• The Struggle is Real: Tips for Mastering Money in Your 20s

  • De: Justin Lee Peters
  • Podcast

The Struggle is Real: Tips for Mastering Money in Your 20s  Por  arte de portada

The Struggle is Real: Tips for Mastering Money in Your 20s

De: Justin Lee Peters
  • Resumen

  • This show is for 20-somethings who don't want to spend their whole life worrying about money. Have you ever asked yourself, “If money wasn’t an issue, what would I do with my life?” If not, think about it because you’ll need an answer sooner than you think, but my guess is, you have. You’ve thought about an alternative career path, starting your own business, or spending more time developing your hobbies but the major factor holding you back is money. I want to solve that problem for you. On the show, we’ll answer questions like: *What are the best investment strategies for early retirement? *How much money do I need to retire early? *How do I negotiate a higher salary or raise at my current job? *What are some profitable side hustle ideas I can start today? *What are the best strategies for budgeting and managing my money? *What frugal life hacks can make everyday purchases more affordable? *How can I withdraw funds from retirement accounts penalty-free before the traditional retirement age? *What are some long-term strategies for building wealth and financial security?
    Copyright 2020 All rights reserved.
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Episodios
  • Use Flow State to Achieve More and Accelerate Your Financial Goals | E145 Justine Elizabeth
    Jul 17 2024

    Whether you consider yourself a writer or not, you’ve been asked to write before. This could be an essay for school, an email at work, or a caption for a post. Sometimes when we are writing, we have a complete brain fart. No matter how hard we try, the words aren’t coming out. We write a sentence and delete it. We start writing another sentence, get halfway through it, and give up entirely.

    Then other times, we sit down to write and the words effortlessly flow onto the page. Your thoughts are coming together nicely and you feel so focused.

    You may have heard this term before but psychologists call this flow state. Signs of a flow state include focus, enjoyment, and persistence. You can be in flow while playing sports, reading, gardening, and many other activities.

    Flow can be beneficial whenever it comes to work. It can help you accomplish challenging tasks, accelerate learning, and experience fewer distractions. All of these characteristics are important for being a high performer.

    But can we put ourselves into a flow state rather than just relying on in-the-moment energy? Luckily there is and my friend Justine Elizabeth is here to share how we can do that. Justine is a Flow Coach who makes flow trainable so you can reach new heights without burning out.

    I was a little skeptical about flow training. Of course, I’ve experienced flow states in the past but I was unsure if it was truly trainable. But as someone who is always looking to step up my performance both with work and my hobbies, I had to dive in and learn more about it. I should have never doubted her but I was pleasantly surprised with what I learned from Justine and I’ve already implemented her tips to enter a flow state whenever I know I have an important task to finish.

    Justine is a student of this craft. I think she is a perfect teacher to introduce you to the power of Flow.

    Key Takeaways:

    • What is flow?
    • Benefits of flow
    • The flow cycle
    • Examples of flow aids and ailments
    • How to more easily achieve a flow state
    • Differentiating between a productive flow state and unhealthy overwork


    More of Justine:

    Website: https://theflowcodes.com/

    Instagram: https://www.instagram.com/theflowcodes/


    More of The Struggle is Real:

    Find show notes and more at https://www.tsirpodcast.com/

    Follow us on Instagram at https://www.instagram.com/tsirpod/

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    44 m
  • Why Are We So Weird When It Comes to Money | E144 Paco de Leon
    Jul 3 2024

    Humans are weird whenever it comes to money. We drive five miles out of the way to save a few cents on gas. We buy things we don’t need because they’re on sale. We don’t ask for a raise although we’ve been working hard at the same place for years.

    We all have irrational behaviors when it comes to money and a lot of this has to do with psychology. Common biases impact our ability to make logical decisions. You’ve probably heard of a couple of these biases before. Some examples include the sunk-cost fallacy, anchoring, mental accounting, the status quo, and the bandwagon effect.


    Although we’ll never be able to truly rid ourselves of these biases, there are practices that you can put into place to make more rational decisions.


    My friend Paco de Leon is on the show today to talk about some of the reasons why we do the things we do and she’ll share exercises you can do to recognize and recover from situations that are impacting how you think and behave when it comes to money.


    Paco is the perfect partner to have this conversation with because she is thinking and talking about this subject all of the time. She is the host of Weird Finance, a podcast for creatives who are looking for explanations of complex financial concepts in a friendly, approachable way.


    I know you’re really going to enjoy this one so buckle up. I hope you enjoy my conversation with the 1st gen immigrant, TED speaker, and founder of The Hell Yeah Group…Paco de Leon.


    Key Takeaways:

    • Why we are built to pay attention to scarcity and how that impacts our relationship with money
    • How we can make better decisions by understanding our window of tolerance
    • Curbing impulse buying with the $100 buy list
    • Enjoying simplicity
    • How to get comfortable with money
    • Mine Yours and Ours budget


    More of Paco:

    Podcast - Weird Finance: https://thehellyeahgroup.com/weird-finance-listen-now

    Book - Finance for the People: https://thehellyeahgroup.com/finance-for-the-people


    More of The Struggle is Real:

    Find show notes and more at https://www.tsirpodcast.com/

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    46 m
  • Work Optionality: A Different Way to Imagine at FIRE | E143 Rachael Camp
    Jun 19 2024

    Work optionality is the idea that you work because you want to, not because you have to. As you’re listening to this in your 20s, this concept might seem like a pipe dream. That’s truly fair. Most of us don’t have this luxury. We are building wealth, along with just paying our bills, and it takes income to do that.

    But this idea might not be as far away as you think. Regardless of your timeline, as your wealth grows even before you hit financial independence, I think you should be itching closer to a life designed by you, not your employer or clients.


    This might include changing your hours, taking more time off work, participating in mini-retirements, pivoting careers, or starting a business.


    This is an idea that Rachael Camp, Founder of Camp Wealth, is routinely discussing both online and with her clients. And I asked her to come on the podcast to do the same. Rachael is a financial planner who helps young professionals maximize their money for financial freedom. She has also redesigned her life over the last few years and she told me it feels way more aligned.


    In this episode, we break down the nuance between traditional FIRE and work optionality. Rachael shares steps you can take to start progressing towards a work-optional life and she shares questions to ask yourself to uncover what that life would truly look like. Also at the end of the episode, I ask Rachael to break down some of her most popular tweets from the last month.


    This is a really fun, wide-ranging conversation and you can probably tell, I had a lot of blast getting to know Rachael.


    So if you’re ready to do the same, let’s get into it. I hope you enjoy my conversation with the former Hoosier turned Denverites…Rachael Camp.


    Key Takeaways:

    • The difference between traditional FIRE and work optionality
    • Important questions to ask yourself to get closer to your ideal life
    • Rules to help you spend more
    • Why you should take more risks in your 20s
    • How to make a plan for your money


    More of Rachael:

    YouTube: https://www.youtube.com/@CampWealth/videos

    Website: https://www.rachaelcampwealth.com/


    More of The Struggle is Real:

    Find show notes and more at https://www.tsirpodcast.com/

    Follow us on Instagram at https://www.instagram.com/tsirpod/

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    48 m

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