Dreamstime

Thursday, April 20, 2017

Take a Break


It is tax time.  Because of that, many of us are so busy we do not have time to stop and think.


We will be skipping How to Manage Your Monkey for the weeks of April 06, 13, and 20.  In the meantime, we will be posting a couple of our favorite videos of anecdotes for our readers to enjoy. 


Please watch these videos and have a great three weeks.



Thanks.




If you would like for me to pray for you, please drop me an e-mail by clicking prayer.

Please Visit My Child Bride Suzanne's Blog




I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!

Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.

Always consult a professional before you act on any of the information you find in this course.  

Do you have a frugal recipe?  Please e-mail it to me.


Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 

Disclaimer

The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions.

There is no one right answer to any business question that will cover all circumstances.

Saturday, April 15, 2017

Master Your Cash Flow Book Review

Master Your Cash Flow by AlbertJ. Zdenek, Jr., CPA/PFS is geared more for a higher income level audience than we normally address via our How to Manage Your Monkey blog. 


That being said, we think it is an important read for anyone who hopes to someday get out of the level of hardcore poor and get up to the level of needing a financial advisor.


Let’s face it, our target audience is not made up of the type of people who go out and buy cases of wine that they never open.  Hopefully, our normal audience abstains from any type of intoxicating beverage.



If you are this level of poor, chances are good you are more likely to encounter Wine in a Box than you are any type of wine that actually comes with a cork. 

The Author, Albert J. Zdenek, Jr., does give us some insight we can use as we get out of the level of hardcorepoor and up to the level of The Millionaire next door.

Mr.  Zdenek implies in some of his lead up to Master Your Cash Flow that he is going to give us some comparisons regarding the choice to purchase or lease a new vehicle.  We were interested to learn what he had to say about this comparison.  We were looking for it, but never saw it.

There are some very interesting differences of opinion in the book from what you have heard and will hear on How to Manage Your Monkey.  We take more of a Dave Ramsey approach in that it makes more sense to pay off your mortgage and not have to have the interest payments.

However, Mr. Zdenek makes a compelling case to take out a mortgage and invest the proceeds from said mortgage.  We don’t agree with his philosophy but, let’s face it, he has more money than we have.  It might be good to read Master Your Cash Flow and make up your own mind.

On our scale of zero to five stars with zero being terrible and five being outstanding and a must read, we give Master Your Cash Flow all five stars. 



Master Your Cash Flow is very well written.  It is easy to follow and the numbers make sense. 

We do, however, suggest that you also read The Millionaire Next Door by Thomas J. Stanley andWilliam D Danko, The WealthyBarber by David Chilton, Hardcore Poor by Kelly Sangree, and Total MoneyMakeover by Dave Ramsey.  All of these books have a slightly different approach to the same question of handling your finances.

One of the best pieces of advice offered in the book, and is repeated often throughout Master Your Cash Flow, is to work with the experts.  No one can be an expert in all areas. 

It is very sound to suggest working with your CPA, estate planning attorney, financial planner, and others as you see the need.  Just stay away from taking advice from your brother-in-law Bud.


If you would like for me to pray for you, please drop me an e-mail by clicking prayer.


Please Visit My Child Bride Suzanne's Blog





I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!


Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course. 


Do you have a frugal recipe?  Please e-mail it to me.

Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 


Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.


Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

Thursday, April 13, 2017

Guest Post Live The Life You Want Now And In The Future


The following is a guest post written about Al Zdenek, a leading wealth manager.  His philosophy of debt and money management is a bit different from what we teach here at How to Manage Your Monkey.




Our position is that debt is not Biblical and that, in the long run, it costs.  However, we would be remiss if we did not give you a more rounded view of money management. 


Years ago, we were advised that it was financially wise to borrow to pay tuition via student loans since the government would pay the interest on the loans while we were in school.



This was partially correct in that some of the money was subsidized by the government.  They did not pay all the interest on the loans, just a part of it.


