The 10 Steps to Financial Abundance

Here is the free eBook. After several years of perfecting this system while teaching the 60/40 principle, you can now download all the steps for free. Workshops and seminars are still being taught on the finer aspects of this work, but this download is an excellent beginning.

Let me know what  you think of the book!


Relax! Breathe! You WILL Gain Control of Your Finances! (Step 10)

by Janine Bolonil_430xN.9237086311

Here we are on the final step to Abundance. I’ve done my best to give you the Reader’s-Digest-Condensed-version of the systems used by wealthy people to bring their finances under their control rather than being controlled by them. This is the time to rewrite your financial story. This is the day when you start telling your financial abundance story rather than your fear based story. You start speaking to yourself about how financially responsibile you are. Yes, you may have debt, but you now have a system that is going to pull you out of debt. You now have a tracking system for your expenses. You have a financial target to shoot for and you have an overall vision that keeps you on your financial journey with clarity. Today is the beginning of your new life! Congratulations and Welcome! We’ve been waiting for you and are very happy that you have arrived!

Here a quick list that I use in my seminars and workshops to help bring all the main points together and assist you in the step-to-step walk to abundance.

    • Write down your eulogy, goals and purpose statement. Review your goals daily.
    • Track all your expenses for three months.
    • Open your savings accounts (both long term and short term)
    • Implement the 60/40 principle with money that is NOT your paycheck.
    • Live within your means, always. If you don’t have the cash to buy it, don’t.
    • Invest in yourself. Learn how money grows. Totally understand compound interest!
    • Declutter your purse, wallet, car, house, garage, and storage units.
    • Learn a new skill once a month, make June’s skill be the use of a Price Book.
    • Keep learning, read a financial book once every six months.
    • Relax! Take a deep breath! Rome wasn’t built in a day. Know that the steady effort wins this race.

The most important fact about the wealth accumulation lifestyle is this: It is a race that is a marathon, not a sprint. Make daily efforts to gain control of your financial life. Don’t try to change everything ALL at once. Do a little something every day and over the course of 5-9 years you will see that you have totally altered your financial life for the better.

Now…those are the basic principles to wealth. All 10 of them. What is next? Time to deal with the emotional barriers that you are putting up to prevent you from becoming rich. Ask me about my next class, “Money with Heart!”

Splitting Money to Pay Down Debt and Increase Savings (Step 9)

By Janine Bolon

5 pointed star completed.pngOkay, folks, we’re about done with this “Path to Abundance Program.” Step 8 demonstrated the three areas where money is submitted to keep the cycle of cash flowing into your life rather than away from you. How do you utilize this knowledge to bring cash into your world? There is a simple system that will allow you to pay off debt while at the same time increase your savings account balance.

It is called the 60/40 Principle. It is the system that I used to get my family out of debt and eventually we moved from being middle class to millionaires over a 7 year period (We thought it would take us 14 years!). Here are the basics:

This concept is the main rule that governs the flow of money in our lives. If you implement the 60 / 40 principle on any money you receive, you will immediately see your savings account start growing while your debt load decreases. If your debts are great, start only with money that is not part of your income, such as birthday money, rebates, unexpected cash from part-time employment, your change jar, your bonus from work, a tax refund check, whatever; you get the idea. You allocate money in this way by the 60 / 40 principle:

  1. 60% you live on. This goes into your main checking account.
  2. 10% goes into a long-term savings vehicle (IRA, 401k, Keogh account, solo 401k) for retirement. If you don’t currently have a retirement account of any kind open two savings accounts at your bank. (One for long term and one for short term savings)
  3. 10% goes into a short-term savings account (local bank or a money market account) for use in those occasional large-scale expenses (new tires) and emergencies (the water heater explodes).
  4. 10% is tithed to a church or secular charity that is in line with your purpose. This is your ”rent” for occupying space on the planet.
  5. 10% is pure philanthropy. That’s right, you just give it away for the benefit of the community at large. This primes the pump so that the Universe starts sending wealth your way.

