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!

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  • Different format to the show today
  • Sharing my thoughts from doing 100 lessons of the show
  • Doing the podcast has taught me a lot about money
  • How you can help show your support for the show
  • How you can buy a copy of "A Tale of Two Houses"

The JW’s Financial Coaching Podcast_100

For the 100th lesson of the JW's Financial Coaching Podcast, we're going to do something different. I'm sharing 100 different money thoughts I've learned since I started the show.

If you have been a listener to the show for a long period of time you know that there have been more than 100 lessons of the show. I originally started the show back in 2010 and only started to number the lessons in 2012.

Either way for today I started out by coming up 100 short thoughts I have come to believe while doing the show. These 100 then were grouped in 14 different categories.  They are:

  1. Money is . . .
  2. Debt
  3. Owning a home
  4. Giving
  5. Budgeting
  6. Spending
  7. Joint Finances
  8. Investing
  9. Saving
  10. Credit Scores
  11. Education
  12. Taxes
  13. Emergency Fund
  14. Podcasting

Hopefully you enjoy the show, I'd love to hear feedback on whether or not you enjoyed it. Ultimately thought I couldn't do it without you. I know I always say that, but I say it because it is true. Thank you for being a listener to the show, I am excited to share with you some big things I have for the show later on this year.

Also "A Tale of Two Houses-Our journey of buying a home the right way after buying one the wrong way" is now available for pre-sale. The book releases April 12th but order now to get the lowest price you'll find it and receive two exclusive bonuses for pre-ordering the book.

Enjoyed this lesson? If so, please consider taking a few minutes to leave 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 Stitcher SmartRadio or iTunes, or by downloading the iPhone app. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page.

March 20, 2016  
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  • What we learned when purchasing a new vehicle
  • Why our opinion of car payments was reinforced
  • How paying for cars in cash is worth the price
  • "A Tale of Two Houses" Webinar replay
  • Quote of the lesson from Dave Ramsey

The JW’s Financial Coaching Podcast_99

Today's lesson we share a recent personal story of how we paid cash for our latest vehicle purchase. Paying for a new vehicle in cash felt amazing, but also left me in a little bit of a haze. Find out what put me in the haze, and how I snapped out of it.

Just for fun I decided to determine what our payment would have been had we took out a loan. I then compared it to our budget and tried to determine what we would have had to cut out of the budget to make our car payment fit and the options weren't pretty.

Also find out how our beliefs about debt were reinforced during the process and ultimately why we don't have a car payment.

If you are working towards paying off your car loan and want to pay cash for your next vehicle, let this lesson be an encouragement to you. The price to pay to make this happen is steep, especially for your first cash car. But the pain is worth it. The feeling of not having a car payment and the flexibility to give, invest, and pay extra on our mortgage trumps any need to drive a better car.

Other lesson's mention in today's lesson:

Today's quote of the lesson is brought to you by my new book A Tale of Two Houses

"'The worst car accidents happen on the showroom floor.”Dave Ramsey

Enjoyed this lesson? If so, please consider taking a few minutes to leave 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 Stitcher SmartRadio or iTunes, or by downloading the iPhone app. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page.

March 6, 2016  
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  • Is your house an investment or a liability?
  • Not always a Black or White answer
  • How you buy your house helps determine whether it is an investment or liability
  • How to attend the Pre-Sale Launch Webinar for "A Tale of Two Houses"
  • Quote of the lesson

The JW’s Financial Coaching Podcast_98I'm hosting a webinar on Tuesday March 8th at 9PM EST for the Pre-Launch Party for my new book "A Tale of Two Houses-Our journey of buying a home the right way after buying one the wrong way." I hope to see you there, if not there will be a replay made available.

So is your house an investment or is it a liability? On today's podcast we dive into that question by looking at both sides of the question. Like most things in life it is not a black or white issue. Just shades of gray.

We breakdown each one and attempt to answer the following

  1. How our house is like an investment
  2. How our house is not like an investment
  3. How our house is a liability
  4. How our house is not a liaiblity

For me whether or not your house is an investment or a liability depends mostly how you buy it. If it is a modest home for your income, you have a manageable payment, and plan to pay off your mortgage, then your house can be an investment. However I'm not treating my house like a typical investment in that I'm counting on it to produce income in the future.

If you are house poor, struggling to make the payment each day, and can't make any traction in paying off your consumer debt, or can't start to save for retirement then your house is probably a liability in the grand scheme of things.

Today's quote of the lesson is brought to you by my new book A Tale of Two Houses

"'Good' or 'bad', debt costs money if you're not paying in full each month, which prevents reaching other financial goals.”Unknown

Enjoyed this lesson? If so, please consider taking a few minutes to leave 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 Stitcher SmartRadio or iTunes, or by downloading the iPhone app. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page.