It's a common question that a lot of folks ask when they hear about the idea of working with a coach: " Why should I pay someone when I can’t even make payments on some of our debts?" This is an understandable concern. The bills are already sky-high and it seems like there's hardly any … Continue reading “We Used a Coach…My Cousin Didn’t”
Almost everyone could use a few extra bucks in their checking account, am I right? Luckily, in our world today, there are tons of opportunities to get some cash fast. Let's consider just a few of the options available to us. 1. Have a Garage/Yard Sale Most of us have a bunch of random stuff … Continue reading 5 Quick Ways to Earn Some Extra Money
On the subject of retirement, I strongly advise my clients to operate based on the assumption that someday Social Security will not be a viable income source at age 65. The other options out there are long-term investments in tax-sheltered accounts, or pensions offered by employers. Over the past decade or so, there has been … Continue reading What is the Better Retirement Option: A Pension, or 401k?
In the Baby Steps program, the Four Walls are the fundamental necessities of your household's finances. These bills are paid before anything else; before the credit card company, before Sallie Mae, before the medical debts. Food The first category of no compromises is food. No matter how much debt you have, you and your family … Continue reading The Four Walls of Your Household’s Finances
When working your way out of debt, life doesn't simply just stop and wait for you to complete the process. It will still continue on and often throw extra curveballs along the way, almost as if its goal is to take you off track from your goals. One of those curveballs that life tends to … Continue reading “HELP! I’m Paying Off Debt But May Be Laid Off Soon…”
This is a common question that we as coaches get. A lot of people don't understand the nature of our trade and how we differ from financial advisors. That's understandable though, as the financial coaching industry is still a relatively new sector of the financial world. So let's define what advisors do versus what I … Continue reading What’s the Difference Between a Financial Coach and a Financial Advisor?
A common issue among homeowners is determining what appliances to buy for the house. There are a nearly inexhaustible number of brands and levels of quality out there these days, and it can be tricky determining what the best is for your particular home. Fortunately, I have some advice from an experienced and well-informed connection … Continue reading What Appliances To Buy: Some Tips From An Experienced Landlord
Step 3 of the Baby Steps program is to save three to six months of expenses in an emergency fund. This fund is not supposed to be used for shopping sprees, vacations, cars, sofa specials, or anything of that sort; only for true, emergency situations like a job layoff or medical incident. What to spend … Continue reading Where Should I Put My Emergency Fund?
Conventional "wisdom" says that there's no way around having a car payment every month. Vehicles are just so expensive that there's just no way a person can avoid it. You're stuck with that $500 a month payment and have to deal with it for the rest of your life. It turns out this conventional wisdom … Continue reading What’s the Problem with Having a Car Payment?
I'm very much an advocate of getting out of debt, you're probably aware of that if you've perused my site. I thoroughly believe in paying off our creditors and freeing ourselves from the bondage that debt brings. Nearly all of the debt in our lives comes from the choices that we made. But one debt … Continue reading Our Biggest Debt Is One We Could Never Pay