Use #IThinkEnriched to let us know how you are doing with the challenges.
Episode 20 was our first Board Meeting. We discussed a variety of items and are given a challenge from each of the members of the Board.
The challenges are:
Brian Lindner, of Make Some Wonderful, challenges us to "Don't Panic when you are talking with your spouse about stressful money situations."
Gina Young, of Money Savvy Living, has given us the "Clean Out the Pantry Challenge."
Travis Scott, of Stuff Parents Like, challenged us in the next 20 episodes to "Start a Side Business."
Use #IThinkEnriched to share your images, tweets or stories of how you are accepting the challenge.
I am cheering you on!
The First Board Meeting.
Today's board covers:
Where you spend your money shows what you value.
Jody Maberry, former financial analyst turned park ranger, takes his experience of numbers and a love for the outdoors and makes it work. You can too.
Sure, you know that you should not be using the credit card to buy the big stuff. We all know that. But do you know how to save money, really?
Not spending is part of the deal, clearly. But can you break down the big picture dreams into daily actions and saving that will work for you and your lifestyle?
The truth is: most of us have never even thought about it.
Here are 4 steps to help you save money for what you really want.
1. Set the goal.
2. Break it down to tiny steps.
3. Set it up for auto transfers.
4. Leave it alone.
And 5. (the Bonus)
Enjoy every single minute of that big thing. Because it's already paid for!
Kitty Hilton has been a representative of her company for nearly 20 years. Her success has been an example to many and has a team of people working with her in 22 countries.
But how do you know if it's right for you?
We talk about all the ins and outs with this style of marketing, including:
After a powerful conversation with James Kinson of Cash Car Convert, Amy explains how her family has been a one-car family for the past year and how they found their family's second car.
James Kinston is the "Paul Revere of Auto Debt." An award-winning podcast and site educates many on how to pay cash for a quality car.
The skill to "Buy a Beater:" it's not just the used car lot down the street.
He's had how many cars?
People buy into the lie that you have to have a new car. That's marketing from the auto companies.
The average car loan payment is $482/month.
If you take that one car payment and invest it over 40 years, you can be a millionaire.
How do you define a "Hoopty?"
The kind of car you can get for $3000 - $5000.
"When you get a raise, your lifestyle will rise with the increase." Not true.
"You will always have a car payment." Not true.
MJ DeMarco, Millionaire Fast Lane
Retirement savings is pitiful.
Be intentional with your money.
Take care of the things that are most important to you first.
People don't change their personality when they have money. If you someone is making late payments now, they will still make late payments when they have money."
Larry Winget, You're Broke Because You Want to Be
Dave Ramsey, Total Money Makeover
Thomas Stanley, The Millionaire Next Door
Tweet: "Make the saving painless and the spending painful."
Buying vs. Leasing a Car $475/ month to buy or $425/month to lease sound like a savings. Is it really?
Connect with James
Cash Car Convert, the FB Group