Archive for September 2014

Monday Money Tip: Core Principle #4 – Have Fun Managing Money

Many people believe that budgeting requires the elimination of all fun from their life. They believe that anyone who focuses on eliminating their debt will be forced to eat spam and sardines every single day. It just isn’t true, and in this Monday Money Tip, I will show you how to have fun managing your money.
 

 
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Monday Money Tip: Core Principle #3 – Have A Plan For Your Life

Nothing is more powerful than setting a goal and pursuing it. Think about it: EVERY great accomplishment happened because someone first dreamed of it and then made a decision to move. This Monday Money Tip can be life changing!
 

 
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Monday Money Tip: Core Principle #2 – Avoid The Debt Trap

Keeping bad debts in your life can rob people of their dreams. In this tip, I share the importance of avoiding the debt trap.

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Monday Money Tip: Core Principle #1 – Power In Partnerships

There is unbelievable power in partnerships. The partnership between you and your spouse. Business partnerships. Community partnerships. In this tip, I share how these partnerships can help you accomplish far more than you ever thought possible with your personal finances.

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15 of My Greatest Money Decisions

I’ve spent some time pondering the money decisions I’ve made since my “I Have Had Enough Moment” on December 2, 2002. Below is a list of several key moments that have helped me move into a fully funded life.

  1. Deciding to prepare a budget
  2. Contributing the maximum amount to my employer’s 401(k) (back when I was an employee)
  3. Working together with my bride to fund our dreams
  4. Diversifying my investments within the stock market
  5. Diversifying my investments beyond the stock market – land, businesses, etc.
  6. Making giving a top priority – to my church, people in need, and other causes my family chooses to support
  7. Automating my investments into a 529 college savings plan for my children
  8. Seeking wisdom from financially savvy leaders – both personally (local business leaders) and via financial teachers (Dave Ramsey, David Bach, Robert Kiyosaki, etc.)
  9. Tracking net worth on a monthly basis
  10. Building and keeping financial margin
  11. Establishing accountability for wise financial decision making
  12. Eliminating debt
  13. Starting a small business
  14. Purchasing a small business
  15. Relentless pursuit of more knowledge – living the life of a continual learner

Of course, there are many more decisions and moments that have helped me financially, but these particular have helped me tremendously.

What are the greatest money decisions you’ve made?

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