Live 4 Financial Freedom

Live 4 Financial Freedom

By Bruce Mills
This is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to planning for kids. What your secret to Success is in Marriage, Kids and Money? Money is such a sensitive topic in a lot of relationships and a major cause of divorce so we will talk about money. Debt Freedom and FIRE is our goal so we have choices in life. We cover Mills Family Financial Freedom Rules. E-mail me at bruce@millsway.com to be a guest.
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Checking Receipts for Errors for Financial Freedom

Live 4 Financial Freedom

Checking Receipts for Errors for Financial Freedom

Live 4 Financial Freedom

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Roth Investment Accounts for Financial Freedom
For our family Roth IRA’s and Roth 401K’s are currently our best option. We are a huge fan of them. It isn’t for everyone but we stress to our boys to start with Roth Retirement Accounts early to help them towards their Financial Freedom goals. Fidelity Investments say “With a Roth IRA, you make contributions with money on which you've already paid taxes. You're able to withdraw your contributions tax- and penalty-free at any time, for any reason. Any earnings have the potential to be withdrawn tax-free in retirement, provided that certain conditions are met.” As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. One Roth Advantage I like that some people may see as a disadvantage is that you pay the Taxes upfront. Some people don’t like the thought of not using that on their taxes for the year. But I would rather pay on $10,000 contributions for the year than pay taxes on $150,000 if that is what it grew to once retired. Another Roth Advantage I like also is not only it is a powerful way to save for Retirement but you don’t have to do the required minimum distributions at retirement age. In our situation I hope to keep living on our other Investments and not have to ever worry about using the money in my Roth Account until Darlene retires. Even after she retires the longer, we can go with out touching the money the better off we would be. Not having to do the required minimum distributions is huge in this case for us. We are looking at other sources of Income and we want to only use Social Security and our Roth accounts as the last options. Of course, we will start taking out Social Security when we reach age 70. Darlene could have a Pension from her job starting at age 62 also which will help. Plus, we have our Business Income and other Investments. We are currently rolling over some of our money that wasn’t set up as a Roth into a Roth. After this year all of mine should be into a Roth and then we can focus on Darlene’s the following years. If you don’t have one set up you can go to any Financial Planner to get setup if you don’t want to do it yourself online. Fidelity and Charles Schwab can be very helpful also. I like the Roth Advantage of the savings growing tax-free. That is nice. Of course, I don’t have a crystal ball for the future but I hope the law makers will always keep the Roth rules in place. There are Income limits and other factors that your Financial Company that you work with can help you with. More covered in the Episode. Listen to it today. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. Sources and Resources from Podcast (Available in Show Notes) 1. Fidelity.com
12:07
March 26, 2020
No Loans to Family or Friends
Most people probably would say they love and care for their family and friends. Myself I like to solve problems because I don’t like to see anyone suffer. Especially when it is my family or friends. It normally has felt good when I could help them out with loaning people money but then normally those feelings go away and new feelings of pain seem to set in. Most people that I loaned money too paid me back but without a lot of hassle, lost trust and hurt relationships. Some people that loan money to others get feelings of being used, taken advantaged of and not wanting to help anyone else ever. Few people never paid me back and I never heard from them again. But when they asked me for money, I was their best friend and we would be best friends for life they made it seem. Funny how that happens. LOL Few people paid me back when they said they would. That is very few did that. Most people I had to hunt down, hassle them and one I even had to hire a Lawyer with to protect the money that was owed to me. Most people that did pay me back took anywhere from One to fifteen years. Yes, one took fifteen years to pay me back. It is tough when people don’t even try to make small payments to you monthly. Instead they seem to never bring it up what they owe you and normally don’t pay any money towards the loan unless you bug them. I even loaned someone my house to live in and I moved in with a neighbor. The family that moved in my house was supposed to be a short time situation and were to pay me for utilities and a small rent amount. They paid the first month and then after that nothing. I had to have friends help me evict them. I never received any money from them for the past utilities and rent from the house. I never have heard from them again. Plus, they broke some stuff while living there. Sometimes when we loan money to people, we hurt them more than we help them. We don’t let them solve their own problems and think outside the box. Plus, they probably have deeper issues like spending more than they make. If you solve their money problems, they will probably be right back in money problems down the road again. I asked my Dad twice for money and he said “Sorry Son but you will figure it out, do you want to talk to your mom?” He was so right and both times I did come up with solutions once I let my mind calm down and it made me stronger. Some more reasons to think about before you loan money to any family or friends; Covered in Podcast If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club
11:37
March 19, 2020
Emergency Fund of 6 Months of Expenses
