It’s Not How Much Money You Make …

“It’s not how much money you make. It’s what you do with what you earn.”

Ever heard that statement before? This great video (trust me, it’s worth the 6 minutes and 3 seconds it takes to watch it) demonstrates this principle so well.

Congrats, Mr. Earl! Right from the middle of Baltimore, MD, you’ve demonstrated the principles of sound investing and the power of a financial education. Thanks for inspiring me and tens of thousands of others!

Can’t see the video? Copy and paste the following link in your favorite browser: https://youtu.be/smPWDGT-VFs

We’ve Heard From You – Here’s Our Response!

Last Monday’s live online event, Thriving: From Struggling to Surplus, was so much fun & the response has been absolutely sensational. If you were unable to attend, you can watch the replay HERE.

During this event, we announced that we’ve made changes to the Core Coaching Program! The past few years we’ve offered four waves of the CCP and we’ve continued to hear two KEY themes:

  1. “I’m not ready to learn about INVESTING yet because I’m still trying to figure out BUDGETING.”
  2. “I would love to be a part of the CCP, but I’m just trying to keep my head about water. I’m STRUGGLING.”

That’s when this thought hit us: “Everyone has a next step, but not everyone’s next step is the complete CCP!

So our team went to work, and we’re really fired up to share that we now have three CCP options: CCP-STRUGGLING, CCP-STABLE, and CCP – Complete.

You can learn all about these new options and register HERE! (Limited spots available!)

**The first 100 registrants for the CCP-Stable program who pay in full will also receive a copy of my book, I Was Broke. Now I’m Not. Registrants of the complete CCP will receive this book as well as a copy of OXEN: The Key to an Abundant Harvest.**

CCP

Thriving: From STRUGGLING To SURPLUS

I am FIRED UP to be teaching the “Thriving: From STRUGGLING To SURPLUS” LIVE online experience Monday, September 21st at 8:00pm EST!

It is my passion to help people win with their money, and I’ve discovered that succeeding with money is more of a journey rather than just a moment. Yet, in a recent financial survey our team conducted, 34.1% of people identified their financial situation as STRUGGLING – meaning they are living paycheck-to-paycheck, struggling to pay all the bills, and it seems like there is never enough.

I’m committed to do something about it! My first step is to offer a FREE online event on Monday, September 21st entitled: “Thriving: From STRUGGLING to SURPLUS.” During this event, I’ll be sharing how to IDENTIFY and TAKE your next financial step.

I want to personally invite you to this event. Space is limited to the first 500 people who register. To reserve your spot, click HERE.

Thriving: From STRUGGLING to SURPLUS
  • DATE: Monday, September 21, 2015
  • TIME: 8:00 PM Eastern Daylight Time (7PM Central; 5PM Pacific)
  • COST: No cost, but you must register
  • REGISTER: Click HERE

3 Places to Save Money on Groceries – CouponMom.com

Food consumes 15-20% of the average American’s household gross income. With such a large spending category, it is helpful to understand some key ways to manage these costs while still being able to purchase enough food (and hopefully even healthy ones too). In this series, I’m discussing three specific places that can save your grocery bill money. So, are you ready to save $100 – $300 every month on groceries?

#3 – CouponMom.com 

If you are not using CouponMom.com, there is a high chance that you are way overpaying for your groceries.

In our Financial Learning Experience events, I have the opportunity to share some money saving ideas.  Of course, I always wish I had ten or eleven hours to share as many of them as possible, but there is not enough time. One that I ALWAYS mention however, is CouponMom.com.

Here is how it works:

  1. Obtain Sunday newspaper coupon booklets (issued by SmartSource, RedPlum, and P&G)
  2. Mark the date issued on the coupon booklets – do NOT cut the coupons
  3. Sign up to CouponMom.com (click HERE to sign up – it is FREE!)
  4. Every week, go to CouponMom.com and pull up your store’s deals under the “Grocery Deals By State”
  5. CouponMom.com will tell you which coupon booklets to cut coupons from and how to use them to obtain an average of 50% to 85% OFF!

It sounds too good to be true, but I use this myself!  I KNOW it to be true!  For example, this week I went to Publix (grocery store near my house) and had a bill of $69.00.  I received $33.98 OFF after using my coupons.  This was not for useless junk that I will never use.  This is for cereal, pickles, ice cream, vitamins, toilet paper, paper towels, and many other products that I would purchase anyway.

Have you used this service?  If so, share your victory stories!  If not, get started and save a ton of money.

3 Places to Save Money on Groceries – Southern Savers

Food consumes 15-20% of the average American’s household gross income. With such a large spending category, it is helpful to understand some key ways to manage these costs while still being able to purchase enough food (and hopefully even healthy ones too). In this series, I’m discussing three specific places that can save your grocery bill money. So, are you ready to save $100 – $300 every month on groceries?

#2 – SouthernSavers.com

Add this website to the ones you check every single day. This website is written by a stay-at-home mom so you KNOW that she will share some incredible deals!

You will find INCREDIBLE deals for at least fourteen grocery stores, coupons, and saving tips.

