About my guest: Emilie is the brains behind Burke Does, inspiring millennial women to live financially, physically, and professionally fit lives. She writes about overcoming debt while balancing trying to eat healthy, stay fit, and have a little fun along the way.
Description: Emilie – BurkeDoes.com and Jacob – FinancialGinger.com talk about the overlapping areas of our lives, the power of self-improvement, and focusing on our person goals and values to create power in acting to take control of our lives both in a financial sense, and an achieve your dreams sense.
Thanks Emilie for being on the show! It was wonderful to have you!
Finance isn’t just Finance, it influences every part of our life.
The Crossfit Open – the practicality of overlapping fitness, finance, and work life.
Life Doesn’t Fit Into Different Silos, It Blends Together
The Power of Reading in Self-Development
Overlapping Our Effort – Overall Wellness
Key to Achieving: Effort and Personal Values
Changing Values and Goals Over Time – Ecclesiastes 3:1 (this was running through my mind the entire episode)
Paycheck Woes – Problems That Could Be Avoided
Actively Working Towards Our Goals – MyToDoLists.me
Goals Forgotten Aren’t Important (Or Else You Would Have Remembered)
What You Value, You Are Already Spending Time and Money On
Why We Identify Our Values
What Your Spending Says About You
Consider your life goals and write them down
Identify your values.
Figure out some actions you can take towards your goals
Develop a method of tracking progress of goals
Take time each period (weekly, or monthly, or quarterly) to review goals and adjust accordingly (less ye forgot)
With your current goals and values, consider do they align? Do your goals match your values
Does your spending match and correlate with your values and goals?
Set a recurring calendar appointment with yourself (weekly, monthly, or quarterly) to review your goals, values, and spending habits, to ensure they align and to set new goals.
My father during his last semester of college told my mom, “Wait… I don’t want to major in business. I want to be a chef”.
Needless to say, he didn’t go to chef school. Many of us spend years bouncing around in majors of college and end up with all this needless classwork.
This is the key to saving both Time and Money in college.
Get the Right Major the First Time
This is easier than it sounds. First, you need a vision. If you don’t have one, use this nifty little template. (Jokes, that’s a link to my article about writing a vision statement)
But seriously, the most important thing in deciding your major is knowing who you REALLY are. Who are you? What makes you tick? Figure that out.
Here’s the process:
Lists about you
Have 1 “figure-it-out” semester
This is the process I used to break into my major quickly. The reason it’s so good in saving you money is because of the time you spend going to college. Sure, earning a couple scholarships for $400 or $500 a piece is great, but if you can go to school for 2 semesters less because you didn’t change a major, then you just saved 2 semesters of tuition which is average about $9-10,000 dollars.
Here is, The Ultimate Cost Saver in College.
Step 1: Lists
List out 20 majors you’re interested in.
List out 20 Jobs you could enjoy doing.
It’s important to get to a larger number, so you really consider things you actually enjoy. Everyone is able to find 3 or 4 things they like, but can you get 20? Narrow it down to a top 5. Maybe a trusted friend, or therapist, or coach, or school counselor could help you narrow the list down a bit.
My Step 1: I was deciding what I wanted to do with my life after finishing a 2 year service mission in New Zealand. The starting list included skills with dancing (I was a 4th place Titleist in Youth-American-Smooth at BYU Nationals in Ballroom in 2013), a love for computers, good conversational skills (I hope), loving people, loving group interactions, breaking ideas into pieces, loving competition and other factors. It was easy to identify event planning, financial services, and global supply chain management as 3 possible majors, among others.
Step 2: Interviews
Find people in each industry that you know (or don’t!) and interview them. This is cake. Ask people on social media, google companies that work in that industry, it’s not too hard to find someone. Most respectable people will give you 15 minutes to interview them.
You need good questions: Here is a basic list:
What makes your job worth it?
How did you end up working in this industry?
How much do people get paid working in your industry?
How do you help people?
What are the best certifications or skills to learn success?
What personality types work well in this industry?
How do you get into the industry running fast?
Is this a 40 hour a week job? How much time do you need to invest to achieve excellence?
Interviewing 5 people in each industry will give you a good way to benchmark what they enjoy, pros and cons, income levels, what they hate, skills they utilize frequently, career path and progression, and other little details you want to know.
