When you send your child to college to pursue a college degree, you don't want them to graduate with a mountain of credit card debt. I'm talking to college students who did and a few experts with tips on what parents can do to help their children avoid the same pitfalls with credit cards.
Successful businessman, Ed Peterson, joins the Divas to add a wealthy perspective on this very interesting article. Do you agree? Tune in to find out how Ed encourages us to make the big B.U.C.K.s!
30% of college student graduate with credit card debt, on top of student loans. The average balance was $2500. This is a preview with one former college student who struggled with credit cards in college.
Lauren Greutman is an admitted shopping addict. Her addiction landed her family in $40,000. She's now a recovering spender and she talks about how she lives debt free without stress.
This is a preview of a provocative conversation with Lauren Greutman on how she overcame an addiction to spending.
Tai and Talaat McNeely were heading toward marriage when he dropped a bomb on their otherwise picture perfect relationship. This is the story of how this couple overcame an initial challenge in their first year of marriage to thrive as a couple and become debt free. They now help other couples master money in their marriages. That's why I call them - and you will too - America's Favorite Money Couple.
Tai and Talaat McNeely have a classic love story. Boy meets girl. Boy hides $30,000 of debt until right before the wedding. They worked through the broken trust and learned to work together to pay off debt and become America's Favorite Money Couple.
Melanie Lockert used the "good debt", student loans, to fund her undergraduate and masters degrees. When she couldn't find full-time work, she battled depression, loneliness, and self-confidence issues. Writing a Dear Debt letter and taking action helped her rebound emotionally and financially from a dark hole and helped her pay back all $81,000 of her student loan debt.
September is National Suicide Prevention Awareness Month. If you debt has you down and you are plagued with thoughts of hurting yourself, please seek help. Melanie did and it was useful. NAMI is a good place to start.
This week on the Midday Money Show, I chat with Melanie Lockert. She's been down because of her debt. However, she managed to create a community, break up with debt, and create a brand new career as her own boss.
New Midday Money Show episodes release every Thursday at 11:30 am CST.
Jessica Garbarino runs EverySingleDollar.com, a community dedicated to supporting single women in the journey out of debt. Enjoy a conversation about how this single women conquered her mountain of debt.
Jessica Garbarino runs EverySingleDollar.com a community dedicated to supporting single women in the journey out of debt. Enjoy a preview of our upcoming conversation about how this single women conquered her mountain of debt.
I gathered a panel of experts to contribute to a fascinating discussion on whether college-educated women should risk losing $25,000/year by marrying someone who isn't similarly positioned.
Is marrying for love an outdated notion?
Along with the revised podcast, we bring in crowd-sourcing to share tips for enjoying life while dumping debt. Figure out this one thing and your journey out of debt will run smoother.
This episode first ran with our series called OPP - Other People's Problems. We talk with a debt free diva who's first marriage, unfortunately, ended in divorce. She took 3 years to right her financial ship, made some tough sacrifices, but has been able to rebound and reclaim her life.
Since divorce has a disproportionately negative impact on the financial lives of women, we glean helpful tips for women facing this transition. Divorce may be a setback, but it doesn't have to derail your debt-free dreams.
For more information, visit the show notes for this episode.
Jason Burns, co-owner of Downsize Fitness in Chicago, Dallas, and Vegas. He’s a former professional football player from the Cincinnati Bengals and has turned his sports enthusiasm into helping people living the healthy life they desire.
Check out the show notes for this episode for all links mentioned in the episode.
Basheerah Ahmad is not your average fitness guru. She works with stars such as Vivica Fox, Steve Harvey, and Ruben Studdard to name a few. She's appeared on Dr. Phil and the Doctors and she's stopping by to give us a bit of her valuable time. Want to know how to get fit without burning a hole in your wallet? Tune in and be inspired.
They really do. Ashely Hicks and Toni Carey, founders of Black Girls Run, join us to discuss budget friendly tips on enhancing your physical fitness while you are improving your fiscal fitness. Tune in for great tips and motivation to get moving today!
Steven is a fellow Chicagoan and personal finance blogger with EvenStevenMoney.com who had to leave paradise and start over so he could dig out from under a mountain of debt. In the process, his now wife shows us how a supportive partner can accelerate the mindset change required to get serious about dumping debt. I love this personal finance meets romantic good news movie script we’re treated to. Steven is very honest about the challenges he faced when making the adjustments, but temporary sacrifices ended leading his family to a life of freedom. As you listen, reflect on the adjustment necessary in your own life that will help you get serious about eradicating debt.
Bola is and average girl with a goal. She didn't come from rich parents and she didn't have a sugar daddy. On an average salary, starting out from college - she was able to save $100,000 in 3 and half years.
What she did have was a mom who practiced what she preached and a great idea for creating extra income from a simple hobby. Take her lessons and apply them to savings or dumping debt. It doesn't matter. Just make the dream work.
Are you doing any of these common five things that keep you in debt? Dumb may be a harsh word, but bringing attention to potentially destructive behaviors is more important than avoiding ruffled feathers.
If dumping debt is your goal, make sure to remove any of these items from your to-do list. Permanently.
I spoke with three travelers who ventured to different countries - all with a similar experience. They were able to make their money go further overseas than living at home. For those looking to attack debt with more gusto, consider living abroad for a time. Listen to these stories for ideas on how to make your debt disappear and create a cultural experience in the process.
Gabby Wallace is a TEDx speaker, entrepreneur and consultant. She started out teaching English and moved to Japan for a little adventure. After being “invited to quit” her job in a foreign land, she created a successful online English language school – Go Natural English - using YouTube video marketing. Her first YouTube channel for English language learners has over 200,000 subscribers and 10 million views. She runs LaptopTeacher.com which provides online training for video marketing.
Melissa Thomas is passionate about personal finances, but as the founder of Melissa the Coach Financial Coaching, she wasn’t always that way. Like many of us, she was living from pay check to paycheck barely making ends meet. On top of that she had a very particular hobby that later became motivation to fix her finances.
Tune in and be inspired to find your own muse to accomplish your debt free goal.
Amethyst Phillips joined me to share how her debt free journey opened doors to an amazing adventure. She's spending 365 days outside of the United States because she can. Amethyst is off to travel and have an extended cultural experience faciliated in part by her lack of debt.
Maybe world travel is not your muse. Grab onto whatever motivates you to accomplish your debt free goals. In the meantime, tune into Amethyst's epic adventure, learn her strategies for staying focused, and be inspired!
The show notes at DebtFreeDivas.org contain links to all resources mentioned in today's episode.
Dana Sharp may have hit the parent jackpot. Her father was frugal before it was fashionable. He began his career as a Chicago Public School gym teacher and worked over his lifetime to amass a considerable fortune that his great grandchildren still benefit from to this day. Dana's father valued character building, saving, and education which makes him our real life example of the people profiled in Thomas J. Stanley's groundbreaking research on high net worth people in this country in The Millionaire Next Door.
Dana shares the lessons from her father that she employs and now passes to her children and grandchildren. This was such a powerful episode, full of wonderful pearls of wisdom that anyone - parent jackpot winners or otherwise - can apply.
We can all build a solid financial foundation and pass on the traits that create millionaires next door.