Many people do not have enough money in their bank accounts to pay for a $1,000 car repair bill. I have worked with and talked with so many people that had less than $100 in their checking and savings account. Many had no retirement savings either. I have heard that one out of four people have no emergency savings fund. We believe in having an Emergency fund for our family. We teach our boys to have at least six months of their total expenses in a savings account. We like to use a Brokerage Account for our Emergency Funds and we invest it in Stocks, Mutual Funds and EFTs. We know if we have to liquidate some funds to pay off an unexpected bill, we could with in about seven days at the most. Of course, no place is safe and no investment is safe. Any Investment can go down at any time. Some Financial Coaches or Advisors may feel that you should keep the money in a well know Bank and not in stocks. That is fine for them, but for us we believe in the Market. You need to make your own decision with what amount of risk you can accept. That is where a Financial Planner can help you out with options and making your choice if needed. Remember this show is for entertainment only and you should seek advice from your Financial team if you have any questions on Investing. See my Disclaimer on MillsWay.com. I want to help you prepare for an unexpected bill so you don’t go into debt paying on a bill. I want everyone to live Debt Free and reach their Financial Freedom goals. So, if our monthly expenses average about $3,600 per month then we need to have saved $21,600 in our Emergency Fund. If we know we have some big expenses coming up in the next year or two we will build up our Emergency Fund account to cover those expenses also. For example, if we need to buy a used car next year and we feel it will cost us around $10,000. Then we will need to build up our Emergency Fund account to $31,600. Here are some examples of Emergency Expenses that can come up and if you don’t have the money saved for them then you could go into Debt. Covered in the Podcast. Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club
13:57
March 12, 2020
Once Debt Free - Stay Debt Free
Once debt free it is important to stay debt free. This is one of the lessons we teach our boys. It is easy to get back into debt if you let yourself once you are debt free. I know this from personal experience. I let myself do this several times until I got tired of the rollercoaster of debt and jumped off. It took me remembering the pain that I felt when I was in debt and the times that I wondered how I was going to make the minimal payments that were due for the month. People I worked with in the past had different reasons why they wanted to stay debt free. Some didn’t like the feeling of not wanting to answer their front door because it could be a debt collector, some people were afraid to answer the phone and others were afraid to check the mail because it may have more letters from Debt Collection companies. Finally, the pain of those experiences was enough for them to make a change and take action to not only get debt free but to stay debt free. If you are married or in a committed relationship then this can be twice as hard than for a single person of course. So, if you are married or in a relationship it is so important to have this be one of your monthly topics at your monthly financial review meeting or celebration parties. What ever you want to call it. Once you are debt free for life then you can start focusing on your Financial Freedom goals and how you are going to get there. For our situation we wanted to be debt free except for the house before we started saving for our retirement. We know the value of investing money early but with debt we are investing into getting debt free for life so we can then really be focused on our Financial Freedom goals. Some times people want to be totally debt free including their house before investing for retirement. There is no right or wrong way that I feel as long as you are reaching your retirement goals. Reminder that it is a math choice and consequences. Bottom line you need to be happy with your choices and can live with the consequences. Listen to the whole Podcast for all the info. Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club
14:32
March 5, 2020
Social Security Starting at age 70
Everyone has different situations that can affect when they choose to start taking Social Security payments. Some of my friends started at age 62 and some waited till age 70. For your situation it would be good to visit with your Financial Planner and your local Social Security Office. Darlene and myself have a plan to wait till age 70 for our situation. We want to max out our monthly Social Security benefit that we possibly could get. Of course, we still have sixteen years to wait until that time but we hope our other Investments maintain us so we don’t need to touch Social Security. Social Security website said the following – “If you were born between 1943 and 1954 your full retirement age is 66. If you start receiving benefits at age 66 you get 100 percent of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase. The chart below explains how delayed retirement affects your benefit. The increase is based on your date of birth and the number of months you delay the start of your retirement benefits. If you start receiving retirement benefits at age: 67, you'll get 108      percent of the monthly benefit because you delayed getting benefits for 12      months. 70, you'll get 132      percent of the monthly benefit because you delayed getting benefits for 48      months. When you reach age 70, your monthly benefit stops increasing even if you continue to delay taking benefits.” See the link in the below show notes. We print off our Social Security statement each year to check and make sure they have our correct past years income. Plus, it is fun to see what the projected benefit amount is at different ages. Hopefully our elected officials don’t take away from Social Security and help protect it for future generations. Remember I am not giving you any financial or legal advice, this is just for entertainment purposes and see my Disclaimer Page. Here are some reasons that people I have talked with decided to start taking Social Security payments early; More covered in the Podcast Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) 1. Social Security Stats from https://www.ssa.gov/planners/retire/1943-delay.html 2. Social Security Break-even Points https://www.cnbc.com/2018/08/13/those-social-security-break-even-calculations-can-be-misleading.html
12:26
February 27, 2020
Checking Receipts for Errors for Financial Freedom
We just showed the boys again today how we were over charged at the store. It was only $4.20 on that trip but like we told them that $4.20 if it happened each week it would add up to $218.40 in one year. We had a time with the boys that four out of six stops in a row we were over charged. We were wanted to be undercharged to show them how to be ethical and let the store know you owe them money. But that hasn’t happened yet when the boys have been shopping with them. We stressed to them to check all receipts on anything they ever buy in their lifetime. This goes for all repairs that they ever pay for. We told them to look at how much they were over charged and then figure how many hours they would have to work to pay for that amount. You may not think it happens often but it does. I know the Customer Service department at some of our stores we shop at a lot know us well. Darlene and myself grew up basically in retail and management jobs so we probably watch pricing better than most people do. To be Financially Free I feel we need to not only to save and invest our money but we also need to not lose money when we don’t need to. I know all Investments can go up or down and we could lose on them but with what we purchase we can control what we are willing to spend. Same goes for asking for deals. We taught the boys that and then told them that even when people said they would give us a deal to make sure that you get the deal. We have had many times that we were told that we would be getting a deal and they forgot to give us the discount. More covered on the Podcast. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas
