Who is Dennis?
Dennis is creator of CashMap Pro, the innovative finance app that keeps your money working 24/7, see your financial future, and achieve your life’s most important milestones
Key Takeaways
People don't understand the power of compounding and just how much they can actually do and achieve with their money
being mindful of your money will amaze you how much you could save
combine 2 with being able to see the power of compounding, it's just absolutely transformational for the person who does it
Valuable Free Resource or Action
Dennis has a free app at cashmapapp.com which gives you the ability to figure out how much you're going to need to save to get there.
Transcript
Note, this was transcribed using a transcription software and may not reflect the exact words used in the podcast)
Dennis Williams 3:06
Can you hear me? I can't hear you for some reason. Let me sign out and come back in. Maybe it's on my site. Can you hear me now? There we go.
Stuart Webb 3:23
Change the microphone too many too much too much technology for me to be able to cope.
Dennis Williams 3:29
It's all good. I am well let's see now. You're in Australia, right?
Stuart Webb 3:39
No, I'm in Britain.
Dennis Williams 3:41
Oh, you're in Britain. Okay, so the near the end of your day,
Stuart Webb 3:45
he's getting towards the end of my day, my day lasts a long time.
Dennis Williams 3:52
Well, then that means I hope you enjoy your day. As long as that's the case. It's all good.
Stuart Webb 3:57
Thank you. And what about yourself, you're the beginning or the middle of your day, I should say.
Dennis Williams 4:01
I am at the beginning. I am in Washington State.
Stuart Webb 4:06
Okay, so you're right on the other side. Beautiful part of the world right on the
Dennis Williams 4:10
other side. And I'm, I'm you can't go much further north than I am. I'm 20 minutes from the Canadian border on the coast.
Stuart Webb 4:17
Beautiful. I have. I've spent some time in Canada. I had a lot of fun on that part. Right over on that coast in Vancouver and places like that. So yeah, beautiful part of the world. Very, very pretty. very wet.
Dennis Williams 4:31
Yeah. It's a well from from this point forward. It's very dry. Matter of fact, I don't know if you've been following. Yeah, you've had that terrible heatwave in which I've got some one one town in Canada. just literally 90% of it was burned, burned to the ground. So we don't have any rain in the forecast at all at this point and probably like where you are are high today. There's only going to be about 21
Stuart Webb 5:04
Yeah, we've had 23. But we've had rain. So we're getting we're getting the rain that keeps the fires.
Dennis Williams 5:10
Yes, yes. So it's, uh, yeah, Canada is an awesome country. But before we moved here, we lived in Hawaii. And so we actually moved here. And all three of our kids actually went to school in Canada.
Stuart Webb 5:22
Wow. Okay,
Dennis Williams 5:24
fantastic. Oh, so, yeah, it's Canadian culture and the culture in Hawaii are very similar. And it worked out really great. Excellent. Yeah, it worked out. Well.
Stuart Webb 5:35
questions that I sent over to you. You call with them?
Dennis Williams 5:40
I don't know if I saw them. But let's run. Let's run through really quick.
Stuart Webb 5:44
Okay, I'm sorry, you didn't see them, they should have come over. So I don't know what's gone wrong. However, let me just get you the questions now. So I'm gonna ask you to discuss and just talk about five questions. What's the biggest challenge your ideal client has? Or faces? Okay. What are the common mistakes people make when trying to solve that problem without help? Okay, what's the one variable free action, or the valuable free resource you can direct people to that will help with that problem? Okay, what contact book, program or talk has been most impactful in your experience? Okay, what's the question that I should have asked you that I have an ad obviously give the answer to that. Okay. Not a problem. Okay. Are you? Are you good to go? I'm good to go. Now, just so you know, I also stream these out live on to YouTube, I tell my audience that we're here. So they may pop on and start asking questions. I don't know. They might just sit quietly, as I did, they did one of these yesterday. And somebody just said, nice to see you. And it was nice to see you as well. But they do sometimes ask a question. So if a question comes up, I'll throw it to you and see if you could answer it.
Dennis Williams 7:09
Sounds a dynamic and keep me on my toes.
