fintechnewscast on Twitter Hossein Azari CEO and founder of cmorq explains the benefits of blockchain products, the valuable data they contain and why he co-founded Clarity Money

Top 5 Thursday - The Top 5 Budgeting Apps  Mint, Personal Capital, YNAB, EveryDollar, Goodbuget/Mvelopes Honorable Mentions: CoPilot, Simplifi, Clarity Money, Pocket Guard, Honeydues, Honeyfi, Zeta   Debt Free Living, Money Advice for Women, Budgeting, Apps to Help Budget, Mastering Her Money with Tanielle Price, Debt Freedom, Wealth Building YNAB - extra free month - https://ynab.com/referral/?ref=fTvLhQ_9OFPzumNi&utm_source=customer_referral

In this episode of This Is Series A, Talia Goldberg and Jeremy Levine speak with Adam Dell, American venture capitalist, early investor and board member in OpenTable, and founder and CEO of Clarity Money, a personal financial management tool that helps people bring more transparency to your spending. The company was acquired by Goldman Sachs in 2018. Adam Dell is now a Partner and Head of Product at Marcus by Goldman Sachs. Takeaways: Why digital neo-banks are beneficial for consumers: “The internet and its reach will reduce the need for regional and local banks. The notion that you need a traditional branch to walk into is going away in the mind of the consumer. (Somebody has to pay for those marble columns and that burden has been on the consumer.) If a consumer can get a digital experience that allows them to do the things they need to do without having a physical branch, there's an enormous cost advantage.” The future of US banking is seen in APAC: “I look to Asia as an example of what is to come in terms of personal finance trends. Ant Financial demonstrates the power of gamifying finance — Ant Financial offers rewards to its consumers for good financial behavior and also puts incentives in place to drive better habits. It's a win-win for the company and the consumer. The most direct and important competitors in the personal finance ecosystem will not be traditional incumbent banks, but will be the Googles, the Apples, the Amazons of the world.” Financing advice from someone who's been on both sides of the cap table: “I raised money from people who knew me well and who were essentially making a bet on two things, the market and me. Many venture investors distill their investment thesis to those two things. Is this the right individual and is this the right opportunity within the market? I had some advantages there because the folks who backed me, again, as I said, have known me for a long time and have seen how I operate and how I try to tackle problems. The other thing I would say is that momentum is a very powerful thing when you're raising money. There's a fear of missing out on the next big thing and entrepreneurs can leverage that. The other thing is that I priced the Series A in a very reasonable way. (We raised three million at nine-pre.) It was a very modest, appropriate size of capital for the problem I was trying to solve in the first stages of the business." Advice on how to bring others along your entrepreneurial journey: “It's important to not be greedy with equity with your fellow teammates in this endeavor. I was very fortunate to find a VP of engineering, a head of data science, a head of data engineering, a head of mobile engineering. And I was generous with them from an equity standpoint because I knew that I needed them. One of the things that I fully believe is that spreading the equity-wealth gets people to feel as though this is part of their journey as well. And this is not a job, this is a mission. If they feel like an owner, they will give you more than you would get if they are just a salaried employee.”

The acceleration of digital banking that took hold during the pandemic allowed for continued adoption of Goldman Sachs’s consumer banking product suite. Marcus by Goldman Sachs, which launched four years ago, had $96 billion in deposits as of the third quarter of 2020. With personal loans, savings accounts, and Marcus Insights, its personal finance analysis tool, Goldman is building a comprehensive product suite. The bank has fully integrated the capabilities of the Clarity Money app, which it acquired in 2018. “The long-term objective of what we're setting ourselves to do in consumer is to create a complete business that has a very robust platform on which millions of consumers will be able to control their financial destiny either through their own balance sheet or cash flow,” said Stephen Scherr, chief financial officer at Goldman Sachs, speaking at the Bank of America Merrill Lynch Future of Financials Conference this month. “Our ambition is to grow out the product set that's there, including in 2021, seeing checking and a wealth module to again grow out that platform in a more profound way.” On today’s podcast, we speak with Melissa Manne, who is vice president and head of product at Marcus Digital Storefront. She was previously vice president of product management at Clarity Money and director of software product management at American Express. Manne reflects on her journey from Clarity Money to Marcus by Goldman Sachs and the next steps for Marcus.

