Money? Drive Your MoneyBus

“Drive Your MoneyBus,” a phrase I say regularly.  Know what that means?  Today, I’ll walk you through what it means to Drive your MoneyBus.

Drive Your MoneyBus
Drive Your MoneyBus
ThinkEnriched.com
  • You were given a MoneyBus as an adult.  No one can drive that bus but you.
  • Your MoneyBus may look different than others.  It doesn’t matter, you are the one driving.
  • You have to study and practice to get an actual driver’s license, but it’s not like for money.
  • Money matters, but it’s only part of the equation.  A life that has meaning is the real purpose.
  • The MoneyBus is a powerful piece of machinery.  It’s always moving either forward or backward.  You have to control it.
  • The gas that powers this engine is your income.  Use it wisely.  Make smart decisions.  Determine wants/needs.This gives you more to use.
  • You need a map or GPS, your budget.  This is your plan to get you from this paycheck to the next.
  • If the conditions change, you stop, make adjustments and you “recalculate” the plan.
  • Driving the MoneyBus is a big responsibility.  It can take you directly to the destination or run straight in the gutter.
  • Your MoneyBus doesn’t look like others.  Start with where you are, with the size of the vehicle you have and move forward.
  • That small vehicle can transform into a sedan.  You have more space to work with and can live more comfortably.
  • You have even more power at your fingertips.
  • The MoneyBus is loaded.  You are able to help others on their journey as you continue on your journey.
  • You can find even more opportunities to enrich lives with your MoneyBus!
  • So go on, now.  Drive Your MoneyBus!

You know about the Think Enriched Crew, but are you in yet?

Subscribe in iTunes.  Or Stitcher Radio.

Rate & Review the show.

Have a question.  Send me an email:  amy@thinkenriched.com.

Paul Sating | This is temporary.

Paul Sating, creator of multiple podcasts, shares his financial journey. He has retired from the military, has a full-time job, real estate income, and shares highs and lows through it all.

This is Temporary
This is Temporary

We discuss:

  • His wealth-building mentality & the mentors who walked him through the mechanics of finances.
  • The power of a 15-minute conversation to help his financial foundation.
  • The most important principle for him with finances is simply debt management.
  • Looking at debt can be overwhelming.
  • When it comes to debt:  “Mitigate then Eliminate.”
  • Learning the value of hard work in a farming community. His first job at $3 per hour, then working 3 jobs when he was 16.
  • How you make a goal about your finances so that you can live the life you really desire.
  • The sleeplessness that comes through having debt.
  • He owns 3 homes and is earning income from most of them.
  • When you are moving regularly, consider purchasing a home in each area. The housing market conditions can work for you or against you.
  • The housing decisions that have to be made as you move regularly, such as:  Buy or rent?  School zones to be considered?  On base housing or off base?
  • Re-financing helped him survive to ride out the housing market ups and downs.
  • How he chose a quality property manager?
  • After working overseas, he had a young family and hit a very low point financially.
  • How he was able to pull himself out of the low point to make ends meet financially.
  • Minimalism: He was a minimalist when he had to be.
  • The focus to make it through the financial struggle.
  • Money is important but is second to the relationships in his life.
  • How divorce turned his life & finances upside down.
  • How he struggled to put his children through a safe school.
  • “I did all the right things…and here I was, back at square one.  I had to get up, brush myself off, and start up again.”
  • “Sometimes the best step is to just start and go with it.”
  • “Stay focused on the end of the tunnel.”
  • He would rather have the life moments than driving the nice ride.
  • Money & marriage:  how it works for them:  She is carefree, he is disciplined.
  • His daily tracker/ how they counted the money.
  • Where does he keep the budget?
  • The validation moments.
  • The happy medium they have found as a couple in their financial journey.
  • The question that woke him up to enjoy life: “How much do you need to save before you are good?” 
  • Podcast Washington, how we connected.
  • Why he loves to podcast.  It’s his medium. “I can listen to who I want to when I want to.”
  • The Q. His podcast on Positive Humanism.  “Sometimes the questions are more important than the answers.”
  • His podcast is helping him be accountable to himself by focusing on the positive.
  • Atheist Apocalypse: a fictional comedy, an audio drama, talking about the end…
  • Enjoying the journey of creating.
  • “No matter where you are: the student loan debt, or credit card debt, this is temporary.  Stay disciplined, stay focused and keep at it.”
  • Make sure you have a reward periodically.  Something to keep you on track.

Resources mentioned in this episode:

You’ve heard of the Think Enriched Crew, but are you in yet?

Subscribe in iTunes.  Or Stitcher Radio.

Rate & Review the show.

Alex Barker | Has Willpower. Beats Debt.