Stuart Webb 7:15
Dennis, that's the idea. So let me just get this right. Your your financial education. Is there anything else you would like me to introduce us?
Dennis Williams 7:26
Um, I think um, yeah, I guess financial education. That's, that's, that's probably, you know, fine. I have an MBA in finance. And the other thing that I'm really good at is building strong collaborative teams in corporate settings. But I like that one.
Stuart Webb 7:45
That let's let's throw that in. We'll, we'll see how you will see how you, you can put that in. So I'm going to hit the go live button. We'll go live. And then I welcome you to the podcast. Do a brief introduction to you. And then I'll run through those five questions. Sounds great. Thanks for the invitation. And looking forward to it. All right. So I've just hit the go live button. It's preparing to a live stream. Thanks a few seconds, unfortunately. So you've got time to clear your throat or anything else you need to do. We're live we're live on it's not rocket science. five questions over coffee. I actually haven't got my cup of coffee at the moment by my good lady has just come into my office and offered to go and get me my cup of coffee, which will be arriving in a couple of seconds. Dennis, I hope you got some refreshment in front of you. I'm here with Dennis Williams, who is a financial educator who's got a great business we're going to talk about. So Dennis, welcome to it's not rocket science, five questions over coffee. I hope the weather with you in Washington State is as good as it is here at the moment. I've got rain. So let's talk about the the more important thing about what we're doing here today, which is what's the biggest challenge your ideal client faces today, particularly now?
Dennis Williams 9:16
I think the biggest challenge that that people generally have is they don't understand just the power of compounding and just how much they can actually do and achieve with their money. And that times kind of working against us. But just by by making small changes in the way that we manage our cash. It can have a huge impact. Going down the line in helping them to achieve what's most important to them sooner than they ever thought possible.
Stuart Webb 9:49
Absolutely right. The power of compound interest is one of the magic, the magic numbers that you really need to get to know when you're a young child, don't you?
Dennis Williams 9:58
Yes
Stuart Webb 10:01
It's something that so often we don't educate our children about, isn't it?
Dennis Williams 10:06
Well, not only do we not educate but the but the biggest problem is, is that, you know, when you starting with something that is seemingly small and, and you look at and say, Well, this isn't very much, but you don't understand or see the impact over time. It's kind of like a snowball that kind of continues to build. And that's really the reason why I built cash map, the finance application, because it enables people to put their spending their current spending, nevermind a budget, because a budget, in fact, is a is a message for most people, that I can't do something. So So never mind telling somebody what they can't do just kind of take it where they are. And it then shows them the impact based on the assumptions that they plug in, that they can expect to see over 510 1520 years. And inevitably, when somebody sees that they're absolutely shocked at how much they could put aside if they're just simply mindful about what they're doing. And that coupled with another free product I created called These are my dreams. Most people never ask themselves the question, what are the key events in your life? Over the next 510 15 years that if you don't get to do you're gonna kick yourself in the bum?
Stuart Webb 11:42
What a good point.
Dennis Williams 11:44
Right? And I've never met one person's do who's actually done that. But when you take that, and now combine it with being able to see the power of compounding, it's, it's just absolutely transformational for the person who does it.
Stuart Webb 11:59
That's a brilliant, brilliant message, Dan, it's so so one of the common mistakes people make when they're trying to solve the problem of managing their money when they don't use things like cash map and one of my dreams.
Dennis Williams 12:14
Well, you'll be surprised. The biggest thing that I have found and it has the biggest one, I think you're going to be surprised by his most people don't know where they're spending their money.
Stuart Webb 12:28
Yeah, I can believe that. I'm afraid that is a very good point.
Dennis Williams 12:33
They have no idea. It's just kind of it. It's kind of like it's like going to a sand dune and trying to pick up sand with your fingers open. Yeah, just kind of slips through. And then when you come back and look at it, you go, Well, wait, what, where did that go? Where is my money going? So I would say that's the biggest thing that I find. I mean, I even know CPAs financial advisors who have actually looked at my product, and they thought they knew where their money was going, it was shocked to find out they didn't know. That's amazing.
