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Music Studio Startup: Helping music teachers thrive as entrepreneurs
Today's episode is a rebroadcast of one of the earliest episodes of Music Studio Startup, but it has stood the test of time. It's worth noting that at the time of recording, my guest Shannah's podcast was called “Millennial Money”, but the name has since changed to “Everyone's Talkin' Money.” Here's the episode: If you're in the first few years of your career, money can be a complicated topic. You may be trying to balance bills and student loan payments while still investing in your business. On top of that, if you're self-employed, you have to figure it out all on your own! In today's show, you'll be introduced to Shannah Compton Game, a Certified Financial Planner and the host of the Millennial Money podcast. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode150. Cohort starting 9/23: Music Studio Business Building 101 MSS Entrepreneurs Hub + Mastermind Business Finance for Music Teachers
In this episode of the podcast, Jacqueline Twillie, a renowned author, speaker, and career coach, interviews Shannah Compton-Game, a leading money expert, entrepreneur, and founder of the Millennial Money Podcast. During the interview, they delve deeply into various topics related to personal finance, including the emotional aspect of money, the significance of gender equality in the financial world, common money myths, and the Un-F Your Relationship with Money course.Shannah emphasizes the importance of being open and vulnerable about money mistakes and shares her values that drive decision-making, which are grounded in authenticity, transparency, and integrity. She also highlights the significance of having regular money dates, which involve setting aside time to talk openly and honestly about money with your partner or loved one. She provides practical tips for improving financial literacy, such as reading personal finance blogs, books, and podcasts and seeking guidance from financial experts. The episode concludes with Shannah sharing her inspiration from her dog, Winnie, and ways to connect with her online, including her website, social media channels, and podcast. Throughout the interview, Jacqueline and Shannah engage in a lively and informative conversation that will resonate with anyone interested in improving their financial well-being and achieving financial freedom. Takeaways Money decisions are often driven by our emotions rather than just math. Gender equality is crucial in the financial industry. Some common money myths need to be debunked, such as the belief that money is only about math, that achieving goals is solely about saving money, and that being debt-free is always the best option. The course, "Un-F Your Relationship with Money", can help individuals overcome these myths and develop a healthier relationship with money. Being vulnerable and open about money mistakes is important for personal growth and learning. Values such as intentionality and curiosity drive decision-making in the financial realm. Money dates, or intentional meetings to discuss finances, can help individuals take control of their money and make empowered decisions. Recommended money moves include understanding one's mindset, improving financial literacy, and setting goals with a spending plan. Successful investing requires patience, loyalty, and forgiveness. Improving financial literacy can be achieved through podcasts, finding a money mentor, and being mindful of what one pays attention to. The course, "Un-F Your Relationship with Money", offers a supportive community and practical tools for personal growth. Get on the waitlist for the course here https://etmpod.link/moneycourse. Inspiration can come from unexpected sources, such as Shannah's dog, Winnie. Chapters 00:00 Introduction and Background03:06 The Importance of the Emotional Side of Money06:10 Women's History Month and Gender Equality07:55 Common Money Myths11:12 Un-F Your Relationship with Money Course13:21 Being Vulnerable and Open about Money Mistakes14:40 Values that Drive Decision-Making16:01 The Importance of Money Dates23:29 Mindset for Successful Investing24:19 Tips for Improving Financial Literacy25:35 Un-F Your Relationship with Money Course Details27:10 Inspiration from Shana's Dog, Winnie28:17 How to Connect with Shana Online hello@everyonestalkinmoney.com and https://everyonestalkinmoney.com/28:59 Closing Remarks --- Send in a voice message: https://podcasters.spotify.com/pod/show/winningseason/message Support this podcast: https://podcasters.spotify.com/pod/show/winningseason/support
In this episode of The Personal Finance Podcast, we're going to talk to Shannah Compton Game about how to master your money mindset when it comes to setting your money goals Join Our Newsletter here! Here is the link to Index Fund Pro! https://mastermoney.co/index-fund-pro/ Use Promo code INDEXFUND30 (all caps) for 30% off index fund pro until January 10th! Thanks to Our Amazing Sponsors!: Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/pfp. Fundrise: My favorite place to invest in passive real estate! Visit fundrise.com/PERSONALFINANCE to join them in just minutes. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Policygenius: This is where I got my term life insurance. Policygenius made is so easy. To get your term policy go to policygenius.com and make sure your loved ones are safe. Checklist of relevant episodes: How to Set Money Goals You Will Actually Achieve (The Best Money Goals to Build Wealth This Year) The 8 Stages of Building Wealth (and How to Set Money Goals) How Do You Stay Motivated to Pursue Your Goals - Money Q&A The Million Dollar Money Decisions You Should Be Focusing On How You Can Create Life Changing Money Routines (Copy Mine!) Connect with Shannah Compton: Shannah's Podcast Shannah's Website Shannah's Instagram Shannah's Twitter Personal Finance Youtube Channel https://www.youtube.com/@thepersonalfinancepodcast FREE GUIDES: ============== -Check out the free guide on where to put your money in what order! https://www.mastermoney.co/stairway-to-wealth -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge ============= We have a YOUTUBE channel! Check it out here! Our Latest Videos: How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me. ============ Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! ============ Check out all the Stuff I Recommend! Check out all my favorite Credit Cards https://milevalue.com/top-offers-mastermoney/ USEFUL RESOURCES: The Year-End Money Checklist https://mastermoney.co/year-end-money-checklist/ The 75 Day Money Challenge https://mastermoney.co/75-day-challenge/ Finally, Get That Raise https://mastermoney.co/resources/ ============ DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. ============ Check us out on social fam! Twitter Tiktok www.thepersonalfinancepodcast.com www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
Women have been largely overlooked in money conversations and you know the stats, we earn less, live longer, and so much more. We definitely get the short end of the equality stick a lot. So it's even more important, no, make that critical, that we as women learn how to have fiscal freedom. I'll share the must-know money lessons that every woman needs to know and holds your hand through some serious topics like divorce, prenups and postnups, and all those money topics that you'd rather hide from. My message is that you need to become the CEO of your life. Join us for this inspiring episode that feels like a fun information overload, in the best way possible, and a wild ride with Shannah Compton Game. Let's get talkin'. Links mentioned in this episode: TheBahnsenGroup.com TheFiscalFeminist.com
Louis Llanes, CFA CMT, founder of Wealthnet Investments welcomes Shannah Compton Game, host of Millennial Money Podcast (https://www.mmoneypodcast.com/). In this episode you'll hear: Shannah's previous life experiences, and how they led her to her life today Who and what is a millennial? How do millennials and boomers view the world differently? Are the millennials starting to think more like the boomers think? What are millennials doing with their money? How are they investing and why? The biggest financial planning and investing challenges for millennials right now Advice for millennials with money that they have no idea what to do with The dating world and how that affects millennials financially Millennials and student loan debt How should we educate the millennials specifically to help them turn it all around? Please make sure to like, follow and subscribe on your favorite podcast platform! Email Us! Is there a financial question or market problem you would like to hear Louis work through on The Market Call Show? Email us at hello@louisllanes.com and you may see it answered on a future episode! When you are ready, here are some ways we can help YOU with your investing and financial planning: 1. Try the new RISK NUMBER SCORECARD Everyone has a risk number. Let's find yours. This tool can help you find YOUR personal risk number to have a peaceful investment journey ➡ https://bit.ly/3KJmpwv 2. Read the Financial Freedom Blueprint: 7 Steps to Accelerate Your Path to Prosperity If you're ready to accelerate your path to prosperity, Financial Freedom Blueprint lays out a proven system for planning and investing to secure your financial independence. ➡https://www.pathtorealwealth.com/ You can also get a personalize signed hard cover copy ➡ https://www.pathtorealwealth.com/the-book/p/financial-freedom-blueprint 3. Work with me one-on-one If you would like to talk about planning and investing for your future. ➡https://calendly.com/wealthnet-make-an-appointment/introzoom
Millennial Money has helped millions of listeners pay off well over $2,000,000 in student loan and credit card debt, launch businesses, build emergency funds, save hundreds of thousands of dollars, build stronger relationships around money, and finally master one of the most feared words in the English language– learning how to budget successfully and so much more.Shannah Compton Game is a money wellness expert, CERTIFIED FINANCIAL PLANNER™ professional with an MBA, and on a mission to revolutionize how you think, act, and feel about your money. She is host to the highly ranked iTunes podcast which is featured as one of the Top 5 Money Podcasts by NY TIMES, “Millennial Money” and has listeners in 164 countries and over 17 million downloads. Shannah is also a sought-after financial writer and speaker and her financial expertise has been highlighted in articles for Women's Health, MSN Money, Reuters, Bankrate.com, Refinery 29, Yahoo! Finance, Apartment Therapy, and Real Simple to name a few. Shannah is also a Lecturer in Finance at California State University Northridge where she created her own signature financial literacy curriculum.
I could fangirl all day long about Shannah Compton Game, a money wellness expert, CFP® professional with an MBA, and host of Millennial Money, which the New York Times ranked in the Top 5 Money Podcasts (wow!). She is also the CEO of Hello, It's Me and creator of the Money Mindset Journal — which inspired our conversation in this episode. Her advice can help both you and your clients build healthier relationships with money and perfect your daily routine. Shannah even helped me decipher my money mindset, and it was so helpful. We also talked about: How you think, act, and feel about money Healthy mindset habits to add to your routine Creating your money manifesto Being conscious of your money habits I'm a huge fan of Shannah, and if you are a fan of either of us, you can find us on your favorite socials! Connect with Shannah Compton Game Website: https://sayhelloitsme.com/ Podcast: https://podcasts.apple.com/us/podcast/millennial-money/id957163760 Twitter: https://twitter.com/shannahgame Instagram: https://www.instagram.com/shannahgame/?hl=en Connect with Robyn Crane Website: https://robyncrane.com/ Facebook: https://www.facebook.com/bizgrowth4women/ LinkedIn: https://www.linkedin.com/company/robyn-crane-inc./ YouTube: https://www.youtube.com/c/RobynCrane Instagram: https://www.instagram.com/robyncrane/?hl=en Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode is another one about the Money category! I interview Shannah Compton Game and we talk about her journey as a Certified Financial Planner (CFP), entrepreneur, and now podcast host for the past 6 years! She has definitely seen a lot of different cases in her time coaching beginners and uber-wealthy (100mil+) in her days as a CFP, and her conversations with the 700+ guests on her podcast has definitely given her a unique perspective on money and it's importance.We talk about the mindset of money and even how daily gratitude can help increase your financial status. Please listen in and give me some feedback if you're enjoying these interview type episodes!Please leave a like and subscribe and continue to comment your thoughts. Also feel free to reach out on Instagram @financezilla or email me at financezilla@gmail.com. Book your FREE consultation of budgeting and making your first step towards financial independence!Also, shoutout to my partner The Coldest Water! If you haven't gotten a bottle yet, you need to! Get 10% off your online purchase by using code FINANCEZILLA to stay hydrated with their 5 star technology that keeps your water cold for up to 36+ hours. Keep your Physical Health category up by keeping hydrated, especially in the summer months and grab your Coldest Water bottle today!Follow Shannah and listen more to her podcast here!Spotify link (but she's on all platforms, just look for Millennial Money)Get your Money Mindset Journal here!Shannah's recommendations:Plant Your Money Tree by Michele SchneiderWealthy Gardener by John SoforicHappy Money by Ken HondaInvested by Danielle TownI want to take this time to shoutout my partner The Coldest Water! Coldest Water keeps you hydrated with their 5 star technology that keeps your water cold for up to 36+ hours. Keep your Physical Health category up by keeping hydrated, especially in the heat of these summer months and grab your Coldest Water bottle today using the code FINANCEZILLA to get 10% off online purchases!
