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TT 85 - Family Finance - 7 Hacks to Save Thousands

Family Finance: 7 Hacks to Save Thousands


Finances are probably one of the top three things men worry out about. It causes overwhelm, arguments and sleepless nights. This part of our life doesn’t have to be so damn stressful. Today I’m going to talk about seven ways we can save money as a family on our biggest household expenses.

What You’ll Learn

  1. How to organize your shopping list.
  2. How eliminating one monthly service like cable can save you thousands a year.
  3. How to use reward programs, like credit cards that earn miles.
  4. How to sell stuff you don’t want.
  5. How to find used and off brand clothes for the kids instead of new ones.
  6. Why you should never buy a new car.
  7. Why you’ll spend less if you pay for everything in cash.

Announcement: We are changing the name of the podcast in a couple weeks to the Dad Edge Podcast. There will be no change in the content or the website. You’ll just see the new show name and logo.

 

 

MENTIONED EPISODES

Drowning in Distraction? Optimize Your Morning Routine

We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

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

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

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

 

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

quick wins for big money

Quick Wins for Big Money with Scott Alan Turner


When it comes to investing and saving money, we often overcomplicate things. We don’t have to make it so hard on ourselves. Financial rock star Scott Alan Turner is on the show to give us some quick and easy ways to save on monthly expenses that will add up to big money in the long run.

He also shares some amazing tips and resources – from increasing your earning power, to hiring companies to negotiate lower rates on certain bills. Take action now, get out of debt, and watch the money pile up!

Being in debt is not the American Dream with @scottalanturner #finance #money #debtfree Click To Tweet

Scott Alan Turner

Scott Alan Turner grew up in a blue collar home as one of five siblings. They had a simple financial lifestyle. He doesn’t remember his parents ever having car payments, credit cards, or debts.

Then when Scott got out of college, he learned all about debt. He had student loans and credit cards. As he began working and climbing the corporate ladder, he bought a Jeep and the biggest house the bank would finance for him. Scott ended up pretty normal as a single guy. He had a huge mortgage, a nice car, and was totally broke.

Scott soon realized that he didn’t want this kind of “American Dream.” He began listening to consumer advocate, Clark Howard, on the radio during his commute and realized everything he was doing wrong when it came to investing, insurance, utilities and lifestyle.

Since then, Scott has been “on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences.” He is also literally a rock star and plays lead electric guitar in several rock bands.

When you spend cash, you will spend less. @ScottAlanTurner #finance #creditcards #dads #fathers Click To Tweet

What You’ll Learn

  • How to lower outgoing expenditures
  • Why your financed car is really just a rental from the bank
  • The mind-blowing amount of money Americans spend on dining out
  • How to prevent yourself from over-spending on things like groceries, restaurants, and entertainemnt
  • The psychological pain that accompanies handing over your cash (as opposed to swiping your card)
  • How to keep your job during corporate layoffs
  • How to increase your earnings at work
  • Why you’re not getting promoted
  • How to “job hop” your way to a 5K, 10K, or 20K larger salary
  • How to shop insurance to save big
  • How to save on groceries
  • Why it’s better for your finances and your health to live more simply
  • How to set a good example for your kids
  • The new company that will negotiate lower rates for things like your cable and phone
  • The debt-free rebellion!
The rebellious lifestyle is to be debt free. @ScottAlanTurner #debtfree #lifestyle #family #finance Click To Tweet

We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.

Note: We are changing the name of the podcast in a couple weeks to the Dad Edge Podcast. There will be no change in the content or the website, just the new show name and logo!

Connect with Scott Alan Turner

ScottAlanTurner.com

Podcast

Facebook

Twitter

Instagram

Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

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

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

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Daddy Will Always Love and Protect You

Links


Are you ready to create an epic life

YES, I AM!

Dad Edge Alliance

Side Hustles

Side Hustles: Risks vs. Rewards


If you listened to our previous show, you learned how Matt Miller developed a side hustle that allowed him to make money while he slept, but most of us don’t make the leap into starting a side hustle for one reason–fear.

In this short episode, I go over four powerful reasons why we shouldn’t let fear stand in the way of developing other sources of income.

While going down the path of the entrepreneur, you will meet yourself. - Larry Hagner #entrepreneur #income Click To Tweet

 

MENTIONED EPISODES

 The Power of a Side Hustle with Matt Miller

How to Magnify Your Presence with Your Kids with Jim Sheils

We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

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

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

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

 

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

The Power of a Side Hustle with Matt Miller


Personal finance is one of the most popular topics on this show, and in many of our previous episodes we’ve learned about the need to to diversify our income. Today we have side-hustle entrepreneur Matt Miller on the show. He has been a guest on the biggest podcasts out there, such as Pat Flynn (The Smart Passive Income Blog), John Lee Dumas (Entrepreneurs on Fire), and Jamie Masters Tardy (Eventual Millionaire).

Matt Miller is a husband and father of three who spent the majority of his life working for a W-2 job. Like most of us, any kind of work/life balance eluded Matt. He didn’t have much time with his family or as much income as he liked, so he decided to develop a side hustle by embarking on a business that is often overlooked – vending machines. He now lives life on his own terms and helps others do the same.

I define success as having control over time and money. - Matt Miller @ssvbusiness #passiveincome #money #finance Click To Tweet

Matt Miller

Matt Miller spent the first nine years of his career as an Air Force pilot before entering the corporate world. While a top performer for both companies, his long-term desire was to start a business and be his own boss.