Organizational change is hard. In part 2, Jean-Denis Greze explores how you can adapt and transform the strengths, capabilities or “spikes” of your organization by intentionally using the strategies of “Isolation”, “Outlets” and “Shocks.” He shares a ton of great real-world examples and case studies to help you apply these strategies in your org. "The thing that I think makes over a 10 year period, a really good engineering organization is that at any one moment in time, it has very few spikes, but over a long period of time, it has all the spikes." - Jean-Denis Greze Jean-Denis Greze is Head of Engineering at Plaid, the technology company giving developers access to the financial system and the tools to build many of the most influential applications and services of the modern financial era. Companies such as Venmo + Paypal, Coinbase, Robinhood, Acorns, Clarity Money and hundreds more are built on Plaid. Prior to joining Plaid, Jean-Denis was Director of Engineering at Dropbox, where he led the growth, identity, notifications, Paper and payments teams. Prior to Dropbox, Jean-Denis worked in fintech in New York and has CS degrees from Columbia as well as a JD from Harvard Law School. SHOWNOTES How to mitigate weaknesses in your organization using the strategies of Isolation & Outlets (2:47) How to use “Isolation” in your business units as an org building strategy: examples from Plaid and Xbox (8:44) How to use “Isolation” in recruiting & product strategy: examples of apprenticeships to hire, roles you've never hired for, and incubator programs (12:17) How to use "Outlets" to create different conversations, adopt different values, and set new priorities (16:38) The “Portfolio Theory of Time Allocation” (19:41) How to introduce "Shocks" proactively to change and adapt your organization (28:32) How to intentionally use Acquisitions to “Shock” your organization (33:35) How to intentionally use Reorgs to “Shock” your organization (36:06) The power of peer groups and re-reading (45:19) ANNOUNCEMENT Nominations for the 2020 Inspiring Leadership Award are now open! We created this award to recognize role models of engineering leadership, for the work they do every day to make a difference in their teams and organizations. Share their story with us and submit a nomination at: SFELC.COM/SUMMIT2020/AWARD Join our community of software engineering leaders @ https://sfelc.com/ --- Send in a voice message: https://anchor.fm/engineeringleadership/message

Organizational change is hard. Jean-Denis Greze shares how he thinks about building organizations that can adapt in a way that preserves strengths, mitigates weaknesses, and develops new capabilities or “spikes” through periodical “forced changes.” He’ll explore what those forced changes are and what they’ve looked like at Plaid and other companies. "You're asking me what makes us different. I think it's that we've been really deliberate about building what I would call a ‘spiky org’ as opposed to a very balanced organization. The reality is when you're in a fast-growing company, it's much easier to do a few things well than to try to do everything.” - Jean-Denis Greze Jean-Denis Greze is Head of Engineering at Plaid, the technology company giving developers access to the financial system and the tools to build many of the most influential applications and services of the modern financial era. Companies such as Venmo + Paypal, Coinbase, Robinhood, Acorns, Clarity Money and hundreds more are built on Plaid. Prior to joining Plaid, Jean-Denis was Director of Engineering at Dropbox, where he led the growth, identity, notifications, Paper and payments teams. Prior to Dropbox, Jean-Denis worked in fintech in New York and has CS degrees from Columbia as well as a JD from Harvard Law School. SHOWNOTES What you should focus on when building an organization: Be a "spiky" org (2:31) How to change and adapt your organization that preserves your strengths, mitigates weaknesses, and develops new capabilities: force yourself to adapt your “spikes” (7:01) Recruiting, Growth and Performance Management as “spike” examples in organization building (and why it's NOT useful to be good at all three of them) (8:15) The org design dilemma between "Hiring Well" vs. "Firing Fast" (12:01) The org design dilemma between business impact vs. craft and quality (18:27) How you know when you should change your strengths, values and build a new "spike" (24:48) The dilemma of building an organization with bottom-up vs. top-down decision making (27:47) How to develop new strengths, capabilities, or “spikes” in your engineering organization (32:20) Jean-Denis's process to create space for questions, creativity, and problem-solving (36:33) ANNOUNCEMENT Nominations for the 2020 Inspiring Leadership Award are now open! We created this award to recognize role models of engineering leadership, for the work they do every day to make a difference in their teams and organizations. Share their story with us and submit a nomination at: SFELC.COM/SUMMIT2020/AWARD Join our community of software engineering leaders @ sfelc.com --- Send in a voice message: https://anchor.fm/engineeringleadership/message

