Podcasts about automatic millionaire

Welcome to Episode 85 of the One for the Money podcast! Some of you may remember that best-selling book The Automatic Millionaire. It told readers how to easily become a millionaire with a few simple steps. But in this episode, I'll reveal the sad truth: too many people aren't becoming automatic millionaires because they're spending too much money on automobiles. Yes, cars and trucks are putting the brakes on a better future for many Americans. I'll also share the massive benefit of driving one's car until the wheels come off.In the tips, tricks, and strategies section, I'll share some car-buying tips.In this episode...Automating Savings [1:23]The Financial Impact of Car Ownership [2:04]When Is It Ok to Buy a Nice Car? [6:35]The Automatic Millionaire, written by David Bach, became an international bestseller because it gave us that magical formula for becoming a millionaire. Bach's magic trick? Automating your savings and spending. He basically tells you to set it and forget it. You set up automatic contributions to your 401k or IRA, and it's that easy to be on the road to riches. He even argues that you don't need to be making a six-figure income to become a millionaire—you just need to make sure your savings and spendings are adjusted on autopilot and viola, decades later you reap the rewards.And yet, despite this brilliant advice, millions of people are still missing the automatic millionaire bus, and they're doing it by throwing too much of their money at automobiles. While an automobile is designed to take you places, far too often, it takes owners to a future that is much poorer and less fulfilling than it otherwise could be.Now, you might ask, is car ownership really that impactful? Let's look at the numbers from 2024:Americans owe around $1.655 trillion in auto loan debt. That's right, trillion with a T.Over 80% of new car purchases in 2024 are financed, and the average car payment is $742 for new cars and $525 for used ones. (That's a lot of money that could be used to build wealth instead.)Now, why is this a problem? I mean, cars are cool, right? But here's the thing—unless you're driving a classic car like a 23-window VW van (I can dream), cars lose value. In fact, a new car drops thousands of dollars in value as soon as you drive it off the lot. So, people are paying $525-$747 a month for years... for something that's losing value fast. In fact, over 30% of people with car loans have negative equity, meaning their car is worth less than what they owe. Here is something even scarier: When a car is damaged, such as in a natural disaster, insurance will either pay to repair a car's damage or give the driver a lump sum equal to the value of the car. When the damage is severe, insurers usually choose the lump sum. That means if your car with negative equity is totaled. You will be out of a car and still have money you owe on it. Even when the damage isn't severe, it can still pose a huge financial challenge. An Oct 2024 article from the WSJ featured a 34-year-old gentleman who had noticed the main display screen on his new vehicle would often disappear. The car's backup camera didn't always work, and the car would make a screeching noise when in reverse. He decided to bring the car into a local dealership, hoping to trade it in. Only to have the dealership tell him it was worth roughly $24,000, which was just under half of the roughly $50,000 he still owed on his loan. Now, I should confess that I drive a 15-year-old Toyota Prius that I had purchased used. It's been a great car, and I hope it will continue to be for years to come. My wife's car is 7 years old, and it replaced her 16-year-old car at the time. However, I must also...

Want to Start or Grow a Successful Business? Schedule a FREE 13-Point Assessment with Clay Clark Today At: www.ThrivetimeShow.com Join Tim Tebow, LIVE and in-person at Clay Clark's December 5th & 6th 2024 Thrivetime Show Business Workshop!!! Learn Branding, Marketing, SEO, Sales, Workflow Design, Accounting & More **Request Tickets & See Testimonials At: www.ThrivetimeShow.com**Request Tickets Via Text At (918) 851-0102 See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Case Studies Today HERE: www.thrivetimeshow.com/does-it-work/  

Alex Nottingham JD MBA shares and discusses the 8 Steps to becoming an "Automatic Millionaire" - save first, automate finances, invest wisely, live frugally, and eliminate debt. Resources:Dental Practice Growth Webinar Dental CoachingAll-Star Online Training

Dans ce 83e épisode, je fais la synthèse du livre « The Automatic Millionaire » de David Bach publié en 2016 à partir de cinq éléments clés à retenir : 1. Se payer en premier…!!! 2. Le « Latte Factor » 3. Ne vous faites pas confiance! 4. Vivre sans dette 5. Faites une différence   Abonne-toi pour soutenir mon travail et obtenir un épisode supplémentaire chaque mois : https://podcasters.spotify.com/pod/show/financesfondamentales/subscribe   Je t'invite aussi à suivre la page Facebook « Finances Fondamentales - éducation et investissement » pour avoir accès à l'image synthèse de l'épisode et pour me poser tes questions. Page Facebook : ⁠⁠⁠⁠https://www.facebook.com/profile.php?id=100088196588852⁠⁠⁠⁠  Tu pourras également y consulter l'analyse fondamentale des compagnies de la semaine.   Page Instagram du podcast : https://www.instagram.com/finances.fondamentales/?hl=fr   L'infolettre qui donne l'essentiel des nouvelles en 5 minutes: https://infobref.com/ff   Gmail: ⁠⁠⁠⁠Financesfondamentales@gmail.com⁠⁠⁠⁠   Clause de non-responsabilité Investir comporte des risques de perte. Ce podcast est uniquement à des fins d'information et ne doit pas être considéré comme un conseil en investissement personnalisé ou être utilisé pour prendre des décisions d'investissement. L'animateur du podcast peut détenir des positions dans les titres discutés. L'animateur du podcast reçoit des paiements de diverses entités pour des publicités. L'inclusion de telles publicités ne constitue ni n'implique une approbation, un parrainage ou une recommandation de ceux-ci, ou toute affiliation avec ceux-ci. Les investissements dans des titres comportent des risques de perte. Toute mention d'un titre particulier et des données de performance associées ne constitue pas une recommandation d'acheter ou de vendre ce titre. Les informations fournies sur le podcast ne sont pas destinées à un investisseur ou à une catégorie d'investisseurs spécifiques et sont fournies uniquement à titre d'information générale. Évidemment, rien sur ce podcast ne doit être considéré comme un conseil financier personnalisé ou une sollicitation d'achat ou de vente de titres. Pour tout conseil spécifique, veuillez consulter un professionnel. L'animateur du podcast ne peut être tenu responsable de vos décisions financières.

"Under the Tree" is an initiative to re - live the child hood and our lives by relating to stories by great writers of yesteryears. The objective is to rekindle the interest of reading and showcase the Indian authors work which give rebirth to the tradition, culture. Spiritual series that is rich in Indian ethos along with Management aspects increase positivity which is much needed always..

It's easy to set goals, but extremely difficult to follow through with them. Why is that? In today's episode of The Trading Coach Podcast Akil Stokes will answer that question & provide you with 3 strategies that will help you have a 2-3x great chance at achieving your goals. Books mentioned in this podcast "Atomic Habits" by James Clear & " The Automatic Millionaire" by David Bach Please remember to leave this podcast a rating & review if you haven't done so already! Thank you in advance! Your Trading Coach - Akil --- Send in a voice message: https://podcasters.spotify.com/pod/show/thetradingcoachpodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/thetradingcoachpodcast/support

DealQuest Community, several episodes ago, I introduced a project we've been working on – remastering early episodes of the DealQuest podcast into new life. I'm excited to bring you yet again another remastered episode from the start of this podcast. This episode is with a good friend of mine, David Bach, owner of FinishRich Media, and 10x New York Times Bestselling Author.David has authored 13 books, including bestsellers like Smart Women Finish Rich, Smart Couples Finish Rich, and The Automatic Millionaire. At the date of original airing, David's most recent book was The Latte Factor: Why You Don't Have to Be Rich to Live Rich. Unlike his previous works, The Latte Factor is a parable that can be read in about an hour. Its primary aim is to inspire millennials, Generation Z, and generations to come to take control of their financial futures, even in the face of student loans and credit card debt. TAKING CONTROLDavid has made a name for himself by helping individuals take control of their financial futures. In this engaging conversation, they delve into David's journey, his principles of financial literacy, and his approach to making successful deals.To start, there is importance of having a clear mission in the world of personal finance. David's journey began with the mission to educate and empower women to be smarter with their money. Through books like Smart Women Finish Rich, he started a lifelong commitment to financial education.Bach's core principles include automating savings, paying oneself first, and making small changes in spending habits to achieve significant results. He practices what he preaches: Ensuring that he aligns his actions with his mission. LEVERAGING LICENSING DEALS FOR RESIDUAL INCOMEOne of David's distinctive approaches is his focus on licensing deals. Instead of offering one-time consulting or training services, he creates valuable intellectual property (IP) that can be licensed repeatedly. This strategy allows him to amplify the impact of his mission while generating ongoing licensing fees, resulting in residual income. David's key lessons from licensing deals include: Protect Your IP: Trademark and protect your intellectual property to safeguard your unique content. Seek Mission-Aligned Partnerships: Partner with organizations that share your mission and goals for a win-win collaboration. Think Long-Term: Focus on licensing arrangements that offer ongoing revenue rather than one-time project fees. CHARACTERISTICS OF A GREAT DEALMAKERWe often discuss on this podcast what truly makes a dealmaker. According to David, a dealmaker should possess certain characteristics: Optimism: dealmakers are optimists who believe in creating win-win situations for all parties involved. Flexibility: They can adapt to the needs and wants of others while pursuing their objectives. Due Diligence: It's crucial to research the people and companies you're dealing with to ensure alignment and integrity. Authenticity: dealmakers should be authentic negotiators, transparent about their goals and expectations. Incorporating these characteristics into their approach, dealmakers like David can navigate complex negotiations, build lasting partnerships, and achieve their missions while benefiting all parties involved.David's journey from financial literacy advocate to successful dealmaker is a testament to his authenticity, mission-driven approach, and commitment to empowering others – all of the things that not just David, but many other leaders in the space, believe is what makes a great dealmaker. His story serves as an inspiration to all those looking to create wealth, live authentically, and make a positive impact on the world of finance. • • •For my full discussion with David Bach, and more on this topic and topics not featured on this blog post:Listen to the Full DealQuest Podcast Episode Here• • • FOR MORE ON DAVID BACH:https://www.linkedin.com/in/david-bach/https://davidbach.com/ Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. Get deal-ready with the DealQuest Podcast with Corey Kupfer, where like-minded entrepreneurs and business leaders converge, share insights and challenges, and success stories. Equip yourself with the tools, resources, and support necessary to navigate the complex yet rewarding world of dealmaking. Dive into the world of deal-driven growth today!

