Money is a Tool: How This Dave Ramsey Coach Teaches Others to be Financial Stewards

Money is a tool.

money is a toolHave you ever heard that phrase before? We seem to think of it as a means to an end. A destination. Or something to just accumulate a ton of and horde until the day we die.

But, no, that’s not a health view of money at all. Money is a tool — a means of exchanging value for value.

Realizing this can do wonders for your financial health. With that in mind, I asked Lauren Rilling of Save, Give & Spend to discuss her views on money. As a Dave Ramsey-trained financial coach and personal finance blogger, Lauren has seen it all.

I believe her personal and professional insights can really help us wrap our heads around the “money is a tool” concept. After all, we’re all here to learn from each other become better stewards of the money we have.

Now, here’s Lauren to enlighten us further on how money is a tool.

Related to “money is a tool”:

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15% of NFL Players are Bankrupt 12 Years After Retiring. Are You Being Smart with Money?

Do you have what it takes to be smart with money?

be smart with money with run the moneyI know that the statistic in the title is shocking. But, that doesn’t make it any less true. For 15% of all NFL players to go bankrupt 12 years after retiring, we are doing something gravely wrong with our financial literacy.

In conducting research for this article, I learned of that statistic from a study on ScienceDirect called “The Psychology and Neuroscience of Financial Decision Making.”  Yes, it’s a bit nerdy, but the thought of NFL players (who many of us aspired to be growing up) blowing millions of dollars because of a lack of basic financial knowledge is incredibly unnerving.

The thought that comes to my mind is this.  If NFL players — and who knows maybe this is representative of many high paid athletes — can’t manage their retirement while earning millions, what chance is there for the rest of us to reach our coveted FIRE goals?

Well, I’m glad you asked.  The truth is that you don’t need to make millions to retire early and live a great life.  Like anything in life, it’s about doing the small (albeit important) things well.  You know the things that aren’t fun, aren’t sexy, and aren’t what all the cool people are doing.

It’s about the grind and the hustle.  You have to learn, implement, fail and correct course.  Then, you have to repeat about a million times.

What you will probably find is that among the 85% of NFL players who aren’t bankrupt, some are on the brink of losing it all, some are mediocre at best, and some are killing it.  Those that are killing it did something similar to what got them to the NFL in the first place.  They figured out the process.

Yes, the infamous process.  Indulge yourself in enough personal development and business jargon like I have and you hear it often: trust the process.  The Philadelphia 76ers even used it as their motto as they were rebuilding their team between 2014 to 2017.

OK, so what is the process?  Well, I’ll lay it out for you below.

But, I’m warning you: it’s not fun.  And it’s nothing earth shattering.  It’s pretty basic stuff.

How willing are you to commit to this process though?  Sure, it may be basic, but living it is a different story.  Let’s dive in.

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7 Ways to Master Your Money by 25

Are you ready to master your money by 25?  First, tell me if this sounds like you.

master your money by 25You just graduated or have been out of school for a few years.  You left school with a thousands in student loan debt.  And you probably don’t love your job, but, hey, it’s why you went to college.  So, you suffer through it.

Any of that ring a bell?

I’m 32 years old as I write this, but I’ve been where you are.  I’ve been confused about the student loan bills coming in the mail.  Wait, I owe how much?

I’ve hated (and still do) being stuck in a cubicle and not being able to see the sunlight.

I left St. Joseph’s University in 2006 (Go Hawks) with $20,000 in student loans.

The difference between you and I is I’m on the other side of it.  I’m you about 8 to 10 years later.  And, guess what, I survived.

If you hang in here with me, I’ll show you how you can master your money by 25.  (Note: If you’re older than that, should you just forget the advice below?  No, read it anyway!  Unless, of course, you want to keep living in the dark about your money).

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Start a WordPress Blog on Bluehost

Starting a blog today has never been easier. In fact, it’s one of the easiest ways to start your side hustle and make extra money for the family. This tutorial will walk you through how to start a WordPress blog on Bluehost.

start a wordpress blog on bluehostBlogging appeals to people for a variety of reasons. Some enjoy the flexibility of being able to work anywhere if they make enough to live on. Others just like to share their thoughts within their niche and network with like-minded individuals.

Whatever your reason is for starting a blog, it’s important that you don’t skip over the basics. If you want to blog long-term, go with a self-hosted option. That’s why it’s better to start WordPress blog on Bluehost than have a generic Tumblr, Blogger, or WordPress.com blog.

Here are the three areas we will cover to help you start a WordPress blog on Bluehost:

  1. Setting up Bluehost
  2. Choosing your domain name
  3. Running WordPress on Bluehost

For those new to the blogging world, I’ve kept things simple here for you. Learning WordPress takes time, so don’t be hard on yourself. The best thing you can do at this point is be willing to learn.

Now, let’s help you start a WordPress blog on Bluehost.

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Making Healthy Choices that Improve Financial & Physical Fitness

Are you making healthy choices in your life?

making healthy choices If you’re like me, you probably improve in one area for a while and then regress.  Then, you try to pick up the slack in another area only to regress again.  It’s a vicious cycle.

And, dammit, it’s down right annoying and frustrating.  Why is it that we can work our butts off to lose 10 pounds for a weeks on end … only to put it all back on over a holiday weekend with the family?

It’s questions like this that plague us with over fitness levels.  But, it’s not just our physical health that suffers.  We need to be making healthy choices in other areas of our lives like our finances, the food we put into our bodies, and even the fun we have that allows us to escape our work lives.

