What is Spaving? - Episode 422
Crushing Debt Podcast
What in the heck does "Spaving" mean? Should you buy the BOGO? Should you buy something just because it is on sale? Buy 3, get the fourth free - good deal or no? This is a week of returns for the Crushing Debt Podcast. George is back after a one-week hiatus. And we welcome back a former sponsor - Magic Mind! I'm sipping my Magic Mind as I post today's show. I drink it with my morning coffee and it helps me to stay focused all day, without the jitters! You can learn more about spaving by listening to this week's episode, and you can check out these articles: Let us know if...
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The Secret To Deferring Taxes - Episode 421
Crushing Debt Podcast
Do you enjoy paying taxes to the government? Do you want to keep more of your profit or gain from the sale of assets? Do you know the Tax Code Section, that has been in existence for a little more than 100 years to help (at first) farmers to defer gains on the sale of assets? This week's guest on the Crushing Debt Podcast is Dave Foster, a nationwide qualified intermediary for 1031 exchanges. Dave has built his business around a model of education, teaching continuing education courses for Realtor associations throughout the country, as well as educational investor webinars for title...
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Hack Stories - Episode 420
Crushing Debt Podcast
Can you spot a scam? Do you know when someone is trying to hack your accounts? Have you ever been a victim of fraud and how can you avoid it? This week's episode starts with a letter that Shawn received from the Social Security Administration. Shawn has been getting a lot of mail lately from the SSA because of benefits for his late wife. However, this letter was address to Shawn's son (red flag), included his wife's cell phone number (second red flag), asked that his son have his bank account information handy (MAJOR red flag), said that Shawn's son had requested the appointment (no he...
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How Much Debt Do I Need to File Bankruptcy? - Episode 419
Crushing Debt Podcast
This is a question I get quite often - "How much debt do I need to have in order to file bankruptcy?" The answer might surprise you - it depends! Are you self-employed? Have you had a drop in income? What type of debt do you have? Business debt? Medical? IRS? Typically, our answer is that you need to have more debt than you can repay over a reasonable period of time. So someone with $30,000 in debt who makes $50,000 per year may be a good candidate for bankruptcy. Whereas someone with $100,000 in debt who makes $1 million per year may be a bad candidate for bankruptcy. Today's discussion...
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Un-Lease Your Business - Episode 418
Crushing Debt Podcast
What are the benefits of owning your commercial building? What are the drawbacks of owning your commercial building? Are you a small business owner, worried about how you're going to fit in your current lease space? Maybe it's too small, maybe it's too big, and maybe your space could provide an additional source of revenue to your business! Finally, what special milestone is the Crushing Debt Podcast celebrating with this episode? Shawn & George have talked before about the pros and cons of owning versus leasing when it comes to your primary residence and your car, but today, we talk to...
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Score Success: Crushing Debt Edition - Episode 417
Crushing Debt Podcast
What factors make up your credit score? How does your score increase and decrease? What are some credit myths? What does FICO stand for? There are five factors that make up your credit score: Payment history (35%) Credit Utilization (30%) Length of Credit History (15%) Credit Mix (10%) New Credit (10%) In this week's episode, George and Shawn talk about your credit score, the way the five factors above increase or decrease your score, and why your score is important. You can read Shawn's blog post here: You can also check your score, for free, at which is the only free credit report site...
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Why Wellness is Financial - Episode 416
Crushing Debt Podcast
Where do you shop for everyday necessities? Can you save money by switching to an online shopping club? Can you save money by switching stores? Can you generate money by shopping? Can you use shopping to get out of debt? This week George and Shawn talk to Mark Roth with The Patriot Shopping Club. Mark works with the largest online shopping club in North America and can help you to save money and generate income based on where you shop and what necessities you shop for online. Mark is a Dave Ramsey Financial Coach, who completed Financial Peace University in 2019. In 2018, Mark was in about...
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The Secret to Paying Off Six Figures of Debt - Episode 415
Crushing Debt Podcast
How long would it take to pay off $141,000 in debt? How would you do it? What would you do first? Is it okay to invest while still in debt? This week's guest is Amanda Sharratt. Amanda and her husband found themselves in over $141,000 in debt from student loans, credit cards, and other obligations, and they PAID IT OFF in THREE YEARS!! In this week's episode, we talk about how they got into debt, and how they got out of it (spoiler, without filing bankruptcy). At the time of our interview, Amanda was COO and a Financial Advisor with Whitaker-Myers Wealth Managers, Ltd. ...
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Convert Your Debt to Wealth - Episode 414
Crushing Debt Podcast
Can you become debt free with just a few hundred dollars left at the end of the month? If you could eliminate the payment of interest, would that help you to be debt free? Would you want to be out of debt in five to ten years? How is the payment of debt more like a GPS than a paper map? This week, Shawn & George talk to Brian Nates and Tammy Gardner about the Money Max Account system of paying off debt sooner, therefore savings tens of thousands, or hundreds of thousands of dollars in interest! The Money Max Account is a way to tangibly predict when you will be debt free by following the...
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Tik Tok Money Hacks - Episode 413
Crushing Debt Podcast
What is the "Cash Stuffing" method? What is Home Equity Sharing, or a Home Equity Appreciation Agreement? Should you get a HELOC? How can you become a gazillionaire overnight? Are there any useful tips on Tik Tok? This week Shawn & George are reviewing advice from Tik Tok because, everything on the internet is true! In this week's episode, we play a clip from Tik Tok and then talk about whether the advice is good, bad or ugly. We hear Tik Tok advice from: @Rochelleadamsonbudgets @cnbcselect @grantcardone @Maconomics @Jaiferrell_realestate @Timbargfrede_mortgages @Robweinberg...
info_outlineWhat are the benefits of owning your commercial building?
What are the drawbacks of owning your commercial building?
Are you a small business owner, worried about how you're going to fit in your current lease space? Maybe it's too small, maybe it's too big, and maybe your space could provide an additional source of revenue to your business!
Finally, what special milestone is the Crushing Debt Podcast celebrating with this episode?
Shawn & George have talked before about the pros and cons of owning versus leasing when it comes to your primary residence and your car, but today, we talk to Paul Neal, author of the book "Un-Lease Your Business: Unlock Wealth, Autonomy and Control By Buying Your Building and Firing Your Landlord." Paul is a commercial real estate financing expert specializing in guiding business owners just like you to buy their first piece of commercial real estate.
George and Shawn talk to Paul about owning versus leasing, business credit, the availability of space for your business, and other related topics. You can find Paul, and get a copy of his book at: www.OwnYourBuildingNow.com, or on Amazon.
As we celebrate George's two-year anniversary as co-host of the podcast, let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsor, Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.
Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt
To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach
To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. We are proud to have raised over $12,000 to support Pancreatic Cancer research and education. Although the Purple Stride walk is over for 2024, there's still an opportunit to join Shawn's team for next year's walk and to continue to support the families impacted by this terrible disease. Visit MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08