How To Build and Protect Generational Wealth - Episode 467
Crushing Debt Podcast
Have you ever had a bus fall on your house? What is the difference between Passive and Active Income? How do you make money for tomorrow? For the next generation? On this week's show, Shawn & George talk to Whitney Elkins-Hutten, the founder of Ash Wealth Consulting and Director of Investor Education at PassiveInvesting.com. She hosts the Passive Investing Made Simple podcast and is a partner in $800M+ of real estate assets—including 6,500+ residential units, 2,200+ self-storage units, and more than $5M in fix-and-flipped properties. After hitting a home run with her first rental...
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The Discontinued Penny! - Episode 466
Crushing Debt Podcast
Have any spare change? Do you still use cash and coins? The US Treasury Department and US Mint announced that it will stop making pennies after it runs out of the blank templates used to make the coins, saving the government $56 million a year in materials costs. There is no indication that pennies will be taken out of circulation, only that new pennies will not be produced. This move should have no impact on electronic purchases - ACH, Wire, Debit, Credit, etc. A few news articles on the subject: This issue is not unique to the United States. Canada, Australia and New Zealand...
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We Watched Tik Toks About Getting Out of Debt - Episode 465
Crushing Debt Podcast
Everything on the Internet is true, right? What can Tik Tok (and social media) teach us about getting out of debt? How much of the advice is legitimate and how much is, shall we say, a bit "out there"? On this week's episode of the Crushing Debt Podccast, Shawn & George watch (or listen to) Tik Tok videos from influencers who are trying to help people get out of debt. We'll then comment on the good, the bad, and the ugly of the advice given. As with any social media platform, you have to do your own due diligence and utilize strategies that will work for you. You can listen to...
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How to Haggle Without Looking Like a Jerk - Episode 464
Crushing Debt Podcast
Why are garage sales the perfect sales and negotiation training ground? What is the golden rule of negotiating? What are some negotiation tactics that work, and some that don't? Each year, in October and May, Shawn's neighborhood hosts a community-wide garage sale. Shawn has tested and practiced different sales techniques at these bi-annual events in a low-risk, low-pressure environment! Please go back and listen to these previous garage sale episodes, which have covered lessons such as: 68 - negotiations 86 - preparation 118 - patience 168 - preparation 241 - approach 270 - target market 373...
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Soft Savings. Rethinking Retirement - Episode 463
Crushing Debt Podcast
What is Soft Savings? Why would you want to embrace it? What are some tips to balance soft savings and hard savings? What are some red flags to avoid with Soft Savings? In this week's episode of the Crushing Debt Podcast, Shawn & George talk about Soft Savings, basically savings practices that may not be measurable or something that can be quantified. It involves spending for experiences, rather than saving for later. Soft savings is really just a mindset around what and how to save. Let us know if you practice soft savings, hard savings, or some combination. And please this...
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Do I Have To Pay Back My Student Loans? - Episode 462
Crushing Debt Podcast
Have you been paying your Student Loans? Have you been waiting on forgiveness of your Student Loans? Recently, the Department of Education has begun collection efforts for Student Loan borrowers behind on their payments, who have not repaid their debts or entered into some type of workout plan regarding their Student Loan debts. The government estimates that there are 6.4 million Student Loan borrowers between the ages of 50 - 60, that owe a combined $282 Billion - or $46,000 per borrower. For some history or background, Student Loan payments paused during the COVID pandemic. But in October...
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I Need A Notary - Episode 461
Crushing Debt Podcast
What documents need to be notarized? What can a notary do or sign, or not? How or when can notarized documents help you to get or remain debt free? On today's episode of The Crushing Debt Podcast, Shawn & George interview our friend, Amanda Loeffler, owner of I Need a Notary, a remote online notarization company. That means Amanda can notarize documents anywhere and you do not need to be sitting with her physically to get something notarized (but you do need to prove your identity prior to signing). Amanda Loeffler is a wife to LCDR Jake Loeffler, USNR. (Go Navy!). Jake and...
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Why Your Groceries Still Cost So Much! - Episode 460
Crushing Debt Podcast
Why are grocery prices so high? Is it because of tariffs? Is it because of supply chain costs, or the Bird Flu? And how can you continue to budget while the cost of most products continue to increase? On today's episode of The Crushing Debt Podcast, Shawn & George discuss these issues, including some strategies to deal with the rising cost of goods, including Budgeting Using Cash Envelopes (or a similar system) Buying off-brand products Using coupons or loyalty discounts Buying in bulk Eating everything you buy (no waste) Creating a meal plan Using a meal delivery service Making a list...
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Spring Clean Your Debt - Episode 459
Crushing Debt Podcast
Spring is when many people spring clean their home. But how many of us Spring Clean our finances? How many of us declutter our debt? April is also Financial Literacy Month, and for most of the Country April is the month when income tax returns are due. Did you file on time, or did you file for an extension? On this week's episode, Shawn & George talk about how to spring clean your debt, which is very similar to spring cleaning your home: (1) declutter - what expenses can you reduce or eliminate, (2) pick your cleaning tools - how do you want to eliminate debt, through consolidation,...
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Childfree Wealth - Episode 458
Crushing Debt Podcast
How does your financial life change when you are childfree? What is the difference between FIRE and FILE? How does your investing change when you are childfree? How does childfree impact your estate planning and long-term financial goals change? How often have you asked a newlywed couple, "so when are you having kids?" How often have you asked a couple married long-term, "any plans for kids soon?" There is a growing number of married couples who are childfree, sometimes for medical reasons, and sometimes by voluntary choice. How can people with kids be supportive of their friends who...
info_outlineIn this week's episode of the podcast, we discuss bankruptcy and why it is broken into all odd-numbered chapters, except for one even-numbered chapter. We also go into a little detail about the differences between all of the bankruptcy chapters.
We hope you enjoy this week's episode. Please let us know if you have any questions, comments or topics you want us to cover in future episodes.