Monday, December 27, 2021

Happiness Today

When you were a kid, what did you want most? What did you think would make you the happiest!

When we were children we were dependent on our parents, relatives, and friends of our parents to provide the things we wanted the most. For me, it was over 60 years ago so I do not really remember much of my early childhood. I think for the most part I was in survival mode since my parents had a lot of verbal arguments and sometimes I suffered verbal abuse from my Dad and occasionally corporal punishment. I think the thing I treasured the most was peace and tranquillity in my household. I can remember wanting a bicycle and a BB gun. I also treasured privacy in regards to my friends. For the most part, my folks did provide shelter, clothing, and food. As for transportation that was provided by using a bicycle and my 2 feet to get from point a to point b. We lived out in the country away from most everyone on a small farm. I always thought money would bring happiness. It did not. It did bring momentary pleasure but it surely did not provide real happiness.

Today money does not bring me happiness. Even receiving gifts does not proved me with happiness. Happiness for me is having peace around my immediate surroundings. For that, I am dependent on my family and community, and local environment to provide peace.

It also depends on my spending habits and the spending habits of my wife. When spending is left to the basics of my faith in God, our home, clothing, food, and transportation I am very satisfied and that brings me peace and happiness. At the age of 75, I want for little to nothing. 

For me, I think the one thing that does bring me real happiness is when I see my son of 20 making wise decisions in life. I think the ultimate happiness I have in life is bringing the wisdom of things I have learned in life to others.

Many have difficulty with their finances and have nothing but happiness. I seek to help others to have a better understanding of their finances today and their finances in the future. If you are one that has problems with their finances it would bring me great pleasure to guide you to a better financial tomorrow.

Please feel free to use the chat feature in the lower right hand corner to introduce yourself to me and allow me to help you get on the right path to your financial present and future.

Tuesday, December 21, 2021

Never Give Up

 Are you trying to get out of debt? It takes a lot of work. Many of us early in life get introduced to credit cards by our parents, schools, friends, and businesses. 

“You will never see the end if you give up in the middle.” –Joyce Meyer

Many of us make the decision to get things now rather than to save for them. This is the path I traveled for many years. I learned the hard way. Many times I had to go without because of the debt that I had created and it weighed heavy on me. I know it does for you. For some of us we spent many years building up this debt and now we have to do without to pay it off! Because it takes some time to pay off the debt we tend to accumulate more of it. Not good. When we have debt we have to pay interest. Often that interest can approach 20 to 30 and even more depending on where we create that debt. We enjoy helping folks to make a plan to get out of debt and if need by to hold your hand to encourage you with your plan. Feel free to comment on this message if you want help. All comments are private and no one that visits this blog will see them.

Monday, December 20, 2021

Banking Scams

Did you get a call from your bank? Did they tell you they were calling because someone other than you have accessed your account? Are they asking for personal information from you? Are they threatening to close your account? Are they asking you where you last used your credit card or debit card? Do not answer any of their questions? Your bank is not going to call you about your account. Never give private information to anyone who calls you regarding your bank account or any account. If you answer their questions you may discover your money has disappeared from your bank account.

Saturday, December 18, 2021


Do you seek to impress others?

At the young age of 20, I thought I had the world in my grasp. I would spend money to impress others. I purchased snappy clothing in including really different ties. Those were the days when folks dressed up in their Sunday best for church. I would order the most expensive item on the menu to try and impress others. To put it simply I did not understand the value of the money in my pocket. I used credit cards and just really set out to have fun, as long as I impressed everyone around me. Little did I know that I was not really impressing them. I was a FOOL.

Was I happy? Nope because other folks really did not care. I had a lot of friends but I was not me. I was trying to be anyone but me. Do you purchase the nicest car you can find on credit to try and impress others? Do you try to purchase clothing to impress others? Do you try to have a home that impresses others? Do you try to furnish your home to impress others?

Unless you have tons of money in the bank or a really well-paying job I can guarantee that you are going into debt to impress others. I can guarantee you that if suddenly you find that the car is going back to the bank or if the home is going back to the bank that your so-called friends will not be there to help you. They will not really care. They will care about themselves. They do not usually care that you are in debt living paycheck to paycheck.

