A Bodey in Motion

Building momentum, one step at a time

Ask For Help! Be Accountable To Someone.

C is for Coaching. It probably seems a little self-serving, since I’m a financial coach. While I do think that more should seek out services like mine, the truth is we each should have somebody in our life that we trust to guide and urge us on to be better, especially in the area of money. Sadly, too few of us do.

stylish footwear optional

For some reason, our money – more than almost any other issue in our lives – is not to be discussed with other people. It’s taboo. We talk about personal relationship issues, health issues, spiritual issues, addictions to pornography and drugs, but we don’t talk about money.

– Russ Crosson, The Truth About Money Lies.

So, how do you find a money coach?

  • Think about your money. How are you struggling? What do you want to change? Coaches can only help you make progress if you’ve thought about the direction you’re trying to go.
  • Speak up about it. Being open about your need gives others the opportunity to bless you with options you might not have been aware of.
  • Learn more. We’re living in an age of information. Take advantage of books, videos, and podcasts. Find out what kinds of money management classes and seminars are being offered in your area. Also, read the Bible. The books of Proverbs and the teachings of Jesus are full of valuable lessons about money.
  • Act. The more you expose yourself to sound money principles, and the more you surround yourself with like-minded people, the sooner you’ll find a coach. Maybe it’s that millionaire that looks nothing like a millionaire – or the teacher of the money management class you’re taking – or a pastor. Buy them lunch, and ask for help.

You might decide that hiring a financial coach is your best answer. It’s worth paying to get results because your heart follows your money. If you spend it on knowledge and accountability, then you’ll put your heart into it.

Where do you go for great money advice? And who’s holding you accountable with your saving and spending? Anyone have a good word for Z? Let me know in the comments below!

[image from publicdomainpictures.net]
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October 1, 2013 Posted by | Work and Money | , , , , , , , | Comments Off on Ask For Help! Be Accountable To Someone.

Break the Chains! Free Yourself From Debt

B is for Bondage. Nothing ties up your income and locks up your dreams more than the bondage of debt. If you want to turn your finances around, escaping those chains must be a priority.

The borrower is slave to the lender. - Proverbs 22:6

Truths about debt:

  • Debt is a product being sold. Credit is the most aggressively marketed product in the country. Remember that “Life takes VISA” is an ad slogan, not a fact.
  • Debt limits options. Lenders must be paid. Any job that covers all of those bills is a requirement, no matter what. And an underwater mortgage can turn a home into a prison.
  • Debt increases risk. Being able to pay today doesn’t guarantee tomorrow. Failure to repay leads to threats and legal action, and can result in losses of property and wages.

How to escape:

  • Get intense. You can’t passively drift out of debt. Escaping requires passion. It’s time to get angry. It’s time to get focused.
  • Stop borrowing. No more new debt. Draw the line here, and get ready to fight.

What do you think? Are you living without debt? How did you escape? What should be my word for Q? Let me know in the comments below!

[image from publicdomainpictures.net]

September 24, 2013 Posted by | Work and Money | , , , , , , , , , | Comments Off on Break the Chains! Free Yourself From Debt

Don’t Be Lazy! Get Up and Make Your Money Work

I’m starting a new series of posts today. I’m calling it the “ABCs of Personal Finance.” The word for the letter A is Action, because succeeding with money in your home requires action. Your financial situation isn’t going to get any better while you sit idly by and ignore it. So, it’s time to get moving and make some changes. Ready?

He sure looks comfortable, though. Poking him with a stick might be a bad idea. Like irritating my wife before her morning cup of coffee.

  • INCOME – GET TO WORK. Everything worth doing is going to be hard and take a lot of effort. If you want a career that gives you a sense of purpose and pays you well, you’re going to have to take action.
    • Truth: Any job that you can get with a 10 minute interview in a booth at a fast food restaurant is unlikely to pay a lot, and will never be a great career. If you want a bigger paycheck, you have to make yourself more appealing to better employers, and that takes work.
    • First Step: Start Reading. Read books written by the best in the business you want to be in. Read classic business books. Read books about how to get a better job.
  • BUDGET – MAKE A PLAN. Having any income is great, but paychecks have a nasty tendency of looking bigger than they actually are, and spending more than we make has become a national crisis. Planning is an essential part of winning. Even if this month’s budget fails, you learn and fix what failed next month. If you’re not budgeting, you’ve robbed yourself of that opportunity to improve. Take action and give every dollar you make a purpose.
  • GROW – SET GOALS. Once the income is coming in and the bills are all covered, it’s tempting to breathe easy and relax. That might work, if all you ever want to do is just cover the bills. If you have bigger dreams, if you ever want something more than what you have right now, you have to make conscious decisions about how to get there and set some goals. You have to take action.
  • FIGHT – DON’T GIVE UP. Remember, everything worth doing will be hard and take a lot of effort. It’s going to be tough, but as long as you’re breathing, there is always hope.
    • That job may be all you can get right now, but it’s not forever.
    • That budget may be so tight it scares you, but it’s a start.
    •  That goal may seem so out of reach, but you’re still growing.

What do you think? What parts of your finances could use a little less conversation and a little more action? Did I cover it all or miss something important? And what should be my word for X? Let me know in the comments below!

[image from publicdomainpictures.net]

September 17, 2013 Posted by | Work and Money | , , , , , , , | Comments Off on Don’t Be Lazy! Get Up and Make Your Money Work