Archive for September 2010

Roland’s Cash Envelope

I just experienced one of the most incredible Financial Learning Experience weekends EVER at Messiah Church in Midland, MI!

On Friday night, Mark (IWBNIN Team Member) and I were able to grab dinner along with several of the financial coaches we were going to train the next morning.   It was at Pizza Sams – which is INCREDIBLE pizza!!!

Anyway, while there, Roland showed me one of the things that has changed his life the most when it comes to his finances – his grocery cash envelope.

RolandsCashEnvelope

It made me remember the reason that Jenn and I have used cash envelopes ever since we started our journey to financial freedom on December 2, 2002.

Here are three reasons I LOVE cash envelopes:

  • CONTROL We overspent our debit/credit cards.   We NEVER overspend cash money!
  • TRACKING It is so easy to understand how much is left for groceries – you just count the money in the envelope!   No more frustration related to counting up our bank and credit card transactions.
  • SAVINGS When you realize how limited your cash is for groceries, dining out, clothing, spending money, and entertainment, you will start searching for bargains and better deals!

Do you use cash envelopes?   If so, why?   If not, why?

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US National Debt- September Update

One of the most compelling reasons for  why we do what we do here at IWBNIN is the SOARING US National Debt.

National Debt as of 9/17/2010

$13,470,359,975,502

This is an increase of 133,397,794,609 since last month!


By the time this post was completed, the national debt increased by an additional  $1million.

Your thoughts?

The Crusade is Heading to Midland, MI

We are PUMPED to carry the crusade to Messiah Church in Midlands, MI this weekend!!!!!

We will be training financial coaches and teaching the Financial Learning Experience.

If you are in the area and would like to join us for the Financial Learning Experience you can register here.

Get FIRED UP!!!!  We can’t wait to help people win with their money God’s way!!!!

Church Leaders: FREE Conference Call “Funded And Free”

If you are a church leader, I would love to you have you participate in the “Funded and Free” FREE Conference Call tomorrow (today?) – WEDNESDAY, 9/15, @ 1PM Eastern Time.   Topics include: Year-End Giving and Launching The New Year right!

I will be speaking as well as my Funded And Free co-author, Casey Graham.

You can register HERE.

More than 100 leaders have registered ALREADY!!!

I can’t wait!!!

Save Before Paying Off Debt

It happened again.   I had another set of conversations with people who have fallen into the trap of “attacking the debt” without first beginning to save money.

Here’s the deal.   Credit card companies KNOW that life is always going to have financial emergencies.   ALWAYS.   If they can convince you to use them for “emergencies”, they know that individuals are much less likely to maintain a savings account for emergencies.   As a result, when there is an emergency, the credit card is the hero and the individual sinks further into debt.

Just stop it.   Before paying a dime more than the minimum payment, build up your emergency savings account.   Save at least $1,000 – make it $2,500 if you have kids and/or own a home.   Yes, it slows down the debt pay-off.   Yes, it is frustrating to focus on savings when one has debt with interest.   BUT if you save first, you will secure your ability to stop acquiring new debt which is the biggest step toward true financial freedom you can make.

Save.   Save.   Save.

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Learn the three things you should always save for in my book, I Was Broke. Now I’m Not. You can pick up a copy HERE.