Once you have retired your debts, the goal is to apply the 60 / 40 principle to all your money, including your income, to keep money flowing in your life, increase your savings for retirement and still have money for the things you enjoy doing in life! Should you have any questions or comments please post them. I’ll do my best to answer you quickly. Next week will be the final step to the Path to Abundance!

Understanding the Flow of Money (Step8)

 by Janine Bolon
Okay, you’ve been working on your eulogy. You’ve got a vision for “why” you are saving money and digging yourself out of debt at the same time. You have purpose. And lastly, you have started tracking your expenses. Now, comes the time to pull all this together. Time for you to put the Flow of Money into perspective.
One reason money may have not been working well for you is due to your ignorance of how it works or “flows” in and out of your life. Don’t worry, this is NOT something they teach in any school. As important as the Law of Attraction and the Flow of Money are these principles are so basic, most folks don’t give them any thought until their money issues reach up and bite them!
Money is not linear. It does not flow like a stream from the mountains to the plains in a fairly downhill line. It is circular. Money moves in a HUGE circle. So large, in fact, that most of us don’t comprehend the size of the circle until we are actively engaged in making the circle move faster for us.
Here is how it works: the flow of money is split into three large sections that move around our lives in a curved path.
  1. The Living Arm of money is the path most of us know about intimately. It is where all the expenses are located and it usually takes up 110% of our income. Yep, we spend beyond our means in this category.
  2. The Saving Arm of money is the least known path for Americans. We really stink at saving money. The Chinese and Japanese so have us beat in this area! Of the entire US Population, only 2% saves money. Yikes!
  3. The Giving Arm of money is actually well done by Americans. We are a very giving country, but the reason we don’t benefit like we could by this movement of money is due to our inconsistency of giving. We donate here, there and everywhere, but in a very sporadic way. This does not help keep the flow of money going. Consistency is the key here.

To get money moving in your life you need to have cash flowing to all three arms of money at the same time. That is why it is impossible to pay off your debt first and THEN save money. You must save money and pay off your debt at the SAME time.

Now that you know how money flows, you’ll be able to use that knowledge to funnel cash into the areas of your life that will bring a return. The next post will deal with the actual mechanics (read: details) of how to make that happen. Step 9 to Abundance is the 60/40 Principle!

Stay tuned!

Using the Law of Cause and Effect for Positive Purposes (Step 7)

by Janine Boloncauseandeffect3


This principle that the Universe will fill the Voids we create in our lives, and do so in kind, is well known.  It goes by many names and is said in various ways. You’ve probably heard most of these depending upon your cultural or religious background. Some alternate versions are:

“The Law of Cause and Effect”

“The Law of the Harvest”

“What you sow, that you shall reap.”

“What goes around comes around.”

“Birds of a feather flock together.”

“To him that has, more shall be given.”

“Like begets like.”

“Do unto others as you want them to do unto you.”

Despite the near-universal acceptance of this well-known law, people still have difficulty implementing it when they need something or when they see that others are in need. When you’re serving the needs of others it seems that the Universe goes to work overtime to get you what you need so that you can succeed.  Yes, you still have to do your part and work like crazy while you move toward your goal, but you have to do that anyway, right?  So why not rope the Universe into helping you out as well? Use the Law of Cause and Effect to do good in your particular corner of the world. How do you do it? Easy. What you give away will come back to you, just like a boomerang. (We can go into the physics of that in a later post!)

  • If you live in fear of starving, give food away (I have a family member that has 25# sacks of rice under her bed because not having enough food is one of her issues. I’ve learned so many tricks of how to store food in unconventional ways from this woman!)
  • If you are afraid of being homeless, offer your house as a place to stay to someone in need or it that isn’t possible, support a local shelter.
  • If you worry about not enough clothes for yourself or your children, give away clothes.
  • Lastly, if you really want more money in your life, guess what? That’s right. Start giving it away. Give as much away as you can without straining the budget for rent, food, tuition and insurance payments. You get the idea. There is money in your life that you can give away without putting your family out on the street. If this is NOT the case…if you are really in that dire situation where you can’t even afford food, then get thee to a food bank and start receiving aid. Why? You need to swallow the pride and accept help so that you can get to where you are more stable financially. Then, and only then, can you move into abundance. I’ll rant and rave more on this topic in a later post.

