Archives For Money

economy

The difference between “The” economy and your economy.
Whose economy is it anyway and why should you care?

The Dow recently dropped 531 points in one day. So what? It didn’t decrease my debt payments or put more money in my bank account. How about you?

Resource:
Debt Mess to Debt Less

2015 Debt Shepherd, All Rights Reserved

Rebecca

How can you possibly save a thousand dollars?

My wife Lynn inspired this episode. So we echo the advice of Rebecca @ helloprettybird.com and show you how to save $1k.

When you see the simple yearly savings plan she shares, you’ll kick yourself in the ass for not having the discipline to start earlier.

Resource:
How To Save A Grand

Book your complimentary consultation now:
Debt Mess to Debt Less

2015, Debt Shepherd All Rights Reserved

The Church of Yahweh

Credit card spending. Friend or foe? We ask my friend Ahyh, founder of The Church of Yahweh, to share his perspective.

We discuss:
Revolving (compounding) interest and how it hurts you.
The difference between secured and unsecured debt.
Why using credit will always cost you more money.

Resources:
The Church of Yahweh

Book your complimentary consultation now:
Debt Mess to Debt Less

Debt Shepherd, 2015 All Rights Reserved

Screen Shot 2015-07-18 at 5.38.52 PM

We talk to Rev. Denise Yeargin of Unity of Music City and ask:

1) What is abundance consciousness?

2) Why teach abundance consciousness in the first place?

3) What is your biggest challenge when teaching/speaking on this subject?

4) When do I know I’ve got it right? Am I ever done?

5) We ask Denise: Is prosperity consciousness a choice I make every moment of every day?

Resources:
Unity of Music City

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

Debt Shepherd, 2015 All Rights Reserved

Interest

What would happen if you pre-paid your debts? How about saving thousands & thousands of dollars and several years of your working life?

1) Who can prepay?
2) What if I can’t afford it?
3) When can I prepay?
4) Why would I prepay?

$100k loan, 4% interest, 30 yrs.

$2,000/mo net/take home income.
10% = $200/mo prepay

$34k interest saved.
Turn 30 yr mtg into a 17 yr mtg
13 yrs of your life saved.

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

Debt Shepherd, 2015 All Rights Reserved

The Church of Yahweh

We talk about The Love of Money. Our guest is Ahyh, founder of The Church of Yahweh. It is dedicated to presenting the clearest explanations it can about the mysteries and essence of the universe, God, and ourselves.

We explore:
1) How do we separate the the love of money from money?

2) If the love of money is the root of all evil. Could we translate that to “The love of material things (matter) is the root of all evil?

3) Is how I handle money a reflection of my self image?

4) Ahyh’s thoughts on “Money can’t buy happiness but it can sure make misery more enjoyable.”

You can find Ahyh at:
The Church of Yahweh

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

Debt Shepherd, 2015 All Rights Reserved

Interest

You’re borrowing the purchase price and you’re borrowing the interest paid. At the same time. Two loans, not one. Look at your amortization schedule. A – Mort – ization – Mort means death.

What is interest?
Rent for the use of the bank’s money.
They didn’t have it to lend anyway. You created it when you signed the promissory note.

$100k loan @ 4% interest for 30 years. You pay back $100k.
And you pay back $72k interest or rent for the use of the banks money.

$72K divided by $100k = 72% interest, not 4% as you’ve been lead to believe.

You don’t question it because the monthly payment fits into your comfort zone.

So you borrow $100k and payback $172K. You have to earn $172k plus (for example) your 25% tax bracket. You have to earn $172k plus $43k to payback the loan. That’s you earning $215k to pay back a $100k loan.

Check out the blogtalk interview with host Rick Fiorio:
The Right Side of Things

Give us a call on our voicemail listener feedback line at 615-200-7189
or drop Greg an email at: greg [at] debtshepherd [dot] com

Debt Shepherd, 2015 All Rights Reserved

Shelly's Fabulashes

We talk to Shelly from Missouri, a single Mom with three kids who was recently looking for a way to make a little extra money for Christmas.

What she found turned out to be something much bigger than expected.

She shares with you this awesome opportunity to make a little extra money for your family and how it can be more, if you choose.

Give us a call on our voicemail listener feedback line at 615-200-7189
or drop Greg an email at: greg [at] debtshepherd [dot] com

Debt Shepherd, 2015 All Rights Reserved