Category Archives for "Finances & Careers"

7 Reasons Every Smart Couple Needs a Side Income (and How to Get One)

By Dustin | Finances & Careers

7 Reasons Every Smart Couple Needs a Side Income

How would your family benefit from an extra $250, $500 or even $1,000 every month?

In this post, I want to share why it’s so important that your family develop a side income and show you how to make it happen – complete with real-life examples of the many ways we’ve added to the bottom line in the Riechmann household.

BONUS: Be sure to click here to grab our FREE guide "How to Find a Profitable Side Income Idea in 15 Minutes"

7 Reasons You Need a Side Income

Let’s start by outlining a few of the many benefits of developing a “side hustle” and bringing in an income outside of your 9-to-5 paycheck.

1. More Money 🙂

Duh, right?  Let’s start with the obvious – just like a big raise at work, side income increases your bottom line.

If you’re doing the right thing and budgeting every dollar of your income, you probably know exactly where you’d plug in some extra cash.  Even if you’re not that organized, I bet you could find some awesome things to do with 500 bucks.

You could pay off debt, give more to charity, save for emergencies, go on nice vacations…all the wonderful things that more income allows your family to enjoy.

Good stuff for sure, but this is just the start!

2. Greater Freedom

If you put it in the right context, more money is ultimately about enjoying more freedom.  When you’re not stuck living paycheck-to-paycheck but instead start building more margin in your budget, it gives you options to do more of things you want to do as a family.

In practical terms, killing off debt payments and boosting your income to reclaim your monthly cash flow gives you the freedom to make choices about how to spend your money and your time.

It could also represent the opportunity to leave a job you don’t enjoy to do something you love.

3. Sense of Security

This is where a side income really starts to separate itself from a regular paycheck.  The raw truth is that dependence on a single income source is really dangerous – you’re only an economic downturn or angry boss away from losing it all.

When you develop alternative forms of income, you can not only build a bigger emergency fund and nest egg, but you can enjoy the security of knowing that one change won’t wipe out your inflow of cash.

And as your side pursuits mature, you’ll likely find that you can automate (or hire out) much of the work and create passive income that supports you without direct investments of time – that’s true financial freedom!

4. Opportunity for Something BIG

What starts off as a modest attempt to make an extra $200 could grow into something much, much larger.

Many of the world’s most successful companies started off as side ventures or small solo pursuits…have you ever watched Shark Tank?

The fact is that you never know where the market may take you – a simple idea can strike it big and grow into a massive success.  That’s exciting!

5. Help Others

One of the awesome benefits of doing good work is that you get to help others in the process.  The best way to make money is to provide genuine value by helping people.

While you may feel this in your day job, there’s a good chance that your side hustle will connect you more closely with the value cycle and let you experience the real joy of helping others.

6. Lifelong Learning

One of the surprising benefits I’ve found in developing side businesses is that it’s incredibly intellectually stimulating.  It’s much too easy to get bogged down in the day-to-day demands of a regular job and never stretch your thinking.

When you do work on the side, you’ll gain entirely new skills, feel excited to learn something new, and then get to implement it right away to grow your income.

7. Fund Your Dreams

When you think about your dream marriage, there’s a good chance that money will play a role in the lifestyle you desire.  I’m not necessarily talking about sipping drinks by the beach, but enjoying the freedom to live life on your terms.

In our case, it was our side income that was instrumental in allowing Bethany to stay home with our kids two years ago.  Only through side gigs were we able to pay off $54,500 in debt and position our family for the future we desired.

BONUS: Family Bonding

Are you thinking that developing a side income is going to steal too much quality time away from your family?  I totally get that, and it’s a legitimate concern.

It’s all about how you set your business up both in terms of how many hours it requires of you and how much of that time is solo.

When you see the list of former and current businesses we’ve done below – you’re going to think I’m insane and that I must have an extra 8 hours in the day…but the reality is that each side gig is set up strategically to minimize the time required (and we’ve dropped most dollars-for-hours tasks over the years).

One surprising benefit that we’ve found with our side pursuits is that we can actually enjoy some very high-quality time together.  As I note below, my son is my “partner” on one business, and Bethany is absolutely involved in Engaged Marriage and Fit Marriage.

You should view your side business as a real opportunity to connect around an interesting project that benefits the whole family!

How to Make It Happen (and What We Do)

If generating a side income was easy, you’d already be doing it, right?  Maybe.