How did Digital Entrepreneur Christian Schroeder invest in Himself to be able to run 10x Value Partners? Well, that's what your Podcast Mogul Phil Better is here to do. Join Phil as he asks about I would like to have changed the world and made it a better place via my investments. and how brand awareness is currently something they are dealing with in their business! We also discuss why The Automatic Millionaire is a book they recommend for Entrepreneurs to Read. Make sure to listen until the end for a special treat! Remember to Invest In Yourself

Business Podcast | How to Design A Life That You Will LOVE!!! The Proven Path to Becoming An Automatic Millionaire With Best-Selling Author David Bach, Steve Currington & David Fraser + The KLOrtho.com SUPER Success Story!!! Learn More Today At: www.BunkieLife.com Business | Learn How to Build a Business And Not a Job. Discover How Clay Clark's Business Coaching Has Helped www.PeakBusinessValuation.com to Grow By 217%? | The Importance ofImplementing WEEKLY Proven Systems & Business Coaching Why Do 96% of Businesses Fail By Default? Why 96 Percent of Businesses Fail - https://www.inc.com/bill-carmody/why-96-of-businesses-fail-within-10-years.html Learn More About Opening a TipTopK9.com Franchise Today HERE: www.TipTopK9.com Schedule a FREE Consultation Today At: https://peakbusinessvaluation.com/ - Call 435-359-2684 Business | Learn the SPECIFIC Systems, Proven Processes and Best-Practices Strategies That You Need to Use to Grow Your Business By 10X | Learn How Clay Clark Coached www.PMHOKC.com and www.DelrichtResearch.com Into 10X Growth Business | "Since Working With Clay I've Learned Everything About Business. The Experience Working Here Has Been LIFE CHANGING. I've Not Only Learned New Things, But I've Gained a Whole New Mindset." - Robert Redmond Business | Learn How to Hire, Inspire, Train and Retain High Quality Employees | Learn How Clay Clark Has Helped Multi Clean to Experience EPIC Growth Year Over Year While Building an Incredible Team Business | How to Use Search Engine Optimization to DRAMATICALLY GROW YOUR BUSINESS + How Clay Clark Helped BarbeeCookies.com to DOUBLE the SIZE of Her Business Within Just 12 Months!!! Learn More About the Success Stories Below: www.LivingWaterIrrigationOK.com www.BarbeeCookies.com www.PMHOKC.com www.DelrichtResearch.com www.OXIFresh.com www.PeakBusinessValuation.com www.TipTopK9.com Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About How Clay Has Taught Doctor Joe Lai And His Team Orthodontic Team How to Achieve Massive Success Today At: www.KLOrtho.com Learn How to Grow Your Business Full THROTTLE NOW!!! Learn How to Turn Your Ideas Into A REAL Successful Company + Learn How Clay Clark Coached Bob Healy Into the Success Of His www.GrillBlazer.com Products Learn More About the Grill Blazer Product Today At: www.GrillBlazer.com Learn More About the Actual Client Success Stories Referenced In Today's Video Including: www.ShawHomes.com www.SteveCurrington.com www.TheGarageBA.com www.TipTopK9.com Learn More About How Clay Clark Has Helped Roy Coggeshall to TRIPLE the Size of His Businesses for Less Money That It Costs to Even Hire One Full-Time Minimum Wage Employee Today At: www.ThrivetimeShow.com To Learn More About Roy Coggeshall And His Real Businesses Today Visit: https://TheGarageBA.com/ https://RCAutospecialists.com/ Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/ 75% of Employees Steal from the Workplace - https://www.forbes.com/sites/ivywalker/2018/12/28/your-employees-are-probably-stealing-from-you-here-are-five-ways-to-put-an-end-to-it/ 85% of Employees Lie On Resumes - https://www.inc.com/jt-odonnell/staggering-85-of-job-applicants-lying-on-resumes-.html 96% of Businesses Fail - https://www.inc.com/bill-carmody/why-96-of-businesses-fail-within-10-years.html

Health:"The Blue Zones" by Dan Buettner"How Not to Die" by Michael Greger"The Power of Now" by Eckhart Tolle"Mindset: The New Psychology of Success" by Carol S. Dweck"Atomic Habits" by James Clear"Eat to Live" by Joel Fuhrman"The Whole30" by Melissa Hartwig Urban and Dallas Hartwig"The Happiness Project" by Gretchen Rubin"Born to Run" by Christopher McDougall"You Are a Badass" by Jen SinceroWealth: 11. "Rich Dad Poor Dad" by Robert T. Kiyosaki 12. "Think and Grow Rich" by Napoleon Hill 13. "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko 14. "The Intelligent Investor" by Benjamin Graham 15. "The Richest Man in Babylon" by George S. Clason 16. "The Total Money Makeover" by Dave Ramsey 17. "I Will Teach You to Be Rich" by Ramit Sethi 18. "The 4-Hour Workweek" by Timothy Ferriss 19. "The Automatic Millionaire" by David Bach 20. "Your Money or Your Life" by Vicki Robin and Joe DominguezRelationships: 21. "The 5 Love Languages" by Gary Chapman 22. "Men Are from Mars, Women Are from Venus" by John Gray 23. "Hold Me Tight" by Dr. Sue Johnson 24. "The Seven Principles for Making Marriage Work" by John Gottman and Nan Silver 25. "Attached" by Amir Levine and Rachel S. F. Heller 26. "Crucial Conversations" by Kerry Patterson, Joseph Grenny, Ron McMillan, and Al Switzler 27. "Nonviolent Communication" by Marshall B. Rosenberg 28. "Getting the Love You Want" by Harville Hendrix 29. "The Relationship Cure" by John Gottman 30. "Daring Greatly" by Brené Brown --- Support this podcast: https://podcasters.spotify.com/pod/show/booksintamil/support

Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/ --

with 9 times Best-Selling Author David Bach We Have More Than DOUBLED Our Business Since Working with You." - Gabe Salinas     Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About How Clay Has Taught Doctor Joe Lai And His Team Orthodontic Team How to Achieve Massive Success Today At: www.KLOrtho.com Learn How to Grow Your Business Full THROTTLE NOW!!! Learn How to Turn Your Ideas Into A REAL Successful Company + Learn How Clay Clark Coached Bob Healy Into the Success Of His www.GrillBlazer.com Products   Learn More About the Grill Blazer Product Today At: www.GrillBlazer.com Learn More About the Actual Client Success Stories Referenced In Today's Video Including: www.ShawHomes.com www.SteveCurrington.com www.TheGarageBA.com www.TipTopK9.com Learn More About How Clay Clark Has Helped Roy Coggeshall to TRIPLE the Size of His Businesses for Less Money That It Costs to Even Hire One Full-Time Minimum Wage Employee Today At: www.ThrivetimeShow.com To Learn More About Roy Coggeshall And His Real Businesses Today Visit: https://TheGarageBA.com/ https://RCAutospecialists.com/ Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/

Business | How to Become an Automatic Millionaire | A Powerful One-Step Plan to Live and Finish Rich with 9 times Best-Selling Author David Bach ********************************************************* Learn More About the Window Ninjas Success Story Today At: www.WindowNinjas.com See Thousands of Clay Clark Client Success Stories Today: https://www.thrivetimeshow.com/testimonials/ Learn More About Attending the Clay Clark's 2-Day Interactive Business Growth Conference Today At: https://www.thrivetimeshow.com/business-conferences/ Learn How Clay Clark Has Helped Greg And Dawn to Triple the Size of Their Business: www.glueandnails.com To Learn More About Buying An OXIFresh.com Franchise Go To: https://www.thrivetimeshow.com/oxifresh/ To Learn More About Buying a Window Ninjas Franchise Go To: www.TipTopK9.com “The difference between great people and everyone else is that great people create their lives actively, while everyone else is created by their lives, passively waiting to see where life takes them next. The difference between the two is living fully and just existing.” ― Gerber Michael E., The E-myth Revisited “Do not wait: the time will never be 'just right'. Start where you stand, and work whatever tools you may have at your command and better tools will be found as you go along.” - Napoleon Hill BUSINESS + How Clay Clark Helped BarbeeCookies.com to DOUBLE the SIZE of Her Business Within Just 12 Months!!! Learn More About the Success Stories Below: www.LivingWaterIrrigationOK.com www.BarbeeCookies.com www.PMHOKC.com www.DelrichtResearch.com www.OXIFresh.com www.PeakBusinessValuation.com www.TipTopK9.com www.TulsaOilers.com https://sierrapoolsandspas.com/ www.AmyBaltimoreCPA.com www.MorningGloryEatery.com www.Pappagallos.com Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) Learn More About How Clay Has Taught Doctor Joe Lai And His Team Orthodontic Team How to Achieve Massive Success Today At: www.KLOrtho.com Learn How to Grow Your Business Full THROTTLE NOW!!! Learn How to Turn Your Ideas Into A REAL Successful Company + Learn How Clay Clark Coached Bob Healy Into the Success Of His www.GrillBlazer.com Products Learn More About the Grill Blazer Product Today At: www.GrillBlazer.com Learn More About the Actual Client Success Stories Referenced In Today's Video Including: www.ShawHomes.com www.SteveCurrington.com www.TheGarageBA.com www.TipTopK9.com www.WeShredOnSite.com Learn More About How Clay Clark Has Helped Roy Coggeshall to TRIPLE the Size of His Businesses for Less Money That It Costs to Even Hire One Full-Time Minimum Wage Employee Today At: www.ThrivetimeShow.com To Learn More About Roy Coggeshall And His Real Businesses Today Visit: https://TheGarageBA.com/ https://RCAutospecialists.com/ Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com) See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/

Three important points that David Bach makes in “The Automatic Millionaire” are: The power of automation The Latte factor The importance of taking action My take on the best way for the average person to start the process of becoming an automatic millionaire following this philosophy: Set up automatic deposits to your savings and investment accounts […] The post S3E14: The Automatic Millionaire: Commentary on David Bach's Best-Selling Book first appeared on The Family Business. The post S3E14: The Automatic Millionaire: Commentary on David Bach's Best-Selling Book appeared first on The Family Business.

Clay Clark and Paul Hood (CPA) break down 5 words of wisdom from the 9X New York Times bestselling author, David Bach including quotes about: how to get out of a financial hole, the importance of knowing where you are at financially, why change is so hard for most people, and more.

The Automatic Millionaire - David Bach - audiobook - part 05 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 05 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 04 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 04 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 03 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 03 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 02 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 02 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 01 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

The Automatic Millionaire - David Bach - audiobook - part 01 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motivation-icandoit/message

What if you could decide today to become an “Automatic Millionaire” by simply making a few small one time decisions with where and how you spend your money? 9x New York Times best-selling author and Oprah guest, David Bach joins us to share his secrets for becoming an “Automatic Millionaire.”

