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EP14: Thinking of Homes, Considerations and First Time Buying -with Seth Worthen

Episode #14: Thinking of Homes With Seth Worthen of Osmond Real Estate




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Seth Worthen HeadShotBio: Seth Worthen was born and raised in Utah County. He graduated from Mountain View High School and is currently attending BYU studying Political Science. He is happily married and is expecting a baby in December. Seth is fascinated by all things real estate!

Show Description: Today Seth Worthen and I talk about the basics of buying a home, preparing for owning vs renting, important costs to consider when buying and maintaining a home, and the proper mindset to be in when you think about buying a home. We also take a moment to talk about the questions you should ask professionals to find the right professionals to work with.

ShowNotes:

  • 1:45 – How to Finance a Home: DownPayments
  • 2:20 – Programs for first time home buyers
  • 4:07 – Positives and Negatives of 0-down options
  • 6:30 – When people say “Buy a Bigger House”
  • 8:10 – More opportunities that come with owning
  • 9:20 – Extra costs to consider that come in buying a home
  • 10:55 – Pre-Qualification, things to know
  • 11:55 – Know your budget before you go in! Emergency Funds, and Wage Considerations
  • 14:45 – A Real Estate Agent That Rents? Seth explains why.
  • 16:05 – Dealing with and finding a strong and competent Real Estate Agent
  • 18:52 – Good People with Good Skills get Good Referrals, because people feel safe and comfortable with you. More Thoughts on Success
  • 19:45 – Deciding where you want to buy your house. “Must Haves” “Would Like” Lists.
  • 24:50 – Getting What You Want From Your Agent – Setting Expectations

Money Maxim

Seth Worthen Money Maxim

“You’re not dating a home, you’re buying it”

“Money is Not the End, And It’s Not A Means To An End. The End Is Your Life Goals”

“Do Your Best, And Money Will Be There”

Action Items

Cognizantly decide to be renting, or to be in a mortgage.

If you’re renting, consider what you want to buy, and why. When? Where is the money coming from to pay for the home? What level of savings do you want/need to feel comfortable, and to afford a downpayment? Would you use a 0-down option if it was available?

Know your budget before you go into buy. Meet with a counsellor or expert (there may be a cost, but it’s worth it!) to figure out what you are comfortable with and what different price ranges will mean on your cash flow and savings.

If an agent pushes you to ‘buy now‘, that’s a warning sign! They should know the market, learn your situation, and never push you to buy until you’re ready. (there’s a difference between pushing you, and helping you to take action you want and are a little nervous about)

Listen to the segment from 19:45 – 22:15. What are your “Must Haves”. What are you “Would Likes” What’s the difference between the two?

Contacts and Links from the Show

Seth Worthen: 385-539-9940
[email protected]

Zillow buy vs rent calculator

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Ep13: Personal Financial Responsibility with Ryan Michler

Episode #13 Personal Financial Responsibility with Ryan Michler

A discussion on Personal Responsibility, Money Self-Talk, and Creating Value.




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Michler-Ryan-Bio-PictureBio: Ryan Michler – 11 years of experience in managing money as a financial planner since he returned from service in Iraq. He created Order of Man to give men a community and resource to become better at all facets of life, from self-mastery to family, from money to contribution, and everywhere in between. Find him on OrderOfMan.com

Show Description: Ryan Michler Founder of Order Of Man, is a Father and Husband. We discuss when to consider getting life insurance, taking personal responsibility for our finances, and relationship mindsets around money. You have to listen to this show, as many of its concepts can’t be read, but must be heard and felt.

ShowNotes:

  • 2:45 – Why and When should you consider Life Insurance?
  • 5:28 – When should you start saving money for retirement/mortgage/x?
  • 6:00 – Ryan explains responsibility and choices we have around money
  • 7:26 – Personal Responsibility
  • 7:37 – An Awesome example of reasonability and sacrifice, My Girlfriend.
  • 8:45 – What “Free” means
  • 9:49 – Why you’re being paid what you’re currently being paid
  • 11:00 – Ryan shares how he has improved his financial situation
  • 12:30 – Being Real and Authentic makes you valuable, solve problems
  • 12:50 – Prudence: Money Relationships with others
  • 14:38 – Money relationships: how you see other people
  • 16:25 – We talk about common misconceptions on spending money
  • 17:00 – Keys to Prudence
  • 19:30 – Side Hustles: How to ‘go-for-it’ properly
  • 21:50 – Growing Wealth
  • 23:11 – How to find Ryan Michler and the Order Of Man

Money Maxim

“Money is simply a measurement of perceived value” -Ryan Michler

MM32 - OrderOfMan
Becoming More Valuable To More People = More Wealth

Action Items

There’s nothing inherently wrong with spending money, but make sure you’re setting some aside for a rainy day, or in the case of a disaster like loss of a job, or a medical surprise, or an unexpected car accident or water heater breaking.

Create a mindset of saving, it carries on. Even if its $50 a month, start saving something now!

If you aren’t meeting your financial goals. Find a solution: be proactive in finding a better job, or finding a job, or working enough hours to make the money you want.

Avoid the perfectionist mentality: It’s impossible to be perfect, so don’t expect it. It’ll make finding work and becoming stronger and better easier.

When you become a parent, or get a mortgage, or another factor comes up where you have a financial responsibility left undone if you were to pass-away. Consider insurance and look at if it’s prudent to get

If you’re starting or considering a side-hustle. You must commit. No dabbling, or ‘trying’. Set high expectations of what you’re going to put in, and expect it to take longer than you think it’ll take.

In your business, Consider what the tactics are that you need to implement every day to make it work? Share them in the comments below!

Write out your thoughts on what you are doing and what you need to do to be a better catalyst in creating wealth and value. What is a catalyst? How are you a catalyst? What one skill could you improve upon? Who can teach you that skill? Who is your accountability partner you’ll report to on your progress? Drop a line in the comments below!

Listen to an episode of order of man, http://www.orderofman.com/about/ I encourage EVERYONE to listen to his podcast.

Contacts and Links from the Show

OrderOfMan.com

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Ep12: Risk Management – A Military Perspective with OroTactical

Episode #12 Risk Management – A Military Perspective with ORO Tactical



Show Description: Today, I talk with Park McCumber, the CEO and founder of ORO Tactical. He was trained as a forward observer and has been stationed in Korea, Germany and more. Since his service, this man, both a Vet and active part of the guard, has started his own company, ORO Tactical, and actively uses military risk management techniques both personally and professionally. Park also gives, in the shownotes, and exclusive discount for listeners of FinancialGinger
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Park McCumber of ORO TacticalBio: After Graduating from High School in Sandy, Utah, Parker Joined the Army and served as a Fire Support Specialist in the 2nd cavalry regiment and as a Forward Observer in the 1st Cavalry division. He deployed to Kandahar Afghanistan in 2013 and is currently a Targeting NCO with the 65th Fires Brigade in the Utah National Guard. Parker is a Business Student at Utah Valley University, and the owner/operator of ORO Tactical.

ShowNotes:

The five steps of risk management

  • Identify Hazards and Risks
  • Assess Risk
  • Develop Controls / Preventative measures
  • Implement Controls
  • Monitor Risk and Controls for effectiveness

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