Top 10 Money Mistakes

Top 10 Money Mistakes You Might Be Making

Top 10 Money Mistakes You Might Be Making 1.) Paying Medical Bills with Your Credit Card. Why it’s a mistake: Medicals bills have zero percent interest and providers are typically willing to accept partial payments over time. Once you pay that doctor’s visit or hospital bill with a credit card, you’ll be hit with interest fees unless you pay your …

finish your financial resolutions, jon acuff, christine luken, money is emotional

Finish Your Financial Resolutions

Is 2018 the year you finish your financial resolutions? Jon Acuff’s book, Finish: Give Yourself the Gift of Done has some surprising principles that will vastly increase your success. I talk about three of them in this video: The Day After Perfect, Cut Your Goal in Half, and Make it Fun if You Want it Done. 3 Ways to Finish Your …

How Much Should I Pay Myself in My Business, Christine Luken, Financial Lifeguard

How Much Should I Pay Myself in My Business?

“How much should I pay myself in my business?” This question always comes up when I’m coaching a self-employed business owner. The short answer is: “It depends!” Yes, it would be nice if I could just give a cookie cutter answer like, “Pay yourself 60% of your profits, invest 10% back into your business, and save 30% for your estimated tax …

sustainable financial success, chris salem

Sustainable Financial Success (Podcast)

Sustainable financial success is only possible when you master your money mindset!   In this guest appearance on Chris Salem’s radio show Sustainable Success, we discussed the importance of Mindful Money Management for Sustainable Success in your life and your business. Listen to the replay HERE. Episode Description: We already know what it takes to become financially healthy: spend less than we …

mindful spending, Christine Luken, financial lifeguard

Mindful Spending Curbs Retail Therapy

Can mindful spending really curb retail therapy? It happens to the best of us. We’re at the outlet mall with our mom, sister, or best friend, and the deals are amazing! Next thing we know, our cars are packed with bags and our wallets are nearly empty. For those of us who enjoy the sport of shopping, it can be …

Expensive Divorce Mistakes to Avoid, Christine Luken, Financial Lifeguard

Expensive Divorce Mistakes to Avoid

Expensive Divorce Mistakes to Avoid Our hearts can hijack our common sense when it comes to personal finances. If you’re currently in the midst of a separation or divorce, you’re at an increased risk for making emotional money mistakes. Even splitting from a long term partner is extremely stressful, especially when you’re living together and financially entangled. I’ll talk about …

Financial Rock Bottom, Christine Luken, Financial Lifeguard

Bouncing Back From Financial Rock Bottom

  Bouncing back from financial rock bottom isn’t easy and I know it from personal experience! In this podcast episode of Your Money, Your Wealth with Joe Anderson, CFP and Big Al Clopine, CPA, I tell others how they can rescue themselves from financial rock bottom! (My portion of the show starts at the 11 minute mark.)   CLICK HERE TO LISTEN! …

how many savings accounts, financial lifeguard, christine luken

How Many Savings Accounts Should I Have?

How many savings accounts should I have? It’s a question I get asked quite frequently. Some money gurus advocate for just one account and others say you should an account for each and every savings goal. I fall somewhere in the middle of these extremes. Here’s my short answer: you should have at least 2, and if you’re self-employed you …

couples and money, opposites attract, christine luken, financial lifeguard

Couples and Money: When Opposites Attract

Couples and Money: When Opposites Attract In love and money, we have a tendency to be attracted to someone who is our polar opposite. While this can be exciting, it also has the potential to be stressful. When your significant other wants to handle the joint finances differently, that’s when the money fights start! Is there a way to compromise …