Monday Money Tip

About the Episode:

• In this episode, join Joe as he dives deep into the art of retirement planning.

Resources: FULLY FUNDED LIFEFREE Financial Tools

Related Podcast Episodes:Episode 138: What Is A Mutual FundEpisode 223: When Should You Start Investing For RetirementEpisode 224: Investing In A LegacyEpisode 225: Topics Couples Should Discuss: Retirement Episode 229: Start Late, Finish WELLTHY Episode 263: When You Invest, You Can Expect A HarvestEpisode 279: Diversify Your InvestmentsEpisode 285: The Power Of Compound Interest Email [email protected] to ask questions or share success stories.

About the Episode: 

• In this episode, we’re joined by guest Sarah Piercy (listen to episode 76), who explains why she did a spending fast (twice!), how it changed her and her family, and what lessons she learned through it.
• We’ll explain what a spending fast is and if now is the right time to embark on one. 
• Hear practical steps and encouragement from Sarah if you’re looking to do a spending fast.  

Resources:
BOOK: I Was Broke. Now I’m Not.
United & Untied
COVID-19 Resources
TOOLS: Budgeting
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 29: All About Budgeting
Episode 76: Spending Fast
Episode 83: Money Saving Tips
Episode 91: COVID-19 & 10 Financial Steps You Can Take Now
Episode 92: Help! I Can’t Pay My Bills
Episode 93: How to Maximize Your CARES Act Cash
Episode 95: Winning With Money During a Recession

Sarah Piercy’s Bio
Sarah spent almost a decade in ministry as the Executive Assistant to the Lead Pastor of a growing church in Ontario, Canada, before welcoming her first son. She digs into her faith, her relationships, and herself to grow, and she’s known for challenging herself with life-experiments to make personal progress. Sarah continues to work part-time as an Executive Assistant, and on any given day, you’ll find her wearing many hats. Wife, mother, professional, personal chef, housekeeper, and - when she carves out that golden margin - she loves to write about her exploration of what makes life rich, meaningful, and worth living. She lives with her husband and two boys (with another sweet baby on the way) just north of Toronto.

Follow Sarah at
Website: United & Untied
Instagram: @sarahvpiercy
Twitter: @sarahvpiercy
Facebook: /sarahvpiercy

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re talking about what to do when there just isn’t enough money. What do you do? How do you decide who gets paid first?  
• We’re also sharing a gift you could give high school and college students to teach them about money before they enter the real world. 

Resources:
Grad Special
IWBNIN FB Live: COVID-19
COVID-19 Resources
TOOLS: Budgeting
EBOOK: Help! I Can’t Pay My Bills
IWBNIN Ladder
0% Balance Transfer Credit Cards

Verse: “For we do not have a high priest who is unable to empathize with our weaknesses, but we have one who has been tempted in every way, just as we are—yet he did not sin. 16 Let us then approach God’s throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need.” - Hebrews 4:15-16

QUESTIONS TO ASK:

1. What was the cause of this situation?
2. Is this an INCOME or an OUTGO issue - or both?
3. What are the required debt payments?
4. Is there something that can be sold?
5. What expenses can be stopped?
6. How can INCOME be increased?

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 45: Graduation - Now What? 
Episode 63: 0% Balance Transfer Credit Cards
Episode 83: Money Saving Tips
Episode 85: Dealing With Financial Anxiety
Episode 91: 10 Financial Steps You Can Take Right Now

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re answering: “We need your help. We are pretty good at budgeting, but it seems like right when we have started to make progress, an unexpected expense blows up our budget - things like a car repair or an insurance bill that is due every six months. Can you help us figure out how to prevent these issues from messing with our financial progress?”  
• In our Current Money Events segment, we’re sharing tips that Joe has learned from budgeting for 200 consecutive months. 
• Our success story comes from Cody, who was able to eliminate a car payment. 

Resources:
I Was Broke. Now I’m Not. Participant Kit + FREE Access to Online Study
I Was Broke. Now I’m Not. Group Study DVD
I Was Broke. Now I’m Not. Tools
TOOLS: Budgeting 
TOOLS: Known, Upcoming, Non-Monthly Expense Calculator 
Next Steps: Banking  
IWBNIN Ladder
20/20 MONEY: Gaining Clarity For Your Financial Future 

Verse: “The plans of the diligent lead to profit, as surely as haste leads to poverty.” - Proverbs 21:5

Related Monday Money Tip Podcast Episodes:
Episode 32: How to Have a Debt-Free Vacation
Episode 33: How to Never Have a Car Payment
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 83: Money Saving Tips

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re answering: “I read an article on your website about a person who went on a spending fast. I thought it was fascinating! Can you talk more about this in an upcoming podcast episode?” 
• In our Current Money Events segment, we’re talking about Christmas spending since we’re only 9 days away from Christmas.
• Hear a success story from Nathan, who just wrapped up another small group study at Countryside Church. 

Resources:
20/20 Money: Gaining Clarity For Your Financial Future 
Next Steps - 0% Balance Transfer Credit Cards
MMT Podcast - Episode 63: 0% Balance Transfer Credit Cards
Joe’s Blog - Sarah’s Spending Fast
Sarah’s Spending Fast 2.0
Latte Factor - David Bach

Quote of the Day: “No one has ever become poor by giving.” - Anne Franke

Email [email protected] to ask questions or share success stories.