Rank #1: Four Keys to Successful Budgeting - FWS009
A budget does not restrict your spending - your income does.
Whether you make $4k a month of $100k a month - you can only "spend" what you have or you will go into debt.
Note: I consider putting money into savings or retirement another form of "spending"
Coach Justin joins us to discuss the 4 Keys to successful budgeting:
- Updated our budget
- Balanced our budget
- Discussed it with our spouse
- Live on it (follow the plan)
Schedule your free consultation with one of our expert Financial Wellness Coaches http://FinancialWellnessShow.com/contact
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Feb 05 2015
Rank #2: Most Overlooked Area of a Household Budget - FWS017
Coach Jeremy tells us about the Dataman app, budget billing, and how to avoid getting caught short when the air conditioning bill skyrockets in July.
For a full list of show notes or to schedule an initial consultation (free), visit http://FinancialWellnessShow.com/17
Schedule a free initial consultation http://FinancialWellnessShow.com/coaches
Jun 01 2015
Rank #3: Reach your goals by being SMART - FWS003
Getting what you want out of life means having a plan. The best way to accomplish goals is to make them SMART
Coach Jeremy shows us how SMART goals work
To contact Coach Jeremy or any of our respected Financial Coaches visit http://FinancialWellnessShow.com/coaches
Nov 26 2014
Rank #4: From Rags to Riches - FWS029
To win with money you need to:
- Be born into a family where wealth abounds
- Be talented, beautiful, and live in a good neighborhood to get ahead in life
- Earn a 4-year degree in finance or you’ll never have financial wellness
These statements, of course, are not true.
One of our Financial Wellness Coaches came from a background of poverty. He knows well enough what it’s like to live on food stamps and today he shares his story of rags to riches, well - at least riches in a “no longer living paycheck-to-paycheck” kind of way.
Our financial coaches are not all CFPs or have bachelor degrees. It doesn’t take higher education to achieve financial wellness. But it does take knowledge and often requires help.
Contact us for a free consultation. There is no hard sale, we just want to know where you are and how we can help you. If you decide to move forward, our prices are right there on the website. Coach Connections, the parent of the Financial Wellness Show, is here to serve you.
Nov 17 2015
Rank #5: Saving For Retirement Later In Life - FWS026
Last year, a survey from the non-profit Employee Benefit Research Institute showed 60 percent of working-age survey respondents reported having less than $25,000 saved.
The numbers are similar among retirees surveyed: 58 percent have less than $25,000 on hand, and 29 percent have less than $1,000 saved.
The topic of saving for retirement certainly isn’t a new one - I remember hearing about it back when I was 20 years old - and that was more than a quarter century ago (I’ll let you do the math on my age).
So I have to ask: What is the cause of so many retirement accounts being so low?
- The stock market
- Financial Education in schools
I would say it's a little of all of the above, but for the most part the responsibility of financial education falls on the shoulders of us - the individual.
I have to thank you for taking it upon yourselves to dial in to our show and listen to the stories of success, failure, and just plain wisdom that comes from life experiences.
I’d like you to meet Coach Jim. He is a hard worker, brilliant man, the most gentle caring person you will ever meet - yet the function and purpose of a 401(k) plan wasn’t explained to him when he went to work for a big company many years ago.
Whose fault was it that Jim and his wife didn’t understand the benefits - and proper use - of the 401k?
It was theirs.
But they also took the responsibility to solve the problem by learning how money really works, hunkering down and doing the hard work, and controlling the money from the beginning to spend.
If you’d like to learn about various investment options available to you as an individual, give our office a call. Allow us to look over your company’s benefits plan and teach you about the benefits of a 401k or Roth IRA or pension plan.
Visit our group, Coach Connections, and click on “Free Consultation” to be paired up with one of our expert coaches at http://FinancialWellnessShow.com/Coaches
You have more time than you think. It’s never too late to start.
Oct 06 2015
Rank #6: 100% Debt Free - NOW WHAT? - FWS031
Listen in on a real coaching conversation with Coach Christine.
She is helping Coach Steve transition to the next stage: Living without a house payment!
Jump into the conversation and ask the questions you want answered http://FinancialWellnessShow.com/31
Reach out to a Financial Wellness Coach at http://FinancialWellnessShow.com/coaches
Dec 18 2015
Rank #7: The 5 Wheels of Successful Goal Setting - FWS023
Each circle in the wheelhouse focuses on one of the five major areas of our lives:
These goals are on an annual basis, but you could base them on a 10-day goal as well.
Write down your goals inside each circle. This helps to:
- Focus on what you truly want
- Stay the course
- What gets measured gets done
Coach Ashley shares her goals and how she uses the 5 Wheels of Goal Setting.