The beautiful thing about building wealth is there's not just one way to reach your financial goals. This is where your creativity and ambition come into play. Today's guest, Daniel Schiermeyer, built his residential portfolio and then leveraged that to buy businesses, with more ways to cash flow than we can count!Daniel started getting into real estate after college when he read The Automatic Millionaire. He prioritized living cheaper, and in Charlotte, it was cheaper to buy a house than to rent, so he bought his first house at twenty-nine. With a thirty-year mortgage on his first house, Daniel realized if he bought a house every year or two, by the time he was sixty, he could pay off all the houses and have a strong retirement plan. His real estate portfolio consists of two townhomes, a duplex, a self-storage facility, and businesses to boot!Sticking to residential real estate was the plan until Daniel drove by a car wash for sale with his brother. His brother encouraged him to pursue it, so they called the number on the “For Sale” sign. Once they talked to the broker, ran the numbers, and walked the property, they realized the numbers made sense. Now, he's got a cash-flowing car wash and residential and commercial real estate all while chasing financial freedom! In This Episode We CoverUsing real estate to build a retirement plan and why real estate is the ultimate paydayAnalyzing commercial real estate deals and how to determine potential growthPurchasing land vs. purchasing a business and why it's beneficial to buy bothHow to run a business and why self-education is essentialSelf-storage investing 101 and how to create value in the self-storage spaceBuilding a real estate investing business plan and the key things you need to succeedAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentAshley's InstagramTony's InstagramAirbnbReal Estate Rookie Facebook GroupMonday.comBiggerPocketsLoopNetBizBuySellMLS$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneAJ Osborne's InstagramThe BiggerPockets Real Estate PodcastSelf Storage: The Misunderstood Money Maker Most Investors Overlook4 Key Ways to Build Wealth in Real EstateConnect with Daniel:Daniel's InstagramDaniel's Facebook ProfileDaniels BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-237Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You can subscribe and listen to every episode of the "Unleash the Awesome" podcast at https://gambrill.com/podcast .  0:51 Success usually involves the same few things, processes, protocols, frameworks, executed with incremental improvement over and over and over.  1:15 "Leveraging the OODA Loop for Massive Success" - Episode 2 of the "Unleash the Awesome" podcast with Dave Gambrill.https://gambrill.simplecast.com/episodes/leveraging-the-ooda-loop-for-massive-success . 1:30 "I fear not the man who has practiced 10,000 kicks. once, but I fear the man who has practiced one kick. 10,000 times." -Bruce Lee 5:11 "Beware of the man who claims to manufacture antiques." - Jim Rohn 5:45 "How to Set Yourself Up for Success - Mindset, Skill Set, Tool Set" - Episode 16 of "Unleash the Awesome".https://gambrill.simplecast.com/episodes/how-to-set-yourself-up-for-success-mindset-skill-set-tool-set . 6:00 Your First Funnel Challenge - Russell Brunson and Clickfunnels 2.0 https://gambrill.com/yff . 6:57 "Blue Ocean Strategy - How to Create Uncontested Market Space and Make the Competition Irrelevant" - W. Chan Kim and Renee Bourgnehttps://amzn.to/3ePGmHk . 9:08 "The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich" - David Bachhttps://amzn.to/3s50kku . . . . . . . . .  Want some help deciding what tech tools to use in your business? Check out Tech Tools Tuesday.https://gambrill.com/ttt . Come join the conversation in our communities... Digital Marketing Mentorship with Dave Gambrill Facebook Grouphttps://www.facebook.com/groups/dmmdavegambrill . Digital Marketing Mentorship with Dave Gambrill Telegram Channelhttps://gambrill.com/telegramdmm . And let me know what you thought of this episode and what you'd like me cover in future episodes over on Instagram.https://www.instagram.com/gambrill/ .  #unleashawesome #mindset #success #toolset #entrepreneur #success #skillset  #digitalmarketing #coaching #clickfunnels  #russellbrunson #jimrohn #speaker #trainer #creatoreconomy #process #systems  #davidbach #gambrill #davegambrill  #intentional #funnelhacker  CONSUMER NOTICE: You should assume that I have an affiliate relationship and/or another material connection to the providers of goods and services mentioned in this broadcast and may be compensated when you purchase from a provider. You should always perform due diligence before buying goods or services from anyone via the Internet or offline.

When you think about money… what instantly comes up? Anxiety, bills, stress, etc… You are going to want to listen to this episode. Coach Meg dives into Money Mindset giving you the motivation and tools to reframe your thinking around money and attract more of it into your life. Money Mindset Books Meg has read and recommends: Happy Pocket Full of Money, You are a BADASS at making money, Automatic Millionaire. Money Journal Prompts: 1. Write down three money goals 2. What does money represent to you today? When considering money, what do you want it for? 3. As you grew up were you ever put down or left out because you didn't have money? Or were you ever embarrassed because you did? 4. Do you have any issues from the past that are holding you back financially? 5. What is your biggest financial fear? 6. What is your attitude toward money? Abundance Mantra: I live an abundant life - rich with love, friends, money and compassion. Money flows easily and effortlessly to me.

If you take the right steps to properly prepare for the approaching recession, you can come out on top. In this episode, Brian teaches how to maximize opportunities and grow your finances during turbulent economic times. He also interviews his personal financial advisor, Ben Stewart, about specific strategies that can lead to success. YOU WILL LEARN:· Why inflation is a hole your bucket.· 3 tips to win in recessionary times.· Ben Stewart's system for success.MENTIONED IN THIS EPISODE:S2E43, The Coming Recessionhttps://play.acast.com/s/the-brian-buffini-show/s2e43-the-coming-recession https://www.stewartwealthmgt.com/ MasterMind Summithttps://www.buffiniandcompany.com/events/mastermind-summit/ “The Automatic Millionaire,” by David Bachhttps://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful/dp/0451499085/ref=sr_1_1?crid=1FUCODO5QD52O&keywords=the+automatic+millionaire&qid=1654594440&sprefix=the+auto%2Caps%2C207&sr=8-1 “The Psychology of Money,” by Morgan Houselhttps://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/ref=sr_1_1?crid=B1P9QQVI9EGY&keywords=the+psychology+of+money+morgan+housel&qid=1654594549&sprefix=the+psychology+of+%2Caps%2C182&sr=8-1 NOTEWORTHY QUOTES FROM THIS EPISODE: “Inflation is the worst casino you've ever been to.” – Brian Buffini “We can't safety our way to success during a recession.” – Brian Buffini “Save, grow and invest.” – Brian Buffini “Be fearful when others are greedy and be greedy when others are fearful.” – Warren Buffet “You need to have a safe money strategy, you need to have a real estate strategy, and you need to have a stock strategy.” – Ben Stewart See acast.com/privacy for privacy and opt-out information.

You can subscribe, rate, review, and listen to every episode of the "Unleash the Awesome" podcast at https://gambrill.com/podcast .  0:32 Disclaimer: This information is for educational and informational purposes only. Consult with your own medical, financial, legal, etc. advisors for your unique situations. 1:40 We know that the basic concept for losing weight is that you have to expend more calories than you consume on a consistent basis, but there are lots of different ways to accomplish that. 7:05 There are lots of ways you can get rich and financially free, but it ultimately comes down to increasing your income and reducing your expenses. The concept is simple, but there are many methods to achieve that. 7:38 "The Automatic Millionaire" - David Bach https://amzn.to/3GWL67K . 9:12 "Rich Dad, Poor Dad" - Robert Kiyosakihttps://amzn.to/3MqA9wg . 12:50 Making your money work for you 24/7 is another financial concept, and again, the methods for doing it are many.  15:00 I show people how to monetize their message and expertise online through courses, coaching, memberships, etc. Check out the links below to come join my Facebook group, Telegram Channel, etc. so you don't miss anything. 23:17 The reason "75 Hard" by Andy Frisella works so well is that it forces you to pay attention to small changes over time based on the simple concept of burning more calories than you consume with proper hydration.  Come join the conversation in our communities... Digital Marketing Mentorship with Dave Gambrill Facebook Grouphttps://www.facebook.com/groups/dmmdavegambrill . Digital Marketing Mentorship with Dave Gambrill Telegram Channelhttps://gambrill.com/telegramdmm . And let me know what you thought of this episode and what you'd like me cover in future episodes over on Instagram.https://www.instagram.com/gambrill/ . Here are some of the other most popular episodes of "Unleash the Awesome"... "Russell Brunson Shares Powerful Insights from his Book 'Traffic Secrets" - Episode 23https://gambrill.simplecast.com/episodes/russell-brunson-shares-powerful-insights-from-his-new-book-traffic-secrets . "Job Search Secrets and How to be a STAR in the Interview" - Episode 34https://gambrill.simplecast.com/episodes/job-search-secrets-and-how-to-be-a-star-in-the-interview . "Dr. Robert Cialdini Shares Powerful New Insights Regarding Influence and Persuasion". - Episode 66https://gambrill.simplecast.com/episodes/dr-robert-cialdini-shares-powerful-new-insights-regarding-influence-and-persuasion . "The Secret Behind How John C. Maxwell Became the World's #1 Leadership Expert" - Episode 9https://gambrill.simplecast.com/episodes/the-secret-behind-how-john-c-maxwell-became-the-worlds-1-leadership-expert . #unleashawesome #mindset #methods #davegambrill #techtools #entrepreneur #success #skillset #sidehustle #digitalmarketing #coaching #toolset #digitalceo #onlinecourses #10x #funnelhacker #fhl2022 #speaker #trainer #coach #consultant #10x #4hww #process #systems #habits #goals #author #andyfrisella #75hard #davidback #richdadpoordad #robertkiyosaki #chrishemsworth #passiveincome #investing #indexfunds #rothira #401k #realestate CONSUMER NOTICE: You should assume that I have an affiliate relationship and/or another material connection to the providers of goods and services mentioned in this broadcast and may be compensated when you purchase from a provider. You should always perform due diligence before buying goods or services from anyone via the Internet or offline.

In this episode we are jumping back into Jack Canfield's book The Success Principles. In principle 58 he talks about paying yourself first.   Learn more about the FA Rx and schedule your call here: https://flourish.academy/rx   Check out my favorite books here: https://kit.co/FlourishAcademy   Please visit the link below to change your life: http://flourish.academy/time   Major Points from this Episode: What you focus on you will feel. You will get what you focus on. Actionable Strategies: Ask yourself: Where do I need to shift my attitude about money? Where is my attention? How to Support the Podcast: Subscribe to the podcast on iTunes, Stitcher, Google Play or wherever you listen to podcasts. Please like, share, and leave a review. If you like the content, please share with your friends by posting on social media so that we can reach and impact more people. If you want to purchase any of the books that we discuss, please use the link in the notes to shop on Amazon. In fact, if you shop on Amazon at all, then use our link to help support the podcast. https://www.amazon.com/?tag=weddbyheat-20 Connect: Heather Lahtinen: Website, Facebook, Instagram

JOIN OUR MAILING LIST → https://view.flodesk.com/pages/60eefaf115524dbe58151b1a WHY THE LATTE FACTOR WORKS (IF YOU WANT TO BE A MILLIONAIRE) Have you ever heard of the latte factor? It's a concept coined by David Bach, one of my favourite financial authors, and appears in his book The Automatic Millionaire. Concepts like the latte factor have taken a lot of flack from the millennial generation, and rightly so as it's often used to shame millennials for having poor financial habits, often unjustly. To flip the script though, I'm going to walk you through the root idea of why the latte factor works, how the latte factor works, and provide some numbers showing you how to become a millionaire by embracing the latte factor, or whatever your version of it is. NEXT STEPS: Want to learn more about managing your finances like a real live adult? Join the free personal finance mini course, it's perfect for beginners! https://howtoadultschool.com/7-day-money-challenge Ready to take your first step towards financial independence? Start an emergency fund using this high interest savings account: https://howtoadultschool.com/finance-resources#finance-tools Check out my favourite personal finance books for beginners: https://howtoadultschool.com/finance-resources#finance-books SAY HI ON SOCIAL! Tiktok: https://www.tiktok.com/@howtoadultsch... Instagram: http://instagram.com/howtoadultschool Facebook: http://facebook.com/HowToAdultSchool Youtube: https://www.youtube.com/channel/UC5I8eXvox7t9fGcLcYYfckw?sub_confirmation=1 Video: https://youtu.be/8m_nogEX4fo Note: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!

