DEBT DIET

Have you ever heard the say; you can wonder into debt but, you can’t wonder out?

Well! Getting out of debt is like going on a diet—it may sound simple, but it sure isn’t easy. The only thing that really works is to spend less and save more.

Debt doesn’t benefit nobody, it doesn’t benefit your life, it doesn’t benefit a marriage or a family or your future. Just as in the past few years I’ve experienced the satisfaction of being fitted, I have also eexperienced the pain of being overweight. It has been a rollercoaster and emotionally draining! Is so much alike that debt also has its consequences. Here are a few reasons I think everyone should avoid debt:

  1. Debt makes you a slave/servant to your lender.
  2. Debt steals from your future.
  3. Debt hinders/makes it impossible sharing with others and practicing generosity.
  4. Debt erodes resources through high interest payments.
  5. Debt promotes impulse buying.
  6. Debt is like money leaking from your pocket or bank account
  7. Debt compromises your retirement
  8. Debt is like having winter all year round
  9. Debt controls your money not you.
  10. Debt is NOT sexy.


The number one thing we recommend to start you on a debt diet is having a game plan.

My amazing husband, Anuar, and I have experienced the incredible miracle of being freed from $47,000 in consumer debt. We purposed to get out of debt and made immediate changes in our lifestyle to accomplish this, and within two years we were debt free! Funny thing is, like I said; you can wonder into debt or even sometimes debt can creep up on you. Murphy has a way to make his way. No, sometimes you’re not even looking to getting into debt but, I guarantee you, if you don’t always have a plan for your money someone else will. We made up our minds, made a decision, prayed for God’s help, and found the strength we needed keep the commitment to become and stay debt free. Thus, the first step is to decide to become debt free and determine to do it God’s way. Read, how to payoff debt with a low income

Get on a budget.

We cannot stress this enough! We have tons of resources and ideas available here on our blog to help you with this, feel free to explore around and get in touch with us let us know how we can help and serve you best!

Write down your debt on paper from smallest to largest. Make a chart with the amount you owe on it, add to your monthly budget the amount you’re planning to pay each month, once you have processed that payment go back to your chart and make the changes.

We believe that following a regime will help you stay in charge but, more importantly will help you get out of debt a lot sooner. Read, the silliest thing I did to payoff debt.

What other plans have you implemented to get out of debt?

Have you ever been on a debt diet before?

leave us a comment or connect with us we would love to hear from you.

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MONEY & MARRIAGE – MARRIAGE & MONEY

Marriage And Money Challenges. Experts agree that finances can be the number one cause of marital strain. It’s understandable that financial struggles can cause strain because how people spend money is never just about the money — it reveals attitudes about what you value most; it reveals deeper character issues. These are some of the reasons blending financial habits can be very challenging.

Marriage can be what a couple decides it can be, there’s always the notion of differences in marriage for example in marriage one spouse can be a saver and the other one a spender, or maybe both spouses are savers, maybe both are spenders! Whatever the case may be There is hope! In this post, our goal is to provide great ideas to help you and your spouse make your marriage stronger by tackling the issue of money management in marriage.

MONEY MANAGEMENT STYLES A HUGE PIECE OF THE PUZZLE IS THE DIFERENCE IN MONEY MANAGEMENT STYLES.

It’s easy to forget that marriage is a commitment to forge a new life with another person. The lack of trust emerging from society has created prenuptial agreements and separate bank accounts in many marriages. These undermine the commitment to a shared life with a spouse and are contrary to biblical teachings. In marriage is not his money or her money. It is our money. Whenever financial issues begin to get out of hand in a marriage, the first thing to do is to pray about them. And in fact prayer should be a style of living we’re not getting into a sermon here but, life in marriage is easier when there is prayer involve. My husband and I pray about pretty much everything, specially when we are talking money and there is decision making involve. When we have to use money for something that’s not in our budget, we both pray overnight and by morning the next day we both are ready to make a move. Weather we decided to use our money or not. There is no substitute for God’s answer though. If prayer, time, and communication cannot help you then you might need help from a marriage counselor, which is usually recommended even before your marriage life begins. My husband and I went for counseling with my pastor before our marriage, he asked some great questions, gave us some great examples and advices that we still live by even to this day. So, don’t think that you only need a counselor when there’s a problem no, it is a blessing and a great idea to see one even before your life journey together begins. Find a counselor who is trained to help couples resolve issues diplomatically. The difference in money management styles:

