10 Ways To Make More Money In Your Retirement Years

June 10th, 2017

10 Ways To Make More Money In Your Retirement Years

Are you retired and having a tough time living on your pension or social security?

Are you getting older and know you will have a better life if you plan ahead now, by setting yourself up to have the extra income you want, month after month?

I’m sure you want to be comfortable in your retirement years. Well, adding more income every month can make it easier.

Today I have 10 tips for you to give you some ideas to think about, for making more money after you retire.

Retirement Income Tip #1: Put your expertise to work by starting your own business.

There’s a good chance that whatever you did for a living before you retired can be the basis of a money-generating business. Just think, you already know how to do what you do. Just do it as a business owner or a freelancer and you could set yourself up to bring in income as long as you want.

Retirement Income Tip #2: Become an Uber driver.

If you live in an area that is fairly populated to very populated, working as an Uber driver in your spare time can be a great way to earn extra income “on demand.” It’s not a bad life to be able to work when you want to and not work when you don’t.

Retirement Income Tip #3: Work part-time at your local golf course.

If you like to golf, just imagine enjoying being on the golf course every day, while get the perks of free golf and more money. Many people would rather play golf than go to work anyway. You could be the envy of your neighborhood when you go golfing every day, while earning extra cash.
Retirement Income Tip #4: Use Airbnb or VRBO to rent out a spare room in your home.

Rental income is one of the best forms of money you can make. You really don’t have to do much to earn rental money. Just keep up your property, let people know you have a room for rent. That is now easier with listing services like AirBnB and VRBO.

Retirement Income Tip #5: Try pet sitting or walking dogs for people in your neighborhood.

If you love animals and pets, and don’t mind walking them or watching after them for a few hours every day, you can earn extra cash. At the end of the day your pet “guests” go home, and you’ve had a fun day doing what you love.

Retirement Income Tip #6: Teach English online.

There are many ways to earn an income from home, like you’re discovering today. A great way to help others from foreign lands function day to day in America is to help them learn to speak English. All you have to do is become an English teacher at one of the online language programs like Lingoda.com or iTudorGroup.

Retirement Income Tip #7: Try house sitting.

Though babysitting can be a tough job, watching over homes of people who take long vacations or live in your area seasonally can be easy. These homeowners want someone to stop by their homes regularly to make sure all is well. You can be the person who stops by weekly, and earn extra spending money while you’re at it.

Retirement Income Tip #8: Turn your hobby into a business.

Hobbies are great for extra income, since you love doing whatever the hobby is. Just do your hobby as usual, then sell the things you make online. You can get started selling what you create easily, when you set up a simple Facebook or Etsy page.

Retirement Income Tip #9: Write the book you’ve always wanted to write.

Everyone has at least one good book in them. Write a compelling book on a subject others are deeply interested in, and you could have a best-seller on your hands. Imagine you on a TV talk show talking about your latest book with the host!

Retirement Income Tip #10: Make DIY video tutorials.

YouTube is a free video platform that lets you create any video you want and share it with the world. Many create “do it yourself” tutorials in areas they are good in. What can you teach people on video to help them create or do what they want?

My message today is all about keeping yourself busy in retirement in a way that keeps you sharp and young at heart, while putting more cash in the bank. If you don’t think you can do any of these suggestions, I’m here to tell you that you can. Like Nike used to say… Just Do It!

5 Tips To Save On Your Auto Insurance

June 10th, 2017

5 Tips To Save On Your Auto Insurance

According to the US Labor Department, consumers spent an average of $983 on auto insurance in 2014. This a 23% increase from just five years ago.

Since insurance rates are always on the rise, here are 5 Tips to lower your auto insurance bill.

1: Always get quotes from at least 3 different providers.

Auto insurance prices can vary greatly from company to company. Shopping around can save you a lot more than you may think.

2: Get the highest deductible you can afford to take on.

Typically the higher the deductible, the lower your premium will be. You’ll pay more when you have an accident, but if you’re like most people who haven’t had an accident in years, you stand to gain from the lower monthly premiums.

3: Before you buy a car, check on the insurance cost.

If at all possible, make this one of your research steps before getting a car. The fact is, some cars have cheaper insurance costs, and some cars have much higher costs. If you put off getting that sports car you want, and make do with a family car for a few years, you’ll enjoy fairly low insurance costs, depending on where you live.

4: Pass on collision and comprehensive coverage if your car is an old clunker.

If your car is really old, you might be paying more in insurance than the car is worth. Use this calculation to see for yourself…

Add your comprehensive and collision premium together and multiply the total by 10. If the number is more than the value of your car, then you should pass.

5: Work to increase your credit score.

Most companies use your credit score to determine your premium. A lower credit score could increase your payments by up to 50%. So it pays to do what you can to increase your credit score. Starting with getting your credit report, and having any mistakes corrected which may be affecting your score in a negative way.

Since you have to pay auto insurance every year, cutting your insurance expenses can really add up.

6 Tips For Dealing With Debt Collectors

June 10th, 2017

6 Tips For Dealing With Debt Collectors

Dealing with debt collectors can be a nightmare for you and your family. Some of the tactics they use are questionable and very annoying.

Even though you may be having financial difficulties, just know you do have rights. When you approach your debt problems the right way, you can make a bad situation better.

This means stopping phone calls from creditors at all hours, receiving certified mail that requires your signature, and putting an end to dealing with the shady tactics involved in this industry.

According to Bankrate.com… when facing debt collectors, keep calm and follow these 6 smart tips:

Collections Tip #1: Get the information in writing.

Within 5 days of contacting you, a debt collector must send you a written notice with details of the collection. Ask for this letter before engaging with them.

Collections Tip #2: Dispute the debt in writing if you don’t believe you owe it.

Send the collection agency a letter within 30 days of receiving their notice. Either tell them why you do not owe this debt, or offer to enter into a payment arrangement.

Collections Tip #3: Keep a record of everything.

Make a log of your calls, your emails and letters with the collection agency. Proving that you have made an attempt to deal with them can help.

Collections Tip #4: Watch what you say.

Remember, they are trying to probe to see if you have the capacity to pay. Say little as you can and always stand firm when talking to a collection agency.

Collections Tip #5: Offer to negotiate your debt down.

Times are tight and debt collectors are looking to get whatever they can. Start out by offering 10 to 15% of what they say you owe. If you can work it out that you’ll pay 20% of what you owe, consider this a win.

Collections Tip #6: Get any deals in writing.

Think before you pay. Before you part with one dollar, make sure you get the pay off deal in writing. This way when a collector tries to pressure you for more, you have proof of the terms agreed upon.

The fact is, if you’re having trouble with debt, there may be other options that work more in your favor. 101 Financial helps families with personal finances out of control every day.

Getting the help you need is as easy as booking your free phone consultation with one of our 101 Financial Instructors.

5 Tips For Investing In Rental Properties

June 10th, 2017

5 Tips For Investing In Rental Properties

Have you ever considered investing in rental properties?

Having a few income-generating properties in your portfolio is a great way to supplement your income, build wealth and set up your family’s next generation financially.

If you like the idea of having properties you own, that generates income for you each month…

Here are 5 tips when investing in rental properties:

Rental Property Tip #1: The goal is to earn a profit.

It is critical you start with this mindset before dropping a dime into a property. A rental property that puts you more in debt, without having the upside of profit that gives you passive income, is not a smart move.

Rental Property Tip #2: Pick good houses in good neighborhoods.

As you can imagine, there is no sense in becoming a landlord in a bad neighborhood. When you focus on acquiring quality properties, you will usually attract better tenants who appreciate you and have a greater profit potential.

Rental Property Tip #3: Know where you buy.

You want to be the expert in your town when it come to real estate. You should know the key numbers like… average sales prices, taxes, rental income, vacancy rates and handyman service fees.

Rental Property Tip #4: Don’t pay retail prices unless it’s a sweet deal.

Buy properties that are undervalued, that is where your money will be made. Try to envision what the place could be like with a little work, and not necessarily what it looks like now.

Rental Property Tip #5: Become a student of real estate.

Learn as much as you can about investing in real estate in your area. Read books, listen to podcasts and speak with and interview other investors. An educated investor is a wealthy investor.

Then get out there and pick up your first rental property. You will learn more by getting started doing than by being stuck in studying mode that any other approach.

Back on Track

June 10th, 2017

Saad

Prior to being on the 99 Financial Program, our finances were a disaster. We had no budget plan whatsoever. We just spent our hard-earned money carelessly.

My Fiancé also had seven different credit cards that he could not keep up with anymore. All seven went into collections. Because of all the missed payments on our credit cards, our credit scores were very low. Not being able to qualify for the 101 Financial System right away was very discouraging to us. However, we knew we had to start getting serious about our finances.

We were introduced to 101 Financial by my friend Noralyn who is also our 101 Instructor. Being on the 99 Program, we knew we would have to make some sacrifices to get where we want to be.

We learned to do three month projections which taught us how to plan ahead and budget better. The projections helped us keep track of all of our spending. We also learned to automate our monthly bills so we never miss a payment again.

Five months ago, we were able to open up a secured line of credit and now bank at one place. Before this, we had several checking and saving accounts at different banks. Banking at one bank makes it so much easier for us to keep track of our finances.

So far, we paid off $3,522.67 of debt while on the 99 Financial Program. That’s five out of seven credit cards taken care of so far.

Our credit scores jumped a little over 50 points each and are starting to slowly increase. This is something I thought was impossible.

Our goal now is to pay off the rest of our debt, continue to bring our credit scores up and graduate to the 101 Financial System.

Thank you 101 Financial for helping us take control of our finances. We feel so much better!

– Kimberly Saad

From Stressed To Blessed

June 10th, 2017

Alo

We first heard about 101 Financial in 2013. We moved from Utah to Hawaii so Kaeo could attend school and play football. He was going to school full-time and not working much, so we didn’t think we would benefit from the 101 Financial System.

After Kaeo graduated, he was accepted into the University of Utah. Our journey brought us back to Utah. We stayed with my parents for about two months and got our first place in Provo.

We were so excited and thought it would be a cinch living in Utah.

