The Money Baggage podcast creates a community around something that affects us all: money. Through personal stories, research-based facts, and third-party points of view, our goal is to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Hosted on Acast. See acast.com/privacy for more information.

Throughout their successful career, Gurinder attributes curiosity, hard work, and a willingness to learn as key factors in their journey. We delved into the importance of investing in oneself and why partnerships can be crucial for personal and professional growth.

We explored advice on pursuing one's passions, being honest about priorities, and how priorities may change with time. At the end of the episode, we encourage listeners to provide their feedback through email or Instagram DMs.

Timestamps:

[00:00:00] Podcast, host Jo Franco, introduces special guest: Gurinder.

[00:05:13] Small business growth brings more resources.

[00:06:52] Differences can be your superpower.

[00:11:47] Non-linear career path, quitting PhD.

[00:13:10] Career journey from manufacturing to entrepreneurship.

[00:17:11] Engineer chose finance for higher income.

[00:20:43] Union leader generated growth by retraining workers.

[00:23:34] Mentoring is fulfilling and valuable.

[00:30:18] Investing in yourself: honesty, growth, choices.

[00:37:31] Challenge and expand, calibrate, and don't quit.

[00:40:53] Challenges are blessings in disguise.

[00:42:33] Business success, self-criticism, guilt-free Vegas trip.

[00:46:16] Opportunity costs in pursuing your passion.

The Money Baggage podcast creates a community around something that affects us all: money. Through personal stories, research-based facts, and third-party points of view, our goal is to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Hosted on Acast. See acast.com/privacy for more information.

Timestamps

[00:02:43] Regretful shopping for fashion and shoes.

[00:03:05] Money guilt until job required shopping.

[00:06:46] Expensive subscriptions add up, guilty of over-buying.

[00:10:39] Retail therapy can benefit mental health positively.

[00:12:27] Stressful day, shopped in sales section.

[00:15:31] Reviving stores by adding services and more.

[00:20:42] "Cons of retail therapy: money problems"

[00:22:59] Obesity and shopping addiction in Americans.

[00:27:09] "System lures us in, self-awareness key."

[00:29:14] Journaling exercise to track spending habits.

[00:33:49] Substitute bad habits with good habits.

[00:36:59] Educational podcast, not client advice or endorsement.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Hosted on Acast. See acast.com/privacy for more information.

Welcome to Money Baggage, a financial literacy podcast to help us all unpack our money baggage! This time we're breaking down all things compound interest! We're your hosts, Jo Franco and Xavier Jarvis. Knowledge is wealth, so let's grow these money mindsets!

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Citations: 

1https://www.cnbc.com/2022/04/29/its-ok-to-not-follow-a-budget-says-a-financial-therapist.html#:~:text=While%20a%20budget%20can%20help,OppLoans%2C%20a%20loan%20servicing%20company. 

2https://www.creditdonkey.com/budgeting-statistics.html#:~:text=Only%2032%25%20of%20U.S.%20households,education%20or%20less%20do%20it. 

3https://www.nerdwallet.com/article/finance/how-to-choose-the-right-budget-system 

4https://www.thinkmoney.co.uk/blog/8-reasons-it-can-be-hard-to-stick-to-a-budget/#:~:text=We%20can%20all%20find%20it,having%20trouble%20sticking%20to%20yours.

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Citations: 1https://www.investopedia.com/articles/personal-finance/090415/cost-raising-child-america.asp 

 2https://kidcityusa.com/early-childhood-education/the-average-cost-of-daycare-a-complete-guide/#:~:text=However%2C%20one%20thing%20that%20you,%2410%2C000%20per%20year%20on%20average. 

3https://worldpopulationreview.com/state-rankings/child-care-costs-by-state 

4https://www.usatoday.com/story/money/2020/08/17/what-it-costs-to-retire-comfortably-in-every-state/42209705/ 

5https://www.seniorhomes.com/ccrc-costs/ 

6https://www.seniorliving.org/assisted-living/costs/ 

7https://www.forbes.com/sites/juliejason/2021/11/14/still-working-after-age-65-and--thinking-of-moving/?sh=4ac712c65402

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Mini-series here: https://youtu.be/PBM0iWW4nec

Citations: 

1:https://www.bestcolleges.com/research/how-many-people-have-student-loans/#:~:text=Data%20Summary,student%20loan%20debt%20in%202021.&text=In%202022%2C%209.9%20million%20borrowers,40%2C000%20of%20student%20loan%20debt.

2: https://www.npr.org/2022/08/25/1119283676/student-loan-forgiveness-debt-biden

3: https://studentaid.gov/understand-aid/types/grants/pell 

4https://www.bestcolleges.com/blog/companies-student-loans/#:~:text=According%20to%20the%20Employee%20Benefit,up%20from%2016%25%20in%202020. 

5https://www.nerdwallet.com/article/loans/student-loans/pay-student-loans-graduate-school#:~:text=Dive%20deeper%20into%20attending%20grad%20school&text=You%20can%20defer%20payments%20on,increasing%20the%20amount%20you%20owe. 