1. The Morphostatic Style. These are people oriented to the present. They buy what they want now and don’t wait for a sale or even evaluate whether particular purchase is necessary. The Morphostatic style have inflexible standards—they simply want the best. They also tend to be fairly conventional in their buying and planning, operating by a set of rules it is the way they’ve always done it and as far as they’re concerned it is they way it’s going to be.

2. The Morphogenic Style, These are flexible people, wanting as many people as possible involved in the purchasing process. A Morphogenic person usually considers all of the possible consequences involved in a particular decision and takes considerable time to reach a conclusion. What happens when these different types marry? It isn’t hard to imagine some of the fights that could develop around financial issues.

Kim is tired, . She had no idea Tony mismanaged his money carelessly, he brought that behavior with him into their marriage. The debt, from student loans, to credit card, car note, and now his sport events. She didn’t know his needs and desires in marriage would be such a challenge. She and her husband had overcome many challenges, but their greatest ongoing problems surrounded money. Her spouse was a spender, she was a saver; she liked to balance the checkbook to the last penny, her husband hadn’t entered anything in the register in years. The result was numerous volatile eruptions and conflict that both she and her spouse wanted to avoid. It shouldn’t have been a surprise. Had they communicated and have a budget committee meeting monthly. The good is, they’re now taking the time to sit down and like we said before there is hope. Read budgets read budgets you may also want to read emergency fundsemergency funds plus our bonus FREE Online ClassesFREE Online Classes

Budget Committee Meeting Dave Ramsey THE SECOND PIECE TO THE PUZZLE LEARNING TO COMMUNICATE.

The concept of a budget committee meeting comes from Dave Ramsey, the goal is that both spouses put their differences aside and adopt a new set of values to improve and benefit their money management skills and marriage relationship. when couples learn to agree on their money and are determined not to let it drive them apart, they form a unity that is crucial for a successful marriage. The challenge in a marriage is to work through the different identities, ideals and values you each bring to the relationship. You win at marriage by losing your need to get your way in every battle. You get a happy marriage by giving up selfish desires in order to win together—you create shared visions and goals out of your own individual goals! The budget committee meeting also indicates that both spouses will share mutual interest towards their money therefore they both will value and respect each others input and ideas. t’s important that both spouses be involved with creating the monthly budget. The partner with the natural gift can prepare the budget, but the decision-making must be done by both of you. When you sit down with your spouse to have a budget committee meeting, there are three rules that each of you must follow. Rules for the nerd :Listen take input Keep it brief rules for the free spirit: Show up give input be realistic. Remember that opposites tend to attract in marriage, so work together for maximum wisdom. When you have a budget that reflects both of your goals and ideals, you will experience fabulous unity in your marriage. Dave’s powerful class, Financial Peace University, we highly recommend it is perfect for couples to strengthen their communication about money—even if they’re not in debt. Dave even focuses an entire lesson on how we relate with money in different ways. My husband and I have been through FPU it is a great tool that teaches you how to be better stewards of God’s blessings and how to handle money God’s way. When You Sit To Talk About Money:

• FIND COMMON GROUND Be willing to show empathy, be understandable, open minded and none judgmental or critical about your spouse or what happen in the past. You’re starting a new chapter in your lives you both should be willing to look forward to what’s ahead a what the future holds in store for you as a married couple.

• MAKE TIME TO TALK Don’t wait until your credit card is way over the limit and the ridiculous interest percentages blow over the roof or another hot financial issue happens to bring up the subject. The goal is to have a calm relaxed discussion when there’s no particular money issue at hand.