If this describes you in any way you may need help to get out of debt and understand how to manage your paycheck so you have money left over at the end of the month. I can help you to MASTER your money and get you a VISA to a better life. 

Want to say goodbye to debt. Hit the chat button in the lower right-hand side. If we are in we will chat with you. If there is no response just send us a message.

Friday, December 17, 2021

Money to Spend

 Here is a great tip. Want money to spend for a vacation or for something special for that special someone or maybe money to spend on gifts for Christmas. Here is one way to do it. Get 50 envelopes. Number them 1 to 50. Each week you choose an envelope and you put money in it. Envelope 1 gets $1. Envelope 2 gets $2. 
Envelope 3 gets $3 and so on. You end with envelope 50 that gets $50. You do this before you put money toward anything that does not require you to pay for your home, clothing, transportation, or food. This is a good way to save up a small emergency fund too.

Todays Sponsor

Thursday, December 16, 2021

Interest is Our Enemy

 Interest Is Our Enemy!

Did you know interest can be our enemy? Did you know that if you purchase a new car every 5-7 years that you are paying enough interest that would pay for a brand new car after doing this for most of your life? Did you know that when you spend money to pay interest on debt that you are spending money that you will never be able to spend on things for yourself, your spouse, or your family? Yes, interest is our enemy.

How do you avoid paying interest? For many of us, it means that we never use credit cards. For many of us, it means we never go shopping, not even window shopping unless we are going out to purchase something specific that we need. It means we have a plan to avoid debt. It is called a budget. A budget is a living document where the amounts can be changed to fit our needs from month to month. There are two purposes of a budget. One is to show us where we are spending our money. The second one is to give us a plan each month on how we are going to spend our money. The whole purpose of our plan is to life within the amount of money that we earn each month.

Chat with us and let us help you to get out of debt. The average individual/couple can get out of debt in 2-3 years.

One of our sponsors

Bill Collection

Dr. Robert Epstein documented that Google bias may have shifted at least 6 million votes to Joe Biden. It turns out that this is not the first instance in which technology was used to rig an election. This happened in the 1876 election of Rutherford B. Hayes

Technology is all around us today. Not only in the voting booth but it is there for bill collectors too! Many times they harass you or call you at all hours of the day or night. They often try to call your work, neighbors, friends, and relatives. This is all illegal. Sometimes we have to stop answering the phone or screen our calls. Sometimes it is necessary to block their calls on our smartphones. The debt will not go away but by making arrangements or getting a person like me who is a Financial Coach you can set up a plan to get out of debt. The average person or couple can get out of debt in 2-3 years or less with our coaching.

Please hit the chat button and if we are available we will be happy to answer any questions! If we are not here please leave a short message along with the best time to call.

Wednesday, December 15, 2021

Veit (Andy) Johnson - Financial Coach

Veit (Andy) Johnson
Your Financial Coach
This is a digest about handling money

Over the years we made many financial mistakes. It is our goal to help you to avoid the mistakes we made and help you to gain financial peace and be able to do all the things you dream of doing in the future.
Our Mission: I equip people with the tools they need to take control of their finances!

Call us at (209) 814-6892. We have office hours between 9 a.m. and 3 p.m. Monday thru Saturday.
Better yet see if we are available by contacting us in our popup.

Book Mark this blog and visit it on a regular basis for FREE Information on getting out of debt.

"As you begin changing your thinking, start immediately to change your behavior. Begin to act the part of the person you would like to become. Take action on your behavior. Too many people want to feel, then take action. This never works." -John C. Maxwell

Enjoy our free articles and tell your friends about our BLOG.

We will be sharing articles and resources that will assist you in handling money and other situations in life. Please feel free to leave comments on any article. Comments that include advertising links will be deleted.

Tuesday, December 14, 2021

Life Lesson

 This is something I just learned. It took me 75 years of living and I had never heard this thought today. Never purchase anything that is on sale or full price unless you need it!

Monday, December 6, 2021

Christmas Giving

Here is a good rule for giving Christmas Presents from Rachael Cruz. It is an excellent way to save money on gift-giving. In addition, you may consider giving something of yourself at Christmas. For instance, some ideas would include dog walking, housesitting, making a collage of pictures of special times with family. Maybe doing errands for an older person that has trouble getting around or maybe taking them to their Dr's appointment. Feel free to share ideas in the comments section.

