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 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 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.

January 27, 2013  
00:0000:00

Highlights of today's show:

  • The "4-1-1 on" series continues with guest Kent Irwin
  • Kent has over 30 years of Financial Planning Experience
  • Kent was urged to create eFinPlan by his wife
  • eFinPlan is a web-based application that allows you to input your financial data and get a comprehensive financial plan
  • Learn how to earn 15% off when using eFinPlan

The 4-1-1 series continues today with a review of eFinPlan and financial planning with guest Kent Irwin. eFinPlan is a web-based application that allows you to input your financial data and get a comprehensive financial plan report. Kent first got the idea to create eFinPlan from his wife who asked Kent one day what is out there for people who can not afford to hire a financial planner. When Kent said there was really nothing, that's when the idea started to form. It went live July 2007 and has been helping people ever since.

I have written a blog post on how eFinPlan works but it is quite simple. First you input all your basic financial information such as your income, assets, debt, and insurance policies. Then you answer questions related to your spending habits, retirement plans, and investing beliefs. This is good because it forces you to think about these items as you enter them into the system.

After inputting all your financial information and determining your views of money, eFinPlan then produces a 65 page report. The report has different sections including a net worth projection, insurance explanation, college planning, retirement simulation and more. It doesn't just provide information and projections, it also educates you on why it is important to reduce debt, save more, and budget your income. Kent likes to remind people that filling out the information and looking at the report is investing in your future and gets you prepared to reach your financial goals. The good thing about eFinPlan is that you can change your information at any time whenever something changes in your life.

From Kent's experience, there are four ways that people are lacking when doing a financial plan: 1.) They are not budgeting properly 2.) Not having adequate life insurance 3.) Not investing as much as they need to 4.) Having too much debt.

eFinPlan has a 30 day free tryout period. In addition, to receive 15% off the purchase price please use the coupon code JonW1 when checking out. In addition to running eFinPlan, Kent blogs about personal finance at the following sites:

"Personal finance is not related to numbers, it's related to habits" ~ Kent Irwin

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 20, 2013  
00:0000:00

Highlights of today's show:

  • The "4-1-1 on" series kicks off today with investing
  • Devin Czech joins us to share the cardinal principles for retirement investing
  • Why investing is such a confusing topic to discuss
  • What are some of the mistakes people make when investing?
  • Who are you taking your advice from?

The 4-1-1 series kicks off today with investing with guest Devin Czech. Devin writes a blog at payczech.blogspot.com in addition to having a YouTube channel.  He got an interest in studying and educating himself about investments while in college. One of the biggest reasons why people struggle with investing, Devin believes, is due to lack of financial education on this topic. Today we discuss in depth an article he wrote on this blog titled The Cardinal Principals for Retirement Investing.

Systematically investing is the practice of making constant contributions into long term savings. Essentially it's setting consistent contributions every paycheck into either a 401(K) or IRA instead of just talking about doing it. By systematically investing, you are spreading risk by dollar cost averaging. In addition, you allow the power of compound interest to work in your favor.

Diversification is simply following the principal of "not putting all your eggs in one basket." But it is more than having the correct selection of stocks, bonds, and cash. It's investing in a lot of different funds that include large, small, and international companies. With that being said, diversification will look different for everybody depending on factors such as your age and risk tolerance.

Finally, it's also important to remember not to jump off the roller coaster when investing. When we are talking about investing,we are looking at the long term and not the day to day movement of the market. According to Devin, when it comes to investing, "You want to look at years, not hours." The biggest mistake people make when investing is jumping in and out of the market depending on whether it is going up or down.

To learn more about investing, Devin recommends to read about investing from a variety of sources. Don't just read one book and think you are an expert; rather learn from a lot of different resources and decide what style works best for you.

In addition, I was recently honored to be a guest on my buddy Steve Stewart's MoneyplanSOS podcast episode #92 Know where your advice is coming from. Steve and I talked for about 20 minutes and discussed why this is such an important topic. There is so much bad financial advice out there,but what Steve and I try to do on our respective podcasts is to share quality financial advice that is practical and allows you to win with 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.

November 25, 2012  
00:0000:00

Highlights of today's show:

  • Derek Olsen joins us on the show today
  • Derek just released his book The Four Week Financial Turnaround
  • Derek and his wife went through a short sale at the beginning of their marriage
  • It taught them that they had to communicate about finances early on
  • Learn how you can win a free copy!

