Welcome to the NoCo Financial Freedom Journal!

After "retiring" from a regular "9 - 5" job, I realized that my true passion in retirement is to help families earn more income and become properly protected, debt-free, and financially independent.

When it comes to personal finances, debt is by far the biggest thing that keeps people up at night. But there is a solution. I became a Dave Ramsey-trained financial coach so that I can help others by showing a plan for getting out of debt, planning for the future, and having financial peace. Then, I teamed up with Primerica, and they showed me a myriad of valuable tools for helping families and even helped me with my life insurance licensing so that I can help you protect your family with some great income replacement and other legal protection strategies. I can even help you join the Primerica team where you can also help others and build some extra income of your own.

Check back soon as I build this new blog and show you ways that we can work together to build a future for you and your family that does not include debt, but includes hope and a sound financial plan.

Contact:

Email: bill.ncffj@gmail.com

Phone: (970) 439-2705

Comments

Earning Extra Income

Some of the things that we can learn from doing a financial needs analysis (FNA) are what your budget looks like, developing a budget (if you don't have one), debt amounts and monthly payments, and money coming in versus money going out to pay living expenses. If the money coming in doesn't cover all of these expenses, then there are basically two remedies: reduce expenses and/or increase income. Part-time jobs (working as a W-2 employee) and working for yourself as a "freelancer" (1099 contractor) offer some pretty good alternatives. Part-time jobs, such as working at your local store or delivering pizzas for an established company give you the simplicity of earning income as a W-2 employee where the company takes care of all the tax deductions and paperwork. There are many types of 1099 contractor "side gigs" out there to help with earning more part-time income as well. Driving services, such as Uber and Lyft, delivering food, such as Doordas...

Financial Freedom Through Smart Saving

In today's fast-paced world, achieving financial freedom has become a coveted goal for many. It's the promise of a future where you're not bound by financial constraints, where you can live life on your terms, and where unexpected expenses don't send you into a panic. While this dream may seem distant, the journey to financial freedom begins with a single step: finding ways to save money and creating a savings account. In this article, we'll explore the powerful role a savings account plays in your pursuit of financial freedom. We'll delve into the essential steps and strategies for setting up and maintaining an effective savings account, tailored to your unique financial goals. Whether you're looking to build an emergency fund, save for a major purchase, or invest for your retirement, a well-structured savings account is the cornerstone of your financial journey. Prepare to embark on a transformative financial adventure as we uncover the secrets to saving m...

When to Take Social Security

There are many opinions out there about whether to take social security when first eligible at age 62, wait until full retirement age (around age 67 for most folks), or even wait until age 70 when the social security benefit is at its maximum. So, I thought I would throw my own opinion (about how I am doing it for ME) into the mix and give my reasoning so that you can see how it applies to my particular situation. This will give you an idea of what factors I considered, and what issues you may need to consider for your own situation. Basically, the mainstream schools of thought out there are to take it as soon as possible so that you can maximize the amount of total money drawn over your expected longevity, or take it as late as possible so that you can maximize your monthly income. Then, there is the issue of how soon that income is needed. If you are married, that will also affect when you want to start taking it. Whether or not your spouse worked,...

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