12:28
February 20, 2020
Creating a Budget for Financial Freedom
Some people don’t like to think or talk about their own budget. They may feel like it is work to do or they feel they won’t have anymore fun in life if they start following a budget. Having a personal budget is like work. The place you work needs to spend less on expenses than they bring in for income. That is no different than your own personal budget. It is simple Math. This is part of our Mills Way to Financial Freedom Action steps and rule that we covered with our boys. They don’t do a great job at it so we help them at least with the savings part of their budget and staying debt free. Creating a budget is more than just making sure to place a spot of each expense. It is also important to create a payment accelerator amount in the budget. The payment accelerator amount is what we use to get our debt paid off faster and then to save towards or Financial Freedom goal. Sometimes when I have worked with people, they had to make hard choices what they felt was hard to them. To other people their choices may seem like they should have been easy. For instance, if one family gives their kid’s $100 per week allowance and someone like us that doesn’t pay our kids an allowance, we would see that as an easy choice to cut back on in the budget. But they may not think so. One family may spend $150 per week on Cable TV and another family like us has Antenna TV. So, for us that would be an easy expense to cut back on in our eyes but maybe not theirs. Couples I have worked with in the past had a harder time agreeing on what to adjust than single person of course. Sometimes people made even larger reductions by downsizing their house or selling off an expensive truck they own. I have budget sheets available for people I work with that we can break each expense out monthly and yearly. We show what the percentage of the expense is to total expenses. Then we can see that they roughly need to in investments to reach their retirement goal. Of course, before they can save for retirement, they need to get their budget in-line and then get all their debt paid off. Below are some suggested rough percentages that people could use as a rough guideline when doing a budget. The one I like to plug in first is 10% for your Debt Accelerator amount to get debt free and save towards Financial Freedom. Our Budget has Needs and Wants in it. Remember we need Shelter, Food, Water and the rest of our expenses are negotiable. Yes, we need clothes but in reason. Our Clothes budget for the four of us is $1,380 a year. I have seen some people spend over $6,000 on just clothes a year. Some people think if Blue Jeans or Shoes aren’t over $100 than they aren’t any good. If people make the income to support $6,000 in clothes then good for them. But a majority of people have debt, no savings and spend more than they make so they need to look at every expense. Here are some suggested percentage of your family take home pay after taxes and insurance. It is covered in Podcast. Remember my disclaimer on millsway.com. I am not giving any legal or financial advice. This podcast and blog are just for entertainment. Click here for some Side Income and Part-time Business Ideas Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor text me at 480-389-6224.
17:38
February 13, 2020
Adult Kids Moving Out Plan
Down here in Arizona I have golfed with so many people that had plans on enjoying retirement and playing tons of golf but things happened with their adult kids that they had not planned about. Most people love their kids and it is hard to say “No” to them. I know that for a fact. When the boys ask me for stuff it is hard for me to ever say “No” to them. They say “Dad” and give me those cute eyes and I melt. But there are times we need to say “No” so they can grow and figure it out on their own. One of my friends has a daughter that got Divorced and moved in with them with her two kids. That was over ten years ago. Another friend has two adult kids living with them and they each have kids also. He said he is picking up after them all the time and they don’t help out at all with pitching in towards house or food expenses. His kids are in their thirties, that is crazy. I know one lady has a healthy and stable son that has never moved out, he is in his sixties. WOW. The three examples above are sad stories. The parents are in their seventies and eighties and still working jobs to support their adult kids. I say it is time for their kids to move out and figure it out and to pay their share of rent. All three examples of parents all have Debt also. Ughhh.. I asked my Dad for money a few times in my life and he turned me down each time. He said “Sorry son but you will figure it out, want to talk to your mom?” He was right, I did survive and figured it out. It is hard for people to say “No” to their kids but they could be hurting them more than helping them. CBSnews.com said “Almost 40 percent of young adults lived with their parents, step-parents, grandparents and other relatives last year, or the highest point in 75 years, according to data from real estate analytics company Trulia. The research echoes findings from the Pew Research Center earlier this year, which found that 32.1 percent of 18- to 34-year-olds lived at their parents’ homes in 2014, exceeding the 31.6 percent of young adults who were married or living with a partner in their own household.”. See link below in the show notes.. Listen to the whole podcast for all the details.  Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Have a great day! Bruce Mills and family Sources and Resources from Podcast (Available in Show Notes) Cbsnews.com https://www.cbsnews.com/news/percentage-of-young-americans-living-with-their-parents-is-40-percent-a-75-year-high/
11:01
February 6, 2020
Research all costs before buying a Pet
