I saw Dave Ramsey LIVE! other other exciting developments...

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Last month I had the awesome opportunity to attend a coach training event with 180 financial coaches.  Enrichment 2018 was held in Nashville at Dave Ramsey’s Headquarters!  Above is a photo of me on a coach’s panel sharing some of my professional experience and knowledge with my fellow coaches.  I promise you I spoke but this was the best picture I have of the entire panel... :) It was exciting to be back in beautiful Nashville and exhilarating to attend a training led by the top finance guru in the country! 

Here’s why this means so much.  Nearly 19 years ago my husband, Chris, found Dave Ramsey on the radio while driving to work.  We were deeply in debt at the time and making dumb financial decisions.  When Chris began to listen to Dave and shared what he learned with me, our eyes were opened.  We were tired of being broke people who went to work and faked it every day. Routinely I thought that I made too much money to have nothing to show for it.  Finally, we decided to host a Financial Peace University class and invited all our friends to join us.  Over the next 5 years we paid off nearly $100,000 in debt!!  Because of that experience I wanted to help other people do the same thing.  In 2005 I started Tailor-Made Budgets and went to Nashville for official training in 2006.  I travelled back in 2010 for an Enrichment training experience just like this one but I haven’t seen that beautiful green Tennessee landscape since then.

I’ve been in the trenches of coaching for 13 years and have worked with hundreds of clients, but everyone needs to refuel, enhance their skills, and sharpen iron with like-minded individuals.  That is exactly what this training did for me.  Since I’ve been in the game for a while, I was asked to be on a panel of coaches and share some best practices that have made a difference in my coaching business.  What an honor that was!  It isn’t every day that you have the opportunity to be on the same stage that Dave Ramsey teaches on!  We also had some amazing sessions with Christy Wright, Chris Hogan, Donald Miller, and Dr. Henry Cloud.

There is no way I can sum up the entire training experience in one blog post, but I will share a few highlights that stood out to me while at Enrichment 2018.

  • Be intentional in everything you do.  If you think you can wander around and reach goals you are wrong.  You must prepare and then ACT.  - Dave Ramsey
  • Create goals centered around your career, social, financial, spiritual, physical, intellectual, and family aspirations.  If you ignore any one of these areas it will affect another.  - Dave Ramsey
  • People are watching you so always live with integrity.  - Chris Hogan
  • Learn from your mistakes and adjust where necessary to serve people better.  Be authentic in the process.  - Chris Hogan
  • Confidence is a muscle.  The more you use it, the stronger it becomes.  - Christy Wright
  • Good supportive relationships are an essential component to building better boundaries.  - Dr. Henry Cloud, That is what I strive to provide in each coaching session. 
  • A coach is a guide, cheerleader, and mentor not a superhero.  It is my job as the coach to make YOU the hero of your own winning financial story.  - Donald Miller

I’m definitely attending Enrichment 2019 next year and I can’t wait to see what nuggets I will bring home then.  For now, I’d love to help you reach your fullest financial potential.  If you are interested in…

1.      Getting unstuck financially

2.      Understanding the best path to debt-freedom

3.      And avoiding money pitfalls

… reply to this email or check out my calendar here to find a 30-minute time to chat that works for you!

Stay in the driver's seat

As Dave Ramsey would say, “Debt is dumb and cash is king!” And… we’ve all done dumb! 13 years ago my husband and I woke up. We found ourselves in lots of debt and no plan. Dumb! Creating a plan for your money and being an advocate for your freedom is what I call “Staying in the driver’s seat”. We used our budget and debt reduction plan to get free. However, sometimes you need to steer multiple cars in order to win. Here’s what I mean. As I’ve been working with clients lately, I’m noticing that creditors are becoming more aggressive. Many are using unfair and low ball tactics to get their money. They are unpredictable, but you must stay 3 steps ahead of them to keep control of your vehicle.

