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

Podcast production and show notes provided by HiveCast.fm

Dr. Dan Elmore, a recent graduate of Logan College of Chiropractic, has an overwhelming amount of student loan debt. Before meeting host Dr. Chris Heeb, Dr. Elmore believed like most doctors, that he would be in debt for the majority of his life. It wasn’t until he was introduced to the financial GPS that Dr. Elmore was able to envision a different life. Prior to graduating, Dr. Elmore knew down to the day when he would be debt free and he has since been able to enjoy his practice and plan for the future of his dreams.

Today, interest rates on student loans are more expensive than owning a home. This is why it is important for any graduate student to have a financial game plan before they enter the workforce. Even though he has several hundred thousand dollars of student loans, Dr. Dan Elmore is on track to have them paid off quicker than anyone else he knows. In less than 10 years, Dr. Elmore will be able to fulfill his dreams of owning an RV and traveling across the country with his wife and their dogs. And according to him, none of this would be possible without the financial GPS. 

Tune into this episode of Debt Dr 911 to hear Dr. Dan Elmore’s experience with the financial GPS. Learn more about how you can use this tool to accelerate the pay off of debts and free up more discretionary income so you can rid yourself of financial burdens for good.

Quotes:

• “Those who spend 30 or more years paying interest on mortgages, cars, credit cards, etc, are simply making the bank rich.” (04:17-04:25)
• “When you no longer have to make interest payments to the bank, the possibilities for building wealth are endless.” (04:48-04:52)
• Today, interest rates on student loans are higher than house payments.” (26:15-26:18)
• “If you fail to plan, plan to fail. If you're an MD then you plan pretty well so why not see if we can try this plan out.” (29:05-29:15)
• “I want all these things that require freed up cash flow and I'm going to have that before 10 years while most other students are fretting about where they are even going to start.” (31:53-32:05)

Links:

www.slpayoff.com

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

At age 25, Catalina Kaiyoorowongs, Founder & CEO of MyLoanSense, was denied a home loan despite having an 800 credit score. Unfortunately, the only answer the lender could give Catalina was that her student loans were too high. If it weren’t for her prior knowledge in policy, Catalina would have been wrongly convinced that she would have to delay home buying for several more years. Today, she is passionate about educating others on how to save money and reduce the burden of student loans.

Homeowning is one of the best things someone can do to build wealth, but because of today’s high student loan rates, people are delaying the home buying process for over 5 years. After her experience in 2014, Catalina has made it her mission to solve the largest pain point of our generation through partnerships and policy. Catalina’s company MyLoanSense is digital student loan advising that's designed to turn loan debt into equity building mortgages. Through her philosophy, Catalina’s clients save 20x more than they would by calculating their payments on the federal government's website.

Don’t let your education get in the way of building the future of your dreams. Tune into this week’s episode of Debt Dr 911 to learn how you can  minimize payments, maximize forgiveness and diminish financial stress caused by student loans, 

Quotes:

• “I don’t believe an education should hold us back from wealth building.” (16:53-16:57)
• “Student loan debt is delaying home buying by 5 years.” (17:12-17:17)
• “80% of our wealth comes from the value of our home, and now we're losing five years of equity building.” (17:38-17:44)
• “The greatest planner to get is one that understands how to solve the greatest pain point you have.” (33:57-34:03)

Links:

Go here for Free Student Loan Analysis - www.slpayoff.com

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

“The great thing about the program is that once you have it, you have it for life,” says Carlos Gutierrez, a satisfied customer of Money Max Account. On today’s episode, your hosts Dr. Chris Heeb and financial expert Richard Schaffer, sit down with Carlos to discuss how the financial GPS has saved him and his family from drowning in debt. 

When Carlos was introduced to the program almost a decade ago, he never imagined being able to get out of debt. Barely scraping by month-to-month, the bank put him on an 8.6-year plan to get out of debt. After meeting host Richard Schaffer, Carlos was able to be debt-free in under TWO YEARS! Not only has this system worked well for Carlos, but over the course of the last year, the financial GPS saved his wife from almost 100k of student debt!

If it worked for Carlos, it can work for you! Don’t wait any longer, get online to get your free payoff analysis now and tune into this week’s episode of Debt Dr 911 to find out how you can eliminate your debt in as little as a few years. 

