Archive for November 2013

Happy Thanksgiving!

It is Thanksgiving in the United States, and I’m truly filled with thanksgiving! I’ve been blessed beyond measure.

Here are some key things I’m thankful for:

  • My bride  We celebrated 16 years of marriage this year!
  • My first daughter  She turned 14 this year. She’s a beautiful amazing person, artist, and athlete.
  • My son  He turned 3 this year. He is FIRED UP from about 5:00 AM each morning until about 10:00 PM every night!
  • My second daughter  She made her appearance just nine weeks ago. Amazing how beautiful she is!
  • The I Was Broke. Now I’m Not. Team  We’re growing in our reach and influence. It’s because of the incredible team that has signed on to help us take our message to the nations!
  • The INJOY Stewardship Solutions Team  This team is growing in its reach and influence too! It is amazing to be able to serve great leaders around the world through this 21 year old organization that was founded by Dr. John C. Maxwell. I can’t believe I get to lead this organization!
  • My family  All of my brothers, my parents, my bride’s parents and her brothers and sisters. All of the awesome nephews and nieces that are showing up make it even better!
  • My church  NewSpring Church has impacted my life in more ways than I can list. Indescribable to see what God is doing through this church!
  • Jesus  The ultimate example of generosity and giver of grace.
  • You  It’s an honor to serve you on your money journey. Every day we wake up and strive to live out our 15-word passion statement to help people accomplish far more than they ever thought possible with their personal finances!

What are YOU grateful for?

What To Do When You Are Behind On Bills

I’m behind on my bills. I feel stuck. What do I do to get caught up?

This is perhaps the most common question I experience during our live teaching events.

While the best answer for each family may vary, here are some of the most common ways to get UNSTUCK and gain financial margin:

  1. Sell something  What do you have that is worth $1,500 that would allow you to get caught up immediately? Put it on Craig’s List and generate cash to change your financial life!
  2. Work an extra job  Not fun, but this is not a “forever” option. Set a goal to produce an extra $2,000 within the next couple of months with a holiday type of job.
  3. Establish a budget  Without a plan, there will be no profit (Proverbs 21:5). Prepare a written budget for the month of December and make every dollar SCREAM!
  4. Go on a financial fast  Eliminate a monthly expense like Internet, cable, or Netflix. Perhaps you could eliminate dining out for one month.
  5. Eliminate a debt  If you have two cars, sell one! Eliminate the debt payment AND reduce your debt big-time. This might present some logistical challenges, but it sure helps speed up financial freedom!

Have you ever taken one of these steps? Please share your experience with us in the comments!

Monday Money Tip

I am FIRED UP to finally be able to make our next HUGE ANNOUNCEMENT! As of today, November 25th, we have launched a brand new resource called Monday Money Tip.

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We know Monday’s are usually not everyone’s favorite day of the week, and this is our way of helping make it better!

Here’s what you can expect when you register to receive the Monday Money Tip:

  • A practical and simple money tip in a brief 3 to 5 minute video
  • Delivered every single week on Monday to your email inbox
  • A variety of topics including:
    • Savings Tips
    • Debt Reduction & Elimination Strategies
    • Investing Ideas
    • Budgeting Tips
    • Encouragement (everyone needs this!)
    • Tips to help you Persevere
    • Tips to speed up your climb up the IWBNIN Ladder!
  • COST: It is totally FREE!

Click HERE to register! You will immediately receive the first Monday Money Tip in your email inbox and every Monday thereafter.

Here’s to better and more prosperous Mondays!

Change Your Financial Life With Two Words

“I do.”

When Pastor David Terhune challenged me on June 7, 1997 with a marriage vow to my bride, I responded with, “I do.”

It wasn’t “Maybe” or “Unless.” It was simply, “I do.”

This commitment changed my life forever. It has led to more than 16 years of marriage, three wonderful children, and a life partnership I only dreamed of having.

What would it look like if we made a similar commitment to manage our finances in an honorable and upright manner?

Something like:

Do you promise to give and to save and to invest? Will you commit to provide for your family to the absolute best of your ability? To forsake destructive debt and get-rich-quick schemes? To commit to teach your children the joys of frugality, strong money skills, and the power of compound interest? To work together on all major money decisions? To promise to be honest in all of your financial dealings? As long as you both shall live?

“I do.”

It could change your financial life forever.

The Importance of Consistency

To accomplish anything great, it will usually require consistent effort over long periods of time.

Here are some examples:

  • Run a 26.2 mile marathon  I’ve run two of these events – the San Diego Rock ‘N Roll Marathon and the Houston Marathon. Each one required several months of intense training (I really like the free training plans offered by Hal Higdon)
  • Pay off a house  I was able to accomplish this by age 38. It took years of consistent and intentional focus to accomplish this major financial goal.
  • Education  It takes 13 years of consistent performance to obtain a high school diploma. Four years of effort to earn a bachelor’s degree. More for a professional graduate degree.
  • Raise a great child  I’ve not successfully done this – yet! With a 13 year old, a 3 year old, and a baby in the house, we are well aware of the need for consistency and its important role in raising a great child!
  • Losing weight  Anyone who has faced the challenge of losing weight and succeeded clearly understands the power of consistency in maintaining a good diet and regular exercise.
  • Building a business  Rarely is a business built overnight. I once heard one of my financial heroes, Dave Ramsey, say, “It took us 17 years of hard work to become an overnight success.”

Consistency allows you to accomplish “elephant-sized” dreams and objectives “one bite at a time.”

To achieve long term financial success, here are some key financial practices one must strive to consistently employ:

  1. Give  Make it your habit to live a generous life. Consistent giving ensures I am constantly aware of the great needs of others.
  2. Save  You can not prosper financially if you do not save.
  3. Invest  Investing a little bit of money all of the time usually trumps investing lots of money every now and then.
  4. Budget  Giving every dollar a name every single month will ensure that all of your finances are used to their maximum potential.
  5. Continually learn about money  Your financial education is built over time – just like your regular education. Commit to consistently learn about money.
  6. Insure  If you do not have all of your assets consistently insured, you will be at risk of losing everything you have built up.

Are you living a consistent financial life?