Archive for January 2009

Awesome Financial Learning Experience at Element Church!


I was PUMPED to be able to teach the Financial Learning Experience at Element Church in Cheyenne, Wyoming!

I had never been to Wyoming, and it was awesome to be able to carry the crusade there.

I love watching folks learn the tools that I used to march out of debt and become financially free!  I LOVE seeing hope restored.  I love being a part of life-changing work.

I know that I say this often, but I must say it again.

I can't believe I get to do this stuff for a living.

To all who attended the FLE, you rocked!  I can't wait to hear your voice mail message of "WOO-HOO!"

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FLE – Ottumwa, Iowa – thebridge

I had a BLAST teaching in Ottumwa, Iowa on Wednesday.  It was a terrific day.

The day started by meeting up with the pastor of thebridge, Marty Schmidt and his bride, Jenny.

After lunch, I was able to train SIX new financial counselors through the Financial Counseling Experience.  Training financial counselors is one of my favorite things to do!  It means that this crusade will carry on long after the event has taken place.

On Wednesday evening, the Financial Learning Experience kicked off.  Lives were changed.

I can't believe I get to do this for a living!

Thanks so much to the volunteers and staff of thebridge church in Ottumwa, Iowa for making it a GREAT event!

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0% Credit Card Transfer Story

A person who recently attended a Financial Learning Experience e-mailed me the following question:

I had the privilege of hearing you speak both during the message and the class that followed. Mywife and I are committed to eliminating our debt. With that in mind, I have a question. I have three credit cards one for 6,000.00, one for 1956.00 and onefor 5775.00 I am paying high interest rates 27.98, 24.00 and 20.4% respectively.

I tried to reduce my rates, but they were unwilling and the reality is that I don’t get [0%] offers in the mail anymore.

I responded with the following question: Have you applied for one of the cards on my “Next Steps” site [HERE]?

His response FIRED ME UP!

Here is his response …

I just applied for the discover card and I put two of the cards to be transferred totaling 11,500.00 and I was accepted! After talking to Bank of America earlier today I felt as if I were a heathen slug that had delinquent deadbeat written on my forehead and the reality was that I had always paid them!

Thank you … you will get my phone call with a loud yahoo! You have an awesome ministry keep up the good work.

So let’s look at the math.  $6,000 was moved from 27.98% and $5,500 was moved from 20.4%.  That one move saved $205/month in INTEREST!!!  That is over $2,400 per year in INTEREST that was eliminated.

If you are paying interest on a credit card, why?

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Crocs Do Not Work Well In Snow

I am in Ottumwa, Iowa.

I am here to teach the Financial Learning Experience tonight at thebridge church (pastor is Marty Schmidt).

I have already learned a lot about Ottumwa, Iowa.

  • It is the hometown of Radar from M.A.S.H. and Tom Arnold
  • It is about 1.5 hours south and east of Des Moines
  • There is a huge need for financial training (just like all other areas of America!)
  • I like Ottumwa
  • It is home to a cool new church called "thebridge"

I also have realized that I have been living in the South for awhile.  I showed up in Des Moines (8 degrees F and snow) wearing a light jacket, running socks, and Crocs.

Guess what?  I was cold.  Snow came in direct contact with my legs just above the ankles, and snow went right through the holes in the Crocs and soaked my socks.

So for those of you who were wondering: Crocs do not work well in snow. 

It made me think about the number of times I have showed up ill-prepared to address financial issues.  For example, I used to think that earning more money would solve my credit card balance and impulsive spending decisions.  I was wrong.  The fact was that I could earn millions of dollars a year, and I would still have an outgo problem.

I was ill-equipped.  My monthly written spending plan using INCOME – OUTGO = EXACTLY ZERO was the correct tool to address my problem.

My Crocs have been replaced with nice leather waterproof shoes.

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Stressed Out About Finances

When I teach the Financial Learning Experience, I always take some time to have everyone write down the reasons why they want to be financially successful.  I believe that when people know WHY they are sacrificing financially, it helps them stick to their plan.

Do you know what the number one reason is?


Nearly everyone in the room has written down that one of the reasons they want financial success is to have less stress in their life!

Is that you?  If it is, I want you to know that you CAN reduce the stress related to your finances!  You CAN!

Here is a short list of items that removed a ton of financial stress from my life: 

  • A written spending plan every month before the month begins.  It is truly EZ to win with money!
  • Stopped acquiring more debt
  • An emergency fund of at least $2,500
  • A wife that chooses to work together with me to manage our money
  • Paid off all debt except the house
  • Prayer
  • Realizing what "enough" was
  • Answering God's call on my life (you can watch me share my journey HERE)

What has helped you eliminate financial stress in your life?

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