Winning with Money

In this episode, Mike shares with you some key things to consider when hiring a financial advisor. He'll break this down into three areas. 1. Why would you need an advisor? 2. He'll explore some of the popular types of advisors and their credentials that give them the skill-sets and knowledge that could help you. 3. He'll also share some key questions to ask an advisor should you be on the market for one. Whether you are a do-it-yourselfer with your finances, or you are completely lost and looking for help, it's never a bad idea to get another opinion from a professional financial advisor about your finances to give you confirmation on what and how you are doing, or get you on track, and/or to help you reach your goals, to get some stress relief about your finances and ultimately to achieve financial peace.If you have ideas you'd like to share with Mike for a future episode, or any other recommendations, you can reach him at:  mike@fettermanfinancialsolutions.comFor a free coaching session with Mike, you can go to:  https://fettermanfinancialsolutions.com/schedule-an-appointment/Click here to access the episode on risk and return that he talked about today at his website E6-Risk and Return along with his other episodes at:  https://fettermanfinancialsolutions.com/blog/ If you would like to support Mike with his podcasting expenses and help him grow this podcast, you can buy him a virtual cup of coffee. How cool is that? Just click on the “Support the Show” link below. Thank you for considering to help him help others. Guiding you to win with money and live with financial peace. Have a great day!Support the show

In this episode, Mike shares with you how to make a financial plan, the steps to develop a plan, key areas of a plan and some tips for keeping it current and relevant. He also adds a worksheet that you can download of the key components of a viable personal financial plan. Your personal financial plan is a comprehensive statement of an individual or couple's objectives for security and well-being. It has a detailed savings and investing strategy that includes your net worth, cash flow, emergency funding, insurance, tax reduction, college funding, healthcare, retirement, long term care, an estate plan and more based on your situation. It has a lot of moving parts. It should be evolving and dynamic with regular updates based on the changes in your life and your goals.  Financial plans can be developed with the help of an advisor or by yourself. You can do this. If you have ideas you'd like to share with Mike for a future episode, or any other recommendations, you can reach him at:  mike@fettermanfinancialsolutions.com For a free coaching session, you can go to:  https://fettermanfinancialsolutions.com/schedule-an-appointment/ To download the free Major Components of a Healthy Financial Plan, click here:https://fettermanfinancialsolutions.com/resources/ Click here to access prior episodes he spoke about in this episode on E3-Financial Scams, E6-Risk and Return, E12-Resolutions and Goals, E13-Building an Emergency Fund and E14-Budgeting 101). Here they are: https://fettermanfinancialsolutions.com/blog/ If you would like to support Mike with his podcasting expenses and help him grow this podcast, just click on the link below. Thank you for considering to help him help others! Guiding you to win with money and live with financial peace. Have a great day! Support the show

In this episode, Mike talks about getting beyond financial stress to financial fitness. He shares some tough facts about how American households are entering a debt trap. We all have experienced financial stress and it can have a negative impact on our lives. There is a way out and it's by taking actions towards financial fitness. He highlights seven ways to get back on track and reduce the stress. These are things you might already know. Here they are:  1. Living below your means and understanding the debt cycle.  2. Having an emergency fund.  3. Having no high-interest debt.  4. Having savings and investments that are growing.  5. Having SMART goals.  6. Having a written and evolving financial plan.  7. Using money as a tool rather than a source of stress.Financial fitness leads to a better well-being. It takes discipline, planning and some financial savvy. He makes it clear that this is all worth it and you can do this. Also, don't forget to take time out for yourself to relax, go for a walk if you can, reach out to friends and family. Have some quiet prayer or meditation time. Self-care is so important.If you have ideas you'd like to share with Mike for a future episode, or any other recommendations, you can reach him at:  mike@fettermanfinancialsolutions.comFor a free coaching session, you can go to: www.fettermanfinancialsolutions.comat the “Schedule an Appointment” page and go to the “Resources” page to see some of his favorite personal finance tools including a sample customizable budget with Excel and websites of some of his favorite personal finance podcasters.If you would like to support Mike with his podcasting expenses and help him grow this podcast, just click on the link below. Thank you for considering to help him help others! Guiding you to win with money and live with financial peace.Have a great day!Support the show