Episode: 159 Jabbar Adesada Join your host David Pere and Alex Felice in this episode with guest Jabbar Adesada as they get to know how a 20-year-old grows his real estate portfolio and tackles hundred-thousand-dollar real estate properties. When people get into real estate, they tend to focus on what they don't have that may hinder their entry into real estate investing. But instead of thinking that, here, Jabbar explains why it's vital to maximize what you already have and how you can draw inspiration without comparison. In this episode, Adam, David, and Jabbar talk about the right mindset towards risks, why David recommends having a network of lenders, Alex's take on HELOC limits, the first thing you should know about banks as an investor, and so much more. About Jabbar Adesada: After moving in with his father, Jabbar Adesada was given strict instruction to read books like "Rich Dad Poor Dad," "I Will Teach You To Be Rich," and "Automatic Millionaire." Jabbar decided to put down his NBA/med school dreams and open up a brokerage account. Lucky for him, right around the time he started investing was the 2020 stock market crash, giving him all the discount he needed to make his first profits. After running some "when will I be a millionaire?" scenarios, Jabbar realized that real estate, and not the stock market, is the best path to financial independence. Outline of the episode: [03:03] Host to Service Members – hosting service members far from home [05:50] Jabbar's first property from a VA loan [10:19] On accidentally finding an investment partner [14:55] What do you have that you can start with? [19:56] You only need six months of service before using a VA loan [24:35] Every bank is different [30:46] Debt is the risk! [35:19] What banks do to loans during downturns [39:15] It's the risk that you're unaware of that sinks you [42:12] Never compare; just draw inspiration! - Sponsor: The War Room Real Estate Mastermind Group! wrmastermind@gmail.com - Resources: Instagram:          https://www.instagram.com/jabbar_investar/ Tiktok:                  https://www.tiktok.com/@jabbar_investa   The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich, Book by David Bach: https://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful/dp/0451499085   I Will Teach You to Be Rich, Book by Ramit Sethi: https://www.amazon.com/Will-Teach-You-Rich-Second/dp/1523505745/ref=sr_1_1?crid=35Y5BJJ6IIXEW&keywords=I+will+teach+you+to+be+Rich&qid=1641790173&s=books&sprefix=%2Cstripbooks-intl-ship%2C564&sr=1-1   Follow The Military Millionaire Podcast's journey on: Website:              https://www.frommilitarytomillionaire.com/ YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/ Facebook:           https://www.facebook.com/groups/1735593999901619/ Instagram:          https://www.instagram.com/frommilitarytomillionaire/   Become A War Room Mastermind Group Member: https://military-millionaire-academy.teachable.com/p/the-war-room   Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere: https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010   Zero to One: Real Estate Investing for Beginners: https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101   Grab hold of your 2-Week FREE Trial of Propstream Now: https://trial.propstreampro.com/militarytomillionaire/ - Sponsor: The War Room Real Estate Mastermind Group! wrmastermind@gmail.com - Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ Become an investor: https://www.frommilitarytomillionaire.com/investor/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos! THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Are you someone who has built wealth? If you want to survive and thrive, you need money to do so. Many people struggle with money, with having either very little or no money, or having to chase after money all the time. It's not necessary, and it's no fun. From what I've seen and the many, many conversations I've had with clients and others who are struggling with money, I believe it's robbing people of expressing their full potential. Today, I'm going to share the top 5 most important things I think you need in order to build wealth. These 5 things are not hard, some of them are actually very easy, and all of them you can start today. And I hope you do! Mentioned in this episode: Automatic Millionaire by David Bach Bankrate Consults That Convert FREE Training Subscribe to the podcast VIP Facebook Group Work/Connect with me: Consults That Convert FREE Training 10K Accelerator Business and Rejuvenation Retreat   Tune in to start taking your business and life to the next level today and don't forget to subscribe or follow the podcast to make sure you don't miss any future episodes. Visit https://jessicamillercoaching.com/ to learn more. You can also follow me on Instagram (@jessicadioguardimiller) and Facebook.

If you stumbled upon this minisode episode, then you are listening to our favorite segments of the week. I grabbed my mic, laid on my bed, and was just thinking about a few things: good-fitting bras, my time living in Zurich, my thoughts on the book, Automatic Millionaire, and this interesting experience with a widow. RESOURCES AND LINKS:Join our membership waiting listThe Automatic Millionaire* by David BachOrder our productivity eBookDM me with thoughts or questions on InstagramJoin our private Facebook group hereWant a life-changing morning routine? Download it free here  LET'S STAY CONNECTEDSubscribe: Apple, Spotify, StitcherFollow us on Instagram: click hereGet free weekly emails on spirituality: click hereVisit our website: click hereNEW MINI-EPISODE EVERY THURSDAY*This is an affiliate link that helps support the podcast at no extra cost to you!

