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!

April 24, 2016  
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  • Personal Finance is more than just the numbers
  • What is Mindset?
  • What Mindset on money do you have that is a hindrance?
  • How our mindset impacts our finances
  • Quote of the lesson from Adam Braun

The JW’s Financial Coaching Podcast_103

A lot of us are scared to look at and manage our finances. Often because the thought of dealing with numbers is a scary proposition. But the more and more I study and learn about personal finance, the more I realize that the numbers are actually a small part of the process and that behavior is actually more important.

I think Dave Ramsey says it best that "Personal Finance is 80% behavior and only 20% head knowledge." So today we're focusing on the behavior aspect our finances. But we're going deeper then just behavior, we're actually going to talk about the mindset that allows that behavior to happen.

To me mindset is actually even more important than behavior. That's because the behavior is important, but the mindset that allows us to change our behavior is even more important than the behavior ourselves. In today's lesson we try to prove that out by using the following three examples:

  1. Our mindset in paying off debt
  2. Our mindset in saving for a down payment for a house
  3. Our mindset on how we actually view money

What is the point of today's lesson? The point is to challenge you how you view your finances and look at your own mindset when it comes to money. Do you have a negative mindset towards money? What about debt, budgeting, saving, investing, etc.? Mindset alone won't pay off you debt, save for emergencies, or start to give more. But it will keep you motivated and grounded as you move towards you goal.

Below are other podcasts and blog posts mentioned in the show:

Today's quote of the lesson is brought to you by Audible.com

"Big waves start with small ripples.”Adam Braun

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.

April 17, 2016  
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  • Why I wrote "A Tale of Two Houses"
  • What inspired me to write a book in the first place
  • What "A Tale of Two Houses" isn't about
  • What "A Tale of Two Houses" is about
  • Quote of the lesson from Chris Rock

The JW’s Financial Coaching Podcast_102

Now that my new book "A Tale of Two Houses-Our journey of buying a house the right way after buying one the wrong way " is now available for purchase I wanted to take some time and share why I wrote it.

Writing a book is a big undertaking. The actual writing of the book is very hard, but that might be the most easiest thing in the whole process. But why did I finally decide last December that enough was enough and that it was time to finish up already and release the book?

Because the message of "A Tale of Two Houses" is needed. Having talked with other individuals, either in one on one coaching or in promotion of the book, I have come to realize that many of us don't actually know what we are doing when we buy a home, especially for the first time.

There's nothing wrong with that except for the fact that buying a home is probably the largest purchase we will have ever made, and we put little or no thought into the process.

Because of that I wrote "A Tale of Two Houses" to help guide you a long the process. This is not a technical, step by step, guide written by a real estate agent. Instead this is a book about our journey, with real life numbers, of first selling our condo and they buying a new home for our family. After reading "A Tale of Two Houses" I guarantee you will be more aware of what the process is and you will be able to take control and save you thousands of dollars.

My goal is to sell 500 copies in the first 90 days of its release. While that is a big goal, I need your help. If you know of someone who is looking into buying or selling their home in the near future would you mind forwarding them a link to the book? I truly believe that if you read the book and apply it's principles you will easily save at least $1,000 on your purchase. At its current price that is more than a 100x return on investment!

You can purchase a copy directly from Amazon at JWFinancialCoaching.com/Amazon

Or you can visit JWFinancialcoaching.com/TaleofTwo to learn more about the book and even download the introduction and first chapter for free.

Thank you so much for your support of "A Tale of Two Houses" I couldn't do it without you guys.

To check out guest appearance I've made in the Media for "A Tale of Two Houses" please check out the Media page.

Today's quote of the lesson is brought to you by Audible.com

"'Wealth is not about having a lot of money; it's about having a lot of options.”Chris Rock

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.

April 3, 2016  
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  • Having a down payment is an important part of buying a home
  • Where not to get a down payment for your next home
  • Borrowing money for a down payment is like a shell game
  • Why we need to beware of government programs that "help" home buyers
  • Quote of the lesson from David Henry Thoreau

The JW’s Financial Coaching Podcast_101

Having a down payment for your next home is an important thing to do. So much that I spent a chapter in my new book on buying a home, A Tale of Two Houses, talking about it.

But today we are going to be talking about where to NOT get a down payment for your next home. Not all down payments are the same and I would avoid recommending getting a down payment from these sources.

  1. 401(K)
  2. Roth IRA
  3. Loan from family
  4. Home Equity Loan
  5. Government program

We go through each one and share why I wouldn't use these sources as a down payment for a home.

Other resources mentioned on today's show

Also, join myself and Steve Stewart this Tuesday, April 5th 9:30 PM EST for a Blab session on the Best practices for buying a home.

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.” – David Henry Thoreau

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.