In this episode, Mike talks about the basics of budgeting, what it is, the purpose of budgeting and how to create one for your use.  He provides tips on how you can get started on your budget to get control of your finances. Budgeting helps you to see what's coming in – income; and what's going out – spending. He provides examples of ways to set up your budget. He also emphasizes that a budget is a tool if used regularly, can pinpoint ways to help you save for goals, get out of debt, establish an emergency fund and help you live below your means. It may reveal that you're spending more in certain categories that are taking away from other categories more important to you.  If you have ideas you'd like to share with Mike for a future episode, or any other  recommendations, you can reach him at:  mike@fettermanfinancialsolutions.comFor a free coaching session, you can go to: www.fettermanfinancialsolutions.comat the “Schedule an Appointment” page and go to the “Resources” page to see some of his favorite personal finance tools including a sample customizable budget with Excel and websites of some of his favorite personal finance podcasters.If you would like to support Mike with his podcasting expenses and help him grow this podcast, just click on the link below. Thank you for considering to help him help others! Guiding you to win with money and live with financial peace. Have a great day!Support the show

In this episode, Mike talks about building an emergency fund. He shares some statistics about the struggles people are having with every day expenses.  The increasing costs of every day items are making it challenging for many people to juggle being able to buy what they need when experiencing an unexpected emergency that impacts their finances. He shares ideas on how to handle those situations by having a plan in place with an emergency fund. He talks about what that is, how to start one and how it helps you when things get out of control when an unexpected car breakdown, an appliance goes kaput, or any other event that can change things when Murphy comes knocking on your door.  If you have ideas you'd like to share with Mike for a future episode, or any other  recommendations, you can reach him at:  mike@fettermanfinancialsolutions.com For a free coaching session, you can go to: www.fettermanfinancialsolutions.com at the Schedule an Appointment page.  Guiding you to win with money and live with financial peace.  Have a great day!Support the show

In this episode, Mike talks about resolutions and goals. As we start a new year, we sometimes look at the change of the calendar to a new year as a clean slate to improve our current situation and become a better person. Resolutions are good but sometimes they're not sustainable for a myriad of reasons. He emphasizes the importance of having a plan with SMART goals to ensure that you have a purpose and a way forward for your unique situation. SMART stands for Specific -  Measurable - Achievable - Relevant - Time-bound.  If you have ideas you'd like to share with Mike for a future episode, or any other  recommendations, you can reach him at:  mike@fettermanfinancialsolutions.com For a free coaching session, you can go to: www.fettermanfinancialsolutions.com at the Schedule an Appointment page.  Guiding you to win with money and live with financial peace.  Have a great day!Support the show

In this episode, Mike talks about the typical stages of retirement, lifestyle and behavioral considerations to think about and the financial hurdles to overcome to have a stress free dream retirement. He emphasizes the importance of having a plan with SMART goals to ensure that you have a purpose and a way forward for your unique situation.  Retirement is different for everybody. This is a primer about retirement. In future episodes, he plans to talk about various aspects and planning for a wonderful retired life.If you have any show topic ideas you'd like to share with Mike or any recommendations in general, you can reach him at:  mike@fettermanfinancialsolutions.comFor a free coaching consultation, you can schedule an appointment at:                                                                      www.fettermanfinancialsolutions.comHave a great day!

