Finance

MONDAY MONEY TIP PODCAST: How to Have a Debt-Free Vacation

We’re back with another episode of the Monday Money Tip Podcast! If you’re starting to look forward to your vacation this summer, this episode is definitely for you! This week, we’re going to discuss how you can have a debt-free vacation this year. We will also share some information about current interest rates in our Current Money Events segment of the podcast. In addition, we have a success story from a listener who created a budget and experienced immense freedom in his life!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • We’re sharing how you can have a debt-free vacation in 2019.
  • I’ll give tips on eliminating an expense and redirect to savings for a future vacation.
  • In our Current Money Events, I give an interest rate update for mortgage rates, savings rates and CD rates.
  • Hear a success story about how a budget became a path to freedom for one of our listeners.

Resources:
IWBNIN Next Steps – Banking
Known, Upcoming Non-Monthly Expense Calculator
Mini-Budget Tool

Quote of the Day: “A change of place plus a change of pace equals a change of perspective.”

MONDAY MONEY TIP PODCAST: Top Money Questions

We’ve made it to the last Monday of January! That means that this week on the Monday Money Tip Podcast, we will be answering the top money questions from our listeners. Questions this week will range from payday loans to how credit scores really work. I’ll share the importance of having a clear financial vision for your future. Lastly, you’ll hear a success story from a woman who previously relied on bank overdrafts to make it from month to month.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • I’ll share the importance of having a clear financial vision for your future.
  • Hear a success story from a woman who previously relied on bank overdrafts to make it from month to month.
  • I’ll answer rapid fire questions asked by you! These questions range from payday loans to how credit scores work.

Resources:
IWBNIN Free Tools
Mortgage Payment Calculator

 

MONDAY MONEY TIP PODCAST: All About Budgeting

Are you ready to get your budget under control? In Episode 29 of the Monday Money Tip Podcast, you can do just that! We’re here to share with you how they make budgeting EZ each and every month. We will also share some statistics about the average car payment that may shock you! Our success story this week comes from a participant of our last budget challenge and you’ll hear how it changed her life!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • Hear some alarming statistics about the average car payment.
  • Megan shares an exciting story from one of our last Budget Challenge participants.
  • I share how you can become good at budgeting.
  • Learn the key to budgeting with irregular income.

Resources:
IWBNIN Next Steps – Insurance
Average Car Payment Article
Budget Tools
Budget Challenge

Quote of the Day: “The plans of the diligent lead to profit, as surely as haste leads to poverty.” – Proverbs 21:5

 

How To Have The Best Financial Year Ever

Are you tired of feeling “stuck” financially? Are you ready to start making significant moves in your financial journey and even have your best financial year ever? There is no better time than 2019 to achieve just that. You still have a couple days to add your financial goals to your list of New Year’s Resolutions.

You can start by identifying your current status. We know that most people can identify with one of the three categories: struggling, stable, or surplus. Once you know where you fall, you can clearly determine your next steps.

Here at I Was Broke. Now I’m Not., we follow a financial ladder in order to have a fully funded life. Check out a copy of the ladder so that you can identify what rung you are currently on and what your next step is. CLICK HERE TO DOWNLOAD YOUR COPY TODAY!

If you feel like you are in the struggling category, you should strive to achieve rungs one, two, and three this upcoming year. In doing so you would have set goals, built financial margin with a baseline savings account and start to see your money working for you in your investments.

For those who identify with the stable category, you should be position yourself to be able to move to the surplus category. You can do this by completing rungs four and five of the ladder. If you were able to complete those two steps in 2019, you would have eliminated all of your non-house, non-business debt (bye credit cards!) and have built up significant margin with three months worth of expenses in savings. This will allow you to launch into the next category and upwards on the ladder.

If you are currently enjoying the blessings of the surplus category, you are almost ready to live a fully funded life and have the ability to positively impact the lives of all those around you. At this point, you can strive to achieve rungs six, seven, and eight of the ladder. You will not only be debt free, but you will also be investing 30% of your gross income into investments.

You should also set five key financial goals for the year. If you don’t set any goals, you are far less likely to accomplish anything at all. Consider setting goals in each of the following categories: income, giving, saving, investing and debt elimination. I explain each of these in detail Episode 25 on the Monday Money Tip Podcast. You can check it out HERE.

Once you have set your goals, make sure you establish accountability. If you share your goals with someone who has similar goals as you, you will be less likely to falter and give up along the way. Many people have workout buddies when they are trying to get into shape. Consider this a workout buddy for your finances!

Lastly, make sure you are taking steps to increase your financial education. This step is not one that ends in 2019 but should be continued year after year. Read some financial books, hire a financial coach. Start learning and don’t ever stop. You won’t regret it.

No matter where you are financially, you can make significant strides this upcoming year and position yourself to prosper. Make 2019 the year that you accomplish more than you ever did before on your financial journey.

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

 

MONDAY MONEY TIP PODCAST: Christmas 2018 Special

Merry Christmas Eve! Today on the Monday Money Tip Podcast, I’m sharing how you can balance striving for future goals while still being content with what you currently have. We’ll talk about our R&R at the end of the year and goals you should consider for next year. We will also share a very special success story and a big announcement about the future of the Monday Money Tip Podcast!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes

About the Episode:

  • Joe shares each of the categories in which you should set goals for 2019.
  • Hear a very special success story that relates directly to the Monday Money Tip Podcast.
  • Learn how to balance striving for future goals and being happy with what you currently have.

Resources:
Annual Plan Tools
Budget Tools

Quote of the Day: “But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” – 1 Timothy 6:6-10