Lauren talks to Shannah Compton Game, the host of the Millennial Money Podcast that has over 15 million downloads and the founder of Hello It's Me. Shannah recently launched her first product, the Money Mindset Journal that helps you shift how you think, act, and feel about your money and get your money sh*t together. In this episode they discuss: How to spend your money in the direction that supports the life you want to live How to think about and save for your “life fund” How to avoid common mistakes people in their 20s make with their money Her “1,2,3 Money System” The emotional connection and beliefs we have around money by age 7 How to use your credit cards - the right way! The best travel credit cards How to let your interests guide your future path The Money Mindset Journal How to best utilize matching dollars if your company offers them - this is free money!! Advice for the types of companies to invest in Buy your ticket for Life Snacks Live Event HERE. Keep up with the Life Snacks Podcast HERE. Connect with Shannah on Instagram HERE Buy the Money Mindset Journal HERE Listen to the Millennial Money Podcast HERE Referenced in this episode: Teri Ijemoa Investment Course Ellevest
Experiencing Financial Contentment with Dominique Henderson, CFP® | Get Better Results in Your Life
Welcome to another episode of the Conversations for Financial Professionals podcast where we are shaping the next generation of financial advice. Today we have Shannah Compton Game. ("shaw'-nuh") Shannah you are a money wellness expert, CERTIFIED FINANCIAL PLANNER™ professional with an MBA, and on a mission to revolutionize how people think, act, and feel about their money. You're the host of “Millennial Money” which has listeners in 164 countries and over 15 million downloads. Aside from the podcast, you are Chief Everything Officer of Hello, It's Me, creator of the Money Mindset Journal, and also at California State University Northridge. Welcome to the podcast! Show Highlights: 0:00 Meet Shannah Compton Game 2:08 How are things since the pandemic? 5:12 Millennials and Money 8:01 Millennials and Financial Literacy 13:01 How CFPs Can Serve Millennials 20:49 How Important is Transparency 23:33 Serving as a CFP Today 26:05 Behavioral Finance 30:40 Dialing for AUM 33:14 Financial Professionals Having Their Own Coaches 37:19 Words of Wisdom Resources: Are you a current or aspiring financial professional? Click here to receive my 10 Tips for jumpstarting your career. Listen to previous podcast episodes, clicking here. To receive a newsletter digest of Jumpstart community happenings, click here. Subscribe to the podcast by clicking here. Want to connect with me? Join my exclusive “tribe” by clicking here. Want to collaborate? Click here. Thanks again for listening, reading, and watching!
We talk to the host of the Millenial Money podcast, certified financial planner Shannah Compton Game, about the hard money topics that are a part of the podcast and what listeners can expect. Find out more about the podcast at mmoneypodcast.com and connect on Instagram and Twitter.
Teaching kids about money with bunnies. Cinders McLeod is here to tell us about her picture books for children called Moneybunnies. And, filing your taxes online? There are many software programs out there to help you. One of them is Wealthsimple Tax. Peter La is here to tell us how it works. Then, breaking down some taboo money topics. Shannah Compton Game tells us about her podcast, Millennial Money. Plus, a revised version of Kelley Keehn’s book Talk Money to Me: How to save, spend and feel good about your money during COVID and other times of financial distress. And, Adriana Molina tells us Credit Canada’s debt calculator. To find out more about the guests check out: Moneybunnies: com | Instagram | Twitter | Facebook Wealthsimple: com |Twitter | Facebook Credit Canada: com | Twitter | Facebook | Instagram | Youtube | LinkedIn Kelley Keehn: com | Twitter | Instagram | Facebook Millennial Money Podcast: com | Instagram | Twitter Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | Linkedin
In this episode Shannah Game, a money wellness expert shares with us how we can uncover our money story and begin to truly build a meaningful relationship with our money which ultimately impacts how successful we have in life. Ready to jumpstart into a new Money Mindset, take this Free 7-day challenge.
Janae and Theo sit down with Shannan Compton Game of Millennial Money podcast to discuss how exactly does one budget when married? Shannah discusses money mindsets, the importance of a budget, being a team player in your marriage and how you can find money you probably didn't know was already in your bank account!Simple put, there is no spend or save, there is only budgeting.A note listeners: we have a few minor audio flubs when our internet lagged... please give grace. We are in the age of internet interviews and some things just aren't in our control. Shannah can be found on the mic with her amazing podcast, Millennial Money, her Instagram here and here and Twitter. You can sign up to receive her money journal when it's ready for it's world debut at Hello, It's Me.
About Shannah Game Shannah Compton Game is an award-winning Certified Financial Planner with an MBA, a leading Millennial Money Expert, creator of the top-rated Millennial Money Podcast with over 12 million downloads, CEO of Hello, It’s Me and the creator... READ MORE The post Uplevel your life with better financial goals | Shannah Compton Game, Millennial Money Podcast Host appeared first on .
How to manage your money as an entrepreneur is one of the most common questions I get. As a business owner, your money management will make or break your business. That's why it's shocking to see how most people bury their heads in the sand and ignore the details of their money, willy nilly making decisions without a plan. That is a highly stressful way to live and work. You can't make any good or clear decisions when you're anxious, fearful, and scattered. If this sounds like you, don't worry--there's no shame here, and we're sharing with you our top tips on how to manage your money in both your business and your life. You need to BOTH know your numbers and shift your mindset. If you spend time with your money every day for just a few minutes, your entire relationship to money will change. When you transition from impulsive and stressful spending into feeling more at peace and secure with your financial picture--that is gold! The goal is to put you in the driver's seat so you can feel empowered. You CAN do this! You need to believe that you ARE worthy of money, of success, of prosperity, and that you have the skills, the story, and the expertise you need to create wealth. When you couple your money mindset with learning money skills, you will be unstoppable! Our money expert today is Shannah Compton Game, CFP®, MBA, the leading expert for millennials on money. She is the host of the popular iTunes podcast, Millennial Money, where over 500,000 listeners from around the world join her twice a week to tackle their finances. Shannah is passionate about millennials and loves producing original content for this underserved segment. Aside from her podcast, Shannah is an accomplished financial writer, with weekly contributions featured in the Huffington Post, Wise Bread, PolicyGenius and Haven Life. Shannah’s financial expertise has been highlighted in articles for Women’s Health, MSN Money, Reuters, Bankrate.com, Refinery 29, Yahoo! Finance, and Co-Op Credit Union to name a few. In her free time, Shannah is the Principal at Shannah L. Compton, CFP(r), MBA, a California Registered Investment Advisory firm, where she consults with entrepreneurs, millennials, and couples. What you’ll learn in this episode: Do you need to spend money to make money? How to know when it's time to hire help How to budget for business expenses and create a mindful money plan for both your business AND your life When and how much to pay yourself The most common limiting beliefs we have as doers, dreamers, and creatives and show to shift them Subscribe and Review Thanks so much for joining me this week. If you liked what you heard, please leave an honest review for The Success with Soul Podcast on Apple Podcasts so we can improve and better serve you in the future. Plus, you could be featured on a future episode during our listener spotlights. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on Apple Podcasts to get automatic updates. My goal for this podcast is to inspire those who seek flexibility and freedom in their lives by making something happen with holistic, soulful, step-by-step strategies from me and other experts. Links + Resources Mentioned in this Episode: Listen to Shannah's podcast, Millenial Money Frustrated by your lack of progress with your blog, despite working tirelessly on it? If you’re ready to unleash your inner entrepreneur badass who already knows she’s worthy and successful and can do anything she puts her mind to (even if your inner critic is currently calling the shots!) then I’ve got you covered. Sign-up for my FREE blogging masterclass called 3 Behind-the-Scenes Secrets to Profitable Blogging in 2020 and Beyond here! Calm meditation app Get my 2-hour "How to Start Your Blog" Workshop here where I show you step-by-step how to start your blog from scratch! Check out Shannah's new company, Hello It's Me Get Shannah's Money Mindset Journal Happy Money by Ken Honda Follow Shannah on Instagram @shannahgame and @helloitsmeco Follow me on Instagram @katekordsmeier and @rootandrevel More Ways to Enjoy Success with Soul Download a transcript of this episode Download on Apple Podcasts Email me new episodes Don’t forget to join our free Success With Soul Facebook community for follow-up conversations about the podcast episodes and where I also often go live to answer your burning questions. Hangout with like-minded bloggers and heart-centered online business owners exchanging priceless feedback, encouragement, and other golden insights from the trenches. EPISODE CREDITS: Produced by Danny Ozment at https://emeraldcitypro.com
The world is on fire. I am launching this new podcast during the COVID-19 pandemic. While I had not planned on doing an episode about what we are all facing or going through right now, I would be remiss to ignore the topic. Joining me to offer guidance and support on managing your finances and money mindset during the COVID-19 pandemic is my long-time friend, Shannah Compton Game, CFP®, MBA. Shannah is the leading expert for millennials on money. She is the host of the popular podcast, "Millennial Money," where over 500,000 listeners from around the world join her twice a week to tackle their finances. She has served as my financial planner and advisor over the years, and she's a brilliant writer too. It's a tough time out there. I hope that this episode will bring you some comfort, peace, and solutions. What you’ll learn in this episode: How COVID-19 might be affecting your business and finances How to maintain a healthy money mindset during a crisis How to prepare for an emergency and what you can do differently in the future Shannah breaks down the SBA loans and relief options available to entrepreneurs. Subscribe and Review Thanks so much for joining me this week. Please leave an honest review for The Success with Soul Podcast on Apple Podcasts so we can improve and better serve you in the future. Plus, you could be featured on a future episode during our listener spotlights. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on Apple Podcasts to get automatic updates. My goal for this podcast is to inspire those who seek flexibility and freedom in their lives by making something happen with holistic, soulful, step-by-step strategies from me and other experts. Links + Resources Mentioned in this Episode: Shannah’s website: YourMillennialMoney.com Shannah’s podcast: Millennial Money Podcast Follow Shannah on Instagram @shannahgame Follow me on Instagram @katekordsmeier and @rootandrevel Kate's Recommended CPA: Steadfast Bookkeeping Kate's Recommended Payroll Service: Gusto (save $100 off when you use our link) Learn more about SBA Loans + Relief here More Ways to Enjoy Success with Soul Download a transcript of this episode Download on Apple Podcasts Email me new episodes Don’t forget to join our free Success With Soul Facebook community for follow-up conversations about the podcast episodes and where I also often go live to answer your burning questions. Hangout with like-minded bloggers and heart-centered online business owners exchanging priceless feedback, encouragement, and other golden insights from the trenches. *** Episode Credits Produced by Danny Ozment of https://emeraldcitypro.com
