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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!

 

 

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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


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Dad Edge Alliance

pay off debt

How to Pay Off Debt and Create Financial Security for Your Family with Jeff Bouwman

60% of parents have at least three forms of debt with the average household debt being around $33,000. Do you fall into this bracket? How do you get out?

Jeff Bouwman is a CPA. financial advisor, a husband and a dad to three little girls. He has just released his book, Your Income, Your Life and is on The Good Dad Project to tell us his experience of achieving what most Americans would consider a successful life, but was, in reality, a stressful financial black hole. Listen to how he got out of debt, quit his corporate job, and now enjoys the life he was truly meant to live.

What appears to be success from the outside is not necessarily a happy life on the inside. Jeff Bouwman spent most of his life following the path he thought he was supposed to take. He excelled at school, graduated from college, and worked hard to provide for his family. Jeff earned more and more money each time he moved up the corporate ladder. He also spent more and more money, buying stuff to fill a void that could never be filled. When he and his wife started a family, they built their dream home and racked up a 100 K debt.

Jeff was unhappy and full of anxiety. He felt pressured to work harder and would put in 60-70 hours per week to maintain the lifestyle he and his family had become accustomed to. He was rarely home with them, and when he was home, he was not emotionally or mentally present. When he was at work he felt guilty for not being with his family. When he was with his family, he felt guilty for missing work.

One night, for the first time in their whole marriage, he and his wife finally sat down to talk about money. They reviewed their family budget and discovered where they were throwing money away. They made some changes to the way the spent and saved money and reduced the cost of their lifestyle. Jeff noticed that because they worked on it together, the budget didn’t feel like much of a sacrifice.

With a little discipline, they saved thousands in payments and interest and paid off 75% of their debt in less than a year. They also began an emergency fund, which allowed Jeff to free himself from his demanding job and take 9 months off to be with his family.

Jeff Bouwman now works for 50% less income, but is happier and gets to spend time with his daughters every day. He discovered that consciously managing money as a team brought his family closer. His book, Your Income, Your Life, shows you how to define how much money you truly need to live the life you want, how money is about choice, and that money can be a catalyst to improving your relationship with your family.

Jeff’s Amazing Offer

Jeff is committed to helping other families get out of the same financial trap he was in, and is so intent on his mission, he’s giving away copies of Your Income, Your Life to anyone who wants one. Send an email to jeff@yourincomeyourlife.com and he will send you a FREE digital copy of his new book!

 


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

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links

Connect with Jeff Bouwman

Website:

Order Your Income, Your Life in paperback:

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