Ideal Life & Money Academy

You've heard it before - "The Rich Keep Getting Richer?" The thing is, it's TRUE. And there is a reason for this. You see, most people with money know how to get their money to work FOR them instead of against them. So, in this video, I walk us through why that is, how it works, and how you can avoid money working against you and start getting your money to work FOR you. Don't forget to check out...

Have you ever heard or been programmed by money myths? It was all that long ago that I believed a few money myths out there. I'm very grateful to have been taught otherwise. Now live by financial principles that prove these to be myths. In the pdocast we debunked these myths: Myth: It's inappropriate to talk about money (income or problems) FACT: We should talk about money comfortably.   &nbs...

How To Make Quick Cash When You're In A Pinch. Let's face it, all of us get into financial trouble from time to time. This could be due to a job change, lost hours, an emergency, or any number of reasons. If you need to make some quick cash when you are in a pinch, there are a couple of ways to do it and in this video, I walk us through a couple of those. One of the biggest factors to note when yo...

What do you feel like you should do? First, we don't like using the word STOP. Instead we use the pause. We suggest pausing investing and have laser focus on getting out of debt. We don't want you to invest $20 or $100 a month while trying to get out of debt, while trying to save for a holiday, etc. We want you to become debt free. Then have a fully funded emergency fund, and then invest 10-20% of...

How much do you think you should have saved for your age? How do you compare to the Nerd Wallet article?   https://www.nerdwallet.com/article/finance/average-net-worth-by-age Calculate your networth. Net worth = what you own - what you owe   Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget

Overworked? Never feel like you have a weekend? You aren't alone, but that doesn't mean it's okay. There are a lot of people out there who are overworked, burnt out, burning the candle on both ends, and miserable. Don't be one of these. If you are having to work every weekend, nights, and way too long of days, something is very wrong with your job, your business, or systems. Start creating that li...

It's hard to even say out loud as financial coaches!     The reason we are suggesting to not save is that this money is usually sitting there not doing anything. If money is in an account without a purpose, then it usually means that it will disappear. It will be spent on going out to eat, buying more clothes, electronics, etc.     Save money for a purpose.   Spend money f...

Follow these principles of investing and you will become wealthy! Specifically how I became a millionaire in my 30's and you can too. You should never, ever give up control of your money. What you focus on grows; what you don't care about or look at is soon lost. Choose investments that are powerful and stable. (aka long track records) Always consider taxation and inflation as part of an investmen...

Just because you aren't good with money, numbers, or budgeting, doesn't mean you have to struggle with money. We all know having some kind of money system/budget is better than not. It's really difficult to win without a budget, but what about those who don't like it or aren't good at all the tracking?     In this video, I talk about a system you can use to simplify your money management...

Summary: Have you ever had a bad job? I mean HORRIBLE? If you have been in a toxic work environment and have managed to get out, you know how important it is to recognize it and get out. But what do you do about replacing that income? Unless you just have a bunch of cash laying around, you can't just quit right? In this video, I talk about the "right" way to quit and set up your next job if you kn...

2024 brought amazing opportunities with life, travel, and saving. Total spend = $80,000 We saved 25% of our income and the question is: was it worth it? YES, because we were able to do some very cool things. We love traveling and we were able to go overseas multiple times, living in an RV "full time", and invested $20,000 into our future/retirement. Action steps for you: track and know your income...

I'm a big fan of teaching your kids about how money REALLY works. That's why I don't like giving them an allowance. I'm in favor of giving them a Commission...and there is a BIG difference. In this video, I walk through the differences between an allowance and a commission, and show you how going the commission route is teaching them how money and the real world works. Versus how giving kids an al...

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget ID Theft and fraud are everywhere! If this has happened to you, then you know it is NOT fun. If this hasn't happened to you, great, and let's do things to make sure it doesn't happen in the future.   It's nearly impossible to not have your information out there online. There are...

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget This is a question that no one is asking!   What are you willing to give up? AND what are you not willing to give up?   Remember all things are temporary with the things you are willing to give up. AND there are limits to what that may be to you. Maybe you are health focuse...

Be sure to check out the ILMA Budget/Debt Elimination Course:  https://www.sentinelcoaching.com/ilmabudget The goal is to become debt free! At what cost?   It depends!     Retirement accounts may not be what you want to sell. You will have to pay taxes and penalities.   Non-retirement investments are open to selling. Maybe downsizing is in the future, sell items and you ca...

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilma The New Year (or really anytime of year) you get to choose to make changes!   What will keep you on track to stick to your goals? Are you ready to make the commitment? What is your clear path?     If you don't have one or looking for another path, then join Ideal Life & Academy an...

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget Recommended Spending Percentages: S.T.U.F. stands for Shelter, Transportation, Utilities, Food Shelter - rent or mortgage = less than 25% of your take home pay Transportation - 10% to 15% including maintenance, insurance, gas, tickets Utilities - 5% or less Food - 5% to 15% Remember, these are...

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget Can giving really be dangerous? We believe it can lead to becoming dangerous through this 5 Step Process: 1) Appreciation 2) Anticipation 3) Expectation 4) Entitlement 5) Dependency

Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget People influence us one way or another. It's important to have BOTH kinds of people in our lives - spenders who help us enjoy life, and savers who help us from making poor impulse decisions. In this video, I encourage you to take a look at who you are spending time with. Are you isolated to yo...

People who are successful with money don't happen to fall into good money management, they work at it, implement good habits, and THINK about money differently. In this video, I share how $100 changed my life, but it wasn't the physical dollars that changed my life, it was the THINKING around that $100. If you want to get better at money management, you need to think differently. I used (and still...

Living in a state of gratefulness is important because you can't be grateful and angry at the same time! Tell us, what is it you are grateful for?!?

Many people dream of living the nomadic life, especially with more and more remote work options available. Is this something that you dream of? You think you want to do it? Here is my take after spending multiple years of living this life. Pros: Condense your experiences, do multiple things while in one place Settle into your chosen experiences Create memories for the rest of your life Know what y...

What does it take to be happy? Is it really possible to have a good day everyday? I have a specific process I go through and a series of questions I ask to make sure I have the right mindset to set myself up for success. 1) How Am I Feeling? 2) What Do I Want Today To Look Like? 3) Who's In Charge Of Today? 4) What Can I Do To Make A Difference In Somebody's Life? 5) What Are Some Things I'm Grate...

When we are getting out of debt, we get used to saying "no" to most things so we can put more money toward debt to get out faster. But many of us have created so much of a habit of saying "no", it's hard to break that habit, even after we got out and now have money. This is dangerous because we could find ourselves saying "no" out of habit to all of the things that we would determine are part of o...

One of the most common reasons people fail is because they don't believe success is an option. We can only produce as much as we believe we can. You won't be able to succeed beyond your thinking. If you have people in your world who are negative, or feed you negative thoughts, eventually you'll start believing them. And sometimes that negative person is YOU. In order to succeed in life, in money,...