Join the discussion on Facebook!TranscriptJonathan VanHorn:Welcome to the Tooth and Coin Podcast, where we talk about your adventure of being a dental practice owner. In these episodes, we're going to be talking about problems that you will likely face as a practice owner, as well as give an idea about actionable solutions that you can take so that you can get past this problem in your practice. Some of these concepts are really big ones, some of them are very specific, but we hope that these episodes help you along with your journey. Now, a very important piece for you to understand is that this is not paid financial advice. This is not paid tax or legal advice. We are not your financial advisors. We are not your CPAs. This is two CPAs talking about informational and educational content to help you along with your journey. It's a very important piece for you to understand.Jonathan VanHorn:Another thing that you need to know is if you enjoy today's content, join us on the Facebook group. So we've got a Facebook group, that is active with Dennis, that is going to have content talking about what we're talking about today, to continue the discussion. Agree with us, don't agree with us, have a story to tell, have something to share, join us in the Facebook group. If you go to Facebook and you search for Tooth and Coin Podcast, click on it to join it and be able to join us there. Finally, if you need some more help, we're developing a list of resources that we're going to be centering it around our topics of discussion, to be able to help you a little bit more than what the content is doing.Jonathan VanHorn:So if you'd like access to that, whenever it becomes ready, all you have to do is text the word toothandcoin T-O-O-T-H-A-N-D-C-O-I-N to 33444. Again, that's toothandcoin, all one word, no spaces, to 33444. Reply with your email address, and we'll email you instructions on how to get into the Facebook group, as well as add you to the list, to be able to send you those resources when they're available. And if they're available, we'll go ahead and send them to you as well. So on to today's episode, hope you enjoy it.Jonathan VanHorn:Hello, ambitious dentist. Today, we're going to be talking about a topic that is, you know, some people that could even maybe think is a little bit controversial. It's one that is not everyone's most favorite thing to do. For Joseph and I, being CPAs and in the financial world, it's pretty fun. It's a fun game to play. And we're talking about today, budgeting. So the big problem surrounding budgeting is that you typically do budgeting as a response to something else. And the problem that is being responded to, for budgeting, is that as a dentist, you typically have a pretty good amount of income, potential earning capacity, in your lifetime, in your professional career. And with that additional income can sometimes come life scope creep.Jonathan VanHorn:You've got a lot of responsibilities. You may have some extra debt coming in and you don't really know what to do with that income. And so today's episode, we're going to be talking about the personal side of budgeting for your personal income, and then we're going to have a follow-up up, so that's going to be talking about business budgeting, which is our two completely separate topics. Just as a reminder, since this is, I think of all the episodes that we've done so far, this one could be the most easily confused to be financial advice. This is not financial advice. This is two CPAs talking about personal financial budgeting, and just talking about some of the things that we do in our personal lives, and things we've seen other clients do as well.Jonathan VanHorn:So Joseph is a master of budgeting. I budget myself, but it's not nearly as robust and as sophisticated as how Joseph does his. Ever since I've met Joseph, the first time, I think he talked to me like, "Hey, have you ever tried to do budgeting?" And so he's been really, really deep in this world for a long time. So Joseph talk to us about budgeting and for definition purposes, let's assume no one has ever heard of the term budgeting before. What is budgeting and how does it help address the problem that we outlined?Joseph Rugger:Yeah. Great question. So we're talking about the B word. We're going to have people that are going to go search for our podcast, and they're going to say that we're doing an episode on budgeting, and they're immediately going to not listen to it. They're going to skip this one and go to the other ones because budget has a tendency to be a bad word. So some initial feeling. So one of the things that I always like to talk about when we talk about money is, money is amoral. Money is not good. It's not evil. It's not any of that stuff. Money is just a tool, just like anything else that you can use for anything that you want. So at a high level, whenever we hear budgeting, we think that means control. Somebody, somewhere is going to control my money and we get very emotional about it.Joseph Rugger:And one of the things that we try to do as CPAs is we try to remove the emotion out of it as much as we can. So knowing that this is your livelihood, knowing that this is everything that's going on, this is your hopes and your dreams, your blood, sweat, and tears, everything that you've poured into this business, into your career, into your life, we want to try to remove as much emotion as we can. So I think that probably one of the first things that I would say about budgeting, in general, is that budgeting is about being intentional. And what we want you to do is we want you to be intentional with your money, whether we're talking about on the personal side, or on the business side, which we'll get to in a later episode, we want you to be intentional with your money.Joseph Rugger:So at a high level, budgeting is about how much money is coming in, and how much of that money is going to go out, and who gets that money, and where does it go. So very simply, if I have income of 100 bucks in a month and $95 of it goes out the door, my checking account balance increases by $5, right? So where did that $95 go? Maybe a part of it was a tithe or some sort of charitable giving. Maybe it was some sort of a savings that you're putting money into a savings account or an investment account. Maybe that's going towards paying your house payment, paying your car payment, paying your utilities, paying for your kids' school, paying for groceries. They're all of these different categories that we have in the budgeting world. So at a high level, a budget is about how much money is coming in, and then how much is going out, and then sticking to that, or not sticking to that, and making choices along the way.Joseph Rugger:So whenever we say budgeting, Jonathan, what are your thoughts? Do you get that squirmy, "Man, that sounds like somebody is going to control me. I hate that word. It's a bad word." What are some of your thoughts? You're a CPA, but we're still emotional. We're still emotional as CPAs about our own money.Jonathan VanHorn:Yeah. So the budgeting side of things to me is always, I guess, I just initially will sometimes get frustration when I think about budgeting. And the reason is because I like to plan, and I like to have a path, and budgeting, a lot of the time, ends up not going the way you planned. Little things come up and things like that. And it requires a lot of discipline. So sometimes that can be frustration, especially whenever you have more than one person that's in your family home, that you can sit down with them, and come up with a plan, and it only takes one person to make that plan go one way or the other. So I do get a little frustration when I think about budgeting.Jonathan VanHorn:And I think the other frustration comes from the fact that you got to do it. It's one of those things that you if you know enough about it you know it's important, but it's very easy to neglect it. It's very easy to just not really try and worry about it too much because of the amount of effort that has to go into it compared to what you can perceivably get out of it. So yeah. So frustration is probably what I think of when I think of budgeting in and of itself. But again, it's a necessary thing to do, especially on the personal side. We'll get into the business side of it in another episode, but from the personal side, yeah. It's just one of those things that if you're not managing where the money's going to, it just gets so easy for it to just go this way, that way, and everywhere in between. So I'm happy to share how I do my budgeting, but I would love to hear how you like to approach budgeting or how you have to approach budgeting for people that have never done it before.Joseph Rugger:Yeah, sure. So couple of things. So there's lots of different resources that are out there. There's lots of different authors that have written on this topic. I think it'd be worthwhile for me to share a couple of people that have been influential, just helping me shape the way that I look at money, and how it flows, and that kind of thing. Some of these names are probably dirty names in your household. Some of them you may hear and be like, "Oh man, that person's an idiot. I don't like them." But these are just people that I've read. One of the great things about growing up and becoming an adult, when you're a young child and you go to school, you learn this is the way it is, like the world is round. It's not flat. It's very zero and one, very right or wrong.Jonathan VanHorn:There are people that disagree with you, even today, unfortunately, about that being round.Joseph Rugger:Fair enough. Fair enough. Fair enough. But that's just the way our education system works. And then, when you get out, and on your own, and start learning things, you realize that everybody has a different perspective and a different way of looking at things. So there is no right or wrong answer with a ton of stuff. So I'm going to mention a couple of authors that have been influential in my life as I've read the stuff that they've put out, but it's their perspective. It's the way that they look at things. And it has helped shape my perspective on a bunch of different things inside of my life. So some of the names you'll recognize, I'm sure you probably will, and one of them was Dave Ramsey. He was one of the first ones that I started to learn about money and how it works.Joseph Rugger:I really like Ramit Sethi. He wrote a book called I Will Teach You To Be Rich. I really like David Bach who wrote The Automatic Millionaire. Dave Ramsey book is the Financial Peace. Financial Peace University has a class out there. Robert Kiyosaki wrote Rich Dad Poor Dad, which is also a really good resource and a good thing. So I've read, and learned a lot, and put a bunch of these things, in general, in place in my life to figure that out. So whenever I look at "budgeting," it's more of an art than a science. I mean, there is some science to it, but there's a lot of different things that happen. Life happens, right? Things happen in the course of a given month, and to me, budgeting is about having a plan where you can be prepared for different things.Joseph Rugger:So something as simple as having an emergency fund is something that I'm sure is familiar to all of our guests now. How much and where should it be and all this stuff. We're not going to get into all of that because that's not really what we're talking about, but being intentional with your money and making sure that you've got different perspectives on stuff. So I'm old school. I'm probably older than a good chunk of the people that listen to us. So I didn't grow up with all of the fancy tools that are out there now. To me, Excel was one of the first big pieces of software that I learned how to use, right? I didn't grow up with mint.com, and an apple iPhone, and all of these things. I remember getting my first flip phone when I was 16-years-old, we had allotted time of 15 minutes a month.Joseph Rugger:That was the max, emergencies only. So I predate myself a little bit. So Excel is where I live as an accountant. I love Excel. So I have an Excel spreadsheet, and I sit down, before the month begins, and I'm not like our current level of clients to where income is variable. So I've got a pretty good idea, not down to the penny, but I've got a pretty good idea of, let's just say within five to 10% either way, of how much money's coming in. And a practice owner, their income can be so variable within the practice, and within their W-2 wage, and their production, and all this stuff. So one of the things that I'm going to start with is I'm going to start with top line income and I've got a pretty good idea of where that is.Joseph Rugger:Now, if you don't have an idea, you can certainly look at six months worth of history and figure out. And then, there are things that are inside my personal household that are fixed expenses. Things that I know are going to come out every single month, something as simple as a mortgage payment, right? I know the mortgage is going to come out. I know what day of the month it's going to come out. It's the same exact amount every month. So that's a fixed expense, right? There are other expenses that are variable expenses. How many times are we going to go out to eat this month? That's variable. How much is the grocery bill going to be? That's variable. Are we going to take a vacation? Are we going to buy plane tickets? Are we going to buy a hotel room? Those are all variable expenses.Joseph Rugger:So understanding the difference between fixed expenses and variable expenses, I think is important. And the other thing that I would also say that is inside my Excel spreadsheet, Jonathan, I'm tracking every single dollar that goes on our credit card, every single dollar that goes on our debit card, every single money that comes out for this. I'm monitoring our balances on all of our different things, and I'm updating it daily, and I've got a scheduled net worth out, and we've got all of this different stuff. And I would imagine, as I describe these things, probably gives you some heartburn, and even though you're a CPA, I know you're just such a tech guy. So this is like the basics. I feel like I've got a stone and chisel out and I've got my little Excel spreadsheet that's tracking my money as it comes in and out. What are some things that resonate with you there that you guys do, personally, when you look at something like this?Jonathan VanHorn:Yeah. So for me, there's the way I used to do it and then there's the way I do it now. The way I used to do it was pretty similar to what you do. I used mint.com to aggregate the data coming through, in terms of what our spend was and things like that. At one point I used accounting software, which was like QuickBooks Online and Xero. I actually had a complete P and L and balance sheet set up for myself or my family. So that can tell what our net worth was, the balance sheet, and see our income spend. I'll have a budget add-on built into it and things like that. And those things for me, the way that I work, and the way I'm wired, they really only lasted probably six to nine months at a time.Jonathan VanHorn:And I would probably just... something would happen and I'd be like, "I don't have the ability or time to do this right now. So I'm going to put it off." And then what happens is we put it off for too long, then it just gets to be where it's such a big mole hill to get over. I was just like, "I don't want to do this." What happened, happened. I can't change what happened at this point. So I'm not even going to worry about logging the transactions and doing all these other types of things. So I've used Clarity Money, which is an app through I believe Wells Fargo. That is a really good one, too. I really enjoyed that one. That one was probably the most automated and the best aggregator of everything that I've used and was all done in your phone.Jonathan VanHorn:And even that, even as simple as that, I stopped using it just because I've eventually got to a point where I was like, "Oh, there's so many things going on with this." That it ended up not being what I... It didn't do exactly what I wanted it to do every time, so I got tired of messing with the nuances of it. And so now, what I do is I use a spreadsheet, and I have different categories of what I do, and what it is. And like you said, you have your, I labeled it as monthly expenses. I have a monthly amount of money I'm going to spend, whether it be through mortgage, or my kids' school, or health insurance, or utilities, or car payment, or whatever it may be. They're the knowns.Jonathan VanHorn:I know we're going to spend this much money on these things, and that's our monthly dollar amount. And let's say, "Okay, well, this is our monthly dollar amount on this." And then, I have our variables, like you said, our meals, how much are we going to spend on gas? How much are we going to do on these other things? And I just lump those into a big category of all the variables, if we could spend less than this amount. I honestly don't even at this point track if we hit those things or not. It's just an internal thing in my head I can try to keep up with. There's also just the one-time things that just come up, like something happened with the roof, or something happened with this, or something happened with that.Jonathan VanHorn:And then we'll use our other personal funds to take care of it. So whenever we were doing the other things, the purpose of that, to me, was for us to build up our cash reserve, so we could withstand some little things here and there. Luckily, we'd done it for long enough that we'd saved enough where we have a six to 12-month saving account. So we over-fund that already. The one-time expenses don't... I don't think we've ever had a $10,000 one-time expense. Hopefully, that never changes. But funded that up pretty quickly after that. That is how we currently do our budgeting, so I don't go in and look at every single line item detail.Jonathan VanHorn:I almost never look at every line item detail. I usually just look at the total amount we spent in a month, compare that to the here's our monthly definite amount. Whatever's the difference of those two things must be the variables. Is that number super high? If so, then why? Do we need to change something about what we're doing? If there's nothing we could do, then I'm just content with it to be honest with you. So that's how I currently do it. And I probably do that once every couple of months. I don't do it enough. I would say the most effective time we have when we were budgeting was whenever my wife and I would carve off 45 minutes every Sunday night, before the week began, to talk about what was going to happen over the course of the week. But three kids sometimes... At some point we didn't even have Sunday nights to do that with, so.Jonathan VanHorn:So how do you do budgeting? What do you recommend people do in terms of that? Because I'm sure my history with it is similar to a bunch of different people's paths with budgeting, but what do you do? What do you recommend? Things like that.Joseph Rugger:Sure. Sure. So I think that in general, I want to use the word intentional a lot in this podcast episode, because I think it's important, especially when we're talking about money. I want you to be intentional with your money. I think the other thing that you need to do is you need to be consistent with it. So Jonathan just described like, "Oh, well, we used to do this and we kind of do this. And on our own, we look at it every couple of months." The more complex that you make anything in life, the less the chances are that you're going to be able to stick with it. So if I say, "An Excel spreadsheet," I've already lost half of you. You're like, "I don't even know how to use Excel. That's for accountants." I've already lost half of you. The other half of you are like, "Oh, I think I've heard of Mint before. I've used that before. I know how that works. It's a data aggregator, right?"Joseph Rugger:So I think, in general, we want you to be intentional with the different stuff that you have. I want you to figure something out that you can stick with. And it may be the end thing that Jonathan ended with there, which is we just have this number that we need to spend and go through every single month. And if it's more than that, we know that we've got an issue. If it's less than that, then we know that we're in good shape. So just having just, in general, how much money went out of your bank account. That's a simple, simple thing. If you have one bank account that all your money comes in and out of, it's very, very simple.Joseph Rugger:What was the beginning balance on that checking statement? And what was the ending balance? And what was the Delta there? What was the change there? So I think that that's probably a good first place to start is understanding are you increasing your cash each month? Are you decreasing your cash each month? What's something simple that you can stick with? What's some things that you can be intentional about? So one of the things, I mentioned, David Bach, The Automatic Millionaire, one of the things he talks about is that how in the history of the United States, the most successful saving program we've ever had has been the 401k, right? So that's an automatic deduction from your paycheck. So that may or may not apply to all of our listeners here, but if it's on you to remember at the end of the month to write a check, to send it to a retirement account, that may or may not be something that you can stay consistent with, and stay intentional with.Joseph Rugger:But if it's an automatic paycheck deduction, then it's out of sight, out of mind. So I'm not here sitting here saying that you need to save for a year and a half or none of that stuff, what I'm saying is what are the systems that you can set up? What are some things that you can put in place that you can be intentional about your money, something that you can stick with? I have good friends that are interested in making sure that they do a certain amount in charitable deductions each month. And I say, "Okay, well, when do you get paid?" "Well, I get paid every other Friday." "Okay. Well, why don't you set up an automatic donation to that charity every other Friday? They draft money out of your account the same day that your payroll comes through."Joseph Rugger:So again, if charitable donations is your thing and that's one of the things you want to do, be intentional about it. So this is how much I want to do every two weeks, or every 15th and 30th, or on the first of every month, or the 10th of every month, or any of that stuff. It's like on your mortgage payment, do you have the... And this is probably going to sound silly to a lot of our listeners at this point, but 10 years ago, there were tons of people that would sit down, and they would write a check, and they would mail a check to the mortgage company, right? So how do you remember? "Oh, well, I got my paper statement in the mail." Well, now it probably comes via email. A lot of you probably have it set up on auto-draft.Joseph Rugger:So what are the different systems that you can set up to set yourself up for success? Whether it be with how much you're spending on meals, entertainment, or travel, or if it's something like how much is my house payment? And what day of the month does that come out? Or how much is going to... We've mentioned a couple of times in emergency funds, how much do I need to have in an emergency fund? Well, I'm not here to tell you how much needs to be in there. What I'm telling you is you need to have an emergency fund. How much, that's really up to you and your comfort level. So how are you going to set up systems in place to have an emergency fund, right? The other thing that I would say is there are things that qualify as an emergency. Back to school shopping for the kids is not an emergency. Christmas presents are not an emergency.Joseph Rugger:Those are things that you need to be intentional about throughout the course of the year, throughout the course of November, December, or July and August, when it's time to go back to school shopping. If we're going to spend $1,000 on back to school clothes for the kids, we can't also spend X amount of dollars on vacations or eating out. All of these things, money comes in, money goes out. It's a zero-sum game. If you're looking at it from a budgeting perspective, I just want you to be intentional about it. I think that's probably my thing there. So Jonathan, I would say, what systems can you set up? What are some things that you can stick to? And what are some things that you can be super intentional about? What are your thoughts there?Jonathan VanHorn:Do you recommend people do the automatic payments to things like with the mortgage and even credit cards can set up automatic payments now? For me, personally, it's all set up whenever I get a medical bill in that can't be paid online, I get frustrated because I'm like, "Oh, I got to find a checkbook somewhere in my house to write one of these archaic notes to someone." So everything I do is done... And also, if it's not done automatically, then I have a chance of not paying it. So do you recommend people do that or are you asking for the intentionality of the payment to be missed if you do it that way? I don't know if intentionality is the word.Joseph Rugger:Yeah, good question. So I think I got to be careful about this because everybody's going to come at this thing from a different perspective. There are going to be some people that are going to listen to this that have $500 in their personal checking account and they're going to live paycheck to paycheck. There are going to be some people that are listening to this that keep $100,000 cushion in their personal checking account. So I think that you got to approach each situation a little differently. So I think, that in general, I think that what is the "cushion" that you have inside of your personal checking account? So some people may be comfortable with a thousand bucks, 5,000 bucks, $25,000, 50,000. Everybody's going to have a different comfort level of what they've got.Joseph Rugger:What I don't want you to do is I don't want you to say, "Oh, these guys told me I needed to automate everything, so I set my credit card on auto-pay." And then, all of a sudden, you ran up a $35,000 credit card bill, and you didn't have $35,000 in your checking account when the auto-pay came through. So I think that that's one of the things that we got to be careful in just saying, "Oh, set everything up on auto-pay." I love auto-pay. I have auto-pay for a lot of things, but I don't have it on everything. I think that you need to figure out what makes the most sense for you to have on auto-pay and you need to just make sure that you've got that squared away. So some people might say, "Oh, I have my credit card on auto-pay."Joseph Rugger:And they send me an email that says, "Hey, by the way, your bill is due. It's due on this day, you're going to get an auto-draft on this day." And they're just like, "Oh, okay, great." And they'd go say, okay, well, however much the bill is, 10,000, 20,000, whatever. And like, "I'm going to make sure that that money is in my checking account." And that kind of thing. So I'd proceed with caution on what all you set up on auto-pay. So there's simple stuff like your utility bill, your gas bill, and your water bill, and your electric bill. I would imagine that most of the people that are listening to this podcast are not living on $50 in their checking account, right? If I talked to my 21-year-old college brother, he probably needs to make sure he actually writes the check for his utility bill and make sure that the money is actually in the account.Joseph Rugger:But some of the smaller stuff like that... I like being intentional about charitable giving, the mortgage payment's a really, really important payment that you don't want to miss, and have fees, and associated with that. The credit card payments are something that gets a little dicey because that changes every single month, right? I've never had two months in a row where all of the expenses go on the credit card and it's the same exact amount. It's going to vary widely based on what all's going on. It's like, we're in the middle of the summer right now, so there's going to be stuff about going to the lake, and stuff about going to the beach, and hotels, and airfare, and like all that different stuff. And we're not doing a whole lot of traveling in February, right?Joseph Rugger:We're hunkered down because the ice was coming and the snow's coming. It's like, every single month is different. May, tons of people get married in May or graduate in May. It's like, we're going to have graduation gifts, and we're going to have wedding gifts, and we're going to have all that different stuff, right? It's like, what month is your child's birthday? Are you going to have a big, huge blowout and have the big jump jump out at the house? You going to have the DJ come and DJ the kid's birthday party? So I'd proceed with caution on setting up some of the bigger stuff, I guess, for automatic payments, and just be intentional about that. Does that make sense? This is me dancing around the question, but for the most part I think it really depends [crosstalk 00:27:12].Jonathan VanHorn:Yeah, I completely understand what you're saying. So in terms of the... We touched on credit card debt, but what about just debt in general? So you said the first step is to have intention. I guess, before we talk about that, how does someone define their intention? Because at the end of the day, we're doing budgeting for a reason. And how does someone define their own intention? You have to have an intention, but what is intention for someone like this? What's the purpose of all this? Hey, everybody, Jonathan checking in really quick here, this episode got a little long, so we cut it into multiple pieces. This is episode one. You can find episode two next week, or in the following weeks. So make sure that if you listen to this episode, you listen to the other episode as well, so you have the full context around everything that's going on. Thanks for tuning in and we will see you next time.Jonathan VanHorn:That's it for today, guys. I hope you enjoyed this episode of The Tooth and Coin Podcast. If you are going to be a practice owner, or a new practice owner, and you're interested in CPA services, head on over to toothandcoin.com where you can check out more about our CPA services. We have around 250 offices around the country. We would love to be able to have the discussion about how we could help your new practice. We do specialize in new practice owners. So people that are about to be an owner of a practice that are inquiring, that are about to be an owner of a practice they are starting up, or has become an owner in the past five years, that is our specialty. I would love to be able to talk to you about how we could help you in your services with your tax and accounting services. And if you enjoyed today's episode, again, go to the Facebook group.Jonathan VanHorn:Talk to us about what we've talked about, join in on the discussion, and let's create an environment where we can talk about some of these things, so that we can all help each other get through these things together, so that this adventure of business ownership is more fun, more productive, and better in the longterm. Lastly, if you want access to those resources that we are currently building, just text the word toothandcoin to 33444. That's toothandcoin, no spaces, T-O-O-T-H-A-N-D-C-O-I-N to 33444, reply with your email address. We'll send you instructions in the Facebook group. We'll send you the resources when they're available and we will see you next week.

