How to be Financially Confident and Own Your Money Like a Boss

When you’re struggling with money, financial confidence is usually nowhere in sight.

This could very easily lead to spiraling out of control and getting yourself into a worse position with your money.

How can you gain some financial confidence even when you’re not sure how you’re going to be able to pay your next bill? I’ll show you.

Perhaps your situation isn’t so dire, but you’d like to build some wealth. You’re tired of the mundane and you want to thrive, baby!

financial confidence
Whatever your situation, you can gain financial confidence by following three principles. Soon, you’ll find some financial stability.
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9 Lessons I Will Teach My Kids to Become a Millionaire (like their dad)

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Every good parent wants the best for their kids. I’m certainly no exception.

I have three boys. Between them running around and playing with each other, I try to teach them some lessons. Why? Because I want to ensure I give my kids every chance possible at following in my footsteps to become millionaires.

I’m not one of those parents who will demand that their children attend an Ivy League college or start a business because I think it’s the best thing for them to do.

Instead, I’m going to try and model some best practices and habits that will hopefully influence them to strive for success in every area of their lives.

teach your kids to be millionaires

And when they get knocked down, I’ll teach them to get back up.

If you have children, I’m sure you can identify with these reasonable ideals.
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6 Qualities of the Ultimate Financial Battle Buddy

When I first arrived at basic training I was assigned a battle buddy. Every soldier was.

A “battle buddy” was an individual that we had to know everything about. We had to know where they came from, where they were born, if they had any siblings, what their favorite food was, how they lost their virginity, and if they liked tacos with or without onions.

They expected that we know all this and we would constantly be quizzed by the drill sergeant insuring that we took the time to get to know our battle buddy.

The battle buddy was also responsible for making sure that we were in formation on time, we were wearing the right uniforms, that our canteens were filled, that our bunks were made to the drill sergeant’s satisfaction, and that our boots were shined. If either one of us didn’t meet any of these standards then we were both punished.

It was brutal.

The significance of having a battle buddy was important, though. If you should actually be sent into battle you would want to make sure you could depend and count on that soldier to be there for you. You should be able to count on them when you when you need them and know that they will always have your back no matter what.

financial battle buddy

In relationship to your financial life it’s important to have a similar type battle buddy, especially if you are trying to get out of a low spot like getting out of debt. It’s difficult to get out of debt especially without having some sort of battle buddy that leads you through the trenches.

The total opposite of a battle buddy is what we call a “blue falcon” (also called a “buddy fudger”). Blue falcons are those who only cares about themselves and would often get the platoon in trouble. Think of the movie Full Metal Jacket. Private Pyle is the epitome of a blue falcon. We had a few of those in basic training and I had to complete many pushups because of them.

It’s important to make sure that your battle buddy is a true battle buddy and not a blue falcon who will encourage you to spend your retirement away on things you don’t need.
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20 Financial Rules for Your 20s

In my early 20s, I made a ton of financial mistakes.

From maxing out credit cards, taking unnecessary student loans, to delaying my savings, I got off to a rocky start.

I sometimes wonder how I even have anything to my name.

Now into my 30’s, what I wouldn’t give to go back to my 20 year-old self and try to talk to sense into him.

But since I know myself rather well, I’m pretty sure I wouldn’t have listened.  Ha!

financial rules for 20 year olds

You don’t have to get off to a rocky start, though.

These 20 rules for finances in your 20s should help you get things in order before you head into your 30s:
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Radius Bank’s New Hybrid Checking Account Offers Nice Perks

Do you find yourself transferring money back and forth between your low-interest brick-and-mortar checking account and your high-interest online savings account? It’s understandable. After all, who doesn’t want to earn the most on their money and still have access to all that online checking accounts have to offer?

But here’s the thing: transferring money is a pain. I much rather be spending time with family than worrying about my account balances or the interest I’m earning. I’m sure you’re in the same boat.

Radius Hybrid checking

What if you didn’t have to transfer money and could still get an awesome interest rate? It’s now a reality folks, and it’s called Radius Hybrid – a new all-in-one checking account from Radius Bank.

Let’s take a closer look.
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GF¢ 054: Don’t Fall Victim to Financial Complacency

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“Whatever you do, don’t become complacent to your surroundings.”

That was a warning that we all received prior to being deployed to Iraq in 2005.

We heard it from our pre-deployment trainers. We heard it from our higher ranking officers. We even heard it from our family.

Don’t become complacent to your surroundings.

The second part of that warning that often went unspoken – but was clearly understood – was “because if you do, that’s when the enemy will get you.”

Becoming complacent is sometimes too easy. You get comfortable. You get into a routine. You think that it can never happen to you.

