POM048: Paying off $1Million in Debt with Naseema McElroy

In this episode, I talk with Naseema McElroy about how to plan to pay off debt and how to start investing. We discuss creating a real plan to pay off a large amount of debt what is zero-based budgeting and how to use it how to stay motivated during your debt elimination journey the next steps after eliminating debt how to start investing   Naseema McElroy Naseema is the founder…

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POM046: The ABCDs of Debt Elimination with Simone Dennis

In this episode, Simone Dennis walked us through tips and techniques to eliminate debt. We discussed: that ABCD technique of debt elimination what lifestyle inflation actually look like tips to stay motivated while getting used to a new budget how to stay out of debt when it’s a good option to use a credit card   Simone Dennis Simone Dennis is a personal finance blogger, who paid off $80,000 in debt.…

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POM045: A $100,000 Journey to Debt Freedom with Ericka Young

Debt is something the majority of us have. When you’re married and working to pay off debt, this adds another element. You have to work as a team with your spouse. However, how do you get on the same page and work together to pay it off?  Having the right information, tools, resources, and strategy is important to be able to effectively pay off that debt as soon as possible.…

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POM032: The Journey to Saving 50% of Income with Cait Flanders

In this episode, Cait Flanders discussed paying off $28,000 of debt. She also goes into detail about her year of less where she did a no shopping ban and journeyed to saving 50% or more of her income every month. We discuss: the steps to eliminate debt the one question that got her to save 50%  of her income exact steps to get started   Cait Flanders: Cait Flanders is a…

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POM031: Paying off $47,000+ of Debt in 10 months with Devon Horace

In this episode, Devon Horace explains the steps and methods he used to pay off $47,238.38 of debt in 10 months. Join us as we discuss: a four step method to eliminate debt specific debt elimination strategies increasing income to put more money towards debt his most critical financial literacy tool   Devon Horace Devon Horace was born in Rochester, NY 1 of 8 siblings in a single parent household.…

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The Super Simple Wealth Formula

I said I would give them a super simple wealth formula.   I was having a conversation with my brothers and sisters and the conversation naturally turned to saving more money, paying off debt and of course building wealth. They asked for a plan and I said “sure, whoever wants in on the plan, I’ll shoot off an email with it.”   Of course everyone said I want in so…

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Should I Use a Payment Plan for My Plane Ticket?

I’ve seen a number of articles announcing that you can now pay for your airline tickets using a payment plan. I’ve been people exclaim “awesome, great idea! I’m definitely going to use this!” My reaction? I cringed. Hard. No seriously, I cringed really hard and thought about the trouble this will bring.   These aren’t payment plans in the strictest sense of the word. You’re not taking the amount that…

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7 Tips to Pay Off Your Mountain of Student Loan Debt

You have a mountain of student loan debt and are frustrated. Maybe a bit overwhelmed? Trying to determine how in the world to pay it off. You’re not alone. Student loan debt is rising rapidly. The average student now graduates college with over $30,000 in student loans.   Imagine heading to graduate school. The debt climbs even higher. Twenty-five percent of students with a graduate degree borrowed over $100,000. Yeah,…

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Life Lessons No One Told You About Money

Life lessons about money normally come about through trial and error (and make for interesting stories). You learn different life lessons about money in this manner due to the fact that there is little formal education on finances in our society. Financial skills are often  not taught in schools and rarely go beyond teaching how to balance a checkbook, and just the how not the why.   Only 17 states…

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Is Dave Ramsey Unrealistic?

Dave Ramsey is known for stating that you shouldn’t borrow money, at all. If you can’t make the purchase with the income or cash you have then you can’t make the purchase.   However, in our society, using credit is not just common it’s ingrained. Credit is used to make large purchases such as cars, houses, large appliances for the home or business, loans for education etc. I remember not…

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