Friday, November 26, 2021

Starting a Budget

Everyone needs a budget for their day-to-day living expenses. This is the only way one will be financially successful.

Here is how one person I know does it: 

Get a Seeitbigger calendar planner from Walmart. 

Write down every paycheck on the day it comes in and the amount.

Write in every bill on the day it is due. I do this 2 months in advance.

In a 5 subject notebook date four pages per paycheck. 

On one page write a list of all bills that must come out of the paycheck. (refer to your planner calendar) and add them together. 

Include amount for groceries, one for gas. Add anything, not in those 3 categories that must be paid out of the paycheck. 

Hopefully, it is less than the paycheck. If not get a side income coming in or reduce somewhere. 

On another page divide it into 4 large boxes by drawing a large cross. 

Label box 1 as Bill's

Box 2 is groceries

Box 3 is gas

Box 4 is miscellaneous

On another page record those times that need to be spent on different insurance for car, home, pets. This would also include renters insurance if you rent a home or an apartment. 

Everything spent out of the paycheck must be written down in a box so you can see where your money is going. 

I try to pay most Bill's first. 

The other two pages work like a running check register. Look at your balance every couple of days. 

Write down what you are spending. 

It helps me to have a 3 in 1 bank account with direct deposit. 

10 % is deposited in account 1 for tithes, 

10% in account 2 for savings and the rest in debt to pay Bill's. 

If you don't know your set amount to budget for groceries or gas then get a notebook and keep a 2 monthly journal of spending to get an average. 

Remember to calculate things that come up once per year like a pet's yearly exam, property taxes, car registration, and insurance for home, health, and car.

 Another reason is to use a calendar planner and work your budget ahead as much as possible so you won't get caught off guard.

Tuesday, November 16, 2021

Paycheck to Paycheck

 Why Some People will Stay 
Living Paycheck to Paycheck
  1. They have no VISION.
  2. They ignore their DEBT.
  3. They do not have an Emergency Fund.
  4. They do not TITHE.
  5. They spend more than they earn.
  6. They INVEST more in STUFF than in themselves.
  7. They put today's happiness BEFORE their financial future.
  8. They do NOT know how to say NO.

Wednesday, November 10, 2021

Pennies grow into dollars

 Compound Interest

On A Zero Budget

Virtually every one of the richest individuals on planet Earth will verify, that the most powerful concept for the accumulation of wealth is Compound Interest HANDS DOWN!

    In fact, even with notoriously low paying websites for taking surveys or collect from free faucets, we can accumulate a sizable balance in a few short months that will keep growing and if you stick with me, I will show you (right here on this page) how I have been doing it, absolutely FREE! On this site do not gamle. You will most likely loose.


Register with (if you haven't already).It's absolutely free if you follow my instructions.

Now Logon and maximize the free rolls they give you by clicking on More and select Profile on the top menu. Click the bar that reads DISABLE LOTTERY AND INTEREST and check the box to disable lottery, but leave disable interest unchecked. This is just one of the adjustments that help me earn more.

Go back to the Top Menu and click FREE BTC and scroll down the page to click the Roll button

SUCCESS, You should see a notice that you just made money without spending a penny!

O.K. I admit, when you first start it's only fractions of a penny and most people who sign up quit before they realize there is serious money to be made here if you work your way up as a Premium Member and invest in their growth with all the free money you can find. For example, the screenshot above is probably higher than you will see for a while, because I Redeemed some of the Free Reward Points I earned to activate a couple of Bonuses on every free roll I make for the next 24 hours.

The best plan, is to use other Free BTC websites to earn Satoshi and withdraw them into this account for faster growth. To build a big snowman, you would probably start with one small snowball and keep packing more snow on it until it reaches the size you want, right?

One example of this is Satoshi Hero where in four months I earned over 120,000 Satoshi and withdrew it directly into my balance where I could use it to buy more FUN Tokens.

Actually I didn't buy them, I just deposited my Satoshi (like dollars spent on a CD at a bank) and in 90 days I get it back with Interest. Then I deposit it all back to earn Interest again on the larger compounded balance without lifting a finger.