Besides your health during this unprecedented time in history (and yes, I mean the coronavirus), money is probably another big concern in your life right now. Many of us are wondering: How should I be managing my money during this crisis? What should I do with my stimulus check? Should I still keep my investments? Should we still “buy low, sell high”? How do I manage my money if I lose my job? How do I stay positive in a world where everything seems so negative? That’s why we talk with Shannah Compton Game, host of the Millennial Money Podcast and certified financial planner, to talk with us about what we can do to survive through this current crisis...and how to financially thrive after the crisis is over. Shannah covers what you need to know about managing your bills, your money goals, your stimulus check, your investments, and your mindset through this trying time. Important Money Quotes to Remember “Get super focused on that one thing that you need today and just let that [guide] your action list for today.” “Using that money to push you forward is a good thing.” “I want to give everyone a permission slip to not feel like a failure.” “I believe mindset is the #1 missing piece to money success.” “Don’t stop setting money goals right now.” Important Links Millennial Money Podcast Market Gauge Ellevest Millennial Money Podcast episode with Michelle Schneider (“Investing Trends to Follow in 2020”) Create Your Money Game Plan” Live Masterclass Happy Money: The Japanese Art of Making Peace with Your Money Plant Your Money Tree: A Guide to Growing Your Wealth. Enroll in Shannah’s masterclass at bit.ly/mgpclass and use code coronavirus for $30 off --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/powerbanking/message Support this podcast: https://anchor.fm/powerbanking/support
Shannah Compton Game of The “Millennial Money” podcast joins the P&B family today. Shannah is a Certified Financial Planner with an MBA. She’s also an entrepreneur, podcaster, writer and teacher. On her show “Millennial Money”, Shannah takes a deep dive into the money problems that plague Americans, with a focus on Millennials. Her goal is to help you get more in tune with your money and to know your money, so that you can begin to cut down on debt and build a budget that works for your lifestyle. Her passion for helping people untangle the mess of their day-to-day money problems is rooted in the fact that in the past, Shannah had money struggles just like you. Debt, student loans, a mortgage, all things that she at one time felt in over her head with. She’s creating a movement where talking about money isn’t a taboo, instead it’s a part of regular conversation with your family, friends and spouse. In today’s episode you’ll hear about Shannah’s upbringing and her first memories of money, working with her dad. You’ll also learn about how starting a film festival in college taught Shannah valuable marketing and budget lessons. Shannah tells the listeners about her philosophy on going back to school to get an MBA, the power of starting a podcast, and how she credits all of her success in business to being scrappy and making things happen, without a huge network. Highlights: Starting a film festival and running its marketing and finances Weighing the costs of getting your Masters Degree The lack of a network that some graduate schools promise Teaching personal finance at Cal State Northridge “Cash is still king” The importance of building a financial foundation Why you need to be earning more than 2% on your money Knowing what your spending your money on – In order to fix things you need a benchmark of data to understand Negotiating a better student loan interest rate Tackling different facets of paying off debt, while still saving some of your money Key Takeaway: Regardless of income or age, we all face similar money struggles. The numbers may look different but the problems are the same. In order to build a life you need a basic financial education and foundation to build off of. Paychecks & Balances Website: https://paychecksandbalances.com/ Patreon: https://www.patreon.com/paybalances Instagram: https://www.instagram.com/paybalances/ Facebook: https://www.facebook.com/paychecksandbalances Twitter: https://twitter.com/paybalances?lang=en Shannah Compton Game Website: https://www.mmoneypodcast.com/ Instagram: https://www.instagram.com/shannahgame/?hl=en Podcast: https://podcasts.apple.com/us/podcast/millennial-money/id957163760
I spoke with Shannah Compton Game all about MONEY. She’s the creator and host of the Millennial Money podcast and her goal is to help you talk about and deal with money because everything in life revolves around money. It’s too true! Whether it be your career, relationship or future goals you have for your life -- money is often at the center whether or not we talk about it. Today we’re talking about it. We talk about how to know your numbers, how to give every dollar a roadmap and purpose, how to invest or save when you’re still in debt, and how to change your money mindset for maximum earning potential and financial freedom. KICK ASS IN LIFE FB: https://www.facebook.com/kickassinyourlife KICK ASS IN LIFE INSTAGRAM: https://www.instagram.com/kickassin.life SHOW NOTES: http://kickassin.life/show-notes/shannahgame/ NEW EBOOK KICK ASS WITH YOUR MONEY: https://amzn.to/2pcoBYJ Send me a voice message: https://anchor.fm/kick-ass-in-life/message Email me: kickassinyourlife@gmail.com --- Support this podcast: https://anchor.fm/kick-ass-in-life/support
Shannah Compton Game, CFP®, MBA is the leading expert for millennials on money. She is host of the popular podcast, Millennial Money, where over 500,000 listeners a month from around the world join her to tackle their finances. Shannah combines her love of finance with her creative talents to produce original content for millennials. What You Will Learn on This Episode: Common financial mistakes How to save for retirement as an entrepreneur Tips to save more money Financial mistakes to avoid when beginning your business or career Enjoying the podcast? Don't forget to subscribe to and review Mistakes Make Magic.
Shannah Compton Game, CFP®, MBA is the leading expert for millennials on money. She is host of the popular podcast, Millennial Money, where over 500,000 listeners a month from around the world join her to tackle their finances. Shannah combines her love of finance with her creative talents to produce original content for millennials. What You Will Learn on This Episode: Common financial mistakes How to save for retirement as an entrepreneur Tips to save more money Financial mistakes to avoid when beginning your business or career Enjoying the podcast? Don't forget to subscribe to and review Mistakes Make Magic.
Returning guest Shannah Compton Game, CFP®, MBA and host of Your Millennial Money Podcast returns to answer some challenging questions about money and relationships from the Bridechilla listeners. Prenups, paying off student loans vs paying for a wedding and what to do when one bridesmaid earns a lot more money than the rest of the bridal party and is unintentionally making everyone else feel bad about it. All that and more on Bridechilla. Be on your way to wedding Planning Zen with the Bridechilla Guides! Visit the Bridechilla Store and use the Codeword LISTEN for 10% off your order! Join the Bridechilla Community on Facebook. The best Wedding Planning community around. It's bullshit-free, jerk-free and a nice place to be! Keep up to date with the Bridechilla Blog, read podcast show notes and be inspired by real Bridechilla Weddings Join Bridechilla founder, Aleisha on Instagram, for wedding inspiration and more!
Shannah Compton Game is a Certified Financial Planner who is on a mission to change how we all think, act, and feel about money with her podcast, Millennial Money. On Millenial Money, Shannah creates a space where money isn’t a taboo topic - she shares ways to reduce financial stress, create financial independence, and be empowered with solid financial literacy to achieve any goal.I really enjoyed my conversation with Shannah! She offers a down-to-earth and empowering approach to money that is both supportive and actionable. Make sure your tune into her podcast if you enjoy this episode!Episode Highlights:-The skills Shannah learned when she created her first business at 19-How Shannah’s early experience of divorce pushed her to hone her financial literacy-Why we could be talking about money with our friends-How our upbringing and past impacts how we relate to money-Getting clarity on where we spend our money to make meaningful shifts-Ongoing awareness of our money rather than quick tips to “save more” or “spend less”-Money dynamics that are unique to women-Money and the millennial generation-Shannah’s mission to heal herself in 2019More from Shannah:https://www.mmoneypodcast.com/Listen to the Millennial Money Podcast@shannahgame on InstagramConnect with Lauryn:@laurynmiranda on Instagramwww.laurynmiranda.comhello@laurynmiranda.comAre you receiving nourishment from the Today I Am Podcast?Please honor all of the energy and resources I pour into this show by offering a loving exchange in one of the following ways:-Subscribe, rate, and review in iTunes/Apple Podcasts-Send me a message on Instagram or at hello@laurynmiranda.com sharing how an episode has touched you.-Take a screenshot of a favorite episode and tag me when you share on social media!
Shannan Compton Game, the host of the Millennial Money podcast, guests hosts for Jefferson Graham with an episode about great apps for travel.
Today we're talking about monneyyyyyy with Certified Financial Planner and host of the Millennial Money Podcast, Shannah Compton Game. We talk: your money mindset, setting yourself up for the future, entrepreneurship, what makes us women financially unique and more. Plus, come with me on my solo trip? On next week's show Ulla Suokko is here. Check out her Ted Talk here. @mindfulmostly
Shannon Compton Game went through a divorce. Today she shares things she learned that helped get through the process of separating finances in a way that doesn't drain the bank. For more information, visit the show notes at http://moneytreepodcast.com/223
On this episode we hear from Shannah Compton Game a Chief Money Strategist and host of the Millennial Money podcast. She started her career in the financial space working with clients that had 100 million dollars in assets. We dig into how to identify your money patterns, apps that are great for financial planning and why Shannah does not use the word budget with her personal finances. Website Link - http://www.yourmillennialmoney.com
Learn advice for women (or men) getting divorced or contemplating divorce, with Shannah Compton Game. Divorce can be stressful. Learn what to do first, how to find a lawyer, how to negotiate, and if pre-nuptual agreements are a good idea according to an expert on divorce. Women often want to keep the family home. Is that always the right move? Should you try to negotiate your divorce terms or leave everything up to the lawyers? How can you minimize legal fees? You might be surprised by the answers. Shannah Compton Game is the host of the Millennial Money podcast, a CFP®, and shares her personal experience with her divorce and other women divorcing. This is good information everyone should be aware of. New! Wealth Heiress TV (for men too!) This is the first time I'm sharing content from my new Wealth Heiress TV channel on YouTube. Watch and subscribe here: http://lindapjones.com/WealthHeiressTV The Holiday Sizzle Contest is starting! A podcast review = your name entered in the drawing 2 times A book review on Amazon = your name entered 3 times or if a verified purchase review, then 5 times. A podcast + book review (either verified purchase or not) = your name entered in the drawing 10 times. Prizes are: 11 Wealthy Mindset Blueprint audios (value $197 ea.) 11 Wealth Heiress books, with it personalized by moi. 3 winners will have a 1/2 hour wealth mentoring session with me (value $500). Drawing will occur January 1, 2019 and will be announced on the podcast. Financial freedom requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Available on Amazon: http://amzn.to/2Hy9qk4 International buyers (if you live outside of the US) can now get my book at http://amazon.co.uk Leave a book review on Amazon here: https://amzn.to/2D4uBZ5 Join me on Instagram at http://Instagram.com/lindapjones The full library of my podcasts from he beginning are available at https://www.lindapjones.com/podcasts/ Please subscribe, rate and review the show. I really appreciate it! Today's sponsor is Audible. It's how I "read" more books. Get your first audiobook for FREE today (I recommend Think & Grow Rich), here: https://www.audibletrial.com/bewealthyandsmart
The Business Builders Show with Marty Wolff and our guest host J Kelly Hoey, are proud to present Shannah Compton Game on www.c-suiteradio.comShannah Compton Game is a Certified Financial Planer™ on a mission to revolutionize how millennials think, act, and feel about their finances. Shannah knows a lot about saving money and a heck of a lot about marketing what she knows. She is a sought out expert in the media. Her financial expertise has been highlighted in articles for Women's Health, MSN Money, Reuters, Refinery 29, CNBC, GOBankingRates.com and Yahoo! Finance. Shannah's podcast “Millennial Money” has listeners in 164 countries and over 500K downloads a month. Shannah has always been an entrepreneur at heart! She started her first business, Hometown Cinema, Inc., at 19 while in college at Indiana University. That business helped over 130 students get jobs and internships in the entertainment industry. Find the Millennial Monday podcast here: http://www.yourmillennialmoney.com/millennial-money-podcast/ Shannah's website: http://www.yourmillennialmoney.com/ Twitter: https://twitter.com/@ShannahGameHow does her podcast get 500Kdownloads a month? Simple - she is REALLY GOOD!Learn more about Marty Wolff at www.martywolffbusinesssolutions.com and www.contractorsuccession.com. Learn more about guest host J Kelly Hoey at www.jkellyhoey.com. Get all our Business Builders Shows and many other fine shows at www.c-suiteradio.com and www.c-suitetv.comCall or text me with your comments or questions at 570 815 1626. See acast.com/privacy for privacy and opt-out information.
