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Your Budget is Your Plan This episode is all about developing a Budget which is your financial plan. The Budget is your yellow brick road to financial success. We are almost finished with the series of episodes on mastering the basic principles of money.  The would be principle number 3. We talked about Saving and Investing money, now we're discussing how the budgeting process works. I cannot over stress the importance of the budget. It is vital to your financial success. It is your plan. If you do not have a plan you will fail. But, there is hope because the opposite is also true. With a well thought plan you will succeed. Through this series on budgeting I will be sharing a number of resources with you. One of which is my favorite app, Mint. Mint is a great personal finance app that allows you to track your spending, they also remind you of when your bills are due. Mint is a great app for the disciplined person as with Mint you have to be your own accountability partner. Use Mint to budget, save and invest. The app lets you connect everything from your bank account to your credit card accounts. I'm bringing on a new sponsor next month, Forward Financial Professionals. Forward Financial specializes in personal finance. We help you budget and stay on track with your budget. you'll be hearing much more about how Forward Financial can help you develop your Budget and plan for you future. In the meantime visit the app store to see if you can find a good app that can help you accomplish your goals.  If you have not listened to the episodes in saving and investing please do so before you get into the budget. Through the budgeting series I will show you how to use your budget to help you save and invest. Please follow me on twitter and like my Facebook page. I'll also be starting a Facebook group and will put it on Social media so stay tuned in.

  In this episode covers the importance of understanding assets and liabilities.  Investing in assets is the main way to generate wealth.  We are continuing our journey towards making the right investments. This series will lead you down the path to creating wealth. Enjoy listening and have a wonderful holiday season. I'll see you in January!

Financial Sense Series 005 – 3 Steps To Making the Right Investments Our journey towards financial freedom and financial flexibility continues. You should be one step closer to financial success.  I hope I've made it clear, as we approach 2016 you need do nothing more to succeed from a financial perspective than master the very basic principles of money! Part of those basic principles centers around making the right investments. We need a clear cut investment strategy we can apply to our lives to become successful investors. We invest every day, we simply buy the wrong merchandise. In this blog post I’m highlighting a three step process you can use to start making the right investments. Please listen to my Podcast Episode 4 and 5 so you can have a full understanding about how investments work. https://itunes.apple.com/us/podcast/financial-sense-series-podcast/id1042937975?mt=2.  Below is the 3 Step process to start investing.  Remember to follow me on twitter @mylesbush1 so you and I can stay connected Simple Investment Strategy Step. 1. Develop an investment plan. You need an investment strategy. You don't have to know a thing about investing to have a solid plan. To succeed from a financial perspective you need do nothing more than master the basic principles of money. As I've said before and will continue to say, you don't have to be an expert. You simply have to learn and apply the basic principles of money to your life. That means you need to develop an investment plan. The average American already has an investment plan, the average American makes investments every day, the average American loses money on their investment plan.  Take advantage of corporate Americas success instead of being a victim to it. Your plan should be written, and it should include focal points for your investment strategy. Your plan should answer some or all of these questions. What do you want to invest in? How much money are you going to put towards investing? What does a diversified portfolio look like? How much risk can you bear? Do I need to hire a professional for guidance? How can I use and/or redirect the money I already have to fund my investment strategy? These are not the only questions to consider but they are a good starting point.  Expand your view of investing to include real estate, business ownership, foreign investments, stocks, bonds, and annuit