Join Rich and Tony while they discuss the best budgeting apps of 2020 as well as a guest interview with Senior Airman Matt Davis of the United States Air Force. Matt speaks about his unique budgeting tactics he uses while being in the military and shares his thoughts on one of today's top 5 budgeting apps. EveryDollar https://help.everydollar.com/hc/en-us Mint https://help.mint.com/ Wally (3.0) https://www.wally.me/ YNAB (You Need A Budget) https://support.youneedabudget.com/ Clarity Money https://help.claritymoney.com/en/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Sandra Grahame is a money and lifestyle expert who has been featured on Oprah, The Today Show, CNN, and so much more. She is an author, a keynote speaker, a brand spokesperson — but, most importantly, she’s a Smart Cookie! Smart Cookies Money Mentoring is a digital platform designed to help ambitious women achieve life changing financial goals. As co-founder and CEO, Sandra has helped hundreds of women achieve financial wellness — a topic we don’t talk about enough in the wellness space — and I am so excited to introduce her to all of you in a time when so many people are really thinking a lot about their finances and how they can make money from home. You will learn about... (00:40) What is financial wellness? (02:10) How working with friends to tackle their own debt inspired Sandra to create Smart Cookies (06:00) What everyone should be doing to support themselves financially in the future (14:05) Sandra’s advice for taking the “next step” in adulthood: buying a house, saving for your kid’s college tuition, etc. (17:40) The first steps you should take towards planning for retirement (28:45) Marie Kondo-ing your money (30:24) An exercise to help you connect your habits and actions to your Why, which will help you be more intentional about your purchases (36:20) Apps that will help you invest and save (42:50) How do we know if we’re using the right credit card? (48:50) Low-hanging fruit for cleaning up your spending Resources: Smartcookies.com (https://smartcookies.com/) Instagram: www.instagram.com/sandra.grahame (https://www.instagram.com/sandra.grahame) LinkedIn: linkedin.com/in/sandra-grahame-19353b8 (https://www.linkedin.com/in/sandra-grahame-19353b8/) Acorns app: www.acorns.com (https://www.acorns.com/) Mint app: www.mint.com (https://www.mint.com/) Tip Yourself app: www.tipyourself.com (https://www.tipyourself.com/) Clarity Money app: claritymoney.com (http://claritymoney.com) Get a human on the phone: gethuman.com (https://gethuman.com/) Figure out what credit card is right for you: bankrate.com (http://bankrate.com/) Spending Awareness Guide: smartcookies.com/spendingawarenessguide (https://smartcookies.com/spendingawarenessguide/) Get the $1,000 Jumpstart Guide (https://fantastic-mover-2441.ck.page/e5924d1d7f) Connect with Kelly: kellyleveque.com (https://kellyleveque.com/) Instagram: @bewellbykelly (https://www.instagram.com/bewellbykelly/) Facebook: www.facebook.com/bewellbykelly (https://www.facebook.com/bewellbykelly/) Be Well By Kelly is a production of (http://crate.media)

