Finn Financial Coaching

03/09/2022

If you would like to save on gas, groceries and restaurants, try GetUpside....I saved .32 cents per gallon on gas last night!!

Earn up to 25¢/gal cash back on gas at stations across the United States – including all the big brands -- PLUS up to 15% on groceries and up to 35% at restaurants.

02/18/2021

Trust me, if you want to make the most of your retirement savings, you need to understand the difference between a traditional 401(k) and Roth 401(k) and how it affects you.

The traditional and Roth 401(k) are both workplace retirement savings options with the ability to have a company match. The biggest difference between a traditional 401(k) and a Roth 401(k) is how the money you contribute is taxed. The Roth component of a Roth 401(k) allows you to make contributions after taxes have been taken out. That means your withdrawals at retirement are tax-free.

Here’s what that means: Let’s say you have $1 million in your nest egg when you retire. If you’ve got it in invested in a Roth 401(k), that $1 million is yours.

If $1 million is in a traditional 401(k), you’ll pay taxes on your withdrawals in retirement. If you’re in the 22% tax bracket, that would mean $220,000 of that $1 million is going to taxes. That's not okay!

You know I want you investing consistently every month - whether it’s in a Roth 401(k), a traditional 401(k) or even a Roth IRA. But if I’m choosing between a traditional 401(k) and a Roth 401(k), I’d go with the Roth 401(k) every time!

02/17/2021

Do you have the right insurance coverage? Do the 5-minute check up!

See how you stack up.

02/17/2021

The 7 Step plan to live debt free!

Start the new year out right with the peace that comes with having an actual plan for your money. Following these steps will get you out of debt so you can b...

02/17/2021

Heard the term sinking funds and don't know what that means? Here is a great article about just that....sinking funds.

A sinking fund is a strategic way to save money by setting aside a little bit each month. Create your own in these four easy steps!

02/16/2021

Paying off debt and don't know if you should use the debt snowball or highest interest.....watch this video for answers!

You CAN take control of your money! You just need the right plan. Financial Peace University is that plan! https://goo.gl/5QJnZr Want to take a deep dive int...

02/16/2021

Dave’s advice on life insurance

Here's a breakdown of why I recommend people get 10-12 times their annual income in TERM life insurance...

If the worst happens, Alex's family can take care of some immediate expenses, and then invest the remainder of the money from his life insurance policy into a mutual fund. (Always get in touch with a trusted investing professional to help with this.) They would then see an annual return on the investment that would be similar to his current income. This money would help them long term, if the worst case scenario were to happen.

If someone depends on your income, you NEED life insurance.

I only recommend term life insurance. Why? You get the same amount of coverage for a fraction of the price of a whole life policy. A term policy lasts for a set number of years (usually 20) and you pay a low rate each month for the coverage you need. At the end of the term, yes, that policy has ended, but what the critics fail to remember is that you've had 20 years of affordable coverage. In that time, you can use the money you’re saving to pay off debt, save for emergencies, and invest the difference you would have thrown away on a more expensive whole life policy. If you're working to get out of debt and following the 7 Baby Steps, you'll be covered with your investments after 20 years, and you won't need life insurance anymore. Don't throw your money away. Think for yourself and get the coverage you need, not the policy that someone making a commission wants to sell you on. For stay-at-home parents, I recommend a term policy valued between $250,000 — $400,000.

✔️ Get in touch with the only company I recommend to help you get the term life insurance coverage that's right for you: https://bit.ly/3aYrm41

02/11/2021

This is a great story. Enjoy!

Never Give Up is a documentary about The Dave Ramsey Show. A lot has happened over the past 25 years and this documentary will share how The Dave Ramsey Show...

02/11/2021

Will the stock market crash in 2021? Slow continues growth is predicted so stay the pace because slow and steady wins the race!!

We can make predictions all day long, but no one knows what’s going to happen in 2021. Here are important trends that could contribute to a stock market crash.

02/11/2021

Check out this amazing debt free journey!!

Sheena Lewis got a voicemail that did more than make her day. It gave her hope and strengthened her faith during an extremely difficult season in her life.

02/11/2021

Information about a 3rd stimulus check from Dave.

Get the update on President Joe Biden’s proposal for a third—yes, third—stimulus check.

02/11/2021

Tips from Dave on tax filing this year.

Thanks to the coronavirus, this tax season is going to look a lot different. Here’s everything you need to know to help you file your taxes with confidence.