• TALK ABOUT YOUR FEELINGS Volunteer your own feelings about a financial issue men often have the inner pressure to be the providers at home, and the only thing they expect from their wife is respect. As a woman know how to talk to your husband with respect but also have or seek the wisdom and honestly share your hearth and how you truly feel with your husband and encourage him to do the same.

Women are often seeking a sense of security. I cannot describe in words, there isn’t enough words to express how I feel about not having enough to cover basic things. Money isn’t everything for a woman, but not having it can be a very stressful situation. When you get your money at the end of the month and are ready to work on the next month budget we suggest you first give God what is his, pay your tithes and use a percentage of your money to pay yourself before you pay anyone else. If paying yourself 10% of your income at first is too much, choose a reasonable percentage but do it, pay yourself first and get in that habit. After you have give God his portion and you have pay yourself cover your four walls. (Housing, food, utilities, and transportation) after you took care of your family needs pay everyone else. If you are deep in debt or maybe just in debt period follow our recommended debt pay off method check our website www.redtogreeneconomy.com for more information.

Share your thoughts with us. How do you relate topic?

Yadira Lino Castro Financial Wellness Consultant www.redtogreeneconomy.com You Can Find Us Here: Facebook: https://www.facebook.com/ylino Instagram: @lala_ag Pinterest: @yadiz08 WordPress: @yadiz08 Skype: @yadiz08_1 Linkedin: Yadira Blessed Lino Castro Youtube: https://www.youtube.com/user/godsweetgirl

FREE Online Personal Finance Class

FREE Personal Finance classes with me! Our awesome community partner @hamptoninn from Perland Tx. Is sponsoring a five weeks The Power of Your Personal Finance course with me and written by us @ Red to Green Economy. Space is limited and spots are filling up VERY QUICKLY, so don’t hesitate to RSVP! YOU CAN CONTACT US AND SIGN UP FOR THIS FREE SERIES HERE www.redtogreeneconomy.com/contact Sign – up rules you have not taken this online series with us before. By signing up you agree to finish this course. Sessions will be held on Thursdays 6:00 -7pm

You might or you might have not seen this announcement on all our social media networks.

We’re beyond excited to share this wonderful news with you, our first class is tomorrow Thursday July 27th 2017.

There are still 5 spots available contact us for info at www.redtogreeneconomy.com/contact

In this course you will receive:

1. A FREE copy of our own Red to Green Economy E-book available @ Barnes & Noble or on our website @ www.redtogreeneconomy.com/shop for only $8.00

2. A FREE copy of our Red to Green Economy Worksheets Kit also available at our website for only $5.00

3. A FREE copy of our Teachable Online course The Power Of Your Personal Finance also available on our website @ www.redtogreeneconomy.com/services

In this course you will learn how to interact with your money and how to use it for your advantage. This is a step by step guide that will provide you the necessary tools to understand the power of personal finances. our main goal is to put you in charge and help you win with your money by setting achievable goals by creating a budget that works for you , we are with you every step of the way. $15.00

4. Five FREE consultation sessions with me each value on $65.00 our consultation service consist of:

Helping you come up with the perfect plan to get you back on track financially and help you devise a clear easily workable method to tackle your debt. In a typical Red to Green Economy Consultation, we will: Help you create a household budget and teach you the tools you need to help you adhere to that budget.Help you find extra money you did not know you had when you work your budget.Teach you the different debt payoff plans and help you identify which one works best for you.Help you set short term and long term financial goals and help you plan out how you are going to achieve each of themHelp you to identify areas in your finances where you may be weak and teach and motivate you to make small changes that will help you to become stronger.Help you understand the importance of accountability in order to win with your moneyAnswer any financial questions you may have that lie within our expertise. Each Consultation comes with two 1-hour sessions. For those that are outside of Houston, this will be a virtual Consultations via (Face Time, WhatsAap, imo, Google Hangouts, or Skype).

5. An invitation to our private Fabook group where you will meet our growing community people that are in the same journey as you to better their finance.

