It Doesn't Make Cents

Auteur(s): Sarah Li-Cain and Miranda Marquit
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  • Résumé

  • Are you REALLY doing money wrong? Good news: you aren’t doomed to a lifetime of financial failure because you aren’t saving to buy a house, buy a TV with a credit card, or have student loan debt. Get away from all the “supposed-tos” and stop beating yourself up over perceived mistakes. Sarah Li-Cain, AFC® and Miranda Marquit, MBA, are ready to debunk prescriptive money rules and inject a little nuance into your financial life. This season, we’re talking about the common misconception that debt is ALWAYS bad. We’ll dive into ALL THE THINGS. You don’t have to pay that mortgage off early. Go ahead and finance that car. We’ll also tackle the controversial aspects of debt. How much social debt are you carrying around? Are you really immoral if you have your student loan debt forgiven? We promise corny jokes alongside a whole lotta facts. We might even rant a little. Plus, we’ll show you how to use what you’ve learned to get your money to work best for YOU—no matter what some finance bro says. Let’s talk about how money might not be what you think—and how you can use it to create the life you want.

    itdoesntmakecents.substack.com
    Sarah and Miranda
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Réussite Économie
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Épisodes
  • Should you bust your butt to maximize your earning potential?

    Should you bust your butt to maximize your earning potential?
    Nov 26 2024

    We’ve talked a lot about hustle culture and the grindset bros and girl bosses who drive the narrative that time is money and you must be productive all day, every day. But is being a workaholic really the way to make all the money?

    In this episode, we discuss how you don’t always have to be productive and how sometimes it’s okay just to do something because you enjoy it and not because it makes you money.

    Topics covered in this episode on finding time to NOT be productive

    * The “time is money” concept and the reality behind exchanging time for money

    * “Passive” income and what that means

    * The horribleness that is feeling that you have to monetize everything you do

    * Why you don’t have to “maximize” your time to be successful

    * The fact that minimum wage workers often work harder than others and the reality that many people need side gigs to survive

    * Tips for breaking out of the productivity trap

    * Understanding “enough”

    * Using values-based spending to require less

    * How to use self-care effectively without breaking the bank

    Sources used for this episode on sticking with your “real” job

    * How Toxic Productivity Can Affect Chronic Illness

    * Information on the negative impacts of toxic productivity from the Newport Institute

    * Drexel University’s report on how minimum wage isn’t enough for most people to live on

    * MIT’s living wage calculator

    * Miranda’s article on how hard you have to work earning minimum wage

    * Information from Civic Science about how many more people are taking on side hustles

    * Sarah’s Substack, Search For Enough

    * Why Do I Feel Guilty When I Relax?

    * American Heart Association article on self-care

    * Self Care: What It Is and What It Is Not

    Our financial resource

    Consider checking out our friend Kara’s website Bravely Go. She talks a lot about sustainable finance, values based spending, and taking care of yourself in this late-stage capitalist hell. Also consider reading the book Laziness Does Not Exist.

    * Sarah Li-Cain

    * Miranda Marquit



    Get full access to It Doesn't Make Cents at itdoesntmakecents.substack.com/subscribe
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    37 min
  • There's no ladder to climb

    There's no ladder to climb
    Nov 19 2024

    A friend recently walked off a job that pays fairly well for this area because the work environment was toxic and he wasn’t getting the time and flexibility he needed to be with his son. In fact, an MIT Sloan Management Review survey from 2022 pegged a toxic work environment as the number one indicator of people leaving during the Great Resignation.

    You don’t need to stick with the traditional career path, staying with a job for two to three years—or longer. There are a number of interesting ways to change things up and get a little more from your life and work without following a prescribed path.