In our latest podcast, Peter Jankovsky (WG'20) is joined by Omer Ismail, the head of Goldman Sachs' US consumer business. In this role, Omer oversees the Marcus by Goldman Sachs and Clarity Money businesses as well as the Goldman Sachs/Apple credit card partnership. Omer was originally the consumer business' first employee, and under his leadership, Goldman Sachs' US business has grown to over 4 million customers, $5 B in loan balances, $50 B in deposits, and 1,300 employees.*   In this extensive interview, Omer dives into: • The story behind Goldman's decision to enter consumer banking and how it went about understanding consumer pain points to deliver a unique value proposition • How the consumer business operates as a distinct business within the broader Goldman umbrella, and how its focus on constant iteration of design and UX delivers a differentiated customer experience • Surprises and challenges that Goldman tackled as it scaled its consumer business • Thoughts on what's next for Goldman in the consumer banking space, as well as Omer's view on opportunities/challenges in the market   Prior to launching Goldman's consumer business, Omer spent a decade in the private equity division at Goldman Sachs, focused on investing in technology-enabled businesses in the financial services, media and healthcare sectors. Omer grew up in Karachi, Pakistan and earned a BA from Dartmouth College and an MBA from Harvard Business School. He has been featured in the Wall Street Journal, CNBC, Forbes, Fast Company and American Banker. He has been recognized as one of Business Insider’s 100 People Transforming Business, Crain’s 40 under 40 and Bank Innovation’s Innovators to Watch. Omer lives in New York with his wife and two kids. * Stats mentioned in audio may slightly differ; podcast was recorded at start of summer 2019.

Adam discovered his interest in venture capital while in law school then hustled his way into the industry by offering to work for free. Not being afraid to do the work, going deep and the importance of focus. Starting Clarity Money and selling it to Goldman Sachs 18 months later for $$$.

Colin is a managing director within the Consumer and Commercial Banking Division of Goldman Sachs. He works as the chief operating officer of Clarity Money. Prior to Clarity Money, Colin held leadership roles in business development, innovation, and general management at American Express. He managed global partnerships for American Express, producing consistent double-digit growth on $200M global P&L and leading the highest-performing team in consumer business. ----- **Links:** Marcus: https://www.marcus.com Clarity Money: https://claritymoney.com/ Benzinga Pro: https://pro.benzinga.com/ Fintech Focus Newsletter: https://www.benzinga.com/fintech-focus/newsletter/

Welcome to the Tearsheet Podcast. I'm Zack Miller. We're digging deeper here, talking to some of the top finance and fintech marketers about the challenges and opportunities in growing their businesses. Marcus, the online consumer bank by Goldman Sachs, has been running a man-on-the-street ad campaign about recent research the company conducted. According to the survey, 60 percent of Americans with savings accounts don’t know the interest rate on their savings account, and *more than half* of Americans with savings accounts (56 percent) opened theirs without exploring other options. Dustin Cohn, head of brand and marketing communications at Marcus, joins me on the podcast to talk about the survey and why Marcus chose interest rates as a differentiator. We unpack the recent advertising campaign and explore the recent acquisition and integration of personal finance app, Clarity Money. Dustin Cohn is my guest on the Tearsheet Podcast. Before we jump into the interview — If you get value out of this podcast, we'd appreciate a review wherever you get your podcasts. We do this for you and reviews are the fuel that make this podcast go and help others to discover it. You can get this episode and 200 others in our archives at www.tearsheet.co Here's my interview with Dustin.

We face a new type of reality when it comes to managing our finances. From mounting student loan debt, keeping track of all subscription services like Netflix and Spotify and more simply, trying to pay rent and buy groceries -- it's overwhelming to figure out where to start.One of my fav money management/budgeting apps is Clarity Money. I use it myself (I'm a big fan) and went straight to Colin Kennedy, the Chief Operating Officer & Revenue Officer of Clarity Money to explore the power of small daily money habits and how you can use them to empower your money.Episode Details:There are a million apps on the market to manage your money and budget more effectively. I've tried them all myself and one that has found a permanent home on my phone is Clarity Money. It really is different than most of the budgeting & saving apps and has made a big difference in how I manage my money every day.I was excited to have Colin from Clarity Money on this episode to dig beneath the surface of the app and talk about how you can use the concept of daily money habits to revolutionize your finances. Yes, I'm talking game-changing perspectives here.Check out Clarity Money if you aren't bff's yetEpisode Sponsor:Big thanks to Audible for sponsoring this episode. Audible is offering Millennial Money listeners a free audiobook with a 30-day trial membership. Just go to audible.com/mymoney and browse the unmatched selection of audio programs – download a title free and start listening. Go to audible.com/mymoney or text mymoney to 500-500 to get started today.Thanks for Tuning In:Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!Have an Ask Shannah question, submit it here.Want More:Shannah on TwitterShannah on Instagram

