Archives For Education

119 DSR – Drink from Your Own Chalice

July 15, 2013 — Leave a comment

chalice

PODCAST AUDIO – click to listen

Definition:
Chalice – Vessel or cup. Container for liquid.

Famous example:
Holy Grail – Tradition says Jesus used the cup at the Last Supper to institute Mass. Other stories claim that Joseph of Arimathea used the cup to collect and store the blood of Christ at the Crucifixion.

What does a cup do?
What is it’s purpose?
What’s most important? Cup or contents?
Half empty, half full? Does it quench my thirst?

Drink from your own chalice analogy:
Drink from your own cup
Draw from your own wisdom
Dip your bucket into your own well
You are the source of your abundance
You are the source of your wisdom

And so it is with money and borrowing it:
Stop looking outside yourself for your abundance

Resource:
AstralQuest.tv

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

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In Education, Money, Psychology, Spiritually Speaking , ,
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111 DSR – Ugly Math (Credit Scores)

May 17, 2013 — Leave a comment

credit score

PODCAST AUDIO – click to listen

In this 111th episode I talk to Oscar Smith about the ugly math of credit scores.

Questions:
Who’s responsible for what’s on your credit report?
Is using credit reports to screen job applicants considered discriminatory?
What factors are used to determine your credit score?

The bottom line is credit reports aren’t going anywhere anytime soon. The better your scores, the better price you get when borrowing money and paying rates of, for instance, car insurance.

Your credit score is not who you are as a person. All a high credit score means is this:
You’re good at going into debt and good at paying interest to the bank. Is that something to be proud of? You decide.

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

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In credit, Education
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107 DSR – Ugly Math

May 6, 2013 — Leave a comment

calculator

PODCAST AUDIO – click to play

Title pawn loans, pay day loans, rent-to-own. They all practice what’s called Ugly Math. You pay ridiculously high fees and rates of interest.

In this episode I sit down with Oscar Smith and we discuss what ugly math is, how to avoid it, and why it’s important. Oscar and I are working to make ugly math a weekly episode.

Resources:
Oscar Smith

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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In Education, Money, Psychology, The Basics, The Economy , ,
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103 DSR – Rebecca from Germany – Interview

April 20, 2013 — Leave a comment

German_Flag

PODCAST AUDIO – click to listen

In this 103rd episode about personal finance, I talk to Rebecca from Germany. She shares her insight about debt elimination and what it’s like in Germany compared to The United States.

Interview questions:

Who is Rebecca?  Tell me about yourself.

What got you interested in learning more about finances?

When did you decide to make changes?

Where do you see yourself financially in 5-10 years?

Why do you think so few Germans understand personal finance?

Resources:
coursera.org – Fundamentals of Personal Financial Planning
Dave Ramsey

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

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In Education, Interviews, Motivation, The Economy , ,
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101 DSR – How to Find Extra Money in Your Budget

April 12, 2013 — Leave a comment

Magnifying Glass

PODCAST AUDIO – click to play

Looking for a little extra money each month? Who isn’t, right? Before you look at a part time job, work more hours, or ask for a raise take a look at your household expenses. Is there any money leaking out? In other words, are there some things you could stop spending on and not go into cardiac arrest as a result?

I recently shaved $130 off my budget by making a few small changes. You can too.

1) Switched car insurance. Cut my cost in HALF. No decrease in coverage, same deductible.
2) Discontinued an E-zine subscription. I still get the news story headlines and overview.
3) Cancelled subscription for internet radio. I still get air time of 30 min/day instead of 2 hrs.
4) Cancelled a satellite radio subscription. Had two radios, now we share the remaining radio.

Grand total in monthly savings? $130. I just got a raise. That’s money that was being paid out that is now staying in my pocket. What’s the bid deal, $130/mo? Let’s see what you could do with that money:

1) Pre-pay a $100k mortgage. Pay it off about 7 yrs. faster. Can you say early retirement?
2) Make a car payment for some wheels you really need.
3) Pre-pay that student loan that’s been following you around like a bad odor.
4) Start a small business.
5) Save the money.

We’re talking about repurposing some money. Decrease what’s going out and put it to better use. Absolutely nothing in your spending plan that can be adjusted? Really need more money to get something going? Then explore a part time job or work more hours at your current job.

Resource:
Dan Miller – 48 days

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

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In Education, Money, The Basics , ,
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097 DSR – Hourly Wage vs Your Value

March 29, 2013 — Leave a comment

The Art of Exceptional Living

PODCAST AUDIO – click to listen

We recently got an email from a listener named Rebecca in Germany and she writes:

“Hi Greg,
I am 38 yrs. old, from Germany and have started listening to money advice since last autumn, starting with Dave Ramsey and then also including you and Money Girl and some others. Due to this advice I am working on getting debt free by the end of 2013, which is pretty much likely to happen if i continue like I do currently. 

My debt was in student loans and a bank credit. I am paying the minimum payments now since many years and since I had health problems in the past that was ok. But now I am determined to get out of debt asap. In July I will have paid off the bank credit and the student loan will follow.”

In this 97th episode of Debt Shepherd Radio, I talk about the difference between what you’re paid per hour and your true worth. If you’re determined to pay off your debt, as Rebecca is, here’s a few questions to keep in mind as you push toward your goal:

Your Hourly Wage – What is it?
Your Value – What is it?

What’s the difference between the two?
Why care about the difference?

Resource:
The Art of Exceptional Living by Jim Rohn

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

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In Education, Money, Motivation, Psychology
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093 DSR – When Money Doesn’t Matter

March 8, 2013 — Leave a comment

quarter

PODCAST AUDIO – click to listen

What if you never had to work for money?  Imagine a life where all your needs are met.  You have all the money you’ll ever need to do whatever you choose.

Get lack of money off your excuse list.  The best thing you could ever do is become extremely wealthy. You’d quickly realize money isn’t your problem.

Resources:
The Man Who Quit Money
oppt-in.com

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

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In Education, Money, Motivation, Psychology
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091 DSR – In The Money – OPPT

February 26, 2013 — Leave a comment

Screen Shot 2013-01-22 at 6.14.10 AM

PODCAST AUDIO – click to listen

An OPPT update. These times they are a’ changin’! Get over to
oppt-in.com and check out the latest. All corporations, governments, and banks have been foreclosed on world wide. They are money slavery systems and their time has come to an end.

Imagine a world where borrowing money is no longer necessary, wanted, or needed. Imagine a world where you no longer have to work to live. Imagine a world where all wealth is equally distributed to each human on the planet.

Resources:
oppt-in

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

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In Education, OPPT ,
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