Principle Of Investing Your Money   Today we'll talk about how important it is to invest your money. We've talked about how important it is to save and master the basic principles of money.  But, can you imagine life without financial worries or financial struggles? Can you see your self, 5, 10, maybe 15 years from now reaping the benefits and the rewards of good financial stewardship? Have you ever wanted to own a business without the headaches of huge capital investment, doing payroll, and trying to find customers?  Has the thought of creating multiple streams of passive income ever crossed your mind?  Do you want to secure a financial legacy for generations to come? Investing in the Company Friends, in this post and more importantly in this podcast series we will shift our focus to investing in the market.  As a rule of thumb we have to do a better job becoming business owner, instead of consumers.  We spend a lifetime buying products and services but we spend little to no time investing in the companies that make the products and the services we so desperately want.  Go back to what we discussed in the very first episode of my podcast.  You can succeed by mastering the basic principle of money.  The principle of investing says, you can have the product, I want to own the company and the brand. If you listen to episode 4 of my podcast I deal with the psychology of investing.  My job is to convince you that you need to invest and investing works.  I introduce you to a three step process that will help you venture into investing.  Making the right investments is what truly leads to generating wealth. I'm excited to have a conversation about investing.  Please listen to the show, but let me give you a sneak peak at the three step process we'll focus on in this series. Step number 1. Develop a plan. This may or may not be difficult for some depending on how comfortable you are with investing. But if you cannot come up with a plan on your own there are other resources out there to help you develop a plan. You need a blueprint that will help you apply all 5 principles of money to your life. Part of your plan has to cover investing Step number 2. Save as much money as you can with the intent to invest. Notice I said, save with the intent to invest.  You cannot let your money sit idle. You have to save with the intent to invest all or at least most of your savings. Circling back to step number 1 if you need to hire a professional to

Saving Money Impacts Your Life What impact does saving money have on your life?  I believe Saving is the foundational principle of money you have to master to become successful financially. It opens up the doorway to learning and applying the other principles of money to your life.  So often we let the thought of getting ahead financially intimidate us. Taking a small step towards savings opens the door ways to financial peace and prosperity. I’ll transition to investing next week but will continue to circle back to saving money. One important benefit you’ll gain from saving? Saving money on a consistent basis leads to financial discipline. It helps you build financial muscle. Financial discipline is the single most important characteristic you can have relating to money. It is the heartbeat that keeps your financial dreams breathing. Financial discipline is what leads you to generating wealth. In this episode of my podcast I talk about financial discipline which will lead you to generating wealth. This show is brought to you by our sponsor Audible. Go to http://www.audibletrial.com/financialsense to download a FREE audio book of your choice.  Audible has over 150,000 titles and it works on any mobile device.  So you can listen on the go. Save Money – Finish the Race! Saving money on a consistent basis will help you create the good financial habits you need.....to master the other principles of money.....which leads to financial success. When you don't have financial discipline because you don't save you will have the preset restrictions everybody wants to get rid of. When you don’t save and you don’t invest you are restricted, when you don’t budget, your money goes into a deep sleep, it goes into hibernation, when you need it…..it is simply not there. I would argue saving is extremely important. Listen to this audio to get a better perspective on how saving impacts your life and your bottom line. Don’t forget to get your free audio book. Go to www.audibletrial.com/financialsense. sign up for their free 30 day trial membership and get your favorite Romance, Thriller, Self Help, or Personal Finance title. Please subscribe to my podcast and rate the show.  See you next week.

My last article and podcast episode dealt with developing the right mindset as it relates to saving money.  Here I want to focus on some things you can do to start saving some cash.  Of course the short answer is cut your expenses, but in episode 2 of my podcast I give you specific expenses to cut and I share why you should cut those expenses.  Please listen to the audio for episode number 2. Manage Your Money To put yourself in a position to save, you have to know how to track money.  Tracking is important because it gives you at least a birds eye view of your financial condition.  I’ve found we fail at saving money because we think we don’t have the resources to save, even though we have not done the math.  We’ll talk more about tracking when we explore the budgeting process but you have to have a clear picture of what you have coming in vs going out.  As stated in my last post, saving money is not optional.  You are required to save even if you live paycheck to paycheck.  I just happen to believe we suffer from the paycheck to paycheck syndrome because we don’t manage our resources not because the resources are not there. Save $1000 Fast Please listen to episode 2 of my podcast for a conversation on what expenses you can cut back on.  I’ve always said you should have 6 months worth of income saved.  To most, that is unimaginable.  But, what if you could start your journey towards saving 6months worth of income by saving $1000?  I’ll let you listen to the show but there is one thing most people over pay for and that is health insurance.  If you simply spent less on health insurance premiums you could easily save $1000 or more per year.  This will not work for everyone but listen to the show and way your options.  The point is stop giving huge insurance companies money they don’t need and use those funds to add to your bottom line! I literally applied this to my car insurance, homeowners insurance, and more importantly health insurance and was able to save over $3000 per year.  Living paycheck to paycheck?  Can you use an extra $3000 per year?  You can easily use that money to c

