Ellie Kay - The 60-Minute Money Workout. An Easy Step-by-Step Guide to Getting Your Finances into Shape

Praise for
The 60-Minute Money Workout

Ellie Kay has the unique ability to make mastering your familys finances easy, accessible, and yes, even fun! Written with the true insight of someone whos been there, The 60-Minute Money Workout is a serious finance guide that doesnt take itself too seriously and offers something for every member of the family, even the kids.

T ANYA R IVERO , anchor of ABC News NOWs Good Money

Ellie Kay has a unique gift of being able to communicate through many mediums. She is an expert on practical money matters. This book is filled with insights and tools to help any family experience financial freedom and contentment.

R ON B LUE , founder, Ronald Blue & Co.: Wisdom for Wealth. For Life.

Ellie Kay is wise, articulate, and practical. Her new insights in The 60-Minute Money Workout are no exception. If your finances feel out of control, this book will whip you into shape!

D R . K EVIN L EMAN , author of Have a New Kid by Friday and Have a New You by Friday

Praise for
Ellie Kay

Ellies work, helping us be better stewards, is one of the great services to families across our nation.

D ENNIS R AINEY , executive director and radio host of FamilyLife Today

The debt mentality in our society is rampant, and people are desperate. Ellie hits the nail on the head by defining those struggles and offering practical solutions in a remarkably clear way.

H OWARD D AYTON , CEO, Crown Financial Ministries

Ellie is amazing! I dont think she ever sleeps! She provides great information and is always a fun guest on the show.

B ILL G RIFFETH , host of CNBCs Power Lunch

A splendid example of the far-reaching and positive impact that an individual with vision and faith can make in our world. Thank God for people like her who are a tremendous inspiration!

D R . R OBERT H. S CHULLER , The Crystal Cathedral and television host of Hour of Power

T HE 60-M INUTE M ONEY W ORKOUT
P UBLISHED BY W ATER B ROOK P RESS
12265 Oracle Boulevard, Suite 200
Colorado Springs, Colorado 80921

Details in some anecdotes and stories have been changed to protect the identities of the persons involved.

Copyright 2010 by Ellie Kay

The 10/10/80 Rule, the Cha Ching Factor, and the Living R.I.C.H. Principle are trademarks of Ellie Kay & Company, LLC.

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information storage and retrieval system, without permission in writing from the publisher.

Published in the United States by WaterBrook Multnomah, an imprint of the Crown Publishing Group, a division of Random House Inc., New York.

W ATER B ROOK and its deer colophon are registered trademarks of Random House Inc.

Library of Congress Cataloging-in-Publication Data
Kay, Ellie.
The 60-minute money workout / Ellie Kay.1st ed.
p. cm.
eISBN: 978-0-307-44604-6 1. Finance, Personal. 2. Saving and investment. 3. Consumer education. I. Title. II. Title: Sixty minute money workout.
HG179.K3784 2010
332.024dc22

2010027095

v3.1

To the Worlds Greatest Fighter Pilot

Sixty minutes a week can completely revolutionize your finances.

One hour a week. That is sixty minutes out of 10,080; 1/168th of your time.

Whether you make $15,000, $50,000, or $500,000 per year, theres one thing all of us have in common: each of us has sixty minutes per hour.

Time.

Its the great equalizer. The presidents proportion equals the paparazzis.

The plumber and the philanthropist.

The mom and the maniac.

The student and the senior citizen.

To some, the minutes fly by. To others, they drag.

For some, time is money. For others, money is time.

Nonetheless, time is the great equalizer, and all of us have the same amount. How is it that some people can milk the most out of every moment while others inanely waste eons of instants? Its what you do with time that makes it count.

The difference in how you use the resource of time lies in how purposeful you are with your hours each week. If money matters are cited as the number-one problem in most families, then it seems that they should get at least an hour of our time each week.

Give your finances sixty minutes a week and see how all things money-related will change:

• Youll get out of debt and be able to save for your kids college tuition.
• Youll have more meaningful and debt-free vacations.
• Youll be able to figure out how to pay cash for your cars.
• Youll make a life-and-death difference around the world in the way you give money to others.
• Youll find peace with your mate.
• Youll discover contentment with your current circumstances.
• Youll latch on to hope for your financial future.
• Your money life will be completely revolutionized.

Do these promises sound like glib guarantees made from a woman with an overactive imagination and too much caffeine? Dont be fooled. These are the assurances from a woman who has been able to deliver on every single principle while financially supporting seven children on an average family income of $55,000 a year. This book doesnt promise empty theories that are written from a glass penthouse with a fine city view. No, this book was birthed among the grit and grime of having too much month at the end of the money.

My husband and I discovered early in our marriage, when we carried the heavy burden of $40,000 in debt and no hope in sight, that one hour a week could change our financial lives forever. We started these weekly money workouts, and within two and a half yearson a military mans salarywe were completely out of consumer debt, we began to pay cash for our cars, we took great vacations, we started a retirement fund, we put away money for the kids college, and we began to support orphans in third-world countries. Well into our second decade of marriage, we began to make more moneybut the one-hour workouts continued because we wanted to keep progressing in a purposeful approach to how we managed money.

Something to keep in mind during these workouts will be that you must first know your money personality so you can understand how it impacts the way you view, interact, spend, and handle money. Thus the money personality profile in will be a critical aspect of how each workout will function for you throughout the rest of the book.