4 Secrets to Financial Health - Finance Action Plan - Part 2

Welcome to The Finance Gym Action Plan for a Better Life with Money video series.

If you’re ready to not just know better but do better, you’ve come to the right place and today I’m going to share with you the secret to financial health.

The secret to financial health is earn more, spend less, save more, and don’t debt. That’s it. Simple. If you can do all four of those things consistently, you’re not going to have any money problems at all.

But you probably wouldn’t be watching this video if you do all four of those things consistently. So we’re going to delve just a little bit deeper today. If you’re following along in the book, I want you to turn to page seven, chapter one, and if you don’t have the book, that’s all right. Grab a pencil and a piece of paper and we’re going to write a few short paragraphs about a few questions.

So, one of my great beliefs is that we spend so much time looking at numbers when we try to fix our financial problems. We don’t really connect with our feelings and our thoughts and our beliefs around it. So I like to have people write down what they think about their saving, their earning, their debting or not debting.

So on each of the four pieces of secret of financial health, I want you to answer these questions. Thinking about the last year, how was your earning? And about the last year, how was your spending?

I also want you to write a short paragraph about your savings. Did you save? Did you use your savings or would your short paragraph be two words like mine would have been years ago. What savings?

And then of course debt. Write a short paragraph about how your debt was over the last year. Were you chopping it down? Were you growing it or you just don’t have debt? If you don’t, write a really great paragraph about that and pat yourself on the back.

Last but not least I want you to back up and look at the big picture and write the short paragraph just about your overall feelings about how you and your money are.

Hope you learned something by the power of putting pencil to paper today and remember, you don’t have to do this alone. In my Date Night with Your Money chapter, I talk about the power of tackling your next money to-dos as a part of the community.

How to Save Money & Get Out of Debt - Action Plan - Part 1

Welcome to the Finance Gym Action Plan for a Better Life with Money. If you’re ready to not just know better but do better with your money, you’ve come to the right place.

Today is the first video in the series and because it’s the first one, we’re going to talk about beginnings. My financial beginning and then I’m going to ask you about your financial beginning.

So I’m just going to start out by speaking the truth. My journey with money, my path of writing this book and doing these videos is that I was in a complete financial mess and could not pull myself out of it with all of my professional financial knowledge.

I had a dirty little secret that literally no one, not my best friend, no one in my family, no one knew. I filed bankruptcy. It was my secret. There’s a lot to the story I could go into but that’s the truth. I don’t think I need to say anymore.

My financial life was that messed up and it should have gotten better after that and it did a little bit but it didn’t get better like it should have and that almost made me more ashamed that I couldn’t pull it together after wiping away a portion of my debt. I had portions of my debt that I couldn’t wipe away with bankruptcy and every time I want to just get into the story, I remember, you know, we can’t live in our stories. My whole point of what I teach and what I did to make my money life better was to just do it, to just do better, to ask for help, find somebody. Pull up a chair with them and do it with them. If you can’t do it alone, do it with somebody else.

So my question to you is, “What’s your beginning? Why are you listening to this video? If you’ve bought the book and started reading the book, why did you buy the book? What do you want to accomplish? What are your dreams around money?”

You don’t have to do this alone. In one of the chapters in the book, Date Night with Your Money, I talk about the power of tackling your next money to-dos as part of a community. If you want to be a part of our community, subscribe to these YouTube videos or join our Facebook group. Have a great day.

- Stacey Powell

Finance Gym offers personal finance coaching in professionally facilitated peer-advisory groups.
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