It can certainly be intimidating but it’s probably not nearly as hard as you think.  Here are the three main suggestions I have for you as you consider how to generate side income:

  1. Start With What You Know
  2. Go Low-Cost & Low-Time
  3. Get Your Spouse & Family Involved

We’ve built different streams of side income throughout our 14 years of marriage.  When we started out, we traded more time directly for dollars, but we’ve learned along the way and also taken advantage of the power of the Internet.

Here are several examples of side income streams that we’ve enjoyed in our household along with a short description of each.

BONUS: Be sure to click here to grab our FREE guide "How to Find a Profitable Side Income Idea in 15 Minutes"

  • Golf Club reselling

This was one of the first side businesses I did, and it was quite profitable with more than $1,000 a month in income.  The model works for lots of different items, but I got into golf clubs when I was trying to find the right set for myself (this is often how I find business opportunities).

In a nutshell, I bought clubs locally (through Craigslist mostly), cleaned them up, and sold them nationally through Ebay.  It’s a classic case of buying low in a local market and selling higher to a broader audience who will pay true market value.

I only quit doing this because it was too time consuming for me to travel around the region buying the clubs, and we discovered more passive income streams.

  • Tutoring

Both Bethany and I have tutored kids in various subjects, and it’s a nice way to make extra money.  I still tutor a neighborhood high school student in math occasionally as a favor – I enjoy it and we use the money to pay our kids for household chores.

  • Teaching (online and offline)

There are SO many opportunities to teach what you know to others.  One the best ways to do this is to create a simple course on a platform like Udemy where you can reach the world.  You can create the course once and sell it many, many times.  I have one course on Udemy currently.

I’ve also taught engineering courses at a local University, which I found quite fulfilling.  This is more dollars-for-hours in scale, but you may find it’s a great fit for you to teach locally or for a college online.

  • Writing

If you enjoy writing, there are pretty much limitless opportunities to get paid to write.  One of the best places to find work is through blogs you enjoy – we employ four awesome writers here at Engaged Marriage.

I’ve written for other blogs for pay in the past, and I’ve also written articles for magazines.  They pay better, but of course this requires more work and specialized skills.

If you want to take it to another level and develop more passive income, you can absolutely self-publish a book!  The Kindle platform in particular makes it easy, and you can also have Amazon convert your ebook to paperback.  I’ve written three books personally, and they all generate a nice passive income through Amazon (and other platforms).

  • Engaged Marriage

This very site is a robust business with income from books, workshops, advertisements, affiliate relationships and coaching.  It is FAR from passive with nearly 400 posts written mostly by me and a continuous effort is required, but it’s a true labor of love getting to help others live a married life they love.

  • Fit Marriage

I’m also a partner with another online site/business called Fit Marriage where we help busy couples make fitness a key part of their marriage.  We have numerous income streams, but our primary revenue comes from a fitness program we developed for couples called Thrive90 Fitness – it’s pretty much completely passive at this point.

  • MLM (Team Beachbody)

One of the easiest ways for people to get started building a side income is through a multi-level-marketing (MLM) company.  There are many successful companies out there like Tastefully Simple, Mary Kay, Thirty One, etc. – just think of “home parties” you’ve been invited to and you’re likely thinking of an MLM.

Through my work at Fit Marriage and my past experience with the P90X fitness program, I became a coach with Team Beachbody.  This is the MLM company behind many of the most popular at-home workouts out there.  I treat this pretty passively, but it generates a nice income and discounts on their products.

  • Coaching & Consulting

You can get paid really well for sharing your expertise and guidance with others.  I don’t even advertise these services, but I’m able to generate a very nice side income through coaching and consulting.

You can coach/consult on just about any topic that you have specialized knowledge in.

In my case, I help married couples achieve their dream marriage through strategic planning (set big goals and follow a step-by-step plan to achieve them), and I consult with folks on getting control of their schedule and being more productive.

I also do consulting to help others get started or ramp up their online businesses.  It’s so fun to apply what I’ve learned in six years of online business to help others generate real income to help their families.

Like I said, I’ve never even advertised these services (people contact me), so there’s clearly a real demand out there for help.  If you’d like to chat about working with me in either of my specialty areas, shoot me a message. 😉

  • Shin Splints Treatment Kit

This is my latest venture, and I love it because it’s really specific, pretty passive and I get to teach my 10-year-old son about business.  When I got into running about 18 months ago, I suffered BAD from shin splints.

Long story short, I found a quick treatment regime that really helped me and some of my friends (I actually just ran my first marathon two weeks ago).

