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!

00:0000:00

Highlights of today's show:

  • 13 ways to take control of your finances in 2013
  • Good reminders for whatever situation you are in
  • First you have to decide what you want to do with your money this year
  • Review your cash savings, retirement, mortgage rate, and insurance coverage
  • Look at your financial situations in the long run as well as the short run

Today we kick off the podcast in style by discussing 13 ways to improve your finances in 2013.  Whether you are doing all 13 things currently or doing none of them, this is a great list to go through and review; you might find a thing or two you can change to improve your finances in 2013. Below are the 13 things:

  1. Sit down and decide what you want to do with money in 2013
  2. Know where your money is going each month
  3. Look at how the recent tax change impacts your take home pay
  4. Look at your cash savings
  5. Eliminate debt
  6. Don't take out new debt
  7. Focus on your career
  8. Take a look at your long-term investments
  9. Review your insurance coverage
  10. Eliminate the clutter from your life
  11. Look at your mortgage rate
  12. Educate yourself
  13. View your financial decisions as long term

Is there something that I forgot? Please leave a comment below. In addition I also mentioned my recommended reading list as a good way to educate yourself in 2013.

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.

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.

May 27, 2012  
00:0000:00

Highlights of today's show:

  • Guest Steve Stewart joins us to discuss the S&P 500 History
  • The stock market has an excellent track record of long term success
  • How do you develop that long term mindset?
  • The Facebook IPO has not yet set the world on fire
  • Chris Guillebeau's $100 Startup book tour recap

Steve Stewart from Moneyplansos.com joins me on the show to discuss investing over the long run. Before you listen to the episode, please download the spreadsheet Steve created showing the 1, 3, 5, 10, and 20 year average returns of the S&P 500. While this is not a predictor of what the stock market will do in the future, Steve and I discuss why we are able to invest and not panic whenever the stock market drops 5% in one week and why we have a long term mindset when investing.

We also discuss a little bit about the Facebook IPO and the potential dangers of owning single stocks. Facebook stock will probably end up being a good investment in the long haul, but those trying to cash in after one week were sorely disappointed.

Finally, I recap Chris Guillebeau's $100 Startup* book tour stop he made recently in Columbus, Ohio. I have not yet had the chance to start the book, but I am really excited to read it after listening to him share why he wrote it. Chris wrote the book after interviewing hundreds of successful entrepreneurs. It got me thinking about who I am learning about success from. Am I learning about success from people who are successful in areas I am trying to be successful in? Or am I learning about success from people who are not really successful and just have an opinion?

* Affiliate Link

You can now find the podcast on Stitcher SmartRadio! Stitcher allows you to listen to your favorite shows directly from your iPhone, Android Phone, Kindle Fire and beyond. So if you have a smart phone and want to stream the podcast from your phone, please download the app from their website.

You can subscribe to future Podcasts either through Feedburner 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. Email me atJWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

00:0000:00

Gambling, home equity lines of credit, and insurance are the main topics on the show today. Gambling is not a way to build wealth, in fact, it will cause you to go the other way and become broke. If playing the lottery is your retirement plan then you are in trouble. But playing the lotto is not the only way we gamble with our money. We gamble by taking out huge loans and investing that money into either the stock market or in real estate. The thing is that you do not have to gamble to build wealth; be the tortoise and not the hare.

Home equity lines of credit get pushed as a good way to pay off your debt by consolidating. The problem is that by doing that you very rarely making the necessary changes that got you into the debt in the first place. In addition, you are also putting your home at risk. If you do have one we discuss what is the best way to go about paying it off.

Insurance is available for almost every single item necessary. You do need some insurance but figuring out which insurance you need can be quite difficult. We break down what insurances we recommend that you buy and which ones you need to avoid.

If you enjoyed this episode please 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. Please Email me them at JWFinancialcoaching@gmail.com -You may subscribe to the Podcast either through Feedburner or iTunes.

You can find prior editions of the podcast at the podcast archive page or by visiting our Facebook Fanpage.

00:0000:00

On today’s show we go into the world of health insurance by giving an overview of Health Savings Accounts. This is not an endorsement of HSA’s but rather how they work and which groups of people they could benefit. I have written before about how our family loves our HSA and today we discuss how it will benefit us when we have our child at the end of June or beginning of July. Everyone no matter how healthy or young you are needs health insurance and a HSA is a good idea if you want lower premiums and a high deductible.

Remember, we are moving the podcast to once a week starting in July. What day would you like to see the show released? Let me know in the comment section below or let me know on the Facebook Fan page

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. Please Email me them at JWFinancialcoaching@gmail.com -You may subscribe to the Podcast either through Feedburner or iTunes.

You can find prior editions of the podcast at the podcast archive page or by visiting our Facebook Fanpage.

00:0000:00

On today’s show we answer in detail a question from one our listeners who wants to know what to do with a Universal Whole Life insurance policy that was purchased when he was a child. What should he do with the policy? Continue with it or dump it and get term life insurance? We run the numbers and explain why 99.9999% of the time term life is always better than whole life.

On a related note, we did a show back in December on whole vs. term life insurance (beware of poor audio quality) and went into detail why you need life insurance.

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. Please Email me them at JWFinancialcoaching@gmail.com -You may subscribe to the Podcast either through Feedburner or iTunes.

You can find prior editions of the podcast at the podcast archive page