Winning with Money Mike Fetterman, Financial Coach

In this episode, Mike shares with you some key things to consider when hiring a financial advisor. He’ll break this down into three areas. 1. Why would you need an advisor? 2. He’ll explore some of the popular types of advisors and their credentials that give them the skill-sets and knowledge that could help you. 3. He’ll also share some key questions to ask an advisor should you be on the market for one. Whether you are a do-it-yourselfer with your finances, or you are co...

In this episode, Mike shares with you how to make a financial plan, the steps to develop a plan, key areas of a plan and some tips for keeping it current and relevant. He also adds a worksheet that you can download of the key components of a viable personal financial plan. Your personal financial plan is a comprehensive statement of an individual or couple’s objectives for security and well-being. It has a detailed savings and investing strategy that includes your net worth, cash flow, e...

In this episode, Mike talks about getting beyond financial stress to financial fitness. He shares some tough facts about how American households are entering a debt trap. We all have experienced financial stress and it can have a negative impact on our lives. There is a way out and it’s by taking actions towards financial fitness. He highlights seven ways to get back on track and reduce the stress. These are things you might already know. Here they are: 1. Living below your means and un...

In this episode, Mike talks about the basics of budgeting, what it is, the purpose of budgeting and how to create one for your use. He provides tips on how you can get started on your budget to get control of your finances. Budgeting helps you to see what’s coming in – income; and what’s going out – spending. He provides examples of ways to set up your budget. He also emphasizes that a budget is a tool if used regularly, can pinpoint ways to help you save for goals, get out of debt, est...

In this episode, Mike talks about resolutions and goals. As we start a new year, we sometimes look at the change of the calendar to a new year as a clean slate to improve our current situation and become a better person. Resolutions are good but sometimes they're not sustainable for a myriad of reasons. He emphasizes the importance of having a plan with SMART goals to ensure that you have a purpose and a way forward for your unique situation. SMART stands for Specific - Measurable - Ach...

In this episode, Mike talks about building an emergency fund. He shares some statistics about the struggles people are having with every day expenses. The increasing costs of every day items are making it challenging for many people to juggle being able to buy what they need when experiencing an unexpected emergency that impacts their finances. He shares ideas on how to handle those situations by having a plan in place with an emergency fund. He talks about what that is, how to start on...