I just got paid for all the FUN Token deposits I made this summer, so I invested them in more FUN Tokens that will pay compouded interest as shown in this chart below.

If you plan to spend extra time browsing online to find more Free Bitcoin, you should get setup with the free Cryptotab Browser. I just started using this myself, so I am not earning much yet, but it really is much faster than the stock Chrome Browser and there is no additional cost, so why not?

Since I started compounding a few short months ago, my results have blown me away and they just keep getting better. Remember, this all came from free money I earned online by clicking for pennies.

This was my balance on August 24

And this was 1 month later on September 24

I have made quite a bit on Bitcoin, but I often had to let it lie dormant for months until it went up enough to withdraw, but with FUN Tokens they only go up or down by a couple of pennies worth and all the while keep earning interest for me. As if the earnings are not enough, owning over 12,500 FUN Tokens makes me a Premium Member with more special perks (like free Wheel Of Fortune spins every day) that earn me even more and the longer I hold them the more they grow.

Here are just a few of the better rewards I won spinning.

Won 4800 RP
Won 4100 Sat
Won 4400 RP
Won 4600 Sat

Quick Start Today by registering for a free account with and click More to select Profile so you can Disable Lottery (to double the Reward Points you earn). I set the alarm on my Smartphone where I installed their App to remind me to go back every hour and punch that free roll. This runs a lot smoother once you get into it and takes very little time and no money. If you want to follow along with what I do, click my signature and sign up for my free email list.

               Benjamin Franklins "A Penny saved is a penny earned"

Monday, November 8, 2021

10 Day Debt Plan

There are many reasons people find themselves in debt; medical expenses, a job loss, lost work due to an illness or injury, and yes, reckless spending. 

Whatever the reason you’re in debt, it can feel nearly impossible to climb out. Being in debt is stressful. It can cause fights between partners and even divorce. 

And debt hampers your ability to achieve the financial goals you might have like buying a home, saving for educational expenses, starting a business, or saving for retirement. 

Top 5 Reasons People Find Themselves in Debt

Click Here for more information.

Thursday, October 28, 2021

Pay Off Debt

Step 1. Stop using credit (cut up the cards, so you are not tempted which results in more debt)

Step 2. Save up to $1000 for an emergency fund. (This works for me for things like a new tire to replace one that blew, a new battery for the car when it will not start, a replacement water heater when the old one quits, an unplanned trip to the doctor). If you look at a tire and it is getting close to being replaced this is not an emergency, you still have time to put aside money for the tire. Having an emergency fund means you do not have to pay for something with credit.1: List your debts from smallest to largest. (ignore the interest rates) 2: Make minimum payments on all except the smallest one. 3: Focus on paying off the smallest debt with every extra dollar you can get. 4: Repeat the process until each debt is paid off!

During this time you are not eating out, going to the movies or ball games, or other things that cost money. Research the internet for free things to do like going for walks/hikes. Playing board games with your significant other or the kids.

Send me an e-mail on a good time to call and chat about your situation to There is no cost for the chat. If I do not answer please leave a message. (209) 814-6892. I am often available between the hours of 8 a.m. and 2 p.m. PDT

Monday, October 25, 2021

30 Day Debt Elimination Quick Start Challange

My Friend Brand offers these YouTube videos.
He does a really great job showing you how to get out of debt.


Sunday, October 24, 2021

 “Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.”

William A. Ward

We all have different views on money. Have you listened to others that know how to manage money? Have you investigated before you invest? Do you spend your money before you earn it? Did you quit before you tried to manage your money? Are you saving for retirement? Do you give any of your money to others?

If you answered no to any of these questions you need to seek out a mentor or coach to help you with how you take care of your money.

Sunday, August 22, 2021

As of April 16th, my family and I are debt free!!!

This was shared on Facebook. Names are removed to protect the privacy of the writer.

Another Family is debt free

As of April 16th, my family and I are debt free!!! 🎉 It was just in time to welcome our third child and change our family tree forever! We sold 2 vehicles, our dream home and many, many other items. I picked up a part time job for 6 months (until Covid hit), and we stayed gazelle intense the entire 19 months and 10 days of Baby Step 2. God provided for us the entire way (and still is)! 🙌 Being on the other side of our mountain of debt feels amazing! If you’re currently on Baby Step 2, stay on course and don’t give up! Being debt free is well worth the sacrifices to get here.