#119: My guest in this episode of Diferente is Shannah Compton Game. She’s a Certified Financial Planner living in California, who has her own story of financial struggle, growth, and freedom. She hosts the popular podcast, Millennial Money, where she believes that with a few tools, some real-life education, and a little kick in the butt, you can truly master your MONEY and live the life the life you want. We discuss the things that help us access financial freedom by making the right decisions for our lifestyle, so we can grow our wealth and lower our debt, while also finding new sources of income… hello, side hustles and entrepreneurship! Shannah shared fantastic money tips and upcoming trends that we could all benefit from. You can find excellent money tips on Shanna’s website or check out her Millennial Money podcast! Connect with us @Diferente_Podcast on Instagram and @AdiferenteLife on Facebook. Or online at diferentepodcast.com EPISODE CREDITS: Created and Produced by Maribel Quezada Smith. Editor, Mauricio Mozo. Original Music by, Keagan Stromberg. Production Assistant, Emilia Ruiloba.
#119: My guest in this episode of Diferente is Shannah Compton Game. She’s a Certified Financial Planner living in California, who has her own story of financial struggle, growth, and freedom. She hosts the popular podcast, Millennial Money, where she believes that with a few tools, some real-life education, and a little kick in the butt, you can truly master your MONEY and live the life the life you want. We discuss the things that help us access financial freedom by making the right decisions for our lifestyle, so we can grow our wealth and lower our debt, while also finding new sources of income… hello, side hustles and entrepreneurship! Shannah shared fantastic money tips and upcoming trends that we could all benefit from. You can find excellent money tips on Shanna’s website or check out her Millennial Money podcast! Connect with us @Diferente_Podcast on Instagram and @AdiferenteLife on Facebook. Or online at diferentepodcast.com EPISODE CREDITS: Created and Produced by Maribel Quezada Smith. Editor, Mauricio Mozo. Original Music by, Keagan Stromberg. Production Assistant, Emilia Ruiloba.
Music Studio Startup: Helping music teachers thrive as entrepreneurs
Managing money can be a complicated topic for self-employed music teachers. Shannah Compton Game, a certified financial planner, shares her tips to help self-employed musicians make smart money moves. https://www.musicstudiostartup.com/episode004
It was such a pleasure to be able to sit down and discuss financial planning with my new money friend, Shannah Compton Game. Shannah is a CERTIFIED FINANCIAL PLANNER™ professional with an MBA and an award-winning financial strategist on a mission to revolutionize how millennials think, act, and feel about their finances. Her interest in business and budgeting sparked when she started her first business in college, a national student film festival, at only 19. After selling her business 5 years later, Shannah became a CFP and worked at her father’s firm where she learned everything that she needed to know to open her own firm. Today, Shannah is the host of the very popular personal finance podcast, Your Millennial Money, where she tackles all your burning money questions, with topics like Managing Money as a Couple, Mastering Your Budget, How to Ignite Your Savings, Dealing with Student Loans, Building Your Career, Investing, Entrepreneur Stories, Millennial Travel Spots, Music and more In this episode we discuss: How Shannah became a Certified Financial Planner The one big money mistake that most people make Why we should start talking about money more How to start a financial plan and what factors to consider Mistakes to avoid when developing a financial plan Managing financial mishaps and insecurities that stem from your money story Shannah’s financial mistakes and lessons learned Other related blog posts/links mentioned in this episode: Your Millenial Money Podcast My interview with our mutual Money Friend, Bobbi Rebell Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12 Watch my latest segments on News12 My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link. Connect with Shannah: YourMillenialMoney.com Instagram Twitter Facebook Connect with me: Journey To Launch Instagram Journey To Launch Twitter Journey To Launch Facebook Page Join the private Facebook Group
Savings, budgets, retirement. Oh my. No matter how on top of our lives we feel, talking about money still makes us squirm. And…well, we’re tired of it. Today on NYG, we talk about where those financial fears come from—and what we’re doing to get over them. To help us out, we chat with Shannah Compton Game, a Certified Financial Planner and the host of the Millennial Money podcast. Shannah’s all about helping people like us get more comfortable thinking and talking about money, and she’s quickly become one of our fave resources for financial info. > When you don’t talk about something, you feel really isolated, and you feel like you are alone. Like nobody could possibly have the same money issues you have. But the reality that I try to tell everybody is: you’re so wrong! We are all so much alike when it comes to money, especially the things that we’ve not done so well. > —Shannah Compton Game, host, Millennial Money Shannah tells us all about: Why money is such a taboo topic (but shouldn’t be) Which financial advice to take, and which to ignore Why we all hate the B word (budget, ugh) Why it’s totally not too late to get your finances in better shape Also in this episode: Sara celebrates her presidential birthday Katel survives on pizza by the slice Jenn gets deep into the meal prep lifestyle Sponsors This episode of NYG is brought to you by: Shopify, a leading global commerce platform that’s building a world-class team to define the future of entrepreneurship. Visit shopify.com/careers to see what they’re talking about. WordPress—the place to build your personal blog, business site, or anything else you want on the web. WordPress helps others find you, remember you, and connect with you. Harvest, makers of awesome software to help you track your time, manage your projects, and get paid. Try it free, then use code NOYOUGO to get 50% off your first paid month. Transcript Jenn Lukas [Ad spot] This episode of No, You Go is made possible with help from our friends at Shopify. Their mission is to make commerce better for everyone—and they’re growing their world class team to make that happen. And you know what? They’ve read plenty of cover letters over the years. So this time they want you to read theirs. Because they don’t just want you to apply to them, they want to apply to you. Visit shopify.com/careers to see what they’re all about [music fades in, plays alone for 12 seconds, fades out]. Welcome to No, You Go, the show about ambitious—and sticking together. I’m Jenn Lukas. Katel LeDû I’m Katel LeDû. Sara Wachter-Boettcher And I’m Sara Wachter-Boettcher, and this episode is going to come out the day after my birthday [someone says, “woo hoo!]”. Mm hmm. And it’s a very special birthday. I will be turning [clears throat] 35. KL Woo! SWB Which means I could be president. KL Yes! JL Nice! SWB Definitely can’t be president. KL No, you definitely should be [chuckles]. SWB Oof. I don’t know. Looks like a terrible job [laughter]. I’m not real pleased about how it’s going right now, and probably I’ve got too many skeletons in the closet [laughter]. However, the other thing they always say when you turn 35 is that, according to the financial quote/unquote “rules,” I am supposed to have two times my annual salary saved right now… Two times! My annual salary. Yeah. So I—I don’t have that. And I will say, like, I’m—I’m pretty organized. I’ve saved a lot for retirement, particularly starting when I was about 29, but I haven’t caught up to that mark yet, and I get a little stressed out whenever I think about it. So to help us with some of that stress, we are talking today with somebody who knows a lot about money: how to save it, how to budget, and how to even think about maybe retiring someday. That would be Shannah Compton Game. She is a Certified Financial Planner and the host of the Millennial Money podcast. Don’t worry, it’s not just for millennials. JL I’ve been listening to her podcast over the last few weeks and it’s been really awesome because actually about over the last month, month and a half, I gotta tell you: I’ve been taking a—a journey into money. SWB Uhhhh what kinda journey? [2:24] JL Well, every year around tax time, I get really anxious and I start going, “Hmm. Oh no I should’ve sent all this to my CPA awhile ago,” and then I look at the list of things I have and I go, “I was supposed to do this thing last year. Oh! I was supposed to do this thing the year before.” And I have this really organized list in Wunderlist about all the uh—it’s called my Adult List and [chuckles] it’s got all the things I’m supposed to do like [inhales deeply] allocating and diversifying my assets, giving things to Cooper’s future college fund, I’ve got this whole list of things I’m supposed to do and have I done them?… [Sucks teeth] No. Do I look at that list?… No [laughs]. KL And then you realize a year has passed. JL Yes! SWB And then like three years has passed. KL Yeah. JL Mm hmm! Where does that go? And then, you know, like other people, I start to think about it and again the anxiety starts to build up and I’m like, “No, thanks.” But then I started thinking like, “Ugh! I really—I just like really—I have to start learning about money.” Like, I have to. I can’t keep pushing this off. And, you know, it’s a mix of like looking at the taxes, thinking about my son, and just being like, “What am I doing?” And so my CPA had recommended the book Get a Financial Life and I found it on Audible [chuckles] because that’s my jam now. And I was like, “You know what? Maybe I’ll try giving this a shot because I can’t—” I’ve tried reading through other money—finance books before and though I can like really get down with like other books, the finance books just like I start glossing over, and I was like, “But maybe if I listen on Audible, I’ll like get into it.” So I did! And it’s abridged so it was only like two hours, which again was perfect because it was so short and listening to it at like 2X speed means it’s like over in an hour [laughter] and it’s like really basic but like just gave a lot of good overviews, and then I was like, “What other Audible books are out there?” And then I started getting a little wild. So I’ve been like reading slash listening to all these books, and reading these magazines, reading these blogs, listening to these podcasts, and I know so much more than I knew six weeks ago. SWB Do you feel more confident with what you should be doing now? JL I do! It’s awesome. So I’m now actually in the search for a financial planner. And that’s the other thing like I—I wanted to get some time with a financial planner but I didn’t wanna use my time at someone’s hourly rate to be explaining to me like what the difference between stocks and bonds are. You know like because that felt like a waste of money of something I could learn myself. So I felt like I should take some time, learn about real basic stuff, and then pay a professional to help me with like the real specifics to me, and not just like, “Here’s things about money.” [4:56] KL Yeah I like that and that sounds so… practical. And I think like something that we all really liked hearing from Shannah is that you kind of don’t [sighs] sometimes the first thing you think about isn’t the fact that you have to take into account your own personal goals and sort of like how your life is shaking out, and like whether you’re having kids or not, or like if you have a partner, or your business, or like all these variables that are… like you’re not like every other textbook case of, you know, what you should do with your money. So, I don’t know, it’s just I—I think that was like so important for—for me to hear, especially, just cuz it’s like you don’t know. If I wanna retire when I’m 60, that’s totally different than if you’re like, “Ok, I actually might work a lot longer than that.” And we’re all living a lot longer. So I think, I don’t know, just like taking into account all those things and realizing that there is a lot of research you can do on your own before you start talking to a professional. JL Right. Yeah and there’s so many—I mean that’s the thing like it—you can gather all these opinions and then you just have to factor them for you and what you wanna do. I mean there’s people now that are trying to retire at 25, and then there’s people that wanna work, you know, until the day they die. And I—or and obviously everything in between. So, I think it’s so important to like really think about what you wanna do and then start setting those goals for you. And there’s so many resources out there now. That’s the thing and it’s really intimidating to get started but I think like you just have to do it, and we’ve heard this before, right? Just like with starting businesses and starting projects, it’s one step at a time. You know? So if it’s even just like, “I’m gonna look up one term today.” Or, you know, “I’m gonna read one article or listen to one podcast.” Then like you’ve done more and learned more than you knew yesterday. SWB And for me it’s also been like I mean I need to do some things, right? So… it’s like ok I need to check some stuff off the list. So actually I go to the same accountant as Jenn and… he has also given me certain recommendations, right? So thinks like, “You and your husband should have wills at some point.” And things like that. And we’ve done some of them and some of them I haven’t gotten around to yet. But on my list for this year—and this is like the kind of thing that goes on like a year to-do list, because it’s such a pain in the ass—is like, I need to move some accounts to consolidate at a financial institution where I can manage