Daily Successful Living

Learn How To Change Your Money Mindset With Kassandra Dasent Your money mindset is what will make or break your personal financial success. Creating an abundant view of money is the goal of Kassandra Dasent our podcast guest today. Join us as we talk about how to channel your energy towards changing how you view money so that you can actually achieve financial success.  This podcast is seriously amazing.  Kassandra really understands why we choose to make poor financial decisions even when we know better and her ideas on how to shape the way you view money will blow your mind away.   If you are struggling to control your money and need a shot in the arm to get your reenergized please take a few minutes to listen to this podcast - you won't be disappointed.   Kassandra is a firm believer in taking accountability for your money choices. She was a successful commercial credit analyst managing multiple million-dollar accounts but felt like a fraud because she had $55,000 in debt and was continually making poor money choices. In order to be successful at money management, you have to open your mind to an abundant mindset. In order to do this, you need to give a strong voice to your why. It needs to be more than just saying I want to pay off debt. You need to be able to look at the big picture and give yourself a reason that will give you the incentive to make the sacrifices you need. For Kassandra, this breakthrough came when she met a man she hoped to marry and realized that her financial situation was holding her back. After paying off her debt and completely changing her money mindset Kassandra realized that she wanted to do more with her life. She was in a high-stress job that was causing her anxiety and depression and went through her own midlife crisis. She eventually decided to quit her job and has become a money mindset coach and speaker. One of her biggest passions is to help people identify their emotional connection with money so that they can begin to control their money rather than having their emotions control their management of money. How to become successful with money To be successful with money you have to realize that most of your financial habits tie back to your own feelings of self-worth and self-respect. If you look back at the financial patterns in your life most of the time they are caused by specific events. For example, in Kassandra’s case, she was born in Trinidad and migrated to Canada when she was six with her single mother. There was never enough money and as a result, most of her spending occurred as a result of a need to feel and look like she was successful. For her spending money meant that she was successful and had moved beyond the poverty of her childhood. In order to change your money mindset you need to follow these three steps: 1. Take responsibility for your financial choices and own your decisions. 2. Learn how to identify your financial triggers. 3. Create process and systems that will help you shift your focus and gain control of your money. One of the ways she does this successfully is by constantly setting financial (and personal) goals. If you want to avoid recidivism with your money then you have to realize that every financial goal you achieve is just a plateau that will help you achieve an even bigger goal. If you want to learn how to change your money mindset from a scarcity mentality to an abundant mindset mentality you really, really need to listen to this podcast. One of the biggest nuggets I got from this podcast was the concept of capturing money from both ends of the spectrum. I’m a huge believer in always paying myself first. Every single time I get paid I put 10% of my income towards my saving goals (check out my retirement plan here). Paying yourself first is a great way to begin taking control of your money, but according to Kassandra, you also need to focus on paying yourself last. What this means is that you should put all of your focus on consistently underspending every single month and put the money towards your financial goals. It is kind of like the opposite of burning the candle at both ends because it gives you positive results every single time. Your goal should be to find a way of controlling your money flow so that you can stop money from escaping, but also so that you are in complete control of your money mindset. Resource Mentioned in the Podcast: Kassandra Dasant Website Minding Your Money Facebook Group Minding Your Money With Kassandra Dasent YouTube Channel How To Pay Yourself First

  When you start a small business you literally become a jack of all trades. You have to learn just a little bit about everything to become successful. Maribeth Sublette and Cody Waltz have taken this to the extreme and completely pivoted their businesses multiple times.  Learn more about their amazing business ability to optimize their network and marketing skills to completely break the limits of what they thought was possible. Both of them started out as small shop vendors, Maribeth sold Mom and baby matching t-shirts and Cody organic baby clothing. They loved what they were doing, but saw a need for small local markets for themselves and other vendors to sell their products. Rather than just hope someone created a place for them to sell their products they went out and started their own market called The Made With Love Market. As their market grew and expanded, they began to realize that many of the small business woman they were working with needed additional support and direction to build their businesses to the next level.  They wanted other businesses owners to dream big as well. As a result, they decided to host a 1-day conference, called Built With Love to help women who want to start a small business or small business owners who need some specialized training in various business-related fields. The podcast is full of insight for Cody and Maribeth on how they founded each of their businesses and the thought and strategy behind each business step. We talk extensively about overcoming obstacles, how to market yourself and how they used networking to quickly grow their vendor list for the Made With Love Market and then find speakers for the Built With Love Conference. On the other end, they had to completely shift their marketing to drive traffic to the Made With Love Market and then find small business owners to attend their conference. The marketing and thought behind what they have built is amazing and I think it will really give you guys some insight into how you can build and grow your own audiences. Resources to Check out: If you are in the Phoenix Area I highly recommend checking out the Made With Love Market in Old Town Gilbert - It runs every other Saturday (except during the summer)  If you aren't local check out the Instagram Feed for some awesome small local businesses with some top-notch products.  If you catch this podcast prior to June 23rd you also need to check out the Built With Love Conference.  It is designed to help women who want to start a small business or current business owners wanting to ramp up their business.  

