Steve Adkins - Financial Coach

Make sure you have a plan before shopping.

Don’t allow a business’ plan to get “in the BLACK” cause you to go “in the RED.”

7-years ago today I shared this post on my personal page. What I didn’t know then was that 5-days later I would get laid off from my engineering job. And within four months the two cars we were driving would need replaced. God has continued to provide and the used van and car we purchased with savings are still rolling down the road.

How many men do you know that bought their wife a car as a "surprise" gift? As hilarious as this video is it is much too close to reality for many. (note: one bleeped expletive)

"...only $3999 due at signing."
"...but with the zero percent aper, I think it is all good."
"APER, Do you mean APR?"
And then the neighbor! Oh my!
"Give the gift of Lexus and Definitely Talk It Over First."

December to Remember Car Commercial - SNL A dad’s (Beck Bennett) Christmas surprise to his family (Timothée Chalamet, Heidi Gardner) isn’t received as he expected.Saturday Night Live. Stream now on ...

So many people driving around in what could be their retirement account.

I am very excited to kick off a virtual Financial Peace University (FPU) class tomorrow. And very happy my wife, Amy, is joining me in leading. We have a few spots remaining at the link below.

http://www.fpu.com/1116240

Make SMART decisions based on your situation.

How are you holding up? Please let me know any questions you have.

Coronavirus reveals financial irresponsibility of Americans This national crisis reminds us to save for the future.

Very important recommendations. If you are working the baby steps and are in baby step 2 (pay off all debts except mortgage) and are facing income loss, pause the baby steps and save everything. Pay the minimums on debts and save the rest. If you cannot pay the minimums pay for the 4 walls Dave mentions below first before you pay on debts not related to the 4 walls.

A good reminder.

“If you haven’t the stomach for a roller coaster, stay out of the stock market. The ones who get scared and jump off are the ones who get hurt.” Paul Harvey, 1969
Dave Ramsey often says something similar.

We should only be investing if we have a long term window of at least 5-10 years. Then the power of compound interest and dollar cost averaging can ride the ups and downs and produce great returns.