Bill Burton, Financial Coach

Dave Ramsey’s organization has done the largest study ever conducted on the habits of millionaires. Ten thousand U.S. millionaires were surveyed. The vast majority did not receive their money from an inheritance. Many did not have high-paying jobs. In the link below, you can read about the habits of the average millionaire.   I was surprised by number 5. Maybe you will be also. For information on how you can realize your financial dreams, call me at 260-413-9589 or email me at BBurtonFC@gmail.com . https://www.daveramsey.com/blog/habits-of-millionaires-and-billionaires

Most of us have received or will be receiving a stimulus check. For some, whose income has not be affected by the coronavirus, this check is a windfall. Some need the money desperately because their income has taken a big hit during the quarantine. In the article linked below, Dave Ramsey has advice for all of us regarding what to do with our stimulus money. For information on how you can realize your financial dreams, call me at 260-413-9589 or email me at BBurtonFC@gmail.com . https://www.daveramsey.com/blog/how-to-manage-money-during-crisis?utm_source=cnl&utm_medium=email&utm_content=4.19_cnl_blog_money_dos_and_donts_control&utm_term=lampo_split_bu&utm_campaign=cnl_newsletter&campaign_id=&lead_source=Email&utm_id=cnl_newsletter&cd17=B2C_DR_CNL_DRCOM-6865_Engaged_SegD_CNL_200419&email_id=3145068 If you will live like no one else, later you can live like no one else. - Dave Ramsey

Dave Ramsey created a plan for taking control of one’s finances that he calls “Baby Steps”. These steps are a systematic way of gaining control of one’s financial future. The order is extremely important. When coaching clients I often get asked about the wisdom of paying off debt before investing in retirement accounts. The recent downturn in the stock market has shown the wisdom of the order of the Baby Steps. Most of us lost value in our retirements accounts due to the concern over the COVID-19 virus.  Those people who invested in the market and were still carrying credit card balances, lost money in the retirement accounts and still had the same or more of a balance on their credit cards Had they “invested” in paying off their debt, they would be better off when the markets headed down. Don’t mess with Dave’s Baby Steps. For information on the Baby Steps, see the link below. For information on how you can realize your financial dreams, call me at 260-413-9589 or ema...

Imagine how it would feel to be debt free. What would you do with all of the extra money if you had no more car loan payments, no more student debt payments, no credit card payments, and not even a mortgage payment? Your life would be totally different. You would no longer have worries about drowning in that sea of debt. You could take those dream vacations and have money to invest for retirement. In the article linked below, Dave explains how to get out of debt and stay that way. For information on how you can realize your financial dreams, call me at 260-413-9589 or email me at  BBurtonFC@gmail.com  . https://www.daveramsey.com/blog/how-to-pay-off-debt?utm_source=cnl&utm_medium=email&utm_content=1.19_cnl_blog_fpu&utm_term=fpu_bu&utm_campaign=cnl_newsletter&utm_id=cnl_newsletter&cd17=B2C_DR_CNL_DRCOM-6285_B-Engaged_200119&email_id=3120016

Cable TV is one of those very expensive monthly bills that many of us have come to accept without question. Maybe it’s time to start evaluating that cable bill and consider what cheaper alternatives might meet our viewing needs and save us money. In the article linked below Dave Ramsey lists some cheaper alternatives for TV watching. For information on how you can realize your financial dreams, call me at 260-413-9589 or email me at BBurtonFC@gmail.com . https://www.daveramsey.com/blog/9-cost-effective-alternatives-to-cable

According to The Motley Fool , at the same time that Americans are seeing their wages increase, they are piling up even more consumer debt. Does that seem like the smart thing to do? They should be using their additional income to pay down their debt, but instead they are charging more than ever. In the article linked below, Dave Ramsey discusses the reasons why people overspend and eight easy steps that can be taken to stop this hurtful habit. For information on how you can realize your financial dreams, call me at 260-413-9589 or email me at BBurtonFC@gmail.com . https://www.daveramsey.com/blog/the-cure-for-excessive-spending