Today we welcome to the show Steve Stewart from stevestewart.me
Steve is your humble servant and your personal finance architect and believe me when I tell you that he hates your debt more than you do.
He hosts the iTunes top-rated weekly podcast MoneyplanSOS as well as the financial wellness podcast.
Steve knows first-hand what debt can do to your life and your career and he has made it his mission to help you pay attention and not interest.
Recently, Steve has started coaching want-a-preneurs how to become successful solopreneurs by focusing on helping them understand and avoid one of the top reasons new businesses fail: A lack of cash flow.
As a part of this focus, Steve is helping budding entrepreneurs plan out their financial cash flow runway so they can Go Pro with confidence.
Let’s welcome Steve to the BRAND New You show.
Steve got started in financial coaching after listening to Dave Ramsey. Initially, Steve was hesitant to get on board, in fact, he challenged everything Dave said.
Steve eventually came to realize the wisdom behind the words and learned the truth for himself. He decided to follow Dave’s advice and eventually eliminated 15K in consumer debt he had racked up by being normal.
From this point on Steve has made it his mission to spread the word far and wide about the pitfalls of being normal and the importance of becoming debt free. More than anything, he wants you to start paying attention and not interest.
Steve and I discuss how debt limits your career choices. In fact, Steve says that you can be trapped in your career because of debt. Consider the expenses required to switch jobs or start a business. Both would be a lot easier to handle with no debt.
Other topics Steve and cover include:
- The differences between debit and credit cards
- Why employers review your credit history
- What is a FICO score
- Steve’s opinion of the perfect FICO score
- Steve and I also discuss the importance of having an emergency fund. Not just from a financial standpoint which is easy to comprehend, but from a mental standpoint as well.
Just this past week I wrote about my personal battle with debt, how I handled the mental aspect of carrying a large debt load and how I was able to get out of debt.
We also cover how important being debt free is, to starting a small side business of your own.
STARTING A BUSINESS
Because he’s been there himself, Steve has recently started helping want-a-preneurs become solopreneurs with financial coaching.
We cover the common pitfalls people face as they got solo including:
- Not having an Emergency Fund
- Required insurances
- Separating business accounts
- Start up expenses (maintenance, computers, email, software, etc.)
VIRTUAL BUDGET COURSE
To help you get started quickly, Steve has developed a virtual budget course. The course consists of 6 core videos with at least 2 bonus videos and other surprises Steve adds along the way.
Unlike other courses you may take, Steve’s course walks you through a process. This process causes you to communicate with your spouse and prioritize your spending. Steve guarantees you will learn a lot about yourself during this process.
Below are the best ways for you to get in touch with Steve to learn more about his course and how debt impacts your career.
Course: Virtual Budget
Steve’s final thoughts, words of wisdom or tips you would like to pass on to the listeners?
“Take all of the extra dollars you have and point them at a specific goal, whatever that goal may be. You are in control”.