Archives For The Economy

The Retirement Gamble – 218 DSR

July 23, 2016

Podcast: Play in new window | Download

Why a 401k might not be the great investment you’ve been led to believe.

I’m a guest of Jon White, author of the book:
A Tale of Two Houses – his journey of buying a home the right way after buying one the wrong way.

What’s covered in this audio:
What’s happening to your money when you give it to Wall Street?
How annual fees are stealing your future wealth.
The less work you do investing, the less profit you make.
The take away? 401k investing might not be what you think it is.

Resources:

Jon White – website
The Retirement Gamble – PBS documentary
How Wall Street Fleeces America – book
Wall Street on Parade – website

Get Your Mind Straight. Get Your Money Straight
Debt Shepherd 2016, All Rights Reserved

In Education, Government, Interviews, Personal Finance Education, The Economy , ,
permalink

The Creature From Jekyll Island- 208 DSR

February 13, 2016

Podcast: Play in new window | Download

Jekyll Island

One of the most important books you’ll ever read about the mysteries of money.

This books reveals:
Where does money come from? Where does it go? Who makes it? The money magicians secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money.

Resources:
The Creature from Jekyll Island
Optimized Self
Narco Dollars For Dummies

Get Your Mind Straight. Get Your Money Straight
2016 Debt Shepherd, All Rights Reserved

In Behind The Scenes, Money, Personal Finance Education, The Basics, The Economy , ,
permalink

181 DSR – Interest Rate Myth

May 9, 2015 — Leave a comment

Podcast: Play in new window | Download

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

In credit, Money, Mortgage, The Economy , ,
permalink

178 DSR – Shelly from Missouri – Interview

April 18, 2015 — Leave a comment

Podcast: Play in new window | Download

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

In Money, Self Employed, The Economy , ,
permalink

167 DSR – Spending Money Into Existence

June 26, 2014 — Leave a comment

Podcast: Play in new window | Download

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

In Money, Motivation, The Basics, The Economy ,
permalink

158 DSR – The Economic Evil That Men Do

April 11, 2014 — Leave a comment

Podcast: Play in new window | Download

liberty

When you choose to remain ignorant about how money really works, you are actually part of the problem. You can become part of the solution.

Quote:
“The world is a dangerous place to live, not because of the people who are evil, but because of the people who don’t do anything about it.” ― Albert Einstein

Resources:
HiddenSecretsofMoney.com
How Wall Street Fleeces America – by Stephen Lendman

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

In Behind The Scenes, Education, Government, Money, Psychology, The Basics, The Economy , , , ,
permalink

156 DSR – Family Based Lending

March 27, 2014 — Leave a comment

Podcast: Play in new window | Download

Family-money

1) If we’re going to borrow money, why from a bank?
2) Why not from a family member?
3) Not having the money to lend is why we don’t.
4) Knowing people’s business is why we don’t.

– Draw up a promissory note. Take collateral (if possible). If a family member is irresponsible, don’t lend. If you borrower from a family member, pay it back. Don’t assume you don’t have to and it’s OK just because it’s family.

– Decrease dependency on banks (strangers), keep wealth in the family/community, teach each other to save/build wealth. Stop giving money to corporations that don’t care about you (Wall Street).

Resource:
kiva.org (micro lending around the world)
Lending Club
Prosper

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

In credit, Money, Self Reliance, The Economy , ,
permalink

155 DSR – Reaction Economy

March 20, 2014 — Leave a comment

Podcast: Play in new window | Download

reaction

1) Listening to mainstream media and making decisions based on what you hear.

2) A seeming “emergency” comes up and you react by using credit cards to handle it.

3) The emotional stress the two can cause and why. Fear of the unknown. Loss of control. Anxiety.

Resource:
GoldSilver.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

In Money, The Economy , ,
permalink