The advisor explained that we should use the no-interest money now, and allow the money that we would have used to pay the tuition now to earn money in an interest-bearing account.  


Then, when the loan came due, to pay it all off. 


This, we were told, was the correct use of debt.  We were taught about the time value of money and how we spend the money today and pay it back using inflated dollars in the future.


The thought was that if we borrow $100 today and pay that $100 back next year, inflation would make today’s $100 worth $103 if the inflation rate was 3%.


We were also told about the “wise” use of credit cards:  Buy today and use the credit card company’s money interest-free for 30 days. 





This makes sense in theory.  However, life happens.  The baby gets sick.  The stove blows up.  Tires go flat.  You know the drill. 


You need a new tire for the car.  The tire costs $100.  You owe $100 on the credit card that must be paid now or you will have to start paying interest. 

You could go online and pay the $100 on the credit card and then use the credit card to pay for the new tire BUT, if you do that, it will be days before that $100 shows up in your available credit and you need the tire now.


If you have $100 available credit on the credit card, then it just might work.  But, if you are at this level of poor, chances are you don’t have that available credit.  And, if you do, congratulations, you are working towards being debt-free.


When you are down here in the Hardcore Poor level, this idea does not work.  Although Al Zdenek’s teachings might work in some circumstances, they do not work when you have no money for the FLOAT.  We will talk about float in later lessons.


And remember, new laws make it perfectly legal for merchants to charge you extra to use credit.  On average, it costs the merchant an upfront charge of 30¢ to accept your credit card and then 3% of the total cost of your purchase.  That is why you see gas stations charging one price for credit and another for cash.


You do pay extra to use credit no matter what the experts say.  Retailers pad this in to the transaction in subtle ways. I know, I have worked in the retail industry.




Remember, the following guest post does not necessarily reflect the view and teachings of this blog.  It is provided to give you a more rounded education into money management issues.

And now, without further eloquence, is our guest post.


Live The Life You Want 
Now And In The Future

Al Zdenek noticed early in his career that his clients, and people in general, had not received a good financial education and had not surrounded themselves with the best advisors. As a result, they were not making the best financial decisions for themselves or their families and at times were making disastrous choices.


This is what inspired Zdenek to write the book “Master Your Cash Flow” (www.MasterYourCashFlowBook.com), which provides the way to make the 100 percent correct financial decision and help individuals and families grow and retain wealth and live the life they want now and in the future.


“Educating someone on how to consistently make the best financial decisions lets them avoid the costly mistakes most make in their lives,” says Zdenek, president, CEO and founder of Traust Sollus Wealth Management. “By consistently making the best financial decisions, they can find more cash flow to spend or save. Saving this new cash flow, they may achieve financial independence sooner, work less in life and have less anxiety and stress in their financial lives.” 



Zdenek says one way that people can start reaching their financial goals is by using debt smarter, and getting away from the mindset that all debt is bad. Well-run business uses debt to increase shareholders. People can do the same to increase their wealth.


Here are some more ways to empower people to transform lives by consistently making the best financial decisions possible.

• Focus. Many don’t know where to begin to take control of their cash flow.  If you don’t know, get help, says Zdenek. The busy lives that people lead can cause them to not spend the time looking at the amounts they spend and why. Those who don’t focus on where their money is going could end up wasting a lot of it, and in the long run have to work harder and longer in life.

• Don’t Concentrate On Just Saving Pennies At The Expense of Living How You Wish Now. Zdenek
and Madonna probably don’t run in the same circles, but they do have one thing in common: Neither one believes in just saving pennies and not enjoying life. While Madonna was hoping for some bling in her ‘80s hit song “Material Girl,” Zdenek says go ahead and buy that pumpkin spice latte from Starbucks. It is necessary in your life to enjoy the things that make you happy, just as long as you continue to make smart decisions on bigger issues that affect your future wealth so that you can live the way you want for the rest of your life.

