Monday Money Tip

About the Episode: 

• In this episode, we’re going to dive into how bad credit can impact different areas of your life, including insurance premium prices, getting a new job, renting an apartment, or even what military clearance you can receive. 
• In our Current Money Events segment, we’re updating you on interest rates and discussing if you should refinance your house.
• Our success story comes from Matt, who has been able to pay-off over $62,000 in credit card debt, car debt, and student loan debt. 

Resources:
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
0% Balance Transfer Credit Cards
ARTICLE - Rocket Companies Announces Third Quarter Results
ARTICLE - Housing Starts September 2020
TOOL - Early Pay-Off Calculator 
TOOL - Mortgage Calculator
AnnualCreditReport.com
ARTICLE - Difference Between Credit Based Insurance Scores and Credit Scores
ARTICLE - Difference Between FICO and VantageScore
ARTICLE - How Much Does Credit Score Affect Auto Insurance Rates
ARTICLE - Why Do Car Insurance Companies Base Their Rates on Credit Scores
ARTICLE - Why Bad Credit Is Bad for Financial Careers
ARTICLE - The Side Effects of Bad Credit
ARTICLE - Military Security Clearance
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 18: How to Pay Off Debt Quickly
Episode 19: Is All Debt Bad?
Episode 28: 8 Ways to Speed Up Debt Elimination 
Episode 84: Is All Debt Equal?
Episode 109: Making Your Student Loans Disappear
Episode 113: How to (Re)Build Your Credit
Episode 121: How the Debt Snowball Works

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

About the Episode: 

• In this episode, we’re going to have a conversation about changing your mindset and eliminating the “I can’t” and “we can’t” from your vocabulary.
• In our Current Money Events segment, we’re sharing things we’re thankful for as we enter Thanksgiving week.
• Our success story comes from Shawn and Jenn, who had major medical expenses set them back on their debt freedom journey but were blessed with two beautiful daughters along the way and were able to start 2020 off debt-free!!  

Resources:
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
IWBNIN Ladder
Debt Tools

Related Monday Money Tip Podcast Episodes:
Episode 88: “No” Allows You to Say, “ Yes”
Episode 117: Celebrate Along the Way

 “Your words control your life, your progress, your results, even your mental and physical health. You cannot talk like a failure and expect to be successful.” - Germany Kent 

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

About the Episode: 

• In this episode, we’re discussing the benefits and power of automation.
• In our Current Money Events segment, we’re sharing ten things you could do to help your finances in the last 46 days of the year.
• Our success story comes from Ann, who shares how she had a conversation about money with her son that changed how he managed his finances.  

Resources:
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
IWBNIN Ladder
Financial Tools
0% Balance Transfer Credit Cards
TOOL: Annual Budget
BLOG: 529 Plans
Online Banks
Investment Value Calculator 

Related Monday Money Tip Podcast Episodes:
Episode 70: The Power of Planning
Episode 114: Understanding Opportunity Cost
Episode 118: We Paid Off Our House in 9 Years - Success Story 

10 Things You Could Do Now

1. Refinance your home to take advantage of historically low rates
2. Roll a high-interest credit card balance to a 0% Balance Transfer Credit Card
3. Prepare a budget for December and follow it!
4. Prepare a Christmas budget to ensure you don’t incur any debt.
5. Call your cable/internet company and ask for a discount.
6. Sell some stuff and pay off a debt.
7. Prepare a monthly budget for all of 2021 - just to get a vision of “what could be” if you follow through on your financial decisions.
8. Adjust contributions to your retirement account (401k, 403b, 457, TSP, IRA, Roth IRA, etc.)
9. Plan a quick trip with your family
10. Adjust contributions to your kid’s (grandkid’s) 529 college savings plans

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

About the Episode: 

• In this episode, we’re going to provide some pointers on selecting the right college for your child or grandchild. Choosing the right next step is a financial decision, and we want to help. 
• In our Current Money Events segment, we’re talking about the dash to the end of the year.
• Our success story comes from a listener who just paid off $263,000 of debt! 

Resources:
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
College Selection Spreadsheet
IWBNIN Ladder
BOOK: What Everyone Should Know Before They Enter the Real World
Debt Freedom Date Calculator
Stats Provider - College Tuition
NEW College Calculator
529 Plans 

Related Monday Money Tip Podcast Episodes:
Episode 11: Should I Pay For My Child's College?
Episode 44: How To Pay For College 
Episode 57: Saving For College

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

About the Episode: 

• In this episode, Joe and Megan interview Jeff and Sabrina, who have an incredible story of redemption, grace and triumph! 
• Discover practical ways you can start winning with your money. 
• Hear a success story from a couple who has made the transition from a life of financial uncertainty to living their fully funded life. 
• This episode has something for everyone! If you’re married or in ministry or have a side-business or have kids, this episode will provide practical steps you can take to start winning with your finances. 