In the process, I found an opportunity (you develop this mindset once you start a side business) – all the materials I needed to do the treatments were only available from random sources and at pretty high prices.

I simply created a short guide on how to do the treatments, then found wholesale sources for the materials needed (foam roller, ice packs, resistance band).

I shot a 5-minute shin splints instructional video to put on YouTube and put the Shin Splints Treatment Kit up on Amazon.  With NO marketing, we make several sales every week with profits per kit of $15-$22 depending on shipping costs.

My son Braden packs the boxes for me and helps me with shipping.  I pay him $1 from every sale, and he loves it.

This is an awesome way to teach about the entrepreneurship and have fun together while helping others!!

OK that’s quite a list – so we clearly LOVE side businesses!

Keep in mind that we’ve had small children in our home that last 10 years, and I still work a demanding full-time engineering job (that I love).

You can totally do this. You’ll notice that a lot of our endeavors have been centered online, which we love for the flexibility it provides, but I know many other couples who thrive with “real world” businesses helping those in their community.

It all starts with one simple idea and a smart action plan…and I know just the guy to lead you on that front!

Want The Exact Steps We Use to Make Extra Money On the Side?

I can only share so much in a blog post before it becomes ridiculously long, but if you’re interested in learning more about creating a side income for your own family – we’ve got you covered.

We created an amazing program with my friend and New York Times best-selling author Dan Miller called “How to Make an Extra $500 per Month on the Side to Bless Your Family” and you can get instant access to it right now.

In this program, you will learn…

  • The difference between a side business and a side job (this is critical if you want to leverage your time)
  • How to start a simple side business that will bless your family with extra freedom, fun & opportunity (plus money of course)
  • The best types of side businesses for busy married folks… including many real-life examples from Dan (married 45 years), Dustin (married 14 years) & those we’ve worked with personally
  • How to find the right side business for you… even if you have no ideas right now
  • How to get started earning a side income this week… there’s no reason to wait!

Even if you have no business experience at all.

How To Make Extra Money On The Side Without Spending All Your Spare Time Working

Click here to get instant access to the side income workshop at amazing value!

Top 5 Money Fights & How to Avoid Them in Your Marriage

By Dustin | Finances & Careers

Top 5 Money Fights & How to Avoid Them in Your MarriageIt’s no wonder that money is the number one cause of arguments among married couples, as money has enough power over us to be considered the root of all evil.

Money isn’t inherently good or bad — it’s just paper.

What money represents to us individually is the issue that can cause problems.

Let’s learn more about the five most common money fights affecting couples, and how you can avoid them in your marriage:

1. My spouse controls all the money, and I’m left in the dark.

It’s dangerous for one partner to control all the finances, as marriage is about partnership.  Even if one spouse is better with numbers, you both need to have a clear understanding of your total financial picture.

If you both know where you’re at financially, and where you want to go, you can make decisions together as a team.

Solution: Schedule monthly “Money Dates” with your partner. Use the time to review your spending, savings, and big picture money goals.

If talking about money leads to arguments, take a couple’s money course or hire a financial planner who can help you determine if you’re on the right track financially.

2. We don’t agree on how much money to spend on the kids.

This argument is more likely to happen when one parent is in charge of the household shopping and the other one only sees the statements.

These fights will be even more dramatic if one spouse is a natural saver and the other is a spender.

Solution: Switch shopping roles and have your spouse do the shopping for a couple weeks, so they can see how much items really cost. You can then sit down and brainstorm the best way to shop and save money in the future.

Remember, you’re on the same team, and you both just want what’s best for your kids.

3. I love to shop, but my spouse is a saver.  

A healthy marriage is based on trust which means couples shouldn’t micro-manage each other’s every purchase.

It’s also important that one spouse’s spending habits don’t sabotage the couple’s financial goals.

Solution: Set a spending limit. Choose an amount that you and your partner can each spend per month without having to talk to one another other first. If the potential purchase is more than your spending limit, talk about it first.

Remember to be flexible and open, and listen to each other’s points of view.

4. I have debt, but my spouse doesn’t. We can’t agree on how to pay it off.

It can be difficult to decide the best way to handle old debt, especially when one spouse comes into the marriage debt free.

It’s important to fully disclose your financial situation and make a plan together.

Solution: Stop thinking in terms of “yours” and “mine.” You’re married now and that means your financial lives are merging.

If your spouse is paying interest on old debt, that’s less money the two of you can save for the future. Sit down together and add up all of your debt and savings.

Make a plan to pay off the debt quickly and start working on your financial goals together.

