Archives For how to get out of debt fast

039 DSR – Interview with Dr. David Tubens

August 14, 2012 — Leave a comment

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Guest
Today we interview Dr. David Tubens. He’s a metaphysical practitioner and ordained minister. We discuss a bit of his life story. He reminds us that psychology can only take us so far. The spiritual aspect of life needs attention too.

David comes from humble beginnings and shares some of his story of growing up on the streets of NY and being homeless at one point. He was a 7th grade drop out who earned a GED and later became a police officer.

Wanting to study psychology and work for the FBI, he eventually realized helping people with the spiritual aspect of their lives was more fulfilling.

We discuss his counseling practice, the difference between new thought and new age, and are reminded that if you want to change it’s gonna take effort on your part! No hand holding here. Of course, true to Debt Shepherd form, we tie it all in and explain how you can apply your spiritual practice to your financial freedom endeavors as well.

Resource:
David can be found at YourLifeRenewed.org link
Or you can email him: Dr Tubens

Action:
Be aware of the words you use. They are creating your world.
Take 100% responsibility for your life. You have the power to change it.

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

In Psychology, Spiritually Speaking , ,
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038 DSR – Talking About Money: No More Secrets

August 10, 2012 — Leave a comment

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Talking

Show Notes:
What was the money talk when you were growing up?
How do you discuss money with your spouse or partner?
Financial illiteracy is killing America.

Reference:
Financial illiteracy is killing America article

My Response to the above article:
I enjoyed the article. Financial illiteracy is a problem. Have we been dumbed down by technology? Are we producing generations of drooling zombies via TV? Has the intellectual financial backbone of this country become arthritic?

I’ve been an ambassador for financial literacy since 2006. Thank you for taking the fight to your readers and telling them in no uncertain terms ignorance is the problem. I’m very disappointed the bottom of the first page of the article says “sponsored by Visa.”

The last page of your article refers to people as “consumers.” This word means to use up or destroy. Do we believe we’ll never have enough?

Once we realize our happiness and source of life is within ourselves and not in what we can buy with worthless, paper debt instruments (dollars), we’ll once again rise up individually and as a people and discover our true power is within.

Action:
Start a conversation about money at home.
Listen to money talk at work, church, etc.

Personal finance education starts with you.
Ignorance just means lack of knowledge and can be remedied.

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email

In Education, Money , ,
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037 DSR – Pay Off Your Mortgage Faster

August 10, 2012 — Leave a comment

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mortgage
Show Notes:
When do you pre-pay?
Why do you pre-pay?
How do you pre-pay?

Example:
$100,000, 30 year loan
3.5% interest, $450/mo payment
$61,000 interest paid
You pay back $100k PLUS $61k.
That’s not a 3.5% interest rate.
That’s a 61% interest rate.
It’s only a 3.5% interest rate if you pay back the entire balance borrowed $100k in the first year.

The below numbers are approximate:
$100 month difference
Turn 30 yr loan into a 21.5 year loan
8.5 years saved
$18,800 interest saved.

$200 month difference
30 into a 17 yr loan
13 years saved
$28,600 interest saved

$300 month difference
30 into 15 yr loan
15.8 years saved
$34,700 int saved

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg anemail

In Mortgage , ,
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036 DSR – Personal Finance Education 101

August 7, 2012 — Leave a comment

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Personal-finance

Show Topics:
Debt is stealing your wealth.
How to get started getting out?
Don’t worry about your credit score.

Action:
Complete the Put It On Paper worksheet
Pick your smallest balance debt, pre-pay it using 10% of your net income.

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

In The Basics , ,
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035 DSR – Why Welfare Doesn’t Work

August 4, 2012 — Leave a comment

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“The difficulty is that in many ways our welfare systems and philanthropic bodies are geared in the opposite direction – people are defined primarily by what they lack, and they will be very grateful and cooperative, but otherwise passive, when that is provided. Moreover, they quickly learn that to get more help the quickest and most efficient route is to display more problems.” – The Co-Production Principle & Time Dollars – a report by David Boyle

Questions:
Why doesn’t welfare work?
Does it empower people?
Why do you feel guilty?

Resources:
The Co-Production Principle & Time Dollars – a report by David Boyle

Action:
If someone asks for money, engage them to become a co-producer.

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

What you send may be read on the air and used as part of the show.

In The Economy , ,
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034 DSR – Time Banking: Discover Your Hidden Resource

August 3, 2012 — Leave a comment

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What is time banking?
exchanging an hour of your time providing a service, skill, etc. You earn a “credit” of one hour in your time bank account. You can then “spend” that 1 hour credit to receive a service, skill, etc. from another.

Replacing Currency
Is it possible?
Will the economy collapse?

Building sustainable communities
Value for equal value

Questions:
What is money?
Why do we work for X dollars/hour?
Who invented this system?

Alternatives:
Bartering (trade for trade)
debt elimination

Resources:
timebanks.org
Time Dollars – By Edgar Cahn and Jonathan Rowe. This is the earliest book written about Time Dollars. It explains how the things we used to do for one another have turned into things we have to buy and introduces you to Time Dollar pioneers who have lead the way out of our money bind.

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

What you send may be read on the air and used as part of the show.

In The Economy , ,
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033 DSR – Same Sex Marriage Uproar

August 2, 2012 — Leave a comment

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News Update from latimes.com/business
Chick-fil-A same sex marriage story

Questions:
Same sex marriage legal?
Same sex marriage moral?
Why do politicians use it to get your vote?

Action:
Ask yourself why does this story interest me?
Ask yourself why do I feel the need to label others?
Have a discussion about the issue with real human beings, not on Facebook or twitter.

Recommendations:
Rely on your own values, not those of your pastor, parents, politicians, etc.
latimes.com/business

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

What you send may be read on the air and used as part of the show.

In Money News , ,
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032 DSR – Too Much Information

August 1, 2012 — Leave a comment

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There’s is a time when gathering too much information can hinder us.
Don’t get stuck in paralysis of analysis as the old saying goes.

When asking for advice, especially financial advice, don’t get it from someone who is dead broke.

It’s better to take action now, even if it doesn’t work out. Get some momentum going, move forward and make corrections as you go.

Ready, set……., Ready, set……..isn’t where you want to stay.
Read, set, go is where you want to be.

Reference:
“We’re educated way beyond our level of obedience.” – Joyce Meyer
Paraphrased to: We’re educated way beyond our level of taking action.

Questions:
How many books do we need to read? (before we take action)
How many seminars do we need to attend?
How much advice do we need to ask for?

Action:
Stop gathering information.
Take an action step.
Don’t worry if it’s right or wrong.
Getting started is the important thing.

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

What you send may be read on the air and used as part of the show.

In The Basics , ,
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