My Step 2: After calling up a few old friends, and posting on Facebook about wanting to talk to professionals in these areas (in separate posts on different days. Posting a list of things on Facebook gets zero responses. and you want more than zero), I was able to interview a few event planners, financial planners, and a few supply chain management experts. The leader of my service mission (over 200+ of us missionaries) was a supply chain expert for UPS during his working days, my old dance partners father is a financial planner, and a man from my church back home is a very successful event planner. This grew into more interviews. My Girlfriend sent me to the finance guy for her company at a local Edward Jones branch. My interviews grew and grew and I really learned the good, the bad, and the ugly of each industry.
Step 3: Compare
If you’ve read many of my articles, you’ve probably seen that I often say “Ask your friend, boss, etc to shorten down this list with you.” or “Ask your friend if that’s really you”.
Same here! Ask people what they think, and maybe make a weighted list or pros and cons for each, then weight how important that is to you. Then you can almost make a weighted average of how important it is.
My Step 3: I didn’t make a weighted list for this (Such a Hypocrite, ae?) but I’ve done this with many projects. Deciding where to spend money, choosing to live at home or live on my own during college, If I should paint my room blue on the top half or blue on the bottom half, and other ‘very important’ decisions, or less important decisions.
Step 4: It’s okay to have a “Figure-it-out” semester
Maybe it’d be good to take one semester and take 1 or 2 classes in each major you’ve picked. It’s also a great time to talk to counselors and teachers and continue working on clarifying step 3 (compare) and spend more time on step 2 (interviews).
Realize that rushing through college isn’t fun. There are scholarships you can get while in school, there are lots of governmental aid that you can get, and there is college life. Do you really want to be out of school in the big world at 21? Consider studying abroad, finding side hustle opportunities, start a business, do something epic during school time. Summer is the opportunity to work at a hotel in Alaska, work on a fishing boat on the sea, working in hospitality in Australia, or building up certifications, skills, and hobbies that can contribute to your overall balance in life.
Lists, Interviews, Comparison tables, and Take a semester to figure it out.
“How about… idea streaming? Like when you have this massive goal in mind but no idea how to get there. How to break it down into achievable components.” – Athena M.
Idea Streaming: From Brain to Paper
Some of you have emailed me telling you that you don’t even know where to start with getting your ideas from mind to paper. We need that vision statement! You have sent me so many wonderful visions. Here are 3 ideas that I’ve personally used to write my vision statement.
1) Personal Relationships!
A good place to start is with those who you know well, whom you trust, and family members. Try to ask them these types of questions:
“What are some things I’ve always been good at?”
“What careers do you see me working in?”
“How do I communicate with people?”
“What is my biggest strength?”
“What’s the dumbest thing you’ve ever seen me do?”
“Why can’t I become a professional Oreo eater?”
And why not ask yourself some questions, nothing is more personal than yourself.
Think of your Core being:
What is your purpose?
How will you find peace in life?
What are things that really amaze and inspire you?
What do you always enjoy, even when you’re tired?
What do you believe is possible for you?
What is your biggest limiting belief?
If you left tomorrow forever, what what you have wanted to do today?
Here are a few question lists to get you thinking:
If you consider these 5 categories and where you want to be with each one, or where you can improve, or skills you already have in that area, you can learn alot.
Okay, So maybe I lied. This is my favorite. I’ve taken sooooo many personality tests. I loved the ones in 8th grade that would say, “You could be a great Accountant or Firefighter.”
Here are some of my FAVORITE personality tests:
Myers&Briggs Test: I’m an ENFP (Extrovert, Intuition, Feeling, Perceiving), But I score really close to a Thinker (instead of a Feeler). I’m basically 100% on Extrovert.
ColorCode Test: I’m a Yellow: I inject shots of enthusiasm and optimism. I’m charismatic, spontaneous, and sociable. (Pretty much everyone loves me. It’s a fact: look it up)
Strengths Finder 2.0: see your top skills: I’m an Includer (Involve EVERYONE), Maximizer (Make pieces better), “Woo” (I want people to like me), Ideation (breaking down ideas into pieces), Communication (I tell people things). You can see this influence my vision statement. This test also comes with 3 sections: 1) awareness, 2) Application: with 10 action items for each, 3) Achievement: Quotes and what success sounds like for each of your top skills.
