Series

Pay Off Your House – EARLY!

Get fired up!! Another episode of the Monday Money Tip Podcast is LIVE! Today, we’re talking about paying off your house – EARLY! Can you really pay off your home in 10 years? Yes, you can, and we’ll show you how. In our Current Money Events segment, we’re discussing why and how you can pull your credit report. We’re also sharing a success story from Emily, who has a new outlook on her money journey.

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 the 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
YouTube

About the Episode: 

  • Today we’re answering: “How can I pay off my house early? We have a 30-year mortgage. We owe $200,000 at 4%. We just bought the house three months ago. We would really like to pay it off as soon as possible – within 10 years is our dream.  
  • In our Current Money Events segment, we’re discussing why and how you can pull your credit report.
  • Hear a success story from Emily, who has a new outlook on her money journey. 

Resources:
Next Steps – Insurance 
Annual Credit Report 
Check Credit Report – Canada
Mortgage Payment Calculator 
Early Pay-off Calculator
IWBNIN Ladder
IWBNIN – Debt Tools 

Quote of the Day: “When you have purchased a home with a mortgage, who really owns it: you or the bank?”

Top Money Questions – September 2019

Happy Monday! It’s my favorite day of the week because another episode of the Monday Money Tip Podcast is LIVE! Today, we’re answering your top money questions from September including questions about teaching your kids about money to investing, to automated budgeting tools. In our Current Money Events segment, we’re updating you on the US National Debt and how it affects you. In addition, we’re sharing a success story from Tilicia who has learned to steward the funds she receives better. 

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 the 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
YouTube

About the Episode: 

  • Today we’re answering your top money questions from September including how to teach your kids about money, investing, and what automated budgeting tools to use. 
  • In our Current Money Events segment, we’re updating you on the US National Debt and how it affects you. 
  • Hear a success story from Tilicia who has learned to steward the funds she receives better. 

Resources:
IWBNIN – Tools
US Debt Clock
I Was Broke. Now I’m Not.
OXEN: The Key to an Abundant Harvest
What Everyone Should Know About Money Before They Enter the Real World
Free Course – Top 3 Tools 
I Was Broke. Now I’m Not. Group Study
Annual Budgeting Tool – Entire Year
Annual Budgeting Tool – Month by Month
IWBNIN – Debt Tools
IWBNIN – Budgeting Tools
IWBNIN – Investing Tools
IWBNIN – Saving Tools
Financial Peace Jr.
Charles Schwab
Next Steps – Investing 
IWBNIN Ladder

Quote of the Day: “It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” – George Lorimer

MONDAY MONEY TIP PODCAST: The U.S. National Debt

Another episode of the Monday Money Tip Podcast is LIVE! In today’s episode, we’re talking about the U.S. National Debt. Over the years, this debt has continued to increase. Today, we’re discussing what we can do to begin to lower this number. In our Current Money Events segment of the podcast, we’ll discuss personal debt. In addition, we will share a success story from an individual who is now debt free, including their mortgage!

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 the 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
YouTube

About the Episode:

  • Today, we’re discussing the US National Debt and how we can begin to lower this increasing debt.  
  • In our Current Money Events segment, we will discuss personal debt.
  • Hear a success story from an individual who is now debt free, including their mortgage!

Resources:
US Debt Clock
Household Debt

Quote of the Day: “We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.” – Ronald Reagan

 

Your Last 100 Financial Transactions

I’m writing a series of blog posts focused on financial vision.

Let’s get personal for a minute. Take a look at the last 100 financial transactions you’ve conducted. These transactions include debit cards, credit cards, checks, cash apps, paycheck deductions, investments, giving, and automatic drafts/payments.

What do your financial transactions reveal about you?

There are many words that can describe “who” we are when it comes to money: Giver, Taker, Saver, Spender, Wealthy, Broke, Investor, Earner, Giver, Debtor, Owner, and Manager are just a few. When you look at your financial behavior, what does they say you are?

Here’s the big money question: Does your financial behavior reflect who you want and desire to be?

This is such a monumental question because it is the vision question. It demands a heartfelt and thorough evaluation of where we are and where we desire to be.

I just looked through my last 106 financial transactions. We had 88 outgo transactions for a random assortment of bills like subscriptions, utilities, automatic payments, and gasoline. We had 2 giving transactions, 6 investment transactions, and 10 deposit/saving transactions. I would certainly like to have less outgo transactions. I’m happy to see the giving, saving, and investing transactions. They have not occurred by accident! It is the result of a clear vision that Jenn and I have for our lives and for the money we’re entrusted to manage. We have to fight for the vision every single day – especially with three children, a home to maintain, and the busyness of life.

What do your last 100 financial transaction reveal about you? I dare you to review them.

Do You Have a Vision for Your Money?

Do you have a vision for your money?

When you receive those precious Washingtons, Lincolns, Hamiltons, Jacksons, and Franklins, do you have a clear idea for the utilization of each one of them? Or is that money dead on arrival – doomed to be sent on their way without advancing you toward your life’s plans, hopes, and dreams – your Fully Funded Life?

Without a clear vision, it is highly likely that the money will disappear with little to no progress. After all, there are so many things competing for your dollars: Housing, Utilities, Kids, Food, Student Loans, Automobiles, Insurance, Gasoline, and everything in between! When we experience financial setbacks, which will occur often, it can be easy to just give in and give up saying soothing statements like:

  • “We just can’t ever seem to get ahead financially.”
  • “We’ll never win with money.”
  • “I need to win the lottery.”

I encourage you to write down your vision for the money you’ll be receiving between now and the rest of the year. You’ve still got eight months to experience a massive shift toward your preferred financial future. One tool that has helped Jenn and I stay focused is a monthly budget. We always operate with a financial plan that looks out at least 12 months into the future (using this free annual budget template).