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TT 86 - Building Wealth How to Grow Money

Building Wealth: How to Grow Money

Today we’re going to talk about not just saving money, but building wealth. It’s easy to get caught up in daily life and neglect strategizing for the future, but if we don’t start actively building wealth now, we will be in trouble later in life. Here are five tips that will give you a solid foundation to build on.

Check out these 5 tips to start growing your money right now! #money #finance #men #fathers #dads Click To Tweet
  1. Automate retirement savings – We are 82% more likely to save for retirement if it’s automated. 10-20% of your pay needs to go into your retirement.
  2. Take advantage of company matching – If you can’t afford to put in your 401K the 10-20%, at least put in whatever your company matches. Don’t pass up free money from your job!
  3. Think outside your 9 to 5 -You don’t want to rely on your current job for 100% of your revenue. Get some side hustles going. Diversify.
  4. Pay yourself first – Take care of your primary needs before paying for extras.
  5. Invest in YOU! – We spend money on all kinds of stuff, but rarely splurge on something that will improve ourselves. Don’t scrimp when it comes to a personal development book, online course, or coaching. Most of important of all, don’t feel guilty for time and money spent on yourself.

Reminder: We are changing the name of the podcast to the Dad Edge Podcast. There will be no change in the content, podcast subscriptions, or the website. You’ll just see the new show name and logo for 2018. Let us know what you think of it!

 

 

We appreciate all the support!

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

RELATED EPISODES:

Quick Wins for Big Money with Scott Alan Turner

The Power of a Side Hustle with Matt Miller


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

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

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