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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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.

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Highlights of today's show:

  • Answer a question from a listener
  • Where to put all your extra cash from savings
  • Keep your savings accounts very basic
  • Save for college using 529 and ESA accounts and take advantage of their tax treatment
  • If you are interested in audio books, check out audible.com

It’s a nice problem to have: having to find out where to stash all your extra cash. But it is an issue that will come up once you are debt free. Today’s topic is about where to put your different savings accounts. The question for today came from someone who listened to the replay of the “You are Debt Free . . . Now What?” Teleseminar.

You want to keep your emergency, vacation, car, and other savings account(s) separate from your general account so that way you know how much money you have in savings. For anything that you are planning to use in less than three years, I recommend using a simple savings account. Yes, you won’t make very much interest, but the money will be there when you need it and you don’t have to worry about it being tied up in stocks.

Should you have a separate savings account for each thing you are saving for? You can and I would recommend you keep you emergency savings account separate, but keeping your other savings separate is up to you. I personally use the non-monthly and savings worksheet to help keep track of our savings accounts.

In addition, for college savings use either an ESA or a 529 plan. Those plans have special tax advantages over investing them yourself. For more information, check out the video I did for Financial Literacy Month on college savings or check out the podcast I did explaining ESA and 529 plans.

In addition, if you interested in listening to books I highly recommend you check out audible.com and sign up for their free 30 day trial. My wife and I have really enjoyed what audible offers and you can actually get a free audio book by signing up.

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.

January 15, 2012  
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Highlights of today's show:

  • Continue our goal setting theme this month
  • Why it is important to have financial dreams
  • Debt makes it harder to dream
  • What is your financial dream?

It is important to have a dream. When you feel like you cannot dream anymore, that is the point where you are defeated. On the Debt Free Living podcast I always ask what the guest’s long term dreams are and I have gotten some great answers. I truly believe that those who are debt free are able to dream better than those who are not debt free.

Debt makes it harder to dream because with debt you are always thinking in the moment, wondering how you will pay your bills and not able to think about the future. Another way of putting this is figuring out your “Why.” Your "Why" will keep you going through the hard times and enable you to accomplish your dreams.

If you would like some help developing your dreams, I am offering my two hour financial checkup coaching package for only $99 in the month of January. I would love to sit down and work with you on developing your financial dreams and figuring out how to accomplish them.

In addition, my friend Deacon Bradley from lifestoked.com is offering his CRUSH2012 course starting soon. I took it back in December and it really helped in developing some goals for my life- not just financial, but also other areas such as spiritual, relational, physical, and career goals. To register please visit Deacon’s site. If you use the promo code ‘ThanksJon’ you will receive 25% off!

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.

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 at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

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Highlights of today's show:

  • Steve Stewart joins us again
  • Long term things you can do with money
  • Pay for things you want to do with cash
  • Time to enjoy your money
  • How do you accomplish your goals?

Steve Stewart again joins us to discuss setting your financial goals in 2012. In part I, we discussed the things you need to do before you can set your goals. Today we discuss what are some things to aim towards in 2012.

After getting your debt paid off and having an emergency fund, now you get to enjoy your money! What are some things you have wanted to do but could not because of monthly payments? Things such as vacations, home remodels, and buying newer cars fall into this catagory.

In addition, now is the time to start saving for your retirement. Steve has done an excellent video on the importance of saving early for retirement titled "tree-tirement". But where do we save for retirement? The two most common ways are through 401(K)'s and IRA's

Finally, it is one thing to talk about your dreams and goals, but it is another to actually go out and do them. So how do we accomplish our dreams? You must do these things:

1. Write them down so you can be reminded of them everyday.

2. Make them specific and measureable.

3. Figure out your "Why." Why do you want to accomplish these goals?

4. Map out how you will accomplish them. How much do you need to cut from your budget to make this happen? How much do you need to save? How will you save the money?

5. Look at the long term reward and not the short term pain.

If you would like some help making your 2012 a winning year financially, I am offering my two hour financial checkup coaching package for only $99 in the month of January.

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.

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 at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

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In today’s show we finish up our discussion on saving. How do we save for purchases, both short- and long-term? Why do we need to save for retirement and how does saving money create wealth which can change your family’s financial path? These topics are covered in detail today.

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

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Today's podcast kicks off the 3 things we do with money series by discussing spending. Spending, by percentage, is by far the greatest thing we do with money. Jon discusses the difference between good and bad spending as well as how to get control of our spending. In addition, we discuss why it is important to know your weaknesses with spending and how that can impact your financial plan.  

As mentioned in the podcast, my friend Aaron Nichols wrote a good blog post on his website comparing how we manage our finances through either our windshield or our rearview mirror.

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

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Today concludes the “My Experience in . . .” series by discussing my experience in planning a vacation. How was I able to stay under budget for my family’s vacation to San Diego last May? Tips on how to save on airfare, hotels, and meals are included. In addition we have a big announcement concerning February’s Podcasts.

As mentioned in the podcast, tripadvisor.com is a great resource to get reviews of local area restaurants.

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 -Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

You may subscribe to the Podcast either through Feedburner or iTunes.

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