Most people would say they love pets. I know growing up I had Rabbits, Fish and Dogs. As an adult I had dogs also until I was in my mid-thirties. My first dog was a Black Lab called “Flash” and he was a fun dog but I had to leave him with my folks when I moved out of the house to an apartment. My next dog was a female Golden lab called “Mariah”, she was a great dog also but tore up the yard.  Our boys would love to have a dog I know but it just doesn’t fit in our current situation. For us the boys are busy with work and school for one thing so I would be taking care of the dog. Plus, our backyard isn’t ideal for a dog since it is a Golf Putting and practice area. My last dog would have torn it apart. Another reason a dog isn’t for us now is we travel a lot so we would have to find a place for it to stay. Also, some of our relatives are allergic to pets so they wouldn’t be comfortable staying with us. The last reason is that a dog or a pet doesn’t fit into our current budget and plans for financial freedom. But I know some of you may be saying “they are so cute”, yes, they are but there are too many reasons why not to have a pet in our situation. I have worked with families in the past that had anywhere from one to four pets in their house which they couldn’t afford. They weren’t saving for retirement; they weren’t saving for their kid’s college and they were all in major debt problems. A pet to most people is a “want” not a “need” like we covered before in rule 38 of the Mills Way to Financial Freedom Rules. For those of you that track your expenses you will know that they can get very expensive. One of my dogs averaged us around $1,800 a year or $150 per month. I know that number can change depending on the health of the pet and how much you pamper them. I am sure there are some people that drop a ton of money a year on their pets. Some people have Dogs, Cats or even Horses as pets. The cost per year is going to be a lot different from a Dog or Cat to a Horse. So, I will give some examples in the podcast. Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Click here for some Side Income and Part-time Business Ideas Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
16:23
January 30, 2020
Know the Difference betwen a Need or a Want
We all probably have different meanings of what a “Need” or a “Want” is to each of us. We have tried to get our boys in the habit of looking at things as a Need or Want when they want to buy something. Of course, it would be nice to buy only Needs until we are Financially Free but that is not the real world. I am not saying it isn’t possible but I don’t know of anyone that hasn’t bought a want sometime in their lifetime. In life every thing we strive to be in balance even though it is hard to achieve. When we get out of balance in one area then another area suffers. Same goes with buying too many Wants versus Needs. If we spend too much on Wants then maybe our Budget is out of whack, we could get in debt or take longer to reach our Financial Freedom goals. Basic needs we need is a roof over our head at night when we go to bed, Food for our body to have energy for the day, Water to drink for our body and Air to breathe. We also need Money to purchase those items. To find money for the basic needs we have we need a source of income either from Savings, Investments, Job or other outside sources. If we have a job, we would have some more needs and if we have kids, we have even more needs. More is covered in the Podcast. Positive Quotes Here are two positive quotes I like; “There is no way to happiness; happiness is the Path.” By Buddha “The best way to predict the future is to create it.” By Peter Drucker “Change Your Thoughts - Change Your Life” by Wayne W. Dyer Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club
22:40
January 23, 2020
Don't Co-Sign on Any Loans for Anyone
Have you ever co-signed on a loan for someone before? If so, how did it work out? I have had many friends that co-signed loans from student loans to personal loans for their kids, relatives or friends and some of those loans they ended up having to pay them off. I co-signed on a couple of loans and they both worked out but at times I lost sleep worrying about getting stuck paying for them. I tell myself I won’t put our family in that position again. We have told the boys many times that we won’t co-sign on any student loans or personal loans for them. We love them all but we don’t want to be on the hook for the loans. Also, we want them to learn to only count on themselves and to save up the money before buying something so they don’t need to get any loans. You may think I am crazy but it is possible. We all have many choices in life and we can put off things till we can afford them. I know our society pushes us to borrow money and enjoy things today. That is why so many people are in debt in the United States. We walked in Kohls department store on Thanksgiving night when Logan wanted to buy a Nintendo Switch and right in the front door, we were stopped by a Kohls employee who had a clip board. She asked if we had a Kohls Credit Card. Of course, she had a sales pitch on the values of having a Kohls Credit Card but not the negative things like high interest rates and being in debt. In the last month I have been asked at many places like Home Depot, Target, Wal-Mart and more. Think of all the places you shop that ask you to open up a credit card. We told the boys if they ever want to co-sign on a loan, they need to be prepared to take over the loan if the person decides not to pay on the loan anymore. Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Sources and Resources from Podcast (Available in Show Notes) Bankrate.com website      at https://www.bankrate.com/loans/personal-loans/reasons-not-to-co-sign-loan/ Creditcards.com      stats - https://www.creditcards.com/credit-card-news/co-signing-survey.php
17:22
January 16, 2020
Action Step 3 to Save $1,000
Prime reason why you should do Action Step 3 of the Mills Way to Financial Freedom 10 Action Steps just happened to us recently. I got a call from Darlene and she said that when she was leaving for work at 1am that the Garage Door wouldn’t close all the way down. It would go three quarters of the way down and stop and then go back up or just stay there at times. I did my normal you tube search of how to fix our household issues. I tried what I learned on the videos like making sure the sensor lights were matched up, the tracks were straight, wheels were oiled. But nothing worked. So, I called the Garage Door repair company and they said that it may be a Mother Board to the Garage Door Opener. So, they lined up a repair person to come to our house the next day. When he got there and walked in our garage, he knew right away what the problem was (See Photo Above of the Broken Spring). He pointed up to the Springs above the Garage Door and showed me where they broke. Bummer I said. It’s Christmas time and now we had to fix the garage door. The bill was $400. This is a prime reason why to have $1,000 Emergency Starter Fund in Action Step 3.  Since we have an Emergency Fund, we were able to pay for the Garage Door Repair easily. Even though it is never fun for me to spend money on repairs. But it comes with home or car ownership. On the Podcast we cover a lot of ideas on how to raise the money. Positive Quotes “Take Action! An inch of movement will bring you closer to your goals than a mile of intention.” By Dr. Steve Maraboli “The Future Depends on What You Do Today.” Gandhi Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club
