JW’s Financial Coaching Podcast JW’s Financial Coaching Podcast-A show devoted to answering your personal financial questions and covering current events in personal finance. Giving people a new perspective on their money!

October 31, 2012  
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Jane from LiveRichandFree.com joins us on today’s show to share how she paid off over $135,000 in student loans. She racked up most of the student loans while in graduate school. Jane got the desire to pay off her debt by having an uncomfortable feeling about having so much student loans. After graduating, she knew she had to get serious and knock out her loans as quickly as possible.

One of the ways Jane kept motivated throughout the process was to remind herself that every time she was spending money, she was essentially borrowing at 6.5% (her student loan's interest rate) to make the purchase. This kept her from overspending and allowed her to continue to make extra principal payments even when the balance was still big.

Now that Jane has no debt, the mental stress is gone and she is enjoying saving money and maxing out her IRA each year. One of her goals now is to start earning some residual income so she is not trading her time for money.

“One of the easiest ways to not have to pay back $100,000 is to not take it out in the first place.” ~ Jane

You can subscribe to the Debt Free Living Podcast either through Feedburner, iTunes, or Stitcher SmartRadio! The podcast can be found in iTunes under the JW's Financial Coaching Podcast. If you subscribe you will receive both the JW's Financial Coaching Podcast on Mondays and the Debt Free Living Podcast on Thursdays.

If you enjoyed this episode, please leave a review in iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

Click to listen to previous episodes of the Debt Free Living Podcast.

If you would like to take the steps necessary to start living debt free, I would love to be a part of your journey. Here's how I can help.

October 28, 2012  
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Highlights of today's show:

  • Instead of focusing on how to improve your finances we talk about helping others
  • Hard to help others if they don't ask your advice
  • Get permission to give advice by talking about what you've done to get control of your finances
  • When giving money to others you need to determine whether you are helping or hurting that individual
  • Still time to sign up for the "YOUR Economy" Webinar

So often we talk on the podcast about how to handle YOUR finances, but today we are going to discuss how you can help others with their finances. Help can come in either one of two ways: 1) Giving financial support 2) Giving financial advice.

Giving financial support can be tricky and before you do give support you must answer the question; is this money going to harm them or help them. Sometimes giving someone money, without modifying the behavior that got them into the mess, just makes things worse. That does not mean you should never give someone money, but make sure any money you do give is tied to changes in behavior. If those conditions can’t be meant, it is perfectly acceptable to say no when asked to give someone money.

Giving financial advice is tricky as well, because if the advice wasn’t asked for it’s going to be very hard to change someone’s view. The best way to help someone when asked is to first talk about what you have done to get your finances under control and how that has helped you out.

Ultimately the best way to give help to others is to first get your finances under control. By doing things financially that most people can only dream of, you will have credibility to share what you have done with others.

Finally, I'll be doing a webinar titled "YOUR Economy" on Tuesday, November 6th at 9:00 PM EST. Yes, that is election night, but this webinar is not political in nature. Instead we will be focusing on ways to improve YOUR economy not only with your finances, but with your career as well. The webinar itself will be 30 minutes in length and we will have a 15 minute Q&A afterwards. Please plan on attending.

You can subscribe to future Podcasts through FeedburnerStitcher SmartRadio, or iTunes. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page. In addition, if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:

1.) Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page.

October 21, 2012  
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Highlights of today's show:

  • Brent Pittman  joins us to discuss; if you are rich and frugal do you need to budget?
  • How do you know if you are really rich or wealthy?
  • Can you become wealthy without budgeting?
  • What you could be missing out on by not budgeting?
  • What budgeting has meant to us

Brent Pittman from OnTargetCoach.com joins us to discuss a question he asked himself on one of his blog posts. The question was "Do rich people really need to budget if they spend frugally?" Brent and I attempt that answer that question by sharing why we both budget, what are some things you miss out on by not budgeting (which are not all financial) how budgeting could benefit a frugal wealthy person, and finally we share what budgeting has meant to us.

