A Bodey in Motion

Building momentum, one step at a time

If you struggle with your money, join me for FPU this Summer

I’m ramping up to coordinate my second Financial Peace University session for the year. The Spring session I had the privilege to coordinate was amazing, with 20 families completing the material and over a $100,000 turn around of their finances. It’s great to be able to be a part of a life-changing event for so many people.

Dave Ramsey's Financial Peace University

If you’ve never taken Financial Peace University, I recommend it. It’s a great first step for families who are struggling with money issues and don’t know where to start. If you’re in the Tucson area, and you’re interested in joining a class, you’re all welcome to join mine.

We’ll be starting with a short orientation meeting for anyone interested in finding out more about FPU. We’ll be going over the class schedule and format, talk about what we expect from class members, how childcare will be handled, and answer any additional questions. That will happen on May 21st at 6:00 pm, and it shouldn’t last more than forty-five minutes.

The schedule breaks down as follows:

  • May 21 – Orientation
  • June 4 – Super Saving: Why you should save money, and why you need to start now.
  • June 11 – Relating With Money: Why families must work together to achieve financial goals.
  • June 25 – Cash Flow Planning: How to develop a monthly budget that really works.
  • July 2 – Dumping Debt: What myths we believe about debt, and how to become debt free.
  • July 9  – Buyer Beware: Why marketing is so powerful, and how to reduce it’s influence.
  • July 16 – The Role of Insurance: What insurance you need to have, and what to avoid.
  • July 23 – Retirement and College Planning: How to plan for the future.
  • July 30 – Real Estate and Mortgages: How to buy or sell a home.
  • August 6 – The Great Misunderstanding: Why you should live a generous life.

All meetings, including the orientation will be held at Saguaro Canyon Church at 10111 E Old Spanish Trail.  Childcare is provided each time with a suggested donation.

If you want to find out more information or register for the class, you can check out the class page on DaveRamsey.com for all of your answers.  Hope to see you this Summer!

Have you taken FPU? What was your experience? What was the most important thing you learned? How did it change your life and your finances?

May 8, 2013 Posted by | Christ and Church, Past and Future, Work and Money | , , , , , , , , , , , , , | Comments Off on If you struggle with your money, join me for FPU this Summer

4 Reasons to Stay in Debt

Life takes Visa...and Master Card...and American Express...and don't forget the car loans...and the student loans...and the super-sized house payment...If you are one of the five regular readers of this blog, you’re well aware that I have no love of debt. To me, there’s almost no good reason to go into debt, and a lot of good reasons to pay it off as quickly as possible. However, I try to keep an open mind. So, I thought it would be a good mental exercise to try to come up with some valid reasons to stay in debt. Here’s what I came up with.

#1. You have severe pulpuslacerataphobia.

That’s the fear of getting paper cuts, which is sure to happen while you sort through and organize all of those statements and bills you’ve piled up. Getting everything organized is usually the first step when you’re trying to get out of debt, because you have to have an accurate picture of your financial situation before you can move forward. While the internet and online banking are making mail and the paper it’s printed on less and less common, it’s not totally gone yet. Serious pulpuslacerataphobics might consider investing in good pair of gloves if they’re trying to get their money under control…or they can just stay in debt.

#2. The thought of divorce excites you.

Study after study shows that the top indicator that a marriage will end in divorce is the number of money fights a couple has per month. Debt adds a lot of tension to an already difficult situation. If one partner is desperately trying to pay off outstanding loans, while the other is constantly opening new ones, they’re doomed. Getting a couple to communicate about their money goals, make compromises, put all the numbers on paper, agree to it all, and not go off and do whatever-the-hell-they’d-like afterwards, is so important for a healthy marriage. They all should have that discussion before they head down the aisle…or they can just roll the dice and hope for an exciting outcome.

#3. You love your stuff.

Once you get going on paying off your debts, everything you own gets looked at through a very difficult filter. Namely, “Do I want that thing more than I want to be out of debt?” How much do you love that big and beautiful flat-screen television? Or that vintage automobile that you’re sinking hundreds of dollars every month into? Sure, you could always buy more stuff later, with cash, after you’ve paid off all of your debts, but that’s not the point. You already have this stuff, it’s yours, and you love it.

#4. You don’t want to change your life.

I can remember what it was like before we started fighting our way out of the financial hole we dug, and it was pretty easy on me. I’d go to work, bring home a steady income, and my wife would take care of making sure the bills were paid. It is shocking how different my perspective on life is today than it was four years ago. It’s way more difficult, but the future looks so much better in so many ways. Still, there’s a shrinking, immature part of me that misses what used to be. Maybe that part is bigger for you?

Perhaps that wasn’t the most open-minded list. How about you? Can you think of a good reason to keep your debt?

May 7, 2013 Posted by | Marriage and Family, Past and Future, Work and Money | , , , , , , , , , , | Comments Off on 4 Reasons to Stay in Debt

Real Wealth

Real wealth is discretionary time. Money is simply fuel for your life. You can always make another dollar, but you can’t make another minute. Don’t let the pursuit of money erode your wealth.

– Alan Weiss

I instruct people about prosperity so that they are able to invest in possibility and increase their generosity.

Broke people don’t have the option to do radical things with their lives. Your payments don’t go away just because you’ve got a great opportunity or a dream to chase. They still expect to be paid. And your ability to step up and fill another’s needs is limited by how much you need. Living a broke life puts your focus on constantly pursuing more money.

No matter what you might think, every class I lead, and every family I coach, and every word I write isn’t about getting rich. I’m not interested in helping you become rich.

I’m interested in helping you become wealthy.

May 2, 2013 Posted by | Past and Future, Work and Money | , , , , , | 1 Comment

FPU Lesson 9 – The Great Misunderstanding

This is the lesson that makes all of the difference. You can do everything covered up to this point, and it’ll work, but you won’t be half as successful as you could have been. How can generosity possibly play a part in building wealth? Below are my notes from the lesson, including the key points that I highlight from the video when leading the class, and some supplemental material that I think could help the class go further on this topic.

Financial Peace Unversity

Lesson 9, The Great Misunderstanding

Key Points

The great misunderstanding is that we believe the way to have more money is to hold on to what we have tightly. The truth is that it’s just the opposite. When we hold our money with an open hand, instead of a closed fist, it’s able to flow out and in more freely. Generosity is a tool for wealth building.

We are not owners. We are only managers. We’re stewards. This is the hardest thing for us to accept. Everything we have is there for us tend, cultivate and grow, but not for ourselves.

Giving makes us more Christ-like. God is a giver. A spiritually mature Christian gives. If you have dedicated your life to following Jesus, but you’re not generous with what you’ve been given, you’ve missed something.

Challenges

The Parable of the Talents. From Matthew 25, and it has become one of my favorite passages. It covers the major points of how we need to approach money:

  1. Everyone is given something, each according to their ability. There isn’t any room for envy. We each have what we can manage.
  2. Grow what you’re given, no matter how small. Don’t bury it.
  3. Be ready to give it all back to the one who gave it to you.
  4. Being responsible with what you’re given right now prepares you for more in the future. In the end, how you grow what you’ve been given reflects on how you are growing. We all want to hear “Well done, good and faithful servant.”

This is only the beginning. You might still have months (or years) to go before you’ll see huge progress. Remember that you’re trying to be the tortoise, not the hare. Be committed to continue educating yourself about money. Read at least one financial book every year.

May 1, 2013 Posted by | Christ and Church, Past and Future, Work and Money | , , , , , , | Comments Off on FPU Lesson 9 – The Great Misunderstanding