All of the members of the I Was Broke. Now I’m Not. team are crazy about this site.

You can check it out HERE (you should go ahead and SUBSCRIBE).

Have you used Southern Savers? Share your story!

3 Places to Save Money on Groceries – Aldi

Food consumes 15-20% of the average American’s household gross income. With such a large spending category, it is helpful to understand some key ways to manage these costs while still being able to purchase enough food (and hopefully even healthy ones too). In this series, I’m discussing three specific places that can save your grocery bill money. So, are you ready to save $100 – $300 every month on groceries?

#1 – Aldi Grocery Store

Aldi is the cheapest grocery store I have ever found. It is first-quality, top-notch food, and I LOVE shopping at this store! It is about 10%-33% cheaper than the next cheapest grocery store.

I buy cereal, milk, bagels, bread, eggs, cheese, fruit, vegetables, meat, canned foods, and many other products at this store, and I have been very satisfied!

I can only hope that Aldi has a store near you.  You can click HERE to see if they do.

Do you shop at Aldi?  If so, share your stories below!

Monday Money Tip: How to Save Money on Groceries

Welcome to another addition of Monday Money Tip! In today’s tip, I’m sharing several key ways you can save money on your groceries. This tip can help you free up cash to buy more groceries or save, invest or give more money.

Want to automatically receive a helpful and practical money tip every Monday? Just sign up HERE (It’s FREE)!

I Can’t Do This! I Have Had Enough

If you have attended one of our Financial Learning Experiences or heard me speak, chances are pretty high that you’ve heard me talk about IHHE Moments – I Have Had Enough Moments.

I Have Had Enough … of those who say, “I can’t do this!”

I have spoken to or with tens of thousands of people regarding the topic of personal finances.  Without fail from every single event, I have received the phone call, e-mail, or comment that basically says this:

That is easy for you to say.  You have no debt.  You have income.  This will not work for me because of…

I have had enough!  No more! The FACT (regardless of how one feels about a situation) is that you CAN win with your money.  You CAN become debt-free.  You CAN save for retirement.  You CAN own a house some day.  You CAN pursue a dream.

To those who would say, “Joe, you have no debt.”  I would respond by asking them if they have ever read my book, I Was Broke. Now I’m Not.?  I was up to my eyeballs in debt!  While I pursued debt freedom, my wife had to have not one, but two major surgeries with huge deductibles that we had to pay.  Since we have become debt-free, we have experienced other surgeries, failed heat pumps, a fixer-upper house, a failed transmission, and many other expenses.  If we could endure this and become debt-free, so can you!

To those who would say, “Joe, you have income.”  This is true.  My hero, Dave Ramsey, has said it many times.  There is a good place to go when you are broke – to work – it is a sure-fired moneymaking scheme!  I have always worked.  Always.  I might even be called a workaholic, but the fact is that I will not accept unemployment.  I have spent the time and money to obtain an undergraduate degree.  Once I earned a job in the workplace, I spent the time and money to obtain a graduate degree – all while working a full-time job, being a husband, and becoming a father for the first time.  But I will tell you that I have worked jobs that were horrible too.  I have cleaned confinement hog buildings and “maintained” the hogs (no further details here – but it was awful) – all for minimum wage.  I have cleaned horse stalls and green broke race horses.  I was trampled by one, stepped on a nail while climbing the fence, and scooped horse dung all day long – for a few cents more than minimum wage.  I worked at Taco Bell.  I worked in a smoking hot steel mill.  If I could do this, so can you!

You CAN do this!  No matter what your doubters say.  No matter what your family says.  No matter the frustrations of accomplishing it.

STOP saying you CAN’T do it, and START saying that you WILL do it.

Have you had your IHHE moment? Tell me about it below.

Monday Money Tip: No Means YES

In today’s Monday Money Tip, I’m sharing about the financial truth that saying “no” right now can allow you to say “yes” to more important things later.

Want to automatically receive a helpful and practical money tip every Monday? Just sign up HERE (It’s FREE)!

How to Make a Difference – Part 5

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.

I’ve committed my life to traveling and sharing this passion but I need your help to reach others with the simple message that:

  • God owns it all
  • We are managers
  • INCOME – OUTGO = EXACTLY ZERO

So with this series, I am going to challenge you to teach one person this simple message during the next month.

PART ONE  Who are you going to teach this to?

PART TWO  What is the best setting for teaching?

PART THREE  Prepare for your meeting

PART FOUR  Set up the meeting

PART FIVE  Have the meeting

Remember, authenticity speaks volumes.  Teach them the tools you have actually used.  Offer to help them put together their first budget.  Point them to the free tools on our website (HERE).  Help them calculate their debt freedom date.

Encourage them!  Pray with them!  Offer to meet with them again.  Follow up with them.

I can not wait to hear how your teaching goes!

How to Make a Difference – Part 4

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.

I’ve committed my life to traveling and sharing this passion but I need your help to reach others with the simple message that:

  • God owns it all
  • We are managers
  • INCOME – OUTGO = EXACTLY ZERO

So with this series, I am going to challenge you to teach one person this simple message during the next month.

PART ONE  Who are you going to teach this to?

