Archives For personal finance education

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custom-home-budget

Making Money Isn’t The Problem. What You Do With The Money You Make Is The Problem.

At the end of the month when it comes to money, have you ever asked:
Where Did It All Go?
Let’s See Where It All Went.

www.budgetsimple.com
Free & paid version $4.99/mo.

1) Sign up.
2) Plug in your income/bills (expenses).
3) Use the website every time you spend money.

I use it.

Resources:
www.budgetsimple.com

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liberty

When you choose to remain ignorant about how money really works, you are actually part of the problem. You can become part of the solution.

Quote:
“The world is a dangerous place to live, not because of the people who are evil, but because of the people who don’t do anything about it.” ― Albert Einstein

Resources:
HiddenSecretsofMoney.com
How Wall Street Fleeces America – by Stephen Lendman

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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paleo-diet

Are you the sole bread winner in your family? Is your attitude “It’s my way or the highway?” Why this is hurting you, yours, and society.

1) The caveman days.
2) Modern hunting tools (debit/credit card, cash) @ grocery store.
3) Your behavior with money is shaping the future of society.

Resource:
Mean Genes: From Sex to Money to Food: Taming Our Primal Instincts

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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Family-money

1) If we’re going to borrow money, why from a bank?
2) Why not from a family member?
3) Not having the money to lend is why we don’t.
4) Knowing people’s business is why we don’t.

- Draw up a promissory note. Take collateral (if possible). If a family member is irresponsible, don’t lend. If you borrower from a family member, pay it back. Don’t assume you don’t have to and it’s OK just because it’s family.

- Decrease dependency on banks (strangers), keep wealth in the family/community, teach each other to save/build wealth. Stop giving money to corporations that don’t care about you (Wall Street).

Resource:
kiva.org (micro lending around the world)
Lending Club
Prosper

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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reaction

1) Listening to mainstream media and making decisions based on what you hear.

2) A seeming “emergency” comes up and you react by using credit cards to handle it.

3) The emotional stress the two can cause and why. Fear of the unknown. Loss of control. Anxiety.

Resource:
GoldSilver.com

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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Inflation

Standard of living and quality of life are not the same.

“It’s not that the stock market is gaining value… it’s that our money is losing value. And so if you have a debased currency… a devalued currency, the price of everything goes up. Stocks are no exception,” Peter Schiff

“The Fed knows that the U.S. economy is not recovering,” Schiff said. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.” Peter Schiff

Devalued currency is a result of inflation. Inflation is The Fed printing money at will. This is an intentional tax.

Why should you care? Your stock goes up in price and you falsely believe it’s a good thing. How many hours are you willing to work to buy a loaf of bread?

Resource:
The Money Morning

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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life-insurance-categories

Jim Rohn once asked a simple question:
If you shared your current financial pIan with me would you be so excited about it you’d want me to go around the country and share it with everyone I met?

Whose plan did you buy?
Is it working?
If not, why?

“Emergencies”
Do you borrow on credit cards to handle them?

The map is not the territory.
Your financial plan (or map) is a guide. It’s not your life.

Trying too hard can make you miserable.
Thinking I’ll never have enough – Why it’s not healthy.

Resources:
Die Broke – by Stephen Pollan and Mark Levine.

Jim Rohn – Anything

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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drum

1) Resist conformity.
2) Born into contrast that appears to be conformity.
3) Why the world needs your uniqueness.

Quote:
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, ‘Who am I to be brilliant, gorgeous, talented, fabulous?’ Actually, who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It’s not just in some of us; it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.” – Marianne Williamson

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com