Everyone knows financial struggles are everywhere. This was the first time we were ever making car payments, paying rent, utilities, gas bill, etc. and we were feeling it!

After only 2 short months of struggling paycheck to paycheck, arguing and trying to get the hang of being on our own, we finally decided something needed to change, when we had missed a bill and needed to borrow money to pay it.

We gave 101 Instructors Sheallene and Kimo a call. Although I was hesitant, I knew we needed financial help.

We started in the 99 Financial Program and holy smokes… IMMEDIATELY we felt such an incredible difference in our attitude toward each other, and saw a difference in our finances.

WE ACTUALLY STARTED SAVING!! By writing each dollar down, we were able to track where everything was going, even our “play money.” We advanced to the 101 Financial System and set a goal to pay off our one debt… our car. After 3 months, we paid our car off and had about $2,500 in our savings!

To some people having that much in savings may not be a lot. But for us, coming from not even having a savings account, it felt so amazing!

We have been able to plan and take trips and we are able to give our children things that we could not afford before. Something as simple as multiple presents for birthdays is now a possibility for us and we are so grateful!

Our family is happier. Our kids are happier. Our marriage is happier.

We are continuing to build a savings and have set goals that before, we didn’t even want to try! We have been so extremely blessed by this program and are optimistic about our future! We recently became 101 Instructors and are excited to share this with Utah!

We have financial peace of mind each day and are no longer worried about whether the bills will be paid, or if we have money in savings. We are getting bills paid, building our savings, and paying off our debts.

101 Financial has taught us so much and we can’t wait to continue learning and sharing!

– Kaeokalei Alo

In Four Years We Were Able To Purchase Two Homes

June 10th, 2017

– Monica and Dan

10 Really Dumb Money Mistakes To Avoid

May 9th, 2017

10 Really Dumb Money Mistakes To Avoid

Did you know the number one cause of divorce is money problems? It’s true. This has caused millions of families to break up, which is a shame.

According to USA Today…70% of couples argue about finances. More than half say the fights stem from what one spouse saw as a frivolous purchase. Yet there are many other causes of families having financial difficulties.

Here are 10 really dumb money mistakes to avoid, so you don’t have to get into any more arguments with your spouse or partner about money:

Mistake #1: Spending more than you earn.

This is the number 1 reason why families get in over their head with bills and credit cards, leading to personal finances out of control. That’s why one of the first things we teach our students is knowing the concept of “money in” vs. “money out.”

Mistake #2: Not saving anything.

Not having a fund set aside for a rainy day will make your stress level go through the roof when you find yourself with a real emergency. Make it a point to take 10% of what you earn, and put that in your savings account each month.

Mistake #3: Living in a place you can’t afford.

This is another financial disaster waiting to happen. If you can’t afford where you live, that means you’ll probably rely on other means to meet the bills every month, which is usually a credit card or a personal loan.

Mistake #4: Missing out on a 401k match from your employer.

It’s really a “no brainer” to contribute to your employer-funded 401k. Each time you do, up to a certain amount, your employer will add the same amount to your 401k. As the years go by, you can build a nice next egg, or retirement fund, with your boss’s help.

Mistake #5: Failing to invest savings.

While it’s essential to put aside some of the money you earn into your savings account, that money won’t make you much in return on it’s own. That’s why investing some of your savings wisely is so important.

Mistake #6: Investing with greed or desperation.

If you are expecting to make a million dollars in one year, or you’re investing because your financial back is up against a wall and you need a return on your money fast, you’ll most likely be disappointed with your results.

Mistake #7: Tapping into retirement funds early.

There are many different ways you can earn extra income if you really think about it. Even if this means getting a second job or starting a home business, that’s better than dipping into your retirement funds, that you may find hard to replace when you’re older and not working.

Mistake #8: Waiting too long to get life or disability insurance.

After you get injured and can’t work, or you pass away, is not the time to protect your family with insurance. Be proactive with your family’s future. Did you know that many life insurance policies can build cash value over time? It’s true.

Mistake #9: Failing to make a will.

You remember what happened when Prince died, right? I think there is still a probate court case going, with people who say they deserve a cut of his fortune. Don’t leave your legacy up to the courts. Making a will is fast, easy and inexpensive… even free. You can create your simple will for free, with the easy steps you’ll find at LegalZoom.com.

Mistake #10: Following a cookie-cutter approach to building wealth.

The fact is, the world of finances changes like the seasons. You must stay informed about trends and problems that can help you build your wealth, or that may decrease your wealth without you even being aware. This is why it’s always smart to have a qualified financial advisor in your corner.

7 Tips For Avoiding Those Sneaky Hotel Fees

May 9th, 2017

7 Tips For Avoiding Those Sneaky Hotel Fees

Hotels are becoming more like airlines every day, adding a bunch of fees that makes staying at most hotels super expensive.

Beside the resort fee, you may also get charged for early check in fees, cancellation fees, baggage storage fees, Wi-fi fees and parking fees.

Here are 7 tips to avoid those sneaky hotel fees:

Tip #1: Read the fine print before booking the room.

Tip #2: Sign up for hotel rewards programs, they typically offer their loyal customers free services.

Tip #3: Don’t store your snacks and drinks in the mini bar, they monitor usage in some hotels. You could get charged for items you already paid for on your own!

Tip #4. Go to the lobby to use the free Wi-fi. You may see others there with you, avoiding these fees, too.

Tip #5: Park off site. Look for street parking or search online for nearby parking that may be cheaper than the hotel parking fees, especially if you’re staying for multiple nights.

Tip #6: Check with your credit card to see if they will waive any of your hotel fees. American Express is usually the best at giving you extra savings and perks.

Tip #7: Skip the hotel and use services like Airbnb or VRBO.com. You could enjoy a much more comfortable stay that’s more like being at home, and the property owners typically don’t charge you extra for the extras.

6 Tips For Finding Last Minute Cash for College

May 9th, 2017

6 Tips For Finding Last Minute Cash for College

Do you have students attending college this fall and it looks like you’ll be short on cash to cover books and tuition? Don’t worry, I have a few tips to help you.

You may know, college expenses can really add up. If you find yourself in this situation, consider these 6 tips for finding last minute cash for college.

#1: Special circumstance application.

Life is complicated. Sometimes family or personal circumstances can impact your student’s academic credentials. You can relate information about family or personal circumstances in most institutions’ Common Application. You may want to seek the advice of your student’s dean or advisor regarding special circumstances.
#2: Get tax credits.

The American Opportunity tax credit and Lifetime Learning tax credit can help ease the burden for parents. The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education.You can get a maximum annual credit of $2,500 per eligible student.

#3: Low-Interest Student Loans.

Student loans are another option, but I suggest you shop around for the best deals. Only take what you need and nothing more. Also watch out for “deferment” of college fees. This means your student can go to school without paying month to month. Yet, when they’re done, they will have a mountain of debt to pay back.

#4: Cancellations.

Have you heard of scholarship cancellations? Sometimes other students change their minds and may not attend the university they are enrolled in. This may open up scholarship money for that school at the last minute. It pays to check if there have been cancellations at your student’s school.

#5 Pay Over Time.

Ask for a payment plan. Some schools will allow you to make monthly payments on your tuition. It never hurts to ask. If you can make the payments monthly, instead of deferring them until they graduate, you can help you student avoid the burden of many thousands of dollars of debt.

#6 Have Your Student Work Part-Time.

By having your student work at a job part-time, they will earn cash for college expenses. Working part-time will also give your student life experience and much needed cash to live on campus.

When Are New Mortgage Points Tax Deductible?

May 9th, 2017

When Are New Mortgage Points Tax Deductible

Most of us know we can deduct mortgage interest on our taxes each year. But what are the rules when it comes to deducting “points” paid on your new mortgage?

First lets talk about what points are.

Points are charges that are paid by a borrower, you, to get into a mortgage.

Points are considered prepaid interest. Generally speaking, because points are prepaid interest, you must deduct them over the term of the mortgage.

However the IRS says you may be able to deduct the points in the year of the actual payments, as long as you meet the following requirements:

1. The loan is for your primary residence.

2. Paying points is common in your area.

3. You use the cash method of accounting.

4. Points were not used for items like appraisal, inspection, title and attorney fees.

5. You brought the funds at closing and did not borrow the funds from a lender.

6. The points were computed as a percentage of the principal of the mortgage.

If you answer yes to all of these questions, then you can deduct the points paid for the year in which the payment was made.

101 Convinced the Biggest Skeptic

May 9th, 2017

faagau

I was a skeptic. I didn’t want our adviser, a friend, to know our financial “business” so I went into the 99 Financial Program hesitant.

It wasn’t long before we went on to the 101 Financial System, and I was still hesitant. My husband, tired of just getting by and doing banking the old way, took the lead and I am so thankful he did.

Since that leap of faith in the 101 Financial System, we opened a joint bank account (after 16 years of marriage we have never done this), our credit score improved, we bought a new car (which was something unimaginable), we have been able to travel, and our unexpected life setbacks are not as stressful using the 101 Financial System.

Our marriage has gotten better since our finances improved as well. We even have the means to bless others financially, and that feeling is fantastic!

Most recently we attended my mother-in-law’s funeral in California, all five of us! If it wasn’t for 101 Financial we know we would not have had the resources to attend as a family and say our final goodbyes.

With 101 Financial, next big step for our family will be home ownership. Can’t wait to share that story as well.”

Tamara Faagau

What an Awesome Feeling

May 9th, 2017

sevilla

“About 5 years ago, a good friend introduced us to the 101 Financial System. Upon hearing what the program was about, we were skeptical. Can we actually pay off a mortgage balance of $135,000 in less than 5 years under this plan?

It seemed too good to be true. But since Albert Ebueng, a manager of Wells Fargo Bank, recommended this particular plan to us, we went ahead.

We couldn’t believe how easy the plan was. We did our homework, worked on the spreadsheet, took notes, and became model students.

We did not change our lifestyle. We continued to eat out, go on vacations and let the plan work itself.

In just 3 years, we paid off our mortgage. What an awesome feeling that was. What plan can you possibly follow that will allow you to pay off your $100,000+ mortgage in less time? 101 Financial!