Stuart Webb 13:11
That's amazing. Okay, brilliant. So what's the one valuable free action or valuable free resource that you would like to direct people to that can help them with these problems?
Dennis Williams 13:22
Well, I can actually say this, there's two things, the first of all, is, from my website, you can actually download a product I created for free called, these are my dreams. And it will walk someone through the process of saying number one, and I recommend that both both partners in a relationship, do it separately, because that's the other that's the other thing. But you're able to identify what are the things in your life that will bring you the greatest joy. And then it walks through and then helps you identify what the current costs are. And then depending upon when you want it to happen, what the future costs will be. And then it gives you an ability to figure out how much you're going to need to save to get there.
Stuart Webb 14:16
Okay, that's a really good thing. So where can we get that from? Dennis? That's the first question I have for you.
Dennis Williams 14:23
My website which is a cash ca sh map ma P and then a PP comm cache map app.com. So you can go there and and look for these are my dreams and and download it. The second thing is, is that my app you can download for free also. And there are two sections to it. One is the education section. And the other section is what we're talking about where you're able to just kind of plug in your current spending. And to get a sense of here's how much I want. I've got left and there's there's no cost That.
Stuart Webb 15:01
That's a brilliant resource. And once again, where do we get one get hold of that?
Dennis Williams 15:06
Well, if you go to my website, there is a button, you can click that will take you to either Google Play, or to Apple's App Store. But otherwise, if whether you have a Android smart device, or an iOS, Apple smart device, just type in, in their store, cash map, it's all one word. And the app will come up.
Stuart Webb 15:32
Brilliant. Thank you. Thank you, Dennis, for that. Okay. So what's the content or book or program or tacos? There's been most impactful in your experience.
Dennis Williams 15:46
I think the I think one of the one of the items, that's that's had a major impact for me, has been? Well, actually, it's been How to Win Friends and Influence People.
Stuart Webb 16:01
Yes, yes. That's a great book.
Dennis Williams 16:06
It's a great book full of stories. And, but yet, it really gives a sense of, of how people think and how to connect with people. And, you know, the bottom line in, in business or just life in general, it's relationships. And, and being consciously aware of getting out of your own skin and learning to think in terms of how is somebody else thinking? So that you can effectively Connect? Is is huge.
Stuart Webb 16:41
That is absolutely right. Yeah, I absolutely love. So finally, you know, I've sat and grilled you, what's the one question that you think I should have asked you, which I failed to do? And and give us the answer to the question, please.
Dennis Williams 16:59
Oh, I think it would be the the follow up. Question is okay, people who actually use this process, what impact does it have?
Stuart Webb 17:13
I love that question. I'm so glad. I'm so glad you asked that. What's the answer?
Dennis Williams 17:20
I find that if somebody is the application is, is really two simple things. First of all, we're we're all about teaching people to use the strategy that banks and big businesses regularly use to our benefit. And that is keeping your money working 24 seven, instead of leaving it sitting idle in a checking account, doing nothing, waiting for your bills to get paid. And by and by doing that, if we're talking about getting rid of a mortgage as an example, usually, I see people save anywhere from 50 to a couple $100,000. In interest, even in this low interest environment. If somebody is talking about credit card debt, doing the same thing, using a small line of credit, you know, in North America, here, the average credit card debt is $6,849. And if somebody's there, if their family budget is only, they only have a couple of $100 left, and then making the credit card minimum payment, it's gonna take them 45 years, and they're going to pay $67,000 in interest. By using this little strategy that I'm talking about, they can have it paid off in two years. And even if the line of credit is at 24%, they're only going to pay $570 in total interest cost by learning to put their money to work.
Stuart Webb 18:59
That is those are really life changing numbers. And I'm so glad you brought them to the audience. Because, you know, I'm a business builder. And I see too many people doing exactly the same strategy in business. They don't think about where they're spending their money, they spending too much money on interest in things. And they don't give enough attention to the fact that compound interest is actually affecting their business as well. You've got a brilliant product there. I really, really am impressed by the product by the thought you put into I hope that's going to be a real winner for you.