• Look High And Low. There are plenty of overlooked places where people find opportunities for increased cash flow. Those include proper income tax planning, structuring debt property, finding a better job, taking full advantage of company benefits, leasing vs buying, running your business more effectively, managing property and casualty insurance effectively and many more.


“I want to educate people on how to make the best financial choices for themselves and their loved ones, 100 percent of the time,” Zdenek says. “In doing this, they are empowered to live the lives they wish, now and in the future.”


About Al Zdenek

Al Zdenek is the president, CEO and founder (1982) of Traust Sollus Wealth Management, a boutique wealth management firm dedicated to empowering people to transform their lives and live the life they wish now and in the future. This is done by consistently making the best financial decisions. His book, “Master Your Cash Flow,” (www.MasterYourCashFlowBook.com) shows readers how to determine the wealth they need and then find additional cash flow and, if saved, build wealth sooner or have more wealth to live the lifestyle they desire now and forever.



If you would like for me to pray for you, please drop me an e-mail by clicking prayer.


Please Visit My Child Bride Suzanne's Blog


Do you have a frugal recipe?  Please e-mail it to me.



I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!


Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course. 


Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 


Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.


Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

Believe DVD Review


We were sent a copy of the new DVD Believe so that we might review it. Our blogs are all Christian-based and we judge everything by our fundamental/Charismatic Christian values.


This story shows a man who has been, for the most part, what some would call “Realistic”.  He does not believe in miracles.


As this man, Matthew Peyton, faces the possible loss of his business,  it appears that the whole town, with few exceptions, is against him.


Overall, this is a wonderful story.  The audience is left guessing at what would happen next and exactly what miracles could happen.


We give Believe four stars on our scale of zero stars to five.  There are just a few reasons that the movie, which is supposed to be a Christian-based movie, does not deserve all five stars.



We would love to give Believe all five stars but we cannot.  The first reason is that Sharon, the mother of the little boy, CJ, is supposed to be a strong Christian, and yet she wears a shirt that is cut too low to be considered modest.


Since Sharon is supposed to be a Bible-reading Christian, she should know about the scriptures which instruct us to dress modestly. The doctor in the story is perhaps dressed immodestly at times, too.  However, she never claims to be a Christian.


Of course, it could be pointed out that the doctor gave Sharon the clothing and so she did not have control over what she was given.


As Christians, we are supposed to adorn ourselves properly.  That is hard for a woman to do in this world where one cannot find conservative clothing any more.


Then, the movie itself can be confusing at times.  There are flashbacks and flash-forwards and visions of things that are hard to follow.  We really cannot be sure if we are supposed to be in the present, past, or even future.


With these visions, we cannot be sure if they really ever happened or are just things that someone is seeing.


One vision shows a character blaming a factory fire on the little boy, C. J. and then accusing Matthew of arson.  So, did he tell police that C. J. did it or not?

The movie would be better if one could always tell whether it is the past, present, future, or imagination, but overall, the message is clear: Hold onto your faith. Believe. There IS hope, no matter what you’re going through. 



If you would like for me to pray for you, please drop me an e-mail by clicking prayer.
Please Visit My Child Bride Suzanne's Blog






I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!


Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

Take a break



It is tax time.  Because of that, many of us are so busy we do not have time to stop and think.

We will be skipping How to Manage Your Monkey for the weeks of April 06, 13, and 20.  In the meantime, we will be posting a couple of our favorite videos of anecdotes for our readers to enjoy. 

Please watch these videos and have a great three weeks.

Thanks.
If you would like for me to pray for you, please drop me an e-mail by clicking prayer.

Please Visit My Child Bride Suzanne's Blog











I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!

Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.

Always consult a professional before you act on any of the information you find in this course.  


Do you have a frugal recipe?  Please e-mail it to me.



Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 

Disclaimer

The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions.

There is no one right answer to any business question that will cover all circumstances.