Saturday, August 21, 2021

Your Credit Report

 The only thing a credit score does is to rate how well you handle debt. Those items that are commonly reported to the credit bureaus are mortgage payments, credit cards and loans. Some utility companies have begun to report monthly payments.

The only thing a credit score does is to measure how well you handle debt. It is used by banks, credit card companies and companies that have their own credit cards to determine your risk level for extending credit.

A poor credit score can affect your ability to obtain some jobs. For instance if you have a low score you may have problems in obtaining jobs in the financial world and organizations that require a security clearance. Many companies today run a credit report when you are being hired. The item they are looking for is late payments.

You do not need a credit score to get a mortgage. A mortgage company can do a manual underwriting  where you produce your financial records for them to see historically how you handle your income and spending.

If you are having financial problems we can help you get on the right track by providing you with a plan to have financial peace.

Monday, August 16, 2021

Finished BS 3


Names are not shown to protect the privacy of the writer. This was a post on Facebook.

My tired self just drove 40 miles to the bank (I live in the sticks) to deposit the last bit of cash tips to finish baby step 3.

20 months ago, I was newly divorced w $40K in debt. I worked 2-3 jobs for the last 20 months. I had mostly stayed at home while married and had no clue how i would do this, but i was determined to have financial freedom.
I have 4 kids (half time) and don't get child support.
I recently took a job at my kids school. I start in a few weeks. Its a huge pay cut from my full time bartending job but I DONT CARE cuz now I can finally be on my kids schedules. It will cover the bills. I can do side hustles when they are with their dad . . . If I choose to. I cannot imagine the concept of free time and tucking my kids in every night, but I will know it soon!

Comment: Fathers need to pay child support.

Sunday, August 15, 2021

Getting Our of Debt

A post from Facebook

Getting out of debt is hard work. Here is a message in social media that I read on how one gentleman worked toward getting out of debt. In advertising the phrase "try it you'll like it!"

It was close to $40,000 in 9 months. I didn't think it was possible. We have relatively low cost of living because we share rent and utilities with my sister. Saying no a lot. Finding things like furniture in decent condition on the side of the road and reselling on marketplace. Stimulus checks and tax return. I have a friend that I can work for occasionally where I can make good money. Also, I was lucky that I could use an insurance claim to pay off a car loan and paid cash for a used car. It was a combination of minimal spending, luck, and focus.
I wouldn't let money stay in my account. As soon as it hit my account, I would pay my debt immediately. No temptations that way.

Wednesday, March 10, 2021

Stop retirement contributions

Stop retirement contributions (until debt is gone). One thing you’ll start to see as you start eliminating your debt is that it’s SUPER easy to take “one step forward, two steps back”. I ALWAYS recommend that one who has debt stop contributing to retirement while they’re getting out of debt. This is only temporary. (1-2 years) Why? Because it’s inefficient. You can’t do two things at once here. You must do an analysis of what your debt is costing you verses what your investments are earning you. Odds are the gains are either cancelled out OR worse yet, you’re losing ground even faster than you thought. The bigger point here is that, if you want to start to win with money, you have to be willing to question and then skewer your current thought patterns and habits around money. Would you agree with that? Is what you’re doing now really working? I know this is a little challenging and it may feel like I’m poking you in the eye a little bit, but I can promise you this is a super important point. In this process, you’ll only get momentum if you can focus intently on each of these micro steps as you go through them.

Wednesday, February 24, 2021

Preparing or Reparing

 I often tell people every day you're either preparing or repairing. Hi, John Maxwell here. Welcome to Minute with Maxwell. That’s your statement of strength today.

Today, right now in your life, my life, we are either preparing or we are repairing. One [person] sets up tomorrow for success. The other [person] sets up today for failure. If we are repairing, we can't even get into tomorrow. At best, what we're doing is trying to fix today because of something we allowed yesterday. But if we're preparing, it means that we're making the best of today so that we can guarantee that tomorrow is going to be a success. I think that's essential during a crisis, because a crisis has a tendency to come in like a tornado, a hurricane, and just scatter and mess stuff up and wreck lives. And I just want you to know, don't let it happen. Take each day at a time.

