Connecting the Dots on Money & Career: Recent Episodes
Genevieve & Danielle
Two life-long best friends, and experts in career development and personal finance, have always discussed tough money and career questions with each other. Now, Danielle and Genevieve are letting you listen in to get all of the best tips. This podcast is for you if you want to level up your career and money and achieve all of your most ambitious goals.
Danielle and Genevieve give rapid-fire questions to one another's personal finance and career questions (and quick answers) for the last episode of Season 2.
Some of the questions we cover in this episode:
- What should you do financially with a holiday bonus?
- What are the first things you should do if you're laid off?
- What do you do if you can't get ahold of your HR team?
- At what point should you hire a financial advisor?
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Do you have a high income but still feel like you have no money at the end of your paycheck? This week, Danielle analyzes the budget of someone making $350,000 and the changes they need to make to get financial healthy.
Genevieve discusses a career situation that's all too common - you accept a new job, but your current employer changes their mind about a major issue you had with the company. If your company is considering Return to Office, this one's for you!
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/notmadeofmoney/message
Ever been looking for a new job, just to hear that you're finally being promoted? Genevieve gives us ALL the things to consider when deciding whether to keep looking or to gleefully accept the promotion. This answer isn't black and white - this one is a must-listen!
With US inflation up over 8% year-over-year, what switches should you make in your investment portfolio? Danielle discusses the simple changes she's made to help edge inflation. P.S. It doesn't mean selling all of your stock positions!
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/notmadeofmoney/message
You want to save 20% for retirement, but how can you determine this if retirement contributions come out automatically from your paycheck? Danielle breaks down the 5 simple steps it takes to look at your paycheck and figure it out.
A listener wants to know - should I negotiate for $5,000 more even if I already talked to HR about the salary range? Genevieve gives us the HR perspective on when to negotiate and what you should consider before having the conversation.
Danielle's steps to figuring out your savings rate: 1. Know your base salary and the amount of $ taken out for retirement. 2. Look at paycheck and see what your take-home pay is monthly post tax & retirement contribution 3. Calculate 20% of the number you have found in #2 4. Subtract what you automatically save (#1) from what you need to save (found in #3) 5. If you want to see what % that is, then take the answer from #4 and divide it by #2!
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/notmadeofmoney/message
If you are wondering how to reduce your income to the IRS and lower your tax burden, Danielle discusses 3 simple strategies to leave more money in your pocket. She saves about $10,000 annually in taxes by employing these strategies!
Already interviewing for a new job even though you've only been in your current job for 6 months? Genevieve shares interview tips to ensure you land the job.
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/notmadeofmoney/message
You just put in your two weeks' notice, but your employer wants you to leave your job before your notice is up. Did you do something wrong? Genevieve lets us all in on whether this is a bad sign or just a normal HR practice.
A listener wants to know - how do you fit planning for future children into your budget? Do you cut back retirement savings? Where do kid expenses fit into a budget? Danielle lets us in on where her kid expenses fit into her budget and another option to make it all work.
Links discussed in the show: No, you aren’t required by law to give two weeks’ notice when quitting a job by VerifyThis.com & What to Know About Pay When You Give 2 Weeks Notice by The Balance
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/notmadeofmoney/message
The coincidental question of whether taking out student loans for college is worth it...well, is it? Is trade school a better option?
Danielle discusses the financial implications of either decision. Similarly, Gen provides guidance on whether quitting school with 20 credits to go is worth it to pursue a trade instead. Should you follow money or your passion? We debate it in this episode.
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/notmadeofmoney/message
This Tuesday's episode will be a bit delayed - stay tuned for updates later this week!
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If you are struggling to stop impulse spending, Danielle shares the secret to taking control back... budgeting! Unlike other financial gurus, her advice is simple - save first, then it doesn't really matter what you buy. Nervous to get back out there and interview after being laid off? Genevieve lets us know that layoffs are common and HR managers do not really care as much as we think they do. Turn your worry into a strategy to land the next job!