16:09
January 9, 2020
Wedding Budget
Weddings are a fun and very emotional time. They can also be a very expensive time. We get all caught up with the excitement of the event or party and can lose control of the cost if we use a credit card instead of paying cash. Start with having a Wedding Budget is a key. Sitting down and deciding on how much you both want to spend on the wedding, reception and honeymoon. Also ask both sets of parents if they want to give any money towards your wedding. It is your wedding and you aren’t entitled to any money, it is there choice to help you out or not. Setup a Checking Account just for the Wedding expenses. Both names should be on the account. Stick with your budget. If they agreed on $250 for a dress then you shouldn’t buy a $800 dress unless you both agree on a revised budget. No need to go into debt for a wedding. Don’t think you have to have a big wedding or reception. Some people who don’t have the money can just go to the courthouse and get married for little cost. You don’t have to go on a honeymoon if you don’t have the money for it. We were married we never went on a honeymoon. We figure everyday we are together is our honeymoon. LOL Pay cash is the way to go so you don’t go into debt for this special event. I would suggest opening up a joint checking account so you both have access to the funds for the wedding. Both of you can deposit the money you have decided to spend on the wedding. If your parents decide to give money towards the wedding then that money can go into your wedding budget checking account fund. Here are some ways people I know have kept the costs low when getting married. Like I said before if you want to have a really low-cost wedding just go to the courthouse and skip the reception and honeymoon. Keep the Wedding Costs Low Ideas are on the Wedding Budget Podcast. Listen to it today! Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club
16:38
January 2, 2020
Mills Way Action Steps
We have the Mills Way to Financial Freedom rules that we teach our boys. Today let’s talk about the main Action Steps that we teach our boys so they can work towards reaching Financial Freedom. They could have your own action steps on their journey to Financial Freedom or if they choose to go in different order than that is their choice. They could also go at different speeds and that is their choice. They just have to be able to live with the possible consequences good or bad. A lot I would say would start with what their goals are. Action Steps Let’s dive in on what the Mills Way to Financial Freedom Action Steps are that we taught our boys; (On Podcast Listen to) Our Mills Way to Financial Freedom rules help tie into the above 10 Action Steps to Financial Freedom. We have to remind them that if they are in debt that they won’t get out of debt overnight. There is no magic wand to help them with it. Normally people get in debt overtime and enjoyed spending the money so now they need to pay for the fun they had. It is such a better feeling being debt free then it is when you are in debt. Or even worse drowning in debt and trying to figure out what bills to pay next month. I have been they’re and that is what drives me to help our kids and others not to be in that debt black hole. If you know anyone that needs help to reach Financial Freedom please pass on my contact information to them. Positive Quotes Here are two positive quotes I like; “There is no way to happiness; happiness is the Path.” By Buddha “Change Your Thoughts - Change Your Life” by Wayne W. Dyer Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club
23:13
December 26, 2019
Build a Financial Team
It would be really hard or impossible to know everything about everything even though my teenagers think they do. LOL Building a Financial team is one of the Mills Family Financial Freedom rules we cover with our kids. Since it is hard to be an expert at everything that is why I feel it is so important to build your own Financial Team. A team that can help protect you financially and legally so can retire with Financial Freedom. Of course, depending on how much your Financial Nest Egg is depending on how much you will need to have your team around. I would guess a billionaire would almost have some of the below team members be working full time for them. Darlene and myself aren’t at Financial Freedom yet but we are on our last step towards achieving it. So, for now we don’t need our team very often but we have a team that we know we can count on them. We trust them and know that we can call them and they can help us out. Our Financial Team may not be the same as you need or want. This is just what we have for our Financial Freedom goals. Here is what our team looks like: See MillsWay.com for the full list if you don't listen to it in full. Here are two positive quotes I like; “There is no way to happiness; happiness is the Path.” By Buddha “Change Your Thoughts - Change Your Life” by Wayne W. Dyer Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club
15:34
December 19, 2019
Buy Used Cars
Car shopping isn’t one of the most enjoyable things for a lot of people. A friend of mine once said he would rather go to the Dentist then go car shopping. I am not a fan of Dentist either and probably enjoy some of the hunt and numbers of car shopping. This is one of the rules to Financial Freedom that we teach our kids and we have taken them with us to experience the whole car shopping experience. Including the games and negotiation that is played. Before we start talking about how we go about car shopping lets think about some things from the Millionaire Next Door book. Here are some key things from the book that studied Millionaires (It is on my must read book list); You aren’t what you drive. They believe that financial independence is more important than displaying high social status. 81% of  Millionaires purchase their cars and 19 leased in their study. Only 23.5% bought  Current year cars. The rest were all older. Average car buyer in America has a net worth of 2% that of a Millionaire but spends 72% of  the most that a typical millionaire ever spend on car, Then another good book to read is Spend Smart book. Here are a few things to think about before we dive in to the rest that we teach our kids. Bill wrote: If your goal is to keep automobile costs down, buying is much better than leasing a car. The three largest costs in automobile ownership are depreciation, insurance and finance charges. Leasing tends to maximize all of these costs. Don’t lease a car.  