This is why I’m glad I had the privilege to speak with Amy from Life Zemplified.  She’s dealt with these issues in her own life and has empowered others in making healthy choices on a daily basis.

Amy was kind enough to answer some of my questions and I’m sharing those with you below.  As you will see, Amy has a real passion for this and it comes across in her answers.  She shows us how making healthy choices in four key areas in our lives will help us maintain a healthy equilibrium.

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2017 Hershey Color Run Recap

As many of you know by now, I received an invitation to participate in the 2017 Hershey Color Run and received a free registration. It was a tremendous honor for me to run in an event representing Run The Money.  I am very blessed to have the opportunity.

2017 Hershey Color Run With that said, I hesitated to actually go and run it. A number of things factored into it.  The seasoned runner in me hated that the race wasn’t timed.  I get why they do it, but it just bothered me.

Another reason for my hesitation was that my parents were in town with us to take us to Hershey Park. They gave us season passes to take our son and they wanted to come with us this time.  We stayed at the Hershey Lodge from Friday to Saturday.  It actually worked out that the Color Run folks contacted me because we were going to be there anyway!

And, finally, I didn’t want my brand new Brooks Ravenna 8 shoes getting messed up with the powder they throw at you. I was worried about my iPhone and headphones as well.

In spite of my initial reservations, I am so glad I did it. Participating in the 2017 Hershey Color Run was easily one of the highlights of my running career. I mean that wholeheartedly.

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How to Start a Blog using WordPress and SiteGround

Do you want to start a blog using WordPress?  Have something you want to say and share with the world?

start a blog using WordPress Trust me, I understand.  That’s why I started Run The Money.  With the Internet and technology the way it is today, you can start a blog using WordPress and have it up and running in less than 30 minutes.

Sound like a plan?  Great!

There are 3 areas I’ll focus on with you today and that’s the following:

  1. Domain name
  2. Hosting company
  3. Blogging platform

We will keep things basic for all you blogging newbies and non-technical people.  Don’t get discouraged as you start a blog using WordPress because understanding the ins and outs takes some time.  You just have to be willing to learn and put in the time.

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Paying Off Debt: How Danielle Paid off Over $48,000 in Debt

Paying off debt is one of those subjects in personal finance and money matters that never seems to get old.  We’ve covered it a few times on Run The Money — both with my story and the stories of others like reader Jody.

paying off debt I think seeing or reading about others paying off debt has to do with people believing it’s possible for them after seeing somebody else do it first.  Kind of like the sub 4-minute mile.  Until Roger Bannister broke the 4-minute mark in 1954.  Then, other runners saw it as attainable and reached it themselves.

Let me tell you.  Paying off debt — no matter how large — is possible.

Enter Danielle from the personal finance blog, The Pennies We Saved.  She and her husband are in the process of paying off debt totaling $73,000.  So far, they’ve paid off over $48,000.  Not too bad!

She was kind enough to share her story with us and how she changed her life to get her finances under control.  Take it away, Danielle!

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Lessons from Dad: A Tribute to the Fathers that Shape Us

What lessons from dad have stuck with you into adulthood?  That’s the question I have for all of us today.

lessons from dadI realize that in today’s culture it’s acceptable to poke fun at fathers and men in general.  The idiot savant father figure is practically a staple in today’s American family sitcom.  Think Phil Dunphy from Modern Family or Tim Taylor from Home Improvement.

However, whether we realize it or not, the impact of our fathers and the lessons from dad shape us in a way we never truly understand until we’re parents ourselves.  How can we know what it’s like to raise a child when we’re still children?  You have to experience that and so many other things in life to “get” why your dad is the way he is.

So, allow me to explore that today with you.  After all, it’s important to discuss things that go beyond money and fitness.  Why?  Well, our understanding of and mindset behind these subjects are very much impacted by our parents’ behavior.

That’s why I believe it’s important to explore it.  And to do so, I’ll share with you some things that my father and father-in-law taught me.  Further, I’ll also give you a glimpse of what I’ve learned in the 20 months I’ve been a father.

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5 Reasons To Refinance Your Home That Every Homeowner Should Know

Hey RTM fans, thanks for stopping by today. I wanted to share this post with you below from the good folks at MyFinance. Going about the process to refinance your home is a big decision for anyone. My refinance your homewife and I did it twice at our previous house and there so many things to consider. I wanted to make sure everything was covered, so I want to share this post with you today. I believe you all will benefit tremendously from it. Let me know if you have any questions! Email me at RunTheMoneyBlog@gmail.com.

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Why Refinance Your Home?

Millions of Americans are refinancing their homes, but what are the reasons why? Hint: It’s actually less complicated than you’d think.

More and more people are refinancing their homes to solve their financial woes…but why? One reason is that refinancing saves homeowners an average of $4,264/year.In fact, just last year almost 2,000,000 people refinanced their homes to the tune of $749 billion. While many have already taken advantage of historically low rates, there are still 6.7 million homeowners that have yet to cash in on the potential savings.

You see, this opportunity was born out of the 2008 Housing Crisis. The Fed dropped rates to historical lows to fight off the recession and opened a window where many Americans could refinance and save. But recently the Fed has signaled interest rates are about to rise.

That’s why it’s important to see if you could benefit from refinancing, before it’s too late.

So, what should you do if you still haven’t refinanced?

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