6. A friend and accountability partner, it is my desire and asignment to help you bring out of you and find your purpose in life.

How can we serve you best?

We’re grateful for our sponsor and community partners @ Hampton Inn by hilton from Prrland Tx

For info and for RSVP www.redtogreeneconomy.com/contact

​Sylvia Inks Educates Entrepreneurs How To Manage Their Money And Build A Profitable Business

This post is courtesy of ladibossblog

Posted by Elaine Rau
Sylvia Inks knew she had a gift in financial management and wanted to share her knowledge with small business owners so that motivated, but financially illiterate, entrepreneurs wouldn’t have to close their businesses due to mistakes that could have been avoided. Read our interview with the lovely Sylvia below…

What motivated and inspired you to start your own business?

I grew up in a family that loved to talk about money. It was a common topic discussed at the dinner table, so I learned good money management at a very young age. I realized that many others did not have that same upbringing, which I believe has led to a problem of financial illiteracy. I see very smart and intelligent people start businesses, but fail due to poor money management and not building a solid foundation. It is heartbreaking to see motivated and driven entrepreneurs have to close their businesses due to mistakes that could have been avoided.

Tell us about your business.

I help entrepreneurs manage their money better. I provide the education, tools, and encouragement to put into practice the business and financial fundamentals to build a profitable business. My goal is to educate and empower small business owners to turn around their business and make the profits that they need and want.

Yes! I am launching the book, Small Business Finance for the Busy Entrepreneur, which will be available on November 1st for 90% off! It will be available at this special price for this one day.
Readers can go towww.smallbusinessfinancebook.com to get more information and a bonus preview. Small Business Finance for the Busy Entrepreneur will be available onAmazon.
Where is your business based (city/state/region…)?
Based in Raleigh, NC (United States) and can serve out-of-state clients through virtual coaching.
What were the first few steps you took to get your business up and running?

I took a financial coach master series training through the Dave Ramsey’s team to confirm that this was indeed what I wanted to do for a business. At the time, I was trying to decide between two business ideas. I was 100% convinced that this was what I was meant to do after that training and mentorship program. I also took a business planning course to ensure that I created a solid business and financial plan. Through that course, I also gained a mentor who coached me through the critical first year. Not having a solid business plan is one of the top reasons why small businesses fail. Often, people make the mistake in thinking that if they don’t need financing, that they don’t need a business plan.
What has been the most effective way of raising awareness of your business and getting new customers?
Attending conferences and networking events with like-minded business professionals and building a referral network. Writing and promoting my book has also been a great way to raise awareness.
What have been your biggest challenges so far?
Time management! I have this big drive to help as many business owners that I meet, but have to balance that with my family obligations and schedule. I have two young children under the age of 5, so it’s a little bit of challenge to manage a good work/family balance.
How did you overcome these challenges?
I leverage family for help with childcare. I also hired someone to help me one day a week to cook, fold laundry, and do various cleaning in the house to free up time that I can spend on the business.
How do you keep motivated through difficult times?
I get motivated when I get client feedback on how I’ve helped them decrease their stress and anxiety around their business finances. I recently had a client who was laid off from her corporate job, and she said that had she not worked with me to calculate the numbers beforehand, she would have panicked and not known if she could make it.
How did you distinguish yourself from your competitors?

I provide a step-by-step process with tools that allow my clients get started right away and case studies to make it relatable. It’s not theory like you see in many other books… it’s a ready-to-use program.

What is the best advice you have received recently?

Front-load the work! Do 80% of the work ahead of time.
What advice would you give to other entrepreneurs?
Surround yourself with like-minded entrepreneurs. Seek to find those who target the same types of clients as you, but are not direct competitors. Having a referral partner network will save you time and money from having to chase down clients and having to find clients at networking events.
What is your favorite business tool or resource?
Office 365 for a cloud storage system of all files and business receipts, which are accessible anywhere I go and travel. It also allows secured access when sharing files and ensures that I don’t lose any critical business files in the event of a computer crash. Freshbooks is another great tool that I find to be a lot easier to use and manage than QuickBooks for small business owners.
What social media outlets do you use? List them below.
Twitter @smifinancial

Facebook www.facebook.com/smifinancialcoaching/

Websitewww.smallbusinessfinancebook.com and www.smifinancialcoaching.com

Hashtags #busyentrepreneur #profitablebusiness #moneymanagement #smallbiz

What is a good article or book you have read recently?