HowToFascinate: This is a great test that gives you some adjectives that describe you along with a primary and secondary “Advantage”. I’m a Trendsetter: Innovation and Prestige are my “Advantages”. Cutting edge, Elite, Progressive, Imaginative, Edgy. This test, for a price, can give you pages of data about power words, how to explain yourself, and ways to utilize that in a business sense.
Culture Index (INC): I don’t know where to find this test, but I took one when I applied for a job and was emailed a printout of it. It gave me an ABCD score, an EU score, and an LI score which I have no idea what is. This test talks about how you work with individuals and companies. “Self-Reliant, Initiator, Effective with Setting my own priorities, quick paced and likes to handle problems right when they arise even if it means multitasking…” and other valuable information.
My favorite gem is this: “Prefers to delegate the completion of tasks to others, but is capable of limited attention to detail.” This is true! I start 100 things and finish 12 of them… and get my little sister to finish 4 of them, my brother to do 3, and my roomate to do 6 more. The rest are forgotten and eventually dumped into the pit, like in the movie “Inside Out”.
DISC: I’m an Influencer- I like to collaborate and dislike being ignored in teams and groups. There are four types: Dominance, Influence, Steadiness, Conscientiousness. This provides insights in how you work with team.
These tests are vital in crafting out information about yourself. Did I miss any? Let me know if there are others you like, and I’ll update this list.
An online place to organize your thoughts like Mindmeister or another website could be great for organizing or laying out your thoughts. It’s a difficult task, but is worth it. then, make that vision board, write that personal vision statement, and utilize them daily to accomplish you.
Because knowing yourself and your goals is the first step in getting your money to work properly. It’s also they key to happiness. When your Money and your Dreams align, you will be happy.
Please feel free to share your thoughts, your vision board, your vision statement, or your test results for any of these tests! Maybe I’ll feature you on my website or in an article (with permission of course).
Your Vision is in hand, but now what do you do with it? This is how to take your vision from paper, to action items.
Money is important. But your “why” behind your money is almost more important. Infact, It is more important.
I want money for a few reasons, I want to provide for a family I hope to have, I intend to use money to create a foundation to increase financial literacy in Utah, I want to be involved in Scouting and christian missionary work. There are reasons to the money. “Money for the Sake of Money” isn’t happiness. As I talked about in an earlier article, Experiences bring happiness, not “Plastic Crap”.
Many friends of mine have come to me asking, “How do you figure out what you want to do?”
Here is my answer.
How I Chose Financial Planning
I went to a small school, graduated from high school with an associate’s degree, then moved to Brigham Young University (BYU) studying Computer Science. I thought it was what I loved. My whole family works in computers, Dad, Brother, Little Brother. I’m different. During 2 years as a service missionary and proselyting minister for Jesus Christ to the wonderful people of New Zealand, I learned a thing or two about myself. This insight is a blessing. Jacob Johnson is a people man, he loves working with people, helping them, teaching them, breaking down their big ideas into pieces, which he then builds up into good points. Ideation, Maximzation, Includer, Communication, “Woo”-factor. When I jumped back into school, the answer wasn’t computer science. Quick talks with people sent me to try global supply chain management, marketing, and financial planning. Marketing people I interviewed all hated what they did, unless they were in charge of their work or ran their own firm. Supply chain was awesome except I don’t want to travel 6-10 months a year, not in the ropes for having a family. My old ballroom dance partner’s father was a financial guy. He loved his job. Dude from my girlfriends work did finances. Loved his job. Everyone I talked to that worked in financials loved what they did. Private firm, big company, RIA, Broker/Dealer, Insurance agents, 9 co-workers, 1 co-worker, 80 co-workers. They each loved it. They also did what I thought was great. They taught, they did technical work, they moved around, they left the office to visit and help, they weren’t stagnant, they were involved in the community, they were happy fun loving people; the people around them were happy.
The signs were enough. I knew where I belonged. So, I packed up from BYU and moved over to Utah Valley University (UVU) where tuition was $20 more expensive and the Financial Planning program has topped the charts since it’s been around with three times as many students as any other program in the U.S. only 400.
How a Vision Board Got Me There
I’ll be honest, My vision was in pieces on my phone, in my wallet, papers on my desk, notes in other odd places, bits of my memory. AKA it was a disaster. I finally straightened out my vision board.
