Hey, it's our first episode of our mini podcast. This is a bite size segment that addresses key steps on how to turn your debt into wealth thus cancelling years of debt payments and saving tens of thousands of dollars in interest. Mortgages, Credit Cards, Debt, Banking secrets, Keys to wealth, steps for financial success; I dive into the hidden truths behind some of our everyday choices that could not only be keeping us in debt but even preventing us from becoming wealthy.

Quotes

• “Ever Wonder Why Banks Are In the Business of Lending Money? One word: Interest. Banks make a huge portion of their money by charging you interest on your loans. So, the lower your interest rate, the better. Right? Well, yes, but that’s only half of the equation — unfortunately, it’s not that simple.” (01:15-01:34 | Chris Heeb, The Debt Doctor)

• “The more money you owe the bank, the more your interest volume will be. Even with a rate as low as 2.99%, depending on how much you owe, up to 60% of your monthly payments could be dedicated to interest.” (02:06-02:19 | Chris Heeb, The Debt Doctor)

• “Debt is like a dark cloud of financial pressure and stress that follows you wherever you go. This is especially true when you live paycheck to paycheck, which, as of 2021, 54% of Americans do.” (04:10-04:22 | Chris Heeb, The Debt Doctor)

• “Discretionary income is the amount of money you have left over after paying for necessary expenses and debt service. Financial advisors recommend people do this — As of July 2021, only 25% of Americans say they have no emergency savings at all, according to a new study from Bankrate.” (06:01-06:19 | Chris Heeb, The Debt Doctor)

Links

To follow our podcast DebtDr911 and Financial Secrets for Financial Freaks In Less Than 15 Minutes please go to DebtDr911.com 

To schedule a FREE Payoff Analysis please go to MoneyMaxNow.com 

Please give us visit, like, or follow us on social media:

Website – www.NoDebtNoMore.com

Facebook Page – https://www.facebook.com/stldebtdr

Twitter - https://twitter.com/DebtDoctorStL

Instagram - @thedebtdr

LinkedIN - https://www.linkedin.com/in/debtdr/

“The bulk of the interest is in this first seven years of the mortgage. Well, guess what? Average holding period for most Americans in their house is seven years. The seven year itch, right? How convenient is that? If you're the bank, you love that system” says our guest financial expert Doug Barkey. According to Doug, the average American is unknowingly paying thousands of dollars each year to large financial institutions when they have the traditional 30-year mortgage. In this episode, we discuss the importance of banking like a bank to positively affect our personal outcomes. 

As the old saying goes, time is money! That’s especially true for debt payments. Even if you’re a smart spender, a few wrong turns could quickly leave you in a bottomless pit of debt. Even if you do find your way out, you’ll have paid thousands in unnecessary interest payments straight to the bank.  But don’t panic! We’ll let you in on a little secret… There’s a way to get out of debt AND build wealth simultaneously.

Tune into this week’s episode of Debt Dr 911 to learn tips on saving money, how to get rid of unnecessary spending, and how to start planning for your future of financial freedom. And, enjoy the interview with Financial Expert Doug Barkey

Quotes

• “And of course banks are gonna tell people that it's great to have debt because guess what? It's a one way relationship. If they over-leverage, they can get bailed out every single time.” (08:46-08:48 | Richard Schaffer)

• “One of the number one reasons that businesses and self-employed people go out of business is they don't understand the difference between gross and net..” (13:55-13:59 | Richard Schaffer)

• “So you can hit the ground running for 2022 and hopefully prepare yourself what we fear quite frankly is this upcoming storm.”  (19:20-19:26 | Richard Schaffer)

Links

To follow our podcast please go to DebtDr911.com 

To schedule a FREE Payoff Analysis please go to MoneyMaxNow.com 

Please give us visit, like, or follow us on social media:

Website – www.NoDebtNoMore.com

Facebook Page – https://www.facebook.com/stldebtdr

Twitter - https://twitter.com/DebtDoctorStL

Instagram - @thedebtdr

LinkedIN - https://www.linkedin.com/in/debtdr/

LinkedIN Biz Page -https://www.linkedin.com/company/debtdoctor911

“It's really important that we understand that all the financial systems are rigged against the average person,” says host and financial expert Richard Schaffer. According to Richard, the average American is unknowingly losing thousands of dollars each year to large financial institutions. While we cannot control things like interest rates or inflation, we can begin to bank like a banker and affect our personal outcomes. 

The unfortunate reality is that most American families are losing over 3% of their annual income, making this the highest rate of inflation in over 30 years. It is important more than ever for you to be controlling your money and how you spend it. Richard tells his clients that a simple way to decrease spending is to take a look at bank statements from the last 90 days and evaluate where money is being wasted. Richard explains that you would be surprised at how much money you could save each month just by cutting back a little. 

You don’t need to force yourself into a hardcore restrictive budget when saving money could be so much easier! Tune into this week’s episode of Debt Dr 911 to learn tips on saving money, how to get rid of unnecessary spending, and how to start planning for your future of financial freedom. 

Quotes

• “Life doesn't stop, and it's imperative that we really start to begin to make the timing right, because time is not on our side.” (03:20-03:28 | Richard Schaffer)

• “It's really important that we understand that unfortunately when it comes to money, all the systems are rigged against the average person.” (05:22-05:29 | Richard Schaffer)

• “Get an accurate, honest accounting of where your money's going.”  (12:56-12:59 | Richard Schaffer)

• “Pay yourself first and spend what's left. Don't spend first and then save what's left because guess what will be left? Nothing.” (19:35-19:41 | Richard Schaffer) 

• “Get out of low ownership of your money and get into ownership of your money.” (20:49-20:53 | Richard Schaffer)

Links

To follow our podcast please go to DebtDr911.com 

To schedule a FREE Payoff Analysis please go to MoneyMaxNow.com 

Please give us visit, like, or follow us on social media:

Website – www.NoDebtNoMore.com

Facebook Page – https://www.facebook.com/stldebtdr

Twitter - https://twitter.com/DebtDoctorStL

Instagram - @thedebtdr

LinkedIN - https://www.linkedin.com/in/debtdr/

LinkedIN Biz Page -https://www.linkedin.com/company/debtdoctor911

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