Derek Olsen joins us on today's show to discuss his new book The Four Week Financial Turnaround*. We also discuss how he and his wife went through a tough financial storm early on in their marriage when they were forced to do a short sale. Derek shares how stressful that process was in addition to sharing why it took four hours for he and his wife to do their first budget. By reading the book and applying the principals into your life Derek believes that you will be able to save more money at the end of the four weeks.

For more information on the book you can visit the website at FourWeekFinancialTurnaround.com. There you can download a free chapter of the book in addition to learning how you can receive some bonus gifts for purchasing the book during its official launch week.

Derek also blogs about personal finance at beatnikbudget.com. In addition,  he and his wife just started a website at HisPlusHersEqualsOurs.com dedicated to helping other married couples support each other in life's most fundamental areas.

You can also enter to win a free copy of the Four Week Financial Turnaround that I will be giving away later on in the month. There are three ways to enter: 1) Leave a comment below saying that you listened to the podcast. 2) Leave a review of the podcast in iTunes. Just leave an honest review in iTunes, it doesn't have to be 5 stars, and you will be entered. 3) Like us on our Facebook page at Facebook.com/JWFinancialCoaching You have until December 9th to enter and you can enter all three ways. On December 10th I'll draw a winner and Derek will send you your free copy.

Finally, I need your help for the final podcast of 2012. I’m trying to collect testimonials from you, the listener, on what you have done to improve your finances in 2012 as well as finding out what your goals are for 2013. Please take 2 minutes and fill out the contact form with your answers. I plan on reading all of them on the final edition of the podcast this year. My goal is to read off 100 of these so thank you in advance for your participation.

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 awhile 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 31, 2012  
00:0000:00

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 21, 2012  
00:0000:00

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  
00:0000:00

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.

September 30, 2012  
00:0000:00

Highlights of today's show:

  • Jeff Anderson joins us on today's show to discuss his book Plastic Donuts
  • The book was inspired by Jeff's daughter giving him an innocent gift
  • Plastic Donuts will give you a fresh perspective on giving
  • Money and giving will always be a tough topic to discuss in the church
  • Jeff discusses how we need to give according to one's ability

Jeff Anderson from AcceptableGift.org joins us on today's show to talk about his book Plastic Donuts*. Jeff wrote the book after receiving a gift of a plastic donut from his 18 month old daughter. After seeing how much his daughter enjoyed giving the gift, it gave Jeff insight on how God looks at our gifts.

The goal of Plastic Donuts is to give you a fresh perspective on giving. Jeff has been involved in Christian Stewardship for a few years now because he realized that he could not love both God and money. That led him to start Acceptable Gift to present giving from God's perspective.

Jeff never considered himself to be an author or a writer. The one major thing Jeff learned about writing was how to take your beliefs in your head and put them down on paper. His two words of wisdom for people contemplating writing a book is to 1.) Just begin the process 2.) Hire a writing coach

You can purchase Plastic Donuts on Jeff's website. If you do purchase the book through his website, please let them know when ordering that you heard about the book from this podcast and you will receive a second copy for free.

* Affiliate Link

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.

September 23, 2012  
00:0000:00

Highlights of today's show:

  • Nathan W Morris joins us to discuss his book Your 33 Day Money Action Plan
  • Nathan wrote 4 manuscripts before the final book was released
  • At the end of the book you will have a solid plan to attack your finances
  • 33 days full of tips and advice to be used as a checklist to see how well you are doing
  • Nathan's advice to anybody wanting to write a book is to just do it

Nathan Morris from NathanWMorris.com joins me on the show to discuss his book Your 33 Day Money Action Plan*. Nathan had wanted for awhile to write a book to help multiply his message.  Nathan wrote the book to help give people a step by step action plan on how to get their finances in order. At the end of the 33 days, you will be organized in your finances, have started to develop a solid plan to attack any weaknesses you have in their finances, and know how to cut back waste and control your spending.

The book is meant to be used as a checklist to see what you are doing well and what areas you can work on. One of the main topics in the book is determining your "why."  Your "why" is important because to make changes you have to have concrete reasons for the change. Nathan has found in his experience that having "whys" that are focused on others tend to work better then those "whys" that are centered on self.

Growing up, Nathan never considered himself as a writer or author. In fact in college, Nathan received an "F" on his final college paper. Throughout the process, the easy part of writing a book is the actual writing. The hard part was just making the time to write it down, doing the editing, and marketing the book. Nathan sees himself releasing another book in a year or two. His advice to anyone who wants to write a book is to just do it.  If you have a story to share, don't let your lack of previous writing get in the way.

* Affiliate Link

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.

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