Purpose of a Vision Board
Vision boards connect actions with goals. Sometimes we are doing the right things, but it’s getting us no-where because it isn’t connected to our vision. Sometimes we have a vision, but no actions connected. The vision board is the intersection. It’s a logically and conveniently placed object that contains our current dreams and goals.
Daily as you consider the actions you will take, consider your board. Do they align with your goal? If not, 1) remove it from your to-do list, 2) add a new goal to your vision board, 3) do it anyways and wonder why you’re still where you’re at.
Nightly as you review what you’ve done. Consider your progress on your vision. Did your actions connect? Do you need to adjust any of your dreams?
Basically, the vision board removes waste, and focuses your efforts. Efficiency.
Creating A Vision board
Remember your vision statement you made in A Personal Vision? Whip that bad boy out, and read it. I’d recommend making reading your final vision statement daily as part of your confidence building routine. That should be a good base to start off. What is written on that that ties to things you want to achieve. Is a degree part of that? Is starting a company, changing industries, going to the gym, starting a blog, selling to 20 new clients, getting 3 computer monitors, etc on that?
Consider 5 areas:
Financial – Where is my money going, how will I make it, how will I manage it.
Physical – Fitness, eating, outdoor activities
Social – Friendships, spouses, old friends, building a business network
Intellectual – reading books, developing your business skills, utilizing your brain, how do you waste time on your phone.
Also, Consider your Big Rocks. What are your responsibilities and titles? Parent, CEO, Small Business Consultant, Teacher, Brother, Minister, Soccer Coach, Student, ETC. What are the big visions you have for them?
Where to put it
It goes wherever you will see it the absolute most. Mine is right by my bed. Blue tape boarder, with pictures taped inside it. Maybe it needs to be in the kitchen on the fridge, or by your front door (though it can be hard to make it personal there)
Areas of My Board – Money Gets Everywhere!
Now you might say, Jacob. This isn’t financial. YES IT IS. If you don’t have mastery of your vision and actions, you will never have control of your finances. It doesn’t make a difference if you make $25,000, or $250,000. I know people in both who are millionaires, I know people in both who still live paycheck to paycheck.
Every single task I do that makes me money is somehow connected to my vision board. That’s how simple it is.
Control your actions, create your vision. Utilize it daily. Happiness will ensue.
Share with me a picture of your vision board, or a copy of your vision statement and I’ll feature it in an article! Email me on my contact page or Here
Jacob is a crazy Vision Board wielder who also dabbles with small business review software, and financial counseling at UVU. He is an avid supporter of financial education and loves to work with event groups to get finances incorporated. Want me to speak or teach a class? Ask me Here
I cracked open a new self-help book, excited to read and learn the mysteries of sesquipedalianism and profundity.
When I read this,
“While we’re discussing self-help books, we wanted to mention a study… [asking if] ‘The Power of Positive Thinking”… [is] a real phenomenon?…
The Results? People with high self-esteem… were more optimistic… but participants with low self-esteem who intoned those five words” (I am a lovable person) “felt less optimistic than those who didn’t… People with a negative self-image are reinforced in that belief when they try to will their way out of it.
-Belsky, G., & Gilovich, T. (1999). Why smart people make big money mistakes–and how to correct them: Lessons from the new science of behavioral economics. New York, NY: Simon & Schuster.
Like many of you, I have my own worries and things that I deal with. I’ve experienced that desire to no longer be where I am. In minor ways, I’ve had times where I’ve felt no matter what I’m doing, It’s not good enough. Self-Help books that teach us about how we use time poorly, or manage money in odd ways, or anything won’t help us if we don’t help ourselves!
But enough of that! I’m a positive guy with a talent for including people! So this exercise is for everyone to do, to know YOU better.
I was reading from a book called “To Sell is Human – The Surprising Truth About Moving Others” by Daniel H. Pink. He talks about creating sales pitches, but I think its high time to create a personal vision pitch.
* NOTE* this is my personalized version, you can get the original version at http://www.danpink.com/pitch
A vision is supposed to be the tone and aura you carry with you, representing what your theme of life is, where you’re headed, your dream, you passion, and your love. You are not who you think you are; you’ll find that out as you clarify your vision with others. The reality is that you are more than anything you can imagine with more power than you think. Ponder these questions before starting the vision:
Where do I see myself tomorrow?