In this episode, I delve into some ways we as investors can try to keep pace with and even get ahead of inflation. I talk about five areas to consider for your portfolio such as:1.  Commodities using Exchange Traded Funds (ETFs)2.  Real Estate Investment Trusts (REITs)3.  Staying with Stock Mutual Funds and ETFs for the long term4.  Treasury Inflation-Protected Securities (TIPS)5.  International Bond FundsThanks for listening and I hope you enjoyed my show. If you could use some coaching help with your financial situation or are interested in a second opinion with your finances, you can send me an email at:  mike@fettermanfinancialsolutions.com  and you can check me out at my website  and schedule an appointment with me at: www.fettermanfinancialsolutions.comI wish YOU a great day!Mike Fetterman,Ramsey Solutions Financial Coach 

In this episode, I talk about inflation, it's impact on us, some background about it, who's responsible for getting it under control from a macro perspective and how we can tackle it in our own economy. I provide six helpful tips:1. Living within your means2. Saving money at the gas pump and in the grocery store3. Planning your meals in advance4.  Cost saving measures you can take in your home5. Shopping for the deals with the best value at the lowest cost6. Establishing and maintaining a budgetI hope you enjoyed my show and thanks for listening to me!You can reach me at: mike@fettermanfinancialsolutions.comwww.fettermanfinancialsolutions.comMike FettermanRamsey Solutions Financial Coach 

In this Winning with Money Moment episode,  I  discuss tips and ways to avoid the evil schemes of tax scammers.  Tax season is here and unfortunately the scammers are here too.I highlight scams in three areas to be aware of and how to fight back if involved in any tax scam. These areas are: 1. Phishing which is a way to get information from you and possibly infect your computer or smartphone with malicious code.2. Offer in compromise which is a way for scammers to prey and try to take advantage of people who owe back taxes.3. Scamming through ID theft. I hope you enjoy the show and if want to contact me, here ya go:mike@fettermanfinancialsolutions.com   or at   www.fettermanfinancialsolutions.comPlease spread the word about my podcast. Thanks for listening and have a great day!Mike FettermanRamsey Solutions Financial Coach

In this episode, Mike discusses the pros and cons of using a Full Service Broker or an Online Discount Broker. He takes this somewhat mundane topic of choosing a path to investing with some ideas and thoughts to consider when taking the plunge in the market for the purpose of  building your wealth. He highlights the key points and advantages of using a full service broker or a discount online broker. He goes in-depth and provides analysis in four areas:1. Customer service2. Fees3. Research tools and educational offerings4. Investment tiers used by online brokersIf you're not using a full service or an online broker yet for investing in the market, this episode will give you some good nuggets to consider to help you make that decision.Have a great day!Mike FettermanRamsey Solutions Financial CoachPS. You can contact me via email at:  mike@fettermanfinancialsolutions.com  or  at my websitewww.fettermanfinancialsolutions.com

In this episode, Mike goes in depth about the dangers of risk and how to manage and mitigate these risks while investing. He covers this topic in four areas:  Lack of Knowledge Risk, Stock Market Risk, Portfolio Risk and Scam Risk. In his recap he also explains risk tolerance and risk capacity and how important it is to know about those areas and why even with all these risks, the best place to build wealth is in the stock market.Mike is looking for recommendations for future topics to grow his podcast and to reach a broader audience. If you like what you're hearing and want to hear more, please share this with your friends and family and let him know your feedback by sending him an email at:mike@fettermanfinancialsolutions.com To meet Mike and get a free coaching consultation, you can sign up at his website at:www.fettermanfinancialsolutions.comThanks for your support! HAVE A GREAT DAY!!

In this episode, Mike opens up a new chapter in his podcast by starting an "Investing Basics Series" to help investors of all stripes get a good foundation on what investing is and how to do it with success.  Six key takeaways from today's episode:1. Get educated, establish a plan that includes short and long term goals and enlist the help of an advisor where needed.2. Save and invest early and often. It's the time in the market, not market timing that will help you build wealth.3. Put your investments on paycheck withdrawal auto pilot, so you can enjoy the advantages of dollar cost averaging.4. Keep your costs low by investing in Exchange Traded Funds (ETFs) when possible.5. Diversify between stock and bond funds. Don't put all of your eggs in one basket.6. Rebalance your allocations to avoid getting  too over weighted in any asset classes  to reduce risk. Have a great day!You can reach me at:www.fettermanfinancialsolutions.commike@fettermanfinancialsolutions.com571-293-1076

In this episode, Mike helps you dream big about being a millionaire and how to become one if you choose to. He talks about two books on this subject: Everyday Millionaires by Chris Hogan and the Next Millionaire Next Door by the father and daughter team of Dr. Thomas Stanley and Dr. Sarah Stanley Fallaw. Both books unpack the interesting insights into the lifestyles, behaviors and jobs held by the typical millionaire today. Mike uncovers some common myths, facts and statistics about how millionaires became millionaires. Some of these findings may surprise you! He also shares his thoughts about the importance of a good quality of life, having a plan to reach your goals and not comparing yourself to others based on money.