them more effectively, and deal with some of my long-term like retirement planning. And just I know that the process of moving those accounts is going to be a bit painful and so I’m kind of setting myself, I’m saying like, that is a task I need to set aside some time for. You know there will be like paper forms, somebody might make me fax something. God knows that’s gonna take me a week [Katel laughs]. I know you can fax online. It will still take me a week. But, you know, this is achievable, but it doesn’t feel achievable sometimes in the moment, and I try to remind myself that like, look, it is very normal to feel this way. I happen to be in a lucky position where I like—I have money I can theoretically be saving. I know that not everybody does. Like, I’m doing fine. Give myself some, you know, break the tasks down. Just like anything that’s big. Break it down a little bit. And set some time frames that are realistic and allow myself to feel good about getting some of the things done and not so upset about the things I didn’t get to. [8:18] JL Yeah. I mean you know when you get that like new IKEA cabinet and it comes with like 20,000 pieces and you just look at it and you’re like, “Fuck my life.” [Katel laughs and says, “Yeah”] That’s like sort of looking at like your money to-do list and you’re like, “Oh my god I have to roll over a 401K. Ughhhhhh!” I mean how many of us have 401Ks that are like sitting somewhere and you’re like, “I don’t know what it’s doing?” From like a previous job. KL Yeah. You’re like, “It’s there. I think.” SWB I told you I started saving for retirement when I was 29. Do you know what I did when I was 29? That’s when I started working for myself. I literally never took advantage of an employer 401K while I had a traditional job. KL Yeah! SWB Whoops! KL But it’s more complicated than just being like, “Oh. This thing is available.” SWB I know. And I also really felt like I needed that money at that point in my life. KL Absolutely. JL Totally. And I mean that’s the like—the other thing that’s really like important and—and we’ll talk about this a little later on is that like, it’s ok. You can start saving now. And for me that was like so important because like the anxiety of like, “Ok well, you know what? I didn’t start investing when I was 18. So, you know, what now?” And the thing is but I’m doing it now. And that’s the other thing that I feel like stopped me from learning more. It’s like then I just start feeling bad. I’m like, “Oh I’ve got this like sitting in a money market account and it’s not like diversified enough. Like inflation is basically eating away my savings.” And now I’m like, “You know what? I can start now.” And—and that’s the thing it’s always like, you just need to start when you’re gonna start. And if it’s not tomorrow that’s ok too. If it’s next month, that’s ok. But like giving yourself that slack and being like, “I’m gonna do it.” So like I’m now moving all—like—like I have like two 401Ks that I need to move over from previous jobs and I’m like finally getting it done. And it’s a pain in the ass, I’m not gonna lie. But it’s also not as hard as I thought it was gonna be. So it’s like a combo. [10:01] SWB Some of this stuff I feel like the hardest part is that like mental blocker about it because it’s about something that makes you feel a little anxious. I mean I have, you know, like I know that in my family… my mom really started getting her retirement stuff together in her forties because she didn’t really make much money till then, till she became a professor, and before that, you know, we were pretty poor. She was extremely frugal, but there’s just not that much money, so there’s not that much money. And so I look at that stuff and it makes me stressed, and then it makes me both like wanna put a lot of money away but also like… not wanna deal with it. Like deal with it sort of like emotionally and—and I feel like I’ve gotten over a ton of that and I feel like getting over that has been super helpful for me to make some better plans around retirement and around—around just sort of like having my financial shit together in general, to the point where, look: I may be turning 35 and not exactly have two times my salary set aside, but I actually feel really fucking good about where I am financially right now as well as like kind of that I—I do have my shit together. Not everything but like no, I’ve made a lot of steps, and they’re good steps, and they were like tough to get to and now I fucking did it, and I can do future stuff. KL Yeah. I think that’s the thing like… that is a universal thing. It’s complicated. It can feel really raw and emotional which I think maybe sometimes I—I know a lot of the times I’m not expecting and I think to just like realize that and know that there are ways to get through it is super helpful. And I really loved hearing from Shannah because it made me feel like where I am is right for where I’m supposed to be right now, and that’s ok, and there are a lot of different things I can do to move forward. So, I don’t know, it was really good to hear from her [music fades in]. Sponsors SWB [Ad spot] Hey, everyone! Sara here to tell you a little bit about the people who are making No, You Go possible this week [music fades out]. First up is Harvest. Harvest makes awesome, easy to use software to help you track your time, manage your projects, and get paid. Seriously, I have actually been a Harvest customer since my very first day as a consultant back in 2011. I love how easy it is to create invoices, add expenses, and tie them back to my projects. Whether you’re a freelancer who just needs to get paid or an agency with complex workflows and lots of people, Harvest has you covered. Try it free for 30 days at getharvest.com and when you sign up with code No, You Go, you’ll also get 50% off your first paid month. That’s getharvest.com, offer code No, You Go. And we’re also proud to be supported by WordPress. Do you need to make a website to post your Riverdale fanfiction? Or promote your awesome new wine bar? Or, well, do basically anything else? Then you need WordPress. We trust WordPress to keep our site running smoothly, and to make it easy to customize, update, and share with the world. And we’re not alone. Nearly 30% of all websites run on WordPress. Maybe yours should too! Plans start at just four dollars a month. So start building your website today. Go to wordpress.com/noyougo for 15% off any new plan purchase. That’s 15% your brand-new website at wordpress.com/noyougo [music fades in, plays alone for six seconds, fades out]. [13:21] Interview: Shannah Compton Game SWB Shannah Compton Game is a Certified Financial Planner, and she’s the host of the Millennial Money podcast, where she dishes “life-changing money and lifestyle tips to jumpstart your finances, ignite your savings, and empower you to reach all your awesome goals,” which sounds pretty good to us. We are super excited to have Shannah on the show today because we know we have money questions, and we are dead certain that some of you have money questions, too. So why don’t we get into it? Welcome to No, You Go, Shannah. Shannah Compton Game Thank you so much for having me. I’m so excited. I—I love talking about money, obviously [laughs]. SWB Yeah so speaking of that, ok you run a podcast about money, you’re a Certified Financial Planner, what does your day to day look like? Like obviously you talk about money all day. How does that break down? What’s the mix of things that you typically do? SCG Yeah, you know, I have a really interesting background, kind of a mix of both creative skills with sort of, you know, these money and business expertise skills and so a couple of years ago when I started my podcast I just thought, “You know I want to create a company and a brand that creates products that really help, you know, everyday people understand how to not only grow their money but—but how to deal with this money stuff in like a really relatable and dare I say, interesting and fun way.” So that was sort of the reason that I started the podcast. So every day for me looks completely different. Some days I’m writing a bunch of articles or I’m working on my first book right now. So there’s a lot of writing there. Other days are podcasting, other days are interviews. I also do a lot of teaching and I have—I host a lot of kind of like interesting dinner parties where we talk about money. So really every day I wake up it’s so completely different [laughs]. JL Oh! What are those dinner parties?!? SCG Yeah so it’s my version of talking about money. I’m sort of the anti, like, conference room person. So I get a bunch of people together, people who don’t know each other, and we have a chef come cook us an amazing meal, and we sit around and we talk about money, and we talk about life, and we talk about business, and all sorts of things, and so, you know, you walk outta there with like 20 new friends, and hopefully that you’ve been inspired to, you know, go do things a little bit differently. SWB So, that sounds really cool and this also sounds like a really interesting mix of things. Was there a moment when you realized like—I assume, you know, you were working with clients doing typical financial planner stuff when you realized that there was something else that you wanted to do. Like how did that happen? [16:00] SCG My dad had been in the financial industry for about 40 years and I started working with him and we worked with really high-net-worth clients, people who had a lot of cash, and it was great because it was really like a crash course to learning all of these things about money and then I got my—my Certified Financial Planner designation, and I thought, “Ok I’m gonna have, you know, my own planning practice.” Which I did for—for quite a few years. And then I just decided, you know what? I really like the creative side of money and I feel like we don’t have a lot of modern-day people talking to us about money. You know, there’s Suze Orman and Dave Ramsey—those are kind of the most popular names. But they’re a little old school I think in their thinking, and so I would just kind of tap into that like crazy entrepreneurial spirit and I’m like, “Ok well why not try to create something different? And something new and fresh?” But it hasn’t—it certainly hasn’t been easy but working with the clients for about 12 years really gave me an understanding of a lot of the similarities between people and then, you know, learning some of those like really tricky techniques as well. SWB Yeah, so, you mentioned a little bit that you felt like there were a lot of people who were kind of old-school doing financial planner work, or sort of being financial planning, I don’t know, “personalities” out there. What do you think is sort of the difference between what you would describe as sort of this old-fashioned take and the way that you approach it? SCG Look: I think we’re just in a really different climate. I mean there a lot of people, especially a lot of younger people, that are becoming entrepreneurs because they kind of have to, you know? The job market just isn’t what it used to be and people wanna create something. And there’s also a lot of debt, a lot of people still have student loan debt, a lot of people, you know, are having to plunk down a lot of money to buy a house. So I think there’s just a lot of really unique dynamics happening that just call for kind of a different approach. And I honestly feel with—I don’t know how you feel, but—with social media and, you know, Instagram and Twitter and Facebook and we’re always in other people’s lives… like the kind of pressure right now to compete with people financially even when you don’t have that money. I feel like there’s never been a time like now. SWB That’s really interesting that you mention that sort of sense of like it being—it seeming at least like all these people have all these fabulous things and are doing all of this amazing stuff in their life, and it does—it does create that sense of, like, you see people’s highlight reel on Instagram and you think that that’s how they’re living day to day, and like what you’re not seeing is, you know, the like sad peanut butter sandwich they’re having [chuckling] because there’s nothing else in their fridge right now, you know? SCG Yeah, it’s so true! I mean I even struggle with it myself where I’ll—I’ll get in this mode where I’m like, ok. This is like really silly. You have your own talents, your own skills. Like you don’t need to be, you know, comparing yourself. But it’s just—it’s so easy to do, you know? And like you said like we’re showcasing obviously usually like the flashy version of what we’re doing in life and not the realities which are, you know, tough. [18:59] SWB Yeah, so, it seems a little bit like the—the brand that you have, the podcast that you have, like the way that you talk about money, and sort of just the way you sort of position yourself feels… maybe a little bit more targeted to women, and I’m curious if that was something that you were doing intentionally or if that’s just sort of like my interpretation! SCG It wasn’t certainly intentional but I do feel, you know, that women—look: we are in a tough spot financially whether you know it or not. You know, women live longer than men. We start and stop our career. We just have a lot of issues that require us I think to think differently about money and then, you know, I’ve been an entrepreneur my whole entire career, so that’s really where a lot of my heart is in helping women—not only inspire them but also help them, you know, in the practical side of money because we just don’t learn this stuff anywhere. SWB Yeah, you know I was I thinking a little bit before this interview about the way that financial services I think have historically been pretty targeted at men and sort of advertised in a way that was targeted towards men and yet, you know, we’ve seen society really change around like a lot of women are breadwinners in their families and, you know, more