Beyond Travel: A Road Warrior’s Survival Guide by Marcey Rader. This book is full of practical and specific advice on how to be more productive and be healthier, especially if your job requires a lot of travel. This is a book that I wished that I had when I was working 12-14 hours days and traveling between 75%-100% over 5 years ago. After going through Marcey’s tips, I have become more productive and have been going to bed two hours earlier than I have in over two years! Time is money, and most entrepreneurs struggle with having enough time for their business and personal life. If this sounds like you, then I highly recommend this book.
What are you currently learning about for your business or looking for help with?
How to build better email marketing campaigns to engage with the customers and readers and provide value so they want to open and read the emails.
What are your goals for the next few months and how are you striving to achieve them?
Get the book in the hands of as many entrepreneurs and small business owners that I can and help them start building a solid, profitable business. My referral partners will be helping me get the word out about the book on launch day and I will also be doing workshops and talks. My 2017 goals include creating online courses based on the fundamental principles described in the book for those who want and learn better though visuals.

HOW TO BOUNCE BACK FROM A MAJOR FINANCIAL SETBACK

Financial setbacks inevitably happen to all us, these are not special gifts reserved for some and not for others, no, no, no, we all at one time or another face finanical setbacks. And if you find yourself dealing with a layoff, high medical expenses, forclouser or other setback, there are some things you can do to start the road to recovery. 

1. Acknowledge your current situation. This seems to be a reocurrent topic. The reason is, many of you are asking questions like, how do I move on? How do I start over? Or some of you even say, it isn’t that bad, at least I am better than other people I know. Well the truth is, unless you acknowledge you have a problem you won’t be able to fix. The best thing you can do if you are broke is admit it, look at yourself in the mirrow and say to yourself I’m broke.

2. Take responsibility. The easiest thing to do is blaming everyone else. From your parents, how you grew up, your education, your environment, your predicament, your job, friends, negative relatives etc. Maybe, is time to stop looking on the outside and it is time to start looking on the inside. Asses your situation, look at yourself and take resposibility.

3. Start where you are with what you have, make a game plan that works for you. Even though we all been through setbacks at some point in our lives, every situation is unique. If you’re in need of help get in contact with us www.redtogreeneconomy.com/contact we can help. Don’t be afraid to ask for help, Les Brown says, when you ask for help you don’t ask for help because you’re weak no, you ask for help because you want to remain strong. Create a plan that works for you, your financial peace/wellness is in your plan. No plan, no peace/wellness.

4. Work on yourself. Must people today work harder on their job than they work on themselves. Don’t missunderstand me you have to be diligent and do your best at work to earn your paycheck, but you have to be more than just a hard worker, you have to work on youself, grow as a person in order to bring value to the market place. Your income is in direct proportion to your personal growth, work on yourself

5. Make no excuses. Excuses are tools of the incompetent used to build monuments to nothing. Those who specialized on excuses wil never be good at anything else. Excuses don’t pay the bills. Start by making small changes, ask yourself what is something that’s within my power right now that I can change? And do that! Litlle by little, remember a little + a little + a little = a lot. You got this!!

For more tips read How to Live an Above Average Life on Your Terms.

What is a setback you faced in the past and how overcome? 

Can you relate to any of the tips mention here?

Kindly keep in contact with us at www.redtogreeneconomy.com also find us on social media we would love to hear from you.

Top Financial Challenges For Women 

 

 

 

 

 

 

far from trying to stereotype women, we just want to share few of the top financial challenges women face in today’s society, disadvantages that women need to be aware of when dealing with money matters. Again we’re not trying to stereotype women, each woman is unique and possesses the ability to soar and be a world class influential woman.

let’s dive in!

