I recently received a bunch of great feedback and questions after posting my personal spending results for the last 2 months. In this episode, I review the spending results and answer some of the commonly asked questions I have received since doing that. What you'll learn  Why I decided to go ‘public’ with my personal budget Considerations that help us live affordably My thoughts on clipping coupons to get rich Pros and Cons of credit cards To pay down mortgage or not  Thanks for Listening! Thanks so much for taking the time to listen this week. I hope this information will help you be a happy, healthy and wealthy dad! If you enjoyed the show, please share it using the social media buttons at the bottom of the page. Also, please leave an honest review for the podcast on Itunes. Ratings and reviews are important to show visibility and will help these episodes reach more dads.        Connect with us www.FatherhoodFitnessFinance.com Instagram   Subscribe to Fatherhood | Fitness | Finance Subscribe    

Episode 016: Personal Finance Q&A

The Family Life Elevated Podcast discusses key topics with respect to having a family and trying our best to raise an amazing family. There is no college classes or training to start a family so we are all learning on the job. On this podcast, we talk about what is working for us as we manage life’s obstacles while still managing to become a happy, healthy and wealthy family.

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Video Link - https://youtu.be/5dbhRkWo3qI In this episode, we talk about our system for guilt free spending and notes on how you can implement it as well. There are many steps to setting up and designing you financial future – naturally this gets a tad more complicated when you get marriage because you will likely decide to share accounts, etc. One step we took early on was making sure we still each had the personal freedom of being able to splurge and spend money on ourselves without feeling guilty or worrying about what our spouse thinks. Initially, we read one of Dave Ramsey’s books and that helped get us started but we wanted to add “Fun Money” accounts into our system where both of us would have our own “bucket” of money to spend on whatever we wanted. The road to being debt free can be a long one but make sure to give yourself a little grace and be willing to spend money on yourself along the way. FamilyLifeElevated.com

Guilt Free Spending | Marriage and Money

In this episode, we discuss 4 ways to help your kids develop an attitude of gratitude so they can be grateful in the good times and the bad. With this crazy year we have been having here on planet earth, kids' anxiety has been up and the mental health of our kids is a serious concern. Being thankful every day can’t fix what’s going on with lockdown and all other challenges but it can help our kids learn how to not only see the negative in the problems that arise in our life.   Here is a link to some of the kid gratitude journal that our kids have tried: https://amzn.to/2ZRFLda (full disclosure! - we helped create these journals because we believe in the power of daily gratitude)   Episode on Youtube: https://youtu.be/gP-ozcUGPmM

How to Teach Gratitude to Kids

Video of Episode: https://youtu.be/iM7Hm_yMyM4 I review my experience using the Light Phone 2 compared to a flip phone. The flip phone in question is an LG Exalt LTE that is on Verizon Wireless. These are commonly called dumb phones but the LG exalt is actually a decent smartphone hiding in the shell of a flip phone. At&t; has it’s only flip phones that are slightly different but the features look to stack up the same as the LG. The Light Phone is clearly a basic phone by design and that’s the point. Here are my thoughts and review on both the light phone and the flip phone. Blackberry also appears to have made its own version of the light phone called Punkt MP02. Some people prefer to just take a current smartphone and “dumb it” down – this is a decent solution for most. Personally, I still feel like that requires discipline and have noticed that those “dumbed down” smartphones end up with the same apps back on them over time. Use phones – don’t let them use you.  

Light Phone vs Flip Phone: Digital Minimalism

Also on Youtube: https://www.youtube.com/watch?v=9rqy8YBtKuc   In this video we discuss note and wrap up our weight loss journey. We discuss how (and why) we changed our family diet to help Seth lose weight. We settled on a mix of a Keto/Paleo diet that is low carb and definitely low sugar. Seth lost approximately 58 pounds (and 4 inches of waist) as he trimmed down from 213 lbs to 155 lbs. Seth has started transitioning to the vertical diet so he can incorporate certain carbs to help support his daily work out regimen.   A few of our favorite resources that we enjoyed studying to help us select and make sense of the different diets out there. Tom Bilyeu and his “Impact Theory” Podcast. Peter Attia and his “The Drive” Podcast. Dom D'agostino who is a leading researcher on the effects of a ketogenic (keto) diet. Stan Efferding and the Vertical Diet that he uses to train world class athletes (and also regular people like us!)

How I lost 58 lbs! A mix of Keto, Paleo and the Vertical diet.

Now on Youtube as well! https://youtu.be/HdiQXVDGC_0 In this episode – we kick it off with possibly the most important parenting topic today . . . social media and screen time for kids. There is a lot to say about screentime but we decided to start by describing why and how social media is designed to keep you addicted so they can then sell your attention to advertisers. Years ago, we struggled with being checking the phone too much and not checking in on our family enough. It is a strong word but I think the word addiction is appropriate and many us have to work hard to fight social media addiction. More broadly, digital addiction might be a better description since we weren't just checking social media constantly but also email, text, etc. We had to start our own journey with a digital detox and now feel like we get to enjoy life so much more! Our mission at Family Life Elevated is to help you elevate your family to the next level.

Episode 016: Personal Finance Q&A

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