July 2021Show summary: Welcome to the Winning with Money podcast. Although I get support from the Ramsey Solutions team, I'm on my own with my business in financial coaching. My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Each episode will usually last between 10 and 15 minutes. Just enough time to get the basics out to you to put some of my topic ideas into practice. I'll roll out a new podcast episode every other week most of the time.Some future topics will include: Applying the Ramsey Solutions Baby Step Plan, Financial Scams, Developing a Millionaire Mindset and many more as my show gains traction. Today's topic is Getting your Financial House in Order.I'll share 6 tips with you today. There are more, but these will help you get or stay on your path to financial freedom.Tip Number 1:  Collect and organize your income and expense documents  Tip Number 2: Review your savings, investing and retirement accountsTip Number 3: Automate your tracking, billpaying, investing and savingTip Number 4: Review your insurance policies Tip Number 5: Make a plan to get out of or stay out of debtTip Number 6: Review or set up goalsTip Number 7: Reviewing your beneficiaries and updating your estate plan  Please subscribe and spread the word about the "Winning with Money" podcast with family and friends who might be interested. I hope you'll continue to join me along the way. Let's Stay in TouchIf you have topic suggestions and any other feedback, you can reach me via email at mike@fettermanfinancialsolutions.com. All feedback will help me to learn and grow this service.  You can learn more about me, read my blog, and schedule a coaching consultation through my website at:  fettermanfinancialsolutions.com  I'm grateful for your support.

July 2021Show Summary: My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Some future topics will include: Developing a Millionaire Mindset, Baby Boomer Basics, Learning How to Invest, and many more as my show gains traction. Today's topic is Financial Scams.In today's episode, Mike talks about the bad news of the dark side of money, some popular types of scams that scammers love to trick us with, and the good news of how we can protect ourselves. Let's Stay in TouchPlease subscribe and spread the word about the "Winning with Money" podcast with family and friends who might be interested. I hope you'll continue to join me along the way.If you have topic suggestions and any other feedback, you can reach me via email at mike@fettermanfinancialsolutions.com. All feedback will help me to learn and grow this service.  You can learn more about me, read my blog, and schedule a coaching consultation through my website at:  fettermanfinancialsolutions.com I'm grateful for your support.

July 2021Show Summary: My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Some future topics will include:  Financial Scams, Developing a Millionaire Mindset, Baby Boomer Basics and many more as my show gains traction. Today's topic is Building Your Financial Foundations with the Ramsey Solutions Baby Steps Plan.Mike will share the Ramsey Solutions Seven Baby Steps Plan with you and how that could be just what you need to get your financial foundation in place. Baby Step 1:  Establish a Beginner Emergency Fund of $1000Baby Step 2: The Debt SnowballBaby Step 3: Build your Emergency Fund up to 3-6 months of expensesBaby Step 3b: Saving for a down payment on a mortgageBaby Step 4: Investing 15% of your Income Baby Step 5: College FundingBaby Step 6: Paying off the Home MortgageBaby Step 7: Being Totally Debt Free while Continuing to Build WealthLet's Stay in TouchPlease subscribe and spread the word about the "Winning with Money" podcast with family and friends who might be interested. I hope you'll continue to join me along the way. If you have topic suggestions and any other feedback, you can reach me via email at mike@fettermanfinancialsolutions.com. All feedback will help me to learn and grow this service.  You can learn more about me, read my blog, and schedule a coaching consultation through my website at:  fettermanfinancialsolutions.com  I'm grateful for your support!