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!

February 24, 2013  
00:0000:00

Highlights of today's show:

  • The "4-1-1 on" series continues with guest Jake Funnell
  • Why student loans are such a problem for many young adults
  • The best ways to deal with Sallie Mae
  • How to stay focused while paying off your loans
  • What made Jake decide to write You vs Sallie

Jake Funnel from DoMoneyBetter.com joins us on today's show to give the 4-1-1 on paying off your student loan.  Jake graduated from school with around $40,000 in student loans and didn't have any plan to pay them off. But in the past three years, he has gotten dedicated and focused and has started to knock them out. Throughout the process he has learned some tricks when dealing with the bureaucracy of  Sallie Mae and shares them in his new book You vs. Sallie: Smash Your Student Loan Faster With a Simple New Attack Plan.

When it comes to paying off your student loans, Jake suggests figuring out where you stand and re-write your own payment plan. That is because Sallie Mae makes their money by having you make the minimum payments, thus staying in debt longer. Jake believes that the reason we get into so much trouble with student loans in the first place is that we are used to having them because that is what our culture tells us to do.

Jake was inspired to write You vs. Sallie after reading Pat Flynn's eBook The Smart Way. Jake initially thought that his $41,000 student loan debt was high, but after taking a poll of his readers, he realized that 60% of his readers had more than $35,000 in student loan debt. His goal is to pay off the remaining amount of his student loan by the end of 2013. To stay focused throughout the process of paying off your student loan, Jake suggests: 1.) Having good support either from your spouse, family, or others who are going though it at the same time. 2.) Building yourself little rewards when you reach certain goals or milestones.

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.

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.

February 17, 2013  
00:0000:00

Highlights of today's show:

  • The "4-1-1 on" series continues with guest Mark Hutchison
  • Mark has experience in real estate through being a licensed realtor, investor, and Crown Money Map Coach
  • What the state of the real estate market is in
  • Tips for buyers looking to purchase a home
  • Tips for sellers looking to sell a home

Real Estate agent Mark Hutchison joins me on the show to talk about the state of the current real estate market. I asked Mark questions from both the seller's and buyer's point of view. In addition, I asked Mark if the real estate market is really improving, what are some common mistakes people make when either buying or selling a home, and talk about the future of real estate. We also discussed the following topics:

  • Has the real estate market officially bottomed out?
  • What are some trends that Mark has noticed recently?
  • Is it still a buyer's market?
  • How to put yourself into a position to make your home a blessing
  • Tips for first time home buyers
  • How long are homes taking to sell?
  • Thing that you can do to improve your chances of selling
  • Real estate investing

This also wraps up "The 4-1-1 on" series. I enjoyed doing this series and hopefully will do interviews with other experts down the road. I'd love to heard any feedback you have on the series, both positive and negative. If you missed any of the previous editions or want to go back and re-listen to any of the shows you can find them below:

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.

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.

February 10, 2013  
00:0000:00

Highlights of today's show:

  • The "4-1-1 on" series continues with my experience on living on one income
  • Living on one income is not for everybody, but many want to and can't figure out how
  • It is doable . . . if you make the necessary choices
  • Things to consider before making the decision to move to one income
  • For our family it has been a great decision that we don't regret one bit

According to surveys, about 1 out of 5 families in America today live off one income. That is a drop off from about 35% in the late 1970's. Now there is nothing wrong with having a two income family and neither way is better than the other, but I have noticed from working with families over the years that many would like to become a one income household but don't know how they can afford to. On today's show, I share the 4-1-1 on living on one income by sharing how our family has done it for the past three years.

The first thing you have to realize is that living on one income is doable if you make the necessary choices. Just because you don't make six figures doesn't mean you can't survive on one income. But being able to live on one income does mean you have to make it your #1 priority. Those that are able to live on one income make choices in their spending that reflect that.

Second, you also have to realize that a lot of times, living on one income means you have a lot less wiggle room than most. There usually won't be a lot of excess in your budget, therefore you can't afford to be sloppy with your finances. This will force you to be on the same page financially as your spending must align, but it will also improve your marriage as you will communicate better and turn  "his" and "hers" into "ours".

Finally, before you actually make the jump you need to consider three things. First determine what is holding you back. Are your monthly expenses too high? Is there debt you can eliminate or pay down that will lower your monthly commitments? Second, have a fully funded emergency fund. It's important to have this anyway, but especially if you have one income. The worst thing that could happen would be for you to have an emergency right after going down to one income and have no cash in the bank to cover it. Third, test it out. Go ahead and budget on one income and see what that would look like in your life. Test it out for a while and then you can determine if this is something you really want to do.

If you would like any help in determining how your family can make it on one income I would be more than glad to help you.

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.

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.

February 3, 2013  
00:0000:00

Highlights of today's show:

  • The "4-1-1 on" series continues with guest Lucas Seipp-Williams
  • Living a healthy lifestyle is more than just what you eat everyday
  • Maintaining a healthy lifestyle is about remembering your "why"
  • What have you had to cut back on to make up for the increase in social security?
  • Moving up the ranking chart on Stitcher . . . thanks to you, the listener

Lucas Seipp-Williams from BaltimoreHealthCoach.com joins us on today's show to talk about living a healthy lifestyle. Lucas has been a health coach since 2006. He started getting into coaching after looking at himself and his family's health situation, which inspired him to start looking at his life. He enjoys coaching because it allows him to show others how good life can get.

To Lucas, living a healthy lifestyle means understanding ourselves better. He has the experience that having good healthy behaviors links to other areas of our lives. The tendencies he has seen people exhibit that have led to lasting changes include knowing what your "why" is, telling everybody you know, and getting early victories. Accountability is critical to seeing change in your life and having people hold you accountable is a sign of strength, not weakness.

You can find more about Lucas at his websites and on social media

In addition, I would love to hear how you are adjusting your budget to compensate for the decrease in your take-home pay due to the expiration of the 2% decrease in Social Security payroll taxes. You can share your answer at the JW's Financial Coaching community Facebook page.

Also I want to thank all those who listen to the podcast via Stitcher. Over half our listening audience listens to the show via Stitcher and after looking at the latest business podcast rankings, the JW's Financial Coaching podcast is ranked #62 amongst business podcasts. Thanks so much to those listening to the show on Stitcher; we couldn't do it without your support. Now it is up to me to improve the podcast to the point where it gets ranked in the top 25!

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.

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.