If you can’t afford the payment on the car you want downsize what you  want. In Suze Orman’s book she said that taking out leases is a costly financial mistake. She also said Certified Pre-owned cars with warranty is a good option. We start with first knowing what our budget is to spend on a car that we are looking at getting.  Everyone can have their own opinions on how to car shop or feel they are an expert but the below points are what we taught our boys. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) Spend Smart Book      by Bill Keenan The      Millionaire Next Door Book by Thomas J Stanley, Ph.D. and William D.      Danko, Ph.D. The Do’s and Don’t      of Money Book by Suze Orman
18:04
December 12, 2019
Learn to say the word "NO"
How does the word “No” have anything to do with reaching your Financial Freedom Goals you may be asking me? It is a huge factor, I think. You need to be able to say “No” at times to be able to stay on your budget and disciplined to reach your goals. In our house hold we have to say “No” quite often to our boys. If they had their way, we would be going to the movies every night and out to eat every night. Which I would agree with them that it would be fun but then the next day I would be disappointed in myself that we didn’t stick by our budget. Each week I get invited to golf at least three times at about an average cost of $50. The prices are higher in the winter months because of all the snow birds. My budget for golf is about $50 a week. In the months from May to October I can play about three times a week for $50. But in the winter months I can only play once a week. It isn’t any fun turning down friends who invite me to play golf but in our current budget that is what our budget is. Maybe once the boys are out of the house and my business is making more money. So, in the Winter months I try to mix it up and golf each week with a different group of friends to try to stay in touch until the cheap rates come back. I also will invite them over at times to watch Football on TV to help keep in touch. Another time we have to say “No” at times is when friends want to go out with us for the night to dinner or drinks. Our budget on going out with friends is currently only $100 a month. So, depending on what friends want to do that is normally one night out for the month with another couple. We try to mix it up and rotate different sets of friends to get with each month so we can try to keep in contact with in person other than just social media. Sometimes we will also ask friends over to our house to play some cards or do some putting in the backyard. We can have fun with friends at our house for a low cost for sure. About $25 in snacks can go a ways. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.
12:46
December 5, 2019
Goals for Financial Freedom
Setting Financial Goals is the first rule in the Mills Way to Financial Freedom rules that we covered with the boys. The importance of goals is to help us make our dreams happen. You need to write them down to be able to make them happen. Difference between a Dream, Idea, Vision and a Goal is nothing more than writing it down. After we write our goals down on paper, we don’t hide it and forget it. We post it, shout about them and we review them monthly. “We” is a must if you are married, it is hard to hit Financial Freedom goals if both of you don’t agree on them and the action plan to attain them. When setting the goals to your monthly review meetings schedule it with your spouse or partner if you aren’t single. If you are single maybe ask your best friend to come to your monthly goal review meetings. Having it schedule a month in advance helps make sure the meetings happen. Some people hear the word “Meetings” and they run. Some people feel meetings are a waste of time at their jobs when they could be getting their work done and getting out of work earlier. Financial Freedom Goal meetings aren’t a waste of time. They are important tool in your achieving your Financial Freedom that you want. Why not make the goal review meeting fun? Maybe get some snacky food or order pizza to be delivered. Make it a party and have fun celebrating what progress you made towards your goals. When you are having fun, you are able to think outside the box easier to be able to come up with ideas on how to achieve more the next month. These goal meetings we will be covering our budgets and actuals from the last month. We like to schedule our goal review meeting on the 2ndof each month so we have last months numbers to review. We will talk about budgets and tracking numbers in other posts. We have personal goals and financial goals that were based off what our family priorities are. So, you would need to decide what your own priorities are. Goals and Priorities, you both need to agree on them if you aren’t in a committed relationship. Here are some example steps to do for your goal setting; List your Top 5 Priorities. Set Long Term      goals for each Priority. Make them attainable. Set Short Term      goals for each priority. Make them attainable. Set Action Steps      for each long-term goal and short-term goals. List 3 habits you      want to do in the mornings and 3 habits you want to do at night to obtain      your goals. List any things      that you are doing that is distracting you from your goals and make      adjustments. For instance, let’s say you are watching TV every night from      6pm to 10pm. Why not adjust it and watch from 6pm to 8pm if you wanted to      and spend the other two hours working on your goals. That is just an      example. I am not a fan of watching much TV. Set daily goals      and Weekly goals and then list the progress down you did each day. Each      night you could reflect on it before going to bed and making the plan for      tomorrow. More info at MillsWay.com under Blog tab.  Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night. MillsWay.com
12:50
November 28, 2019
Christmas Budget