Half of Americans Can’t Save Money! In the very first episode of my Podcast show I talk about the “Psychology of Saving Money. This conversation is one that helps you build the right mindset towards saving money. I make this point because I was shocked when I researched information regarding Americans ability to save. According to multiple sources, half of Americans can’t save money! It is unacceptable for half the population in the US to be unable to save money. I personally think it starts with the mind. So the question is, do we really have a resource problem? Or, are Americans irresponsible when it comes to saving money? Sorry for my bluntness, but someone has to bring that question to the forefront. Below are a few reference points worth looking into. I discuss these articles as well as build my case that your ability to save boils down to your mindset. Please review the following information and click the links to the articles. According to the DailyBeast in an article they published in April 2015, 47% of Americans cannot save money. Think about that for a moment. What that says is half the people in the richest country on earth can't save money.http://www.thedailybeast.com/articles/2015/04/14/47-of-americans-can-t-save-any-money.html   According to CNNMoney.com 76% of Americans live paycheck to paycheck to paycheck. That is a huge number! We can certainly do better. http://money.cnn.com/2013/06/24/pf/emergency-savings/   USA Today adds over 72 million American have no emergency fund whatsoever! http://www.usatoday.com/story/money/personalfinance/2015/03/31/millions-of-americans-have-no-money-saved/70680904/ Are you shocked? After reading the linked articles the problem we face in America and throughout the world, outside of the obvious economic challenges is our inability to understand money. Most Americans need retail therapy, which is why they can’t save. Some need debt rehab. Friends it is important to know debt, destroys wealth. Saving money is the cornerstone to wealth creation. With the staggering statistics referenced in the articles and frankly the heart drenching information it’s my personal responsibility and duty to te

Basic Principles of Money-Introduction 2 Podcast Have you Ever wondered what life would be like if you didn’t have to worry about money? What if there was a way you could learn and apply the basic principles of money to ensure your financial success? Like many Americans I can imagine you yearn for the opportunity to make a decent living, you want to make your money work for you, at the end of the day you simply want your piece of the American Dream! Here’s the bottom line. If you’re tired of the struggle, and you’re eager to learn and apply the basic principles of money to your life, then you’ve certainly come to the right place. My friends here is where lives are changed, character is built, and dreams come true.  It is time to shape your financial future. 5 Basic Principles of Money For those of you who don’t know me I’m Myles Bush. I consider myself an expert in the area of personal finance. The Financial Sense Series is the educational platform I created to share my knowledge about everything personal finance related.  This post is designed to give you a bird’s eye view of the 5 Basic Principles of Money and give you a brief intro to my Podcast!  I’m a simple guy so I want to give you the 5 principles of money you need to master in order to succeed.  You need to master all 5 principles of money to really come out on top.  So here they are:  You need to become a master of saving your money  You need to master educating yourself about your money  You need to master the principle of investing your money  You need to become a master of the budgeting process  You need to master eliminating your debt   This may sound simplistic, but it’s not.  That’s why a lot people struggle with it. I cover all 5 principles of money in depth on my weekly podcast show. Please click here so you can tune in for an in-depth conversation relating to how to learn and apply these basic principles of money to your life.  I promise, you do not have to be a financial expert.  If you want to succeed in the 21st century from a financial perspective, learn, share, and apply all 5 principles of money! That is truly the recipe for financial success.  The question becomes how do you learn these principles? Read on my friend, read on! My Podcast Countless people complain about not having the financial education, the financial system/support, or the financial background they need to succeed. Go back to the question I asked in the begi