For more about Coach Ashley, or to connect with any of our expert Financial Wellness Coaches at Coach Connections, schedule a free consultation at http://FinancialWellnessShow.com/coaches
Aug 25 2015
Rank #8: Going Back To School As An Adult - FWS021
More and more adults are going back to school. It's a rising trend among professionals and those looking to expand their career field.
Our very own Coach Julia is no stranger to going back to school as an adult. She shares her experience and wisdom on the subject.Take-aways from this episode:
Coach Julia remembers wanting to quit many times. The reward of finishing and possible opportunities are what keeps her going.
Don't worry about being the oldest person in the class. You may be sitting next to the future CEO of a company that may hire you. They may have connections through networks or knowledge of career opportunities.
The most important thing is to know your "why" and - maybe more importantly - to finish.
Practical things to do before going back:
- Get the family's buy-in - their support is extremely important
- Decide on the type of education (degree, certification, completion)
- Consider the options for learning on-campus, online, or at a trade school
- Is it a semester course? 5-week class? Nights or weekend classes?
There are differences between learning style and learning environment. Location doesn't matter as much. The most important thing is to finish.
Be prepared to spend more than the initial cost for indirect fees
Be prepared for things to interrupt your studies
Be prepared for live events to get in the way of your schedule
Jul 27 2015
Rank #9: Make Money, Live Wealthy with Austin Netzley - FWS008
Mindset is important to the wellness of our money. Austin Netzley joins us to share what he learned by interviewing more than 70 experts in the financial industry - and he wrote a book around it.
Your ability to build wealth isn’t a money problem, it’s a priority problem @AustinNetzley http://FinancialWellnessShow.com/08
Jan 21 2015
Rank #10: Teach Children To Save with Tom Corley - FWS013
Tom Corley has written two book: Rich Habits and Rich Kids. Both are full of great information and can be found at his website: http://RichHabits.net
Today he joins us to talk about teaching children the rich habit of saving and spending wisely - or learning from bad purchases.
Get your finances in order while teaching your children how money really works by connecting with our Coach Connection center
Apr 24 2015
Rank #11: What it's Like to Prepare for Retirement as a Single - FWS025
We take a different look at the #1 financial concern for working Americans, Retirement.
We are going to speak with one of our Financial Coaches who Is on the verge of retiring, but in a different way than most - she's doing it single.
While her situation may not be the same as the one you think you’ll be in when you decide to stop working and live on your assets, we don’t know what the future holds.
So if you are married, divorced, widowed, or single, I think you are going to find today’s topic - retiring single - rather enlightening and informative.
To find out more about hiring a Financial Wellness Coach, schedule your free consultation here: http://FinancialWellnessShow.com/coaches
Sep 22 2015
Rank #12: How To Get a Reluctant Spouse On Board
How do you get a reluctant spouse on board?
Coach Justin shares some startling statistics about money and marriage.
60 percent of married couples partially mix their money, 30 percent keep separate checking accounts, and only 10 percent keep everything together.
Is there a correlation or is this causation?
Listen to Coach Jeremy discuss the benefits of sharing a bank account and how to get a reluctant spouse on board.
To get one-on-one help or couple's financial counseling, contact a Financial Wellness Coach http://FinancialWellnessShow.com/findacoach
Dec 23 2014
Rank #13: How and When To Pick An Investment Advisor - FWS022
Many people make investment decisions with their money before sufficiently preparing.
Coach Mary has been involved with the investment industry for many years. She now focuses on helping individuals get control of their money while looking forward to the future.
Download the 13 Steps To Take Before Investing Your Money
Aug 11 2015
Rank #14: TSP Retirement Plans for U.S. Miliatry and Federal Employees
What is a TSP?
Thrift Savings Plan, the Federal Government’s Retirement Plan available to Federal Employees and members of the military
It consists of few options but has extremely low costs:
G Fund = Government SecuritiesF Fund = Fixed IncomeC Fund = Common Stock S Fund = Small Capitalization StockI Fund = InternationalL Funds = Lifecycle Funds (adjusts automatically into safer investments based on the date you plan to retire)
Coach Carl explains the benefits and differences of a TSP for U.S. Military and Federal Employees.
Full show notes at http://financialwellnessshow.com/33
Jan 26 2016
Rank #15: Victory Over Homelessness, Divorce a Debt - FWS014
Coach Ahmad hasn’t had it easy, but he certainly has it good now.
It started 14 years ago when Coach Ahmad went through a divorce, chose to be homeless, and lived of ravioli and pinto beans for years. He made the decision to work his way out of debt, pay cash for everything, and turned his life around.
- Paid off all the consumer debt
- Paid for his wedding with cash
- Paid for eight cars with cash
- Is working on paying for his children’s college (and teaching them to get scholarships)
If you'd like to learn more about Coach Ahmad or connect with any of our Financial Coaches, visit http://FinancialWellnessShow.com/coaches
Apr 30 2015