A good friend one day mentioned the gumball machines he and his young daughters owned, and that conversation began a ten-year business quest that resulted in the creation and subsequent growth of School Spirit Vending.

Over the years, Matt’s diligent effort and entrepreneurial expertise has brought School Spirit Vending to the cutting edge of both the vending and school fundraising industries by combining these two ventures into one. At the same time, he has created an impressive stream of passive income that gives him the freedom, money, and time he always wanted.

Matt is devoted to sharing his expertise with others. Through many different venues, including podcasts and public speaking, Matt seeks to enable other entrepreneurs to chase their dreams as well.

Whatever is important to you, you will make time for. - Matt Miller @ssvbusiness #dads #fathers #men #goals Click To Tweet

What You’ll Learn

  • How the corporate world was like the military
  • How Matt’s career as a top-performing ad executive still left him without enough income
  • How he his financial situation was so bad that he had to deliver pizza after work
  • How he got out of the having to “trade time for money” mindset
  • How and why he quit his job as an ad executive even though he was at the top of his career
  • How Matt survived a heart attack at age 50
  • How he made time to develop his side hustle
  • How he included his kids in his new business
  • His game-changing secret to a happy marriage
  • Why his vending story is different
  • Why the vending business is overlooked
  • How he earns income while raising funds for the school
  • How Aaron Walker helped Matt take his business to the next level
  • How to start a new business without having to quit your job
  • How much revenue can be earned from vending machines
  • How to get into the vending machine franchise

 

MENTIONED EPISODES: Working to Live, Not Living to Work with Aaron Walker

 

We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.

Connect with Matt Miller

ssvbusiness.com

schoolspiritvending.com

Facebook

Twitter

Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

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

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

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Daddy Will Always Love and Protect You

Links


Are you ready to create an epic life

YES, I AM!

Dad Edge Alliance

 

how to pay off mortgage

How to Pay Off Your Mortgage in Five Years with Andy Hill

Finances are a touchy subject that stresses the hell out of all of us. It can especially affect our relationships. Almost one out of every two marriages end in divorce, sixty percent of which are due to financial stress. For most dads, our main goal is to pay off our home mortgage. This seems impossible. How can we pay of a thirty-year mortgage in a matter of years? Today we have Andy Hill from MarriageKidsandMoney.com to tell us how he is paying off his mortgage in less than five years.

Pay Off Your Mortgage in Five Years?

Andy Hill and his wife have been married for seven years. They have two kids, a five-year-old girl and a three-year-old boy. Andy and his wife have been working hard since they’ve been married to create a life that is exciting and live their dreams. So when they bought their dream home, they knew they didn’t want to have the $200,000 debt hanging over them. They set an ambitious plan to work to pay the entire mortgage off in five years.

Today, they have only $29,000 left, which will be paid off at the end of the year. It sounds impossible, or painful, but Andy says it’s the little things that add up to big savings in their household budget that they funnel into paying off their house.

Budget Party

The first step is to get the spouse on board. This is not always easy, but Andy and his wife have a “budget party” once a month to discuss the budget strategy. Andy says not to start the conversation with what must be sacrificed. Make sure you highlight the benefits first. Imagine a life without a house payment? Where could you go? What could you do? Then do a detailed budget and see where all the money is going and start making cuts.

Where families can save money

  1. Pack lunches. You can stay healthier and not spend money this way. Andy saves $100 a month by packing his lunch for work.
  2. Analyzed grocery spending. Andy’s family spent an average of $900 a month on food. To cut back on this expense, they now shop once a week with a list and they stick to it. They switched from Kroger to Aldi and save about $300 a month now. Switch from more expensive stores to discount stores.
  3. Become an aspiring minimalist. Don’t let clutter accumulate. Don’t let things pile up in garage. Look around the house? Does anything you’re not using have value? Sell it online or have a garage sale. Spring cleaning can become profitable.
  4. Cut off the cable. There are so many alternatives to traditional cable. Look at your bill. Analyze the fees. Call and negotiate. Call all providers and find the best deal. Cut back to just internet service.
  5. Go to different stores for bulk items. Things like diapers and baby wipes tend to be more expensive at the grocery store. Go to bulk supermarkets like Costco for these items.

When you feel good about your money, you can do great things that make you feel like a great dad.

Structuring a Household Budget

Andy Hill and his wife set aside money for everything. They include date nights, vacations, and entertainment. Here is how he structures his budget categories:

  1. Transportation (car, public transport)
  2. Utilities, bills, cell phones
  3. Entertainment (game tickets, babysitters, dinners)
  4. Saving up for kids’ college
  5. IRA, retirement
  6. Food
  7. Giving (donations and charities, gifts)
  8. Health, doctor
  9. Home maintenance and improvement
  10. Kids activities (parties, swim lessons)
  11. Miscellaneous or forgotten stuff
  12. Emergency (three months of expenses saved up in case of job loss, natural disaster, etc.)

Andy Hill’s Dad Wisdom

Andy says it’s important to create dreams for yourself and put them out there. Set specific dates to get them done. Ask yourself how your financial goals can support the family you want to have. Do you want the next great thing? Or do you want to give to the world and have new life experiences?

 


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

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

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

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links

Andy Hill’s Links

marriagekidsandmoney.com

Facebook

Twitter


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance