Paychecks and Balances Podcast with Rich Jones and Marcus Garrett

This week I had the pleasure of being on Paychecks and Balances Podcast with Rich Jones and Marcus Garrett, a couple of high energy financial guys teaching people what to do with their money to build wealth.

Rich and Marcus were fantastic hosts who somehow pulled out a few of my most embarrassing financial moments on air.

Rich and Marcus are doing amazing work, but they’re also amazing people. These guys weren’t silver spooned. They’ve worked hard to get where they are. I really enjoyed the conversation as well as engaging and discussing some of the cultural differences that affect personal finance challenges for different people groups. As some of the only African American men working in the financial education and media space, Rich and Marcus getting it done!

The Millionaire Choice, Episode 129 (Direct Link)

The Millionaire Choice, Episode 129 (iTunes)

The Money Savage Podcast with George Grombacher

The Money Savage Podcast with George Grombacher

It’s always fun discussing Millionaire Choices with people who are trying to share knowledge. This week, I spoke with George Grombacher on his Money Savage Podcast about the The Millionaire Choice and the10 Keys of the Millionaire.

On Money Savage, George and I disuss simple budgeting…oops…”spending plan” methods to help people focus more on building wealth and less on just paying the bills. We also touch on other topics like breaking free from our family’s bad financial habits and some of the other 10 Keys of the Millionaire from my book, The Millionaire Choice: Millionaire or Not. You Can Choose.

George is a highly motivated individual and a great host. In addition to his Money Savage Podcast, he co-hosts the Figure It Out Podcast with Sentari Minor.

Your Millionaire Plan with Tony Bradshaw (Podbean)

Your Millionaire Plan with Tony Bradshaw (iTunes)

Simple Spending Plan Magic

Alright, let’s just admit it. The word budgeting makes the hair on the back of your neck stand up. You break out in dry sweat. Your skin gets clammy. Your stress level goes up, and you may have a number of other symptoms. It doesn’t have to be that way.

Personally, I hate the word budgeting. It’s sooooo constricting. We had to do annual budgeting at work and everyone hated it. Even the CFO (that’s Chief Financial Officer) hated it, and he’s supposed to love it! Whether at home or at work, we have to do budgets if we want to manage our money well. I prefer to call it “Watch Your Money” and it’s Millionaire Key #5 in my book, The Millionaire Choice.

The concept of budgeting can suck the life right out of you, so here’s a trick. Stop calling it a budget. Call it a spending plan. It’s a lot more fun to figure out where to spend your money that budgeting it. And here’s another secret, if you spend your money (put your money) in the right places, you can end up creating a ton of wealth and breaking out of the paycheck to paycheck life that 75% of Americans are living. Want to know how? Read on.

Try breaking your spending plan into 4 simple groups.

  1. Living Money
    Living money is the money you need to live each day, week, month and year. It’s your rent, your electricity, your water, your food, your gas, your auto, your insurance, etc. If it doesn’t get paid, something bad happens. That’s living money. You need it to live.

    Your living money is pretty consistent each month. It’s doesn’t change much, and it’s very predictable. Once you have it set, you don’t have to worry about it as long as it gets paid. As long as your other spending habits don’t mess things up, life is good.
  2. Wealth Money
    Wealth money is the 2nd most important category on your spending plan and you want to stack it up as much as you can. The problem with wealth money is hardly anyone sticks money in this group. It’s why 75% of people are going to keep living paycheck to paycheck. They’re not thinking about their future.

    If you skip over wealth money, the future isn’t going to be too bright, but if you put aside some wealth money on your spending plan, you might just become a millionaire.

    How much wealth money should you have each month? Well that depends on your age and goals. My personal goal for you would be for you to become a millionaire in your 40s or 50s, but maybe you’re already in your 40s or 50s. Don’t worry, you just have some ground to make up.

    The best way to figure out how much wealth money you should put back each month and year is to create your own financial plan or what I call millionaire plan. A millionaire plan gives you a real number and a real goal. A financial advisor or planner can help you figure this out or you can use some online investment tools.

    Here’s a tip, if you’re not putting at least $10,000 a year into wealth money, you need to get there quickly. If you are already putting $10,000 a year into wealth money, think about what you can do to get it to $20,000 a year. Always stretch yourself and see what it will do to your millionaire plan. In general, wealth money gets neglected in favor of play money, but if you can keep things in balance you’ll do well.

    Rule of Thumb: Target 4x-10x more wealth money in your spending plan than play money. That should build you a really nice millionaire future.
  3. Play Money
    Alright, we’ve all got to have some fun in life too, but some of us have too much fun. We skip over the wealth money and spend way too much money on fun. Movies, trips, toys (i.e. four wheelers, new cars, boats, eating out, fancy vacations, and more). Too much play money can ruin your financial future. However, too little play money can ruin your life. It’s a balancing act.

