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

Play
  • 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

the-jws-financial-coaching-podcast_123

Continue reading

Posted in Saving | Tagged , , | Comments Off on JW’s Financial Coaching Podcast Lesson #123-Is there a need for multiple bank accounts for saving?

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

Posted in Budgeting, Friday Financial Tidbit, Saving | Tagged , | Comments Off on Why do we equate Frugal with being Cheap?

JW’s Financial Coaching Podcast Lesson #122-How to use side hustles to get out of debt with guest Tracey Minutolo

Play
  • Guest Tracey Minutolo joins us to talk about Side Hustling
  • What side hustling is and isn’t
  • How it has impacted Tracey’s finances
  • Why should someone side hustle
  • Quote of the lesson from Jon Acuff

the-jws-financial-coaching-podcast_122

Continue reading

Posted in Debt Free Living, Guests, Podcast | Tagged , , , , | Comments Off on JW’s Financial Coaching Podcast Lesson #122-How to use side hustles to get out of debt with guest Tracey Minutolo

JW’s Financial Coaching Podcast Lesson #121-It’s not what you start to do, it’s what you stop doing that matters

Play
  • Why it is more important to focus on what you need to stop doing then to focus on what you need to start doing
  • What do you need to stop doing?
  • The difficulty in starting to do something new before you stop doing the old thing
  • Bad habits are tough to stop
  • Quote of the lesson from Peter Drucker

the-jws-financial-coaching-podcast_121

Continue reading

Posted in Personal Accountability, Personal Finance, Personal Story, Podcast | Tagged | Comments Off on JW’s Financial Coaching Podcast Lesson #121-It’s not what you start to do, it’s what you stop doing that matters

JW’s Financial Coaching Podcast Lesson #120-The difference between knowing and understanding your finances

Play
  • What knowing our finances means
  • Why most of us don’t know or understand our financial situation
  • What understanding our finances does for us
  • How to start knowing and understanding our finances
  • Quote of the lesson from Charles Kettering

the-jws-financial-coaching-podcast_120 Continue reading

Posted in Personal Finance, Podcast | Tagged , , | Comments Off on JW’s Financial Coaching Podcast Lesson #120-The difference between knowing and understanding your finances

JW’s Financial Coaching Podcast Lesson #119-The EMV Chip Debit Cards and What They Mean to You

Play
  • What is the EMV Chip Debit Card?
  • Difference between running your debit card as “Credit” vs “Debit”
  • Why the EMV Chip Card will reduce fraud
  • My Experience in using my EMV Chip Card
  • Quote of the lesson from T. Harv Eker

The JW’s Financial Coaching Podcast_119

Continue reading

Posted in Credit Cards, Podcast | Tagged , , | Comments Off on JW’s Financial Coaching Podcast Lesson #119-The EMV Chip Debit Cards and What They Mean to You

JW’s Financial Coaching Podcast Lesson #118-Your Life Has Changed, But Is Your Coverage Up To Date?

Play
  • Life events that need you to look at your finances
  • Why your life insurance coverage may not be enough
  • Is your emergency fund at the level you want it to be?
  • Why we need to look at our level of investing and giving once a year.
  • Quote of the lesson

The JW’s Financial Coaching Podcast_118

Continue reading

Posted in Insurance, Investing, Personal Story, Podcast, Uncategorized | Tagged , , , , | Comments Off on JW’s Financial Coaching Podcast Lesson #118-Your Life Has Changed, But Is Your Coverage Up To Date?

Friday Financial Tidbit-Washington can’t change our finances

Like many of you, I’m already sick of the election coverage. No matter where we are or what we are doing, whether it is Facebook, Twitter, watching TV, listening to the radio, or driving on our morning commute we can’t escape it. It seems like there is always an article, opinion piece, analysis or advertisement trying to persuade us to one side.

On the national level, one of the often talked about issue that gets my attention and makes me chuckle has to do with each candidates tax proposal, or how their tax plan will “fix” the economy. Everyone has an idea that will help balance the budget, help the middle class, protect small business from paying high taxes, etc. Continue reading

Posted in Friday Financial Tidbit | Tagged | Comments Off on Friday Financial Tidbit-Washington can’t change our finances

JW’s Financial Coaching Podcast Lesson #117-Don’t Be Average 2016 Edition

Play
  • The average US household financial stats
  • What these stats say about your economy
  • What to do to be better than average
  • Motivation to not be financially average
  • Quote of the lesson from Steve Siebold

The JW’s Financial Coaching Podcast_117

Continue reading

Posted in Personal Finance | Tagged , | Comments Off on JW’s Financial Coaching Podcast Lesson #117-Don’t Be Average 2016 Edition

Interest rate is *not* the problem

When I’m working with a client on getting out of debt, especially on student loans or credits, one of the first things they ask about is how to lower their interest rates on the loans. Continue reading

Posted in Credit Cards, Debt | Tagged , , , | Comments Off on Interest rate is *not* the problem