5 Key Takeaways from my first Half Marathon

Have you ever had the desire to prove something?

Maybe it was to yourself. Maybe it was to your friends or family.  Maybe it was to that coach or teacher who made you doubt your own abilities.

lessons from my first half marathonWhoever made you (or makes you) feel that way, their words stick with you. They creep in at unexpected times and you may even put yourself back in that situation where they told you that you were less than.

I am very introspective, so I find myself reevaluating past experiences a lot. Sometimes it’s healthy and sometime it’s not.

Well, in July 2014, I was in a read need to have a personal win. I was forced to go back to work after our real estate business had a tough winter.  I went from the high of leaving my job to the low of having to beg to return.

My wife suggested that I train for a half marathon as it would give me a goal to shoot for. I am the type of person that needs to look forward to things and needs to work toward something.  So, being a former runner as well, this was right up my alley.

I made the goal to run a half marathon by November, but I wanted to challenge myself to actually complete the full distance while running and walking beforehand. My wife even decided to join me.

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Frugal Fun: Taking the Entire Family to a Baseball Game for Cheap

Who doesn’t love going to a baseball game? A warm summer day.  A cold beer.  A hot dog.  Your favorite team.  Your friends and family.  Honestly, what could be better?

baseball game for cheapIt’s all great … until you see your empty wallet or your credit card bill. Major League Baseball games, along with the other major sports, are expensive and a real hit to a family’s budget.

You want to have a great (and carefree) time with the family on a Saturday afternoon. You want to give the kids some fun ballpark food – hot dog, soda, popcorn, pretzels, ice cream, and water ice.  And you want to get them a baseball, hat, shirt, and that giant foam finger that’s become a cliché.  Sure, it’s all part of the ballpark experience.

But, it comes at quite a hit to the wallet. That’s why I’ve compiled a few ideas here to help your family have that ballpark experience at a much more budget-friendly cost.

Attend a minor league baseball game instead of an MLB game.

I know it might be tough for you as an adult to sit through a minor league game. If you’re like me, you want to watch your favorite MLB team (Phillies for me) and that’s it.  However, I do appreciate baseball the game itself.  I can have any baseball game on TV and be completely happy.

For the family, go to a minor league game or an independent league game. Everything is much cheaper – from the tickets to the food and merchandise.

The caliber of play may not be the same as the MLB, but the caliber of fun will be. In the end, that is all that matters.  Plus, your budget will be happy too!Read more

House Poor: What it is and How to Avoid it

Have you ever felt like a complete and utter failure?  I am talking about a total breakdown, tail between your legs, wondering how life will go on from here … flat out FAILURE.  That’s how I felt on that fateful day in the stairwell at my auditing job while speaking with my wife. I had finally come to grips with the fact that we had to move because we were house poor.

That meant selling the house where we started our married life together in 2011.  Here we were, less than 5 years later, having to sell it.  We wouldn’t see the fifth year anniversary of our wedding or closing date in our home.

house poorIt was the realization of our EPIC FAILURE.

It was the house our first child (Davey Joe) came home from the hospital to. The home where my wife become a rock star real estate agent in the area and we spent countless nights scheming for her to continue her rise.  The neighborhood where we spent at least two summers planting countless miniature U.S. flags for July 4th.  The house and a community that we called home was now quickly going to become a place to visit.

The holidays around the dining room table that we got for free. We hauled the damn thing in a rented pickup truck for a half hour or so hoping that it wouldn’t tip over into traffic.

The blood, sweat and many tears that went into painting walls, laying floors, and hanging crown molding. My wife and in-laws did the majority of the work while I went to my job.

It was the home where we learned our pug had lymphoma. But, the little girl beat the odds and was cured.

We experienced ups and downs while we lived there for sure. That said, we loved that house.  We loved that neighborhood.  And we loved that town.

Unfortunately, we were the very cause of our own downfall. We created the circumstances that lead us to have to sell our first home and relocate.

Let me explain where we went wrong and how we bounced back.Read more

Growth Mindset: 3 Ways Running Provides Mental Toughness

Do you ever wonder how the world’s elite athletes do it?

They make it look so easy. Tom Brady executes a perfectly thrown ball for a touchdown.  Usain Bolt outruns the field yet again.  Clayton Kershaw throws a pitch with pinpoint accuracy on the black for strike 3.  Phil Mickelson sinks an unlikely 30-foot putt.

What’s the secret? Well, if you ask Darren Hardy of Success Magazine, it’s about the grind:

It’s the hours in the gym that you don’t see.

It’s the thousands of balls they hit on the practice green that is not filmed.

It is the hundreds of gigs they perform in small seedy clubs for no pay.

It is the thousands of calls they make that DON’T result in a sale.

It’s the years of two-a-days in the hot sun and grinding it out in the minor leagues and doing meetings where no one shows up.

All those moments, despite the boredom and the mundaneness, they keep GRINDING!

Do yourself a favor and read the full article.  It’s worth it and incredibly motivating.

You need to consider this when you start running. It’s not about race day.  It’s about your growth as a runner.  That growth is key and it comes first with a mindset of growth.  You see, it wasn’t until I started training for my first half marathon that I began to harness the mental toughness to do another half marathon and even fathom I could finish a marathon.

In my experience, the mental toughness that produces a growth mindset is inevitably drawn from the 3 key areas I discuss below. These are important to remember as you embark on any worthwhile endeavor.  You should keep them in mind as you begin your training.Read more

Have a Frugal Easter Holiday

With Easter right around the corner, do you find yourself waiting for just ONE MONTH without a holiday?

frugal easter holidayJust one month so you can play catch up and ACTUALLY SAVE your goal savings amount. I understand you and a lot of other people out there are with you.

