Don’t Fall Victim to Financial Complacency

“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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GF¢ 034: I Hate Budgeting. YNAB to the Rescue!

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In case I have not made this abundantly clear on the blog – I HATE budgeting.

Did I make that clear enough yet? :)

Seriously, I would rather change 24 poopy diapers than to sit down and hammer budget.

Luckily, there are guys like Jesse Mecham who aim to make budgeting cool.

Is that really possible?  Jesse would like to think so.  :)

Here’s an interview with Jesse that further explains what YNAB is and how it can help with your budgeting needs.




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5 Financial Lessons I Learned from CrossFit

This post come to you from Ryan Michler from www.wealthantomy.com. Turns out Ryan is just as obsessed with Crossfit as I am.  I’ve been doing Crossfit since 2005 when I was deployed to Iraq and absolutely love it.

It has helped improve my overall fitness and also carried over positive influence into other areas of my life.  When Ryan offered to share how Crossfit has improved his fitness as well as teach him important financial lessons, I couldn’t wait to share it on the blog.

Enter Ryan…..

financial lessons I learned from crossfit

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52 Week Money Challenge – How to Easily Boost Your Savings to $1,378

Raise your hand if you know you should have more in your savings account.

Don’t worry, you’re not the only one.

Bankrate earlier reported that over 75% of Americans don’t have enough cash savings to cover their expenses for 6 months.

27% don’t have any savings at all!!

#ouch

Before I got married, I had very little cash.   I was (and still am) a spender.

After my wife and I tied the knot I think we maybe had a whopping $500 cash in the bank.

52 Week Money Challenge

While I was deployed to Iraq we made a conscious goal to boost our savings.  Our 1st goal was $1,000 inspired by Dave Ramsey’s Baby Steps.
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30 Financial Rules That Every 30 Year-Old Should Know (or risk going broke)

The BIG 3-0. 

The age that you’re really an adult.  In your 20’s, you could still swing being a bit immature.

Once 30 comes it’s game over.   And now that I’m 35….

Dang! Am I really 35?   <sigh>

Halfway through my 30’s and I’ve been rocking it the best way I can.

As a result, I’ve had some time to reflect on the things I’ve done right — and things I’ve done wrong  <<— trust me… there’s been plenty of wrong.

Living as a 30-something brings a lot of new and interesting financial challenges.

financial rules for 30s

You are probably making more money now than you ever have before, but you also have more challenges.

A couple of things we’ve dealt with is having more kids, building a home, changing careers, starting new businesses, and dealing with loss.

And this decade is one in which the thought of retirement and other financial issues becomes a little more “real.”

Whether you are about to turn 30, or whether you are heading into your mid-30s, now is a good time to review the following 30 financial rules for your 30s:
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100 Ways to Make $100 Fast

Free cash rocks!

Walking through a parking lot I one time stumbled upon a $20 bill.

Before I snatched it up I looked up around almost waiting for the hidden camera crew to jump out from the bushes to yell “Gotcha!”.

They didn’t and I was $20 richer. Score!

That is the only time that I’ve ever came across some quick cash.

Everyone needs some cash in a hurry from time-to-time.

Knowing that, I thought it would be fun to put together a post that outlined 100 ways you can make $100 fast.

100 ways to make money fast
Out of the 100, you should find at least a few that you can do any time you need extra cash.

Bookmark this page so you can refer to it anytime you need money!

InboxDollarsYou can earn free cash by changing your search engine to InboxDollars. You’ll get a free $5 bonus when you sign up! This will take a bit longer to get you to $100, but it’s still easy money by using their search engine, watching videos (seriously), printing coupons and a variety of other things. Plus, you get $5 just for signing up (just name and email address) by clicking here.

Another way you can earn free cash by doing what you’re already doing online with Swagbucks. With Swagbucks you can earn cash by doing surveys, answering polls, and playing games on their site.

One man’s trash is another man’s treasure – Selling your junk

One of the best and easiest ways to make money fast is by selling what you have – or that you can acquire on the cheap. It also has a secondary benefit in that it keeps the clutter in your life to a minimum.
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