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!

December 18, 2016  
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  • How Lisa and I spent more than we made in 2016
  • Why I felt that we were throwing money away left in right this summer
  • Why Savings is our future goal
  • What are goals are for 2017
  • Quote of the lesson from John Maxwell

 

 

As a financial coach and mentor, one of the main things I teach and show clients is the importance of living on less then you make. Yes it is a simple concept in theory, but in practice very few of us actually do it.

But there it was on our net worth statement for the end of November.

A decrease of over $10,000 in cash from January 1 through the end of November!

Today we discuss how that happened, why it happened, and most importantly why Lisa and I are actually ok with us spending more than we made in 2016.

We also breakdown why we are making savings a bigger goal in 2017.

But the encouragement today is that if you are a saver, you have the money saved, and the time comes to spend the savings on whatever . . . . don’t hesitate in spending the money, DO IT! It’s why you ultimately saved in the first place.

If you want to learn how to determine and ultimately reach your goals in 2017 please signup to receive the Goal Setting Spreadsheet that I will be sending out later this month.

Other Resources mentioned in this lesson:

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

“A budget is telling your money where to go instead of wondering where it went" ~ John Maxwell

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