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“Dollars & Uncommon Sense” author Steve Repak on strategies to reduce your debt and boost your wealth.
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While we may be officially in an economic recovery many Americans sure aren't feeling it and they are still struggling financially.
But of them look no further because now you can put your money through boot camp intense form your financial situation it tells catalyst.
Certified financial planner and author of the new book dollars and I don't common sense basic training for your money Steve it's great CEO thank you had me on -- -- after twelve years in the army decided to pursue a career in personal finance why's that.
I guess people sought telling me that I didn't see and what's kind of where -- -- I left the army with 32000 dollars -- -- credit card debt.
No kidding no so what did you do about that to get your own finances in order and how are you taking that advice and helping others.
Well most people they spent everything they make they have little or nothing in savings they have credit card debt and there -- about their finances so.
Why in the heck do you want to be like most people so.
By using uncommon sense you can sit there and turn your finances can't name by uncommon sentiment titled the book but -- -- -- we -- -- Things differ from most people like says most people -- in debt so why do you wanna be like most people I'd give you prime example of -- common sense advice is that.
If you -- -- have more money out believe that you need to give the first 10% of what you make away and people look at me crazy Steve how can -- have more money by if I'm giving it away well.
Number one -- not believe if you give you receive and if you're tied into your church and that that's great but it it that's not just a church and if you're giving to.
Anything from.
Home -- the homeless people if you wanna -- think it's a soup kitchen or to the homeless.
For -- -- it's I'm out of here -- can you -- two bit -- way that you don't learn to spend less is by getting first isn't.
Comment in your experience for military folks have a tougher time managing their finances and be -- that need to shared your own personal situation being indebted.
How how is it different what are the challenges for for veterans and even people who are still serving -- We're gonna militarily if you're thinking about cereals that you have to serve your country your -- mission comes first so -- -- about you know your life is on the line each -- self personal finances that comes to be that that's second.
And so you know fetus at -- -- -- accomplished your mission got to have your finance astray because if you were about to -- back at home you just can't -- -- to your utmost ability.
-- a lot of -- time for you while you were serving other words what was the small talk like -- that help.
Bring out your interest in becoming the personal finance to manage in other people's money in it in an author and advice giver.
Honestly didn't of this does the stuff that we talked about original family -- getting back home in the and that's the things that we talked about a personal finance was last thing that -- talked about in the military you know all of these tips are great they sound great on Paper and everybody can't really argue with them but the discipline is the -- so what's your advice.
Having financial discipline.
Amid discipline you -- sit there and set priorities and and the things like when -- -- priorities -- there's a certain age you need food shelter clothing transportation and companionship and you know you should be paid for that last one.
So you can sit there and distinguish the difference between your needs.
And you wants and I love this -- don't let emotions get in the way I mean we've had an emotional.
-- -- -- stock market here for months and months -- talking with Hillary.
About this driving the volatility so how do you take the emotion out of it and use common sense and making your decisions I mean where's the line there.
But that's the thing is a commodity use an uncommon says you have the market has gone up and down -- -- if you lose money you actually feel pain so -- protection on a hot stove even automatically -- your hand away from that so the people letters and more successful they don't allow their emotions to sit there and and influence their money making decisions Steve -- -- I deadly boot camp for your finances appreciate you coming on shares wouldn't -- a -- by stores.