    Topics covered in this episode on nontraditional work arrangements

    * How exhausting the corporate ladder can be

    * General feelings about burnout

    * The reality that you could lose your job at any time—it’s not more stable than freelancing or being an entrepreneur

    * Life also contributes to burnout

    * Building an FU fund and concerns about having to do what you must in order to survive

    * Alternatives to sticking with a traditional job

    * Sabattical or mini-retirement

    * Part-time work

    * Barista FIRE

    * Job hopping and how it can lead to better jobs and better pay

    * The realities that you need to plan ahead, especially for healthcare, if you want to take an unconventional approach to work

    * Acknowledgement that it requires resources to take advantages of these alternatives

    Sources used for this episode on sticking with your “real” job

    * The SHRM’s survey results on burnout

    * Whistleblower story referenced by Sarah

    * Jillian Johnsrud talks with Forbes about mini-retirements

    * Read about choosing a part-time job to help with Slow Fi

    * Money Flamingo explains Barista FIRE

    * Using job hopping to increase your salary

    * Experian offers insight into state requirements for unemployment for seasonal and part-time work

    Our financial resource

    This article on job hopping from Indeed offers a look at the pros and cons of job hopping, plus provides helpful information on deciding when to leave a job and gives concrete tips for successful job hopping.

    Consider supporting us by upgrading to a paid subscription here (so we can continue to keep doing this work)

    Subscribed

    Or, for a one-off donation, buy us a refreshing beverage on Ko-fi.

    And make sure you check out our websites as well:

    * Sarah Li-Cain

    * Miranda Marquit



    Get full access to It Doesn't Make Cents at itdoesntmakecents.substack.com/subscribe
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    24 min
  • It’s ok to keep your 9-to-5

    It’s ok to keep your 9-to-5
    Nov 12 2024
    We hear it all the time from hustle bros and entrepreneurial gurus: the only way to live your best life is to quit the 9-to-5 ASAP and build your own business empire. Otherwise, you’ll die sad and alone and probably poor as well.It’s easy to disparage the “traditional” job. We talk about escaping the rat race and finding financial freedom. In this episode, we talk about how even though the regular career path can be tedious at times and even lead to burnout, you don’t HAVE to quit your 9-to-5 to have a good life and build wealth.Topics covered in this episode on keeping your 9-to-5* We talk about hustle culture and how it can be toxic* There are risks that come with quitting a 9-to-5 and you need to think about them* Consider the fact that starting a business can take a lot more time than you think* Are you prepared for the stress it might put on your family?* Not everyone wants to be an entrepreneur, and that’s just fine* We talk about how you can build wealth while working a 9-to-5* Sometimes even having a business and doing entrepreneurship looks suspiciously like a “real” job* Consider adding a side hustle to your 9-to-5 if it fits your goals and objectives* If you decide to transition away from a 9-to-5, be intentional about it and plan ahead* Acknowledgement that there are issues with a W2 job and that you could easily lose that as quickly as you lose income from a freelance business or entrepreneurial ventureSources used for this episode on sticking with your “real” job* Small business failure rate as reported by Lending Tree* Collected data on how much small business owners work* As promised, the essay from Judy Brady (Syfers): I Want a Wife* Use the Investor.gov calculator to estimate your potential earnings through investing* Miranda’s post on HSAs on her website, as well as something she wrote for Money Talks News* Article on the value of employee benefits from Nerdwallet* Listen to this great episode from Buzzsprout with Sarah about her transitions from teacher to freelancer and what that decision-making process looked likeOur financial resourceHustle culture is steeped in toxic productivity. Before you decide to use it as a way to escape your current woes, take a step back. Our friend Tiffany Grant has a great look at hustle culture, its pros and cons and how it can lead to burnout. Consider supporting us by upgrading to a paid subscription here (so we can continue to keep doing this work)SubscribedOr, for a one-off donation, buy us a refreshing beverage on Ko-fi.And make sure you check out our websites as well:* Sarah Li-Cain* Miranda Marquit Get full access to It Doesn't Make Cents at itdoesntmakecents.substack.com/subscribe
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    34 min

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