Managing money can feel overwhelming, especially as the holiday season approaches, with its tempting sales and the pressure to buy gifts. But if there’s one person who knows how to help you navigate these challenges and build a financially stable future, it's Chris Hogan. A financial expert with over 15 years of experience working with Dave Ramsey, Chris has spent countless hours helping individuals and families achieve their financial goals.
In this blog post, we’ll dive into Chris Hogan’s essential money tips, especially for those wanting to break free from debt, make better financial choices, and experience lasting financial freedom.
1. Money Is a Tool, Not a Master
Chris Hogan often reminds us that money is simply a tool. If you don’t learn how to handle it, money will begin to handle you. One of the most common financial mistakes is living paycheck to paycheck, making emotional financial decisions, or falling prey to marketing that encourages impulse buying.
Tip: If you’re tired of money controlling your life, start by understanding that it’s your responsibility to manage it, not the other way around. Learn the basics of budgeting, saving, and investing, and stop letting money dictate your behavior.
2. Believe You Can Get Better with Money
One of the most powerful pieces of advice Chris gives is to believe that you can get better with money. Many people get discouraged when they make financial mistakes, but instead of giving up, it’s crucial to keep learning and growing.
Tip: Change the narrative in your mind. Instead of saying “I’m not good with money,” say, “I haven't learned everything I need to know yet, but I’m committed to improving.” Surround yourself with financial mentors or coaches who can guide you on your journey.
3. Avoid Debt Like the Plague
Debt is a major financial burden, and Chris encourages everyone to stay clear of it. Debt robs you of your future, and the interest payments can feel like a financial trap. Credit card debt, for example, may seem manageable at first with low or zero interest rates, but these deals often come with fine print that kicks in hefty interest rates after a period of time.
Tip: If you have credit card debt, take a close look at your statements. Calculate the true cost of what you're paying over time, including the interest, and start developing a plan to eliminate this debt. Make it your goal to live debt-freeand avoid accumulating new debt.
4. Break the Holiday Spending Cycle
The holiday season can be especially tough on your finances, with the pressure to buy gifts for everyone and keep up with social expectations. Chris Hogan advises against overspending, and he encourages families to be intentional with their holiday budgets. Instead of trying to buy lavish gifts, focus on thoughtful presents and experiences that don’t require overspending.
Bonus Tip: Start saving for the holidays months in advance, so you're not scrambling at the last minute. Create a holiday budget and stick to it. If you can't afford to buy gifts for everyone, get creative! Offer non-financial gifts like babysitting, yard work, or a homemade meal to show your love and appreciation.
5. Shop with Cash, Not Cards
Credit cards can make spending feel less tangible, and Chris recommends breaking this habit by going back to cash. When you shop with cash, you're more mindful of your spending. Plus, it helps you avoid racking up debt during the holiday season or any time of the year.
Bonus Tip: Shop with cash, or at least use a debit card that pulls directly from your checking account. This will force you to stay within your budget. Also, when you’re out shopping, leave your credit cards at home to avoid the temptation to swipe.
6. Stop Playing the “Fake Rich” Game
Many people feel the pressure to look wealthy instead of focusing on building true wealth. This often leads to overspending on cars, clothes, and other material goods that you can't afford. Chris emphasizes the importance of understanding that you’re not defined by what you own—you're defined by who you are and the legacy you're building.
Tip: Take a close look at your lifestyle and ask yourself whether you’re spending money to impress others or if you’re making decisions that align with your long-term financial goals. Choose financial freedom over temporary satisfaction.
7. Giving Doesn’t Have to Be Tied to Money
One of the biggest myths around the holidays is that giving is all about money. But Chris reminds us that the best gifts often don’t come with a price tag. Simple acts of kindness, like offering your time, skills, or a heartfelt note, can mean just as much, if not more, than an expensive gift.
Bonus Tip: This holiday season, challenge yourself to give non-monetary gifts. Whether it’s offering free babysitting, cooking a meal for someone, or simply writing a heartfelt letter, the thoughtfulness behind your gift will make a lasting impact.
Conclusion: Commit to Financial Growth
Chris Hogan’s wisdom is clear: it’s not about how much money you make, but about how well you manage and use it. Whether you’re trying to get out of debt, save for the future, or simply improve your financial habits, remember that every step forward is progress. Start small, stay focused, and keep learning. By taking control of your money and using it wisely, you’ll be on the path to financial freedom.
Remember, it's not about being perfect—it's about being focused and not finished. You can improve, and the future is always an opportunity for growth.
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Personalized Guidance: We understand that everyone's financial situation is unique. That's why our coaching adapts to your specific circumstances, ensuring that you receive customized advice and strategies tailored to your needs.
Inclusive and Respectful Environment: No matter your background, financial history, or current situation, you are welcomed here. We're committed to creating an inclusive and respectful space where everyone feels valued and supported.
Results-Oriented Approach: We're not just here to provide advice; we're here to help you achieve tangible results. Our coaching focuses on actionable strategies that lead to lasting change, empowering you to take control of your financial future.
Empowerment at the Core: We believe in empowering you with the knowledge and tools you need to make informed decisions and achieve financial success. Our coaching equips you with the skills and confidence to navigate any financial challenge that comes your way.
So whether you're looking to get out of debt, save for a major purchase, or plan for retirement, "Bartelle’s Money Talk" and Bartelle's Financial Coaching are here to support you every step of the way.
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Thank you for considering "Bartelle’s Money Talk" and Bartelle's Financial Coaching. I look forward to hearing from you soon.
Warm regards,
Johnny and Theresa Bartelle
Founders of Bartelle’s Financial Coaching
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