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money

Money and Working Together as a Family

Money and finances is responsible for over 50% of the divorces in the US today.  To be honest, money is not at fault.  What is at fault is how we manage money as a family.  The question becomes: “How we can we control money vs. money controlling our family?”

Open Communication about Finances

To be successful as a family unit and manage money properly, we must have an open-line of communication with our spouse and kids.  Literally, being able to talk about money openly can be one of the best things we can do for the health of our marriage.  Running our family and a household like a business is critical to success.  We have to be able to identify cost and expenses vs. income.  Also, it helps if we can identify expenses in our life that are a “want vs. a need.”

 

Managing Family Money with a Weekly Meet Up with Our Spouse

Every single week my wife and I will talk about our bills.  We sit down and do a quick recap on money spent the previous week and what is coming up for the remainder of the month.  We also keep track of what we spend in several different categories (mortgage, groceries, utilities, car, clothing, etc).  When we have reached the limit on one category, we are done for the month and no more spending (with the exception of necessities – we won’t let our kids starve! LOL!)

 

Choose Who Will Do the Bills

In our house, we have tried several different ways to manage the monthly cash flow.  For us, when we both did the bills there were too many chefs in the kitchen.  Plus, my wife doesn’t have the emotional tie money that I do.  Meaning, she is great at not getting stressed when it comes to cash flow.  To be honest, I get very stressed when it comes to seeing money going out.  So, I am not the person who should be doing the bills.

 

Thanks for checking out this week’s Five Minute Thursday on MONEY!

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Check out this free resource on: CONNECTION WITH YOUR SPOUSE

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Jordan Goodman

How to pay off your home mortgage and be financially free in 5 years with Jordan Goodman


Jordan Goodman, America’s Money Answer Man, comes on the Good Dad Project Podcast and shares insights on paying off our mortgages in 5-7 years, paying off credit debit, and saving for the future.

The American Dream: House, 2.5 kids, pets, credit card debt, 30 year mortgage with an arm, car loan, wondering how to pay for the education of those 2.5 kids, the list goes on. It’s kind of a given, isn’t it? Being strapped till the end of time with debt? It kind of nestles itself right in with the family, just like that annoying relative. How comfy! But, what if, you could eliminate that unwanted “family member” more quickly than you thought?

The Mortgage

Jordan Goodman (Money magazine, financial analyst at NBC along with being the author of numerous books on the topic) has helped people pay off their mortgage in 5-6 years and reduce their credit card debt. Yeah, right, you say. But, it’s true! He says if you have equity in your home, take out a Home Equity Line of Credit, connect it to your checking account, use the credit line to pay towards the principal of your mortgage. Repaying the line of credit and then repeating the process six months to a year down the road, you will have that house paid off rapidly.

The Debt

Credit cards can be both a blessing and a curse. The blessing is that they help build our credit. The curse is that, if we overspend on them, we can find ourselves in a world of hurt. Use one credit card to pay your bills every month and then pay it off the next month. That way, you keep your credit in great standing and pay your regular bills.

The Budget

Half of all divorces occur because of money issues. Yep, that unwanted family member is responsible for half of all the broken marriages. So, one solution to that issue is to have open communication with your spouse regarding handling money. Our relationship with money may differ from that of our spouse (most likely it will), so, understanding how our spouse deals with money and communicating how you deal with money is key to a happy home. If you really enjoy golf outings, but your wife loves her Manolo Blahnik’s (it’s a big name designer guys), then make those items part of your budget. Don’t just cut out the things that bring you joy in the name of frugality (unless, of course, you’re simply trying to put food on the table).

Of course, this is simply the tip of the ice berg. This episode really dives into the details of how you can get yourself on a better path with your money and unload the “family member” you aren’t so fond of.