5. I’m very conservative, but my partner is a risk taker.

Being opposites isn’t always bad because it can help you to have balance.

After all, you’re not likely to reach your big picture financial goals by hiding your money under a mattress or by gambling it away in Vegas.

However, you do need to take on a certain amount of “smart” risk in order to earn enough of a return to reach your money goals.

Solution: Find the balance between the conservative in you and the risk taker in your spouse. This is where a financial planner can help.

A financial planner can assist you in determining a “smart” level of risk that will allow you to both feel comfortable.  Or if you prefer a DIY approach, check out the Engaged Marriage Couple’s Money course that I co-created.

Merging love and money isn’t always easy, but we can help.

At Savvy Duo Financial Planning, Inc. we help couples tackle topics such as creating a shared budget, investing, saving for a child’s education, and planning for retirement.

We act as your money coach and financial planner, providing you and your partner the objective guidance and advice you need to reach your financial goals.

Based in Los Angeles, we work virtually with couples throughout the country.  Contact us today to schedule a free 30 Minute Introductory Meeting at http://www.thesavvyduo.com

5 Money Moves Happy Couples Make

By Dustin | Finances & Careers

5 Money Moves Happy Couples MakeHave you ever seen one of those cheesy photos of a couple leaning over with their arms around each other, looking at a bank statement with big smiles on their faces?

Yeah, those are stock photos.  They aren’t real.

Unfortunately, for many married couples, the thought of money and finances brings up quite the opposite reaction.

In the early years of our marriage, we simply avoided the topic.  Denial seemed like a pretty good solution until we woke up $54,500 in debt with our first baby on the way.

How does money impact your marriage?  Does it create tension, stress, arguments and maybe even some dishonesty?

I hope that’s not the case, but the good news is that money doesn’t have to be a strain on your relationship.

Believe it or not, money can (and should) create happiness in your marriage when you handle it right.

Not creepy stock-photo happy, but coming together around your finances to achieve your dreams can actually be an awesome way to express your love and enthusiasm for your future together.

Just don’t smile at your bank statements…who has printed bank statements anymore anyhow?

[NOTE: Don’t miss the end of this post for some very exciting news! 🙂 ]

5 Simple Money Moves to Make in Your Marriage

It’s easier than you think to change the conversation around money with your spouse.  And if there is no conversation, that’s probably a good place to start.

Check out these 5 moves that are proven to bring happiness to couples who make them happen.

1. Create a Simple, Goal-Oriented Financial Plan

What are your dreams as a family?  What will it take financially to make it happen?

This is where a plan becomes essential.  It doesn’t require anything fancy, but it does require a good, open dialogue about what you actually want out of life and a goal-oriented game plan for how to take action to achieve the dreams you share.

In our case, it was a “money date” and a lot of conversation that helped us realize we both wanted deeply for Bethany to be a stay-at-home Mom for our kids.  Once we set that as a big goal, we were able to plan a path forward to make it a reality.

2. Make a Simple, Non-Boring Budget

If the “B-word” makes you cringe or throw up in your mouth a little, have no fear.

A budget (you can call it a family spending plan if you’d like) can actually be really simple and still be effective.  There are also lots of great tools to help you get going painlessly.

But the bottom line is you do need to get your income and spending down on paper so you can get real about your cash flow and where you’d like to direct it.

As our friend Dave Ramsey says, “A budget is telling your money where to go instead of wondering where it went.”

3. Pay Off Debt & Save Money (Fast)

I know this one falls squarely in the “easier said than done” category, but it’s going to be easier than you think once you get going with a motivating plan (#1) and a simple budget (#2).

As freaked out as we were to realize how deep we had gotten into debt, we were also really pumped up to get it paid down so we could realize our new-found goals. And it truly made us happy (freakin’ ecstatic really) to kill debts as fast as possible and celebrate when we met that monster goal of debt freedom!

This is probably an area you’ll need more specific help with – more on that in a minute.

4. Start a Savings & Investment Plan to Support Your Future

I know investing isn’t exactly the sexiest topic, but it’s extremely important to your long-term success and happiness.

If you don’t already know why Albert Einstein called compound interest the most powerful force in the universe, you should look it up for some great motivation to start investing as soon as possible.

It’s never too late and never early enough to start putting some money into high-quality investments that will bring you peace of mind for all of those decades of awesome married life that’s ahead of you.

5. Discuss Money with Your Honey Regularly

Like so many important things, the key to successfully managing money in your marriage is good communication.