Dennis Williams 19:31
Why I appreciate it. And my passion truly is that this is something that everybody should understand and just make it a common part of what we all do. The biggest problem that I find has been people and this is especially true for professionals who are smart. They are so sure they figured out how to effectively manage either getting rid of debt and it's only about making additional payments. And they don't even recognize that. It's the small things that make a difference. And so this is a simple concept. And most people look at it, and they just shake their head and say, No, something's wrong here, this, this, this can't be true. And it is, but it's the power of compounding where you repeatedly are, are focused on instead of leaving my money sitting in a checking account doing nothing, here's a safe alternative that can enable me to accelerate either getting rid of debt or accelerate growing my savings. And, and I can, I can see the impact. And it becomes empowering and motivating and sustainable. And you know, the best part is do their budgeting, but they don't know it.
Stuart Webb 20:56
Dennis, thank you so much for your time today. I think there's been a brilliant, a brilliant discussion. I look forward to going and getting a copy now and getting onto your website and looking at what my dreams are. I suspect I should probably learn things that I had no intention of learning this afternoon. But it's brilliant. I really appreciate your time. Thank you so much for being here. Listen, people, if you would like to hear more about what sort of things that we're doing here at the complete approach, and it's not rocket science, go to tcaa dot FYI, forward slash subscribe that gets you on to a newsletter, you hear about brilliant people like Dennis who come onto this podcast and talk, you also get the opportunity to come onto these and ask live questions. We haven't had any today. But I have a funny feeling. There'll be a flood of questions coming back, following this release. Danny, thank you so much for being on this afternoon, really appreciate your time, have a really brilliant time of that. Things go really well for you.
Dennis Williams 21:53
Thank you for the opportunity and any insights you can give me I welcome them and enjoy the rest of your day.
Stuart Webb 22:00
Thank you. And we stopped the live record. Dennis, that was brilliant.
Dennis Williams 22:08
I love it. I have to tell you, in all honesty, the impact is so big. The biggest challenge I have is people can't believe it's for real.
Stuart Webb 22:24
Yeah, I get that I really do. Because you find that I talked to I talked to a lot of people and some of the stuff I do is very, very simple. And they turn around and go well, I can't be that simple. And you know, but it is it really is I can I can show a business person how to double the turnover in a year. And they go but it can't be that simple. It can't be that you've got to you've got to work much harder to double my turnover and you go, look, I can promise you it's not, but they don't want to believe something simple works, they want to look for the really complicated answer. You know, it's sort of, you know, well, if it's, if it's going to do something as dramatic as that it's got to be hard work, and it's gonna have to spend nights slaving over a spreadsheet, that's the only way to do it. You know, you're just you're just taking small simple steps to actually make massive changes, particularly around like compound interest where you know, a tiny change will have a huge impact over a long, long period of time.
Dennis Williams 23:19
Exactly, exactly. So I have to tell you, this continues to be a journey as far as the most effective way to hook people to disarm them, you know, so they willing to try something different, or to be coached? You know, again, folks who are, who are, who are professionally trained are the worst ones, because they know they're smart. So how could this possibly be happening to them?
Stuart Webb 23:47
Dennis, it's just been brilliant. I just love the message. I think it's absolutely fantastic. I really, I really hope we can get some traction behind some of this. So get out to my audience, we'll get some people to start downloading that app and seeing what they can do with it.
Dennis Williams 24:03
Yes, and maybe what I should have also said was I also every other week on Wednesdays, I I do a free live webinar. No, I had people from England, I probably need to do it at another time rather than 430 in the afternoon. But if that's something I need to do, by all means, let me know. And I'll do something and another time.
Stuart Webb 24:27
Well, listen, you probably do need to shift the time. So it's a bit more around the sort of time that we're doing it now if you if you could do it. But I'll tell you what, if you want to give me the details. I mean, you send me the details of that webinar. You know what we do on their site, I'll send you a potential email that you could send to your people you send the details of that webinar. I'll put that webinar right to my people, and we'll see if we get some people coming out to that for you. Okay, sounds great. All right. Yeah. Thank you, Dennis. That's been brilliant. Thank you very much indeed. All right. Have a good one. You are the rest of your day.
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