Money, Money, Money
05/11/20 • 27 min
According to Business Insider, only 24% of Millennials are financially literate. Meaning that Millennials struggle to understand the basics of personal finance. For this reason, Darius and Kirsten had a conversation with a financial advisor who gave his two cents on all things money.
SHOW SUMMARY:
[2:17] Emergency Funds - how much you should have saved
[4:11] The importance of investments
[8:50] How to increase your credit score
[12:00] 401K - how much you should save each pay cycle
[16:00] How to prioritize your personal finance goals
[19:22] 50-30-20 rule
[20:25] Why you should sit down with a financial advisor
EPISODE QUOTE: "The difference between [Millennials] and everyone else is that we have the conscious mind of wanting better and knowing better. We're relentless in pursuit of our goals."
Would you like to chat about your personal finances with Theo? Connect with him on LinkedIn here.
Want to keep up with the Norwoods and All Things Career? Be sure to head to the website and subscribe to our newsletter. Don't worry, we won't spam you or share your information.
➡️ https://norwoodandco.com/allthingscareer
Connect with Kirsten on LinkedIn: https://www.linkedin.com/in/kirsten-norwood-2a4ab580
Connect with Darius on LinkedIn: https://www.linkedin.com/in/dariusnorwood
Let us know if you’re a fan of the show so we can shout you out on an upcoming episode!
According to Business Insider, only 24% of Millennials are financially literate. Meaning that Millennials struggle to understand the basics of personal finance. For this reason, Darius and Kirsten had a conversation with a financial advisor who gave his two cents on all things money.
SHOW SUMMARY:
[2:17] Emergency Funds - how much you should have saved
[4:11] The importance of investments
[8:50] How to increase your credit score
[12:00] 401K - how much you should save each pay cycle
[16:00] How to prioritize your personal finance goals
[19:22] 50-30-20 rule
[20:25] Why you should sit down with a financial advisor
EPISODE QUOTE: "The difference between [Millennials] and everyone else is that we have the conscious mind of wanting better and knowing better. We're relentless in pursuit of our goals."
Would you like to chat about your personal finances with Theo? Connect with him on LinkedIn here.
Want to keep up with the Norwoods and All Things Career? Be sure to head to the website and subscribe to our newsletter. Don't worry, we won't spam you or share your information.
➡️ https://norwoodandco.com/allthingscareer
Connect with Kirsten on LinkedIn: https://www.linkedin.com/in/kirsten-norwood-2a4ab580
Connect with Darius on LinkedIn: https://www.linkedin.com/in/dariusnorwood
Let us know if you’re a fan of the show so we can shout you out on an upcoming episode!
Previous Episode
We Need to Talk
Now that we have more quality time to connect with our partners, this is the perfect opportunity to cultivate our communication and listening skills in our relationship.
The First Cup Podcast hosts, Kirsten and Darius, who are newly engaged, had the dreaded, “We Need to Talk” conversation on this episode. The Talk, which was used in episode 5, is a question card deck created to guide a couple's conversation and help uncover the beliefs, motivators, and values of one another.
SHOW SUMMARY:
[1:17] The Talk
[2:15] Q1: I wish you would stop ______.
[5:30] Q2: Name one thing you would change about me to make us better.
[7:23] Q3: What is the most you should spend without consulting your partner?
[8:44] Q4: Which area of your life are fiercely and intentionally driven to win in?
[10:54] Q5: Describe your childhood. How was it impacted who you are in our relationship?
EPISODE QUOTE: "We're better together."
The Talk can be purchased here.
Want to keep up with the Norwoods and All Things Career? Be sure to head to the website and subscribe to our newsletter. Don't worry, we won't spam you or share your information.
➡️ https://norwoodandco.com/allthingscareer
Connect with Kirsten on LinkedIn: https://www.linkedin.com/in/kirsten-norwood-2a4ab580
Connect with Darius on LinkedIn: https://www.linkedin.com/in/dariusnorwood
Let us know if you’re a fan of the show so we can shout you out on an upcoming episode!
Next Episode
How to Live a Purpose-Driven Life
Entering the real world or "adulting" is one of the most jarring life experiences a Millennial can face. In fact, 1 in 2 recent college graduates said they lost themselves after college.
One of the best ways to find yourself is to find your purpose and you can find your purpose by hearing stories from those who have it somewhat figured out. In this episode, Darius and Kirsten talk with a purpose-driven expert, Juanita Ingram.
SHOW SUMMARY:
[3:00] Author, Actress, and Attorney - how?
[5:05] Quality over Quantity
[6:20] FWD - Foundation, Work Ethic, Discernment
[11:45] How to Find your Purpose
[13:13] Advice for high-achieving Millennials
EPISODE QUOTE: "There is power in understanding the journey of others to help create your own." -Kobe Bryant
Are you ready to live your purpose-driven life? Click here for your FREE purpose self-reflection exercise.
Connect with Juanita Ingram here.
Want to keep up with the Norwoods and All Things Career? Be sure to head to the website and subscribe to our newsletter. Don't worry, we won't spam you or share your information.
➡️ https://norwoodandco.com/allthingscareer
Connect with Kirsten on LinkedIn: https://www.linkedin.com/in/kirsten-norwood-2a4ab580
Connect with Darius on LinkedIn: https://www.linkedin.com/in/dariusnorwood
Let us know if you’re a fan of the show so we can shout you out on an upcoming episode!
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