Monday Money Tip

About the Episode: 

- In this episode, we’re talking all about life insurance, what type you should have, and how much you should get.
- In our Current Events segment, we’re spring cleaning your finances.
- Our success story comes from Linda, who is completely DEBT-FREE!       

Resources:
FULLY FUNDED LIFE
SSA.gov
Next Step: Life Insurance
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 14: Whole vs. Term Life Insurance
Episode 15: What Type of Insurance Should I Have?
Episode 53: Choosing the Right Insurance
Episode 54: The Right Retirement Account
Episode 128: Debt-Free While Working a Job We Love
Episode 136: How to Maximize Your 2021 Tax Refund

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

About the Episode: 

• In this episode, we’re sharing ten money versus that will change the way you view money. These verses changed Joe’s financial future, and we believe they can change yours too. 
• In our Current Events segment, we’re sharing some thoughts about taxes because it’s Tax Week. Are you ready?
• Our success story comes from Vanessa, who has a new outlook on her finances and, in turn, has been able to make progress on her climb up the I Was Broke. Now I’m Not. Ladder.       

Resources:
FULLY FUNDED LIFE
See Our Team Live
Online Banks
IWBNIN Ladder
Tool: Budgets
Joe’s Current Investments 2021

Related Monday Money Tip Podcast Episodes:
Episode 120: Saving for KUEs
Episode 134: 4 Steps to Budgeting
Episode 135: The Heart and Money Connection
Episode 136: How to Maximize Your 2021 Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget

Money Verses 

• Proverbs 21:5
• Ecclesiastes 7:12
• Ecclesiastes 11:2
• Proverbs 13:22
• Proverbs 4:7
• 2 Corinthians 9:6-15
• 1 Timothy 6:6-10
• 1 Timothy 6:17-19
• Malachi 3:10-12
• Psalm 37:4
• Romans 12:1-2

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

About the Episode: 

• In this episode, we’re sharing tips on how to teach your kids about budgeting, plus what age should you start.
• In our Current Events segment, we’re discussing the three stimulus checks that have been distributed. 
• Our success story comes from Amy, who made her final payment on her student loans!       

Resources:
FULLY FUNDED LIFE
Tool: Mini-Budget
IWBNIN Ladder
Financial Learning Experience
Joe’s Current Investments 2021

Related Monday Money Tip Podcast Episodes:
Episode 98: Fire Your Wanter
Episode 120: Saving for KUEs
Episode 134: 4 Steps to Budgeting
Episode 136: How to Maximize Your 2021 Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget

BIG Concepts to Teach

• Plan spending before you actually spend the money
• GIVE | SAVE | INVEST | PLAN THE REST
• Wait overnight before making a big purchase
• Take care of needs before wants
• Mom and Dad aren’t taking care of you the rest of your life - don’t count on us!
• Invested money will produce money you didn’t work for!
• Saved money allows you to take advantage of opportunities and overcome obstacles
• Don’t borrow money for things that don’t go up in value or produce income if you can’t immediately pay it back

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

About the Episode: 

• In this episode, we’re going to talk about five steps you can take to prevent “surprising expenses” from blindsiding you and derailing you on your way to a Fully Funded Life.
• In our Current Events segment, we’re discussing different investing apps.
• Our success story comes from Elizabeth, a member of our Fully Funded Life Community, and was able to cover a major repair without having to dip into the credit cards!       

Resources:
FULLY FUNDED LIFE
Tool: Known, Upcoming Expense Calculator
Joe’s Current Investments 2021
Investing App - Beanstox
Investing App - Robinhood
Investing App - Acorns
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 120: Saving for KUEs
Episode 134: 4 Steps to Budgeting
Episode 136: How to Maximize Your 2021 Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget

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

About the Episode:
In this episode, Joe stills down with Gary and Karen for our featured success story. 

If you’re struggling to get your spouse on the same page regarding your finances, this episode will provide practical steps to help. 

Discover how Gary and Karen paid off their debt after getting on the same page financially and how it changed everything. 

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Budget Tools

Related Monday Money Tip Podcast Episodes:
Episode 66: Pay off Your House - Early!
Episode 118: We Paid Off Our House in 9 Years - Success Story
Episode 122: Gaining Control of the Finances
Episode 134: 4 Steps to Budgeting
Episode 136: How to Maximize Your 2021 Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget

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

About the Episode: 

In this episode, we’re sharing steps you can take if you’re trying to sell a car with negative equity.