likely to graduate from college. Like there’s a whole lot of—of shift happening in the role of women in the world and it’s like, you know, looking at the financial industry as sort of needing to catch up to that. So it’s cool to see people kind of like taking that seriously and looking at those issues more often facing women, you know, directly. SCG Yeah, absolutely, and I think particularly in the professional financial industry of—there are only about 70 some odd thousand Certified Financial Planners, which is kind of the highest echelon of—of financial planning designation you can get here in the US, and of that 70,000, only about 22% are women and it—that number is not increasing at all. Like it’s been stagnant at that number, and what I find working with a lot of of women, and particularly women entrepreneurs, is they don’t necessarily wanna like have a, you know, 60-year-old dude sitting across from them, lecturing them about their money, or taking time off to care for their newborn, or whatever it may be. You know, they want somebody that they feel they can relate to. And so it’s been a real interesting sort of sweet spot as well, you know, being a woman and—and having that expertise. SWB Oh my god, totally. As an entrepreneurial woman I can definitely say that I do not look forward to situations where I have to sit across a desk from a 60-year-old man who’s gonna tell me what to do with my life. Um [laughs]. SCG You and me both! SWB [Laughs] Ok so… thinking just a little bit more about your podcast and the writing that you do and this book that you’re working on, which I’m super excited to hear more about, does that all still feed back into doing financial planning for clients? Or is your career sort of like moved more into that… lots and lots of education and hosting dinner parties space, and you’re not doing as much of the like—of the one-on-one anymore? [22:00] SCG Yeah, exactly. The one-on-one is fantastic, I just have always felt pulled in this direction and, you know, it took me a few years of fighting against that pull to go, “Ok, ok. I [laughs] I give in,” you know? And so this is really where I feel my expertise lies. You know, I have an ability to connect with people I think and, you know, it works really well in this space, and, you know, I have sort of a separate brand where I work with female entrepreneurs, but kind of in a more business, money-centric approach, which is what I love. So, yeah, I mean for me, you know, I—I thought that if I was gonna be a CFP, I had to have a planning career and that was just the end of it. And it just felt, honestly, a little bit too boring for me. JL I mean it’s interesting you have this whole podcast about the subject of money, but a lot of people avoid talking about money. So what allowed you to overcome that stigma? SCG Honestly when I launched the podcast I thought, “Who in the world is gonna listen to a podcast of me just kind of like babbling on about money?” [Laughter] But what I have found is that, you know, like money revolves around every aspect of our lives: our relationships, our careers, our vacations, you know, everything that we do. And I—I think that, you know, for most people there’s a lot of like stress and fear around money and so I just approach it and the way I sort of approach everything is, you know, if we can sort of break you free from some of those stressors around money and like get you in a position where you can think about it differently and you can really understand that you can create the lifestyle that you wanna live. Like you have the tools right now in your bank account to do that, whether you know it or not, that, you know, that felt like a spot that was really comfortable for me because I’ve had my own kind of crazy money journey myself, and so, you know, I just wanted to be honest on the podcast. I wanted to share my own struggles, I wanted to share struggles that, you know, I’ve seen other people go through and how they’ve overcome those. And, you know, we just little by little, like sort of a grassroots movement, the podcast just has grown and grown and grown. JL Was it easy for you to start talking about it right away? Were you just like, you know what? I’m gonna be open and honest about this. SCG Not at all! It’s hard when you’re supposed to be the quote/unquote “expert”. You know? To admit like, “Oh, hey, when I came out of college, I had credit card debt,” and, you know, I’m very honest on my podcast. I went through a divorce in my really early thirties that was financially devastating for me, and I basically had to give up every asset that I owned in order to not have to pay my—my ex-spouse for 10-plus years. And take on debt. And that was a really hard position to be in, because I felt completely demoralized like, “Who am I to give advice to someone?” But I think I’m—I’m grateful for that because what I learned was I had these tools and these skills and I had the know how to pick myself back up and if I could instill those into other people, especially other women, to help them know that no matter what they go through in life, you know, they can get up, dust themselves off, and restart again, then maybe that was kind of the best thing that ever happened to me. [25:16] JL I think we try so hard to—to be perfect all the time. SCG Yes. JL And we try to like—and if we’re not, to definitely hide that. So I, like, I’m trying to think about the leap from like, “Ok. I’m gonna do it. I’m now gonna like admit to everyone that I’m not perfect.” SCG That’s a really tough space and I think honestly like you have to get there. First. You know like that to me is the starting point for change in anything that you—that you wanna, you know, achieve in life. And for me that was just the spot of—of being able to say to other people like, “Ok, I’m human. You know I’ve had stuff happen to me, and I’ve made mistakes, and I still sometimes spend too much on vacations, and, you know, all—all those sorts of things,” and I think for me it was, you know, speaking the reality of life and that’s what I try to get every guest on the podcast to do too that… through doing that people would figure that they’re—we’re all more alike than we’re different, particularly when it comes to our money. And that you just—perfect is totally unattainable when you’re thinking about your finances. So don’t even try to put yourself there. SWB I really love this and I’m so thankful to hear you kind of talk about about your own story and sort of saying like, “Look: I’ve been there. I’ve screwed it up. I’ve been in a bad place, and I worked myself out of it, and, you know, and other people can too.” I’m curious like… how did you work your way out of it? Like how did you go from that place of sort of having to kind of start over financially to feeling like you had it more together again? SCG The best advice I could give is just, I took it step by step by step. So if I looked at the entirety of the situation—like how much I was in debt, and how much I had to pay my ex-spouse, you know, all of the things that I had given up—like if I looked at in the entirety, I had, you know, those like panic, freak-out modes. And so I had to just break things down by little pieces. Like, “Ok. I’ve got this debt. Ok. I know how to attack debt, right? There’s two ways to attack debt, I’m gonna pick one of them and I’m gonna for it,” you know? So I started moving in that direction. And then I also know like, “Ok. I have all these skills, I have these talents. None of that was taken away from me. How do I turn that now and start having that be more revenue-producing for me than it was before?” So for me it was just literally about writing out goals, staying really focused, and, you know, trying to put these little steps together to get yourself to a place where you feel like, “Ok. I’m actually achieving things and it’s going in the right direction.” But it’s tough. It’s hard, especially when you’re in a tough emotional situation like that. But I think really being focused, and really seeing it like, “Ok, it might not be good financially but it is a clean slate to work from, so lemme just figure out how to, you know, start attacking some of this.” [28:07] SWB I love this idea that like you might feel like everything’s been taken away from you because you—you lost, you know, a lot of things financially, or people can feel like that if they lose a job, but like, nobody took away your talents. And like it’s a really good reminder that you’re still you, and you still have all of that. SCG Yeah! It’s really easy to feel down, to feel depressed, to have that anxiety, and I—I’ve certainly been there but, you know, yeah I mean that really for me was like the biggest realization. Like, “Ok. I had to give up all this stuff but I—yeah, I’m still me. I still have all of these talents and I can make these talents better and that’s something nobody can take away from me.” JL There’s so many topics in here that I think so many people would be afraid to talk about. And, I wanna ask you, Shannah, why do you think people are so afraid to talk about money? SCG I think it’s just this taboo topic and so because of that people just don’t talk about it. So when you don’t talk about something, you feel really isolated, and you feel like you are alone. Like nobody could possibly have the same money issues you have. But the reality that I try to tell everybody is: you’re so wrong! Like we—we are all so much alike when it comes to money, especially the things that we’ve not done so well. JL Right. How do you suggest people like start opening up about this to—to their friends or, you know, to others? Like when—when is the appropriate time to start talking about money? SCG Well, I think, you know, with friends you have to make sure you’re in good company. It’s really easy, I think, for other people to judge you, especially if you’ve never broached this topic. But I’m just a big believer, especially if it’s something where you feel really pent up about, like start talking to people in just a casual way. I mean you don’t to share everything, you know, that you feel like maybe has been a money mishap in your life, but start maybe having some conversations and see if that releases some of that pressure. JL You know how appropriate is it to talk about money with your coworkers? SCG You know that’s so interesting like the statistics are showing that people, especially people in their like twenties, are really, really open to talking about money at work with coworkers. It’s not a subject that I would probably talk about, you know, if I had coworkers. But, you know, I think again you just have to feel it out. You have to feel out like your comfort level and then you have to feel out, you know, the person that you’re talking to. Like is this person gonna be open or receptive to whatever I’m saying or any advice that, you know, I’m asking for? So it’s kind of like knowing your audience first is—is pretty key in that—that situation but the workplace is a little tricky, I think. [30:40] SWB I think that that’s one of those issues that’s coming up over and over recently because of so many conversations about like pay equity where, you know, particularly women and I’ve heard this from people of color and the you know like probably most of all I’ve heard this from women of color saying like, “You know we know we’re not achieving pay equity and if we don’t talk about what other people are making, then we don’t have any context and that sort of like keeps us more powerless in our workplaces.” And so I think that’s where at least some of that shift is coming from is from people who feel like they’ve been kind of like missing some context and wanting to go seek that out. I know I personally I mean I don’t—I don’t work in a company where I have coworkers, so I don’t get to talk to them about money, but I talk to people who are my peers all the time about the offers that they’re getting for jobs or like, well, you know, like, “Oh, well, I know somebody who was offered a position in a company that I think was similar and they were offered somewhere like this,” and, you know, “I’ve seen some other positions that were in this range.” And just trying to like give people more of that context so that they don’t feel so in the dark. SCG I think that’s a really good point, too, and I—I think that, you know, you—you said it maybe a little bit more eloquently than I did, but it’s also like I said, knowing your audience. So, yeah, I mean obviously for women like the pay equity thing is—is a huge—you know I’m not sure quite sure how we solve that issue but um—other than we just pay women what they actually deserve [chuckles] but I definitely do that as an entrepreneur, I’ll ask other people like, “Hey, what did you get for this contract or this client hired you, what did they pay you?” And some people are willing to open up about it and some aren’t and that’s ok. JL For me I know like Sara and I we’ve had conversations about money but, you know, those certainly didn’t happen the first time that we ever met. Um [laughter] that was definitely after many a happy hour [laughter], where you know, I felt that someone that I was like really confident in like both friend and—and working like that, you know, we could have these conversations and keep it between us and so I found it really important to find someone that I could sort of trust. Trust is such a huge part of these money conversations. SCG Yeah. For sure. Such a big part! JL So, you know, money can be very intimidating. The other day someone in like a work Slack channel said, “Every time I think about wanting to get better about it, I get too confused and I walk away.” [Laughter] I think a lot of us can relate to that. How do you suggest people get, you know, quote/unquote “better” about their money? [33:03] SCG I think that that’s what happens with a lot of people. You know I preach a lot about probably people are sick of hearing this but I preach a lot about a concept I call “Knowing Your Numbers.” So if you hate the word