From the financial problems facing Americans to how psychology explains people's saving and spending habits, this episode is all about money. Entrepreneur Adam Dell, founder of Clarity Money, a personal finance app that was acquired by Marcus by Goldman Sachs in April 2018, joins us to talk about all this and more, including how he created a mobile app to simplify individuals' money management. "Startups that have risen to prominence are focused on transparency, advocacy and simplicity - what I consider to be the tectonic shifts in consumer finance," he says. This podcast was recorded on June 14, 2018. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. The information contained in this podcast was prepared for general information purposes only, does not constitute research, advice or a recommendation from any Goldman Sachs entity to the listener and are not a substitute for personalized financial advice. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast. Goldman Sachs and its affiliates expressly disclaim any liability (including any direct, indirect, or consequential loss or damage) for this podcast and its content. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Maggie’s catalyst for going into financial coaching Addressing mindset + psychology around money How to release shame + fear around money Practical tips for people who struggle with overspending Why is it so important for women to be empowered in their finances Favorite Budgeting Apps: Mint, Clarity Money, Old school spreadsheet, LearnVest, YNAB, Personal Capital Living in an Urban Area- how to save money Salary Negotiation - tips on how to negotiate your salary or ask for a raise The biggest thing that holds women back from reaching their financial goals To find the full show notes visit: www.alliowen.com/maggie To join our FB community: www.fb.com/groups/alignedandalive 

Jean-Denis Greze is Head of Engineering at Plaid, the technology company giving developers access to the financial system and the tools to build many of the most influential applications and services of the modern financial era. Companies such as Venmo + Paypal, Coinbase, Robinhood, Acorns, Betterment, Clarity Money and hundreds more are built on Plaid - whose investors consist of Goldman Sachs, NEA, Citi Ventures, Spark Capital, American Express, and Google Ventures.   Prior to joining Plaid, Jean-Denis was Director of Engineering at Dropbox, where he led the growth, identity, notifications, Paper and payments teams. Prior to Dropbox, Jean-Denis worked in fintech in New York and has CS degrees from Columbia as well as a JD from Harvard Law School. Outside of work, you’ll find him trail running, reading, or plotting his next vacation to Japan. If you want to learn more about Plaid after this podcast, visit them at www.plaid.com and check out the open eng roles on their career page - where you can actually apply by API. You can also follow them on Twitter - their handle is @plaid, or give their awesome recruiting team a shout at recruiting@plaid.com. On today's episode we discuss software engineering values and how to enable engineers to be successful at your company and beyond. Social Media Plaid’s website: www.plaid.com Twitter: @jgreze Linkedin: https://www.linkedin.com/in/jeandenisgreze

Griffin the Intern (the "FinTern") is bringing the party on today's rewind episode. This roundtable show originally aired February 2017, and featured Paula Pant, Len Penzo, and Greg McFarlane trying to guess if different forms of income are taxable or not. Of course, in true 2017 roundtable fashion, there's also a FinTech segment and some fun topics that gang goes over too.  Enjoy!

Today on Mobile Presence Peggy welcomes welcome Marc Atiyeh. Marc leads Strategy at Clarity Money where he focuses on growth efforts from User Acquisition, Operations, Partnerships, and Marketing. Prior to joining Clarity Money, he was the Head of Growth at Paribus where he oversaw the growth of the company from 10,000 users to 1,000,000 in less than 12 months. They talk about every demographic in the app world and give you a few tips on how to reach specific ones. 

On Episode 3 of Startup Soundbites, we chat with EMBA student Hossein Azzari, Co-Founder and Chief Data Scientist at Clarity Money, a personal finance app that tracks and analyzes your finances to help you manage and save money. LINKS FROM THE PODCAST: https://claritymoney.com/ https://claritymoney.com/about/ Intro music by Drop Electric: www.dropelectric.com/ Follow the Columbia Entrepreneurs Organization: www.facebook.com/CBSCEO/ twitter.com/cbsceo