6https://www.salliemae.com/blog/unsubsidized-vs-subsidized-loans/#:~:text=What%20is%20an%20unsubsidized%20loan,responsible%20for%20the%20whole%20amount.

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Docuseries here: https://youtu.be/PBM0iWW4nec

Citations:

1https://www.ramseysolutions.com/debt/average-american-debt#:~:text=The%20average%20American%20debt%20

2https://www.cnbc.com/select/average-credit-card-debt-by-age/  

3https://www.bankrate.com/finance/credit-cards/types-of-rewards-credit-cards/ 

4https://www.forbes.com/advisor/credit-cards/history-of-credit-cards/ 

5https://mint.intuit.com/blog/credit-cards/how-do-credit-cards-work/ 

 6https://www.investopedia.com/terms/c/credit_score.asp 

7https://www.bankrate.com/finance/credit-cards/good-apr-for-credit-card/ 

8https://www.investopedia.com/terms/d/dti.asp 

9https://www.cnbc.com/select/is-the-us-the-only-country-with-credit-scores/ 

10https://www.bankrate.com/finance/credit-cards/types-of-rewards-credit-cards/#points

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Docuseries here: https://youtu.be/PBM0iWW4nec

Citations:

• https://www.bankrate.com/banking/savings/emergency-savings-report/ 
• https://www.cnbc.com/2022/01/19/56percent-of-americans-cant-cover-a-1000-emergency-expense-with-savings.html 
• https://www.cnbc.com/2022/04/29/its-ok-to-not-follow-a-budget-says-a-financial-therapist.html#:~:text=While%20a%20budget%20can%20help,OppLoans%2C%20a%20loan%20servicing%20company. 
• https://corporatefinanceinstitute.com/resources/fpa/types-of-budgets-budgeting-methods/ 
• https://www.investopedia.com/terms/c/compounding.asp 
• https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp 
• https://www.bankrate.com/retirement/how-much-do-you-need-in-savings-retirement-emergency-fund/#:~:text=Standard%20financial%20advice%20says%20you,accounts%20and%20shorter%2Dterm%20CDs. 
• https://www.cnbc.com/select/best-high-yield-savings-accounts/

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors and produced by Jo Franco. Get more free financial info here.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Docuseries here: https://youtu.be/PBM0iWW4nec

Citations:

1. https://www.ramseysolutions.com/debt/average-american-debt#:~:text=The%20average%20American%20debt%20(per,least%20some%20type%20of%20debt.&text=Let's%20pause%20a%20second%20to%20define%20deb
2. https://www.bankrate.com/personal-finance/debt/pros-and-cons-of-debt-consolidation/ 
3. https://www.wellsfargo.com/goals-credit/smarter-credit/manage-your-debt/snowball-vs-avalanche-paydown/#:~:text=The%20%22snowball%20method%2C%22%20simply,all%20accounts%20are%20paid%20off. 
4. https://www.investopedia.com/ask/answers/110614/what-are-main-categories-debt.asp#:~:text=Different%20types%20of%20debt%20include,auto%20loans%2C%20and%20personal%20loans. 
5. https://www.investopedia.com/articles/pf/12/good-debt-bad-debt.asp#:~:text=Debt%20can%20be%20considered%20%E2%80%9Cgood,your%20long%2Dterm%20financial%20health.

Hosted on Acast. See acast.com/privacy for more information.

The Money Baggage podcast creates a community around something that affects us all: money. Through the use of personal stories, research-based facts, and third-party points of view, it is our goal to ease the immense pressure of having conversations about money. 

This podcast is sponsored by Hightower Advisors https://hightoweradvisors.com/ and produced by Jo Franco.

The hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions on Jo's DMs, Instagram and subscribe on YouTube.

Watch Jo's Money Docuseries here: https://youtu.be/PBM0iWW4nec

Citations:

1. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://d3f7q2msm2165u.cloudfront.net/aaa-content/user/files/Files/NGPFAnnualReport_2022.pdf 
2. https://www.cnbc.com/2022/04/22/nearly-25percent-of-us-students-have-access-to-personal-finance-education.html 
3. https://www.investopedia.com/articles/07/roots_of_money.asp#toc-first-official-currency-is-minted 
4. https://rightasrain.uwmedicine.org/life/relationships/scarcity-mindset#:~:text=A%20scarcity%20mindset%20is%20when,and%20increases%20jealousy%20and%20stress. 
5. https://hbswk.hbs.edu/item/more-proof-that-money-can-buy-happiness 
6. https://www.cnbc.com/2022/04/06/americans-think-parents-should-teach-kids-about-money-yet-many-dont.html#:~:text=Yet%20many%20don't%20actually,the%20survey%2C%20conducted%20by%20Momentive.

Hosted on Acast. See acast.com/privacy for more information.

This podcast is sponsored by Hightower Advisors to spread financial literacy, for more visit https://hightoweradvisors.com/.

The show was produced and edited by Jo Franco, the hosts are Jo Franco, content creator and founder of JoClub, and Xavier Jarvis, Communications Specialist at Hightower Advisors.

Submit your money baggage questions by sending Jo a DM on Instagram and subscribe on YouTube

Hosted on Acast. See acast.com/privacy for more information.