We are extremely grateful for Albert helping us achieve our goal. Without 101 Financial, we would not be experiencing the feeling of being debt-free, and we also would still be paying for our mortgage.”

Rhodel & Joan Sevilla

5 Reasons To Incorporate Your Small Business

April 3rd, 2017

5 Reasons To Incorporate Your Small Business

Are you a small business owner and you don’t know whether you should incorporate your business or not?

You see, there are 4 main choices you have when it comes to running your business.

First, as a sole proprietor or Limited Liability Company. Then there are the S and C Corps.

The SBA reports that over 80% of all small businesses are sole proprietors. All of these businesses stand to benefit in many ways, by incorporating.

Here are 5 reasons to incorporate your small business:

Reason #1. Protect your personal assets.

Incorporating is like putting up a wall between your business and your personal life. Whatever happens with your business does not affect your personal liability.

Reason #2: Add credibility and legitimacy.

When you incorporate your business, by adding LLC or Inc to your business name, you seem more like a real business, especially to those who don’t know you. Since people want to do business with credible companies, this is a good thing.

Reason #3: Build your business brand.

With an S or C corporation you have sole rights to the name of your business in your state. It is smart to have a catchy name people remember, or that include benefits of what you do. Since no one can use the same name you do, the more you promote your brand the more you will benefit.

Reason #4: Enjoy tax benefits and save money.

By electing to be taxed as an S corporation, you can avoid the dreaded double taxation. This means you won’t be taxed on your business income, plus your personal income, which in many cases for a sole proprietor, is the same.

Reason #5: Establish credit for your business.

Why rely on your personal credit for business expenses, when you can build business credit instead? This means your personal credit lines will not be affected by the amount of business credit you are using. Your business and personal credit are completely separate when you incorporate your business.

Whenever you start, change or dissolve a business entity, it’s wise to get the help of a CPA who deals with businesses and the taxes business and individuals pay.

Their help will come in handy when completing your yearly tax return, and when any issues about your taxes, income or business come in to play.

Is Working from Home Right for You?

April 3rd, 2017

It all sounds great to work from home, but is it really right for you? Here are 5 things to consider before making the switch.

Simple Rules To Remember When Lending Money To Family

April 3rd, 2017

Simple Rules To Remember When Lending Money To Family

“Should I lend money to a family member or friend?”

This is a complicated question, one that I get a lot. Before you do it ask yourself this question… “Will I get this money back?” The answer will most likely be… “Probably not!”

The next question to ask is… “Will this affect our relationship?” The answer is most likely…”Yes!”

The first rule of thumb for lending money is…If you don’t have money to lend, don’t even think about it.

Secondly, establish a personal policy when it comes to lending money to family or friends. When asked, you can be strong and let them know… “Our relationship is worth more than any amount of money.”

If you have a hard time saying no, try saying it a different way. For example… you can say “Sorry, but it’s just not in my budget right now.” Or “I have a personal policy that values relationships over money.”

Next, try to help them in other ways. You can help them set up a budget or review their finances with them.

If you have to lend them money, draw up a contract and make it official. You can find contracts online that are simple and easy to understand.

Finally, if you do have the money to give, then give it to them instead of loaning it to them. You’ll be much better off, since giving is a virtue. In occasional situations, it is “doing good.” Which is much better than loaning money that you may never get back.

5 Ways to Avoid Costly Mistakes and Save More Money (Part 3)

April 3rd, 2017

5 Ways to Avoid Costly Mistakes and Save More Money Part 3

This month I’m continuing my special segment for homeowners, to help you keep more cash in your pocket. These tips will help you save money and avoid mistakes that cost you money.

See how many of these money saving tips you’re already doing, and how many mistakes you may be making now.

Keeping More Cash Tip #1: Don’t Ignore Mold

If you see mold near water pipes, waste lines, ice maker lines or plumbing fixtures, chances are you have a leak somewhere. To find the problem, let the water run while you check for water or damp spots. Remember that water can travel in any direction if it gets sucked into material like drywall or carpeting.

Keeping More Cash Tip #2: Inspect Water Heaters For Leaks

Water heaters can leak from the drain or relief valves, which are easy to replace. If a leak is coming from the tank, it’s time to take action. Over the years, tanks can crack from rust developing. Don’t ignore puddles or wet spots. A damaged tank will leave you with a flood on your hands sooner or later.

Keeping More Cash Tip #3: Replace Old Circuit Breakers

In one of our previous issues of Financial Fitness Magazine, we talked about how to troubleshoot lighting and appliances, and how you can sometimes just reset the breaker. However, when a breaker trips again and again, it needs to be replaced, or you risk serious damage or even fire.

Keeping More Cash Tip #4: Pests Like Older Houses

It’s always a good idea to occasionally take a screwdriver and poke around the wood around your windows, doors and closets. Hard wood is what you want to see. If your screwdriver goes into the wood easily, you could have bugs that eat wood, making a meal on your wood.

Keeping More Cash Tip #5: Prepare When On Vacations

If you go on a vacation with your family for more than a week, it’s a good idea to prepare your home for being left alone. It’s smart to turn off the water main. Also be sure to close and lock your windows and doors, including your garage door. This will prevent leaks from developing or getting out of hand while you’re gone, and make gaining entry to your home more difficult for would-be thieves or animals.

With all of these cases, and many more, it’s always a wise idea to be proactive when it comes to monitoring the condition of your home. Left alone, your home can turn into a money pit, and even a safety hazard, with you constantly doing emergency repairs. Be proactive. You’ll save a pile of cash and avoid a lot of headaches and stress.

Our Credit Scores Jumped Quickly

April 3rd, 2017

Cubelo

When we heard about 101 Financial, it was too good to be true! We had to try it for ourselves.

Just like everyone else out there, we had lived outside of our means and racked up several credit cards of debt throughout the years.

Within 4 months of starting with the 101 Financial System, we were able to pay off over $15,000 of debt. The reality that we could be debt free in a year or so really set in and has motivated us even more.

One major benefit of paying all of our debt off was seeing our credit scores jump so quickly.

Our credit card utilization was down, credit scores were up and we were able to get the lowest loan rate offered on a vehicle.

The knowledge we have gained through 101 Financial has helped us tremendously.

With what we have experienced in such a short amount of time, we wanted to share our story with others with hope to help guide others just as we have been.

Hillary Cubelo & John Austin

Paying Off A Car Loan Of $22,000 In Just Six Months

April 3rd, 2017

Tyson and Taylor Auger

101 Financial has blessed our family’s life within such a short amount of time.

Our journey all started when our good friend and 101 Financial Instructor walked through our house while being under construction and asked, “Do you want to pay off your house in seven years?”

We laughed and said, “Yes, if that is even possible!” Little did we know that was a real possibility for us.

After our first meeting with Alan Akina we knew that 101 Financial was a great fit for our family, and immediately moved forward with our financial education.

It’s been exciting to see our success with paying off a car loan of $22,000 in just six months, that would have taken us four years to pay off. We are now working on paying off our brand new house in six years!

We can’t imagine buying and living in a new home without the knowledge we have now. We truly have peace of mind each month when our mortgage and bills are due.

We are so grateful to have found 101 Financial, for our wonderful Instructor and the friends we have made along the way.

We have been given powerful tools to help us make our family’s dream become a reality. We are very eager and excited to see what we can accomplish on this journey.

to be continued…

Tyson and Taylor Auger

Saved $230,000 On Their Mortgage Interest

April 3rd, 2017

101 Success Story of the Week – Earl and Rochelle


Earl and Rochelle Inouye

5 Steps To Building A Solid Credit Score

March 10th, 2017

5 Steps To Building A Solid Credit Score

The last thing you want to do in 2017 is to bang up your credit score.

Having a great credit score will qualify you for the best loan rates, possibly lower your insurance premiums and even help you to get a new higher paying job.

Here are 5 things you can do today to start improving your credit score:

#1: Download your free credit report at www.AnnualCreditReport.com

I suggest you get one credit report from each of the three credit bureaus once every three months. This will allow you to monitor your credit report regularly, while never having to pay for a report.

#2: Report errors immediately.

When you receive your credit reports, check for any errors you find, like a wrong address, a credit card that does not belong to you, or bad debt that should’ve been removed. Then report any errors to that reporting service right away.

#3: Visit www.CreditKarma.com

This is where you can get your credit score, absolutely free. Just remember, AnnualCreditReport.com does not give you a credit score. They give you a credit report. By visiting CreditKarma.com you’ll get your most up to date credit score. Visit this site every few months to monitor how your credit score is doing.

#4: Don’t be late.

To maintain a good credit report and credit score, be sure to never be late or miss a payment. Even making one payment late or missing just one payment can affect your report and credit score negatively. Never paying late or missing a payment has the biggest impact on lowering your score.

#5: Improve your score. Pay off debt as quickly.

The best way I know of to improve your credit score is by paying off debt. When you pay off debt quickly, you get an even greater benefit. A good target credit score to shoot for is 750 or higher. While it may take some time and effort to raise your credit score, the effort is well worth it for the sake of your financial health.

5 Little-Known Tax Deductions

March 10th, 2017

5 Little-Known Tax Deductions

Did you know the more tax deductions you can find and use, the more money you will save? While this is great, knowing the available legal tax deductions is half the battle.

According to TurboTax, here are 5 little-known tax deductions to consider this year, if you haven’t filed your tax return yet. If you have filed, you can apply these tips for every year’s taxes.

#1. Are You a Working Parent?

Parents who work and leave their kids with a babysitter are eligible for a tax credit. There are certain limitations on age and percentage of the credit. So if you are a working parent, it’s worth your while to find out these limitations.

#2. Are You Moving?

If you got a new job, and it is 50 miles further from your home than your old job, you can deduct the costs associated with moving, including transportation, storage, insurance and even lodging.

#3. Work Part-Time?

If you have two jobs, and one of your jobs is part-time, you can deduct a portion of the cost of getting from one job to another each and every day you work. Over the course of a year, this deduction can really add up.

#4. Give to Charity?

We all know you can deduct charitable contributions. But did you know you can deduct the cost of transportation to a charitable event or fundraiser? You can, just be sure to keep track of your miles. If you attend charitable events often, and if you support many different charities, this deduction can add up fast.

