✅ So many people focus on saving a few cents at the gas pump, or a few dollars at the grocery store. I'm all for saving money, but this won't fix your problems with money.

💠 The secret to not having to worry about money isn't the few dollars you save, but it's about getting financially stable and on a solid foundation. Then, you can choose to save some money or not even look at the price of gas if you don't want to

💠 When you build a house, you've got to start with the foundation and framing before you pick out your furniture or paint color

💠 Be sure to check out the ILMA courses on:

👉 - Budgeting & Debt Elimination

👉 - Investing

✅ What happens when you cut up one or all of your credit cards?

👇👇 @IdealLifeMoneyAcademy

🙏🙏 Watch The Video & Don’t Forget to Like, Comment, Subscribe, & Share 🧡

💠 Coach Mike doesn't have a credit card and suggests you should cut all of yours up.

💠 Coach Jason views are slightly different. After years of discipline he has only one credit card that he uses and pays it off every single month. 

💠 Your credit score may go down slightly. (Which may be a good thing if you are no longer wanting to go back into debt EVER!) 

💠 Identity theft is reduced because there is one less card for someone to steal. 

💠 Time freedom is increased. If you lose a card then you have to spend time dealing with that. Reduction of accounts will save time when it comes to tax time.  

💠 AND when you die, it makes things so much easier when you have few number of accounts for your loved ones to find and take care of.  CHALLENGE: just try cutting up one credit card. Experience what it's like to get rid of just the one. Witness your spending over weeks or months.  

💠 Be sure to check out the ILMA Budgeting and Debt Elimination Course to start living your Ideal Life years sooner:  

👉 https://www.sentinelcoaching.com/ilmabudget

✅ Most people want change, but don't know how to create LASTING CHANGE

There are 4 key steps to creating change in any area of your life

💠 1) Create a Clear & Compelling Vision 

💠 2) Have a big enough "WHY" 

💠 3) Create your M.A.P. (Massive Action Plan) 

💠 4) Execute or Implement this plan  

If you don't do all 4, it will be extremely difficult to create any change in your life

💠 Be sure to check out the ILMA Investing Course to start investing years sooner:

👉 https://www.sentinelcoaching.com/investing

✅ Is it better to put money into investments in a lump sum, or over time? What about when you take money out in retirement?

👇👇 @IdealLifeMoneyAcademy

🙏🙏 Watch The Video & Don’t Forget to Like, Comment, Subscribe, & Share 🧡

💠 DCA = Dollar Cost Averaging

💠 It is a great way to invest as you get paid regularly (monthly or every two weeks). Take a percentage of your pay put that towards your investments with every paycheck! 

💠 Coach Mike loves throwing the lump sum at the beginning of the year because that money has more time in the market. And he only has to make the choice one time at the beginning of the year. There is less chance to skip a month for that new thing he wants to purchase.

💠These pros and cons are also true when it comes to the de-accumulation of retirement investing.  

💠 Be sure to check out the ILMA Investing Course to start investing years sooner: 👉 https://www.sentinelcoaching.com/investing

💠 Don't forget to subscribe to ILMA for weekly content to get you to start living your Ideal Life!!

✅ Are you afraid to make more money because of taxes?

👇👇 @IdealLifeMoneyAcademy

🙏🙏 Watch The Video & Don’t Forget to Like, Comment, Subscribe, & Share 🧡

💠 Filing as a single person you will pay 10% on the first $12,400 you earn.

💠 You pay 12% on the money after $12,400, up to $50,400. 

Example: total income $12,500 you pay 10% on the $12,400 ($1,240) and you pay 12% on the additional $100 ($12) earned. Total tax to pay $1,252

💠 Be sure to check out the ILMA Investing Course to start investing years sooner: 👉 https://www.sentinelcoaching.com/investing

What to do if your life feels too full.... 

Decide what you want your life to look like.
Is this 80 hours a week with the big pay check OR 40 hours a week with less money OR 20 hours a week with even less money?  

This comes down to knowing our 5 Steps to Financial Freedom! 
1) Starter emergency fund 
2) Pay off all your debt (except mortgage) 
3) Fully funded emergency fund 
4) 10-20% savings into retirement 
5) Pay off your house early

Choose OFFER: Investing for beginners, start investing with our ILMA Investing Course: https://www.sentinelcoaching.com/investing

Be sure to check out the ILMA Academy to start living your Ideal Life years sooner: https://www.sentinelcoaching.com/ilma

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget

Can you invest into retirement while being self employed??? 
YES! 

In the US, you need to opt in to the retirement options. Example, IRA or 401(k) options. 

In Australia, the retirement plan is Superannuation. You can opt to not put money into Superannuation while being self employed.  

The three things you MUST invest in throughout your life:
#1 - Yourself 
#2 - Your business 
#3 - Other peoples business  

Get started HERE: Investing for beginners, start investing with our ILMA Investing Course: https://www.sentinelcoaching.com/investing

We don't like being told what to do. Even if it's correct. Especially when it comes to money.  

We want to guide you. We want to share what has worked for us and we know it will work for you as well.  

Being open to trying something new will change your life. This is true with it comes health, wealth, food, life, anywhere it will be beneficial.  

Comment below: what have you tried that was new at the time? Did it work out or not? 

Choose OFFER: Investing for beginners, start investing with our ILMA Investing Course: https://www.sentinelcoaching.com/investing

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget

It is possible! Money can still come in while self employed.

Similar to being an employee and having paid time off (PTO), you can set up your life/business up to have income come in while you take time off.  

Coach Mike has set up $2,500/month to automatically move money from the business to personal banking account. This income can come from online business (such as ILMA), being a contractor (engineering, IT work, live events worker, etc), investments paying dividents, or buying & selling things.  

Be clear on your expenses! Know your numbers. This is necessary for how much money you need to bring in and how many different income sources you need to live your Ideal Life.

Investing for beginners, start investing with our ILMA Investing Course: https://www.sentinelcoaching.com/investing

Have you ever struggled or been scared that you can't rent a car with a debit card? AKA using a credit card only.

Ever heard, it's impossible?
Well, it's just not true. You CAN rent a car with a debit card. May need to show a return flight if renting from an airport.

Lesson learned: plan ahead and you will be okay with transportation. There are always options for you to get around in a new place!