What does it truly take to pay down debt forever? You write out your expenses. You reconcile the bank account. You commit to no more going over the restaurant budget. This year is going to be different. You’ve got the motivation— you’re so over this debt hanging over your head and the interest ticking upward …
How Profit First Transformed My Business
Let me tell you how Profit First transformed my business for the better. When I became a financial coach, I wasn’t in it for the money (it’s still not about the money but at the time I honestly didn’t expect to have a “real” business). I just wanted to help people budget well and get …
If You Want to Get in Top Financial Shape, Stop Making These Mistakes
Conventional wisdom tells us that in order to achieve big goals, we need to work hard, dream big, and execute a plan with extraordinary discipline and willpower. I’m here to say that’s a surefire path to failure. Don’t get me wrong, I’m all about achieving audacious goals! But approaching them in a way that works …
Here’s Why Your Budget Doesn’t Work – And How to Fix It
My five year-old twins love to pretend to drive. They will sit in the driver’s seat while parked in the garage, heads barely peeking over the windshield, and move the steering wheel back and forth, gleefully imagining they’re going places. If they tried to actually drive, they could make the car move, but it definitely …
How to Find the Opportunity in a Difficult Circumstance
Confession: I hate silver linings. They usually sound like this: At least you learned something from that failure. At least that person who died isn’t suffering anymore. At least now you know scuba diving isn’t your thing (ask me how I know). Silver linings are like a really lame consolation prize for the losers. No …
Should You Withdraw from Your Retirement with the COVID-19 Provision?
Brainstorming and evaluating options is something we do a lot of in the coaching process. Now there is a new option on the table to consider: whether or not to withdraw from your 401k. The $2 trillion stimulus bill includes a provision that allows you to withdraw a portion of your retirement money penalty-free. You …