    So how much play money should you have each money. It’s relative to your income and futuregoals. If you’re spending more in play money than wealth money, you have a problem. A real problem. For slimmer spending plans, $200-500 a month isn’t a bad number as long as you’re hitting your wealth goals. That’s $2,400 to $6,000 per year. Spend it wisely.

    Now let’s use the rule of thumb mentioned earlier of putting 4x-10x more into your spending plan than you are into your play money. For example: if you’re play money is $2,400 a year, then target your wealth money at $10,000-$24,000 per year. While $10,000 is probably more realistic in this case, always keep in mind the balance. This is all related to your annual income and how much you have available. If you’re coming up short, look for new ways to make some more money.
  4. Other Money
    The other money group is anything that doesn’t fit into living money, wealth money, or play money. Things like Christmas gifts, birthday gifts, Valentine’s day, slush money for unplanned spending needs, or whatever. If things get bad and your money gets tight, this is the first category you cut although I don’t recommend you cut your spouse’s birthday or anniversary celebration out. I don’t think that would end particularly well for you.

That’s it. Using this simple spending plan magic when I was 25, I knocked out $16,000 in debt in about 18 months and invested over $18,000 in stocks and mutual funds. I kept this plan in place as I kept marching towards my goal of becoming a millionaire by age forty which I’m glad to say I reached.

You want balance your spending plan to cut waste out of your spending plan, have a little fun and pump up your wealth money. By balancing these four areas, you’ll build a better financial future for yourself and your family.

The Stacking Benjamins Show

stacking-benjamins-itunes-logo smallIf you want to learn about personal finance from some very knowledgeable people in a fun and entertaining way, you definitely need to listen to Joe Saul-Sehy and his show, Stacking Benjamins. Stacking Benjamins is a top rated personal finance podcast who hosts well known guests such as Jean Chatzky, noted financial expert and Today Show contributor, Jill Schlesinger, CBS Business Analyst, and more.

This week, I got to talk with Joe on his his award winning show broadcast from his mom’s basement. I love the way Joe brings financial talk down to where anyone can understand it. Joe is more than just facts, figures and a bunch of financial jargon. His approach is disarming, uplifting, and encouraging. Personal finance, building wealth and becoming a millionaire isn’t all that complicated. We just think it is. The truth is, almost anyone can become a millionaire if they make the right life and financial choices.

Making The Millionaire Choice with Tony Bradshaw (iTunes)

Making The Millionaire Choice with Tony Bradshaw (Stitcher)

Guest Appearance on Market Wrap with Moe Ansari

market wrapI enjoyed talking with Moe Ansari on his show, Market Wrap. Moe has been covering the stock market and finances on the radio and internet for over 20 years. Every day, Moe gives a rundown on what is going on it the market with a bit of advice and forecasting sprinkled throughout the show.

Moe really dove into my book, The Millionaire Choice, touching on making the millionaire choice, debt’s impact on our ability to build wealth, getting money smart, why a money mentor and financial mentor are important and putting together your own millionaire plan. Thanks Moe. I appreciate the opportunity to be on Market Wrap.

The Millionaire Choice (iTunes)

The Millionaire Choice (Libsyn)

Will The Millionaire Choice become an Amazon.com Best Seller Today?

Will The Millionaire Choice become an
Amazon.com Best Seller Today?

3d-Bradshaw smIt’s been five months since The Millionaire Choice launched. The book, the story and the brand continue to pickup steam, and we’re still just getting started. Over the last two months, The Millionaire Choice has been featured on several podcasts and radio shows with the most recent being Market Wrap with Moe Ansari.

Will The Millionaire Choice become an Amazon.com Best Seller today? Truthfully, I don’t know and I don’t care. As much as I enjoyed writing The Millionaire Choice, it is just a tool. I like to think it’s a pretty good one for the purpose it’s been designed, helping people figure out money and building a millionaire plan.

I grew up in a low income home in a low income neighborhood. I know what it means to struggle with money. It sucks. Statistics show us 78% of people are living paycheck to paycheck. I want to make a difference on that number and many other financial statistics. I want to make an impact, but I need help to do it.

I know one person can’t change the world. The reality is, one person can only do so much, but together we just may be able to turn the tide and create a different future. A future where everyone is financially educated and has their own millionaire plan. If we’re going to change the world, it takes a tribe. A tribe to reach people and help them make their millionaire choice. Will you be part of the tribe?