The happiest couples have an open and ongoing dialogue about their income, spending, saving, investing and their goals.

This very likely won’t come naturally, so it’s important to have regular “money dates” where you spend some time chatting about money…and more time drinking wine and enjoying the financial peace in your relationship!

Are You Ready to Take the Next Step with Your Money & Your Honey?

These 5 steps are pretty simple on the surface, but of course implementing them can be a challenge.  Lucky for you, we’ve got you covered.

We’ve teamed up Ann Arceo, an awesome couples financial planner from The Savvy Duo to create an easy-to-follow program called “How to Get Control of Your Money & Create the Future You Desire Together

We walk you through these 5 key money moves and showing you exactly how to make them happen in your marriage.

Plus, you’ll have the help you need to overcome the other money frustrations you’ve probably encountered…

…from trouble getting started (or staying on track) to a reluctant spouse.  And we’re giving you all the cool tools you need to make it as easy as possible!

Click Here to Start Your Money Makeover!

How to Get Control of Your Money and Create the Future You DesireTogether (1)

The best time to start your new smart money plan was yesterday – the next best is TODAY so don’t delay. 🙂

6 Tips for Creating a Household Budget

By Dustin | Finances & Careers

6 Tips for Creating a Household BudgetThey say opposites attract, but opposite views on finances can lead to dangerous territory in a marriage.

Many couples run into issues when they realize that one is a saver and the other is a spender.

One of the best ways to help lower financial stress in your marriage is to create a household budget.

Examine All Your Spending Habits

The first step to creating a household budget is to figure out exactly where you and your family are spending money.

When you’re writing down the categories you spend money on, don’t forget to include regular necessities that occur every month, such as groceries, mortgage or rent, utilities, credit card bills, and other loans.

Next, count in variable expenses such as emergency savings, vacations, and money for dining out. Once you’ve accounted for every expense you can think of, subtract the expenses from your household income.

It’s very possible that you’ll end up with a negative number at this point.

Find Categories Where You Can Cut Spending

If you do come up with a negative number, that means you’re spending more than you’re making. While it’s hard to do, you have to go back through your categories and figure out where you can cut spending.

The first categories you need to work with are the recreational ones.

While it’s not enjoyable, cutting back on money spent for vacations and meals out during the short term will help you reach stability in your budget for the long term.

Create a Weekly Budget

After you’ve decided where you can cut expenses, it’s time to create a weekly budget. Weekly budgets are better than monthly ones because they’re easier to create and they leave less room for error.

While you’re creating your weekly budget, don’t forget to plan for emergencies and put aside money for special occasions such as holidays and birthdays.

Make a Plan for Leftover Money

As your budget starts to become firmer, you should start to have some money remaining every month.

While you can certainly spend this money on the recreation categories that you had to cut from earlier, you should plan to save some of that money as well. After all, while one reason for setting a budget is to help you stay in the black, it’s also supposed to help you create a healthy savings.

Whether you invest this money in a mutual fund, add to your savings account, or make an additional contribution to your retirement fund, it’s important to create a plan and stick with it.

If you just let this money sit around, you’re less likely to save it and more likely to spend it.

Pay With Cash

One great way to stick with a budget is to prevent small expenses from adding up.

To do so, figure out how much you spend every week and take out just enough cash to cover those expenses. When you use cash to cover discretionary expenses, it’s easier to prevent overspending than with a debit card or credit card, where small expenses can add up before you even realize it.

When you see that you won’t have much cash left if you get that extra cup of coffee in the morning, you’re more likely to skip buying items that you don’t really need.

Sign Up With a Budget Website

If you’d like an online tool to help you create and balance your household budget, consider signing up for a website like Mint.com or You Need A Budget.

To begin on this free money-management website, simply use a device like one of the best 2-in-1 laptops from Lenovo to link all your financial accounts. Since these PCs can convert into a laptop, tent, stand, or tablet, it’s easy to use these powerful tools to help you manage your money, regardless of where you are or what you’re doing.

Simply add your expenses in typical categories, including gas, groceries, and credit card payments and create a budget around your spending patterns.

To help prevent financial issues from entering your marriage and causing stress, it’s important to work together to create and follow a budget.

Use these tips to make your own household budget and see how you can change your spending and saving habits.

 

(photo credit)

How to Say Good-bye to Limiting Financial Beliefs

By Kim Hall | Finances & Careers

good bye to limiting financial beliefsPersonal money management has two very important, but unequal, parts.

The how-to is actually only about 20% of the equation, while your behavior holds the overwhelming majority of the control.

