Goooood morning friends!
Got another book to pass around to ya if you’re in the mood for some good financial reading?! :) This one comes from long-time reader, and financial planner, Bill Hines, who’s always kind enough to give us free copies of his books as they come out.
This latest one is an update to his original work by the same name, only pumped up a bit more and co-authored by a financial counselor friend of his, Grady Moshay.
It’s called “Plan Your Money Path: A Guide to Create Your Own Financial Plan,” and we’ve got 3 copies to give away today!
Here are the core concepts of it that AI gave to me which I really liked – straight to the point ;)
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Mathematical Confidence: Focuses on replacing vague financial goals with definitive data, giving you actionable paths to fund your future.
Practical Tooling: Guides readers in utilizing robust, inexpensive financial software instead of simplistic online “dumbed-down” tools.
Real-World Application: Takes you through the exact inputs, assumptions, and steps needed to model a successful financial strategy
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That “robust, inexpensive financial software” it mentions? Pralana Online. I’ve never heard of it before (have you?) but Bill loves it! I’d be curious to hear your thoughts if you ever check it out…
Another financial tool I’ve recently been told about is ProjectionLab. Mad Fientist just did another blog post around it and says it’s the most powerful financial planning tool he’s ever seen! I don’t really use any software these days personally, but I’ll admit I am tempted!
At any rate, if you’re interested in a free copy of this book, tell us what *stage* of your finances you’re currently in and you’ll be entered to win :)
Are you in the beginning, data-collecting portion? The middle, cranking away – head down – and just getting the job done state? Or perhaps your towards the end of your accruing journey and now just dotting all your i’s and crossing all your t’s?
Or maybe this is the first time you’ve ever landed on a money blog before and you’ve got no idea what the hell is going on??! Haha… I remember that part well… It was scary for a little bit, and then all of a sudden super exciting once things started clicking!! Which it eventually does, so you’ll be great!
In either case, drop your answers in the comments below, or via email if you’re reading this in our newsletter, and you’ll be entered to win. We’ll randomly pick the winners at the end of the weekend – good luck!
And big thanks to Bill for always keeping us in mind and sharing the wealth. I hope the new edition flies off the shelves, buddy!!
Your friend, whose currently in his sabbatical phase of the journey,
(I’m close enough to the end where I don’t have to worry about money as much, but too tired/lazy/unconcerned enough to wrap it all up, lol… The “details” part of the planning process is the worst!! I’ll let Future J. Money deal with that whenever it’s needed 😁)
*** GIVEAWAY OVER ***
Congrats to Don T., Heidi L., and Erika S. for winning free copies! Look for an email soon!
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I’m still working on having enough for retirement at age 61. I keep a diversified portfolio that even includes Bitcoin which I purchase small amounts (about the cost of a latte) weekly.
My goal is to retire at 70 yet still be productive with side hustles that keep me busy and connected.
I like that Bitcoin strategy! I tend to go all in – and then all out – too fast and early and always kick myself for it haha… Been Bitcoin free for about 3-4 years now but wish I was in it to some degree.
I’m approaching the end of the accumulation phase and need to do some serious planning for the impending transition to the decumulation phase and living life to its fullest. I had a strong case of imposter syndrome when I shared my ~$1M net worth with your readers, but it has since grown to ~$5.5M. Now, I’m fighting the urge to maximize my retirement benefits as I approach qualifying for early retirement in a little over a year. The only constant throughout this FIRE journey has been always learning along the way.
Killing it!! And if you think about it – even if you don’t figure out how to maximize it or make any dumb mistakes, you’ve got plenty of wiggle room in there to allow for such things :) So you’ll be fine! Congrats!!
I’m in the middle of collecting data and begging to crank away. It’s been rough this past year.
Good job sitting down and accounting for it all tho!! It’s all phases and the rough ones will morph into fantastic ones and then later the rough ones won’t be as rough, at least financially, once you get the ball rolling :) rooting for you!
I’m towards the end…. I’m still saving diligently in my etfs and waiting till the numbers tell me that I’m good to retire.
Do you have a “number” in mind or just going to see when it feels right?
Long time reader, I’m in my retirement stage, but would love to have this book to share with my sons.
Rock on – you’re now entered! Thx for reading all these years :)
Middle for me. Head down and knocking out the mortgages (2 rentals, current home, and another we are remodeling and will move to once done) while also chunking some away for retirement.
Damn! you are busy!! always admire those of y’all who do the real estate thing… it’s not in my blood but wish it was :)
I’m in retirement, 3 years in. Looking to verify my previous purpose concepts, and financial planning calculations. I like reading various authors ideas and suggestions for a purposeful retirement, supported by good financials.
well you’re in the right spot then, sir!
got you entered for it 👊
What’s up J Money! Hope all is well. My wife and I are about to retire at the age of 57. Thanks to all of our hard work and continuous focus on our finances, we will be debt free. You have definitely been a part of our journey. Now we are focusing on how to ensure our savings will get us through the next 30+ years. Cheers
Amen to that! Hope this next chapter is just as exciting and way less stressful!! :)
We are still working…we think we have enough money to quit, but are uncertain of drawdown strategies.
When you figure it out, please let me know 😂
My husband and I are in the phase of watching in astonishment as compounding does its job (really well!). We are fast approaching the “let’s enjoy the fruits of our labors” phase. We’re still reading and learning as much as we can about how to transition from saving to spending. Cheers to the blessings of learning and implementing successful strategies that allow us to move from careers to fun ways to spend our time (and sometimes make a little money, too).
Gotta love it!! I’m sure by now your earnings have well surpassed what you actually *put in* over the years – making it even crazier!! :)
we are getting close! if all goes well, we have about 3 years left and we can retire at 40! would love for things to go better-than-well and pull the trigger sooner though – i’m ready!!!
Awesome!! that would be a helluva accomplishment 👊
Still in the middle of the work grind. I’ve been following your blog since the beginning. I liked your net worth updates. I’m sitting at 2.4 million net worth. Hoping for 3 to 4 million with a mostly paid off home.
Nicely done wow!! I miss doing those updates too – they were fun, especially in the beginning when you’re trying to figure it all out :) Now it’s basically just letting time do its thing!
Got laid off, and looking to retire soon. I have not done any future financial planning. I want to say I didn’t have time, but it’s more like I was in over my head.
So, I have time now to come up with a good plan.
Yes – a fantastic use of your new time! It’ll probably be worth playing around with some online calculators too just to get a better sense of what you’re working with 👍
We’re a couple years out from retirement and in that fussy detail stage. It’s so hard to switch gears from the ‘set it and forget it’ strategy to the ‘well actually now we need to really look at it’ phase!
Haha yup!! It is the worst!! 😂
At around 50, would like to retire in the next 15 years. Hopefully, I can get this book to take a crack at my financial picture.
Thanks!
You’re welcome! You’re now entered for it! :)
Hey J. Money!
Thanks for the book giveaway.
I got a late start to real estate investing, so I’m still head down, grinding and building a portfolio of rentals. I love it though!!
Good job!! Sounds like you’ve figured out a good system for it :) I admire that!
*** GIVEAWAY OVER ***
Congrats to our winners!
– Don T.
– Heidi L.
– Erika S.
Look for an email from me soon!