Alex Barker, of the 66 Day Experiment, shares his story of beating debt, learning to work together as a team with his wife, and the importance of willpower.

Alex Barker: Has willpower. Beats debt.
Alex Barker: Has willpower. Beats debt.

Interview Notes:

  • It all started with a fight.
  • They have paid off over $60K in 2 years of student loan
  • The power of reading personal development books in his life
  • Working as a resident pharmacist they were able to pay off $11,000 (on a $40,000 income)
  • How they learned to live as cheaply as possible.
  • Listen how we determine what is appropriate to discuss about money.
  • How they chose to live like they were still on student loans once Alex received a full pharmacist’s salary.
  • How they chose to buy the home and invest in it over the long-term
  • The first paycheck of the month goes to expenses
  • Second paycheck of the month goes to debt
  • The side business he works on every morning.
  • The habits he has created to run his business and life.
  • “We are what we repeatedly do.  Excellence, then, is not an act but a habit.”  Aristotle
  • He has allocated 20% of the business income to pay off debt
  • And allocated 10% for an upcoming surprise for his wife (Ssssh!  Don’t tell.)
  • What has the been the hardest thing for him to do to get out of debt.  (And, telling his wife “no” is it.)
  • How his parents taught him money management skills.  The power of $2.50 for him.
  • How they balance as a couple between the spender and the saver.
  • “Willpower is one of the most difficult qualities to build, but once created, big change can happen.”
  • Teaching the importance of work to make money to his daughter.
  • Busy people remain busy & productive to make things happen.
  • The power of delegation to help him stay working on his projects.
  • The 66 Days Project:  Creating habits in love, wealth and health.
  • Working with his mentor, determining to achieve the satisfaction of life.
  • When something truly scares him and he does it- that’s where he finds contentment.
  • The power of a coach, and how that has helped him.
  • His advice to grads with student loans?  Invest in yourself first.How much he spent on his first coach while he was a resident to move forward in business.

Resources mentioned:

Questions?  Let’s talk:  amy@thinkenriched.com

Ready to get your finances in order?

The episode “Alex Barker | Has willpower. Beats debt.,” first appeared on Think Enriched.

Big money goals? Don’t worry, you will get there.

This weekend getting to Podcast Movement was one crazy journey.  After checking in my bags at our airport, the clerk gave me a series of commands on how to get to the gate.  It wasn’t just down the hall, it involved waaay too many steps.  He looked at my confused face, slowed down and said, “Don’t worry.  Just keep at it. You’ll get there.”

Big Money Goals? Keep at it. You'll get there.
Big Money Goals? Keep at it. You’ll get there.

That quick act of kindness was so unexpected and genuine, that it made me stop and think about it.  Even now, several days later.

Kind of like you.

And me.

We are on a journey to figure out the money and make it work smoothly for how it can be used for my life. I am talking about finance, thinking about money management strategies, reading about it… a lot.

But sometimes, we don’t need another tactic to try, a coupon strategy to employ, or an app that will help solve the problem of daily budgeting, we  just need  a little encouragement.

You, and I, work relentlessly on our goals, where we are headed and what’s in front of us- that we may forget to stop and look how far we’ve come.

My dear friend, Steve Stewart, at Money Plan SOS (excellent podcast, by the way…definitely worth your time) posts every month how close he is to having his debt paid off.  He has inspired me with the number each month.

Kind of like this…

 

Sometimes, a hand on your shoulder telling you, “Hey buddy, I see you working hard.  Keep at it. You got this,” is the best thing that could happen.

Like that ultra cool gate clerk said to me at the airport, today I’m telling you.

To you, the Mom wondering how to make dinner on this week’s budget and still make sure the final bills go through this week,

Don’t worry.  You are working hard at this.  Keep at it, girl. You’ll get there.

To that kid just out of college, getting set up for the future career but wondering, “How on earth am I gonna get through that mountain of student loan debt just to create this better life?”

Don’t worry.  Make your plan, stick with it, buddy. Then stick with it.  Even on the tough days.   You’ll get there.

To the guy who has been paying off student loans while trying to keep the family afloat and so, so sick and tired of seeing the balances slowly diminish along the way…

Have peace, my friend.  Keep at it, man. You are doing good things.  You’ll get there.

To the one who is still working hard on all those tiny details to get all the finances in order, streamline your system so you can give yourself a break…

I get it. I was there.  Keep on.  You’ll get there.

And to you, the one, just looking at all that debt, wondering if it’s even worth a try to take a stab at it….and yet, so scared what you might find…

Don’t worry.  Just start.  Keep at it.  Sure, it will be hard at first, but it gets easier.  Much easier.  You’ll get there.

And if you just want to get some insight and non-judgmental perspective from someone who was exactly where you are, let’s talk.  Here’s my email:  amy@thinkenriched.com.