October 2012

097 Beyond Your Wedding Day Podcast-Keeping Up With the Joneses

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In this episode of the Beyond Your Wedding Day Podcast, we discuss the Total Money Makeover by Dave Ramsey.  We take a look at Chapter 5: “Ignorance and Keeping Up
With the Joneses.”

2 Ways to contact us and get your question answered on the show: www.mikeyoungcoach.com/feedback

Call us at: 847-780-6632

*No one is born with financial smarts

-Just as we have to learn every skill in life (how to drive, swing a golf club, play guitar), the same is true for handling money

-The biggest problem with our current culture is that we just aren’t taught how to handle money well!

-A huge part of the solution is teaching the information in schools

-Being ignorant does not mean you are dumb.  I am ignorant in many things!

-The key is to have a thirst to find out.  Read books, go to classes, read blogs, listen to podcasts, etc.

-The exact same thing can be applied to marriage as well!

*Keeping up with the Joneses is not a good plan

-Most couples who look like they are wealthy and doing great are flat out broke

-Many of us like to put up a facade that we are “extremely successful”

-The reason we do these things is because we think that having lots of stuff is successful

*a big house, nice cars, perfect wardrobe, etc.

-The truth is that the average millionaire just doesn’t care about those things

-It can be EXTREMELY difficult to stop the facade and start telling people you can’t afford things or that you are selling your house, car, etc.

*It is a major hit to the ego

-Sometimes it’s family (gift-giving, vacations) and other times it’s friends (dinners out, weekend trips) that give us the most pressure to spend when we know we shouldn’t

-The really cool thing is that if you sacrifice now (sell your brand new Chevy Tahoe), you will be able to do whatever you want financially later!

Would you like to work with Mandy and Mike one on one?  Check out the Beyond Your Wedding Day Marriage Prep Course.

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Keeping Up With the Joneses

October 16, 2012

We all do it to a degree.  Your brother-in-law gets a sweet new ride and it makes you want to get a new (slightly better than his) vehicle really bad.  Or your sister goes on and on about how great having a cleaning lady is and it starts sounding like a great idea to you […]

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096 Beyond Your Wedding Day Podcast-Secrets of the Rich

October 9, 2012

096 Beyond Your Wedding Day Podcast-Secrets of the Rich Click Play Below In this episode of the Beyond Your Wedding Day Podcast, we discuss the Total Money Makeover by Dave Ramsey.  We take a look at Chapter 4: “Money Myths: The (Non)Secrets of the Rich.” 2 Ways to contact us and get your question answered […]

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095 Beyond Your Wedding Day Podcast-Why You Don’t Need Debt

October 2, 2012

095 Beyond Your Wedding Day Podcast-Why You Don’t Need Debt Click Play Below In this episode of the Beyond Your Wedding Day Podcast, we discuss the Total Money Makeover by Dave Ramsey.  We take a look at Chapter 3: “Debt Myths: Debt Is (Not) a Tool.” 2 Ways to contact us and get your question […]

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