Today matters. Make today count. I wrote a book on that. Don't try to take care of the next week in the crisis. It will overwhelm you. Just take care today and prepare well. Tomorrow will come. It'll get a little better.

Thanks for being with me today on Minute with Maxwell.

Never Give Up


Never give up on becoming a master of your money.

Saturday, February 20, 2021

What is Debtg Consolidation?


Kiersten Essenpreis for Money

Debt consolidation gathers debt from multiple sources and puts it in one place, which simplifies paying off what you owe. Consolidation can also allow you to reduce the interest rate or total amount of your debt.

Most of us manage many forms of debt simultaneously, keeping track of due dates and balancing interest rates to avoid late fees or a bruised credit score. But one lump sum means one lender, one due date, one interest rate, and one set of login credentials. It can be a strategic personal finance move in the long run — as long as it’s done right.

Before consolidating your debts talk to us. Debt consolidation is usually not a good idea and creates more problems in the long run.

Schedule a free consultation appointment today. Our goal is for you to learn to master your money! 

Click Here To schedule a free online appointment.

Benefits of Budgeting

According to Spendmenot statistics, only 32% of US families maintain a household budget. So why should you join this number? A budget is a financial plan that helps you allocate funds to different categories of your life. You get to decide how much you spend, save or invest based on your take-home income. Your take-home income is the amount left after the payment of taxes and medical insurance.

Budgeting allows you to:

  • Highlight horrible spending habits.

  • Prepare for emergencies.

  • Spend what you can afford.

  • Stay focused on your personal finance goals.

Earn extra money for your budget:

Tuesday, February 16, 2021

Financial Tip


Did you know that the majority of the population would be able to save much more money every month than they think? When you think about all the non-essential things you buy, it’s pretty easy to believe! According to the long-proven 50/30/20 rule, you should set aside:

  • 50% of your budget for essential expenses such as housing and food;
  • 30%—maximum!—for non-essential spending;
  • At least 20% of your income should be put into savings.

When you think about it, it’s a pretty logical way to manage your finances. Unfortunately, too few people take the time to make a detailed budget and think about it.

Here are some facts from 2018 about how Americans’ money relates to the LivingFacts website:

  • 12% of Americans said they could not cover a potential $400 expense. 61% said they could afford the $400 in cash or equivalent, while 27% of Americans said they would have to borrow the $400, or sell assets, if the opportunity arose;
  • 36% of Americans say their retirement savings are on track. 44% say they are having problems, and the remaining 20% are unsure about the state of their savings;
  • 64% of Americans owned a home, while 27% rented one, and 9% had other arrangements;
  • The average annual salary of an American can be divided into three different types of expenses: 33% for housing, 16% for transportation, and 13% for food;
  • Only 47% of Americans with a credit card say they have been able to pay their bill in full every month for the past year. 26% say they have had a balance on their card a few times, while 27% have a balance most of the time;
  • 82% of married people say they are doing well financially, compared to 66% of single people. 78% of married people with children under 18 are doing well, compared with 52% of single people with children.

Business Insider even goes so far as to say that many Americans plan to work until they die and not retire because their finances are so precarious. More precisely, 37% of Americans think they will have to work until they die, while 34% of them plan to be able to retire around the age of 80.

It is therefore quite clear that the financial health of American society in general is more precarious than one might think, especially considering that even people who manage to save do not in fact save enough.

With our best saving tips article, though, you will be able to get to your goal quickly and, who knows, maybe you’ll have a little more leeway for your non-essential spending in addition to planning your retirement properly!

Sunday, January 31, 2021

Good Value or Poor Value

 My family often goes shopping for different products including clothing, food and small appliances.

