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.
In this blast from the past re-play, we chat about the millionaire next door concept based on a book of the same name by Thomas J. Stanley. We discuss 3 principles that separate people focused on wealth building from those who only care about the paycheck size.
It's hard to believe that this was recorded 5 years ago. Forgive the muffled sound in spots - the information is still relevant and applicable.
Michelle Jackson left stable career as a university professional to venture into uncharted waters as a freelance professional just over one year ago. She had expenses, money challenges to overcome, and a little anxiety about taking the plunge. She's sharing the ups and downs of managing a life without a steady paycheck. The challenge has been rewarding, but not without drawbacks.
While she's transitioning to a new business model, she's still very much in love with the idea of depending on self to reach her financial goals.
All resources mentioned today will be in the show notes at DebtFreeDivas.org for the episode: Making Money on your Own: Inside the Freelance Lifestyle
Amanda Paige is free from $47,000 in student loan debt. She overcame under-earning and knocked out a 5-figure debt total in just over one year. - 14 months. Amanda shared her journey through bankruptcy and financial set backs to regroup and implement a plan to be debt free.
Your journey may not look like Amanda's because it's not supposed to. Draw inspiration from her story and figure out what resources you can exploit to accomplish your dream.
This is a candid conversation with Jon White, financial coach with JW Financial Coaching. He lost thousands of dollars making costly mistakes on his first real estate purchase. He's learned from the mistakes and turned that experience into a great guide for others. Jon shares with us his lessons learned and process improvement for buying and selling a home the right way.
Identical twins, Tai and Tarin Perry aka “The Double Saving Divas”, are former investment bankers turned extreme coupon experts. Their motto is 'saving without compromise'. This financially savvy duo joins the Debt Free Divas to share their expertise and tips on saving up to $10,000/year. Want to know how they flew a family of 7 to Disney for FREE? Join us on the Midday Money Show.
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Today, I turn to Barbara Friedberg of Barbara Friedberg Personal Finance.
Before running her own company dedicated to providing investment education for consumers, Barbara was an investment portfolio manager and CFO for Cadco Realty, an real estate holding company. She’s been investing since her early 20’s and with an MBA in Finance she’s taught corporate finance and investing at Santa Clara University.
She joins the Midday Money Show to help us explore how we can get started investing with us today.
All resources mentioned in today's episode will be available in the show notes at DebtFreeDivas.org.
Gina Horkey made $15,000 last month based around her business as a freelance professional. She started her freelance career a little over 2 years ago and left her full time position to support her family of four. It all started with freelance writing.
Gina shares her tricks of the trade and motivation on how you too can get started.
Whether looking for ways to increase your debt dumping momentum, saving for something special, or just creating multiple income streams - freelance work might be what you need.
The show notes at DebtFreeDivas.org contain links to all resources mentioned in today's episode. Stop by and say hi!
Emily Guy Birken is a fabulous personal finance writer contributing to many sites including Wise Bread and Huffington Post. She's penned two resources for retirement and she joins us on the Midday Money Show to talk about prepping for retirement. Whether you have 5 years or less or plan to think of your retirement on a global scale, Emily has great ideas, resources, and tips. Demystify the idea of planning for retirement and get help to find out what you should be doing today.
Links to all resources mentioned in today's episode can be found in the show notes at DebtFreeDivas.org.
Fourty percent of mothers are Breadwinner Mothers. You're either a single mom or the major earner for your household. Even still, mothers make 80% of the purchasing decisions for all households.
Jackie Cummings-Koski, a single mom herself, beat the odds and embraced the need to improve her financial literacy. She's the author of Money Letters to my Daughter - winner of the 2013 Excellence in Financial Literacy Award. She’s a director with the Ohio Chapter of BetterInvesting, the nation’s largest non-profit organization dedicated to individual investment education. She’s even received a shout out from Capital Hill for her work in improving financial literacy.
Jackie joined the Midday Money Show to talk about how moms can (and should) be smarter with their money.
Elizabeth Colegrove is a passionate investor who was tired of hearing that it wasn’t possible to be successful in real estate so started her blog, the reluctant landlord. With 8 properties on her balance sheet, this navy wife balances frugal living and a love for travel with their goal of reaching financial freedom so they can live anywhere once her hubby retires from the Navy. We talk all about moving toward debt freedom on the Midday Money Show…but today Elizabeth joins us to share how over $1 million of debt is all part of her master plan.
Check out the show notes for this episode at DebtFreeDivas.org.
The New Year doesn't have a monopoly on the excitement and new energy surrounding a new beginning. Regardless of where you are in the debt free journey, today can be a new start if you need it.
I'm kicking off the 2016 season a little into the new year, but no less effective with tips for capitalizing on your new start at any point.
Shayla Price talks about earning over $100,000 in scholarships by her junior year in high school. One way to avoid large student loans is to start early and aggressively seek free money.
I laughed (more like cringed) as I listened to this early recording in the Midday Money Show history. We've come a long way since chatting with Shayla. However the information is still relevant. Just have a little patience with the rough edges (and poor sound quality)!
Emma Johnson is the voice of the professional single mom. This personal finance writer, radio show host, and mom of two tackles everything from dating to managing on a single income to outsourcing household chores. Yes, outsourcing! She brings a witty, upbeat perspective to a very challenging experience for many. Emma shares her experience rebuilding from divorce and gives single mom's (dad's too) encouragement at Wealthy Single Mommy. Tune in and be inspired!
TwoHealthyKichens.com is the brainchild between mom friends Shelley and Gretchen (no last names required – like Madonna). These self-proclaimed foodies love a delicious, nutritious meal, but they know how to get it done in a hurry. That’s why we reached out for help during our 30-day Meals @ Home challenge.
An unintended consequence of the Meals @ Home challenge is I’m making better food choices. I enjoyed the conversation with the ladies of Two Healthy Kitchens because they shared how to spice up mealtime without spending your life in the kitchen. Tune in and be inspired!
The Brandow's, a family of 5, hit a financial rock bottom. They realized a change was in order. Do you need inspiration to face your seemingly insurmountable mountain? Do you have teens who'll have to adjust to a new normal? Do you have a spouse who needs to be convinced? Brian's story is for you. He blogs about his family's journey out of debt at debtdiscipline.com. He shares their story and major milestone on the Midday Money Show.
José Figueroa is a financial coach and bilingual blogger who started Figueroa Financial. You can follow him online at figueroafinancial.com. Originally from Puerto Rico, he currently resides in the Dallas Fort Worth area. Jose joins us today to share his story of debt freedom not to brag, but to give you hope and encouragement to continue to pursue your debt free dreams.
Join us on Facebook: http://facebook.com/debtfree4life
Aja McClanahan and her family paid off $110,000 and are debt free, including their mortgage. As you listen to their unique experience around achieving and maintaining debt freedom, ask yourself, what can you do to achieve your goals? Stay connected with Aja's journey on her blog: Principles of Increase.
Welcome to the Midday Money Show. A podcast produced by the Toni Husbands, a financial coach with the Debt Free Divas. This quick overview introduces the new listeners to the Debt Free Divas, our approach to helping your dump debt, and the places we hang around online.