JW's Financial Coaching Podcast

JW's Financial Coaching Podcast


JW’s Financial Coaching Podcast Lesson #63-How to B.A.N.K More in One Four with guest Greg Pare

January 19, 2014

Highlights of today’s show:


  • Greg Pare joins me on the show
  • Shares how to B.A.N.K more in One Four
  • What happens when you budget your money before the month begins
  • The importance of knowing your why
  • Do something to make your 2014 a better year financially

Greg Pare from Gregpare.com
joins me on today’s show to discuss how you can B.A.N.K More in One
Four. Most people set resolutions and goals in the new year but fail to
reach them. According to a ComPsych Magazine survey, 92% of people lose
sleep over finances. Greg came up with this concept as a way to show
people how they can actually plan to save more and achieve their desired
result.


Before
you can B.A.N.K More in One Four however, you must first know your Why,
according to Greg. This is important because knowing your Why will
allow you to reach your goal.


“If your Why is strong enough, you’ll figure out How.†~ Greg Pare



Greg and I discuss the B.A.N.K concept and what each letter stands for.


B-Is
for budget. The word “Budget†can be a scary word for a lot of people.
If the thought of budgeting your whole income scares you, just budget
for one thing. It can be as little as setting aside $50 a month to have
$600 at the end of the year for Christmas. But the point is that you
have to plan where your money is going before you can actually save the
money.


A-Is for action. It is one thing to say
what you are going to do; it is another thing to actually accomplish it.
Greg and I share how to take action and Greg breaks down the five
things you need to do to set goals.


N-Is for
saying no. This is in saying no to yourself. This is the shortest answer
but also the most difficult to do. It is hard to say No to yourself
initially but once you get some positive momentum going and you see the
long term results of saying no, your ability to continue to say no will
grow stronger.


K-is for killing debt. Greg and I
share the benefits of getting out of debt. You might not be able to pay
off all your debt this year and that’s OK. But make it a priority to pay
off at least one debt this year. That way instead of paying interest
you get to keep that money for yourself.


You can learn more about Greg by visiting his blog, checking him out on Facebook, and following him on Twitter.


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audio recording of the “JW’s Manifesto on Money†that goes in depth on
my views about money.


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If
you have any comments, questions, or ideas for future shows you can
send them to me and I will integrate them into a future show. There are
two ways to get in touch with me: 1.) Email me at JWFinancialcoaching@gmail.com -
Please put “podcast†in the subject line and keep your questions brief
so they are readable on air. 2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.


You can find prior editions of the podcast at the podcast archive page.



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