budgeting, I’m right there with you, I’m not a big fan of the word budget. But um, you know, the concept of knowing what cash is going out of your bank account, and where that’s going to, it gives you a lot of empowerment over your finances. And I think starting places like there where, you know, you can really have this awareness of what’s going on with your money puts you in this place of power, it puts you in the driver’s seat when it comes to your finances, and it helps you to make really educated decisions about what you’re doing with your money. But I—I do think, you know, it’s really easy because it can seem really complicated, you know, “What should I do with my money? Well, I can’t figure anything out so I’m just not gonna do anything,” but I think there’s so many resources out there. There’s podcasts. There’s so many articles. Gosh there’s books. I mean there’s apps. You name it. And it’s all about just pulling out what’s gonna work for you and throwing out the rest, because as I always tell people like money is not a one-size-fits-all. So what’s gonna work for you is not gonna work for me. And so I need to figure where there are pieces of information that maybe you have or money tips that you’re using that maybe would work for me and the rest I’m just gonna throw out because it—it doesn’t work for me. JL Yeah, I think that’s so important. I’ve been reading a ton of money books, and magazines, and listening to podcasts recently, including yours [laughter] and I just like—there’s so much information but of course not everything is applicable to me. SCG Yeah, you know, and it’s really interesting um we kinda talked about this earlier with that like idea of perfection. There’s this kind of underground movement right now happening. I just recently was—was quoted in an article about the downsides of extreme personal finance and so there’s this movement of—of bloggers and people who are saying… Dave Ramsey talks about this a lot, that you can’t have any debt to be quote/unquote “successful.” And I think that that’s really putting undue pressure on people, because I mean let’s face it, like, honestly sometimes having debt is the smartest decision you can make. Sometimes leveraging somebody else’s money actually works to your advantage. And so I think you know broad-sweeping these concepts across and telling people you know, “You have to do it this way. And you have to retire by 35. And you have to—” It just doesn’t work for everybody, and I think it puts us in this… you know more of a panic state when it’s just—it’s not applicable to our life. JL Right. I mean I get so concerned, right? Like I’ve listened to an abridged Audible book of Dave Ramsey [laughs and laughter]. I’m gonna put that out there. And I listen to and I—I remember thinking like, “Wow. If this had been the only thing I had listened to, like if this was the first thing, like I wonder what my life would be like.” Would I have just like done everything that he had told me to do? [36:01] SCG I think that happens a lot with money because I think, you know, look: we don’t normally learn about it at home, we’re not learning about it in school, nobody’s teaching us about money. And so I think that, you know, sometimes we just like glom onto the first thing. But really like I encourage people like listen to lots of podcasts, read lots of articles, you know, again like pick out what’s gonna work for you and just throw out the rest. SWB When I start trying to look at a lot of different sources to make a financial decision, sometimes it works pretty well for me. I can like read a few different things and come out feeling like, “Ok. I get it now.” I understand whatever this thing is, whether it’s like for example, you know, researching mortgages a few years ago when we bought our first house. And that’s great. Sometimes when I’m researching money things, and I would say like particularly with retirement stuff, I read a whole bunch of different stuff and I come out the other end going, “Well now I’m even less sure what I should be doing!” [Laughter] How do you recommend people kind of can make sense of what is gonna work for them or not get overwhelmed when you get all of this kind of like complicated and sometimes conflicting information? SCG Yeah, that is such a great point, especially when it comes to retirement. Most people are kind of in this like retirement fog like just not sure how much you should save or where it should go, you know? And this is really a case of it’s always a good idea to hire an hour or two of like a Certified Financial Planner’s time to figure out, ok, what actually is gonna work for you. Because somebody can look at your situation holistically. But I think it does really start with the place of—and this sounds really obvious but people forget this a lot of time—of what is the vision for your life? Realistically, what do you want your life to look like? You know, do you wanna retire at 50 or 70? Or you know I know some of those decisions are hard to think of now, but if you could paint a picture of what you want your life to look like what would that be? And then ok, now that you have that picture, how do you get your money to come alongside that picture and help make that actually happen? And I think when you start from that approach then you have this visualization and you can figure out then what you need to do with your money. What are those different steps you need to take to be able to fund that, to get you to that vision. JL So, you mentioned before budgeting. And I think a lot of the reason I think we avoid that is because it sounds like we’re just basically cutting all the fun out of life. So, how do you suggest people think about making a budget and how do they get started with that? SCG I always tell people like the only reason in the world that you’re ever going to attempt to do anything like a budget is so that you can actually fund your goals. You know: do you wanna buy a house? Do you wanna—are you starting a family? Do you wanna stop working? You wanna start a business. You wanna go on vacation. Like what are those things that you wanna do? That’s the only reason that you do a budget, because you’re incorporating those goals into your budget so that you can structure your money properly. So that you’re actually able to achieve those goals. And I tell people, like, I don’t like the word budget. If you don’t like the word budget, change the name of it. Call it whatever [Jenn laughs] the heck you wanna call it! Just understand the principle of when you are tracking where your money is going, you are putting yourself in the driver’s seat of making changes with your money so that you can drive more money towards those particular goals. Even if your goal is you wanna pay off debt, it’s—it’s just when you have an understand of, you know, the what’s coming in is the easy part. Like that’s the part we all like. The what going out part, you know, most people are like, “Well I have some general idea of where I spend my money,” and then there’s a process that I go through with people where we dial down and we actually look at the bank statements and, you know, I—I come back to them and we compare the numbers of what they thought, and what they actually spent, and it’s kind of mind-blowing at times. So it’s—it’s putting yourself in a powerful position to be able to make changes and also to be able to anticipate when, you know, big expenses are coming up and things like that, and really, I mean, it can be as uncomplicated or as complicated as you want. Some people use Post-It notes, some people use pieces of paper, some people Excel templates. Microsoft has a ton of free templates or you can use budgeting apps. I mean so it’s really kind of based off of your temperament and something that will keep you motivated. [40:28] JL Huh. I never even thought about other options besides like an Excel spreadsheet. SCG Yeah. There are so many of them out there. So I always tell people, like, try a bunch of things until you figure out something that actually works for you. SWB There’s like nothing more terrifying to me than having to sit down and face how much money I spent in a given month on, like, coffee. SCG Yeah I—I know. Coffee [inaudible], you know, eating out is another—is another big one. I worked with a couple a couple of years ago and they wanted to buy a house and they just—they made really good money and they couldn’t figure out why they couldn’t have a down payment ever. And so they’d handed me this like, you know, scrap of paper budget that they had made probably like a year before, and of course it wasn’t accurate. And uh, you know, after we did sort of the exercise of looking at their bank statements, I came back to them and I said, “So like, how much did you think that you spent on eating out?” And they’re like, “Oh I think we spend like $300 or $400 a month.” You know? And I’m like, “Do you wanna know the actual number?” And they’re like, “Sure!” I’m like, “Well, the last like four or five months tracking back you’ve spent about $2,500 a month on eating out.” And they were like, “What?!?” And I’m like, “Yeah, I mean—” You know, they obviously knew they were going out to eat a lot but they just—it just wasn’t realistic to them but, you know, when they realized that then they were able to shift things a little bit and they bought a house in four months. So, if I understand like how scary that can be: for sure because there are times I don’t wanna look at my money but um I think if you—if you can flip it on the flipside of things and just say, “Look: the only reason I’m doing this is because I got all these other things out here and name them and visualize them that I wanna do.” And so if I don’t look at this, I can’t get to this. [42:14] JL Ughhhhh. Having to look. [Laughing] Having to look internally at ourselves is so hard! SCG I know! I know. I know. I know. It’s—it’s really hard but I promise you like after you do it… one or two times, if you can find that positive inspiration, it does start to change. JL You know it’s true, and then you have to like remember like, “Wow. I’m so happy I know this now.” So you can like identify these things. It’s almost like the not knowing is worse. SCG You know it’s—it’s just coming to the place where you—look: before—before I got divorced, like I was the girl who never wanted to look at the ATM receipt. I would deposit money and I wouldn’t look at the receipt. And it’s dumb because there was no reason because there was money—always money in the bank account. I just fixate on numbers and so I didn’t wanna look. And then when I got divorced I was like, “All right, I gotta look at the ATM receipt.” [Chuckles] Like, I gotta deal with this and, you know, the first few times were a little hard for me and then after that it was like, “All right, I got this. I can do this.” You know? And so I think as much as you can like positively inspire yourself, the better off you’re gonna be. JL So I’ve been trying to tackle this. In like the last couple of months I’ve been like, “I’m gonna learn more about money. I’m gonna do it.” And I’ve been doing it but like I’ll read a lot of advice that’s like, “Start saving in your twenties, otherwise you’re screwed.” And as someone in my thirties that makes [laughing] me feel terrible! SCG Yeah. Don’t listen to that. It’s not true. It’s not true. There’s always a way to remedy absolutely everything financially. So… that the stuff where it’s like, ok, they’re trying to get to clickbait on the article [laughs]. We’re also in a generation where we’re probably realistically gonna live well into our hundreds. So we’re probably not gonna like, you know, put up shop and stop working at 65 like maybe our parents did and so it’s gonna look completely different. I mean some people even argue that we’re not actually going to quote/unquote “retire”. We’re just gonna keep working and, you know, with the internet and—and side hustles and, you know, we’re gonna be in our nineties like side hustling. Um— SWB Oh my god that sounds so exhausting. SCG Right?! So I mean [laughter] I just—you know, don’t—don’t freak about it. JL With—with that in mind, you know, I think sometimes we’re hesitant to save for retirement because it seems like… like it’s not ever gonna happen. SCG Yeah! It’s this taboo word obviously that we hear all the time and I think, you know, once we get into our thirties we’re like, “[Gasps] Oh my gosh!” You know even though it’s 30-plus, potentially 40-plus years away. And, you know, their life is gonna bob and weave all around around them. So I think that it’s just about, you know, again having some goals and look: if you can only save a little bit of money each year for awhile, so be it. It’s not the end of the world. [45:00] JL So, Shannah, can you tell us a little bit about this new book you have coming out? SCG Well, it’s a little bit top secret so [chuckles]. I can’t dish a whole lot but I—I’ve always like when I was—when I was writing it I was sort of writing it under the idea of the anti-money money book. So for me it’s—it’s a book that is full of inspiration that’s gonna help you feel better about, you know, whatever financial situation you’re in, and then also the book shares a lot of stories from people that hopefully, you know, somebody can relate to… who have gone through different things in—in their lives and how they’ve kind of pulled themself back up or the different steps they’ve taken, and then it’s fused together with my own story. So it’s not a book where, you know, chapter one is “how to pay off debt” and chapter two is “buying a house.” It’s just not that type of book. It’s to me it’s—it’s always the type of book I’ve wanted to write, which is really making money come to life and helping it be relatable to people reading it that they can see maybe themselves through somebody else’s story or be inspired through their story. JL That sounds absolutely incredible and I know that I am very excited to read that when that comes out. But while myself and our listeners are waiting for your