If you have old or unpaid debt hanging out there, here are some suggestions: 1. Create a budget and know how much money you have to work with on a regular basis. 2. Do your best to get and stay in touch with creditors. Lack of communication can lead to misunderstandings and garnishment. One of my clients paid nothing for years and then tried to settle the debt repeatedly when she had the cash. Because no agreement was made quickly the collector garnished wages. 3. Pay your creditors something. But, when you do ensure this is an agreement they accept. One of my clients faithfully paid what she could afford and the company still seized her assets because they had not agreed to the amount she was paying. It is important to get any agreements in writing. 4. Keep some cash at home. You want to always have money that no one can touch. In the event of an emergency you have something to catch your fall. 5. Do your best to keep any debts from going to an attorney. Work out payment arrangements prior to it going that far. At least that way no attorney fees are involved.

There are no guarantees in outcomes when dealing with creditors and old debts because each company handles these issues differently. But with a plan you are at least ahead of the game. When you stay in the driver’s seat you are rational enough to make good decisions and follow through. If you need help getting your plan together and sticking to it give me a call.

Financial Fitness at Work

When I worked in corporate America, my husband and I had a lot of debt! We started our marriage with $60k and it climbed to nearly $100k in a few short years. We desperately needed someone to educate us on how to get out of this hole. We felt alone and didn’t know who to turn to. We were also naïve about the process of getting out of debt. Simply put, we were young and stupid! One day the light bulb went on when we listened to the Dave Ramsey Show on the radio. For the first time, we felt inspired about money management and we gained a little glimmer of hope. We began to read books, take classes, and even talked with other people about money matters and debt. The more knowledge we gained the more excited we became about our financial future!

Dave Ramsey however, is in Nashville, TN. He won’t sit down with you and help you work through your personal budget and debt reduction plan. In addition to that, neither of our workplaces provided this insight, education, or push to succeed with money. Sure, you could learn about your 401k or health care options, but who would teach me about getting out of debt at work? No one!

Wouldn’t it be nice to go into work and sit down with your personal coach for an hour to work on your finances right there on site? Or how would it feel to attend a financial workshop on your lunch hour.  You would feel that your employer cares about these issues and is willing to provide you with the resources to truly get free, wouldn't you? 85% of American workers would love their employers to provide financial education as a benefit to them, however only 20% believe they will get it.

This is why I have created Financial Fitness at Work! Maybe your employer hasn’t helped you up to this point but now Tailor-Made Budgets can be the resource you’ve needed all along.  If you want to see this life-changing information available at your workplace, email me.  To find out more about the program click here…

Give a little this Christmas

Often times I am asked how we (my husband and I) managed Christmas when we were heavily in debt.  People want to know what is reasonable to spend and should they spend anything while climbing their way out of debt.  People also don’t want to experience guilt if they do choose to celebrate the holidays by spending some money. I will tell you the truth.  I did have Merry Christmases along the way.  We were never extravagant, but we also didn’t say “no” altogether.  I believe in balance.  Yes, I know that Dave Ramsey says “beans and rice, rice and beans,” but I am of the mind that too many beans can give you gas… J  Who wants an upset stomach after the holidays that includes regret or sadness unnecessarily.  If you can pay cash to buy gifts for those you love, then I love it!  If you can’t pay cash, then I have a problem.  Don’t go into credit card debt for the holidays because that does produce a pain in the neck in January!

For the last 10 years Americans have spent and average of $800 for Christmas according to www.gallup.com.  I can honestly say that my family has spent less than that every year even after we got out of debt.  Use this as a gauge but don’t let outside circumstances affect how you choose to celebrate.   Here are some fun suggestions that make Christmas, Chanuka, Kwanza, and the New Year fun but don’t break the bank.

  1. Bake your gifts – I love to receive homemade desserts and I’m sure others will too!
  2. Send pictures of your family – That is often what people want any way is to see you!
  3. Give a donation – So many people have less than you right now.  So give a coat, food, or money to an organization that helps others in need.  This reminds us of our blessings.
  4. Give your time – Who said a gift had to come in the form of spending?  Volunteerism is a lost art!
  5. White elephant gift exchange - Everyone buys a fun, inexpensive gift and you make a game out of exchanging them.

Now is the time to get creative with your plan for freedom.  Remember why you are celebrating.  Remember whose birthday it is.  Dream about all the possibilities the New Year brings.  Don’t make Alka Seltzer a part of your Christmas dinner.    Merry Christmas!