Christmas is around the corner and people are starting to think about what they want to give at Christmas time. At our house we have our Christmas Tree up and our Outside decorations up also. We have been getting Christmas Ads in the mail from companies like Best Buy and Kohls.  We have been getting plenty of emails sent to us about Black Friday sales coming up or pre black Friday sales. There is so much temptation this time of year to blow our Christmas budget out of the water. We want to buy for everyone and make everyone’s dreams come true, especially the boys. But thank goodness we both are on the same page with our Christmas budget and sticking by it. If you are single then you don’t have to worry about a spouse at Christmas time and you can go spend what ever you want on who ever you want with in your budget hopefully. But if you are married it can get tricky if you want to buy them a special gift for Christmas but you don’t want them to know how much you spent on it or what it is. That is a challenge when you are married and both on a Christmas budget. Remember that you both are grownups and should be able to stick to budgeting goals you have both decided on. If you haven’t yet it would be a good time to sit down and decide on how much you both want to spend for Christmas this year and then break it out for each person you want to spend it on so things don’t get out of line. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Let me know your thoughts or ideas. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a Merry Christmas.  Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) Average Christmas Spending Stat - https://www.investopedia.com/financial-edge/1112/average-cost-of-an-american-christmas.aspx https://nrf.com/media-center/press-releases/consumers-will-spend-41-percent-more-last-year-during-winter-holidays
13:51
November 21, 2019
Always Ask for a Deal with Seth Sanchez
Today is a good day since I was able to do my first pod cast with Seth who is our Son. He is 13 years old and a future star in any thing he goes into.  Asking for deals or for a cash discount isn’t always very easy for a lot of people. My parents never talked about this subject when I was a kid and I don’t remember ever hearing them ask for a deal or a discount. Now I think about all the money they could have saved during their life time. Seth and Logan, I hope they will take the Mills Way to Financial Freedom rules that we teach them and use them in the future. Then hopefully they will continue on and teach their kids the rules also. Here is two positive quotes I like; “There is no way to happiness; happiness is the Path.” By Buddha “Change Your Thoughts - Change Your Life” by Wayne W. Dyer Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Let me know your thoughts or ideas. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Visit my website today to see my recommended Must Read Books and other info. Millsway.com 
11:40
November 14, 2019
Surviving Divorce
Divorce Sucks.. Sucks.. Sucks…. Divorce is not a favorite topic for me, it is an ugly word and a word we never talked about in my parents house when I was a kid. I never even knew anyone personally before I got married that went through a divorce. Now I know many people with divorces or as we say on the golf course “D’s” and it keeps growing by the day. I will go on record I am against Divorce unless it is a safety issue for them or their kids. Most Divorces seem to happen over one spouse cheating or money issues. WebMD said 2 out of 5 of first marriages will end in divorce after one spouse cheats. WF Lawyers said that almost 50% of marriages will end in divorce or separation when I was searching about money issues. From my time helping people with debt problems it sure seems like over 80% of those divorced said Money was the top reason for the divorce or one of the top reasons. Some references are listed below in the show notes if you like stats. I think people who may be on the fence about getting a Divorce may want to go see a counselor or pastor at church. Another good option would be seeing a marriage counselor or buying a set of Gary Smalley Relationship tapes. That is if your spouse will attend. My past ex went one time and then said it was just me that needed help. We had so much debt that even after selling our house we still had debt to divide up. Some more things to think about is from an article in Time Magazine. It had some stats like: Average      first marriage 8 years Average      second marriage is 6 years. I have heard that divorce rate is higher on 2nd     marriages and even higher on 3rd marriages. Overall      showed kids are more likely to be harmed by their parents getting divorced Average      total household wealth of those ages 51 to 61 for married couples as      $132,200. Those Divorced was $33,700 and Widowed was $42,300. It is      cheaper to live in one household than two for sure. Judith Wallersteom on a book she wrote a book called “The Unexpected Legacy of Divorce” Said “Children from broken families tend to marry later, yet divorce more often than those from intact homes. Listen for more info. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com Sources and Resources from Podcast (Available in Show Notes) 1.Timeline of a Love Affair - WebMD https://www.webmd.com › sex-relationships › features › love-timeline 2.Divorce Statistics and Facts | What Affects Divorce Rates in the U.S.? https://www.wf-lawyers.com › divorce-statistics-and-facts 3. Time Magazine September 25, 2000
17:48
November 7, 2019
Have Enough Insurance Protection
Insurance isn’t maybe the most exciting subject but one that Darlene and myself feel is important to cover with our Teenage Boys. We want them to know that they need to protect their assets as their assets grow. Especially since today with all the Lawsuits that are filed. It is hard to not watch TV in our house and not have many different Personal Injury Lawyer Commercials come up on TV. Insurance costs a really big expense most people have and the costs can vary so much from company to company. In our situation we are one of the lucky families that have no debt so we have more that we want to protect from losing. We have higher amounts of Protection to help us with that. But since we have our Emergency fund complete, we are able to have higher deductibles so we can have lower cost for our Insurance. We have Term Life Insurance on Darlene to Protect her income from her day job till she fully retires and the boys are out of the house. We are looking at Umbrella Policy’s currently for more Coverage now that Logan is driving In this podcast I covered some ways we lowered our Auto, Home and Life Insurance cost lately and our plan for the future. Let me know your thoughts or ideas. If you are looking for a Financial Coach drop me a note. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com
19:12
October 31, 2019
NO Student Loans for our Teenagers
