Bio: Elle Martinez started Couple Money because she needed it. Her and her husband’s views on debt, savings, and investing were completely different. Not finding the advice for couples they wanted they opened the conversation about money on their website Couple Money. As they shared their journey to dumping debt, other couples chime in on their wins, struggles, and advice. The mission of Couple Money is to help spouses stop fighting about money and start building a life they love together. Learn more and join them here: https://couplemoney.com/couple-money/
ShowDescription: Elle Martinez and I discuss how couples can build up a positive paradigm about money through meaningful conversations. We discuss honesty in starting conversations and setting priorities and demonstrating values to proactively create positive relationships.
1:00 – Meet Elle From Couple Money
2:30 – Judgment Free Zones
3:30 – Breaching The Money Topic
4:45 – Starting with Plans and Meanings
7:00 – Numbers Are Relative, Avoid Guilt, Teamwork, and Pace
8:48 – “What Do I Do First?”
10:15 – Money Dates?
14:00 – Hard Talks & Setting Norms For Communicating
18:00 – Spending Plan, Action Plan, Adjusting On The Fly
21:15 – $20 Date Challenge!
27:30 –Simplifying Life
“Simplify Your Life Enough So You Are Happy”
Talk with your significant other about your money
Set a regular meeting to go over spending and money goals with an accountability partner (Spouse if you’re married!)
Do a $20 date challenge! Find something fun and creative, see what each one of you can plan. Share a photo using #20Dollars or tag me Thefinancialginger and Elle Martinez of CoupleMoney
College always walks up and says: “Gimme money”. It’s the worst bully since Billy who always took your quarters during recess in 2nd grade!
Here are some amazing articles I’ve read about college kid money skills.
1) Getting Scholarships for school
2) avoiding Debt in College
3) how to deal with CC’s during College
4) how to start a savings account, and basics on opening an investing account
Basically, this is a really good reference and resource of some other writers work about the subjects. Feel free to comment extra resources you’ve found that are good too! I’ll make sure to update your research into this list also!
This article gives 5 basics: 1) Consider the Cost, 2) Work During School, 3) Apply for Scholarships, 4) Work for the University, 5) Be Radical – Try Crowdfunding! Thank you Deacon Hayes for this article!
I honor Doug, whom started the Military Guide. If you want to or do serve in the military, Doug knows the finances behind it.
Get The Scholarship
Jocelyn from TheScholarshipSystem shared her site, and I highly recommend it. The Best article she has, which is a freebie if you join her email list, is “The 3-Steps I Used To Write Reusable Scholarship Essays QUICKLY and That Won Me Over $125k” http://thescholarshipsystem.com/ – her article The 10 basic steps to getting scholarships http://thescholarshipsystem.com/ – 5 things to update on your FAFSA (Right NOW!)
KristinaEllis.com hosts Kristina’s books about how she paid for college “Confessions of a Scholarship Winner” and “How To Graduate Debt Free”. I met Kristina in person and FinCon16 in San Diego and would recommend her books to anyone who is serious about getting scholarships in college.
I can’t rant enough about Brynn Conroy and the wonderful FemmeFrugality site. These tools are great to understanding the mindset of applying for scholarships.
If you want basics on how to invest in stocks, this is the place to start. It shows statistics and gives basic explanations for types of stocks, mutual funds, and other places to start with your money.
This is a very good basic guide explaining how to split your investing money, how to fund an account, and ways to keep your money safe. It talks about Bonds and Stocks, and good general rules for picking investments, and ways to diversify in multiple types of securities.
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
Today was a typical Saturday. Slept in, tried to cook something but ended up eating nutter butter’s instead. Complained to my girlfriend about how fat I am. Tried to read that book for the fifth time but haven’t actually cracked the cover.
But, Here I go.
The purpose of this website is so people can see what I can offer for them. You need to think, what is this guy all about? He is alive and knows things, but what things does he know?
I’m going to show you a bunch of knowledge that stays in my head that can move to your head! Hopefully we’ll both be the better for it.
Catch my Resume page to see some things about me, where School is, home is, certifications, goals, aspirations, that weird business I started as a kid, and maybe I’ll even get descriptive about that weird mostly faded birth mark on my upper left thigh, who knows.
Hopefully this will become a growing resource of financial tools and thoughts you can use to navigate your personal journey. Perhaps this is for an employer scoping out to see if that tall red head could produce value. This website is the tool for you.
If you don’t find what you need, please. email me at [email protected] or give me a text at my personal number (801) 500-8710.
I want to create the tools and resources you need to be financially successful, so if you want to know something. I will find the answers for you, or I will die trying
Jacob Brad Johnson
-Student of Personal Financial Planning, Utah Valley University
-Expected class of December 2017,
-Planned to sit for CFP Certification March 2018
-Committee of UVU Financial Planning Association (FPA) Student Chapter
-Lover of Ballroom Dance and West Coast Swing