Join the normal crew as we sit down and discuss interesting relations after reading Automatic Millionaire the book.

Are you already slacking on those new year's resolutions? When was the last time you picked up a book that wasn't required reading from school or your job? What are you doing to separate yourself from the others at  your job or in your field to make even more money?Reading and self-education is one of the few ways to truly get ahead and if you aren't sure where to start, I'm going to give you four books that will help you make/keep more money. There are a lot of good books like Rich Dad, Poor Dad and How To Win Friends and Influence People and all that. But I've picked some more obscure reads that you might not have heard of before like Essentialism, The Richest Man in Babylon, Who Moved My Cheese, and The Automatic Millionaire. These books offer different perspectives that I think are crucial if you want to lock down your financial foundation, free up your time and really work towards the things that are important to you. Take my advice and the advice of these books and use it to prioritize, take back your time, quit things that don't matter and start making serious progress on the things that are most important to you!

#MyInvestingStory showcases the Investing Story of Successful Long-term Investors, who are everyday people. Ann and Ionnie McNeill, are both Lifetime Members and Volunteers of BetterInvesting, a non-profit focused on Investment Education for Individuals and Investment Clubs. Each week we interview a Special Guest, shining light on their investing story, lessons learned, words of wisdom and resources to aid you in starting your investing journey. Maquita Perry holds a Bachelor of Arts degree in Early Childhood Education from Francis Marion University and a Master of Science in Speech Language Pathology from Nova Southeastern University. As a South Carolina native currently residing in Columbia, SC, Maquita works as a Speech-Language Pathologist at an elementary school. Investing is a new area of interest that was piqued. The idea was piqued by a posting that she saw on Facebook. As a result, she decided to sign up for the free 90-day trial with Better Investing. Maquita became a member and started listening to the webinars. After attending several webinars and listening to weekly podcasts of "My Investing Story", she became even more intrigued about investing and how it applied to her personal life and situation. Maquita has started her own portfolio, learned about various retirement accounts, read several books on the topic, and shared her newfound information with family and friends. Maquita is currently a member of the Better Investing South Florida Model Investment Club. Connect With Maquita Perry Email Facebook LinkedIn Book Recommendations: 3."The Gift: The Essential Guide to Money and Investment for Women" by Mark A. Parks, Jr 2."The Automatic Millionaire" by David Bach 3. "Start Late, Finish Rich" by David Bach -- If you're looking for a BetterInvesting Chapter near you, check out our community at https://bit.ly/BILocalChapters or visit us at BetterInvesting South Florida Chapter Take the info from the podcast to the next level by becoming a BetterInvesting Member and joining us at our next Educational Event Grab a copy of “The Baby Billionaire's Guide to Investing: Building Wealth at an Early Age” If you have questions about the podcast or any of the programs we discuss here, email us at abetterinvesting@gmail.com Want your child or a youth you know to participate in the Summer Stock Market game? Email your interest at abetterinvesting@gmail.com The hashtag for the podcast is #MyInvestingStory Make sure to follow us on Social Media: Facebook: @BetterInvestingSFL Instagram: @BetterInvestingSFL Linkedin: @BetterInvestingSouthFlorida Twitter: @BI_SEFL

There are more millionaires in America today than ever before. At one time, becoming a millionaire may have only been attained by the highly educated or successful corporate officers – now it can be attainable by anyone with the right plan and the right tools to get them there. In today's episode, Patti sits down once again with renowned journalist and radio host, Gregg Stebben. Gregg confesses that while he has always been financially responsible in his life, he was not taking financial responsibility. But because of the pandemic shutdowns, an opportunity arose that he saw happening across America…people became more mindful where their money was going and how it was being spent. Patti shared the secrets of gaining financial freedom with some very simple tools that are available. Listen to find out how using these tools, automates your spending behavior, and when applied over time, the opportunity arises to become an automatic millionaire.