Resources:

GRAB A COPY OF THE DAD’S EDGE HERE

Check out our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Check out a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

Jordan Goodman Links:

Jordan Goodman Website

Jordan Goodman  Financial Resources

Jordan Goodman Twitter

Jordan Goodman Facebook

Jordan Goodman YouTube

family stays connected

Five Ways to Make Sure Your Family Stays Connected


Ensuring our families stay connected is something that every dad desires.

You know your family. You know your spouse’s trigger points, what’s going on with their day and  what bothers them. You know what is going on in your kids’ lives: their friends, their favorite activities, their sensitivities. Whoa-wait-do you? When is the last time you sat down and really listened, or scheduled an activity together and really made quality time? Too many times our best intentions to build the connections with our family are overlooked by our busy schedules and outside commitments. Changing just some of our simple daily habits, though, can really help strengthen the most important connections of all.

Your Family Stays Connected By Taking a Few Minutes to Talk Everyday

Yeah, you ask your kids how they’re doing, but are you really paying attention, or are you absentmindedly listening while mentally going over that meeting with your boss you had an hour ago? Admit it, you’ve done it before; most of us have. But listening and truly paying attention to what they have to say helps to build those bonds. It just makes people feel important when you really listen. Think about it: when someone is really engaged and listening to you, you know it. You also know when someone is just half way there. You just feel better when the other person is actively listening: asking good questions and being present.

Schedule an Activity

It doesn’t have to be a trip to DisneyWorld (unless that’s what you really want to do), it’s the daily activities of simply playing with your kids. Our intentions might be good, but if it’s not in our routine schedule, we may not get to it. You schedule meetings for work, why not schedule activities with your family; the reason you go to work?

Do Physical Activities Together

No, this doesn’t mean putting your kids to work pulling weeds in the yard while you mow the lawn. Spend some times outside: go for a walk, throw a ball, wrestle. Whatever it is, the simple act of being active together creates a different bond than just sitting on the couch (there’s quality in that, too, just not all the time). Schedule a hike or set a goal of doing a challenge course together (Color Run, anybody?).

Have a Meal Together and Express Gratitude

It doesn’t have to be the Beaver Cleaver family meal at 5 o’clock; dinner can be whenever you can connect. And when you’re sitting around that table eating (please don’t talk with your mouth full), maybe say something you’re grateful for. Heck, why not make it something you’re grateful for about someone at that very table? While you’re at it, make this a tech-free zone. Nothing says “I’m physically present, but not mentally here” like a cell phone at the table.

Pay Attention to the Small Stuff

Small Stuff. The stuff that keeps gnawing at the back of our minds when we have a moment’s down time. Paying attention to our spouse’s and kids’ small stuff helps them know we care enough to listen to their deepest needs. You might even help them take that small stuff off of their plate!
Daily habits can be changed. It doesn’t take moving a mountain to do it, either. Really, it’s just a conscious effort to take what you typically do in a day and just insert some of these 5  easy steps to make those family connections even stronger.

Resources:

GRAB A COPY OF THE DAD’S EDGE HERE

Check out our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Check out a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

Thank you for checking out this week’s episode on 5 Ways to Make Sure Your Family Stays Connected.

george bryant

Learning from Life’s Big Challenges and becoming a Bonus Dad with George Bryant

George Bryant – Marine, New York Times Bestselling Author, Bonus Dad, Founder of Civilized Cooking Caveman

Marine, successful author, innovator in the field of the Paleo Diet. These accolades don’t exactly trigger images of someone you might believe has had to battle through some of life’s greatest challenges.

Though, George Bryant is just that man. It is only through his incredibly difficult childhood, one of tremendous neglect and abuse, that he found his true strength. George has taken what could have been one heck of an excuse to opt out of being successful in life and turned it into the ultimate inspiration.

George Bryant on Authenticity

The tough guy exterior can only get you so far. It’s blending that “though guy” with a vulnerability that makes you a whole man. You don’t to have a pack of Kleenex on you 24/7, but finding a way to open yourself up to the possibility of being vulnerable, might just open the relationships you have, in every aspect of your life, to greater level.

