Archives For Money

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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

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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

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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

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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

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Screen Shot 2015-03-14 at 1.40.27 PM

Ever wondered what it’s like to be your own boss? We talk to Toni Breedlove of Hot Topics Talk Radio and find out just what it takes to be your own boss.

You can find Toni and her amazing team at:
Hot Topics Talk Radio

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

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taxtime

In one day:
I was on the freeway and saw an accident.
I was in a parking lot and saw an accident
I was on the way home, two blocks later, and saw an accident.

Save 9.25% in taxes you would have paid or $9.25 per $100.
Why does this get you excited?

What about the 25% taken by force of law out of your paycheck?
What about the .38 cents/gallon of gasoline tax in TN?

Resources:
Solari.com – Catherine Austin Fitts

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

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sexandmoney-300x225

Why do you use sex and money as tools to get what you want?

No matter how bad it gets, I’ll always have money.
Always be able to attract a mate.
Always be able to make up for mistakes.

No matter how bad it gets, I’ll always have sex.
If it gets bad, you can always have sex and forget about your problems.

Challenge:
Next time you’re tempted to use money or sex to get what you want, try to think of another way.
It’ll make you far more resourceful in the long run.

Resource:
Sex, Money, Happiness, and Death: The Quest for Authenticity
by Manfred Kets de Vries

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

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every-time-you-spend-money

Fact: When you “borrow” money from a bank, the bank doesn’t have the money. You are literally creating the money when you sign the Promissory Note. And they’ve convinced you to pay back your money PLUS interest. What does this mean to you?


Tammy from AK replied: “Well if the devil danced in empty pockets, he’d have a ball in mine. Makes me ambivalent.”

Resources:
You’re Broke Because You Want to Be – Larry Winget
wealthmoney.org “Achieving economic freedom and prosperity by spending not lending all new money into circulation. Spend Em! Don’t Lend Em!

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 2014, All Rights Reserved