Welcome to the 2nd episode of Mom Talk. In this episode, Kaywanda Lamb, The Winning Single Mom discusses how to get your money foundation right starting with a recap of mindset. She then discusses checking your money story and lays out 4 steps to focus on to build a firm foundation. Kaywanda also shares how she paid off 10 credit cards in 2 years using her Mama Money Cashflow System found in her Single Mom Success Bundle. She also shares books that she's read that led to shifting her money mindset. See links below. “I want you to win in every area of your life. Before you start a business, fix your relationship with money.”Kaywanda shares why she lives on the 80-10-10 principle and why you should, too. This is definitely an episode every single mom should tune in to. Utilize the resources, absorb the wisdom, and apply it to your life.As you face your situation and make a plan to fix it, you will see where you have room to invest in yourself, start your business, and build a legacy for your family.Resources mentioned in this episode:The Single Mom Success Bundle (includes 13 resources to help you balance your budget and organize your life as a single mom)The Automatic Millionaire by David BachResources that helped Kaywanda along the way:Prayer, Jesus, faith, never giving up (yes, keep these #1)Dave Ramsey- The debt snowball methodBankrate.com to compare prices on loans, credit cards, bank interest rates, mortgage loans, etc.Blog posts about finances and the single mom:5 Money Habits You Need to Break Now That You're a Single Mom10 Uncommon Ways Single Moms Can Keep More Money in Their Pockets5 Ways to Earn Extra Money as a Single Mom7 Things You Must Do When You Become a Single MotherHey mama, you can do this! Do the homework Kaywanda asks you to do in this episode and you will see change in your life and in your bank account. Need one on one support? Kaywanda offers life, budget, and business coaching to single mothers. Connect with her for a discovery call to see if her coaching plans or courses are right for you at KaywandaLamb.com.Support the show (https://cash.app/$KaywandaLamb)

In this episode of The Happy Hustle Podcast, Brad and Cary discuss how to manage your money effectively in times of crisis and Happy Hustle your finances! Bradley Jarryd helps transform people's mindset and behaviors around money to ensure they are on the best path to achieving their financial and lifestyle goals. Unlike a financial adviser who is paid from selling investments and insurance, Brad takes a deep dive into your current situation to help you create a wealth mindset to eliminate debt, make smarter purchasing decisions, reduce wasteful spending, forge new powerful money habits, and find opportunities to increase your income. For the past 15+ years, he has been helping people close to him replace frivolous spending with long term investing in alignment with their dreams as well as eliminate debt and make wiser purchasing decisions. Besides obtaining coaching certification through Dave Ramsey, some of the other top wealth-generating experts he studies and implement teachings from include Tony Robbins, (The world's #1 transformational coach), Warren Buffet (#1 Investor in the World), David Bach (author of The Automatic Millionaire), Chris Hogan (A Dave Ramsey disciple and author of Everyday Millionaires), Ramit Sethi (Indian millennial entrepreneur and financial blogger), Kyle Cease (transformational speaker and author), and the list continues. To work with Brad and get a FREE consultation go to: https://www.bradleyjarryd.com/coaching For more on check out www.caryjack.com/podcastin Love and light fam!

We are told that budgeting is an essential step to building wealth, but few see the results they want when they make a budget. Why is that? In this episode we'll discuss how you can guarantee that you'll build wealth throughout your life. If you want to purchase "The Automatic Millionaire" by David Bach, you can do so here: https://amzn.to/3etuZ1U (Amazon affiliate link, but I have no affiliation with author David Bach. It's just a really great book!) --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/tyler-nicholls/support

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I loved the book The Automatic Millionaire by David Bach. I learned a lot and found that most of the lessons sprinkled throughout the book are applicable for everyone. Here are my top 5 takeaways from The Automatic Millionaire. Enjoy! The post 5TF – Lessons From The Automatic Millionaire appeared first on .

