JW’s Financial Coaching Podcast Lesson #130-Do your friends influence your finances?

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  • Does who we hang out with impact our finances?
  • Keeping up with the Jones’s is pressure we put on ourselves
  • How negative influences impact our finances
  • How positive influences impact our finances
  • Quote of the lesson from Jim Rohn

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JW’s Financial Coaching Podcast Lesson #129-When to work with an advisor and when to invest by yourself

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  • When to invest yourself and when to have the help of an advisor
  • Why invest yourself?
  • Why to enlist the help of an advisor
  • How an advisor can pay off
  • Quote of the lesson from George Horace Lorimer

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JW’s Financial Coaching Podcast Lesson #128-How Fear inhibits our ability to win with money

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  • The biggest inhibitor to winning with money is fear
  • How we saw this manifest in the election this week
  • How to discern between real fear and worry
  • Why fear shouldn’t drive our financial decisions
  • Quote of the lesson from Zig Ziglar

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JW’s Financial Coaching Podcast Lesson #127-Washington won’t change your finances

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  • Anyone else sick of the election and ready for it to be over?
  • Why Washington won’t and can’t change your finances
  • The importance of focusing on your economy
  • What you can spend your time focusing on instead
  • Quote of the lesson from Rory Vaden

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JW’s Financial Coaching Podcast Lesson #126-How to handle loans from family and friends

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  • The most difficult loan to handle is the one from family and friends
  • Why we borrow from family and friends
  • The dangers in doing them
  • Why it is important to have to clear communication when lending to or borrowing from family and friends
  • Quote of the lesson

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JW’s Financial Coaching Podcast Lesson #125-Prioritizing for your retirement or for your child’s education?

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  • Most couples assume they need to sacrifice for child’s college fund
  • Benefits of doing each one
  • Do we need to pick one or the other?
  • The need to prioritize yourself over your children
  • Quote of the lesson from Chris Hogan

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Would you budget a million dollars?

If I handed you a million dollars today would you sit down and develop some kind of plan with the money?

Chances are your answer to that question is a resounding yes, but then why are we so reluctant to do so with our own money?

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JW’s Financial Coaching Podcast Lesson #124-What is Financial Coaching Exactly?

  • Why I got into financial coaching
  • What Financial Coaching is
  • What Financial Coaching is not
  • Why this show is different than other financial podcasts
  • Quote of the lesson from Tom Landry

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JW’s Financial Coaching Podcast Lesson #123-Is there a need for multiple bank accounts for saving?

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  • How to track your savings fund
  • Things to consider when deciding whether to lump your savings together or keep it separate
  • The only way to guarantee savings
  • How Lisa and I track our savings
  • Quote of the lesson

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Why do we equate Frugal with being Cheap?

While thinking the other day about personal finances, the question dawned on me, why do we use frugal and cheap so interchangeably?  Often when one is described as frugal we usually associate that with being cheap.  But is that necessarily the case?  If not, then what is the difference between being frugal and being cheap?

Simply put, being frugal means being resourceful with your money and not spending it on wasteful things.  It is maximizing the money you have, but still spending it on things you enjoy. Continue reading

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