Resources:
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
EBOOK: Selling a Car with Negative Equity
EBOOK: Successfully Managing Money with a Non-Participating Spouse 
IWBNIN Ladder
Budget Tools 

Related Monday Money Tip Podcast Episodes:
Episode 16: How to Get My Spouse On Board
Episode 17: How to Handle Marriage & Money
Episode 33: How to Never Have a Car Payment
Episode 88: “No” Allows You to Say, “ Yes”
Episode 89: Should I Have a Credit Card?
Episode 99: Fair Money Fights
Episode 101: Choosing a Stock Investment
Episode 102: How to Prevent Your Employer From Controlling Your Life

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

About the Episode: 

• In this episode, we’re explaining how the debt snowball works for paying off debt. Should you focus on the highest interest rate or smallest debt? We’re breaking down how it all works. 
• In our Current Money Events segment, we’re talking about finding and funding your dreams.
• Our success story comes from Todd, who shared that after 3 months of attending our Financial Learning Experience, he’s paid off his car loan and has one month's expenses saved up! 

Resources:
OXEN: The Key to an Abundant Harvest Online Study
Next Steps Section
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
IWBNIN Ladder
Annual Credit Report
TOOL: Debt Freedom Date Calculator

Related Monday Money Tip Podcast Episodes:
Episode 19: Is All Debt Bad?
Episode 28: 8 Ways to Speed Up Debt Elimination 
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 84: Is All Debt Equal?
Episode 109: Making Your Student Loans Disappear
Episode 117: Celebrate Along the Way

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

About the Episode: 

• In this episode, we’re talking about how you can save for these known, upcoming, but non-monthly expenses or KUEs (as we call them).
• In our Current Money Events segment, we’re sharing how the Presidential Election will impact your finances.
• Our success story comes from Julie, who has a renewed perspective on budgeting and is working towards her fully funded life.

Resources:
OXEN: The Key to an Abundant Harvest Online Study
TOOL: Budgeting Templates
TOOL: Known, Upcoming, Non-Monthly Expense Calculator 
Online Banking
Account Balance Tracking Spreadsheet
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 03: Making Savings a Priority
Episode 04: The Non-Financial Benefits of Saving Money
Episode 83: Money Saving Tips

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

About the Episode: 

• In this episode, we’re talking about when is the right time to buy a house and what rung of the I Was Broke. Now I’m Not. Ladder you need to be on first.
• In our Current Money Events segment, we’re giving an update on interest rates and how it affects you.
• Our success story comes from Aaron, who is experiencing the benefits of paying off debt using the Debt Snowball Technique. 

Resources:
OXEN: The Key to an Abundant Harvest Online Study
Next Steps: Banking
TOOL: Early Pay-Off Calculator
Debt Tools 
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 04: The Non-Financial Benefits of Saving Money
Episode 18: How to Pay Off Debt Quickly
Episode 59: Budgeting Tips
Episode 66: Pay off Your House - Early!
Episode 109: Making Your Student Loans Disappear
Episode 116: 2 Ways to Produce Income
Episode 118: We Paid Off Our House in 9 Years - Success Story

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

About the Episode: 

• In this episode, Joe interviews Sean, who recently paid off his house! Sean and Laura are completely debt-free! 
• Discover how Sean paid off his house in only nine years and at the age of 33!
• Learn how you can become completely debt-free, including your house.  

Resources:
Debt Tools
Early Payoff Calculator
Mortgage Payment Calculator
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 18: How to Pay Off Debt Quickly
Episode 28: 8 Ways to Speed Up Debt Elimination 
Episode 36: Bite-Sized Debt
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 66: Pay off Your House - Early!
Episode 97: Non-Traditional Investments (Sean and Laura’s Success Story)

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

About the Episode: 

• In this episode, we’re talking about how to avoid getting discouraged when trying to pay off your debt. Instead, we want to help you finish the goal and celebrate your debt freedom!
• In our Current Money Events segment, we’re discussing the latest US Government Debt and how you can apply it to your journey of financial freedom.
• Our success story comes from Dave, who gives us an update on his financial journey and what he’s been able to do with the help of a budget. 

Resources:
*NEW* Live Online Events
20-Day Saving Challenge
Debt Tools
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 04: The Non-Financial Benefits of Saving Money
Episode 18: How to Pay Off Debt Quickly
Episode 59: Budgeting Tips
Episode 72: Grateful Money
Episode 98: Fire Your Wanter
Episode 107: Budgeting With Unpredictable Income
Episode 113: How to (Re)Build Your Credit

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