When you reach that state, that’s when you’re the most vulnerable. I’ve been a financial planner for over 10 years and I see this in people’s financial lives.

They become completely financially complacent jeopardizing any hope of having financial stability and achieving success.

financial complacency

The good news is that often times there are little things that can be done to get them fixed.

Here are the five most common financially complacent things I see people do and how to fix them.
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40 Financial Rules For 40 Year-Olds

Every decade of life has its financial challenges and opportunities.

In your 20s, you feel invincible.

Your 30s brings on a whole new set of responsibilities including career and family.

However, your 40s are especially important because you are closing in on retirement.

Making a huge money mistake in your 20s isn’t nearly as devastating to your long-term prospects as doing so in your 40s.

Now that you’re scared spitless, here are 40 financial rules for your 40s:

Financial Rules for 40 year olds
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How to Discover Your Financial Grit

You might be under the illusion that financial success is all about smarts.

Nope. Think again.

You can be the smartest mathematical guru in the world and find yourself broke.

Why is this?

Don’t all the smart people get the best-paying jobs and a Lamborghini or two?

Isn’t it the smart people who can shrug their shoulders at briefcases full of cash because their portfolios are too big for the hassle of making the deposit?

Financial grit

Well, not exactly.

I’ll let you in on a little secret.

You know what the secret sauce is to financial success?

It’s grit, and I’m going to show you how to get it.

What’s Grit Anyway?

Look it up in the dictionary and you’ll find words like courage, resolve, strength, and character.

I don’t know about you, but when I hear that someone has grit, I picture a tough, rough war hero pressing forward despite unspeakable odds.

I picture a weathered sailor in the perfect storm riding the crest of a 100-foot wave destined for glory. I picture someone who doesn’t stop even in the face of danger or failure. I picture a Soldier of Finance.  😉
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12 Ways to be Richer a Year From Now

Without even knowing you I’d be willing to bet that the New Year’s resolutions you made at the beginning of the year didn’t materialize.

There’s no point agonizing over that – it’s what happens to most people.

But you can do something about it.

Here are 12 ways to be richer a year from now. You don’t have to do them all, of course, but accomplishing just a few could make a big difference in your life a year from now.

ways to be richer a year from now

Even more important, the financial goals you achieve this year will set the stage for even greater accomplishments next year.

The most important step, as always, is to get started.
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15 {Surprisingly Simple} Money Saving Tips for Families

Before we had our first son I was terrified on how much it was going to increase our monthly expenses.

We were decent at managing our finances, but I suddenly felt that I had holes in all my pockets and all our money would just fall off into the new baby abyss.

I’m sure other families feel this pinch and are constantly looking for ways to save money.

While it’s rare eliminating a single expense will give you control over your finances, you can usually save a lot of money by combining savings from several different directions.

money saving tips for families

Try some of the following money saving tips and use them to take charge of your budget.
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27 Signs You Are Financially Stable

“How do you want to pay for it?”

I had recently returned from Iraq and my wife and I were hunting for a couch for our new home.

We found one that was on sale we both thought it was perfect.

Okay, it was a red couch and she thought it was perfect. I, personally, didn’t understand why anyone would buy a red couch but apparently I didn’t understand home decor. Nonetheless, the wife’s vote trumped mine.

When the sales clerk asked how we wanted to pay suggesting we take advantage of their great in-store financing, an exciting thought ran through me – “we can pay cash”.

A year prior, that wouldn’t have been an option.  Not even close!

But now we found ourselves in a very exciting position; we were financially stable.

how to be financially stable

I can’t say that I 100% believed we were financially stable at that point in our lives, but it definitely was a turning point for us.  Not only could we pay cash, but we also had money left over.

People often spend most of their lives chasing financial stability. But is it possible that you may already be financially stable?

Here are 27 signs that you’re financially stable – already! And if you’re not, you can start working to make a lot of these a reality in your life.
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29 Actionable Financial Tips That Millennials Need to Take Right Now

Hey you, Millennial. Listen up.

Millennials are sometimes seen as the unfortunate generation.

It often seems that the Baby Boomers have taken the best of what’s available, while Generation X is always standing in line just ahead of the Millennials.

If you’re a Millennial yourself, there’s nothing to be gained from feeling cheated; it just means you’ll have to change tactics and work a bit harder.

IMG - 29 Actionable Financial Tips for Millennials (2)

Here are 29 actionable financial tips that millennials need to take right now.

If you take enough of them, and make them part of your financial plan going forward, you might start finding yourself further ahead, and faster, than you thought possible.

It’s time to show the Baby Boomers and Gen X’ers what’s up!

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