Have you dreamed of retiring early, but are not sure how to accomplish this goal? If so, you need to listen to Cody Berman from Fly To Fi who is on his first round of retirement at 23!  Join us as we talk to Cody about how he planned out his business and income streams so that he could reach this goal. After reading the book the 4-Hour Work Week by Tim Ferris (a book I highly recommend) Cody decided that he was going to change his life and begun by dislodging the time money narrative. In order to be successful you can't trade your time for money, you need to find ways to think outside the box and creating multiple revenue streams. He believes that by front loading your work and creating processes within your businesses that you can easily set up business that will gradually take care of themselves and produce a steady income stream. While building up his business Cody also realized that he needed to drastically cut his expenses in order to have the financial freedom he craved. Cody got to the point where he was able to cut his expenses to $1,000 per month. Some of his frugal living tips are a bit extreme (you’ll get a kick out of some of them), but they are effective! After saving $35,000 Cody had a lightbulb moment and realized that he had 35 months to try out his entrepreneurial dreams. Cody is currently on a 3 month RV tour with Grant Sabatier promoting his latest book – Financial Freedom – A Proven Path to all the Money You’ll Ever Need. I haven’t had a chance to read this book yet, but have it cued up on my audible account for my next road trip. It has great reviews though, so I recommend checking it out. If you want a podcast that will help you think outside the box I highly recommend listening to Cody Berman. One of Cody’s greatest strengths is in his ability to just start. He is a firm believer in the power of failure, and I can guarantee that his story will inspire you to get out and try something new.    

How To Find the Perfect Work From Home Job For Moms With Kids! Today on the show we were joined by Ashleigh Allman from Smart Cents Mom.  Ashleigh is an amazing woman, she is a former teacher who is currently raising three young boys – talk about a crazy house! After ten years as a teacher, she wanted to be able to stay at home with her kids, but were stuck on the “how”.  After a lot of trial and error (mostly error), she finally found online jobs that worked for her. During her journey, she realized that there wasn’t a lot of useful information available to women in her shoes and she created the website Smart Cents Mom to help women find ways to earn money from home. Ashleigh laid out the five steps she thinks women need to follow to get started in the online world.  Check out the podcast to learn more! Since she is the Mom of three busy kids, we also talked about how to incorporate online jobs into your regular life.  She gave some great suggestions on finding little pockets of time to get work done and how to organize your work so that you can be more productive. Resources to Check Out From The Podcast: Work At Home Workbook (Free Download) - This book goes into detail on the 5 steps we discussed to help you find an online job that works for you and your schedule.  It is a great resource that will help you lay out the steps you need to get started. 30+ Amazing Stay At Home Mom Jobs - Ashleigh's super detailed list of stay at home jobs that are perfect for moms. This is a really good list that has related links to many of the jobs so that you can see if they are good fits for you. 48+ Side Jobs Anyone Can Do To Earn Extra Money - This is a list I put together, but it includes a lot of non-stay at home jobs, that may not work for some of the Mom's listening to this podcast. How To Start Your First Side Hustle - This is my new book that is designed to help women start a side hustle.  I'm a bit biased, but I think it is a great resource for anyone who wants to create a business for themselves.        

10 Deadly Mistakes Many New Entrepreneurs Make Let's get real for a minute, being an entrepreneur is hard, and making a ton of mistakes is the name of the game.  However, if you can avoid even a few of the deadly mistakes of entrepreneurship then your startup has a much higher chance of success.   In this podcast, I'm going to discuss 10 deadly entrepreneurial mistakes that I've made in the past that caused me to lose $55,000.   It was a very costly lesson for me! This podcast is modified from a blog post I wrote called 10 Steps for Starting a Small Business if you would prefer to read the story.  

Jackie Beck was able to pay off a total of $147,000 in debt.  After paying off all of her consumer debt she decided to tackle her home.  She started with a simple goal to pay an extra $35 each month.   She quickly got carried away (in part because of her amazing Debt Free App by Jackie Beck) and ended up paying off just under $100,000 in three years.  The last year, she and her husband paid just under $50,000.   It is amazing how much impact starting with a simple goal can have on your future.   During my interview with Jackie we’ll discuss her multiple unemployment episodes during her entire journey and how this experience shaped her desire to become debt free.    If you want a ton of helpful hints on how to get out of debt, particularly when you are unemployed you need to listen to this interview with Jackie Beck.  Resources: Debt Free App by Jackie Beck - https://go.onelink.me/1276588729?pid=dailysuccessfulliving