Today is the day you can start helping to make a difference in the financial landscape of America. Pickup a copy today for yourself, a friend or family member. With 78% of people living paycheck to paycheck, I’m sure someone you know could use it!

Buy at Amazon.com

Reviews

“I’ve read over 50 books on money and personal finance. The Millionaire Choice is one of my favorite. It was easy to read and had a lot of great financial information.”
– Jeff Fields, CIO ServPro

I loved reading this book. It is written in a conversational style and explains how you should manage your money by using personal examples. It is very powerful in the sense that it allows you to see how a brother and a sister took two paths that transformed their lives for better for one of them. Excellent read, highly recommend it!
– Anca Pop, Cryptocurrency & Cybersecurity Advisor

“Tony has a gift for breaking down wealth building into a clear and actionable plan. Millionaire Or Not tackles both the numbers and the human behavior required to reach seven-figure net worth. He provides great advice in a highly personable writing style.”
– John Mitchell, COO Groove Rings

Read More Reviews at Amazon.com

Guest Appearance on Change Your Story, Change Your Life Podcast with Louis Di Bianco

Change Your Story

Thanks to Louis Di Bianco for having me on his show, Change Your Story, Change Your Life. Louis has enjoyed a great life as both actor and voice actor. He believes in the power of story and how sharing our own life stories can create power and breakthrough for others.

Louis grew up in the Bronx, a world full of gangs, but never became part of that world. It was all around him. He witnessed it and even connected with a few of its members. But for Louis, another world was calling. A world of education and storytelling. Louis survived the gang world and streets by becoming a storyteller. Louis was a great host and I’m honored to have been a guest on his show.

Episode 170: Millionaire Choices (iTunes)

Episode 170: Millionaire Choices (Web)

Guest Appearance on Living with Money Podcast

Living wtih Money

Thanks to Tim Mullooly for having me on his show, Living with Money. Tim and Tom started the Living with Money Podcast in 2018. It is a fantastic show and boasts many successful and knowledgeable guests from the financial and business world like Ali Gray and Jessica Venables of Your Best You.

Tim lives in New Jersey where he and his siblings are continuing to help people with their money and investments through the financial advisory and investment business his father Tom started 2002.

Episode 55: Tony Bradshaw, The Millionaire Choice (iTunes)

Episode 55: Tony Bradshaw, The Millionaire Choice (Web)

 

 

Money and Faith

I had an interesting conversation with a friend that is helping me promote my new book The Millionaire Choice: Millionaire or Not. You Can Choose. When I settled on the title for my book, I knew there would be people who loved it and people who, well, didn’t like it. Money is a sensitive topic for people, so a book about a controversial topic like building wealth to become a millionaire is naturally a bit controversial. I confess. It’s one reason why I love the title.

Let’s face, if given a choice, do we want to live in a world filled with wealthy people or a world filled with people in poverty? It seems like a pretty simple question to answer, but if it is, why is the topic of building wealth so taboo in some circles?

As I pondered that question myself, I realized something about people and wealth. A large number of people have a warped view about wealth. They believe two things about wealth. One, I’ll never be wealthy, and two, wealth and wealthy people are bad. I’m scratching my head. Both of these viewpoints on wealth are dead wrong. Let’s explore them.

I’ll never be wealthy. Actually, if you keep thinking like that, you won’t become wealthy. Anyone who thinks like this won’t. To become wealthy, you need to take certain actions.  First, you need to start learning about money. Learn how to make it. Learn what to do with it once you make it. Learn how not to waste it. Learn how to multiply it through investments, real estate, and more. Anyone can do it. It’s a repeatable process. You just need to do the process. It’s why I wrote The Millionaire Choice. To show people the process.

Wealth and wealthy people are bad. Seriously? Who taught you this? Where did the idea come from? Sure there are some real scoundrels who have lots of money. I can name quite a few, but for all the bad people with wealth, there are some really good ones. Isn’t it the same no matter what walk of life people are in? Poor people, middle class, and upper class. There are good people and bad, and it’s a wonderful thing that majority of people are good. Don’t let a few rich bad eggs ruin your view of wealth and becoming wealthy.

Money is a neutral thing no matter what amount. A small pile of money is no more or less evil than a big pile of money. Money is not “evil.” Gold is not “evil.” Many people fall prey to the common misquote of “money is the root of all evil.” The official quote is “For the love of money is a root of all kinds of evil.”, and it comes from the Bible in 1 Timothy 6:10. I totally agree with this statement. It goes hand in hand with the wise proverb “absolute power corrupts absolutely”, but we’ll save that conversation for another day. Money is not evil, and large sums of money are not evil.