#5. Home Office?

If you are self-employed, you are eligible for a variety of deductions that other workers can’t claim. Working at home, you can deduct a portion of your utilities, a portion of your cell phone usage, the mileage you drive for business-related activities, and even a portion of your rent or mortgage.

Now I just have to leave you with one word of warning. If you’re not an expert when it comes to taxes, I suggest you check with your tax professional first. They will know the most recent changes of what you can deduct and what you can’t. While this will cost you a fee, what you can save be going to a qualified professional will make up the difference.

Can You Really Make More Money By Sleeping Longer

March 10th, 2017

Can You Really Make More Money By Sleeping Longer

Have you ever heard the term “money doesn’t sleep” or “I’m wasting time sleeping?”

Well you are going to love this. What if you could actually make more money, by sleeping longer? According to research, you can.

Researchers have shown that those who sleep more, make more money, and have better career paths.

In a new study by economist Matthew Gibson and Jeffrey Shrader, they examined the correlation between a worker’s productivity and the amount of time they spent sleeping.

Here is what they found:

A one hour increase in average weekly sleep can increase your wages by 1.5% in the short term, and 4.9% in the long term.

These researchers also found that a one hour increase per night can increase wages by a whopping 16%.

Would you like to earn more just be sleeping more?

Here are 5 Tips for getting more sleep:

Tip 1) Set up a routine.

Go to bed the same time each night.

Tip 2) Forget the snooze button.

Instead, set your alarm for the exact time you need to get up, then get up when your alarm sounds.

Tip 3) Exercise regularly.

The more you exercise, the easier and faster that you’ll fall asleep.

Tip 4) Keep your room dark and cool.

This will let you relax and sleep deeper. Have you ever tried to sleep in a hot room with the lights on? You’ll never get a good night sleep.

Tip 5) No computers before bed.

Avoid getting on a computer or your cell phone before bedtime. Studies show that the light and radiation that come off a phone, tablet or computer display can effect your quality of sleep.

The moral of this story? Always remember, it pays to sleep.

5 Ways to Avoid Costly Mistakes and Save More Money (Part 2)

March 10th, 2017

5 Ways to Avoid Costly Mistakes and Save More Money Part 2

This month I’m continuing my special segment for homeowners, to help you keep more cash in your pocket. These tips will help you save money and avoid mistakes that cost you money.

See how many of these money saving tips you’re already doing, and how many mistakes you may be making now.

Then look out for 5 more tips coming your way in next month’s Financial Fitness Magazine.

Keeping More Cash Tip #1: Check The Reset Button.

When a light goes out, who do you call? If you’re like most, you call the local home repair company. They come out and check the situation, fix it for you, then leave you with a hefty bill. Next time a light goes out, check the GFCI, or ground fault circuit interrupter first. That’s the little red button on most newer plug receptacles and outdoor lighting. Press it, and most likely you’ll reset the GFCI and you’re good to go. Do this next time before you call for help, and you’ll save a pile of cash.

Keeping More Cash Tip #2: Test the Outlet.

Ever have one of your electronic devices stop working out of the blue? It can happen any time. Before you assume the electronic device is broken, and you go out and buy another, try this instead. Unplug the device and plug in a lamp or clock in the same outlet. If the lamp works and the clock shows the time, your outlet is fine, and the outage was just a momentary glitch. This is another way to save cash when you would usually call an expensive repair man, for something that is really simple to check.

Keeping More Cash Tip #3: Flip the Breaker.

Staying with my last example, if you find the lamp or clock does not work, don’t throw them away. Leave them plugged in, and find the box in your home where the circuit breakers are located. You’ll see all the switches will be in the same direction. When you see one that is in the opposite direction, you may have had a power surge that tripped that circuit breaker. Just flip that one breaker in the same direction as the others, and you should be good to go, without calling anyone.

Keeping More Cash Tip #4: Fixing Leaking Doors.

Do you sometime see water coming in from under an outside door, when it rains hard for a while? Do you sometime feel a cool or warm breeze coming up from the threshold? Leaving this situation alone can cost you money as cool or warm air leaves your home. Water leaking in can cause damage that will need to be repaired. Instead, get a screwdriver and adjust the screws on the threshold. As you do, the metal piece raises so it is closer to the bottom of your door. This will save you money by stopping water from coming in and stopping your AC or heated air from leaking out.

Keeping More Cash Tip #5: Inspect Your Gutters.

During different times of the year, debris from trees can collect in your home’s gutters. As this builds up, the gutters can’t do their job effectively. Let this build up for a long time, and you can develop leaks that can make their way into your home. In severe cases, the weight of debris can bring down your gutters, requiring a repair company to come to your location and fix it. As usual, when you call a service company to come to your home, you can expect a hefty bill. It makes sense to clean your gutters regularly, so you can keep more cash in the bank.

A Tremendous Difference In Our Lives

March 10th, 2017

Sheena Solomon copy

In 2009, I was a divorced mother of 2, when I met my Jason. He also had 2 children, one of which has special needs. When we met, we had both gone through very hard divorces and were forced to move back in with family.

In February of 2012, our lives changed forever. Jason and I were married and went to Lanai for our honeymoon. On the way back, while on the ferry, we received a call from child welfare services that Jason’s children were taken into the state’s custody for a situation with their birth mother. We rushed from Lahaina to pick them up.

We went through court proceedings for 10 months, and the money we saved was now being used for attorney fees. For years, we made the best of the situation, we sold pickled mango, and dry Aku to save up for a down payment again, and I learned how to coupon. But we still lived paycheck to paycheck.

After we were finally able to purchase a home, our bills grew as bills do, when you take on a bigger home. Bigger electric bills, bigger water bills, and everything else that comes with a new home.

That’s when I saw my friend Mary Jane posting on her Instagram about how she bought a home, was currently paying off her car, and paid off credit card debt. I was curious!

I reached out to her and asked “how the heck are you making all this money?” She told me something that changed our lives. “Come with me to a seminar”. One seminar. That’s all it took. We went, and it clicked!

I was doing everything I could on my own. I was cutting corners everywhere, and still couldn’t get ahead. We are middle class. We make too much to qualify for assistance, but not enough to get by.

101 Financial has made a tremendous difference in our lives. Now, we can breathe. No more paycheck to paycheck. Before 101, I was working to pay bills. Now, it’s “what can we do with our money next?”

Our new way of banking has made the biggest difference in our family. I still text my friend and coach thanking her for introducing my family to financial freedom!

– Sheena Solomon

It’s Never Too Late To Start

March 10th, 2017

Apo

“Six years ago we went through a year-long, very expensive, very painful divorce. Once the divorce was finalized, I was now a single mother of two daughters, and the sole owner of a mortgage. I was carrying a growing amount of debt that began from the cost of the divorce. The amount of debt I owed continued to grow… my house flooded, and eventually my oldest daughter began college. I began to worry if I’d be able to qualify for loans for her school.

In addition, in order to be able to transfer the mortgage to myself, my home was in a five-year ARM, and four years had already passed. I was starting to panic that I would lose my home. I was carrying a lot of debt and had a zero to negative cash flow each month. I knew I was in trouble when I was starting to make only the minimum payments on my credit cards and my balances continued to climb.

At work, people kept talking about this 101 Financial thing. The first few times I just blew it off. I had been to so many finance classes, and bought budgeting books. I was sure there was nothing they could teach me that I didn’t already know.

Well… after a couple of years, and as the hype grew larger, I finally decided it was time to check it out. I started the 101 Financial System in April of 2015. Jodie Agsalog and Valerie Verceluz gave me the missing tools I needed to move towards my financial success. I was able to pay off two credit cards and a personal loan in the first few months.

Since then, I have been able to pay off all of my remaining credit cards (for a total of over $50,000 in credit card debt alone). My cash flow has increased tremendously and my credit score has improved by 100 points!

I was able to purchase a new car when my old one decided to break down, I was also able to get a great deal when I refinanced my mortgage. And I have total confidence that I will be able to pay off my daughter’s student loans before she graduates from school. My biggest goal is to pay off my home in eight to ten years.

I wish I had the tools I learned from 101 Financial years ago… but it’s never too late to start.”

– Michelle Apo

A Simple Way To Invest In The Stock Market

February 15th, 2017

A Simple Way To Invest In The Stock Market

Do you ever think about investing in stocks? Do you want to build a large retirement portfolio, but just don’t know what to do first, then next?

If so, here’s a simple investment technique that does not rely on you trying to do the impossible, time the market, which is difficult even for experienced investors to do.

It’s called Dollar Cost Averaging. Here’s how it works:

Let’s say you have $100 to invest on a monthly basis.

Using dollar cost averaging, you would set up your account to automatically buy $100 worth of an investment at the same time each month, regardless of the price of the shares.

When share prices are low you will end up buying more shares.

When share prices are high you will end up buying less shares.

The theory is, the average cost per share will be lower over time, which will increase your chances of making more money.

This approach allows you to build your investments, while not getting stressed out about the ongoing fluctuation in the value of stocks.

As with any investment, there is no guarantee that you will not lose money. However, by starting early, and consistently investing over time, the odds are in your favor to create a winning formula for your family’s financial fitness.

You can get started today with this plan. What makes it easy is that you only invest $100 per month. You also won’t have all the stress many experience by constantly watching what the market is doing on a day to day basis.

Use These 6 Free Fitness Apps To Get In Shape

February 15th, 2017

Use These 6 Free Fitness Apps To Get In Shape

Do you want to get in shape, but you don’t want to pay for the gym membership every month, month after month?

Well don’t sweat it. You can still get a great workout, while saving money each and every month.

Here are 6 of the best free fitness apps to help get you in tip-top shape:

Free Fitness App #1: MyFitnessPal.

This app has been around for a while and boasts the largest food and calorie database. So you can get the nutrition you need, without all the carbs you don’t need.

Free Fitness App #2: The 7 Minute Workout.

If you don’t have much time to workout, try the 7 minute workout by Johnson and Johnson. This app is fast, simple and uses a science-based method that lets you work out on the go.

Free Fitness App #3: Charity Miles.

