Budgets – LIVETHEFUEL

037: 2017 Money Resolutions with Whitney Hansen

Scott Mulvaney — Mon, 02 Jan 2017 18:15:00 +0000

Resolutions, Money and your first 2017 CoHost:

Do you set New Years Resolutions? To get 2017 cranking we are bringing on our first repeat co-host. We have brought back The Money Nerd, Whitney Hansen to make the biggest impact on your financial resolutions this New Year!

On This Episode You Will Hear:

[spp-timestamp time=”01:32″] A quick recap on who Whitney Hansen is
[spp-timestamp time=”02:19″] What people are freaking out about this new year. We all want and make the same goals in the New Year, Lose weight and get our financials in order.
[spp-timestamp time=”02:50″] New Year resolutions. 75% of people who set New Year’s resolutions give up within the first 30 days. People don’t spend enough time on who they are and what make’s them tick, and function every single day. It is something that is key to health and finance.
[spp-timestamp time=”04:39″] Profit First. Taking Action. In the fall of 2016 Whitney started teaching personal finance at a College level. Whitney creates little money dates with herself to check in on how her finances are doing. That weekly check-in allows you to align yourself with your finances.
[spp-timestamp time=”07:36″] Whitney would go through the past 30 days of your Credit Cards and your Bank accounts and start to group together common spending habits and remove spending that doesn’t align with your goals and your expenses. Reallocating the funds to the right domains in your life.
[spp-timestamp time=”11:09″] Budgeting and saving for a trip to Italy. Booking trips with Google Flights. Setting up a saving’s account for just travel.
[spp-timestamp time=”12:53″] If there are important things in your life you want to pay for, set up an account and have your money automatically transferred to your account. Even if it is only 2% or 3%. Cut out what does not matter to you and reallocate it to other areas of your life.
[spp-timestamp time=”14:52″] Prioritization. It is really easy to get distracted.
[spp-timestamp time=”16:41″] Digit and other apps
[spp-timestamp time=”18:56″] The power of your success is down to the power of your network. Also discussing using tax refunds properly
[spp-timestamp time=”21:56″] Are we really tracking our budgets? Take your tax refund and put it towards your goals. Taxes and ROTH IRA’s
[spp-timestamp time=”26:53″] Emergency funds and added expenses funds.
[spp-timestamp time=”29:04″] Become more self-aware with money. Track every expense for the next 30 days.
[spp-timestamp time=”30:40″] Challenge people to achieve to boost the income by a dollar amount or by a percentage amount
[spp-timestamp time=”43:13″] Conferences. Getting out there and growing your network
[spp-timestamp time=”47:35″] Final Words

[spp-tweet tweet=”Be more intentional with your financial resolutions @whitneyhansenco #MONEYNERD on LIVETHEFUEL”]

Links and Resources

People Mentioned

Final Words

Be more intentional. You can do anything in the world that you want. But you can’t have everything. Your savings are important. Look at your expenses, does what your spending align with your values and goals? If it doesn’t start to make a few tweaks so that it does.

Action Steps

Please Submit an iTunes Show Rating & Review, we need more reviews to increase our ranking and appearance. We love 5 Stars!
Join THE FUEL TANK our community on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Be sure to check out our Resources and a reminder to “Keep Living The Fired Up Epic Life everyone!” #livethefuel

The post 037: 2017 Money Resolutions with Whitney Hansen appeared first on LIVETHEFUEL.

027: Success by Leadership at THRIVE with David Byler

Scott Mulvaney — Mon, 28 Nov 2016 17:45:00 +0000

Leadership, Success and your THRIVE Co-host:

Leadership builds success. The best investment in life is you. That’s right, you. It’s the one thing that gets neglected in life the most. It’s not a selfish act. Unhappy with his 9-5 career aka job, David decided to free himself and start working to help assist other millennial’s and entrepreneurial minded people. This episodes co-host is a fellow Thrive: Make Money Matter attendee. David Byler first attended the Thrive event back in 2015 and roomed with me at this year’s 2016 event. He took the plunge after investing in Tai Lopez’s 67 Steps course. After this event, he saw the importance of continuing to be learning and investing in yourself. This investment has led David to create the brand SuccessByLeadership.com.

On This Episode You Will Hear:

[spp-timestamp time=”06:28″] Thrive 2015 was Davids first event ever and it changed his life forever
[spp-timestamp time=”09:09″] The 67 Steps to forming a habit and Opening the doors to knowledge
[spp-timestamp time=”11:04 “] The reason for David going to Thrive was about seeing success in the flesh. Growing up in a small town in West Virginia, money was always seen as a bad thing.
[spp-timestamp time=”13:00″] You need an emotional trigger to help get over the fear of failure to ultimately take action.
[spp-timestamp time=”14:43″] What inspired David to start SuccessByLeadership.com. For David, it started with a lot of unhappiness.
[spp-timestamp time=”16:41″] Before investing in Tai Lopez’s course, David had never made that sort investment before. He always followed the course that people around him followed.
[spp-timestamp time=”19:49″] The Quarter Life Crisis
[spp-timestamp time=”21:29″] David has always liked finance and has been a natural saver. Watching people he managed, mismanage their own money and watching their lives spiral out of control drove him nuts.
[spp-timestamp time=”25:43″] Practices from the book, Profit First
[spp-timestamp time=”28:12″] Being efficient and effective with your money by dividing money into multiple accounts
[spp-timestamp time=”29:23″] Most people don’t control their money, so making more money won’t solve the issue
[spp-timestamp time=”30:40″] If you don’t like what you have, you have got to start thinking about what else can you do. Then you can start taking small steps. It’s not going to happen overnight.
[spp-timestamp time=”34:43″] If you want to build your freedom, make sure you build a successful team behind you.
[spp-timestamp time=”36:08″] David helps businesses with their production needs and helps people with their finances allowing them to build the life of freedom they want.
[spp-timestamp time=”37:48″] The freedom trifecta – Financial Freedom, Location Freedom, and Time Freedom
[spp-timestamp time=”40:31″] You got to get to at least one event every year. You must go invest in yourself.
[spp-timestamp time=”46:43″] It’s not always about entrepreneurship. It is about providing value. Don’t just go to events in your industry
[spp-timestamp time=”50:20″] If you want to be a millionaire, make two million so you can give a million away.
[spp-timestamp time=”51:41″] Control and constraints to allow freedom in your life
[spp-timestamp time=”54:21″] Final Words

