The value of social media marketing for small businesses with Laura Stengrim - Social Butterfly. Money Not Math 101

Find something you are passionate about to spend your time on without sacrificing your core values (in Laura’s case, time with her family). Be conscious of your overhead costs and the difference between gross profit vs. net profit.

Be willing to put some skin in the game to provide a proof of concept to your clients.

You can connect with Laura on Facebook @SocialButterflyTRF.

#consistency #marketing #habits #clientretention #relationships #moneynotmath #success #socialmedia #overhead

Youtube video: https://youtu.be/j2M6UXGQE7s

Thank you! Money Not Math 100

“If you are not willing to learn, no one can help you. If you are determined to learn, no one can stop you.” -Zig Zigler

"It is almost impossible to be negative while being truly grateful"- unknown

Thank you to all my guests, Jared Mayhttps://fb.watch/8OyDcUuouE/, Scott Frickehttps://fb.watch/8OyEFy08O7/, Kelsey Sletten Brateng and Kristine Oslundhttps://fb.watch/8OyH8v5Keg/, Ross Weltehttps://fb.watch/8OyIU4t3HX/, Taitum Sorvighttps://fb.watch/8OyKmRM5q2/, Mack Carriganhttps://anchor.fm/drew-erickson7/episodes/Mack-Carrigan--Staff-Sergeant--on-his-experiences-and-recommendations-for-living-a-successful-life-in-and-out-of-the-military--Money-Not-Math-36-e9viq5, for sharing your time with me to provide value to myself and those who enjoyed our conversation.

Thank you to all my viewers with “Will the Coronavirus affect your retirement plans? Money Not Math 56” https://fb.watch/8OwMmQgw_8/ (posted 3/3/20) being my most viewed Facebook video and “Congress Set To Pass SECURE Act At Last Minute, Impacting Retirement Planning And Increasing Taxes” https://youtu.be/0Bv-QVAc97c the most viewed YouTube video.

Thank you to all my listeners with “The CARES Act allows workers to borrow up to $100,000 from their 401(k) and what you need to know about 401(k) loans before you take one. Money Not Math 64” https://anchor.fm/drew-erickson7/episodes/The-CARES-Act-allows-workers-to-borrow-up-to-100-000-from-their-401k-and-what-you-need-to-know-about-401k-loans-before-you-take-one--Money-Not-Math-64-ecfii4 being the most listened to podcast.

Thank you to those who have participated in the last 100 Money Not Math conversations and to those who will participate in the next 100+ conversations. Please comment on this post with requested future MNM topics and if you are interested in being a Money Not Math guest in the future.

#thankyou #gratitude #grateful #moneynotmath #learn

Youtube: https://youtu.be/k9RjAxtIxzw

Have you considered the power of compounding and how you will use it to achieve your financial goals?

Are you sacrificing what you want long term for what is convenient today?

YouTube video: https://youtu.be/EjD3BCApN6Y

#Money #MoneyNotMath #Compounding #Planning #FinancialPlanning #Goals

Would you rather have $1,000,000 or 1 penny that doubles daily? Money Not Math 99

Have you considered the power of compounding and how you will use it to achieve your financial goals?

Are you sacrificing what you want long term for what is convenient today?

https://fb.watch/8CZ71BO8ws/

#Money #MoneyNotMath #Compounding #Planning #FinancialPlanning #Goals

Gratitude! Money Not Math #98

Good luck Prowlers on your homecoming and more importantly the Gullingsrud family. You can donate @TRFTDC on Venmo.

What are you feeling grateful for today?

What will you do with the opportunities available to you?

Does anyone else want to commit to sober October with me?

What topics would you like to see covered in future Money Not Math conversations?

Podcast referenced, https://open.spotify.com/episode/7nSIrEUmtlSSYiuDQ717GD...

#Family #Faith #Financials #Fitness #Friends #Fun #gratitude #soberoctober #moneynotmath #opportunity

YouTube video https://youtu.be/X2MEpnG_2Sg

Core Values= Integrity, Learning, Generosity, Relationships, Legacy, and Gratitude.

5 Stones to building a healthy and successful life= Family, Faith, Financials, Fitness, and Fun.

It isn't all about the money. Money is just a tool to help us build the life we want for ourselves.

#moneynotmath #corevalues #healthy #success #life #money #planning #integrity #learning #generosity #relationsips #legacy #gratitude #family #faith #financials #fitness #fun

YouTube: https://youtu.be/amZGeM8RbJY

Confused about retirement savings plans? Here are potential options for you. Money Not Math 95

https://youtu.be/rFrdDHg6Mgg

“More than half of U.S. workers between the ages of 40 and 73 have less than $50,000 set aside for their golden years, a survey from the Insured Retirement Institute found. Nearly 6 in 10 save less than 10% of their income.”- https://www.cnbc.com/2021/09/06/how-to-choose-the-right-retirement-savings-plan.html

That’s only about $1,500/year of retirement income.

David Blanchett's 6 Predictions for Retirement Planning in 2021. Money Not Math 94

1) The search for yield will continue.

a. Is your retirement plan prepared for if taxes go up and the stock market goes down? How is your retirement plan going to keep up with inflation?

2) The robos will keep rising.

a. Would you rather be a spreadsheet to an online app or build a personalized plan with a personal advisor?

3) People will likely have to work longer, even if they don’t want to.

a. Is your retirement income plan as clear as your wealth accumulation plan?

b. Are you confident your current plan will make sure you don’t run out of money before you run out of breath?

4) An increased focus on liabilities.

a. Have you considered the difference between compounding and amortizing interest?

b. Will your budget work in retirement?

5) The search for an “easy button” will continue, despite the fact that there isn’t one.

a. Are you using rules of thumb and cookie cutter plan for yourself rather than a personalized retirement income plan?

6) Annuities, especially those focused on guaranteed income, will continue to suffer.

a. Do you agree?

b. What is your plan to make sure you do not run out of income in retirement?

College Gameday, Go Gophers! Ski-U-Mah! Row the Boat to victory and retirement! (Unfortunately, this did not upload until 12/21/20 and the Gophers lost the Ace to the Stinking Badgers in overtime.)

YouTube https://youtu.be/D15gjCDFCoo

Article referenced: https://www.thinkadvisor.com/2020/12/16/david-blanchetts-6-predictions-for-retirement-planning-in-2021/

5 Ways the Pandemic is Affecting Retirement Planning and what we can learn from it. Money Not Math 93

1) Stress levels are high.

2) Less saving for retirement.

3) Emotional decision-making.

4) Forced early retirement.

5) Less spending.

What we have learned or been reminded of= save in ways where you keep access, liquidity, use and control of your money. Plus, protect yourself before it is too late or too expensive to do so.

To confirm what I mentioned in the recording; the CARES Act allows you to withdraw up to $100,000 from your retirement accounts, penalty free and with three years to pay back to taxes, until the end of 2020.

YouTube Video: https://youtu.be/1uFBU0Tdnu8

Article referenced: https://money.usnews.com/money/retirement/aging/articles/ways-the-pandemic-is-affecting-retirement-planning

Will Biden’s tax proposal negatively affect your retirement? Money Not Math 92

“this plan would reduce the tax benefit of traditional retirement accounts for those earning above $80,250 but under $400,000, violating Biden’s tax pledge to not raise taxes on earners below the $400,000 threshold.”

YouTube: https://youtu.be/4mHZZk53v0A

Article Referenced, https://taxfoundation.org/bidens-proposal-would-shift-the-distribution-of-retirement-tax-benefits/