Learn why you should pay yourself first and side hustle ideas! Patrina Dixon, the It's my money lady with itsmymoneyjournal.info Bio: International Speaker, Award-Winning Author, Finance Coach, Blogger and Podcaster. Find out more at www.itsmymoneyjournal.info Follow Patrina on IG and Twitter: @itsmymoney_ or Facebook: @itsmymoneyjournal Resources mentioned in this episode: Four Financial Languages (https://amzn.to/2LHBHGk) Automatic Millionaire (https://amzn.to/31Ggsdt) 7 Day Pay What You Want Challenge (www.budgetsmadeeasy.com/budget-challenge) Budgeting for Beginners: A Step-by-Step Guide (https://www.budgetsmadeeasy.com/budgeting-beginners-guide/) Full transcript: Hey, it's Ashley Patrick with the money mindset podcast. And today I am so excited to have Patrina Dixon a k a. It's my money lady with, it's my money journal.info a on the podcast today. She's going to be talking about budgeting and side hustles and all those great things. She's an international speaker, award winning author, finance coach, blogger and podcaster. Welcome, Katrina. Welcome Ashley. I'm so glad to be here. Thanks for having me. I am so glad to have you here. Uh, so why don't you just jump right in and tell us a little bit about yourself. Sure. So in addition to the things that you, you've named, I'm also a mom, which is actually one of my favorite roles. I'm a husband, or excuse me, a wife to my wonderful husband. So I love to add those because you know, the titles give like the personal tie. Those are my wise, like I, you know, I do what I do to show my daughter, if you put the work in, you can accomplish goals that you want to accomplish and live the sort of life you wanna live. So, um, she's, she's my why and then my husband is my, you know, one of my hugest supporters in addition to, um, my mom. So that also about me. Yes. Having a big why is so important. So I'm so happy that you said it like that because that's like the big thing behind developing your money mindset, which is what my podcast is all about. And you know, just having your big why and knowing your reason for continuing. So that's, I love that you said it that way. So tell us a little bit about what you do to help people with their finances. Sure. So, and being a certified financial education instructor, uh, it affords me the opportunity to work with individuals one-on-one. Um, so I have clients that I work with to really be their accountability partner because a lot of what I share with them or not, um, is not hard. And some of them have tried it in many different ways. Um, so it's about showing them and having them be accountable when they meet with me on the frequency for which they do that. Okay. Did you do this? Did you stay on track with what we talked about? So it's that one-on-one. Um, you know, like I said, training being their accountability partner, helping them to reach their financial goals. And then on a larger, um, a larger scale, I, uh, facilitate workshops with both youth in adults. So I'm, yeah, I'm hired in to come in and talk about topics like budgeting and side hustles, entrepreneurship and things of that nature. Again, all financial concepts to help folks find additional dollars by decreasing spending that they're, that they may be doing or side hustles, meaning additional ways for them to earn dollars so that they could pay off debt or increase their savings. I love that. I love that you are doing workshops with a young people because it's so crucial to really develop the money mindset and how to handle your money at such a young age. Do you feel that when you do these that they're really receptive to the information? Yeah. No. So Ashley's interesting that you asked me that. So I'm a much older person and I'll say wiser a person. When I originally started, I was a bit delayed. Am I journey, um, because my goal was wanting to work with young people and I had a lot of people say to me, like, young people are not going to relate to you. You're much older than they are. How you're not, you know, when you were their age, things were different and you know, you'll get that resistance. But I'm finding the exact opposite. Um, you know, I, I try to get as much information about the young people that I'm going to speak with so that I can come in and sort of meet them at their level, if you will. And I'm there. I'm getting, uh, you know, they, they are very engaged. Um, you know, uh, the, the questions that they asked are right on point. I, um, you know, get wonderful responses to the surveys as to thank you so much. Please teach my mom or my dad or whomever. Um, yes, they, you know, interestingly enough, they are really receptive and because of their engagement in their responses to surveys, it allows me to get, you know, be in front of additional youth by way of sharing those in the organization. Sharing. Yes. Thoughts about my workshops to others. Oh, that's awesome. So just out of curiosity, have you been doing it long enough to have them, uh, come back like a couple years later? The like give you feedback on how it really like impacted their life on how they handle money? Yes, yes. Oh Wow. Great question. So yes and yes. So I'm in two different yeah. Ways have I had that sort of feedback. So I'm actually one of the interns that's working for me now. She attended my workshops through the wide WCA and now she's actually one of my interns. Like, oh, help me do this. Yeah. So it's really great. And then I've actually, I do a, a local TV show here just for a local station here. And um, I had a couple students on one that had gone through a book club that I used to host as well as one that had gone through my workshops. And both of them came on talking about, uh, decisions that they've made regarding money that was different before they went through my class. So it was like, okay, I'm one, one young lady said that I had a dance to go to and then another event she had to go to, she was like a totally different people that were going to be there. Why did I need a new dress? I didn't need a new dress. So I saved the money from like that. My friends were spending on a new dress for the second event when I knew I wasn't going to see the same people. So she was like, I started to think about my money differently after going through your workshop. That's awesome. That is so great that these young people are getting such a great headstart in life because I agree low and Morton does start young, you know, we all make mistakes with our money and the younger you can learn it the better. So that is, I love that. Absolutely. What is your number one budgeting tip? Like whenever you do these workshops, whether it's with the youth or you know, young adults or whoever, like what's the number one thing you try and stress to people? Pay Yourself first. And I say that, and it can be done in many different ways. Uh, pay yourself first because when life happens, like the car break down, the water heater breaks, you have to take care of it so you have to pay yourself first. So, um, there's like I said, oh, there's many different ways that that can be done. I encourage people to, um, automate paying themselves first. So just like a, you know, you have your 401k, your taxes, whatever it is, come out. Also have your contribution to your savings to come out first. So spend your money on you by habit directly going into the savings account of your choice. I always encourage web-based savings accounts, but whichever of your choice, just make sure that that's done first before you start doing everything else. That's great. Now what about, do you ever get people, and I see it so much in today's society, especially like I even saw it this morning on Facebook, but people don't believe that they can get ahead. Like they feel like they're just stuck in this cycle of not making enough money, not being able to save for emergencies. You know, they think that millionaires were born into it, which, you know, those of us that know the research, know that most millionaires are self made. You know, and you know, I think there is a disconnect between what people think is a millionaire. Like, you know, they think they make $1 million a year versus like they have a net worth of $1 million. So, you know, there is definitely a disconnect in our society about that. But you know, for somebody that's really struggling to believe that they can get out of the cycle and they can budget and save money, do you have any tips or advice on just getting past that mindset and shifting into believing that it's even possible for them? Yeah. You know, again, another great question and I actually in all candor, um, sometimes struggle with uh, no knowing folks that I know that need to learn the various different tactics and strategies that I can share with them or others can , um, getting them to understand exactly what you're saying. Like, you need to invest a little in yourself so that you'll be in a better place financially. And it's because of what you said, their mindset, I can't do it. I don't have enough to do it. They can't wrap their head around paying someone to help them manage their money better. So, um, yeah. So, so how do I help with that or what do I see? I see it. Um, unfortunately it's a very hard nut to crack and I would just say it's a little by little, I love Shannon testimonials because when folks can see somebody that looks like you, maybe you've grown up with or what or whatever have you are doing exactly what you can do as well. Sometimes that encourages them to try to, you know, take that step or that leap forward to do the same thing. So testimonials are really critical. I tried to put them on my site, on my social handles so they, they can see that it happens. Um, the other thing I would say is I'm continuously trying to, uh, share when there is all free opportunities for folks to be a part of that. When there's community events or when there's um, you know, like, like a podcast like this that's available where they can listen and they can hear this is a person that started here and here's where they are and here's what they did to get there. I think sometimes it's like a story resonating with them that they can say, oh wait a minute. That's my exact situation and what that he or she do. Oh wait a minute, let me try that. So it's about, you know, you have to continuously put, put it out there, make this stuff available and, and hopefully eventually, you know, you would start to see a mind shift change. Yes. That is so true. Like that really helped me when we were paying off all of our debt. As I would lay in bed at night and read debt, pay off stories, like we just read a couple and then I would go to bed, go to sleep because it was like I saw other people doing it as like they can do it, then I can do it too. So that is, and of course I listened to tons of podcasts and stuff. You know, it's just actually right. You got to find what you can to, you know, get motivated. So now another aspect that you know, you help people with is making extra money. So we may have this person that they're starting budgeting. Um, they're really, they, they know that they can do it or at least they're starting to believe that they can do it, but they really just aren't making enough money. Like they don't have enough money. They have too many bills. Like even when they sit down, they do their budget. Like it's not necessarily a spending problem with an income problems. So what kind of tips or ideas do you have somebody that just needs to make some extra money? Yeah, so now I don't, I want to make sure that we're clear in saying sigh hustles in my eight view side hustles are different than second jobs. And I say that because I liked it. The find a side hustle is fine. I think a way to monetize things that you are passionate about and enjoy doing. Um, a second job is you can go out and you know, work at the mall or whatever have you and you're still, you need to, you know, punch in at a certain time, punch out at a certain time, take your lunch at a certain time. Maybe depending on the job you get where a certain thing in my mind, although that will help you increase the amount of income that you have. It is different from a side hustle. I see a sigh hustle as something that you're doing that you're getting paid for, that you love doing. So when I work with clients, when they are looking for ways to increase money coming in, what do you enjoy doing? If you didn't have to go to work, what would you like to do? If it's baking, if it's um, I don't know, drawing, whatever it is. People need artists for books. People that are authors. Sometimes they need illustrators. If you like baking during the holidays, people that are very busy can't bake that pie or those muffins that they need. Maybe you can pick up an income like that. So it's what would you, what do you enjoy doing? Like if you didn't have to go to work, you didn't, the kids are all taken care of and they're playing. So what would you like to just sit down and do? Even if it's reading, maybe it's getting paid to do reviews. So that those are the ways that I a, um, try to encourage people to make that extra income. So it does it seem like it's another laborious thing that you have to do and it's actually something that you can't wait to do and you're getting paid to do it. That's it. Great. I mean, those are really good ideas. I mean, that's how a lot of things like on Etsy and um, you know, uh, this people do sewing and crafts and things like that, you know? And that's Kinda how they get started with that. So I love that you are taking the approach of finding something that you love so that, you know, cause sometimes it can take you a while to get out of debt and things like that. So if you're finding ways to make extra money that isn't so daunting, like delivering pizza or something like that, that's those are really, if you, if you like driving. So maybe Uber eats or maybe you know, Sherry's different. So it's like it's trying to get out of them, you know. You know what, uh, Ashley, what I find sometimes in some, some of my clients live locally, so I've meet Facebook face to face with them. Um, they are, they literally pause for an extended period of time because they really don't know what they have a passion for because they just haven't had time to indulge in that. So it's always interesting because it's like, I, I um, I am not too, shouldn't be the one telling them this is what you should do to do as your side hustle. It's more about pulling out of them what they enjoy and is, it always amazes me when some folks take a, you know, take quite a bit of time to figure out what do I like, like I don't know, cause I haven't done something that I did in a long time. It's about getting that money, paying bills, but when you, when you see in their face, when they start to really think about it and then, you know, articulate it and then it's like, wow, I never even thought about that. Like I love watching that happen. Yeah. That's awesome. Because we get so busy with just the day to day life and kids and running here and there that, you know, we can, as adults we kind of lose sight of what makes us happy, like our hobbies and things like that. Like it just, that's one of the first things to go. So, you know, they probably haven't thought about it in a long time, like, or even thought about how to make money with it, which is a huge thing. Like they may just do it for fun or do it for their friends, but to actually have somebody tell them, hey, you could make money doing this is probably very eyeopening for them. Yes. Yes it is. Um, okay. And I like to ask everybody what their favorite nonfiction book is because you know, they say most millionaires read at least one book a month and it's really about self-improvement and changing your mindset. So I know I kind of threw that question on you. Do you have anything that comes to mind that is like, you know, a nonfiction book that is your favorite? Oh my gosh. I read a lot of self-help books like um oh or I should, I guess finance top finance topic book. So I guess that could be in that category cause I can't, yeah. Okay. So, um, you're the, I'm trying to think of what I'm packing cause I'm actually prepared to go to fin con. Are you on to think gone? No, I don't get to go this year or next year. I just realized yesterday that I can't go next year either. I'm really sad. Oh, why are you a, because of the dates that I've already gone out of Kansas for my grandma's 80th birthday. So it's, you know, I have that. So I don't know. You must do that. So let's see. The books that I've, I'm most recently acquired a need to finish reading. So I would say it's the, um, four financial languages by, uh, Tara or madam money. Uh, that's one that I have. Um, let's see. Automatic Millionaire, I purchased that actually a while ago. I haven't finished reading that either. I'm really bad about that. Oh, that looks good. I gotta read it. And then it says, um, speakers is another book by a woman named Cheryl Wood. Oh, okay. I haven't heard of any of those. And that's why I love about this question because usually it's books I haven't even seen or heard of. So I'm adding those to my list. All right. Where can people find you? Oh yes. So, um, my website is, it's my money.info. So that's I t s m y m o n e yjournal.info. I'm on Twitter, Instagram. It's, it's my money underscore and Facebook is at, it's my money journal. Awesome. And do you have any last words of wisdom? Yeah, so I said it earlier in the recording, but pay yourself first. I know it may sound very difficult to do, or you have to make sure you pay your mortgage or rent a car payment, whatever it is. I don't care how much it is, if it's five, 10 or $20 make sure that's the first thing you do because when life happens, you have to take care of it. That's great. Thank you so much for coming on and speaking with us today. Oh, they actually, thank you for having me.

David Bach is a top trusted financial expert, nine-time New York Times bestselling author, motivational speaker, successful entrepreneur, and founder of FinishRich media. David's most successful work as an author includes his Finish Rich and Automatic Millionaire series of books, translated into more than 19 languages and with more than 7 million total books in print. David is also a frequent national television guest and contributor. David's accolades and accomplishments seem truly endless. He has been recognized as a “thought leader of the year in the RIA industry” by WealthManagement.com in 2018, and he currently serves as the Co-Founder and Director of Advisor and Investor Education with AE Wealth Management, one of America's fastest growing RIA firms with more than $6 billion in total platform assets. Over the course of two decades, David's work has taught more than a hundred million people how to better manage their finances, be smarter with their money, and truly obtain wealth. What You Will Learn: David discusses his new book The Latte Factor, and why he wrote it for today's young people to show them that there is hope for achieving the American Dream, as long as they take a few key financial steps. David shares how he learned many of his important financial lessons from his grandmother, for whom he wrote the book Smart Women Finish Rich. He shares these key lessons and why they have had such an impact on him. David gives an overview of his long career in the financial services industry. He discusses the work AE Wealth Management does to help RIA firms grow, expand, brand themselves and gain clients. David shares how he learned an important lesson about saving for retirement, and he shares how a little bit of work adds up over time to become a remarkable amount of money by the time you're ready to retire. Learn how David has been able to use deals to advance his business through his early experience developing his Smart Women Finish Rich program including how licensing deals were key. David shares how he has leverage his content, brand and expertise into business partnerships and equity positions in companies. Davis shares the key qualities a true dealmaker needs to have. He explains why optimism matters and that you can't do a good deal with a bad person. How to connect with David Bach: Website: www.thelattefactor.com Website: www.davidbach.com

David Bach is a New York Time's Best Selling Author with over 7 million copies sold. I get a chance to sit down with him and learn more about his journey from leaving a $700 million fee-based practice to chase his dream of empowering 1 million women to become smarter with their money. You'll also learn how he finally got featured on Oprah, what it was like to take a 18-month sabbatical and why he strongly believes everyone should take a 6-week sabbatical and his crazy 3 year goals.

Today I'm very pleased to welcome David Bach to the show. David is the author of several books on achieving your financial goals, and doing so while reducing stress along the way. With titles including Automatic Millionaire, Smart Women Finish Rich, and Smart Couples Finish Rich, David has become an absolute authority on choosing yourself first. Or as he says, "Pay yourself first." With financial troubles being the leading cause of friction and divorce amongst couples, David has found several key ways that families can manage their finances easier. Steps couples can take to improve their financial lives include: *Talking about small purchases more often. *Twice a year, work with your spouse or a financial advisor to monitor your personal financial statement. *Have a vision for your financial future. This clarifies every decision you make in your financial life. David is a big advocate of "The Latte Factor" and doing small things to save money every day. This helps people overcome the biggest obstacle to better financial behaviors: getting started. Whether you're an entrepreneur or an intrapreneur, the thing you can do that will have the most effect on your financial path is to increase your income. For entrepreneurs, this means increasing your rates. If your services are indispensable to current customers, they will gladly pay a higher rate. If you're working within a company, getting a raise on a regular basis is the way to go. Be valuable to your employer and they will gladly reward you. The digital economy and the passing recession have given us a unique opportunity to reinvent ourselves. While many people are having to do this at an older age, David has a few key actions people can take to get on this road, even if it's later in life: *Spend Less. *Setup an automatic saving plan. Pay yourself first and allow compounding to do its magic. *Meditate regularly. *Journal immediately after you meditate. *Focus on what is making you unhappy, AND what you can do to help make you happier. Links and Resources Mentioned in the Show:            *To access more of David's insights on how to be successful at managing your finances, head to Smart Couples Live- Enter coupon code "tour"           *You can learn more about David and his works on FinishRich.com           *Follow David on Twitter at @AuthorDavidBach   If you're looking for a financial planner, David and his team at Edelman Financial Planning can help you reach your goals ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn