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!

August 11, 2013  
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Highlights of today's show:


        
  • New series starting today focusing on finances and life events

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  • When to start talking about money when you are dating

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  • What to do financially when you are engaged

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  • Why you don't want to just ignore disagreements over money

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  • Why getting on the same page financially is so important


Today on the podcast we start a series I've wanted to do for a long time. We're going to be focusing on specific life events and how our finances are impacted. The series kicks off by discussing finances for couples who are seriously dating or engaged.

Engaged and newly married couples are one of my favorite groups to work with. That's because it is really exciting to see two people come together and combine their lives, including their finances.

With that being said, the whole topic of money can be kind of awkward to talk about when you are dating. Questions arise such as when to bring up the topic and how much to share. On today's show we attempt to answer all those questions in addition to answering questions on what to do when you are engaged and what happens when you disagree on money.

For more discussion on this topic please check out the following:


I also share an interesting article I found online citing a survey that found most people worry more about the financial consequences of a critical illness than dying. Now we could do a whole show on why this is or spend some time talking about the importance of getting long term care insurance. But to me it is another example of why we talk about improving your economy. There are plenty of things to worry about financially; your debt, how you will pay for your child's college, and how to save for retirement, just to name a few. But when you focus on your economy and start to gain control of your money those fears will start to lessen and you can put your emotional energy into other, more productive things.

I also have special news for those listeners who have an iPhone. The JW's Financial Coaching app is now available to download. The app allows you to choose a lesson, view its show notes and listen to the show, all right from your iPhone without having to browse the web.

You can subscribe to future podcasts through Feedburner, Stitcher 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.

May 12, 2013  
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Highlights of today's show:

  • One of the best things you can do for your marriage is to get on the same page financially
  • Focus more on the "Why" instead of the "What"
  • Sometimes you have to compromise
  • Share what getting on the same page would mean to you
  • Receive access to the "JW's Manifesto on Money" by signing up for the JW's Financial Coaching newsletter

I don't know what it is, maybe it's that my wife and I are celebrating our wedding anniversary this week, or maybe that it's wedding season. But I felt like today I needed to talk on the podcast about how to get you and your spouse on the same page financially. It's one of the best things that can happen to your finances but a lot of times it's harder said than done and will keep a couple from winning with money.

Today we discuss the four ways to help get your marriage on the same page financially:

  1. Focus on the "What" and not the "Why"-So often one spouse will read a book, blog, or listen to a new podcast on money and they'll get so fired up that they'll come home and talk about "What" they need to do; cut up the credit cards, start to budget together, sell the other's car. But they don't share the "Why" and they wonder why their spouse looks at them funny and says "You're crazy!" But if you instead share the "Why," there is a greater chance of you coming together and coming to an agreement.
  2. Be patient-Along with #1, you need to be patient with your spouse. Just because you got some new information and are ready to become intense with your money doesn't mean that your spouse will be just as enthusiastic. But give it some time; the more you talk about and discuss it, the more they will get comfortable with the idea of making changes in your financial life.
  3. Be willing to compromise and work together-You might be ready to sell both your cars and cut up your credit cards and never use them again, but your spouse might not want to. What do you do? You compromise and maybe you decide to take the lead, sell your car, stop using credit cards and instead use cash. This will work because your spouse will see what this does to your bank account each month and before you know it they'll be willing to sell their car as well. You might not always get what you want, but the more you compromise with each other the closer you will come to sharing your finances together.
  4. Share how much it means to you-Your spouse might be hesitant to get on board with a financial plan because they might think this is just a fad you are going though. But if you have a sit-down conversation and share what being on the same page will mean to you, I think your spouse will realize you are serious about this and will be more willing to work together.

There's how I would go about getting on the same page financially with your spouse. But what about you? How have you gotten on the same page with your spouse and what did it do for your marriage? I'd love to hear your thoughts in the comment section below.

Also I'm doing an upcoming podcast on how to save money on vacations. If you have any tips on how to save money on travel, where to get good deals on the Internet, or some nice vacation spots that people don't know about, please contact me and I'll share your tips with the listening audience.

In addition, I finally have created a newsletter for JW's Financial Coaching. This newsletter will be published once a month and will have exclusive content, allow you to learn of new products and features from JW's Financial Coaching first, and let you know about other good personal finance information around the net. You can register for the newsletter here, and in addition to receiving the newsletter, those who sign up will receive a free download of the "JW's Manifesto on Money." This is a 20 minute audio recording sharing my views on money including the topics of spending, debt, saving, marriage and money, where money fits in your life, and how you can win with money. I'm excited to share the manifesto with my newsletter subscribers.

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.

April 14, 2013  
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Highlights of today's show:

  • My wife Lisa joins me on the show to share our experience in picking a realtor
  • Why we learned it's important to get different opinions
  • How we've gotten our home ready to put on the market
  • What's next for us in selling our home
  • Ways to increase your financial literacy during Financial Literacy Month

Today my wife Lisa joins me on the show to help share our experience so far in selling our house. Together we discuss the thought process on how we went about selecting a realtor, what we have learned about getting our house ready to put on the market, and how much we have looked at new homes to buy.

[caption id="attachment_10211" align="alignleft" width="200" caption="Lisa and Jon"]Lisa and Jon [/caption]

We hope to do more of this type of show in the future once we start to show the home and receive bids on it as well as when find a new place for our family. If you have any experiences you would like to share with picking a realtor, showing your house, or anything else related to you selling your home, please leave a comment below.

Lisa has been on the show before to talk about managing finances as a married couple, cheap date night ideas, sharing our financial goals, and sharing the listeners goals for 2013.

In addition, April is Financial Literacy month. I'm not going to do any podcasts based on financial literacy this year as I feel that financial literacy is a continuous endeavor no matter what your financial situation is. So instead, my challenge to you this month is to learn something about personal finance you have wanted to but haven't for whatever reason, whether it be on budgeting, investing, insurance, or something else. If you are looking for literature to help you out please take a look at my recommended reading list and see if there's anything on there that can help you out.

Below is a list of podcasts I have recorded and articles I have written about financial literacy month.

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  
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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.

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Angie Six from justlikethenumber.com joins us on today’s show to share how her family paid off $100,000 in debt in 6 and half years! Their debt was made up of student loans from both her and her husband as well as two nice new cars. To get their debt payoff accelerated, they made some temporary sacrifices by selling not one, but BOTH of their new cars. While the sacrifices were not always easy, Angie says she and her husband still had a great time getting out of debt.

Some of the keys for them getting out of debt included being around like minded people to keep them motivated and remembering their goals. Other things that helped them stay focused were a budget, taking Financial Peace University, and being on the same path with each other. Now that they are debt free they have been able to travel more, have started to save for retirement, and are able to send their son to pre-school.

Angie started justlikethenumber.com in 2006 shortly after they paid off their debt. The original goal of the blog was to keep in touch with friends and family when they moved from Tennessee to Indianapolis. To anybody wanting to start blogging, her advice is to just start blogging. It won’t be perfect at first, but just start to write. You can find her on both Facebook and Twitter.

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.

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.

February 20, 2011  
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In today's Love and Money series podcast, we cover combining finances in marriage.  Should you combine your finances? When should you combine?  How should you combine? All those question are answered and more.  In addition, we discuss why combining your finances not only will help your checking account, but also communication in your marriage.  

As a reminder, if you want your questions or funny stories read on air for the special "Love and Money" podcast, please visit the "Love and Money" podcast page to submit your questions/stories.

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

February 13, 2011  
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On today’s “Love and Money” podcast we are discussing the financial differences between men and women.  Knowing and understanding these differences plays an important role in reducing money fights and getting on the same page financially with your spouse.  In addition we also dive further into the different ways money is viewed.  Are you a nerd or a free spirit?  A spender or a saver?  Why is it important to know?

As a reminder, if you want your questions or funny stories read on air for the special "Love and Money" podcast, please visit the "Love and Money" podcast page to submit your questions/stories.

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