If you like to make a difference in the lives of others whenever you can, try Charity Miles. Every mile you walk, jog or run can earn money for one or many of over 30 different charities you support.

Free Fitness App #4: Jefit.

The Jefit app lets users personalize workout routines, track and record your progress and analyze your data. This way you are not just working out for the sake of working out. With the data this app gives you, you will know when you are making real progress toward your goals.

Free Fitness App #5: C25K.

Do you hold down the couch more than you exercise? You’ll love this app for the couch potatoes, called C25K. The C stands for couch and is designed to get you in shape little by little, to eventually be able to run a 5k in just 8 weeks.

Free Fitness App #6: Zombies Run.

If you like games, you’ll love this app, that turns working out into a game. With this app you can walk, run or jog while listening to music and your zombie mission. If you are chased by zombies, as you may imagine, you’ll have to speed up. Just don’t look behind you, or you may let them catch you.

7 Secrets of Self-Made Millionaires

February 15th, 2017

7 Secrets of Self-Made Millionaires

Do Millionaires know something you don’t?

When it comes to building wealth, learning from those that have done it before you is a great way to cut your learning curve.

The fact is, if others can become wealthy, so can you. It’s all about seeing what works for others, then making a plan to apply their strategies in your day to day life.

Here are 7 Secrets of Self-Made Millionaires, according to Entrepreneur Magazine.

Millionaire Secret #1: Decide to be a Millionaire.

You know this already, that if you want to do anything that will bring value to your life, you must make a decision to make it happen.

Millionaire Secret #2: Get rid of poverty thinking.

There is no shortage of money on this planet, only a shortage of people who think correctly about it. When you choose to view money differently, your open the doors to your life and income growing.

Millionaire Secret #3: Treat it like a duty.

Self-made millionaires are not driven by money. They are driven by the need to validate their contributions. In order for you to make a difference in people’s lives, and make this world a better place, connect your desire to help with your ability to earn more money.

Millionaire Secret #4: Surround yourself with millionaires.

You can’t learn how to make money from someone who doesn’t have it. They say, “success breeds success.” There is also another saying that goes… “You are only as successful as the people you hang out with.”

Millionaire Secret #5: Work like a millionaire.

They treat time differently. Wealthy people buy other people’s time, while the poor sell their time to employers. Choose to focus on your strengths and pay others to do what for you are weaknesses.

Millionaire Secret #6: Shift your focus from spending to investing.

The rich don’t spend money, they invest. They know the US tax code favors investing over spending. This is how great fortunes are made. This is also why I’m always advising you to save, instead of spending recklessly.

Millionaire Secret #7: Create multiple streams of income.

The really rich never depend on only one flow of income. Instead, they always focus on create multiple streams of income from different sources. Make it a point to sit down and see how you can create additional income sources to add to the income you earn now.

BONUS Millionaire Secret #8: Teach your children how money works.

One of the biggest lessons you can learn is to teach your family, including your children of any age, the value of money. When you teach them how money works, you will have the peace of mind of knowing they will always be able to take care of themselves financially.

Without coming to you for financial help again and again.

5 Ways to Avoid Costly Mistakes and Save More Money (Part 1)

February 15th, 2017

5 Ways to Avoid Costly Mistakes and Save More Money Part 1

With all of the expenses that come along with owning your own home, you must do what you can to minimize mistakes that cost you money, while always looking for ways to save any money you can.

Remember, saving your money, even if it is only a little bit at a time, can really add up. By the end of the year, you can actually save enough for an important home improvement, or enough to take your family on that big vacation they’ve always dreamed of.

This month begins my special segment for homeowners, to help you keep more cash in your pocket. My intent is to help you save more money and avoid mistakes that cost you money.

See how many of these money saving tips you’re doing, and also how many of these mistakes you may be making. Then look out for 5 more tips coming your way in next month’s Financial Fitness Magazine:

Keeping More Cash Tip #1: Is your fridge too warm or too cold?

With different family members in and out of your fridge many times a day, personal preferences may come into play, with some wanting certain things very cold, then others who change the setting back to warmer. Since many foods can spoil from being too cold or too warm, find a happy medium that will make your family happy, and save you money on wasted spoiled food. Also remember that a higher yet still cold setting can save you money every month.

Keeping More Cash Tip #2: Low-Flow Toilets and Showers.

The sources of water you use every day can really add up over the course of a month, and much more over the course of a year. If you live in an older home with old fixtures, making the decision to save all the water you can by replacing your old toilets and shower heads to newer “low flow” models will save you a pile of cash, while also helping to conserve one of our most precious resources, clean water.

Keeping More Cash Tip #3: Insulate Doors and Windows.

Whether it’s summer or winter, or any time in between, you are spending good money to keep your home at a comfortable temperature. Yet if your windows and doors let air from the outside in, and let your comfortable air from inside escape to the outside, you are letting your hard-earned money blow away with the wind. Do a yearly check to make sure your windows are insulated and close tightly, as well as seeing that any openings around your outside doors have the proper weather stripping.

Keeping More Cash Tip #4: Use Fans For Circulation.

Did you know that moving air helps to increase evaporation of moisture in the air in your home? If you use air conditioning regularly, you can make your family more comfortable by installing ceiling fans. Doing this will enable you to lower the setting on your air conditioner, keeping your home comfortable, while saving cash every month.

Keeping More Cash Tip #5: Keeping Walls Clean Without Paint.

If your family is anything like mine, they are always moving through the house with dirty hands, touching walls and light switches, creating ugly marks and fingerprints. Before you get the temptation to buy paint and repaint your interior, try a cloth with warm water and gentle soap first. Doing this will clean most marks off your walls. Then you can keep the $25 or more in your pocket that you would have spent on a can of paint, every time your walls and switch plates get dirty again.

Miracles Do Happen

February 15th, 2017

Pascua

“My name is Malia Pascua. My family and I have been on 101 Financial for a little over a year. We were another family living paycheck to paycheck and not knowing where all our hard-earned money was going.

Since I saw on social media posts of 101 Financial helping others, I decided “Why not try it?” From that day we have had a 101 Instructor helping us live better lives.

From being in debt over $20,000, I learned a better way of banking and gained knowledge of where all my money was going. We are on our way to Financial Freedom.

During this time of our lives changing, we found out we were going to have another baby, and he was going to come early, at 24 weeks and 2 days. With all of this happening, our lives were put on hold to fight for our son’s life.

With my husband at home on Maui, working and taking care of our 4 children, life became a struggle once again. I stayed on Oahu for 3 months to take care of our son. With no job and one income, then came the medical bills.

How are we suppose to pay for all these bills?. We were falling behind, then my husband lost his job. Yet with the power of prayer and having faith, our lives started to turn around.

We are very blessed to say that 101 Financial helped us. They helped us get back on track, to replenish funds that we spent and to stop stressing over money.

Without this help and the 101 Financial System, I truly wouldn’t know where we would be right now. Miracles Do Happen!”

Malia Pascua

Stressed in Paradise

February 15th, 2017

placa

“I had the opportunity to work at the Westin Ka’anapali Ocean Resort in Maui on a temporary assignment during the spring of 2013.

From the moment the airplane landed I found myself in awe with the beauty and peacefulness of this island. I decided to move here in November of 2013, working with the same company yet a different job.

Maui provided me the personal peace I was looking for in my life, but the job was in an area that I had no experience. I was hired as a Concierge Specialist, booking activities for guests and owners.

Because it was a commission-based job, when I received the first paycheck I was in tears. I doubted my decision to move to Maui. On one hand I had peace of mind, and on the other hand I was stressed living in paradise.

I proceeded to work a part-time job to supplement my income since the money was not even close to what I was making in Orlando, Florida. Eventually a job opportunity opened up in my area of expertise dealing with customers face to face, which was not a commission-based job.

Even though the money was not equal to my salary in Florida, I found myself breathing a little bit easier. The struggle continued as life in Maui is so costly.

One morning a friend of mine Sandy mentioned this program she was about to join called 101 Financial. Once she joined the program she forwarded me their video. I looked at it and was very skeptical. “How can this be possible?” I asked. I even asked her if this was a scam, because I could not believe I could use the banks money to my own advantage.

She stated “It is not a scam. It is financial peace of mind.”

I decided to take the first step into my new stress-free financial life and contacted my Instructor Karen Patague. I started on the 99 Financial program. She taught me how to budget and live a life of financial freedom. I was no longer living paycheck to paycheck, and now I was able to enjoy my life in paradise without financial stress.

I am so thankful to my friend Sandy, Karen and 101 Financial for providing me with the tools to live a stress-free life in the Valley Isle of Maui.”

Nelson Placa

Paid Off $60,000 Of Consumer Debt and Loans

February 15th, 2017

Angela and Chris Delacruz

5 Ways to Recover From Financial Troubles

January 13th, 2017

5 Ways to Recover From Financial Troubles

Have you ever been through tough financial times?  Who hasn’t, right?  We all experience rough patches on our financial journey.

Think back to the last few times you experienced financial troubles. Have you ever fallen, and stayed in that financial state for a long time? I hope not, yet it does happen to many people. Falling is one thing, but staying stuck financially is no way to live.

When you fall and get back up, don’t you feel like you’ve just made a positive accomplishment? Well you have. We all make mistakes. Yet, when you recover quickly, you can get right back on the financial high road, where you’re spending wisely, earning all you can, limiting your credit purchases and saving each and every month.

Here are 5 tips to help you recover from financial troubles and get back on the financial high road quickly:

#1:  Commit yourself to living a better financial life.
Set goals that will make you be more responsible with your finances than ever.

#2:  Learn from your past money mistakes and resolve to never make those mistakes again.
A mistake is not bad, if you learn something from that mistake. Of course, even better (and less painful) is learning from other people’s mistakes.

#3:  Build and add to your emergency fund regularly.
Most of our troubles come from financial emergencies. When you can’t handle these emergencies, that’s when you feel like your finances are out of control. You will feel much better when you are always adding to your emergency fund.

#4:  Find a better paying job.
Besides watching your spending, increasing your income and putting that extra money to work for you is the key to experiencing financial peace of mind.