The nuts and bolts of the how-to are easy ones to address, but your behavior is a more interesting matter.

Your behavior is guided by your core beliefs: what you value, what is appropriate, what is possible, etc.

As a married couple, that makes handling finances all the more interesting, because you each bring different beliefs to the table.

Core beliefs can help you see a world full of possibility in successful money management, or they can cripple your movement forward.

History is littered with examples of limiting beliefs:

It’s impossible to sail around the world.

There will never be a true flying machine.

Humans cannot run a mile in less than four minutes.

Fortunately, pioneers existed who didn’t share these sentiments.

They broke through the barriers and set new standards of what was possible.

Self-limiting beliefs are psychological barriers that get in your way.

Here are five self-limiting beliefs and examples of how they might show up in your conversations.

Hopelessness.  “There’s just no way to get out from under all the money we owe.”

Helplessness.  “We’ve always been clueless about money management. It’s just too complicated.”

Uselessness.  “It doesn’t matter what we do. There’s always something that sets us back.”

Blamelessness. “It’s not my fault. My parents never taught me. My spouse is the problem.”

Worthlessness.  “We’re just not meant to have enough money. It’s just the way things are.”

There are many other shapes these can take.

Pay attention to the chiding voices in your head and the negative things that roll off your tongue to identify yours.

However, if one or more of these already resonates with you, that’s actually good news.

Being aware of a limiting belief is not much different than realizing your foot aches because there’s a pebble in your shoe.

You aren’t going to be able to achieve a fitness goal, whether walking regularly or becoming a marathoner, until you take care of the pebble.

Similarly, you need to say good-bye to limiting beliefs to clear the way to setting and achieving financial goals.

Saying good-bye to limiting financial beliefs

Identify your self-limiting beliefs about money. Note that these are typically so deeply ingrained you and your spouse treat them as the absolute truth. They are not. Take note of the beliefs above that resonated with you. This is critical because you will remain stuck in an unhealthy financial place until you deal with these obstacles.

Recognize your mind is really, really, attached to these beliefs. Your mind will automatically go in search of evidence to support the beliefs, even when there may be much more evidence to the contrary. 

In Stop Saying You’re Fine! Mel Robbins writes about what happens in your mind when you’ve been stuck, and you begin entertaining some game-changing thoughts.

It’s a constant battle between your game-changer thoughts (lose weight, start a business, find love) that want to upset the current order of your life, and the protective thoughts (I don’t feel like it today, what if I get hurt) that want to preserve order by keeping things the same. Your mind is always scouting all the incoming signs from the outside world, and trying to make predictions about what might happen next, all in order to maintain a high level of safety and a reduced level of risk. When it sees a threat of any kind, it finds a reason to retreat. It’s the wet-blanket theory of motivation. If your mind can kill a great idea by dampening it with emotional turmoil, it will.

Now that you have the tactical advantage of greater awareness, you can take the next step.

Ask quality questions to help bust those beliefs.

Author Jay Arthur shares simple ones:

If you believe “It’s hopeless,” ask “How is it possible?”

If you believe “I’m helpless,” ask “What do I already know about it?”

If you believe “It’s useless,” ask “How is it desirable?”

If you believe “I’m blameless,” ask “How am I responsible?”

If you believe “I’m worthless,” ask “How do I deserve it?”

Pull examples large and small from all parts of your life, not just the financial area. Sometimes your spouse is much better at seeing where you have been successful, so ask each other for input. Be sure to be encouraging, supportive, and open-minded in this conversation. Read stories from and about people who have walked this road before you and have help and hope to share. Dustin has great resources on money and communication, and here’s a Pinterest Board devoted to Debt Freedom stories.

Take action and create new beliefs in their place.

When you look at the list of limiting beliefs, you will see they can all be transformed by gathering more accurate information that contradicts and undermines them.

Hopelessness turns into possibility when you see the ways different families have successfully tackled debt, and you take one or more of those strategies on as your own.

Helplessness is replaced by capability when you learn the simple steps to creating a home budget.

Uselessness changes to purposefulness when you envision how wise financial management is desirable and doable for your family

Blamelessness becomes empowerment when you embrace the satisfaction and growth that responsibility brings.

Worthlessness evolves into value when you realize you are able to not only provide well for your family, but also to help others, too.

With each step you take, every dollar you control, your hope and confidence will grow.

Your belief in yourselves to truly be in charge of your finances will strengthen, and your marriage will be healthier as well.

Comment: Which limiting belief do you struggle with the most?

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