Remember what the late Sam Walton (co-founder of WalMart) told me about the secret of success in business is to replicate yourself. This principle holds true for money as well. Sure, the Universe isn’t one of your employees, but so what? A helping hand (or whatever the Universe provides) is still a helping hand. Consider what it is that you are afraid of and then fight that fear by giving what you need to others. It is a beautiful outward expression of the saying, “What goes around, comes around.”

Disposable Products True Cost (Step 6, part 2)

by Janine Bolon
Well, I was a bit surprised by the number of comments that flooded my email inbox, Facebook account and twitter direct messaging regarding this topic so we’re going to chat about it for a bit longer.

 First off, please, please everyone stop beating yourself up, okay? Stop with the guilt and self-flagellation on this. We are all here learning how to become financially independent. You are going to make mistakes, have challenges and meet resistance (both internally and externally) as you move along this road to debt-free living. Here is a sample of some of the comments made by folks that demonstrates many of the emails I’ve received.
“I know I waste money on paper towels. I’ll go forever, not buy any and then get desperate and buy some. My kids and hubby go through them so fast that I then stop buying them again. I just need to go out and buy a bunch of dishtowels. Thanks for the reminder.”

“I’m willing to do without paper towels, just don’t mess with my toilet paper budget.”
“Please, please don’t ask me to give up my Charmin! I don’t want my wife to read your post.”

I find it funny that so many folks immediately start thinking about toilet paper whenever I mention disposable products! LOL. As one reader said, she’d tried to save money by having her family use the old Sears catalog trick, but they rebelled. (heavy tongue-in-cheek here!) Then the next item on the list of questions from readers was, what did my family use two-ply paper or one ply? I was inundated with questions about toilet paper. I had several husbands (3 to be exact) email me and beg me NOT to tell their wives about the costs because they have preferences for their bathroom tissue and they can’t stand the generic brands. Toilet paper, toilet paper, toilet paper!!!

Look, this is the thing folks. Don’t worry about what brand you use of ANY disposable paper, plastic or cleaning product. Just know the amount of money that you are throwing away on a daily basis. Then make a decision as to the cost/benefit ratio. Is it worth it to you to have a specific brand of toilet paper? If the answer is yes, well then buy it…you have my permission. LOL.

Make the sacrifices that you can comfortably live with and then save money somewhere else in your frugal life. There are thousands of ways to save money in this tightwad lifestyle. Use the other 999 ways to save money and stick to buying the bathroom tissue that is your favorite! Yikes! I had no idea that we would open up such a can of worms on this tip. Although, I thank every single one of you for emailing me. By the way, I totally agree with you guys! DON’T mess with a man’s favorite bathroom tissue. We’re treading on sacred ground here. (Sorry, but I can’t keep laughing from the shear PASSION this tip unearthed!) Your many emails let me know that you were reading the blog and that is good. Keep reading and you’ll learn more than just money tips, you’ll learn the mindset that keeps you walking the path to financial freedom.

Okay, now let’s talk about all the other disposable products that are used in common households, not just the passionate issue of toilet paper. LOL. (Sorry, I’ll try not to giggle anymore, but the response really has me giddy. It was so unexpected.) As I run through the list, just see which ones you can really do without and which ones that you make a goal to eliminate from your household budget. Alright? No panic attacks here. Remember this frugal life is all about saving money in places that won’t make you feel deprived!