When is something a good value and when is it a poor value. My wife often likes to purchase things she thinks she will need in the future. Many times we use the item but as time goes on some of the things that are purchased are never used. End result, the items she has purchased that are never used are a poor value. Just because something is on sale it is not a bargain if you do not use it. It becomes a waste of hard earned money. Before you purchase something that is on sale be sure that you really need it. I can look in my garage and a spare room that we have in our home. There are many things that we have collected over the years that we do not need and the items were used very few times. My suggestion is when you are thinking about purchasing something make a list of the reasons why you need the item. Then make a list of reasons not to purchase the item. The reasons you put on either list is anything that comes to mind. Go hog wild with your reasons. When you get done count the number of reasons on each list. I give everything on the list to purchase 1 point. Every reason on the list to not purchase an item gets 2 points. If the list not to purchase has more points then we do not purchase the item. Another method is to wait for a day and see if you still need the item. If you still think you need the item, wait 2 more days. On the 3rd day if you still need the item the wait 3 more days. If you can say you still need the item then go ahead and purchase it. One caveat, be sure that you do not use credit to purchase the item. Only use cash. This way you do not incur debt. Our plan to control our money is to avoid debt

Tuesday, January 26, 2021

My Story

I'm Veit Johnson
My friends call me Andy

Our Family Motto
Life is Fun
Life is Exciting
Life is an Adventure
Schedule a Free Consultation Appointment
We will discuss your finances and how to manage them.

I started life out 74 years ago in 1946 and I was debt free. As a child my Dad and Mom taught me different things that I would need in life regarding how to take care of my self and face the world in the future.
As a youth I learned a lot of things about money. I learned that I could spend it, save it and give it to others. I have not been able to figure out what else I can do with it. During my teen years I learned to work for money and I did not get all that much per hour since the minimum wage in the 1960's was just $1.00 per hour. I worked at mowing lawns, milking and feeding goats, and delivering newspapers. I was able to save enough money and purchase my own car when I was 16. It was a great car, a 1955 Oldsmobile Hardtop with a Rocket 88 engine. Wow! Had great fun with it. I even had a Chevron Oil credit card for gas. I worked most weekends to earn money to pay for gas and repairs. Did not really understand the implication of having a credit card. Since I was earning money during high school my Dad introduced me to the stock market. He taught me how to invest in stocks.
At the age of 17 I was unable to find jobs out in the world since most places wanted someone who was 18. As a result I join the U.S. Navy and became a corpsman. I spent a short time being stationed in San Diego and at Lemoore Naval Air Station before proceeding to San Francisco to be on a Hospital Ship bound for South Viet Nam. From their I was on troop carriers ferrying troops from the U.S. and South Korea to South Viet Nam.
During my time in the navy I found I was not in the need of much money. As a result I put most of it in a mutual fund that grew nicely for my 3 years, 2 months and 23 days of active duty.
Upon getting out of the Navy I started working for Pacific Telephone and Telegraph, first in a central office and then as a telephone installer/repairman. During that time I was able to share an apartment with two friends where we split the rent and food three ways. I needed transportation other than the bus so I was able to purchase a motor scooter for cash with my savings from the money I saved while I was in the navy. Later I moved in with two other friends renting a three bedroom home. Also during this time I was able to get a credit card with a local clothing store and started wearing a lot of spiffy clothes. Now I had to pay on a credit card each month and because I did not pay it off I had to pay interest on the outstanding balance. I was giving away money because of interest. I was also eating out a lot so there was little to no money left from my paycheck each week. I was living paycheck to paycheck. 
After a period of about 5 years it was now 1972 and I had a few small pay raises and since my room mates had married I was now on my own renting different apartments. Room mates were no longer working out and I was still eating out much of the time. Now I was paying full rent, and also now had a car payment along with the payments for my gas and clothing which was getting larger each month. I had no money left over. Since I was single I was also trying to support dating which was usually centered around church activities, concerts and plays along with a few movies here and there. 
About 1967 or so I was talked into purchasing a home. I bought a 3 bedroom home in Fremont, California where I was paying $333 a month for house payments on a home that I purchased using a VA loan with nothing down. This was about 30% of my income. I had stared saving about $100 a month in a 401k. Since I was still spending money on the high life with a new car (cost $3001) in 1971I was making a car payment of $83 a month. My life from about 1970 until 2005 was spent every month making car payments. I hate to think of how much I spend on interest. During that time I purchased 4 used cars and 4 new cars. I was still living paycheck to paycheck and often I was borrowing money from different companies at high interest. I even took money out of my 401k to make ends meet.
In 1993 I met my wife and we got married. By selling my home and her condo we had a lavish wedding and put a nice amount of money down on a new home for about $250.000. We were still living paycheck to paycheck and the only item being saved was my 401k. My wife was a spender and I was still one too. We were taking great vacations to local areas in California, Oregon, Washington, Idaho, Nevada, Hawaii, Utah, Missouri, England, Scotland, Switzerland, Spain and Wales all with the help of credit cards and more credit cards. During this time we upgraded to a nicer home for about $500,000. With the sale of our first home in 1997 we were about to put down 20%. We were also able to pay off all of our debts with nothing left over. About 2 years after upgrading to a nicer home that was about 50% Our income we both lost our good paying jobs. Now we were depending on the money in our 401k's. We were able to find some temporary jobs here and there which allowed us to maintain a lavish lifestyle. We were slowly accumulating more and more debt. (This met we were giving away a lot of our money to interest. Interest is money that we would never be able to spend on the things we needed or wanted.) Our payments were about $1500 a month.