#5:  Become more financially literate. 
Read up on financial topics that interest you. I personally like to read one new book about personal finance each month. Another great way to become more financially literate is by doing what you are doing right now. Read your Financial Fitness Magazine from cover to cover, each and every month.

Find out how to make tough financial times easier here.

How to Pay for Your Gas While Driving to Work

January 13th, 2017

How to Pay for Your Gas While Driving to Work

How would you like to save the cash you usually spend on gas for your car to work every week?

What if you could make enough money to pay for your gas each month, all while driving to work?  Here’s how…

The other day I had to go to the airport, so I caught an Uber ride.

Chuck was my Uber driver. He told me that every day before he leaves for work, he turns on his Uber driver app, then he looks for riders in his area.

Chuck gives himself a 15-minute window from about 6:15am to 6:30am or so to find a rider. At least 2 to 3 times per week he finds a rider.

Most people at that time are going to the airport. Chuck happens to work only 10 minutes away from the airport.

Here are 6 benefits he mentioned to me that day, which save on gas, because riders are paying for it!

#1: You make enough money to cover your gas bill.

#2: You usually make enough cash to save some, too.

#3: You drive in the express lane (2+ passengers).

#4: You get tax benefits with your own business.

#5: You get paid every week from Uber.

#6: You choose when and where you want to work.

If you live someplace where most people are moving from where you live to a busier area, like an airport or the city, you stand to save money on your gas every week.

 

Plus, you may even earn extra cash to add to your savings!

3 Tips For Staying Away From Non-Banking Loans

January 13th, 2017

3 Tips For Staying Away From Non-Banking Loans

A recent study put out by FINRA found that 26% of Americans engaged in non-bank borrowing in 2015, which I hate to see.

These types of loans include auto title loans, payday loans, or using pawn shops or rent-to-own stores.

Non-bank borrowing methods are likely to come with extremely high interest rates. When you are late on a payment, or default on these types of loans, you could pay sky-high rates and fees, plus risk losing your car on title loans.

These loans often attract those with poor credit, lack of access to more traditional sources of credit, or both.

Since you are one of my Financial Fitness Magazine readers, I know you’re smarter than that.

You know being smart when it comes to borrowing and banking is crucial to your financial success.

It is bad for your finances to put yourself in positions where you think you need to access these high-risk borrower credit sources.

Which is why I’m here to help you stay away from bad financial decisions like taking out loans from non-banking sources.

Here are 3 Tips for avoiding these non-banking loans, and getting more favorable loans from traditional bank or credit unions:

#1:  It’s all about cash flow.
This means managing your cash flow, by tracking all of the money coming in and going out of your pocket. I call this knowing your “Money In and Money Out.”

#2:  Build your credit.
The best way to avoid shady and high-interest loans is to be responsible with your finances so you can qualify for loans with reasonable terms. If you don’t have good credit now, or you have no credit history, I suggest you start small, by applying for a low-limit credit card. If you can’t get one, you might have to get a secured credit card to start the credit-building or rebuilding process.

#3:  Know your needs and wants.
The next time you find yourself wanting to go buy something, and you’re going to buy it on credit, think again. Ask yourself, “Do I really need this now? Or is this just something I want, that can wait until later, when I have the cash to buy it?”

Stopping to think about these 3 tips before you whip out your wallet or purse is smart. Do you know how much money you have coming in and how much you have going out? Do you need to build your credit first? Do you really need to make this purchase?

The bottom line is… Don’t borrow the money if you don’t need it. Ask yourself each time you make a purchase if it’s a need or a want. If it is a need, see how you can make the purchase in cash, instead of running up your credit.

7 Ways to Create Your Dream Home

January 13th, 2017

7 Ways to Create Your Dream Home

You shopped long and hard to find just the right home in just the right part of town. While you loved the location, you may have wanted to make a few improvements.

Here are my 7 best Dream Home tips for upgrading your home, while increasing its value at the same time:

1) Custom Wine Rack and Bar
If you like to entertain in your home, nothing is sure to turn heads like your own custom bar and built-in wine rack. This means no more having your guests going to the refrigerator full of leftover food, smelly cheese and vegetables that are two weeks old.

#2) Indoor and Outdoor Living
Many people enjoy spending time outside as much as they do inside. For some, this means living inside and outside all the time, with glass panel doors that open for easy access to the great outdoors and close when the weather is not so nice.

#3) Roll-Away Kitchen Cabinets
Sometimes it’s just you and your partner cooking in the kitchen. While you can just use your counter top when you have guests over for a larger party, your countertop space can quickly be used up. Now you can install roll-away sections that are cabinets with a countertop, which hides away under your main countertop.

#4) Mini Fridge for Above and Below
Do you have a multi-level home with floors above and a basement below? If so, you know how many times you have to travel up and down when you’re entertaining or just lounging around? Install a small mini-fridge upstairs and below, and what you need will always be just steps away.

#5) Do Something with Unused Space
Many homes have at least one area too small to do much with, yet big enough that it makes part of your home seem empty. A smart way to use extra space like this is to create a small playroom for the children, a small office or even small yet useful hidden sliding door closets for extra storage.

#6) Who Else Wants More Drawer Space?
For every set of cabinets you have in any room, whether in the bathrooms or the kitchen, there is always that wasted space between the cabinets and the floor. Smart homeowners turn this space into extra drawers that sure come in handy!

#7) Use the Space Under Your Stairs
Ever wonder what to do with that empty space under your stairs? Well creative homeowners use this space for all sorts of things, including a doggie apartment, a library for all their books, and even more cabinets and drawers.

While you’ll get to enjoy all the upgrades you make to your home, it makes financial sense to improve your property for when that day comes when you want to sell it and move someplace else. Most quality home improvements can give you a positive return on your investment when it comes time to sell.

Our 101 Journey

January 13th, 2017

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101 Financial brings so much warmth to my heart and entered our lives at the most PERFECT time! We just got married, and will be starting a family soon with our first child.

I worked for Aloha Airlines, who unfortunately went into bankruptcy. At the same time, my husband who was a student athlete at UH MANOA graduated. The the unemployment checks and his side jobs ended so quickly that we couldn’t keep up with the necessities for our family.

We were fortunate to be living with family who helped us out with our situation, but we began to feel like we would never pay off our debt and would have to continue living with my parents for years. Our debt made us feel like our dreams and goals in life would never happen. We struggled on so many levels.

Fast-forward to the day we were introduced to 101 Financial. Our angel shared with my husband that 101 Financial helped him and his wife, so my husband took charge and watched the video.

I was skeptical, because I didn’t think anything could help us. I thought “no, we just need to make more money”… and that really didn’t feel like it was ever going to happen.

My husband attended his first class with our amazing Instructor and she guided him and worked with him every step of the way. Within the first 2 weeks on the 99 Program we started to see money in our account. By the second month she graduated us to the 101 Financial System.  With her help we paid off $45,000, our entire debt, in 8 months!

We felt like we DID IT. We felt with this financial education we CAN do anything, the sky is the limit!

We live on our own now with our family of seven. We purchased our first SUV to safely transport our family on the roads of Hawaii. We have taken our children on little staycations every year since we started our 101 Financial journey, and we recently took a huge vacation to UTAH. They had a blast visiting with family.

I am very fortunate to be a stay at home mother with my children, where I get to attend their field trips, sporting events, church activities, and be able to create my own memories with them to cherish forever.

Thank you, Alan Akina, for sharing these blessings in our lives.

– Sheallene Alo

Best Decision Ever!

January 13th, 2017

SS-Tadio

I first heard of 101 Financial five years ago from one of my customers. During that year, Alan Akina came into my store to shop for some fixtures. He also mentioned the program to me and gave me an autographed book. At that time I was very skeptical and didn’t bother to look into it.  I just forgot about it.

Within the next five years, I worked two jobs living paycheck to paycheck, trying to keep up with all my bills. I went back to school at University Of Phoenix, but could not continue after two years because I did not qualify for any grants.

During these 5 years, “life” happened. I had to quit my second job, because it was taking time away from my son, and he had started to act out. I ended up maxing out all my credit cards and taking a personal loan to pay it off. Eventually I had maxed them all out again.

Then I received an email that my student loan repayment plan was to start in 2016. Talk about stress and anxiety! I mentioned to my boyfriend that I needed to work a second job to pay for my student loans, because I couldn’t afford to have another monthly payment, especially an extra $368 a month.

He was very angry. He even gave me an ultimatum because working a second job would take away our family time together. It created friction between us. We would constantly argue, and it was putting a strain on our relationship.

On Christmas Eve 2015, we were at my boyfriend’s family’s house and his aunty mentioned that she went to this awesome workshop about how she will be able to pay off her mortgage in 9 years. I asked her the name of the workshop, and she said the 101 Financial System.

Then it hit me… I totally forgot about this. I told my boyfriend that I heard about this program from Wes, and I would call on Monday.

Monday came and as I walked into Home Depot, there was Wes. I asked about the workshop. The next day, I met Lori and Wes at the workshop and I was hooked. It was meant to be.

This was the best financial decision I made in my life! The 101 Financial System changed my life in so many ways. Since I started 90 days ago, I paid off $20,000 of my debt, and my credit score went up 55 points.

My relationship with my boyfriend has also improved. Both of us always talked about getting rid of our debt before we got married.  He started to see what 101 Financial has done for me, so he jumped on the program. We have a bright future together and we’ll be ready to get married sooner!

– Desiree Tadio

5 Things to Consider Before Switching Banks

December 12th, 2016

5-things-to-consider-before-switching-banks

Don’t like the bank you have now?

Are you thinking of switching banks?

Is a new bank making an offer you can’t resist?

If so, don’t be in a rush and make hasty decisions. There are a few important things to think about before you act, or you may be sorry later.

Here are my Top 5 things to do before making the switch:

#1:  Do Your Research. 

Before making the jump to a new bank you know little about, be sure to spend time researching the services you plan to use and compare the benefits to your existing bank.

#2:  Everything Will Change.

Keep in mind switching banks means changing direct deposits, automatic bill payments, recurring transfers, safe-deposit box access and in some cases, when and where you can access your bank.

#3:  Don’t Empty Your Account Yet.

