Live 4 Financial Freedom

Who doesn’t like a party? We do in our house for sure. We work hard working towards our Financial Freedom goals and it is fun to celebrate when we achieve one of our goals along the way. We have many goals we set each year and we celebrate in many different ways when we achieve one. We normally have our party involve the whole family. That used to be easier when the boys were younger. Now with Log...

Some people ask the question if they would be better off investing in their own IRA rather than investing in their companies 401K plan? If your company doesn’t have a matching 401K plan then maybe that is for you. But what I see is that a lot of people lack discipline. What is nice about a company 401K is that it is coming out of their paychecks without any effort from them. They can just get used...

When I worked for a company year’s back, they required every employee in the corporate office that was on the bonus plan needed to do continuing education to qualify for up to 25% of their Bonus Potential. For me it was a no brainer but for some people in our office they felt it was a waste of their time and wouldn’t do it. I could not see giving up 25% of my bonus potential for not making myself...

Back in 1990 I think I got our first will done and it was a pretty simple Will at the time. Now the older we get we have revised our Will and other documents for Estate Planning and final decisions more often. We have done new wills twice now in the last six years. We had one done in Minnesota before we moved to Arizona to live. Then when we got down here, we found out from our new Lawyer that we...

Whether someone wants to get their debt paid off or if they want to really focus on investing for their Financial Freedom goals then this might help. We told the boys that if we would have tried to live off our old wages and just saved all raises and bonuses, we ever received we could have reached our Financial Freedom goals even soon. You may be saying that isn’t realistic but anything is possibl...

Health Insurance is a major expense for some people. It is an expense we teach our boys to factor in their Financial Freedom plans. Medicare Insurance doesn’t start till age 65 so if we quit working before than we will need to buy our own policies. With two boys living at home it is really beneficial for us to have one of us working for Health Insurance. Our boys can be on our Health Insurance unt...

Most people probably would say they love and care for their family and friends. Myself I like to solve problems because I don’t like to see anyone suffer. Especially when it is my family or friends. It normally has felt good when I could help them out with loaning people money but then normally those feelings go away and new feelings of pain seem to set in. Most people that I loaned money too paid...

Once debt free it is important to stay debt free. This is one of the lessons we teach our boys. It is easy to get back into debt if you let yourself once you are debt free. I know this from personal experience. I let myself do this several times until I got tired of the rollercoaster of debt and jumped off. It took me remembering the pain that I felt when I was in debt and the times that I wondere...

Everyone has different situations that can affect when they choose to start taking Social Security payments. Some of my friends started at age 62 and some waited till age 70. For your situation it would be good to visit with your Financial Planner and your local Social Security Office. Darlene and myself have a plan to wait till age 70 for our situation. We want to max out our monthly Social Secur...

We just showed the boys again today how we were over charged at the store. It was only $4.20 on that trip but like we told them that $4.20 if it happened each week it would add up to $218.40 in one year. We had a time with the boys that four out of six stops in a row we were over charged. We were wanted to be undercharged to show them how to be ethical and let the store know you owe them money. Bu...

Most people would say they love pets. I know growing up I had Rabbits, Fish and Dogs. As an adult I had dogs also until I was in my mid-thirties. My first dog was a Black Lab called “Flash” and he was a fun dog but I had to leave him with my folks when I moved out of the house to an apartment. My next dog was a female Golden lab called “Mariah”, she was a great dog also but tore up the yard. &nbsp...

Have you ever co-signed on a loan for someone before? If so, how did it work out? I have had many friends that co-signed loans from student loans to personal loans for their kids, relatives or friends and some of those loans they ended up having to pay them off. I co-signed on a couple of loans and they both worked out but at times I lost sleep worrying about getting stuck paying for them. I tell...

Prime reason why you should do Action Step 3 of the Mills Way to Financial Freedom 10 Action Steps just happened to us recently. I got a call from Darlene and she said that when she was leaving for work at 1am that the Garage Door wouldn’t close all the way down. It would go three quarters of the way down and stop and then go back up or just stay there at times. I did my normal you tube search of...

