Do you ever feel like you wish somebody else was the adult in your house and you could just be a kid again? Or just go back to school and have everybody tell you what to do? As much as we all wanted to get out on our own, make our own money, make our own decisions and be the shot-caller, sometimes we realize that it stinks to be the one in charge.
As we meet with clients and brainstorm with them about how to manage their finances there are times when we sense what they are really asking is, “will you just tell me what to do?”.
And sometimes it is as easy as that. And we give them our opinion and move on. But sometimes it not that easy. I remember a young couple who came to me years ago and they had 3 big ideas on their financial horizon and they wanted to know what I thought they should do. To which (with all my vast wisdom) I replied, “I dunno!” I wanted to say, “I can barely figure out my own life much less yours” but I didn’t cause I am the financial coach and I get paid to help them figure out their stuff.
Continue reading “What should my Financial Priorities Be?”
We have created a short online class to talk through some key ideas about managing your personal finances. The class is FREE. Click here to register for the class and get more information.
Class Description– Gallup recently release a poll say that only 1 in 3 families have a working budget. Having coached families for 10 years now we have seen first hand the pressure that the lack of a plan brings. With so many people living paycheck to paycheck (70-80 percent). It is time to add some structure to the chaos. That is what this course is about. We will give a quick overview of key areas that will help you evaluate the way you manage your finances. And along the way help you become a generous manager.
The course is free but you can also sign up for a coaching session to talk through your Simple Budget for $100. Enter this code for $50 off the coaching session- TSB50
Continue reading “Online Class Invitation”
Crisis come in all shapes and sizes. As I write this, the whole world is experiencing the Coronavirus Pandemic. We are all huddled at home watching the news trying to figure out when the government is going to give us the all clear. In this particular crisis we are all struggling with the vulnerability of our health and our finances.
If you happen upon this article at a later time- the crisis you may be experiencing may not be as life altering as a pandemic, but a crisis is a crisis no matter the cause.
I assume that the reason that you are checking out this booklet is that you or someone you know is experiencing some kind of financial challenge. The content contained here is very basic and is meant to be a quick reminder of how to manage your finances in a crisis.
Our ministry has coached hundreds of families through many difficult situations. From sudden job loss, divorce, medical emergencies, transitions and the like. We find that there are few basic things that you need to be working through and evaluating. That is the purpose and content of this study. We want to help you work through 7 Financial Ideas for Weathering a Crisis.
We don’t know what kind of problem you are going through. But we are sorry you are where you are, and we do hope that this exercise will be helpful. If you would like to talk to a Freedom 5:one Financial Coach go to our website (www.freedom5one.com) and contact us. We would love to help.
Click here to download this on our Financial Hotline.
We all grow up dreaming of a Wonderful Life. Family and friends who love us. Good job. Nice house. Plenty of food. Enough money to take care of our needs and even some of our wants. When I got married one of my friends was asked to give us some marriage advice. His advice was classic. “Tim, give Terri everything she wants.” He added, “and Terri, only want what you need.” I can still remember his wife catcalling from the background about his bad advice. But, behind his playful banter was a principle. And the principle is this; for a family to be successful the family has to be on the same page and have a plan. Particularly in the area of money. Nothing will challenge a marriage more than how to manage the family resources. Continue reading “Do You Have a Wonderful-Life Financial Plan?”
Ever wonder what Jesus had to say about money?
Some say that He spoke as much about money as heaven or hell. Ever wondered where the Bible verses are located regarding this topic? We have taken the guess work out of it. We have identified the key passages in the gospels where Jesus talks about money, uses money to illustrate something or where money intersects strongly with the topic at hand. Click here to get the study!
Side note: Some of the parables about money are in more than one gospel, so we included it all. You can compare between them for your own edification!
We all grow up dreaming of a Wonderful Life. Family and friends who love us. Good job. Nice house. Plenty of food. Enough money to take care of our needs and even some of our wants. When I got married one of my friends was asked to give us marriage advice. His advice was classic. “Tim, give Terri everything she wants.” “Terri, only want what you need.” I can still remember his wife catcalling from the background about his bad advice. But, behind his playful banter was a principle. And the principle is this; for a family to be successful the family has to be on the same page and have a plan. Particularly in the area of money. Nothing will challenge a marriage more than how to manage the family resources. Continue reading “Signs of a Healthy Financial System: Do You Have a Good Plan?”
There was a day in the not so distant past where balancing your checkbook was a given. Before the days of the debit card and electronic banking, it was pretty important to make sure that you agreed with the bank about how much money you had. The bank would snail mail your statement and then you would painstakingly check off the bank charges, bank interest, the checks that had cleared, and the deposits that had cleared and then figure out what was still outstanding. Every month like clockwork. But not these days. Continue reading “Balance Your Checkbook Please!”