We had the good fortune of connecting with Jesse Ernst and we’ve shared our conversation below.
Hi Jesse, do you have a budget? how do you think about personal finances?
My wife and I have lived on a budget for nearly our entire married lives, we still use cash envelopes and pay close attention to our spending. To many people this sounds like a limiting way of living, but for us it has allowed us to prioritize what is truly important rather than always living in the moment and living a paycheck to paycheck lifestyle that so many live. By following our budget, prioritizing our spending and staying on the same page with our finances as a couple, we have been able to travel to so many amazing places. From South America, Europe, Asia and many new places across the U.S.
Traveling is one of our shared passions, and we attribute our ability to go and explore the world to the budgeting process and lifestyle we have chosen to live.
Alright, so for those in our community who might not be familiar with your business, can you tell us more?
Back in 2020 I launched my own Financial Coaching business, Ernst Financial Solutions,LLC. At Ernst Financial Solutions, I work with individuals, couples and small businesses on how to get a handle on their finances, establish their goals and dreams, and then chart a course and create a plan to turn the dreams into realities.
My wife is a huge inspiration to me in the way she started her business and we dove into that together and said “lets just try it!” We did and she has made her little crepe shop into a huge success and a wonderful place for people to connect. Watching her and walking with her through the experience of starting Claire’s Creperie really helped me have the courage to branch out and start my coaching business, to dive into something I am super passionate about and find deep fullfilment in doing.
What sets me apart is that I’m not an investor (financial advisor), I don’t sell insurances, broker real estate deals or ever handle my clients money. What we do is work together to recognize habits and behaviors that need altering, create action steps to adjust and recreate new habits, behaviors and mindsets with money. We dive into each individuals “why” as we call it, to understand what is actually important to them and why that is their driving force.
It is not always easy to make these adjustments, but the long term rewards are incredible.
Starting a new business is never easy. There were many days of self-doubt, of questioning, of hardships and disappointments. However, I constantly talk to other more experienced coaches around the country who have been there and done it. Each week I intentionally connect with either a coach who has much more experience than me so I can ask a lot of questions or connect with a coach who is newer at this than me to encourage and remind them that they can do it.
One of the clients I am most proud of was actually my very first paying client. When we totaled up all their debt, from student loans and leased cars, to credit cards, 401k loans and financed furniture it all totaled to just over $507,000 in debt.
During our first coaching session they said “this is going to take us 10 years isn’t it!?” but as we got to work and understood their goals, what they could do to overcome this obstacle and become debt free they set a debt free goal date of 2 years start to finish. As of last week they have paid off $505k of the debt and will be 100% debt free in a total of 21 months start to finish!
Some of the lessons I have learned is to always be learning, always be improving, always be asking questions. Now I read a lot and connect with a lot of coaches who coach finances as well as life and business coaches and we are all always learning from each other.
As far as my brand, my story and my mission. The raw desire is to help people to lead the life they used to only dream of. A lot of the stories I share are of the people I have helped get out of debt, but I also coach many people who are debt free but still need to create a healthy relationship with money. They still need good money habits, behaviors and healthy mindsets. Some of the work I do has been speaking to students in High Schools, sharing my story, sharing how they too can go to college debt free, and how that sets them up right out of college with no debt to be able to build amazing wealth for their families and generations to come.
Financial wellness touches all areas of life. Relational health, emotional health, physical health, spiritual health and mental health. Though of course it is not a cure all, being financially healthy does create space for better health in all areas of life and that is why I am so passionate about spreading the message and method of financial peace.
Any places to eat or things to do that you can share with our readers? If they have a friend visiting town, what are some spots they could take them to?
Mount Dora, FL is a wonderful little town to visit, I call it a “Modern Day Mayberry” (flashbacks to my childhood watching Andy Griffith show). We would HAVE to get a crepe from Claire’s Creperie…the owner is my favorite (my wife). Then we would walk around some of the downtown shops, grab coffee from Serendipity Brews for some caffeine and I would probably drive them over to the next little town over of Tavares to show them the little Seaplane’s that take off and land on the lake there. For dinner we would have to go to the Goblin Market back in Mt Dora for an amazing chef inspired dinner. If in town for several days, we might venture over to one of Florida’s hidden gems and take a dip in one of the natural springs, unless it is winter time in which case we would still go to the springs but it would be too cold and closed as that would be when the Manatee’s are typically found in the springs.
There is simply too much to list for Mt. Dora and central Florida that you just have to come check it out and see for yourself. The sunsets are beautiful, food is fantastic, and the locals are kind.
Shoutout is all about shouting out others who you feel deserve additional recognition and exposure. Who would you like to shoutout?
Since I was young I always had an aversion to debt. The feeling that I owed someone something never sat right with me. As a kid and young teenager, when we would be out shopping and I wanted something in the store but didn’t carry money with me so my Mom would pay for it and before I got it out of the bag at home I would run to my room and get the money to pay her back. Fast forward to the end of High School and I knew I didn’t have money for college, my parents couldn’t pay for it so I took a gap year and worked 50 plus hours a week and saved. Then in college I worked two jobs each semester, two and three jobs in the summers and graduated college with NO student loans.
Right after my wife and I got married, my oldest brother sent us the “Financial Peace University” course from Dave Ramsey and after we took the class we have been budgeting and making a plan for our money ever since.
We owe a lot of our financial success to my brother Ben introducing us to Dave Ramsey and what he teaches, of course to Dave Ramsey, his classes and all his books, but the biggest factor has been having a spouse who is on board and on the same page with what we do and where we want to go financially.