We have the Mills Way to Financial Freedom rules that we teach our boys. Today let’s talk about the main Action Steps that we teach our boys so they can work towards reaching Financial Freedom. They could have your own action steps on their journey to Financial Freedom or if they choose to go in different order than that is their choice. They could also go at different speeds and that is their cho...

It would be really hard or impossible to know everything about everything even though my teenagers think they do. LOL Building a Financial team is one of the Mills Family Financial Freedom rules we cover with our kids. Since it is hard to be an expert at everything that is why I feel it is so important to build your own Financial Team. A team that can help protect you financially and legally so ca...

Car shopping isn’t one of the most enjoyable things for a lot of people. A friend of mine once said he would rather go to the Dentist then go car shopping. I am not a fan of Dentist either and probably enjoy some of the hunt and numbers of car shopping. This is one of the rules to Financial Freedom that we teach our kids and we have taken them with us to experience the whole car shopping experienc...

How does the word “No” have anything to do with reaching your Financial Freedom Goals you may be asking me? It is a huge factor, I think. You need to be able to say “No” at times to be able to stay on your budget and disciplined to reach your goals. In our house hold we have to say “No” quite often to our boys. If they had their way, we would be going to the movies every night and out to eat every...

Setting Financial Goals is the first rule in the Mills Way to Financial Freedom rules that we covered with the boys. The importance of goals is to help us make our dreams happen. You need to write them down to be able to make them happen. Difference between a Dream, Idea, Vision and a Goal is nothing more than writing it down. After we write our goals down on paper, we don’t hide it and forget it....

Christmas is around the corner and people are starting to think about what they want to give at Christmas time. At our house we have our Christmas Tree up and our Outside decorations up also. We have been getting Christmas Ads in the mail from companies like Best Buy and Kohls.  We have been getting plenty of emails sent to us about Black Friday sales coming up or pre black Friday sales. Ther...

Today is a good day since I was able to do my first pod cast with Seth who is our Son. He is 13 years old and a future star in any thing he goes into.  Asking for deals or for a cash discount isn’t always very easy for a lot of people. My parents never talked about this subject when I was a kid and I don’t remember ever hearing them ask for a deal or a discount. Now I think about all the mone...

Divorce Sucks.. Sucks.. Sucks…. Divorce is not a favorite topic for me, it is an ugly word and a word we never talked about in my parents house when I was a kid. I never even knew anyone personally before I got married that went through a divorce. Now I know many people with divorces or as we say on the golf course “D’s” and it keeps growing by the day. I will go on record I am against Divorce unl...

Insurance isn’t maybe the most exciting subject but one that Darlene and myself feel is important to cover with our Teenage Boys. We want them to know that they need to protect their assets as their assets grow. Especially since today with all the Lawsuits that are filed. It is hard to not watch TV in our house and not have many different Personal Injury Lawyer Commercials come up on TV. Insurance...

We feel it’s so important for Logan and Seth to start their lives after college with no Student Loans and No Car loans. No Debt at all. We are helping them out by giving them each a used car and they can live at home rent free until they are done with school. But they will need to pay for their college tuition, books and misc. charges. Having NO Student Loans is one of our Mills Way to Financial F...

This was our second Disney Cruise to Mexico. We left out of San Diego, CA. We were gone 3 days and 2 nights so it was a quick trip. But the boys loved it and loved the other cruise also. Now they want us to book a 7 day cruise for next summer. They ran into some old friends from their last cruise and made tons of new friends.  Visit my Podcast at www. Live4.Club on Anchor.fm, Spotify, Pocket...

Sales is Hard. Most days you have to be your own Cheerleader. You may say that you aren't in sales but I would disagree. We all are in sales everyday.  Also we will talk about starting a Home Business and the importance of staying Debt Free. Work within your plan and budget.  Visit my Podcast at www. Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tun...