book, where can they get more Shannah? SCG Absolutely! So you can find the Millennial Money podcast on absolutely any podcast player, and we would love to have you listening. We do episodes twice a week, or you can head on over to my website shannahgame.com to check out all of the back catalogue [music fades in, plays alone for five seconds, fades out]. FYOTW KL I’m really hungry. But I’m also thinking about our Fuck Yeah of the Week. JL Well, you’re in luck, Katel, because this week’s Fuck Yeah is fuck yeah, meal prep! KL All right… tell me more! JL Ok. So we’ve all either like… are meal prep converts at this point or we’ve like read about meal prep and been like, “Oof! That sounds like a… investment of a lifestyle.” SWB The look on my face says, “Oh my god are you one of those people now?” JL I think you’re gonna like it because I feel like I’m someplace in the middle. So I’ve been reading all this meal prep and hearing about meal prep for like ever. Like, “Meal prep! Meal prep! It makes life so much easier, etc.” But I was just like, “I can’t get down. I can’t get down.” But! Like money, I’m taking those slow steps into like being like, “Well, let me try it out and maybe I can like figure out a way to make this work,” and so we’ve been like struggling in that our son needs to eat at an early hour. And it’s like right in like a weird time. And then we do bedtime, so like we would like to give him dinner at like 6:00, but then we wouldn’t eat and start making dinner until after bedtime, so then we’re eating like 8:30, 9pm, and like I’m trying to go to sleep at like 9:30 so this was— [47:46] KL Yeah, it’s like, “What are we in Spain?” [Laughter] JL [Laughing] What is going on here?!? Without, like, the glorious wine. KL Yes. JL So I mean there’s wine, it’s just not as good. So we were like, “You know what? Let’s like—let’s give meal prep a shot.” And like the thing is so we sort of looked at what we could do and—and we’ve got an Instant Pot, and we sorta became Instant Pop converts which, Katel—[laughs]. KL I wonder who helped you do that [laughs]. JL And then we’re also really into like sheet pan meals, and then the third part is um we’ve been doing these Hungry Harvest um like CSAs which are basically like they call like “ugly produce.” So like produce that stores reject for like one reason or another. Either if it’s like been over-production of something or mis-shaped apples. So they do a CSA and they deliver to your door which is awesome. So we get those delivered on Saturday, and then sometimes we’ll like supplement with an Instacart if we can’t go to the store because, again: baby. And then on Sunday we were like, “Well, let’s give this a shot.” So basically we just take all of these vegetables that we get from our produce share and we just like, we just roast ‘em with various things. And then I found a recipe for one-minute quinoa in the Instant Pot. So we do that. And then we do like one other like protein-ish thing which we freeze to then have later in the week. And then Sunday like when we’ve got time, we usually like grill something like a meat or a fish and then we’re like, ok. We’re gonna like just do the one like protein thing like… for the next two days, and then we like break out the thing that we froze from the Instant Pot. So like we tried and we’re like, “Oh!… This is kind of working.” And so now we—we’re saving time and we’re able to eat dinner at 6pm with our child. So we all eat dinner together as a family which is… really awesome. KL It sounds like it’s, you know, a good thing to manage sort of budget-wise also because you’re kind of looking at like …you know a week at a time or whatever length of time. So that’s like—that seems really helpful. [49:52] JL And we waste way less food. We were doing the thing like where we’d be like, oh yeah, you know, I want all this stuff. And we were trying like sort of live the lifestyle we had before like before having a kid, where it’s like, oh yeah, we can cook extravagant dinners and like make all this stuff. But like… what we’d end up doing is being like, “Ugh! We’re throwing out another head of kale?!” Like and then you just feel awful. Like for many reasons. Like, one, you just wasted food, and you wasted money, and you didn’t get to eat that kale. So like it’s always like a little bit of a bummer and now we’re like actually making sure that we’re cooking everything. SWB You know years ago Will and I were really good about planning out our meals for the week. We didn’t do like a ton of pre-prep, but we would really plan out ingredients. And also, to be honest, we were broke. Like we didn’t have that much money. When Will was in graduate school and we were in our early twenties, we would go grocery shopping every weekend together, and we would shop off of what was on the circular that week, which is like how I grew up. It was like a very like you would really look for what was on sale, and stock up on things when they were on sale, if you could at the time, and, you know, and so we used to do that and we were very good about thinking about things like, Ok, well… you know if we buy this kind of produce that is on sale this week, we need to have it in two different dinners. So we’ll like do it two different ways or whatever, right? And that worked pretty well, particularly because I wasn’t travelling that much then and so, you know, we would cook dinner together every night and it didn’t cost a lot of money. And it wasn’t perfect but it was good. And it kinda fell apart at some point because I travel a lot and we kind of stopped really doing those big shops together, and we just like stopped having as much of a plan, and so recently… I struggle with the meal prep in that like I have this piece of me that wants to like make dinner for the night that night. I really like it in a lot of ways. But I did get way better about going back into thinking through the week. What’s going on this week? How many meals can we prepare realistically? How many evenings this week are we going to be able to cook at home? And I’ve been really enjoying feeling a little bit more planned out. I’m not like micromanaging, but it makes me feel good to feel like I go into the week with like a little bit of a plan, the right kinds of stuff stocked, and a realistic sense of what I’m gonna do with all the kale I just bought or whatever, you know? [Laughter] But also like, don’t you sometimes have a plan and then you’re like, “I had a fucking Wednesday, and I just don’t wanna”? JL So, I will say this: the meal prep is new. So, I’m saying fuck yeah now, but I’m not sure if I’ll be saying fuck yeah in another five weeks. There are like points where I’m getting like a little bit tired of like what we’re eating. So now we’re trying to like think of like other things that we can do to make it different. Maybe we need more sauces, maybe we need to like, I don’t know, just expand something. So we’re gonna look into that. But like the other week I was going home and we’re like—we’re… right near some like really good pizza restaurants and this just like smell of garlic was like just coming through the air, and I got home and I was just like, I just looked at Sutter and was like, “I’m ordering a pizza.” [Laughs, laughter, laughing] I was like, “I do not care. This is just like I am ordering this pizza right now. Like that is what’s happening,” and it was so good. [53:15] KL I love that. I—we like awhile ago, Jon and I decided that we were going to try basically switching off every day. Right? So like one—like if I decided dinner and it doesn’t—it doesn’t have to be a cooked thing. It can be like you are just in charge of dinner. You’re PMing dinner. You can cook it, you can order it, we can go out somewhere, whatever. And that was like kind of great because you just like had the night off if it wasn’t your night. But then a pizza place—a slice pizza place—opened up across the street from where we live. So now it’s basically like both of our ideas all the time are just pizza slice [laughing, laugher], which does not [laughter]… it sounds fucking amazing like today. SWB It might not be like a long-term plan. KL [Laughing] It’s not a long-term plan. SWB So I think the thing about meal prep is—is sort of—it’s not even like just meal prep but it’s like kind of thinking about [sighs] how do I make sure that I have some of that time in the evening that is like good family time? Or how do I make sure that I eat the way that I wanna be eating more often? Or that I kinda stay on budget? It’s kind of like thinking about that stuff and sort of like giving yourself some space to figure out that out without, I think, without getting like too rigid about it and making it feel like another on the long list of shoulds, which I’m kind of like tired of feeling like I have all these shoulds. JL Totally. Fuck yeah. KL That’s it for this week’s episode of No, You Go, the show about being ambitious—and sticking together. NYG is recorded in our home city of Philadelphia and produced by Steph Colbourn. Our theme music is by The Diaphone. Thanks to Shannah Compton Game for being our guest today. If you like what you’ve been hearing, please make sure to subscribe and rate us on Apple podcasts. Your support helps us spread the word. We’ll be back next week with another great guest [music fades in, plays alone for 32 seconds, fades out to end].
Certified Financial Planner Shannah Compton Game, host of the Millennial Money podcast, literally walked away from everything she owned when she got divorced. Ironically, she says it was the best financial decision she ever made. For more information, visit the show notes at http://www.bobbirebell.com/podcast/shannahcomptongame
If you like financial podcasts then I think you’re going to be happy to know that today we are featuring a very successful top female financial podcast host and certified financial professional, Shannah Compton Game. She’s the host of Millennial Money. It’s a daily podcast catering to millennials and young adults, boasting over three and half million downloads since launching about three years ago. She and I are doing crossover interviews today. So, if you check out her podcast you can hear her interview me. It's really wonderful to connect with a fellow female podcaster in this space. Shannah and I go deep. We right away began talking about the financial lessons she learned from her divorce, the most surprising thing that she learned about millennials and money in doing her podcast and the number one piece of advice that she has for women. To learn more about Shannah visit shannahgame.com or follow her on Twitter @shannahgame. To learn more visit www.somoneypodcast.com.
Parkland Florida Mom Heather Curcio Hutchison is a longtime Satellite Sister and mother of Emaleigh Hutchison, a graduate of Stoneman Douglas High School in Florida, site of last week's horrific school shooting. We open today's show with words that both Heather and Emaleigh want to pass along to the whole Satellite Sisterhood about the spirit in their community and what you can do to help them heal. To write a letter that will be given to one of the 3000 Douglas students when they return to school, send a pdf to Heather at parlandmomnevergain@gmail.com. These letters are being collected Tuesday and Wednesday to be ready for next week. Please also go to our Satellite Sisters Facebook Group to keep up with Heather's posts. Link here: https://www.facebook.com/groups/satellitesisters/Also on today's show, we interview Shannah Compton Game, an award-winning millennial financial strategist, Certified Financial Planner and host of the podcast Millennial Money. Lian has some questions about how to help her millennials gain financial independence. Plus, Liz has a new dog. And she rebranded him slightly. No longer Hoover. Say hello to Hooper! For details on our Stay Noisy event on March 18 at the Santa Monica Public Library, go to Events on our Satellite Sisters Facebook Page.For great Satellite Sisters gifts, visit our online shop, go here. To subscribe to Satellite Sisters on Apple Podcasts, click here. To subscribe to Satellite Sisters on Stitcher, click here.To find Satellite Sisters on Spotify, click here. The complete Satellite Sisters podcast audio archive is here. Don't forget to subscribe to Satellite Sisters Talk TV if you want to listen to Lian and Julie's TV recaps of CBS drama Madam Secretary and PBS Poldark recap Pol,Dark and Handsome. Today's sponsors are:Molekule.comThrive MarketBeachbody On Demand: Text sisters to 303030
Shannah Compton Game joins Jefferson Graham on Talking Tech to discuss her daily podcast, offering ways to save money for investments and travel.
Should you invest? How should you pay off your loans? What do you really need in your savings account? Shannah Compton Game, financial expert and host of Your Millennial Money podcast, has the answers.
Should you invest? How should you pay off your loans? What do you really need in your savings account? Shannah Compton Game, financial expert and host of Your Millennial Money podcast, has the answers.
They are savvy, independent, skeptical and far more fiscally conservative than some might think. This week we were joined by Certified Financial Planner and Podcaster Shannah Game. We discussed the millennial mindset, student loans and much more. To learn more about Shannah: www.yourmillennialmoney.com To learn more about Houston Money Week 2016 visit: www.houstonmoneyweek.org You can keep up to date with the ACA changes at : www.houstonfirstfinancialgroup.com then click health insurance or to compare different plans in Texas, check subsidies and enroll go to my site at: https://www.healthsherpa.com/?_agent_id=christopher-hensley Personal Finance Cheat Sheet Article:http://www.cheatsheet.com/…/how-schools-can-improve-their-…/ Financial Advisor Magazine Articles: http://www.fa-mag.com/…/advisors-stay-the-course-amid-monda… http://www.fa-mag.com/…/on-it-s-80th-anniversary–advisors-… You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #KPFTHOUSTON #ShannahGame