http://financialexcellence.net Normal is Broke and in Debt. Choose to be WEIRD. Be DEBT FREE! Sun, 05 Feb 2012 03:54:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://feeds.feedburner.com/financialexcellence/XEgm Embracing Debt Free Living and Building Wealth the old fashioned way - by working hard and saving money! Tips and Tools for L.I.F.E. - Living In Financial Excellence Matt Wegner clean Matt Wegner matt@mattwegnercoaching.com matt@mattwegnercoaching.com (Matt Wegner) Copyright © 2011 Financial Excellence, all rights reserved Where L.I.F.E. and Money Come Together money, financial freedom, career, small business, investing, budget, debt, free, credit, budgeting, business, finance http://financialexcellence.net/wp-content/uploads/powerpress/Podcast_Cover_Art-217.jpg http://financialexcellence.net TV-G Financial Excellence Studios, Sheboygan, WI Weekly http://financialexcellence.net/080-financial-excellence-buy-a-boat-or-buy-a-house/ http://financialexcellence.net/080-financial-excellence-buy-a-boat-or-buy-a-house/#comments Tue, 04 Oct 2011 16:52:28 +0000 Matt Wegner http://financialexcellence.net/?p=43963 Continue reading →]]> http://financialexcellence.net/080-financial-excellence-buy-a-boat-or-buy-a-house/feed/ 9 buying a boat,buying a house,debt snowball,emergency fund,Financial Excellence,judgments on debts,life insurance for kids,paying off debt,term insurance,whole life in,whole life vs term life insurance Episode 80: From the Mailbag: Should I Buy a Boat (and more) Oct. 4, 2011. Today Guest Steve Stewart from Money Plan SOS joins me to answer questions from listeners about buying boats, life insurance for children, Episode 80: From the Mailbag: Should I Buy a Boat (and more) Oct. 4, 2011. Today Guest Steve Stewart from Money Plan SOS joins me to answer questions from listeners about buying boats, life insurance for children, and where debts with judgments fit in the debt snowball. Don't forget: Living In Financial Excellence airs LIVE every Tuesday at 10 a.m. CST. You can watch live and join the chat at financialexcellence.net/live-show Show notes: Rita wrote in with a question about a whole life insurance policy on her daughter. She wants to know if she's wasting money on whole life insurance or if she should buy term insurance for her daughter. Matt called in a question about old debts with judgments on them. He wants to know if he should pay them first when he saves up a little money or if he should work the rest of his debt snowball first. Dave Ramsey's advice on debt doesn't make any sense either. That's because his advice isn't based on math or current financial philosophies. It's based on emotions, behaviors, and the advice you'd find in the Bible. My favorite question for the day came from Jackie. She and her husband are debt free and currently renting a house. They live near Lake Michigan and love to spend time on the water. Jackie wants to know if they should buy a house or if it's ok to keep renting so they can buy the boat they want to live the lifestyle they want. They also have retirement and college savings in place, and her husband earns a great income. You can influence what we talk about in future shows. Simply fill out this three-minute survey. Like what you hear? Visit the iTunes store and leave a review or leave a comment below. Or call our listener feedback line and leave a voice message that we can share on the air. As always, we appreciate your feedback!   Matt Wegner clean 49:31 Join the forum discussion on this post Episode 80: From the Mailbag: Should I Buy a Boat (and more) Oct. 4, 2011. Today Guest Steve Stewart from Money Plan SOS joins me to answer questions from listeners about buying boats, … Continue reading → http://financialexcellence.net/054-financial-excellence-how-to-kill-credit-card-debt-fast/ http://financialexcellence.net/054-financial-excellence-how-to-kill-credit-card-debt-fast/#comments Wed, 06 Apr 2011 11:40:12 +0000 Matt Wegner http://financialexcellence.net/?p=39849 Continue reading →]]> http://financialexcellence.net/054-financial-excellence-how-to-kill-credit-card-debt-fast/feed/ 2 balance transfer,credit card,debt,debt snowball Episode 54: How to kill credit card debt fast: Do balance transfers work? April 6, 2011. Today we answer a question from the mailbag about how to eliminate credit card debt more quickly and whether balance transfers are effective for helping you get o... Episode 54: How to kill credit card debt fast: Do balance transfers work? April 6, 2011. Today we answer a question from the mailbag about how to eliminate credit card debt more quickly and whether balance transfers are effective for helping you get out of debt. Next week's show will be our guest appearance on the Money Plan SOS podcast doing a Real Life Case Study with Financial Coach Steve Stewart. Show notes: April is Financial Literacy Month and we are teaming up with other coaches and bloggers to provide one minute daily videos to help you think about your financial habits and money management skills. Balance transfers sound appealing to save money and work out mathematically but they're not a permanent fix. We share a few tips for speeding up the process of getting rid of your credit card debt. Sometimes you can negotiate lower credit card rates but it depends on your situation. You can influence what we talk about in future shows. Simply fill out this three-minute survey. Like what you hear? Visit the iTunes store and leave a review or leave a comment below. Or call our listener feedback line and leave a voice message that we can share on the air. As always, we appreciate your feedback!     