It’s been said that money just makes you more of what you really are. If you’re a jerk and scoundrel with a little money, you’ll be a bigger jerk and scoundrel when you’re rich.

So why do people in certain groups get so hung up when we start talking about becoming wealthy, how to become wealthy, studying money, or aspiring to become a millionaire? Well, I believe there is a lot of confusion in these groups. More specifically, the Christian groups that I grew up in. Wealth and aspiring to build wealth is frowned upon, and sadly for those that have developed some level of wealth, life in those circles can be difficult.

But let’s explore wealth in the Bible for just a moment by taking some very prominent figures and statements made about their wealth.

Abraham, Isaac, and Jacob

Genesis 24:10
“And the servant took ten camels of the camels of his master, and departed; for all the goods of his master were in his hand: and he arose, and went to Mesopotamia, unto the city of Nahor.”

Let’s put this verse in perspective. Today, cars are the primary mode of transportation. In Abraham’s day, camels. Abraham’s servant took 10 camels of his masters camels. That means he had even more camels. Cars. Camels. Do you know anyone with 10 cars and more parked in the garage? Abraham was a wealthy dude. There are lots of other references to his gold, silver, sheep and other holdings.

Genesis 26: 13-14
“The man [Isaac] became rich, and his wealth continued to grow until he became very wealthy. He had so many flocks and herds and servants that the Philistines envied him.”

Isaac was a wealthy dude and apparently, he built his wealth over time.

Genesis 30:43
As a result, Jacob became very wealthy, with large flocks of sheep and goats, female and male servants, and many camels and donkeys.

Jacob was a wealthy dude. Runs in the family, but Jacob didn’t get rich off Daddy’s money. In fact, Jacob hadn’t even seen his dad in many years when the Bible says he became wealthy.

King David
David was wealthy. Extremely.

1 Chronicles 22:14
“Indeed I have taken much trouble to prepare for the house of the Lord one hundred thousand talents of gold and one million talents of silver, and bronze and iron beyond measure, for it is so abundant. I have prepared timber and stone also, and you may add to them.”

In perspective, that’s 3,300 tons of gold, and 33,000 tons of silver. By comparison, the United States has 6,500 tons of gold at Fort Knox. By today’s standards, David had about $137 billion in gold, and almost $15 billion in silver. Not bad for the guy after God’s own heart.

King Solomon
I love this one. It dispels all the negative wealth myths.

1 Kings 3:12-13
“Behold, I (God) have done according to thy words: lo, I have given thee a wise and an understanding heart; so that there was none like thee before thee, neither after thee shall any arise like unto thee.

And I have also given thee that which thou hast not asked, both riches, and honour: so that there shall not be any among the kings like unto thee all thy days.”

In this verse, it is God that decided to make Solomon rich. And everyone said, “Whaaaaat?” Seriously, this should put the discussion totally to rest. Wealth is not bad. Having wealth is not bad. It’s what you do with it and how you live your life that matters.

Don’t believe me? Well take a look at Jesus’ usage of money as he talked about servants and talents in Matthew 25:14-30. Why would Jesus use an example of rewarding someone who managed money well and multiplied it while punishing someone who mismanaged their money and punished them? It really makes you think.

So here’s some food for thought to all my friends in the Christian circles. What is wealth for? That answer is simple. Enjoy life. Help others. Serve God. Money isn’t evil. Wealth isn’t evil. In fact, an argument could be made that if you don’t build wealth, you’re probably not stewarding your life or your resources properly. How so? Well, wealth is a natural byproduct of hard work, knowledge and wisdom. If you don’t end up wealthy during your lifetime, it’s may just be because you didn’t steward your resources and life as well as you should have. Just maybe.

The Millionaire Choice Update

Its been an fun couple of weeks. Last week we tried out some ads on Salem Radio Networks, placed an ad in The Nashville Scene and ran an ad in their email newsletter. I’ve included the ads here, so let me know what you think about them. We may run them again soon.
 
As we’re spinning up publicity on The Millionaire Choice, I’m having a lot of fun talking to people about money, my story and the book. Its obvious how much people need and want financial education to help them build a better financial future for themselves and their families. I’ve been blessed by how excited people are to listen.
 
Hopefully together we can all make a dent in this huge problem of money struggles. It doesn’t matter if you are in poverty, middle class, or upper income people at all level struggle with money. On the flip side, it doesn’t matter where you are, everyone has the choice to become a millionaire. And why do you build wealth? To enjoy life and help others in need. So why not make the choice? Make your choice to become a millionaire. Get your copy of The Millionaire Choice today.
Ads featured in the Nashville Scene. Print (left), email (right)