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I talk to Andrea. A single mother who, for the very first time, is coming into her own financially speaking.
Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved.
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How to protect your financial privacy.
Let’s start at home:
Shredders –
$45. Cross Cut not strip cut. Don’t let it pile up. What to shred? Bank statements, documents with acct #’s, SSN, picture ID. Once trash is on the curb, it’s open game.
VPN – Virtual Private Network
vyprVPN software. Free download, 3 days free. Low monthly fee. Fast install on desktop or mobile. Masks your IP address (street address of your computer). Blocks malicious sites like virus protection software. 100% Anonymity online? No. But greatly increased security and privacy. Bank app iPhone check deposits. Use it with VPN software installed on your mobile device.
Out in the world:
At The Bank –
Don’t write acct # on piece of paper and then throw it in the trash. Dumpster divers. People look over your shoulder. Cameras on phones. If you speak your SSN, lower your voice. Don’t lay any docs down and walk away even for a second. Direct deposit, can still get to know your local bank.
Personal story:
I’ve had my Visa Debit card # stolen at least once or twice in 18 yrs. Card Security Services called to verify transaction and I canx the card. $350 charge in CA.
Closing:
Financial Privacy is your responsibility. Not paranoid, just increased level of awareness. Use a PO Box for physical mail.
Resources:
VyprVPN (VPN software)
Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved
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What Would your Grandparents Do, financially speaking?
Leave a legacy, not just an inheritance. Talk to your kids/grandkids about money. Make it normal conversation at the dinner table, etc. Remove the emotion from the equation.
Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved.
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Do your kids have a say in the financial decisions of your household?
The importance of turning 18 years of age in The USA.
Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved
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Has anything changed for you financially since the election? Are we really in a recovery?
Topics:
Credit Cards
Student Loans
Consciously raising kids who understand money
Questions:
Are we really in a recovery?
If Congress borrowed more money this year than last and tax revenue is down, how are we in a recovery?
Get Your Mind Straight. Get Your Money Straight
Copyright 2018, Debt Shepherd, All Rights Reserved
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Today I discuss a real estate closing fiasco of an old friend and how you can avoid it.
Late 2016 sold house, moved back to CA.
Closing attorney ordered payoff 1st but not 2nd mtg. Closing attorney said “2nd mtg was included in the first mtg payoff.”
Months later, friend got notice from HUD – owe $11k. Consulted an attorney. Now making mo. pmt $200 to 300 to HUD.
Their buyers attorney contacted them. We payoff 2nd, you borrower $9k from us, do you have any collateral?
Buyer is trying to either refinance or sell and can’t. Doesn’t have clear title. Title clearly shows 1st and 2nd mtg. Seller’s attorney screwed up big time.
Seller pocketed enough to pay the $11k at closing but wasn’t aware of it. Ultimately responsible.
Lesson?
Know who you owe. Read CD, look at who is being paid off. If you write two mo. mtg pmt checks, both lenders should be in the payoff section.
Credit score hurt if HUD reports to credit bureaus.
Resources:
What is a closing disclosure?
Get in touch:
Comments, Questions, or need coaching?
Contact
Get Your Mind Straight. Get Your Money Straight
2018 Debt Shepherd, All Rights Reserved
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Do you take your debts with you when you die?
This show topic is inspired by a text from a listener and former student of Debt Shepherd. Brenda G. on the east coast of The US.
who asked, “Is there a metaphysical relationship between death and debt? Do we carry debt over into the next realm?”
1) Do we carry debt over into the afterlife? Karma. Do unresolved issues stay with us if/when we are reborn?
Is our thinking about money, abundance, etc formed after we get here? Or is it part of the part of us that isn’t physical, that we already were before our bodies showed up?
2) Credit Cards and The Rapture
Co-worker in mortgage business once said, “I’m not worried about paying off my credit cards. The rapture is near and when Jesus comes, I’m outta here.” That was about 10 yrs ago. I’m not sure he still has that outlook, but it’s interesting nonetheless.
Closing:
As far as karma goes. What comes around goes around is a good adage in the here and now regardless of our thoughts, feelings, around the afterlife.
I don’t recommend an attitude toward debt of, “Screw it, when I die I don’t have to pay these debts/bills.” I say clean it up best you can while you’re here.
Ever treated an old, unpaid debt like death? You put it out of your mind for a while but it keeps coming back to bother you. You’re afraid the debt collector will come calling some day when least expected, kinda like the grim reaper?
Irony. Word Mortgage. Mort means death. MORTician, RigorMORTis. MORTgage. The word debt kinda sounds like death a bit. Think about it.
Resource:
debtshepherd.com
Get Your Mind Straight. Get Your Money Straight.
Debt Shepherd 2018, All Rights Reserved
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What are you standing so close to that you no longer see?
Todays episode title idea via Michael Tsarion @ unsalved.com
When something is so close to me, I don’t see/appreciate it anymore.
Can’t see the forest for the trees. The forest is invisible to me due to my proximity/distance to the tree directly in front of me. Tunnel vision.
1) What am I focusing on that is causing me to miss what else is around me? My paycheck is too small. My boss is a jerk. My co-workers don’t understand me, etc. All the while not seeing this is how I feed, clothe, and provide for my family.
2) What am I looking at every day, while not seeing it, that is causing me to no longer appreciate it’s beauty, quality, character, potential? Stand in the mirror. Negative body image? Why?
If all you see is weight, you’re missing the amazing things your body does for you.
Closing:
I’m not saying accept/tolerate what you don’t agree with or accept.
Too much weight? Change your diet.
Not making enough money? Increase your value to the company and negotiate more pay.
Too much debt? Stop spending and pre-pay existing debts. Car payment depress you? Forgetting that car gets you to work every day so you can eat, sleep comfortably, live your life.
Resource:
unslaved.com – Michael Tsarion
Get Your Mind Straight. Get Your Money Straight.
Debt Shepherd 2017, All Rights Reserved