We feel it’s so important for Logan and Seth to start their lives after college with no Student Loans and No Car loans. No Debt at all. We are helping them out by giving them each a used car and they can live at home rent free until they are done with school. But they will need to pay for their college tuition, books and misc. charges. Having NO Student Loans is one of our Mills Way to Financial Freedom rules that we stress to the boys. We want them to grow into successful Adults and give us grandkids to play with someday. Way down the road. LOL Seven Top things we are trying to do for Logan and Seth so they don’t have any Student Loans they owe on after they are done with college. They are explained in this Podcast with some interesting Stats. Let me know your thoughts or ideas. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com Sources and Resources from Podcast (Available in Show Notes) Student Scholorships average they receive - https://withfrank.org › for-parents › scholarships-and-grants-for-parents › ho... Student Loan Debt - https://www.forbes.com/sites/zackfriedman/2019/02/25/student-loan-debt-statistics-2019/#63ffb661133f
16:22
October 24, 2019
Disney Family Cruise to Mexico 2019 Review
This was our second Disney Cruise to Mexico. We left out of San Diego, CA. We were gone 3 days and 2 nights so it was a quick trip. But the boys loved it and loved the other cruise also. Now they want us to book a 7 day cruise for next summer. They ran into some old friends from their last cruise and made tons of new friends.  Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com Show Notes and References 1. Info about Disney Cruises at https://disneycruise.disney.go.com/onboard-activities/halloween-on-the-high-seas/
24:02
October 22, 2019
Sales Challenges
Sales is Hard. Most days you have to be your own Cheerleader. You may say that you aren't in sales but I would disagree. We all are in sales everyday.  Also we will talk about starting a Home Business and the importance of staying Debt Free. Work within your plan and budget.  Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com Resources 1. https://sbecouncil.org/about-us/facts-and-data/ for stats about Small Business
32:46
October 20, 2019
Live for Happiness
Live for Happiness is way better than being stressed out. I give in the Podcast some ways I help to reduce stress and be Happier in my life. Disclaimer I am not giving you and Medical advice and you should see a Doctor for that. Liv4 Podcast is available on Anchor.fm, Spotify, Google Podcasts, Pocket Casts, Breaker Audio and more. Leave any comments you have on our show or email me. Please support or donate to our Podcast at anchor.com/Live4 or patreon.com/millsway or paypal.me/millsway Also please share us with your friends if you like our Podcasts. if you want to be a guest please e-mail me at bruce@millsway.com Thanks and Have a great day! Stay Happy! Bruce Mills Show Notes and Resources 1. Stats from gostress.com/stress-facts 2. Mills Way to RICHER LIVING book by Bruce Mills 3.  Your Best Life Begins Each Morning book by Joel Osteen
43:36
October 18, 2019
Live for Balance in your Life
Living in Balance is hard. In this show I hope to help you live a life in more balance. It may be impossible to ever be in perfect balance but I hope to help you improve.  Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Show Recources 1. https://smallbiztrends.com/2018/02/work-life-balance-statistics.html for some good stats to check out. 2. "The 7 Habits of Highly Effective People" by Stephen R. Covey. A great book to read and shows how to use a schedule to achieve balance in your life.
39:16
October 16, 2019
Stocks Buy or Sell
Darlene asked me if we should sell our Stocks with the market so high. What are your plans? We don't have a Crystal Ball in our house to know what to do. Our long term plan has been to hold on to our stocks and ride out the roller coaster of the stock market. There is so many different opinions out there. Just watch the news or read your email blogs from stock investors and you will see what I am saying. If you would like to be a guest with me in a future show please let me know. Please support and share my Podcast to help sustain our shows. Thanks and Have a great day.  Bruce Mills Email is bruce@millsway.com Websites are Millsway.com and www.Live4.Club Some more resources from the show if you want so good reading. https://www.aaii.com/ and June 2019 aaii Journal No.6 pg 7-11 Kiplingers Magazine Nov 2019 pg 22-26 Money.com Magazine March 2019 pg 21-22 Jon Johnson from Investment House Daily email 10/13/19 https://www.cnbc.com/2019/10/03/markets-rebound-in-major-comeback----five-experts-weigh-in.html
37:17
October 14, 2019
Broke can be temporary
Being Broke can be temporary if you let your mind come up with positive solutions. In this Podcast I will be sharing with you my past experiences and how I made it through it. I also shared how some others handled being Broke. I also shared with you ideas of where to possibly go to for Free advice to help you through your challenging time. Please support Live4 Podcast if you find them helpful and enjoy them. Also share it with your friends. If you would like to be a future guest on our show just drop me a note to bruce@millsway.com Thanks and Have a great day! Bruce Mills Show Resources; Books to read  1. What Color Is Your Parachute Book by Richard Nelson Bolles. Can be found at the library. A helpful resource book if looking for a job or a new job. 2. Spend Smart Book - Creating Wealth Even With No Room in Your Budget by Bill Keenan 3. The Debt-FREE & Prosperous Living Basic Course Book by John M. Cummuta 4.  Mills Way to RICHER LIVING Book by Bruce Mills. 5.  The MILLIONAIRE Next Door Book by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. For Homeless States check out https://en.wikipedia.org/wiki/Homelessness_in_the_United_States  For Bankruptcy Stats check out https://www.cnbc.com/2019/02/11/this-is-the-real-reason-most-americans-file-for-bankruptcy.html
51:00
October 12, 2019
Teenager Driving Costs
If you have kids and they don't have a drivers license yet be sure to hold on. The costs will add up if they get a Drivers License. Be sure to check for Insurance quotes to find the lowest cost. We called nine different companies and the prices ranged a lot. There are a lot of other costs and risks along with Insurance costs. Let me know what your costs have been and experience with your teenager driver. Leave me a message below in the comments or email any comments to bruce@millsway.com.  If you would like to be on a future Podcast just let me know. Thanks for listening to Live4 at www.Live4.Club Resources for stats on Teenage Drivers go to the below for a few examples https://www.geico.com/information/safety/auto/teendriving/statistics/ https://www.usatoday.com/story/news/nation/2013/10/13/teen-drivers-license/2891701/ https://www.theatlantic.com/technology/archive/2016/01/the-decline-of-the-drivers-license/425169/ https://www.crchealth.com/find-a-treatment-center/alcohol-substance-abuse-treatment-programs/alcoholic_rehab/substance-abuse-articles/parental-liability-underage-drivers/
21:35
October 10, 2019