In our Current Events segment, we’re giving an interest rate update that is very eye-opening. 

Our success story comes from Jim, who has made significant progress with his finances, including getting rid of his credit card debt, raising his credit score, and lowering his mortgage. He is now able to pay the bills when they arrive instead of having to wait.      

Resources:
FULLY FUNDED LIFE
Online Banks
IWBNIN Ladder
EBOOK: Selling a Car with Negative Equity

Related Monday Money Tip Podcast Episodes:
Episode 66: Pay off Your House - Early!
Episode 109: Making Your Student Loans Disappear
Episode 113: How to (Re)Build Your Credit
Episode 118: We Paid Off Our House in 9 Years - Success Story
Episode 119: When is the Right Time to Purchase a House?
Episode 126: How Bad Credit Impacts Your Wallet
Episode 134: 4 Steps to Budgeting
Episode 136: How to Maximize Your 2021 Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget

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

About the Episode: 

• In this episode, we’re talking about a principle that can help you develop persistence and discipline when it comes to your finances.
• In our Current Money Events segment, we’re talking about different cryptocurrencies that have appeared recently like Bitcoin, Doge, and Ethereum. Should you invest in these cryptocurrencies or avoid them all together? 
• Our success story comes from Jack and Jo Ann, who are on Rung 9 of the I Was Broke. Now I’m Not. Ladder (WooHoo!!) and are now working to help others with their finances.    

Resources:
FULLY FUNDED LIFE
Budgeting Tools
IWBNIN Ladder
BOOK: Oxen: The Key to an Abundant Harvest 
BOOK: I Was Broke. Now I’m Not.
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
BOOK: What Everyone Should Know About Money Before They Enter The Real World

Related Monday Money Tip Podcast Episodes:
Episode 134: 4 Steps to Budgeting
Episode 136: How to Maximize Your Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget

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

About the Episode: 

• In this episode, we’re talking about how to get paid money whether or not you are working and we’ll share five types of “Oxen” that can help you accomplish this.
• In our Current Money Events segment, we’re talking about the importance of having vision for your children.
• Our success story comes from Bonnie, who is on schedule to pay-off all her debt, including the house, in just 62 months!! 

Resources:
FULLY FUNDED LIFE
Budgeting Tools
Debt Freedom Date Calculator 
SSA.gov 
IWBNIN Ladder
BOOK: Oxen: The Key to an Abundant Harvest 

Related Monday Money Tip Podcast Episodes:
Episode 110: Investing 101
Episode 114: Understanding Opportunity Cost
Episode 116: 2 Ways to Produce Income
Episode 134: 4 Steps to Budgeting
Episode 136: How to Maximize Your Tax Refund
Episode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget
Episode 138: What is a Mutual Fund?

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

About the Episode: 

• In this episode, we’re breaking down what a mutual fund is, sharing the benefits, and giving you some examples of funds.
• In our Current Money Events segment, we’re talking about how to maximize your tax refund this year.
• Our success story comes from Jeff, who was able to make massive progress up the IWBNIN Ladder with the help of a chunk of cash from selling his house. 

Resources:
FULLY FUNDED LIFE
TOOL - Mini Budget
IWBNIN Ladder
Capital Group - What We Offer
Capital Group - Funds 
Dodge and Cox 
BOOK: Oxen: The Key to an Abundant Harvest 

Related Monday Money Tip Podcast Episodes:
Episode 110: Investing 101
Episode 114: Understanding Opportunity Cost
Episode 115: Is Your Coffee Worth $1M?
Episode 116: 2 Ways to Produce Income
Episode 136: How to Maximize Your Tax Refund

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

About the Episode: 

• In this episode, we’re sharing five tips to help you absolutely, positively, actually follow your budget. 
• In our Current Money Events segment, we’re talking about the stock market and sharing what Joe is doing right now.
• Our success story comes from Stephanie, who has taken action to cut the fat out of her budget and focus on necessary vs. unnecessary spending. 

Resources:
Fully Funded Life
TOOL - Budgeting Tools
TOOL - Known Upcoming Expense Calculator 
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 120: Saving for KUEs
Episode 122: Gaining Control of the Finances
Episode 124: The Power of Automation
Episode 134: 4 Steps to Budgeting

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