How To Use The Envelope System To Pay Off Debt With Kristin Stones From Cents and Purpose If you need budgeting help you need to listen to this podcast with Kristin Stone from Cents and Purpose.  Today we will be talking about Budgeting, getting out of debt and side hustles.  Kristin and her husband were yo-yo debtors who were constantly using credit cards to bridge the gap until payday.  They would find themselves in debt and then dig themselves out short term only to end up back in debt again. After 10 years of this cycle, they realized that if they wanted their marriage to survive they needed to do something different.  They were super motived and able to pay off $55,000 worth of debt in 22 months - impressive huh! Paying off their debt completely changed their life and their marriage. Kristin attributes the vast majority of their success to budgeting and finding ways to earn extra money.  They drastically reduced their spending, used the envelope system and earned extra money through side hustling.  If you are struggling to get your spending under control I highly recommend listening to this interview with Kristin Stones from Cents and Purpose. Resources Mentioned: Begin to Budget 5 Day Email Course – This is Kristin's free email course and is a great way to get started with budgeting Envelope system – Using the Envelope system is a great way to control your spending.  With the envelop system you put cash into separate envelops to pay for items like groceries, clothing, entertainment and gifts.  Check out this post from Kristin's Instagram for a fun tip on how to make the envelop system work for you.   Check out this YouTube Video From Kristin as well on How to Budget using Dave Ramsey’s Cash Envelope System on a Debt Free Journey. If you are struggling to budget effectively because you always miss potential expenses, check out this list of budget categories to make creating your budget easier. Kristin also has created some amazing budgeting worksheet that are designed for literally anyone to use and actually be successful.  If you struggle to budget, check out these budgeting worksheets and see if they will work for you.  Link to her budget bundle.  If you are looking for ways to start earning extra income and need some ideas to get started check out this post on 48+ ideas to earn extra income.  If you want to start a side hustle and need more detail on getting started my new book 6 Steps To Starting your First Side Hustle is a great place to get started.   Call To Action: Start Budgeting today!!!  If you want to change your financial future, the first step is to begin budgeting.

  Today we are joined by Danielle Robert from Boomer Benefits and are taking Medicare.  I know, Medicare isn’t high on your list of topics to discuss, but trust me when I say you need to hear this episode even if you are still in your 20’s or 30’s, and you really need to listen if you are in the older age range. Most people assume that when you retire and begin using Medicare all of your medical needs are taken care of by the government at little to no additional cost for you.  This couldn’t be further from the truth.  You need to be putting money aside for medical expenses, particularly if you are in a higher income bracket.  Join Danielle and I as we break down some of the myths associated with Medicare and learn the basics of how Medicare works.  Time Stamps: 1:22 - Background on Danielle Roberts and general information on Medicare 4:20 – Discussion about the cost of Medicare and medical care in general during retirement. 79% of middle-income boomers have no money set aside for retirement Need to start reviewing your financial plan in your 50’s to make sure you build in the cost of Medicare at minimum. 5:30 – Study done by Fidelity that states that average couple needs almost $300,000 for medical care during retirement. 5:40 – Medicare works similar to your current insurance with co-pay’s, co-insurance, and deductibles – it is going to cost you money to see a medical provider. 6:18 – 40% of people start retirement with no savings and will be living on social security. This means income of around $1,400 per month, then 10-15% of that amount will automatically be deducted to cover Medicare.  6:56 – Discuss about Health Savings Accounts and how much money they can save you. People associate HSA money with medical expenses which means that they have a different view of that money.  It makes it much easier for them to accumulate and save HSA money.  9:18 – What is an HSA account and what can they be used for. 11:06 – Explanation of the 4 parts of Medicare – Part A, Part B, Part C & Part D and how each one is used for varies part of your medical care 13:56 – Explanation of Supplemental Medicare coverage and how it works. 15:14 – The assessment process for clients that are just about to retire and want to know what Medicare costs and covers and their options. 16:30 – When does Medicare enrollment occur? 17:12 – Potential options for people who only have social security income 17:40 - What to do if you are a snowbird or traveler and need to make sure you have the right coverage. 18:30 – How do companies like Danielle’s make money and still provide such a valuable service to retirees. 19:50 – They also support the clients questions and help them when they have a billing issue. What to do if Medicare denies a claim 22:18 – What does Medicare cost to an average consumer? Different costs more medical care in different states – this can be a big issue when you are retiring. 25:30 – When can you enroll and how does the enrollment process work? 26:24 – Penalties that can occur if you don’t enroll correctly. 27:24 – What can happen if you develop health conditions and you haven’t enrolled properly. 28:00 – Always buy your insurance before you need it 28:10 – Enrollment information on Medicare Advantage plans 29:02 – How to get started – Free 6 Day Medicare Mini Course to get you started with Medicare and how it works. 31:00 – How and where to find Danielle and Boomer Benefits. Key Takeaways: Medicare insurance isn’t free, and you will incur medical costs during retirement. Make sure and include money for medical care in your retirement planning. If you have an HSA plan start contributing now and putting as much money away for retirement as possible. Don’t try to do Medicare enrollment on your own. You need the advice of a professional company like Boomer Benefits.  It won’t cost you any extra money, but can potentially save you thousands of dollars in the long run.  Call To Action If you are getting close to retirement age reach out to Boomer Benefits!  If you are younger and haven’t started saving for retirement, start today!!!  And I really do mean today.  If you need help getting started drop me an email or give me a call and I’ll help you.  Be Sure to Subscribe to the Show!