Struggles will make you stronger

Many times on The GDP, we’ve had guests express the importance of coming to peace with yourself. Embracing whatever past hurts, either from childhood or adulthood, allow us to be more present to others at home, at work and in every relationship. If we bury these emotions or hurts, they will manifest themselves in other, possibly negative, ways.

George Bryant manifested his hurts in binging and purging. (READ: Eating a bunch of food and then proceeding to throw it up.) Every time he would feel pain, this cycle would start. It only stopped and his incredible success story began when he finally faced his past. Now, he conquers food like a cave man, and is an inspiration to many others; namely his “bonus daughter” (step-daughter) and his wife.

Being at peace with your past

Granted, not everyone has had a really tough childhood, or gone through horrendous change in their lives, but each of us can learn to turn negative situations into empowering opportunities. It’s these opportunities where we get the chance to show our kids how to be resilient and grow from pain or failure. George says it’s in these times that children will ask “why?” In the midst of our own pain and angst, we may just want to brush them off. Look at this differently, though says George. These children look to you for guidance. As a matter of fact, the mere act of their asking you why is because they respect your opinion. Wow. That, in itself, should be motive enough for answering that little question. In doing so, you show your children that you respect them, too, and that they matter. Being at peace with your past and opening up to vulnerability is tough, but the rewards are infinite-cave man or not.

“Life happens in the messy details.” – George Bryant – TWEET THAT

“Be mindful and choose to do the best in the moment with the best that you have.” – George Bryant – TWEET THAT

“I got promoted in life the moment I met my wife.” – George Bryant – TWEET THAT

Free Resources:

Check out a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

The Dads Edge Book

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

George Bryant Links:

If you enjoyed this episode Learning from Life’s Big Challenges and becoming a Bonus Dad with George Bryant. Leave your comments below as we would love to hear your thoughts so we can continue to provide you with content you enjoy.

will it fly with pat flynn

Will It Fly with Pat Flynn

Will It Fly with Pat Flynn

Larry and Shawn interview Pat Flynn, founder of Smart Passive Income and author of Will It Fly. In this episode, Pat shares his dynamic story of ground-up success and balancing an entrepreneurship with family.

Key Takeaways:

The intro of Will it Fly with Pat Flynn…We’ve all done it-taken a plain piece of paper, folded it into what we believe will be an aerodynamic masterpiece, only to watch our paper dream nose-dive to the floor. Why? Why would our paper airplane be any different from the other guy’s which looked eerily similar, yet flew like an F-15 Fighter jet? Well, maybe we simply needed a bit more direct guidance. Pat Flynn likens this scenario to entrepreneurship: we see one guy making bank over a great internet idea; we think it looks simple enough, buy business cards, get a great website going and boom. Fail. Why? Maybe that idea worked for that other guy because it worked for them; it fit their values, and it helped them look inward.

Pat states that in work, you don’t need to trade time for money; it’s more trading value for money. For instance, if you provide a service, product or idea online that makes other people’s lives easier or better, you can literally work mere hours in a work week, wake up and see exponential money in your account. Of course, this only works if the idea, product or service is something you believe in and others will need. You need to identify your “why”. Why do you want to create this product, service or idea?

Then, once you’ve got that great product and it’s time to market it and get your business up and running, you have to balance your family and home life as well. Schedule your work around your life, not your life around your work.  This means building entrepreneurial boundaries. In other words, make your own set hours, stick to them and “check-in” to your family and other core values. This way, you are able to focus 100% on what is directly at hand.

So, maybe your first attempt with the paper airplane didn’t fare so well. But, in your second attempt, you got guidance, you decided what you wanted the airplane to look like and it was a total success.

Free Resources:

Check out a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

The Dads Edge Book

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

Pat Flynn Links:

If you enjoyed this episode, Will It Fly with Pat Flynn, let us know. Leave your comments below as we would love to hear your thoughts so we can continue to provide you with content you enjoy.