    • Paper towels – buy kitchen towels and store a whole STACK under your sink for daily use.
    • Napkins – buy cloth and launder
    • Plastic flatware – buy a BUNCH of flatware from the thrift store for pennies and take that with you on your outings, picnics and potlucks. If it is lost or left, no biggie.
    • Paper/disposable cups – again, the thrift store is a treasure trove of coffee mugs, unwanted tea cups and glassware. When we picnic out or go to potlucks my family wraps our drinking dishes in those linen towels from the kitchen. We’ve not had a breakage yet. Now, be sensible…around the pool or on the beach…of course, use reusable plastic cups.
    • Cleaning wands, sweepers and other house cleaning disposable products – I tried the new Clean-all-dust-mop-thingy when it first came out because I had a store coupon and I bought it on double coupon day and it only cost me $5 instead of the $20 it was going for. I could also write it off as a business expense because I was testing it for my “readers.” Well, that thing DID NOT clean as well as my dust mop that has the removablecotton head that I just throw into my washing machine. Actually, it left stuff behind that my other dust mop was able to pick up. Really look at your housecleaning goodies, how many now languish in the back closet never being used after you realized that your broom did just as well, thank you, and doesn’t cost you “pennies” every time you use it? Get rid of them and clear out that closet.
  • Trash bags – when we moved into our current house I went to the thrift store and bought bathroom sized trash cans for various rooms of the house. I even use the little bathroom trash can for my kitchen. I do this so I can use plastic bags given free at the store as liners. Sure, sure…I do use canvas bags for shopping, but when my trash can liners run low, I’m using the freebie bags. Now, I have a few things many people do not. Colorado is very big on the whole GO GREEN thing and we have an amazing recycling program here in Boulder County. Our curbside trash can is 1/2 the size of what you normally see! No lie. See the picture below. Also, every family has a variety of different trash and maybe this system won’t work for you. However, it is just another way to save on a normal expense. There are ways to creatively get around most expenditures. Why did I ever come up with this? Well, it was when I was pregnant with kid number four. I couldn’t lift the kitchen sized trash bags when I was as big as a whale. My exhusband traveled a lot and my other kids were also too tiny to handle the job. My answer…use tiny trash cans and smaller bags. Then I could make multiple trips to the trash, but hey, I could at least LIFT the silly thing. That’s when it struck me that I was also saving money.


I hope this helps you out. Continue to do little things every day to keep your life simple and frugal. Give up the things you can, buy generic when you can and purchase the items that make a difference in your life. No guilt here. Just be conscious of what your buying and how much life energy it costs you. Good luck and, guys, keep those emails coming. I’ll try to protect you from an overzealous wife/partner. Remember, she/he just wants you to be able to retire early!

Examine Your Use of Disposable Products (Step 6)

by Janine Bolon
Sometimes you just have to change your buying habits in order to get the best value for your money. I had one client, Linda, tell me that she was having difficulty figuring out where she could cut corners in her expenses. After two months of tracking, she came to my office and worked through her monthly expense sheet. I asked her about her paper towel use. Linda would only buy one particular brand and she knew exactly how many rolls she went through a week. I showed her that she was spending $520 a year on paper towels alone. It looked like this:

4 rolls per week @ $2.50 each = $10 a week x
52 weeks per year = $520 annually

She was appalled! She said she could afford to buy a new dishwasher for that amount of money! This gave her the motivation to stop using paper towels. Immediately she went out and purchased a bunch of inexpensive linen towels. The initial investment was $12.64 for 20. Even with laundering costs she knew that she was saving huge amounts of money by not using paper towels anymore.

Look around your house and determine what behaviors you have with disposable products. See them for what they really are…money down the drain. Don’t let the commercials or the marketing fool you…disposable products are not THAT convenient to make me give up on financial independence by throwing money away!
This is a highly personal choice on the use of disposable products. Look around your house and see if using the disposable item really is worth the “savings” of time or is it really just money down the drain? Could you purchase an item for a one time fee of $15-$20 that allows you to wash and reuse the item? Are the laundry costs really that much?
Please remember this one important fact, the difference between the middle class and millionaires is that wealthy people are always thinking about what they can do to create their financial independence.