Your accountability team will be more effective when you all are learning and growing. Staying focused on a journey out of debt can take time. To keep the meetings fresh and ensure members find the accountability group useful, locate the right resources that are constantly available. Constantly helpful. And budget-friendly.
I talk through some simple ideas to add resources to the agenda.
To ensure your accountability group is effective and long-lasting, you want to approach it with a plan. Today, I'm sharing tips for running an efficient meeting and elements you should have.
The more details you can nail down out front, the smoother your team meeting will run. We looking for successful groups to stay focused on debt elimination for the long-term.
When inviting potential accountability partners to participate in a money group, you want to nail down a few specifics. This helps people determine if the group is a good fit. I give you three questions to answer.
Remember, the research shows that you are more likely to reach your goals if you:
1. Write them down.
2. Share them with a friend.
3. Review them weekly.
But not every friend makes the best accountability partner. We'll look at three characteristics today to help you choose wisely.
We like to talk about the purchases that make great Facebook photos, but not the strings that come attached. The debt for cars, trips, new clothes, etc.
Not focusing on debt and only on the glitz and glamour of stuff will keep us in a loop of needed new stuff and adding new debt. I'm talking about how a debt-focused approach will break this money taboo and debt's hold on your life.
A financial plan could be as simple as your monthly budget or as complex as retirement planning. Not talking about your plan because you're not happy with it or you don't have one can work against you.
Develop that plan, bounce it off others, and let everyone around you know what that plan is. Whatever you do, don't keep silent.
Money is a sensitive subject. Keeping silent about our questions, struggles, or even successes hurts your, your family, and your community.
I'm advocating starting your money groups, find a money mentor, or join me at DebtFreeDivas.org/transform.
Keep the information flowing.
"My people are destroyed for a lack of knowledge." Hoesea 4:6
I invite you into a private conversation that's been happening for years. I have a number of girlfriends who are open to talking about a tough topic - money.
You'll hear from one of my money mentors and a contemporary in this adventure toward financial freedom.
We also share practical tips to add a money mentor or accountability team to your life. If you were born with a financial planning spoon in your mouth, then surrounding yourself with money mentors is the next best thing.
Why it's so important to open up about what you don't know.
Buying a timeshare is right up there with the dumb things we did to accumulate debt. Of course, we didn't pay cash. We finance the initial cost - $7500. The escalating maintenance fees and poorly managed property made this a miserable decision to make in 20 minutes on a vacation.
Yes, timeshares are a waste of time and resources.
I don't mind sharing my mistakes with money because I know that I've learned valuable lessons. Lessons which have made me smarter with money, more confident in my ability to manage money, and interested in learning all that I can to improve my success with money in the future.
Suffering in silence because we're afraid to admit what we don't know will only hold you back. Learn from my money mistakes. Realize you are not alone!
This week, we're looking at mistakes with money and how we have recovered and learned to do better moving forward. We've all made mistakes. Mistakes with money in the past do not define you.
This week, I'll be sharing how I've learned from my money mistakes. To kick off the conversation, here's a blast from the past. 5 common money mistakes and how we can do better.
A great question from Joanne M. in East Africa. This question - and the answer - are relevant across all international boundaries.
Negative self-talk can wreak havoc on your ability to stay focused on a debt-free goal. Protecting your mental fortitude is vital.
We can talk ourselves out of success and stay stuck in a state of overwhelm simply by letting negative thoughts take over. I have a simple trick to help you get over this hump.
You got this!
When facing daunting tasks or setting stretch goals, fear can slow us down. On this "I have a Word" Wednesday, I will share something that helps me stay upbeat in the face of a challenge or the great unknown.
Complete with a cheesy kid's bob tune (I really like it - I'm into cheese), this Midday Money Show Minute will encourage you to face down fear with a powerful tool in your toolbox.
Retired US Navy General, Navy Seal, and University of Texas chancellor broke the Internet (I guess) when he suggested his #1 tip for helping to change the world was to make your bed.
Hmm??? So mom was right???
From his lips to our ears, the Navy man says this little tip can revolutionize the way we get things done. Maybe it is the little things...
If I can do one thing, it's getting myself back on track. Why? Because I've had plenty of experience. Becoming overwhelmed may be a fact of life for anyone who endeavors to attempt anything meaningful.
Staying stuck in that place is not a requirement.
I'm talking to you from a very personal place because it relates directly to staying focused on getting out of debt. You'll be successful because you don't give up.
I believe that because I've lived it. As I take on new challenges, I hope you can receive encouragement to get back on track or rev up your progress if the energy fades.
If you're living from paycheck to paycheck, putting money aside for savings might seem like a pipe dream. This podcast, originally recorded in 2011 when I had co-hosts, covers tried and true tips for generating extra cash. We need to look no further than the ant as we figure out how to pad a saving's stash before an emergency strikes.
Also, if you want to know what Osama bin Laden can teach us about the need to save, I apparently went there.
Happy New Year.
Yes, we're a month into 2018. Are you still going strong focusing on your financial goals for the year? If not, check out the new format and get quick tips for staying focused on your goals all year long.
Let's make 2018 the year of remarkable success.
Elle Martinez is running an excellent flash sale. Get free access to her course with the purchase of her recent book, Jumpstart Your Marriage and Your Money.
I speak with my good buddy, Aja McClanahan (Principles of Increase) about how she frugals out on Christmas. Magnify Money found that the average person intends to add $1000 in credit card debt this year.
Not necessary. I'm talking about how to avoid the debt and stress so you can celebrate Christmas without taking any new debt into 2018.
Also, join me on December 9, 2017, for the Captial One Cafe Savings Scavenger Hunt to win $500. Another way you can have a debt-free Christmas.
Scott and Bethany Palmer have a combined 50 years of experience working with couples and money. They on a mission to reduce the divorce rate by helping couples work through the fights and stress caused by money.
We talk about money personalities. Knowing yours and learning how to relate to someone with a different money personality just might save your marriage.
Don't fall into this category: 70% of couples divorce due to money fights.
Working efficiently with your spouse where money is concerned in a learned skill. The Money Couple has tips to get back on the same page.
Maarten Van Lier makes his home in Milwaukee, but he traveled from the Netherlands to find the American Dream. In 2000, Maarten’s co-worker made a side comment that started the ball rolling on Maarten’s 13-year journey to millionaire status. This mild-mannered, salaried employee & his wife drew a line in the sand. They wanted to be millionaires in 10 years and he joins us today to describe exactly how they did it.
If $200/month extra would make a difference in your debt dumping progress, let me help you find it. Sign up for a free consultation.
Disclaimer: Maarten Van Lier is not a financial advisor or expert. All information provided is based on his specific situation and offered for information and motivational purposes only. You should seek advice from a licensed investment professional for custom feedback on your specific situation.
I sat down with Jamila Suffront of Journey to Launch and Aja McClanahan or Principles of Increase initially at FinCon, but I needed to re-connect with these women on a mission to learn more about their intentional plans to reach financial independence. We discuss:
Links to all resources are available at DebtFreeDivas.org