PART TWO  What is the best setting for teaching?

PART THREE  Prepare for your meeting

PART FOUR  Set up the meeting

Of course, this conversation could happen spontaneously which would be terrific.  But if it does not, take the time to set up the meeting.  In Part 2, you thought about the best setting for a meeting to occur.

It is important that you are clear about what you want to discuss.  It is also extremely important that you let them know that you are not wanting to tell them about all of the bad decisions they are/have been making when it comes to money.

The invitation needs to be born of your own authentic desire to help others learn these principles that have had such an impact on your own finances.

Here are some ways to phrase it …

  • “I have had my finances rocked lately – in a good way!  I would love the opportunity to show you what I been able to do to take my finances to the next level.  I am not going to sell you anything.  I am just so excited about what has happened!”
  • “Remember how broke I was?  Well, I am getting un-broke and I can’t believe how straight-forward and easy it really is.  I would love to have you over for dinner to show you the free tools I am using.”

How awesome is it when you can help someone and there is no sales-pitch at the end of it?  Just a genuine desire to help them learn a tool/tip or two that can help them too!

How to Make a Difference – Part 3

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.

I’ve committed my life to traveling and sharing this passion but I need your help to reach others with the simple message that:

  • God owns it all
  • We are managers
  • INCOME – OUTGO = EXACTLY ZERO

So with this series, I am going to challenge you to teach one person this simple message during the next month.

PART ONE  Who are you going to teach this to?

PART TWO  What is the best setting for teaching?

PART THREE  Prepare for your meeting 

First, I want you to know that if you are taking this challenge, I have an assumption that you are applying these tools/principles. You can not fake authenticity. The best teachers I ever learned from are the ones who are actively thinking about and applying the knowledge they have.

Since you are indeed applying these principles and tools, then it is important that you provide some transparency to the individual you are teaching. Of course, it is not necessary for you to reveal all of your personal financial picture. Where it makes sense, show them a copy of your budget, debt freedom date calculation, before/after insurance quotes, and retirement calculations.

Have samples of these readily available before the meeting so that you will have them available should the opportunity present itself.

Maybe it would be worthwhile to take a few moments to brainstorm some key financial decisions you have made that have impacted your life – both good and bad.

 

How to Make A Difference – Part 2

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.

I’ve committed my life to traveling and sharing this passion but I need your help to reach others with the simple message that:

  • God owns it all
  • We are managers
  • INCOME – OUTGO = EXACTLY ZERO

So with this series, I am going to challenge you to teach one person this simple message during the next month.

PART ONE  Who are you going to teach this to?

PART TWO  What is the best setting for teaching?

In part 1, you chose one person that you were going to teach these financial principles to.  Now, it is important to determine the best setting for teaching to ensure that they will be receptive to the information you are sharing.

If you attempt to teach this to your son while he is playing in a high school basketball game, the chances are pretty good that he will foul you.

Here are some ideas: coffee house, your house, their house, break room, church, or library.

Now I am a huge fan of moving to action points.  I am not a big fan of “talk-talk-talk”.  So I like to meet in places that have wireless internet so I can pull up the FREE TOOLS on our website and walk them the tools that can help them.

The key here is that you know this person.  Choose a spot that will be conducive to their learning style and will enable you to discuss this stuff distraction-free.

You have chosen the person and a spot you want to meet.  Next up, we will talk about preparing for the meeting.

How to Make a Difference – Part 1

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.

I’ve committed my life to traveling and sharing this passion but I need your help to reach others with the simple message that:

  • God owns it all
  • We are managers
  • INCOME – OUTGO = EXACTLY ZERO

So with this series, I am going to challenge you to teach one person this simple message during the next month.

PART ONE  Who are you going to teach this to?

Take a few minutes to think about who are going to intentionally teach this information to. Who is it?

  • Child
  • Parent
  • Friend
  • Co-Worker
  • Employee
  • Employer
  • Family Member

It would be INCREDIBLE if you would share who are you going to intentionally teach this to during this month!

 

12 Reasons You Aren’t Winning With Your Money

I get the opportunity to travel and speak to different groups of people, in different phrases of life, with different financial struggles. However, they all of one thing in common: they all want to win with their money. The unfortunate reality is that there are a lot of people who aren’t winning with their finances. It can be frustrating and overwhelming. The GOOD NEWS is that you can win with your money. You can become debt free! You can start living your fully funded life.

Here is the list of the top reasons (in no particular order) I see that people aren’t winning with their money. If you currently aren’t winning with your money, read the list below to see if any of these apply to you.

  1. Unwilling to admit there is a problem
  2. Inability to say NO (to themselves, spouse, and/or children)
  3. Shiny Stuff Syndrome
  4. Lack of financial education
  5. Spouses not working together
  6. Lack of giving (rarely do I see selfish people truly win with their money)
  7. No savings (it is impossible to win financially if you do not save)
  8. Unwilling to take risk with any investments
  9. Listening to the wrong (and broke) people
  10. Impulsive spending decisions
  11. Failure to carry health and disability insurance
  12. Unwilling to work for it

Would you add any additional reasons to this list?

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