[spp-tweet tweet=”Always invest in yourself. David Byler, Success by Leadership on LIVETHEFUEL.com/027″]

Links and Resources

People Mentioned

Final Words

Always invest in yourself. “If you don’t control your money, your money will control you.”

Action Steps

Thank you for listening, please take a few minutes to Submit an iTunes Show Rating & Review, we love 5 Stars!
Join THE FUEL TANK on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Follow us on all of social media @LIVETHEFUEL – “Keep Living The Fired Up Epic Life everyone!” #livethefuel

The post 027: Success by Leadership at THRIVE with David Byler appeared first on LIVETHEFUEL.

018: Geeking with the Money Nerd Whitney Hansen

Scott Mulvaney — Fri, 28 Oct 2016 14:00:00 +0000

On this episode, I connect with the other half of a previous co-host Tony Huynh, TheInstaGuy.co. Today we dive into the world of finance. Our co-host has a background in finance and has been pursuing her entrepreneurial passion for three years now. She helps people create budgets, pay off college loans quicker and plan for the future. A lot of people struggle with this regularly.

A lot of us suffer from limiting beliefs when it comes to money. One of the main reasons is because of the way we grew up. We have to remember money is just a tool, and it doesn’t need to be hard. Today’s co-host aims to put us at financial ease, today’s co-host is Whitney Hansen of The Money Nerd Podcast.

We talk Money and more on this episode:

[spp-timestamp time=”5:34″] How Whitney got into personal finance
[spp-timestamp time=”6:26″] Paid off $30,000 of student loans in Ten Months
[spp-timestamp time=”8:17″] Working two jobs for two years
[spp-timestamp time=”8:48″] Office space
[spp-timestamp time=”10:59″] Being disciplined and living a minimal lifestyle
[spp-timestamp time=”14:13″] Being busy stops you spending
[spp-timestamp time=”16:08″] Identify where you are spending in the wrong areas and start spending heavily in the right areas.
[spp-timestamp time=”18:23″] You should have multiple savings accounts, one for your emergency funds, maybe one for the upkeep of your car or a vacation fund
[spp-timestamp time=”19:07″] Profit First
[spp-timestamp time=”20:22″] There are two types of people when to comes to money. Those who don’t want to think about their money, they just want everything to happen automatically and there are those who want to manually move the money between accounts
[spp-timestamp time=”22:00″] Embrace who you are, recognize your strengths and short comings but don’t ignore them.
[spp-timestamp time=”22:29″] Your a saver or a spender
[spp-timestamp time=”26:25″] Money is just a tool
[spp-timestamp time=”28:05″] Taking control
[spp-timestamp time=”33:06″] Make money matter
[spp-timestamp time=”34:45″] Limiting beliefs when it comes to money usually comes from the way grew up.
[spp-timestamp time=”41:40″] Budgeting and checking in with yourself
[spp-timestamp time=”44:44″] The snowball effect
[spp-timestamp time=”45:25″] Give yourself a little win
[spp-timestamp time=”46:41″] Vision boards and VAK – https://en.wikipedia.org/wiki/Learning_styles
[spp-timestamp time=”51:16″] Bikini model and we talk about the book “Quarter Life Crisis”
[spp-timestamp time=”58:01″] About The Money Nerds Podcast
[spp-timestamp time=”60:40″] The power of Podcasting
[spp-timestamp time=”64:17″] Money Nerds Podcasts shares best practices and tips
[spp-timestamp time=”67:51″] If you are a business owner, Set 10% of your revenue, not profit aside for conferences or courses. This budget is for continuing education
[spp-timestamp time=”68:50″] Going to events and moving away from your home office and start networking
[spp-timestamp time=”70:45″] Personal Branding
[spp-timestamp time=”78:03″] Money. Don’t make it too hard
[spp-timestamp time=”83:18″] Final Words

[spp-tweet tweet=”Your financial life impacts your entire life. It’s not just a piece. It is all intertwined – Whitney Hansen on LIVETHEFUEL.com/018″]

Links and Resources

People Mentioned

Final Words

Your financial life impacts your entire life. It’s not just a piece of your life. It is all intertwined. As soon as you figure out how to manage your money and it does not need to be difficult, the sooner you can figure out that process. The better the quality of life is going to be. Make sure you are prioritizing that and you are doing the research you need to make sure you understand how your money works.

Action Steps

Thank you for listening, please take a few minutes to Submit an iTunes Show Rating & Review, we love 5 Stars!
Join THE FUEL TANK on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Follow us on all of social media @LIVETHEFUEL – “Keep Living The Fired Up Epic Life everyone!” #livethefuel

The post 018: Geeking with the Money Nerd Whitney Hansen appeared first on LIVETHEFUEL.