If you do switch banks, be sure to keep some money in your old account just in case you missed a written check or automatic payment. It’s good to wait 30 days after you’ve opened your new bank account someplace else, to make sure all outstanding payments and debits have cleared.

#4:  Make New Relationships. 

Banking is about relationships. Get to know the key people at the new bank, like the branch manager and loan officers. When you need something that you could do using the drive-through teller, go inside instead. Get to know one representative well by seeing that person each time you visit your bank. Do this for a couple months and your new buddy in the bank will be your best friend.

#5:  Close Your Account.

After your account at your new bank is open and you have all of your automatic payments, debits and deposits going through them, it’s safe to close your old bank account.

Once you’re done with your old bank, visit them one more time to get a written letter stating that the last automatic payments, checks and debits have cleared, and that your account is closed.

This simple yet important advice could save you big headaches down the road.

Use Edmunds.com to Save Money on Your Next Car

December 12th, 2016

use-edmunds-dot-com-to-save-money-on-your-next-car

When buying a car, your expenses are not limited to just the sticker price.

While one car might be cheaper than similar models at purchase time, that same car could cost you much more to own over the long run.

Today I want to introduce you to Edmunds.com… a website and widget that helps you calculate what your true cost of ownership will be on any car you want.

Just go to the TCO or “True Cost to Own” widget that you’ll find on their website. If you’re in the market for another car, whether it’s brand new or used, you need to have this site bookmarked for future use.

Here are 5 important factors to consider when buying your next car, which the Edmunds.com “True Cost to Own” widget will give you visibility into:

#1:  Depreciation 

This by far is the greatest expense. Consumer Reports states that the average car will depreciate in value by 50% after 5 years. What this means is whatever you bought it for, you can count on it being worth half of that 5 years from now.

#2:  Fuel Cost

This can really add up, especially for SUV owners. Consumer Reports says that fuel will account for 24% of the cost of ownership.

#3:  Interest Cost

This is tied directly to the purchase price and accounts for 11% of ownership. Getting the lowest rate possible is in your best interest.

#4: Insurance

Insurance costs can vary widely, by the make, model, condition and age of a vehicle. You can expect it to be responsible for 10% of your overall cost.

#5:  Maintenance

Depending on the mileage, age and quality of the vehicle, your projected maintenance cost will be around 4% of your total cost.

As you can imagine, these costs of ownership will vary by which vehicles you are checking out.

That’s the beauty of the Edmunds.com website. First, narrow your search so you have 5 different cars that you’d like to own. Then run each vehicle through Edmunds.com “True Cost to Own” widget.

When you have accurate, real data regarding how much a car will cost you to own over time, you can pick the right choice for you. You’ll find a car you’d like to drive, while saving money on your decision and purchase.  When you shop wisely, the savings you see over time could be quite a chunk of cash.

5 Tips for Protecting Your Family with Life Insurance

December 12th, 2016

5-tips-for-protecting-your-family-with-life-insurance

Life insurance is a subject many feel awkward talking about. Yet it’s one of the most important conversations you could ever have with your spouse or partner.

The first important question to ask yourself is… “Would your family be able to survive if you or your spouse suddenly died?”

Think about this for a moment. How would your family be financially without your income?

You see, an average of 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner died, according to the 2016 insurance barometer study.

The fact is, 40% of people have not purchased life insurance because they don’t know how much or what they need. However, that is no excuse not to figure out these questions and make sure your family is protected.

Today I want to get you started thinking about this, and get you to take a few simple, yet important action steps.

Here are 5 quick action steps to get you moving in the right direction:

#1 – Review

Do an insurance review of any existing policies you do have. Find out if your coverage is enough for your current situation. This means at least getting enough coverage to pay off all debt and the mortgage, however much that may be.

#2 – Interview

Interview at least three different life insurance providers and find one that fits your needs. The biggest piece of advice I would give you is to not rush this process. Take your time and meet a few agents with a different companies.

#3 – Options

Look for either Term, Whole Life or a combination of both. If you’re not familiar with these choices, what they cover and what they don’t, take the time to educate yourself so you know which options are right for you.

4 – Necessity

In case you don’t realize it, insurance agents are salespeople. They are in business to make a profit, which is a percentage of the policies they have written. Don’t fall for sales pitches and unnecessary add-ons that insurance agents may try to offer you. Shop for what you need.

#5 – Take Action

Don’t spend so much time interviewing and weighing your options, that you still don’t take action and commit to a policy. Get something. At the very least, get a low cost term policy. Then look at upgrading when your term expires. Right now, anything is better than having nothing.

Remember, this is about your family and their well-being after you pass. It’s too late to protect your family when you’re gone. Make it a priority to get something in place as soon as you can.

What In the World is a Jumbo Loan?

December 12th, 2016

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If you ever bought a house and worked with a mortgage professional, you may have noticed that some will try to dazzle you with fancy mortgage terms like “jumbo” or “conforming loans.”

Well what in the world is a jumbo loan? Let me try to make this as simple as possible for you, so you can make wise decisions when it comes to financing a new home.

The first thing you should know is that about 90% of all mortgages are backed by Fannie Mae and Freddie Mac (I’ll cover those in a future segment).

These two agencies buy, package and resell virtually any mortgage that adheres to what they call their “conforming loan guidelines.”

There is a maximum limit for conforming loans. In Honolulu it’s $721,000. Kauai is $713,000.The Big Island is $625,000. Maui comes in at $657,800. When mortgages exceed these limits, that’s when they are called Jumbo loans.

These Jumbo loans are not backed by Fannie Mae or Freddie Mac, so lenders typically will require a bigger down payment and are much more strict with qualifying requirements.

I brought you this look at Jumbo mortgages to expand your education and knowledge about what they are and how they work, in case you are ever in the position of using one.

As you can see, mortgages can get very large, depending on where you live and the kind of home you want to live in. Mortgages of this size and above can really affect your budget when you have to make payments each month for 20 or 30 years.

Just imagine what it would be like to have a mortgage like these and pay it all off not in 20 or 30 years… but in only 5 to 8 years? Do you think this sounds impossible?

Well I have good news for you. Not only is it possible to pay off a substantial long-term mortgage in only 5 to 8 years… hundreds of our 101 Financial students have done it.

How can you find out how to pay off your mortgage in only 5 to 8 years, while saving all those interest payments you would otherwise be making for 20 or 30 years?

I lay it all out for you, in my free online training called “Experiencing Financial Peace of Mind.”

Register to attend this free online training here.

During our free online training, we show people just like you how they can take control of their finances, and live better lives.

As part of the training, we go in-depth about how our students pay off their mortgages in a fraction of the time it would usually take, while they save 10s or even 100s of thousands of dollars of interest charges they would normally send to their banker.

There’s so much to share, I just don’t have the room for it all here. Claim your free spot for this training now. Then attend to get the whole story.

101 Financial Has Been an Answer to Our Prayers

December 12th, 2016

makaiwi

When we got married in 2014, my husband and I believed we would be financially comfortable. We were taught that with hard work and education, we would thrive. My husband, Ana, worked hard and excelled at his career. I had my master’s degree and worked professionally. We had financial goals to pay off our debts, build our savings and buy a home. We thought we would quickly and easily reach our financial goals.

However, we found it to be harder than we thought to pay off debt and pay for living expenses, while building our savings at the same time. It got even harder when we decided to have our daughter, which meant moving into a bigger place and assuming all the expenses that come with having a child.

We decided I would be a stay-at-home mom, leaving the financial responsibility on my husband. We believed if we saved enough, and if he made enough, we would have enough to survive comfortably.

But with less income and more expenses, our financial goals seemed impossible to reach. While my husband had a fair credit score, I didn’t have a credit score at all. Attempting and failing to pre-qualify for the amount we wanted for a home loan, learning that we were not as financially set as we thought, was a wakeup call for us.

Despite doing side jobs and pinching pennies to contribute to our family income, it wasn’t enough. We were barely making it. My husband felt he was inadequate as a provider. I felt I was irresponsible and made the wrong choice to be a stay-at-home mom. We lived with sadness and regret over our financial shortcomings, and lost hope that we’d ever fulfill our dreams.

One night in May, 2016, when the weight of our finances seemed unbearable, we decided to take action. We recognized we were struggling and everything we tried was not working for us. If we wanted change, we had to change what we were doing.

We previously heard about 101 Financial from family members and friends, and decided to check out the website. After watching Alan’s presentation video, we decided we were ready to start our journey to financial peace of mind. We completed our financial analysis and enrolled that night.

After building our foundation with the 99 Financial Program in June, we graduated to the 101 Financial System by July. With the smarter banking we learned, we paid off my husband’s personal credit card debt and $6,000 of his auto loan within one month.

By November, we paid off the remaining $12,000 of my husband’s auto loan, which boosted his credit score. I had also qualified for a credit card and established a good credit score. We began building our savings, which previously seemed impossible. Most importantly, we felt empowered to take control of our financial destiny.

101 Financial has literally been an answer to our prayers. It helped us work on our financial goals, allowed me to be home with my daughter, and eased the financial burden my husband felt he bore alone.

We are happy and confident that we will always be able to provide for our needs and some of our wants, too. We continue to learn skills that will last forever and that we can pass on to our family.

Working hard and gaining an education can only take you so far. Being financially educated is critical in the journey to financial peace of mind.

– Rachel Kakaiwi-Tuiasosopo

101 Financial – Allowing Our Family to Come First

December 12th, 2016

st-laurent

“Aloha! We are Chauncey and Anuhea St. Laurent of Kaneohe and have been students of 101 Financial since September, 2014.

Before we started the program we decided I would not return to my full-time job after giving birth to our second son. Day care costs were almost equal to an entire paycheck and I’d hardly ever see my babies if I was working.

My heart broke a little every time I thought of spending 50-60 hours at work a week, only seeing my kids for a couple of hectic hours before shuffling them to and from the sitter and preparing them for bed.

However, after a few months of me staying home with two kids we realized, that despite cutting back majorly on expenses, we were depleting our savings and racking up our credit card debt. I was forced to return to work.

