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

Greg DeBaer

Greg DeBaere from Rockford, IL shares why he’s excited about a recent job opportunity, addiction recovery, being raised Catholic, and life in general.

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

Piper Niemann

Piper Niemann is a Title Real Estate Closing Notary who has been self employed since 2004. She shares why she chose her field and how being self employed compares to working for someone else.

You can find her at:
Piper Niemann

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

Sean O'Shea

We spend time with Sean O’Shea, an inspirational speaker, singer & songwriter. He’s twice opened for Dr. Wayne Dyer and been interviewed by Charles Gibson & Diane Sawyer on ABC’s Good Morning America.

He shares with us:
How you can honor your quest to do the work you love.
What kind of business savvy it takes.
When you know you’re living your dream now.
Ways ordinary people can make an extraordinary difference.

Sean can be found at:
spiritualpeopleskills.com

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

Nick from AK

We talk to Nick from Alaska and ask him what it’s like recently out of The US Navy, going to college, and forging a path in this crazy economic terrain?

Interview Questions:

1) Who’s your biggest hero?
2) Why college?
3) What would you say to folks in their 20’s, thinking about going back to school?
4) What about someone in school thinking about quitting because a full time job seems more lucrative?
5) When do you think you’ll be making “enough” money?
6) Where do you want to be in 5 yrs?

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