What will I be working on in 5 years?
How will I be serving those around me in 20 years?
What will people say about me in 30 years?
How much time will I spend on my passions in 40 years? What is the passion you thought about when you answered that question?
Now that that you’re ready, remember this is practice not permanent. The last thing to do right before reading and starting this next bit is to physically move yourself! Would you feel comfortable with getting up and moving to somewhere you never go and then start. It is vital to be in a new or different location. Maybe you can set a timer and spend 15 minutes on it right now.
Get a piece of paper, or use a writing app on your phone, and start your vision using these steps:
One Word. Write as many individual words as you can that describe you. Try for 50.
Question. What question do you ask yourself that makes you think deeply? What’s your question that makes others think and act? Write at least 10!
Rhyme. Give a rhyme for where you’re going! What rhyme defines who you are? Write at least 10! It’s totally acceptable to google search [or ninja search] rhyme sites to help.
Email. If you were to summarize your vision with a subject that would get everyone to open and read it, what would it say? Write 20!
Tweet. You have 120 characters to write your vision statement, your guide to life. Write this.
Story. Read Below, and write your own.
Your try: Once upon a time ____________________________. Every day, _______________________. One day ________________________________________. Because of that, _________________________________. Because of that, __________________________________. Until finally, ___________________________________.
-Pink, D. H. (2012). To sell is human: The surprising truth about moving others. New York: Riverhead Books.
Now take your list and share it with the 5 people you know best. Ask them to remove and erase half of the remaining extras in each of your lists, until eventually you get down to you. Your Vision.
Here is Mine.
Do you feel that way now?
To feel confident, you must be cognizant.
Smiling? After meeting this guy you’d better be.
Worried by the future, you want peace. What’s uncertain to you? Feel confident, find your dreams with me!
Once upon a time, there was a ginger boy who loved everyone. Every day, he would laugh and smile with his family because he was confident that he was loved. One day he wasn’t so sure about what he was going to do with his life. Because of that he became very worried. Because of that he searched and learned and grew! Until finally, He was a Certified Financial Planner (CFP) who could help each beautiful person to discover and feel secure in their future.
The last thing to do is to revise from those 6 points a paragraph, or maybe even a page. This can be detailed in statements about what you believe in, beliefs you would fight for, career paths, medium term goals, long term goals, habits you’ll pick up, habits you already have, or things that you are good at. We’ll talk more about refining the statement later.
I am a planner. When I am secure and anchored I am a blast to be around and a great communicator. Everyone is my friend and I naturally trust everyone. I’m a trendsetter seeking to push social boundaries and what is accepted to create a better experience or more learning. As a Visionary who prides himself in social engagement, I tend to be a social butterfly with friends in every group. I want everyone to like me with a ‘woo’ factor and work hard to be inclusive of every individual around me. I have a natural ability to break ideas into pieces; it is easy for me to find ways to improve a process and maximize results. I see the value in each piece. The Visionary within has come to believe in Jesus Christ and to feel the power in the principles of the Gospel with a firm desire to involve Jesus Christ in maximizing both my ability to help others, and ability to feel secure and anchored in my own life. The Analyst in me is great at counselling with others, helping them to see and create their own change, and can effectively communicate steps and processes to enrich and empower them to feel secure and plan for success. It is my choice to fight for families, fight for confidence, and involve everyone in things that will bring them security, peace, confidence, and knowledge that will improve their lives. I am Jacob. I am a family man, I am a hard worker, I am consistent, I am a networker, I am trustworthy, I am a creator, I am active, I am an empowering friend, and I am a child of God.
Send me feedback! What could be better about my dream? I know it’s already been shaved down, but it sure could use more work. Share yours here and let’s become better at sharing our visions with each other. Let go of who you aren’t and become who you want to be.
I’ll post some of your visions (with permission) if you send them to me here! Or you can email it to me directly at [email protected]
Next week I’ll share Part 2 of this series, An Active Vision. Now that you have a vision, let’s make it happen.
Student of Personal Financial Planning at Utah Valley University
Expected graduation in December 2017
Pounamu- Green Stone (Jade) from New Zealand
“Ahakoa He Iti, He Pounamu”
Though it may be small, To me it is precious.