1. Wage Gap– on average, women earn less than men. Why that gap exists is a matter of often-heated debate, but the fact of its existence isn’t disputed.

 

 

  • What to do– While the wage gap is a subject for society as a whole to address, in the short term, individual women need to focus on money management and budgeting. A very particular trait in women is the ability to focus and multi task. Learning and developing new skills, one of the best ways of facing the wage gap challenge for women is by consistently tracking spending in writing. Skills are learned so this is one skill all women should learn tracking all spending, and using the collected data to create a new written budget. See our budgeting article

 2. Price Gapproducts designed exclusively for women are more expensive than those meant for men, women’s clothing is more likely to need dry cleaning, and women have to purchase things like cosmetics that men don’t use. All of these expenses add up to a hefty price gap between the genders. Studies have also shown that women’s health care is more expensive than men’s, even when exhibiting the same symptoms, not surprise!




  • What to do– Again, budgeting is key. Comparison shopping is also a must. There are all kinds of great apps or even store websites that can be use for comparison with the idea of saving money. The number one form of overspending isn’t buying on impulse, it’s paying too much for things. So look at your necessary spending and see if there’s anything you’re paying too much for that can be bought cheaper from another source, or in bulk. See our 10 ways of to make extra money article

3. Long-Term Care some of these categories seem especially unfair, in that they represent admirable qualities that nevertheless result in financial challenges for women. A Princeton study found that women are twice as likely as their male siblings to end up caring for an elderly parent. And a study from the Journal of Applied Gerontology found that women are more likely to be displaced from the workforce when providing long-term care.

  • What to do– The best solution is to plan well ahead of time, it is always a good idea to add a long term care insurance  tab to your budget planning when you start thinking that it might be necessary in the coming years. The fact that is in your mind, and you are concern about it tells that you might want to start planning for it before is too late.  Put a small percentage aside on your budget and get ready so that you’re able to get long-term care insurance to meet this need when the time comes. Every family situation is different, but if you think this kind of situation is likely, that insurance is more likely to be worth it. And your whole family needs to come together and decide if they are going to buck the trend and share care giving responsibilities equally among siblings just make sure is on writing as a contract, not that you don’t trust your family but, people tend to agree to this type of things and many times fail to deliver leaving the responsibility to a single individual to deal with. See our the secret to savings article

4.Charity – another category that turns a positive into a challenge; women are more likely to give to charity than men, and on average they donate more.




  • What to do– Donating to worthy charities and those that are concistent with your values is great, so we’d only caution you to make charitable giving part of your written spending plan so you don’t go overboard.  You can’t give what you don’t have, do not over promise and do not let anyone bully you or manipulate you into giving. Set a percentage of your income in your budget for giving and stick to it. Do not write checks by Faith to bounce back and get charge for overdraft knowing that there’s no money in your account. Doing that won’t help you or the causes you support. Think of when you’re on an airplane; they tell you in an emergency to put the breathing mask on yourself first, before helping anyone else. The same principle applies here. You’re no good to charities or the needy if you can’t make ends meet yourself. Follow your budget and give as you can, your priority is working your money plan so that you, your family and the people you love and wantvto help can benefit, so make giving a top priority in your budget and give accordingly. See our why giving article

4. Education– yet another positive trend that ends up costing women more money. These days, women are more likely to attend college than men. That’s good—it’s part of how society is addressing the wage gap—but with tuition costs skyrocketing in recent decades, today’s graduates are left with hefty student loan debt.

  • What to do– Student loans are a huge headache for graduates and a huge business for financial institutions everywhere in America, Student loans sees no gender it affects men and women alike. see our How to pay for college without using student loans article




 

What other financial challenges you think women are facing today?

If you’ve got difficulties with your finances in general we’re here to help. Contact us today @ www.redtogreeneconomy.com or @ getinfo@redtogreeneconomy.com