Link to getting an online savings account to keep your savings & checking separate. *Get an extra 1% APY for 3 months using this code to sign up: https://www.marcus.com/share/DAN-YFD-8SRR"
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/notmadeofmoney/message
Genevieve and Danielle are back and discuss two hot button issues.
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Should you leave an interview if the Recruiter doesn't reveal the salary expectations after asking? Tune in if you are in any industry with high demand for your skills!
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Everyone always says renting is throwing away money. But, is it? Danielle talks the decision to buy a condo vs. renting and the budget considerations before doing any large financial purchase.
Link discussed in the show: How much "house" can you really afford? Work backwards by entering the monthly payment you are comfortable spending in this calculator: https://www.chase.com/personal/mortgage/calculators-resources/affordability-calculator
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/notmadeofmoney/message
New season, new name, and new format
What do I need to think about when taking a parent off my credit card? Danielle discusses what impacts your credit score and how important credit age is for young borrowers. In career advice, Genevieve answers the too-common question of what to do when you are bored and overlooked at work.
Have a question you'd like answered on the podcast? Email us at notmadeofmoneypodcast@gmail.com, DM us at @talkmoney_tome or @justaskgenevieve on Instagram or leave us a voice message on Spotify at https://anchor.fm/connecting-the-dots-pod/message
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/notmadeofmoney/message
Danielle walks us through the investing platforms she actually uses and discusses the highlights with Genevieve. She gives all of the details on her favorites, including the one she thinks is the simplest for most investors. Stick around for an important announcement and bloopers reel at the end!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Genevieve has exciting job news to share and we discuss whether finding a job you're passionate about is the most important for your happiness.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Genevieve goes over popular reasons for leaving your job, but also what you may be able to do before you leave. These suggestions will help you get the new challenge you're looking for, understand the limitations at your current job, and find meaning in your work.
Self-reflection questions discussed in the episode:
- WHY do I feel dissatisfied?
- Is it something I can control?
- Is it something I can influence?
- If I leave my job/company, will it change my circumstances?
- Have you shared your concerns/dissatisfaction with your manager or HR?
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Danielle and Genevieve go back to money and career 101 with tips to fine tune your budget, resume and LinkedIn. Even if you feel great about these, revisiting them will help make sure you are set up for success. Also, if you are considering college (or going back) Danielle breaks down how to think about the decision to take out student debt.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Does the stock market dropping and inflation increasing have you worried? Danielle breaks down the changes she is making to her portfolio right NOW - advice for beginners and pros alike! And in careers, we have our first guest, Lindsey, an HR Manager in the manufacturing industry. Genevieve and Lindsey cover exactly how to bounce back when things go wrong at work, from email typos to turning around a tense working relationship.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
This week, Danielle explains how even a $2,000 raise, if invested, can grow to over $500,000 towards your retirement. If you’re still not convinced to ask for that raise after this episode, we’d be shocked. This is the second of a 2-part episode on negotiation.
Key timestamps:
15:55 - shows how much a $2,000 raise can turn into in 37 years
19:15 - shows how much a $10,000 raise will be in 25 years (high-earners and mid-career folks, this is for you!)
With prices rising and labor shortages, who doesn’t want to ask for a raise? Genevieve breaks down the when, the what, and the how of negotiation. Beyond salary, there are many other benefits that you didn't even know you could negotiate for!
This is the first of a 2-part episode on negotiation. The next episode is on the long-term financial impacts of a salary bump.
Links discussed in the episode for salary research:
Payscale - https://www.payscale.com/research/US/Country=United_States/Salary
Salary.com - https://www.salary.com/research
Levels.fyi - https://www.levels.fyi
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Danielle and Genevieve share their backgrounds, while also letting you in on Genevieve’s Great Resignation story spurred by some bad health news. Genevieve is a career and HR expert, but she is now part of the 38M Americans who left their job in 2021.
High-yield savings accounts and praise folders are quick, easy fixes to start the new year.
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app