September 11, 2001 happened and our investments that were paying our house payment and paying for part of our lifestyle suddenly disappeared. We were drawing from our nest egg now faster than it was growing and it was quickly dwindling to nothing. We had to do something quickly. In 2003 we sold our very nice 4 bedroom home with spacious closets and 3 car garage and moved into another not so nice new home in Tracy, Ca. We were able to put down 20% and pay off our debt. We were debt free except for the monthly payment on the mortgage. 

Did we learn our lesson? No!!! We were still using the credit cards and financing vacations. Suddenly we found that we were $60,000 in debt. What do we do? We trotted down to the local bank and signed up for a variable interest loan to pay off our debt. Again we were debt free. Guess what? We still were using the credit cards and went into debt again of about $60,000. We could not see the surface. We filed bankruptcy. We stopped using credit cards since all of our accounts were closed by the bankruptcy court. We were now operating on a cash basis. We were managing but just barely.

In 2010 I had a stroke. I recovered quickly and was cleared to work by my doctor and a Neurologist. Problem was since I was working as a truck driver the Department of Transportation said I could not work for a year as a driver. I was not successful in finding other work and we had no money to live on and no income. I was able to start drawing social security of about $3200 a month since I had a dependent child and my wife declared she was a stay at home Mom. Since our income was not enough my wife during this time took out student loans for us to live on to the tune of $60,000. In addition I was able to find a temporary job a year later as a truck driver that brought in about $15,000 a year. During the last year my son turned 18 (no more ssi). My wife applied for SSI and is getting about $2,400 a month along with my 2,000 a month. In addition I work as a truck driver earning $5,000 a month or a bit more. For the last 2 years we have been at $100,000 a year. Our debt at this time is $60,000 in student loans, $60,000 second mortgage, $40,000 interest free car loan and an $8,000 lien on our home from a lawsuit that we had to try and recover our retirement investments because of poor management on the part of our investment advisor who provided us with investments that did not meet our needs.

In September of 2019 I discovered Dave Ramsey and his plan to get out of debt and become wealthy. My wife has not been willing to get on board. As a result we are not following the plan laid out by Dave Ramsey.  Instead because of my age and the need to build a nest egg we are investing in a ROTH and building a emergency fund. (I do not recommend this to my clients). This makes the road to being debt free very much longer. I decided that I wanted to help others to avoid my financial mistakes and decided to become a financial coach. My wife and I now have a spending plan and discuss all of our spending. Although I have tried to get her to follow a spending plan I have been unsuccessful. I have started writing down everything we spend and show it to her so we can develop a full budget. I can say this, no one is ever too old to start. One never knows how long they will live. In my family many folks live into their 90's. At 74 I could still live another 20+ years.


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Monday, January 25, 2021

Roth IRA

Roths differ from traditional retirement accounts in how they’re taxed. A traditional 401(k) or IRA allows investors to make tax-free contributions, deferring the taxes until the money is withdrawn. Roth IRAs are the opposite in that investors pay income taxes on the money as it goes in, not when it comes out. The benefits of Roth IRAs include that you can make early withdrawals from contributions without a penalty.