Matt Wegner clean 46:35 Join the forum discussion on this postEpisode 54: How to kill credit card debt fast: Do balance transfers work? April 6, 2011. Today we answer a question from the mailbag about how to eliminate credit card debt more quickly and … Continue reading → http://financialexcellence.net/029-financial-excellence-im-an-idiot-not-a-financial-expert/ http://financialexcellence.net/029-financial-excellence-im-an-idiot-not-a-financial-expert/#comments Wed, 13 Oct 2010 11:00:58 +0000 Matt Wegner http://mattwegnercoaching.com/?p=14197 Continue reading →]]> http://financialexcellence.net/029-financial-excellence-im-an-idiot-not-a-financial-expert/feed/ 0 debt snowball,emergency fund,paying off debt Living In Financial Excellence Episode 29: I'm an Idiot, Not a Financial Expert. Oct 13, 2010. - Sometimes people disagree with the message we teach. We talk about the non-believers in today's show, plus we answer some mailbag questions from a listener. Living In Financial Excellence Episode 29: I'm an Idiot, Not a Financial Expert. Oct 13, 2010. Sometimes people disagree with the message we teach. We talk about the non-believers in today's show, plus we answer some mailbag questions from a listener. Show notes: - I taught some controversial classes during Money Smart Week last Tuesday and Thursday. The information I presented was so controversial that some people not only argued with me but they actually walked out. That's fine with me because I knew the people that were left in the class were there to learn and were ready to receive the message! - Listener Terry asks what to do if you have a major emergency before your emergency fund is fully in place. - We answer another question from Terry about saving money while you are building up your emergency fund. - When broke people make fun of the way you manage your money, you're doing something right. What are you doing to make broke people turn up their noses at you? Leave a comment and let us know! Like what you hear? Visit the iTunes store and leave a review or leave a comment below. Or call our listener feedback line and leave a voice message that we can share on the air. As always, we appreciate your feedback! Matt Wegner clean 44:56 Living In Financial Excellence Episode 29: I’m an Idiot, Not a Financial Expert. Oct 13, 2010. Sometimes people disagree with the message we teach. We talk about the non-believers in today’s show, plus we answer some mailbag questions from a … Continue reading → http://financialexcellence.net/should-i-save-money-while-paying-off-debt/ http://financialexcellence.net/should-i-save-money-while-paying-off-debt/#comments Tue, 05 Oct 2010 16:01:26 +0000 Matt Wegner http://mattwegnercoaching.com/?p=13482 Continue reading →]]> http://financialexcellence.net/should-i-save-money-while-paying-off-debt/feed/ 0 Dear Matt, While someone is doing their debt snowball should they also be saving money? We completed lesson 3 [of Dave Ramsey's Financial Peace University] and the class is working on their budgets. Charitable contributions of course is at that … Continue reading → http://financialexcellence.net/why-the-snowball-is-the-best-way-to-eliminate-debt/ http://financialexcellence.net/why-the-snowball-is-the-best-way-to-eliminate-debt/#comments Thu, 25 Mar 2010 19:40:51 +0000 Matt Wegner http://mattwegnercoaching.com/?p=1834 Continue reading →]]> http://financialexcellence.net/why-the-snowball-is-the-best-way-to-eliminate-debt/feed/ 0 There are a lot of different theories and systems out there for reducing debt. Some say pay off your highest interest rate first. Some say pay extra on all debts. Some say pay the lowest balance first. Some say invest first, then pay extra on debts. Some say the opposite. Which one is best? I prefer the debt snowball technique. Continue reading → http://financialexcellence.net/myths-vs-truths-2/ http://financialexcellence.net/myths-vs-truths-2/#comments Thu, 25 Feb 2010 14:04:06 +0000 Matt Wegner http://mattwegnercoaching.com/?p=1357 Continue reading →]]> http://financialexcellence.net/myths-vs-truths-2/feed/ 0 Consolidating debt works much better for the bank than it does for you. Continue reading →