An old volleyball acquaintance shared 101 Financial with us. Within 3 months of starting with 101 Financial, we had re-established our savings, paid off the credit cards we had charged up during that time, and paid off one of our car loans, which was about $30,000!

Since then we’ve been able to learn how to keep track of our budget and have increased our cash flow hundreds of dollars each month, which has allowed me to be a full-time, stay-at-home mom.

We have paid off three outer island trips and a two week vacation to the mainland beforehand. That’s tons of quality time with our family, making memories and having fun, and truly enjoying our lives.

We don’t fight about money anymore and are scheduled to pay off the remainder of our debt, my student loan and the rest of our car loan, by mid-2017. After that, we will use the 101 Financial System to save quickly for our first down payment and hope to purchase our first home in 2018.

We are so grateful for this program and the financial peace of mind it has given us. We now know that anything is possible, including private school for our children’s education, regular family trips, multiple home ownership, and using our wealth to help and serve others! Also, we’re so excited that we added baby number three to our family in September, 2016!”

– Chauncey and Anuhea St. Laurent

Do You Know The Two Ways To Invest In Real Estate?

November 10th, 2016

do-you-know-the-two-ways-to-invest-in-real-estate

Have you ever considered investing in real estate? If so, you may be wondering…

“Where do I start, and how do I do it without losing money?”

There are so many different ways to invest in real estate, it can get very confusing.

That’s why I whittled it down to a couple of simple categories:

Cash Flow Investing… and Cash Now Investing.

Cash Flow Investing is buying properties to rent for income.

This would include single family homes, condos and town homes.

On the commercial side of this category, there are apartment buildings, warehouses, office buildings and more.

The key benefit to remember is that you are buying the cash each property generates every month.

The question to ask before jumping in to this kind of real estate investing is:

“Will I earn positive cash flow each month on this unit?”

Next comes Cash Now Investing, which is buying and selling properties, land and buildings for a profit. Some call it real estate flipping.

The key to making this kind of investing pay off for you, is to buy distressed properties that can be fixed up or built and sold for a profit.

As with any investment, you should do your due diligence and make judgments based on numbers, not emotions or a gut feel.

Remember to let the numbers tell the story, and you could find yourself a wealthy real estate investor this time next year.

6 Tips for Saving Money This Fall

November 10th, 2016

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Fall is a beautiful time of year. Depending on where you are, the weather is fantastic, the beaches aren’t crowded and the seasonal winter tourists have yet to arrive.

To help keep fall amazing for your wallet here are 6 tips for saving money this fall:

#1:  Put a pause on your gym membership and go outside to workout.

If you regularly go to the gym to use their treadmill, try taking a real walk outside, where you’ll see your friends walking and the birds flying by. Another great benefit of walking or running outside is, it’s absolutely free.

#2:  Have a No-Spend Weekend each month until Christmas has passed.

If you can save $100-$200 in November and December, you might just have enough to cover the Christmas presents.

#3:  If you have to travel do it now.

Fall offers some of the best deals on airfare, hotels and activities. Fall can also be a great time to take personal trips to areas that are beautiful in the fall, like New England or the Southern US.

#4:  Skip the mall.

When you’re preparing to freshen your wardrobe with warm clothes for the winter… skip the mall and hit the thrift stores or yard sales. There you’ll find great deals on jackets, sweaters and other surprises.

#5:  Set a budget and track all of your expenses and income.

Be sure that you are spending less than you make each month. This tip is a good one to follow all year round. It’s especially important when the holidays are not far off, when most people increase the amount of money they spend.

#6:  Pay off your highest interest credit card.

Put as much of your extra income against your highest interest rate credit card each month. In no time at all you will see your balance on that credit card disappear. Just imagine having your highest interest debt being all paid off when spring arrives!

If you only apply half of these tips this fall, you stand to keep a lot of money in the bank.  Go one step further and use it to boost the balance in your Emergency Fund, so you are protected by life’s unexpected expenses.

Do You Have Financial Post Traumatic Stress Disorder?

November 10th, 2016

do-you-have-financial-post-traumatic-stress-disorder

Do you ever get stressed out over your financial situation?

Do you feel overwhelmed and don’t know what to do?

If this sounds familiar you might be experiencing Financial Post Traumatic Stress Disorder.

According to a recent study by Payoff.com, 1 in 4 Americans and 1 in 3 Millennials suffer from post-traumatic stress disorder-like symptoms caused by financially-induced stress.

The study found that the psychological and emotional levels of stress over money are closely related to those found in individuals with PTSD.

This speaks volumes, since PTSD is usually experienced by service members who go off to war, or civilians who have experienced some type of violent crime or accident.

The folks at Payoff.com believe that stagnant incomes, non-existent savings, high debt levels and financial ordeals like defaults or evictions contribute to the symptoms.

Can you relate to what they’ve found in this study? Have you experienced physical or psychological feelings related to carrying around a mountain of debt, or having a substantial financial crisis in your life?

If so, don’t worry. Here are three ways to help you overcome these feelings and start down the path to living a normal, happier life:

#1:  Make a commitment that you will focus at least 30 minutes a day on your financial life.

It’s a fact, when you take action to correct a situation you are worried about, your fears and worry diminish significantly.

#2:  Keep a budget that projects ahead at least 3 months.

Being proactive about your finances is another way to keep your stress levels down. When you have a budget and know how much you can spend in different areas of your life, you’re less likely to get into a stressful position that you feel you can’t get out of.

#3:  Seek the help of a qualified financial professional.

When in doubt about what to do about your financial situation, it always helps to get assistance from someone who is an expert.

I have been helping people fix their personal finances for many years. Most people find that my free online personal finance training gives them the answers they are looking for. They also report feeling much better afterward.

You can watch my free online personal finance training here.

Do You Have a Budget For Your Home?

November 10th, 2016

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Whether you’re a new homeowner, or you’ve owned a home for decades, you know how a home can suck up every last dime you have if you let it.

Today we’re taking a look at ways you can apply a budget to your home, just like you do your personal finances.

Except this time, instead of having a budget that controls what you and your family spend on living expenses… we’re talking about having a budget for expenses related to your home.

Just like a traditional budget, where you know how much you bring in, and how much you can spend without going bankrupt… you must know how much money you have to spend on your home, so you don’t overspend and jeopardize your family budget for living expenses.

As you know already, your home will take any money you give it, and then demand more. The object is to not let your home expenses take over your entire family budget.

Here are 4 areas to watch with your home budget, where your home will want to take more money than it should:

#1: Fix Those Home Repairs Now

Though home repairs must be a part of your home budget, if you put off or ignore repairs that need to be made, the problem will only get worse, not better. That means when the time comes when you don’t have a choice but to make those repairs, it’s likely they will cost you 50% more, since you let the small repairs turn into major projects.

#2: Monitor The Cost of Your Utilities

Did you know you have control over how much you pay for utilities each month? Well you do, and it’s easier than you think. Does your family let the shower run a long time? Do you leave your home for days, with all the lights on? Do you water your yard for an hour, when it only needs 10 minutes? Paying attention to these areas will save you cash each and every month.

#3: Do You Pay For More Entertainment Than You Use?

These days many families have internet, cable, multiple smart phone data plans and satellite, as well as on-demand this and on-demand that. Do you have the super-duper deluxe package, yet you only watch 5 channels, and you go out to the movies? You could cut your home entertainment costs by 50% or more, by cutting your services to be in line with what you actually use.

#4: Make Your Mortgage Your Friend

Some people habitually pay their mortgage late. You have to pay your mortgage each month. Why not pay it on time, and save the late payment charge each month? Even better, when you make an additional payment to your principle, you will pay off your mortgage faster, and save a mountain of interest payments.

Now you know that your home should have a budget, too. When you put the attention you need to your home’s budget each month, you have also made your mortgage your friend.

We Do Have One Big Regret… That We Didn’t Start This Sooner!

November 10th, 2016

nicky-and-shane

We have only been on this journey for 4 months and what an amazing journey it has been this far. Our financial lives forever changed, thanks to 101 Financial.

Before 101 Financial, we were having a hard time making ends meet. We had just enough to pay our bills, and would be in the negative most times. We were trying to pay down our credit cards, but that was getting us nowhere! Now faced with the hard fact that the beautiful place we were living in was no longer affordable, we thought that the only choice we had was to move. Since it was so expensive to live in Hawaii, moving to the mainland became our focus.

Before that could happen, Shane brought up his parents’ success with 101 Financial. While Shane was sharing that with me, I recalled that my daughter had told me about 101 Financial a year prior. So, we looked into it and heard more success stories from a few of our friends who were greatly benefiting from the 101 Financial System. That encouraged us take the leap of faith!  After all, from what we were hearing, we had everything to gain and nothing to lose.

It was difficult to wrap our conventional banking minds around this newly taught knowledge, but we could clearly see it all coming together. We regained control of our finances from the very first day. During that first class, our Instructor Soriah asked us to list our goals. For as long as we could remember the goal was to be debt free. We honestly never thought past that.

She then asked us to list anything and everything we have been wanting to do. Wide eyed with excitement, and wondering if this was really possible… she said GO FOR IT! So we listed a total of four goals. Number one was of course being debt free. Within 60 days, we paid off $12,000. Did we REALLY just do that? Holy cow, we’re debt free!

We did that with me on workman’s comp, receiving only 60% of my normal take-home pay. We just couldn’t believe what was happening! If that wasn’t enough, a month later in September, we completed goals #2 and #3, taking a trip for just for us, and taking a family trip. WOW. The best part was, our trips were paid off before we left. We were amazed.

The awesomeness hasn’t stopped, either. We got invited by a family to join them on a trip to Disneyland this Christmas. Thanks to our newfound knowledge and control of our finances, we happily accepted.  We would have never been able to do three trips in one year, let alone within a couple months of each other, if it wasn’t for 101 Financial.

We do have one big regret… that we didn’t start this sooner! What a beautiful thing it is to have financial peace of mind!

Excited with the knowledge and financial freedom we have gained, we knew the next step was to become Instructors. We care deeply about our family and friends and are passionate about helping them build their own 101 Financial success story.

Thank you Alan Akina for sharing this wealth of knowledge! It has forever changed our lives.

– Nicky Keama & Shane Yamauchi