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Written by Matt Wegner, Founder and Lead Counselor, Matt Wegner Financial Coaching, www.financialexcellence.net.  Pay yourself first There are hundreds, if not thousands of financial gurus out there, all spewing the same advice: live on less than you make, pay down debt, avoid credit, invest early and often, etc. It begins to sound like a broken record with them all saying the same stuff. But what I’ve begun to see is that many Americans are tuning the broken record out. The reason: too much noise and not enough valuable content. Everybody is saying what you should do but nobody is saying how to do it. A prime example is the concept of paying yourself first. That phrase (or dare I say buzzword) has been uttered so many times over the last 20 years that people have become sick of hearing it. And whenever I mention paying yourself first in a coaching session with my clients, their eyes start rolling and their faces show an unmistakable look of disgust. When I press the issue I find that they have heard the term so much that they’ve tuned it out because they don’t really know how to pay themselves first and actually make it work in real life. read more Financial Guru Dave Ramsey talking about how to win with your money. An inspirational video on ABC showing Dave following up with a small group of families one year after giving them a financial makeover. The trick? You have to first be honest with yourself and admit you need help. Next, you have to [...] It sounded too good to be true. Turns out it was. Find out the truth behind debt settlement companies and the lies they use to get your money. Video #1: Congress orders an investigation and figures out what we knew all along. I love the Senator’s statement at the end of this! Video [...] This 60 minutes video highlights an alarming trend of people walking away from their mortgages, even though they can still afford to make the payments. Their logic is that the house has lost value and they are upside down on it so they need to just let it go. How messed up is [...] Everyone wants success but nobody wants to pay the price it takes to get there. How hard are you willing to work? [...] If you want to be a millionaire you should start by living like a millionaire. But most millionaires don’t live the way you think they do. [...] A good credit report is important, but a credit score is basically only needed if you borrow money. In fact, you can’t have a credit score unless you borrow money. Let’s take a look at what determines your FICO score. [...] There is a sad phenomenon in America today. Even when life is good and blessings are handed to you, you still have to be smart about how you manage those blessings. And sometimes the blessings can cause more harm than good. Check out this video about the dark side of Extreme Makeover Home Edition. [...] The government made it illegal for companies to offer free credit reports as a lure to get you to sign up for credit monitoring services and other programs. [...] |
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Matt Wegner Coaching | 2808 Kohler Memorial Drive | Sheboygan, WI 53081 | 920-331-0941
Matt Wegner Coaching is a financial coaching service. The information on this website is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that the counselor/coach is not engaged to render legal, accounting or other professional advice. Since your situation is fact dependent, you must additionally seek the services of an appropriately licensed legal, accounting, or investment services professional.
Our goal is to provide help with debt, budgeting and all areas of personal finance. We teach the truth about credit and how to live without debt. |
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