As parents, we are constantly pulled in two directions. Do we save money?  Or do we buy our little one that extra gift or two?  You tell yourself it’s what your parents did for you.  You rationalize it by thinking it’s a holiday!

Again, I’m with you and I get it. My wife and I are navigating these waters as well with our young son.  It’s not an easy thing.  You see the little face and you just want to give them the world.

However, we all need to be role models for our children. To do that, we sometimes need to make the difficult, but necessary decisions.  Can you say adulting?   (Side note: I hate that term and my spell check doesn’t even recognize it).

That’s why I found some top blog posts from the last few years that I wanted to share as we prepare for Easter. I know Easter isn’t as expensive as Christmas or the child’s birthday, but candy, baskets, and presents can begin to break any well-intentioned parent’s budget very quickly.

Fear not. I found some great tips from other amazing bloggers that can keep you on budget this Easter holiday.Read more

Cultivating Discipline in All Areas of Your Life

I want to discuss a topic that may make you cringe.  Cultivating discipline.

cultivating disciplineNow, I know the word discipline itself has a bad connotation.  You hate hearing it. It harkens back to days where you were told to sit up straight in school or you would go to the principal’s (disciplinarian’s) office (at least in Catholic school).  Or your parents would discipline you by grounding you for not doing your chores or something.  Yes, discipline.

As individuals in our 20s, 30s, and 40s here, we are responsible for fostering our own discipline and mindset. Sure, our bosses could reprimand us or the cop that pulled us over can give us a ticket.  Those are forms of discipline.  But, true day in and day out responsibility and accountability comes down to cultivating discipline in ourselves and our daily routine.

Would you agree?

Here with Run The Money, I am focusing on cultivating discipline in the areas of financial health and physical health. All of these require a mature amount of discipline to not only invoke in our lives, but consistently apply to our lives.Read more

Take the America Saves Pledge!

Thanks for stopping by Run The Money and participating in America Saves Week. Are you looking to change your life? Do you want to actually save money every week and every month? If so, take the America Saves pledge below. By taking this pledge, you're not only having all of those participating hold you accountable for your savings. What's more ... you're holding yourself accountable. And that's where change begins. So, go for it. We here at Run The Money and America Saves are cheering you on!

Thanks,

Dave

Take the #ImSavingFor Pledge for America Saves Week 2017

Share Your Savings Goal and Win $1000 in the #ImSavingFor Contest

To celebrate the upcoming America Saves Week (Feb. 27-March 4, 2017), America Saves is launching the #ImSavingFor contest. It’s easy to enter. Just share a short video of your savings story, or a picture of you and what you are saving for and enter to win $1,000 at americasavesweek.org/imsavingfor.

How to enter:

  • Create a short video featuring your savings story by answering at least one of these questions: What are you saving for? What is your savings story and how can it help other people? What is your favorite savings tip or trick?
  • Or take picture illustrating your savings goal
  • Enter to win at americasavesweek.org/imsavingfor
  • Share your video or photo on social media with the hashtag #ImSavingFor

Get creative!

  • Keep it simple by taking a video or picture in front of the item your savings for – like a new car or house
  • Use a video or photo editing tool to put yourself in the frame with your goal – like a trip to the Grand Canyon or Mount Rushmore
  • Use an app to add a caption or some character to your submission

Bonus chances to win:
You can only enter once per person, but you can get an extra three entries by taking the next step in saving and completing the America Saves Pledge to create a simple savings plan. After entering, look for an email with your bonus opportunity information.

The contest runs from February 1 – April 7, 2017. America Saves will pick one entry at random on March 10 and contact them by email. Click here for the full official rules.

Become Financially Independent in Your 30s

I have always wanted to become financially independent in my 30s.  It has always been a goal of mine.  It all started for me around 2007 and it coincided with meeting my wife in 2006.  She introduced me to Rich Dad, Poor Dad by Robert Kiyosaki.  Kiyosaki talked about his Rich Dad, who understood how money worked and built businesses.  He was his friend's father.  His Poor Dad (his own father) was a schoolteacher and was a slave to money.

become financially independent in your 30sKiyosaki spoke about how he learned that having a business is a bridge to building wealth and introduced us all to the E/S/B/I triangle.  E for Employee, S for Self-Employed, B for Business, and I for Investing.  The goal was to move away from being an employee or self-employed (which Kiyosaki called owning a job) and move into the B/I side.  Your goal was to build a business that you could use to invest  From there, you could build true, sustainable wealth.

And I was hooked.  I wanted financial freedom really bad.  These days it's called "Financially Independent, Retire Early," or FIRE.  Yes, it's still a strong desire of mine and one that I'm committed to achieving in the coming years.

What about you?  Are you new to the concept of financial independence?  Have you ever considered it?  Consider some of the points below as a way to jump start your FIRE goals!Read more

Emergency Fund: Why You Need this 5 Step Savings Plan

We’ve all been there in some fashion: having to put a big unexpected expense on the credit card because we didn't have an emergency fund.

emergency fundYou go in for your state inspection and you find out that your car needs new tires.

You wake up one morning to find out the toilet in your guest bathroom fell through the ceiling and is now in your living room. (This actually happened to my parents’ place at the Jersey shore.  Luckily, they weren’t there at the time and a contractor let them know).

Your little one gets sick and you have a high deductible. You take him to the emergency room and thank God he’s alright.  But, hooray!  We have more bills to pay!  Emergency room visits aren’t cheap.

The point is life happens. Expenses sneak up on you here and there.

If you’re like many people out there, you’re likely not prepared for them.

So, what do you do? You put them on your credit card.  That’s what everybody does, right?  Not exactly.  The Credit Card Catastrophe might be a reality for those in your inner circle, but there are actually people out there who are prepared for life’s emergencies.Read more

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