Catching the Coin

A light and fluffy take on some money issues.

Is body oil a valid tax exemption?

Disturbingly enough, the answer is yes…

You know the drill… Christmas is past and there's only a few days before the New Year and you don't have any goals or resolutions written down.

While our tendency is to hastily write vows that will be abandoned within two weeks, perhaps there's a better way?

In This Episode We Look At:

• When it comes to pursuing change or improvements, less is best
• The power of focusing on ONE thing.
• What an anchor habit is, and how it helps create other, supportive habits.

Today's Resources and Links:

• "The Power of Habits"
• YNAB (You Need A Budget)
• "The One Thing"

One Thing You Can Do Today to Improve Your Financial World:

• Choose just ONE area in your financial world to improve or change for the better and stick with it. It will become habit and other supportive habits will develop around it.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

A light and fluffy take on some money issues.

Today we look at the crazy amounts of money people spend insuring their body parts.

John Michalski was 28 and earning $12 an hour when he set out to buy his first house in 2009. Today he is 34 and plans to retire in 2016.

We will hear from John how he planned, saved, and hustled to get to where he is now, as well as his plans moving forward.

We were challenged and inspired by John's story and believe you will be too.

In This Episode We Look At:

• How John saved up $5,000 for his first house, and $20,000 for his second
• Hard lifestyle adjustments that John made in order to reach his goals
• The sources John sought for instruction, guidance, and mentorship
• Applying John's strategies to your situation

Today's Resources and Links:

• Biggerpockets.com
• "The Millionaire Next Door"
• "The Four Hour Work Week"
• John's Website- Weddingphotobliss.com
• John's Facebook

One Thing You Can Do Today to Improve Your Financial World:

• Clearly define your financial goal and then decide what real world adjustments you are willing to make in order to achieve that goal. Educate yourself by seeking the wisdom and counsel of others who have achieved success in the area you are pursuing.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

You can reach us on Facebook, Twitter, or email us.

A light and fluffy take on some money issues.Today we tackle the true cost of The 12 Days of Christmas as well as expose the secret behind the numbers in the song.

Christmas is meant to be a time of celebration, joy, and gratitude. However, we easily allow pressures (Black Friday, feeling obligated to buy pricey gifts, the stress of travel) to rob us of this joy.

In This Episode We Look At:

• The benefits of focusing on experiences
• Choosing a total dollar amount for gifts
• Creative ways to be thoughtful this season

Today's Resources and Links:

• Average American spending on Christmas
• Apps/Tools to help with Christmas budgeting
• A Christmas Carol Movie or Book.

One Thing You Can Do Today to Improve Your Financial World:

Do yourself a favor and avoid debt. Discuss and establish what is a reasonable amount of money to spend on Christmas gifts. If it's causing you stress, then lower the budget!

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

You can reach us on Facebook, Twitter, or email us.

A light and fluffy take on some money issues.

Due to the fact that they aren't normally included in the process, many kids see their parents providing for their needs and wants but have little concept of the value of money.

This next generation needs our help to learn the rewards of work, the benefits of saving, and the need to avoid debt.

In This Episode We Look At:

• Your power of influence on your children's view of money
• Creative ways to teach young ones to wait and save up for purchases
• Helping teens understand and prepare for the costs of living in the grown up world

Today's Resources and Links:

• The app Troy's wife used with their kids- iAllowance and the free trial version- iAllowance

One Thing You Can Do Today to Improve Your Financial World:

• Use dinner together or the drive to school to have fun and educational talks about money with your kids.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

You can reach us on Facebook, Twitter, or email us.

In Episode 4 about how to preserve your source of income by increasing your knowledge, skills, and having a strong work ethic.

Nevertheless, one accident or health issue can cause you to lose all sense of financial security.

Your parents and grandparents were truly on to something when they quoted Ben Franklin: "An ounce of prevention is worth a pound of cure."

In This Episode We Look At:

• Can your family survive a missing paycheck? How about several paychecks?
• Unplanned life events that can cause us to lose it all.
• Whether to self-insure or leverage the risk onto someone else.

Today's Resources and Links:

• www.SelectQuote.com- website for life insurance quotes

One Thing You Can Do Today to Improve Your Financial World:

• Grab some low-cost term insurance while you are young and in good health. This serves to replace the income your family is dependent upon in the event you leave this world.
• Bonus Tip: Avoid the Big Box retailers- go online (link above) and get insurance companies competing for your business; or get several quotes from your trusted financial advisor.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

You can reach us on Facebook, Twitter, or email us.

Tim Rosen is the author of two books, Against The Grain- Avoiding the Financial Pitfalls of Conventional Wisdom, and Faith and Finances- Eternal Promises for Today's Resources.

He is also an International Speaker whose main focus is to coach individuals in prudent investing - helping them avoid gambling, speculation, and destructive investor behavior.

Today we get to hear about Tim's personal journey; from retail management to coaching investors and overseeing $23 Million in assets.

Today's Resources and Links:

• Against The Grain- Avoiding the Financial Pitfalls of Conventional Wisdom [Affiliate Link]
• Faith and Finances- Eternal Promises for Today's Resources [Affiliate Link]

One Thing You Can Do Today to Improve Your Financial World:

Reach out to us with YOUR story if you'd like to be featured as a guest on Catching the Coin!

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

You can reach us on Facebook, Twitter, or email us.