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!

January 26, 2014  
00:0000:00

Highlights of today's show:

  • The five toughest financial habits to break
  • My observations from working with clients over the years
  • How to break those bad habits
  • Your list of bad financial habits
  • How you can contribute to the completion of my new book

Websters defines a habit as a usual way of behaving or something that a person does often in a regular and repeated way. As a financial coach I've seen how good financial habits can help you reach your goals and I've also seen how bad financial habits can prevent you from reaching those same goals. Today I'm going to discuss the five bad financial habits that are the toughest to break.

These five habits are the toughest to break based on my experience in coaching with clients over the years. They are as follows:

5. Getting organized

4. Not having an Emergency Fund

3. Spend Now; Pay Later

2. Not working together with your spouse

  1. Pay Day Loans

We discuss each bad habit and cover a little bit how you can get away from each one. Unfortunately bad habits aren't easy to break, but you can break them over time.

Also I have created a survey to help with the creation of my new book on buying and selling a home. As many of you know my wife and I went through the process this past summer and it definitely is a life event. But the experience was a lot better then my first experience in real estate. Because I want your home buying experience to be a memorable one I'm writing a book detailing the real cost of buying a home by sharing our experience in addition to tips I've learned when coaching clients.

The survey is 9 questions long, totally anonymous, and is not a commitment on your part to buy the book when it is released. Even if you aren't planning on buying a home any time soon, please take the time to fill out the survey as your input is still valuable to us.

Enjoy this lesson? If so please consider taking five minutes and leaving a review of the show either in Stitcher SmartRadio, or iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes.

You can subscribe to future podcasts through FeedburnerStitcher SmartRadio, iTunes, or download the iPhone app. 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.

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.

January 19, 2014  
00:0000:00

Highlights of today's show:

  • Greg Pare joins me on the show
  • Shares how to B.A.N.K more in One Four
  • What happens when you budget your money before the month begins
  • The importance of knowing your why
  • Do something to make your 2014 a better year financially

Greg Pare from Gregpare.com joins me on today's show to discuss how you can B.A.N.K More in One Four. Most people set resolutions and goals in the new year but fail to reach them. According to a ComPsych Magazine survey, 92% of people lose sleep over finances. Greg came up with this concept as a way to show people how they can actually plan to save more and achieve their desired result.

Before you can B.A.N.K More in One Four however, you must first know your Why, according to Greg. This is important because knowing your Why will allow you to reach your goal.

"If your Why is strong enough, you'll figure out How." ~ Greg Pare

Greg and I discuss the B.A.N.K concept and what each letter stands for.

B-Is for budget. The word "Budget" can be a scary word for a lot of people. If the thought of budgeting your whole income scares you, just budget for one thing. It can be as little as setting aside $50 a month to have $600 at the end of the year for Christmas. But the point is that you have to plan where your money is going before you can actually save the money.

A-Is for action. It is one thing to say what you are going to do; it is another thing to actually accomplish it. Greg and I share how to take action and Greg breaks down the five things you need to do to set goals.

N-Is for saying no. This is in saying no to yourself. This is the shortest answer but also the most difficult to do. It is hard to say No to yourself initially but once you get some positive momentum going and you see the long term results of saying no, your ability to continue to say no will grow stronger.

K-is for killing debt. Greg and I share the benefits of getting out of debt. You might not be able to pay off all your debt this year and that's OK. But make it a priority to pay off at least one debt this year. That way instead of paying interest you get to keep that money for yourself.

You can learn more about Greg by visiting his blog, checking him out on Facebook, and following him on Twitter.

If you would like to hear more about my views on money, please sign up for our monthly newsletter. Once your subscription is confirmed you will receive a download to my audio recording of the "JW's Manifesto on Money" that goes in depth on my views about money.

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.

January 12, 2014  
00:0000:00

Highlights of today's show:

  • Good to be back on the show
  • My views and beliefs on money
  • What I believe about money is different than traditional financial advice
  • This was reinforced this past week
  • What you can do to jump start your finances this January

It's good to be back. I've been off doing the weekly show for three months after the birth of our second son. Things have finally calmed down and I'm excited to be doing the shows once again.

Since this is the relaunch of the show so to speak, I would like to talk today about what the JW's Finanical Coaching Podcast is all about. Today I discuss my five core beliefs on money and how they apply to your life.

In addition I share an article I found that totally goes against my core beliefs. I wrote my full response on the blog but I share on the show why these different beliefs on money are harmful, dishonest, and potentially dangerous to your life.

If you would like to hear more about my views on money, please sign up for our monthly newsletter. Once your subscription is confirmed you will receive a download to my audio recording of the "JW's Manifesto on Money" that goes in depth on my views about money.

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.

January 8, 2014  
00:0000:00

Highlights of today's show:

  • Your 2013 year in review
  • What was the best thing you did with your finances in 2013?
  • What one thing are you looking forward to doing in 2014 with your finances?
  • Do you have a plan for 2014?
  • The What, Why, and How of goal setting

Today is one of my favorite shows to do each year. Not because I have a great guest on or it is me talking about some profound topic, it is because this show is all about YOU. I asked you to answer the following two questions:

What's the best thing you've done with your finances this year?

What one thing are you looking forward to doing in 2014 with your finances?

We got a variety of answers from different people. Thank you so much to all those who participated, including Meg of Sparing Change and Josh Brown of Mr. Joshua Brown.

The goal of this show is to inspire you to make 2014 your year. Do you have a plan for 2014? If not, it is never to late to make one. Below are other shows and blogs on goal setting:

It is important to be intentional and spend time developing your goals because that is the only way I have found goals to come to fruition. Remember with goals to include the what, why, and how and make sure to remember that your goals are a long term thing. You have 365 days to accomplish them. They won't happen overnight.

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.