Also we discuss what makes someone "rich" or "wealthy." Is it having no debt? Having a six figure income? A million dollars in the bank? Brent and I discuss what being wealthy means to us and share why there really should never be a point where you don't have to manage your finances.

In addition, if you didn't see it on the blog, my wife and I just paid cash for our recent car purchase! I say this not to brag, but to encourage you that yes, you can pay for a car with cash and it is possible to live without a car payment. The feeling of being able to write the check and not have to worry about putting an extra line item in our budget for the payment is great.

Finally, I'll be doing a webinar titled "YOUR Economy" on Tuesday, November 6th at 9:00 PM EST. Yes, that is election night, but this webinar is not political in nature. Instead we will be focusing on ways to improve YOUR economy not only with your finances, but with your career as well. The webinar itself will be 30 minutes in length and we will have a 15 minute Q&A afterwards. Please plan on attending.

You can subscribe to future Podcasts through FeedburnerStitcher SmartRadio, or iTunes. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page. In addition, if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:

1.) Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page.

October 14, 2012  
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Highlights of today's show:

  • Chris Peek joins us to talk about mystery shopping
  • Mystery shopping is a great way to earn some extra income on the side
  • Every mystery shopping company is different
  • Beware of scams . . . if it is to good to be true, then it probably isn't
  • What kind of person would be a candidate for mystery shopping?

Chris Peek from MysteryShopCoach.com joins us on today's show to talk about mystery shopping. Chris got involved in mystery shopping when he needed to get a second income and didn't want to be tied down to a second job making $8-$10 an hour. One of the good things about mystery shopping is that you can pick the jobs you want to work so you control how much you work and earn.

After doing it for three years, Chris started his blog to help those who were interested in getting involved in mystery shopping as well as for other established mystery shoppers to help each other out. One of the keys Chris has learned is that once you are established and determined to be reliable by the companies you will get more and better paying jobs.

Chris writes another blog: TrailReflections.com where he encourages others to live intentional lives and become fully alive. Some other great resources for mystery shoppers include MysteryShop.org and Volition.com

You can subscribe to future Podcasts through FeedburnerStitcher SmartRadio, or iTunes. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page. In addition, if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:

1.) Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page.

October 7, 2012  
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Highlights of today's show:

  • How did we stay under budget on our latest vacation?
  • My review of Jon Acuff's Quitter Conference
  • Parallels between the Quitter Conference and our personal finances
  • Why we need to continue to invest in ourselves
  • How I am going to apply what I learned to JW's Financial Coaching

My wife and I had a great couple weeks of vacation but it is good to be back in Ohio. We really enjoyed the vacation and were glad we took it, as it was something we both needed. In episode #6 of the podcast I shared how my wife and I came up with our budget for our trip. Well, the results are in and we are both very pleased. Thanks so much for holding us accountable and allowing us to share the details with you.

[caption id="" align="alignright" width="300" caption="Credit to @tammyhelfrich"][/caption]

Our vacation started out great in Nashville, Tennessee where I had the pleasure of attending Jon Acuff's Quitter Conference. On a prior podcast I reviewed the book Quitter,but today i am going to share my review of the conference. The Quitter Conference is more than just deciding to do something you love and quitting your J-O-B right on the spot. Instead it is developing a plan to work on your dream job while still being productive at your day job.

I found a lot of parallels at the conference that can be applied to your personal finances. I'm going to share those with you today as well as talk about the conference, what I enjoyed about it, what they could improve and what I am going to be doing in the future to apply what I've learned into the podcast, blog, and my coaching. In addition, I also share why it is important for each of us to attend seminars and conferences like this and why you always need to continue to invest in yourself.

You can subscribe to future Podcasts through FeedburnerStitcher SmartRadio, or iTunes. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page. In addition, if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:

1.) Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page.