Quotes:

• • “The plan I was on with the bank, I was going to be done in 8.6 years and what I was actually able to do was be debt free in 1.8 years.” (08:28-08:38)
  • “I ran my wife’s analysis with the company and she was able to knock out $75,000 of an almost $100,000 balance.” (12:18-12:28)
  • “We were able to reduce her payment from nearly $1,000 a month to only $165 a month. Freeing up almost $800 in discretionary income and for us, that’s a game changer.” (16:18-16:34)

• “The great thing about the program is that once you have it, you have it for life.” (18:03-18:06)

Links:

To follow our podcast please go to DebtDr911.com 

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

Student Loan Payoff - www.slpayoff.com

Please give us a 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

Podcast production and show notes provided by HiveCast.fm

It is no secret that the last 18 months have been a large financial stressor for most Americans. With the pandemic causing high rates of unemployment, the government stepped in to temporarily ease financial burdens by allowing a period of forbearance programs for mortgages and student loans. But the truth is, prior to the pandemic, the vast majority of Americans were already in a financial crisis. Today, your hosts, Dr. Chris Heeb, and financial expert Richard Schaffer discuss how to avoid the pitfalls of the pandemic by planning ahead for financial success. 

With forbearance programs coming to an end, many Americans are scrambling to dig themselves out of the financial hole they fell into. There is no doubt that the pandemic is affecting financial insecurity and there are real reasons to be scared! From buying a house, or a car, or living a life free from financial strain, Richard explains that the debt to income ratio affects just about every decision a person makes. This is why it is important to take advantage of the opportunity to automate your finances and get out of debt in record time. And believe it or not, there are viable solutions to your financial dilemmas.

Don’t wait until it’s too late, get ahead on your finances NOW! Tune into this week’s episode of Debt Dr 911 to find out how you can alleviate fiscal pressure and avoid the future financial pandemic that's to come. 

Quotes:

• “He who has the gold makes the rules, and possession is nine-tenths. That is the reason that banks and financial institutions are the biggest buildings in any city, in any state, in any country of the world.” (08:23-08:35)
• “The bottom line is, though, prior to all of this craziness in the world,  the American households were still not able to handle unexpected bills. We were still not saving enough money and we were still putting ourselves in a position for failure.” (10:08-10:27)
• “For people in their 30s and 40s, the biggest financial insecurities tend to be centered around debt, including student loans, childcare costs, and home mortgages. They found that as a result, the debt to income ratio is around 136% for that age group.” (19:19-19:38)
• “Automating your finances can not only be a smart money move but can also alleviate some of the stress surrounding payment deadlines.” (33:06-33:16)
• “The number one reason most people are not adequately insured and aren’t saving or investing aggressively enough for college, retirement. etc., is because they do not have enough money. And the number one reason they don't have enough money is because they're typically drowning in debt service.” (36:35-36:48)

Links:

To follow our podcast please go to DebtDr911.com 

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

Please give us a 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

Podcast production and show notes provided by FIRESIDE Marketing

In the early stages of the COVID-19 crisis, it seemed almost inevitable that the housing market would see a crash. In fear of history repeating itself, the government came to the assistance of the millions of Americans who lost their jobs due to the pandemic. The increase in government assistance coupled with historically low interest rates has encouraged many people to either buy expensive homes or stop paying their mortgages altogether. As government aid comes to an end, most Americans will find themselves underwater. In today’s episode, your hosts Dr. Chris Heeb and financial expert Richard Schaffer discuss how to survive the future financial storm. 

Starting on September 30th mortgage forbearance programs are going to come to an end. According to host Dr. Chris Heeb, a striking amount of his clients have not prepared themselves for this. This is why it is critical to get a game plan in order to endure the effects of the last year and a half. While it is unlikely that we will experience a recession as devastating as 2008, there are several factors to be concerned about. According to Richard Schaffer, the best way to prepare yourself for what's to come is to go back to the basics. Look at your bank statements, see where you spend your money, and where you can decrease spending. You would be surprised how the impact that small amounts of money can have over a long period of time. 

While the future is full of uncertainty, there are many things you can do to protect yourself and your family financially. Tune into this week’s episode of Debt Dr 911 to learn more!

Quotes:

• “A crash in the housing market seemed inevitable during the early weeks of ‘the COVID-19 recession’ but that bust didn’t come to fruition, in fact the opposite happened.” (01:55-02:09)
• “The government has announced they are going to stop buying back bonds.  The average person doesn't really need to understand what that means, but indredclty helps to subsidize rates so it makes things more affordable.  (06:38-06:52) 
• “People need to wake up and recognize that whatever debt they have is costing them a heck of a lot more based on the principle they pay down.”  (16:02-16:13)
• “It’s the small amounts of money compounded over a long period of time that makes a massive impact.” (22:10-22:16)

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

Podcast production and show notes provided by FIRESIDE Marketing