April 6, 2020
February 10, 2020
January 13, 2020
Have you ever head the term “mattress money”? It’s a real thing! Sometimes this is money that people literally hide in their mattresses, under the floor board, or even behind sink! But in general, mattress money refers to keeping your cash savings hidden away at home, rather than in the bank. Now I’m not talking about having an emergency supply of cash on hand, but what I AM talking about is keeping a large sum of money, like a nest egg that you’ve been saving up, somewhere other than a bank. I run across this all the time in the mortgage business, and let me tell you, when applying for a home loan, it can actually be harder to use cash that you have been stashing away at home than it is to use that same money if it had been secure in a bank. Now maybe you’re reading this thinking, “but I don’t have any large purchases that I need financing for. I just want to hold on to the money I have”. Well that makes a lot of good sense, BUT, if you’re keeping a very large sum of cash at home for an extended period of time, you’re not protecting your hard earned savings against inflation! There are a lot of reasons I think banks are the best place for your money, and we talk about them all in this weeks episode of Money Tip Monday!!
Also, we’ve been getting amazing feedback, and I’m so grateful for your support as I work on growing this YouTube channel, and learn more and more about what kind of topics are most useful for you. Don’t forget to click “like”, and maybe even give us a “subscribe”!! And as always, if there’s anything you want to hear about, or any specific questions we can answer, please let us know. I want 2019 to be your best financial year ever!
May 15, 2019
I know we’ve talked about mindset before (if you missed that one, check it out here) but I think it’s worth another look at how limiting beliefs can actually cost you money. I know that sounds crazy, but it’s absolutely true. It’s amazing how shifting your mindset can change your life in SO many ways, especially when it comes to money!
Remember the old adage, “If you don’t ask, you don’t receive”? Well that’s true when it comes to savings too. There are tons of ways you can ask for savings… sometimes it’s as simple as clipping those coupons, sometimes it’s as easy as asking for a better interest rate on a credit card, or even seeing if your bank offers free checking. The point is, if you don’t ask for it, they’re not going to give it to you! I know, asking for anything having to do with money can be uncomfortable for some of us. I was DEFINITELY one of those people. But once I saw how asking for these things helped to save my hard earned dollars, I started making a habit of doing my research, seeing if better options were available, looking for better interest rates, and always asking for savings. It might only be a few dollars here and there to start, but those dollars add up over time. I truly hope that if you’ve learned anything from these money tip videos, it’s that consistent small actions over time lead to big results in long run. So stop leaving money on the table, and don’t be afraid to ask for savings!
Make it a great week!
May 2, 2019
WOW! First of all let me say, I was so blown away at the responses I received from last week’s money mindset video (I am glad I am not the only one working out some deep rooted childhood issues) But I was also equally surprised with how many people felt shame about their money stories. I know firsthand what it’s like to be disappointed, and embarrassed of your situation. I hated that place and lived there far too long! So here is what I am going to tell you my friend and I know you did not come to me for permission, but I am going to give it to you anyway. There is no shame in wanting to change where you are so that you can live a bigger and brighter future. So you go for it! Even if that means that others around you won’t understand or will try to keep you in THEIR comfort zone. Push through! The awesome life you dream of is waiting for you, but you have to do the work!
So what does the work look like… well its different for everyone, but the same if that makes sense. We all need the fundamentals of savings, debt reduction, investment and the mindset to believe that what we want is attainable. This will grow and evolve over time as you have more money, but if you are starting at the beginning, I made this video for you. It’s all of the ways that you can get ahead without dramatically changing your life or selling a kidney! My wish for you is that this is the mindset push you need to take it to the next level. Get off of your debt-coster and start living your best life!
All my best to you!
March 4, 2019