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Are welcome back here's a segment everyone can relate to us physically dealing with credit card debt out there it's kind of certainly I was after college one military veterans is the best way to -- out debt is to bank on a military mindset to get a hold of your finances.
And he is training to help people reach financial stability he joins us now to share more military better and and certified financial planner is Steve -- -- thanks for being with us he's also the author of dollars an uncommon sense here's the book you see there on your screen.
Basic training for your money says -- take us through your financial boot camp.
What are we need to do.
You know the first thing yet to do is change the way you think about money and we need to take charge of it -- know about that the definition of leadership is the process of influencing others to accomplish their goals by providing purpose direction and motivation.
Good leaders seek responsibility and take responsibility for their actions and if you want to accomplish your money goals.
You have to take responsibility for your saving and spending decisions and and know what's gonna start taking charge of their money better than you.
-- Catholic president after -- Steve you know I was you know no money after college and I was I think you're paying for Chinese food on a credit card and finally you just have to be.
Honest with yourself.
That all right I've got I've got some dead here and I got to clean this up and that's really one of the -- next step here is he got to be honest and you've got to look yourself in the mirror right.
Yet you know I left the army -- 32000 dollars with a credit card debt and the whole time you know I thought it was normal.
To have dead Alice tell myself I know I didn't have a problem but once I was honest with myself clinics that accepted that hey I had a spending problem.
Once I did that then I was on I took the first step bond not to -- get out of credit card debt said -- what did you do next.
You know you the first thing you have to do is yet to assess your situation you know what -- we -- hot you know what Jamaican but how much money.
Are you spending and what you can identify why -- wasteful spending you can cut it out.
But you know if you want to get a credit card debt the first thing you do is kind of credit cards and I I make -- joke that you pull -- to -- -- a ball.
You take -- credit cards put an apple fill up with -- water stick it in the freezer if you attempted to use those credit cards is going to be a while before you're caught our courts fallout.
Have to you have to sacrifice exit if you talk about some of the things he's in these tough areas that you're at wasteful spending major bind at five dollar lot today.
On a regular basis or your smoking you know spent what ten dollars a pack of cigarettes they listen areas you need to look -- your life and say you know what I need to sacrifice.
It definitely you know our service men and women in the family make sacrifices each and every day to -- that to keep our country free.
And -- a -- you know you're not -- -- required to make those -- to sacrifices but just take those little sacrifices the lock the every day.
-- 300 television channels find certain.
Areas in your finances that you can either eliminate or at least reduce Steve it's easier -- I've been done a lot of people out there they wanna save they want to get out of debt what is it for you that just made that light bulb go off.
You know I had to change.
-- way that I thought about money and you know life isn't fair life is hard.
You know bad things happen to good people but you have to use those times to motivate you to to make different decisions about your money and -- it is not an easy thing to do but if you continue to make excuses.
Nothing's ever gonna chase for you so the first thing you need -- start change the way you think about money and they -- need to start taking the necessary steps to to have picture financial problem.
It's what you lay it all out on paper and you begin to see where your wasting money in the things you need to start sacrifice you have a plan that you actually put together to help people get back on the right path you call your 101080 -- take us through.
Now once we've done all that how we can get on the right path.
Those 10108 year old yelled this is how most people think they spent everything they may they save what's left over and they give only went possible.
While most people have issues with their money so what I wanted to -- I wanna do the opposite of what everybody else is doing and that's why I came out with a ten Canadian girl -- do you give away the first 10% of what you make.
You say the next 10% and you live off the rest.
And people person to say estate I can afford to give their percent and I tell that you you can't afford not to.
When you give I believe you receive an -- have an agenda I don't care where you give your money to.
If you if you're content church's great if you wanna give -- -- -- percent -- the would have wars project I think that's awesome but the to have money you need to give and the people that I know that are very -- at their money they always give and it doesn't make common sense of uncommon sense but it teaches you how to rethink the way you think about money and you have to give -- 10%.
Great advice Steve retract the author of this great -- dollars and and common sense basic training for your money thanks for waking up early with us on military time -- get a before.
He has got -- -- -- thanks David thank you for your serve us.
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