Dream Crushing Debt Podcast

“It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things.” – Theodore Roosevelt --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

We all love a good deal and who doesn’t want to save a bit money in the process of buying the things we want and need. However, some deals aren’t as good as they seem and some deals are designed purely to get you to spend money. For example, be wary of the ones like “Spend $100 and get free shipping.” Or “Spend $50 get $10 back.” Those are great if what you’re actually buying is going to cost more than that… but most of the time, it takes a lot to reach those minimums before you qualify for the special offer and you end up buying more than you needed and spent more than you had just so you could say you saved $10 at checkout. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

If part of the debt your fighting is credit card debt, give your credit card company a call and let them know you’d like to negotiate your interest rate. It’ll take a bit of your time to make the call and work through any details, but you’d be surprised just what these companies are able and willing to do for their customers to keep them happy. With that said, keep in mind that the worst they are going to say is, “No.” So there is no reason to get upset if you can’t lower your interest rate… at least you tried. Always remember, you get more with sugar than you do salt… so be nice and be gracious with the outcome. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

This might be a great idea of someone who seems to have the knack of selling things online. They know how to price things and handle negotiations. It’s a great way to de-clutter your space, but your might also start offering up your skill to others for a fee. I’ve done this before where I’ve offered to sell things for people at a 10% fee of the selling price.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

These are some side-hustles that can turn into some serious summer work. The only downside is you need to have the equipment to do the work. So there might be some upfront capital costs, but there are some great ideas that you can do to earn some extra money. (Lawn care, sprinkler installs, concrete pressure washing, etc) (Marketing tip: put a flyer on garbage can on trash day) --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

You might not be interested in doing airport runs for strangers or picking up late-night bar goers, but you can pickup food for people who are “too busy” to go get their own food. You can get up with services like Doordash, Grubhub, and UberEats. Walmart Grocery has even partnered with all the popular food delivery services to delivery groceries to their customers. Aside from these, there is also pizza delivery you can do to make some extra money through the tips you’ll earn. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

With as often as we are on our phones, we might as well be productive by filling out surveys. There are lots of places out that will compensate you for your time in taking a survey to provide them with information. You can checkout places like SurveyJunkies and Inboxsurveys. These aren’t big money makers by any means, but a little extra here and there can add up to something big for you. When doing surveys, companies are looking for information for specific demographics to help them better understand how “working women in their 30’s” find time to go grocery shopping.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

DISMISS THE DISTRUCTIVE Never skip an aid station - Update budget. Listen to inspirational podcasts. Take a break. Celebrate the small wins. Comparison and Complaining will kill you! - Complaining is unattractive. The more you are critical of yourself, the less likely you’ll be able to recognize the good that is in you, and all around you. - When we compare, we become arrogant and complacent. Meaning, we find reasons to be content. Never Stop! Make it to the finish line. There will come moments that seem so hard you can't go on. The man or women who can drive them self further when the pain comes will win. “There is no chance, no destiny, no fate, that can circumvent, or hinder or control the firm resolve of a determined soul.” - Ella Wheeler Wilcox --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

“Pay the price today so you can pay any price tomorrow.” - Grant Cardone. Put the time and effort into things the first time. And stop wasting weekends on nonsense. — This quote showed up while scrolling through LinkedIn (again) from an article of what successful entrepreneurs would tell their 25 year old selfs. I think it would almost go without saying that “we would thank ourselves later”, but there is a balance in all things. If we spend our youthful days working so we can play later, or travel later or do whatever later... we might not be able to enjoy it later.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

It occurred to me that I after talking about car buying tips, I never shared with you how I went about buying my car. Inspired by Ramit Sethi, I found email address for all the dealerships I was willing to buy a car from and emailed them.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

At the end of the day, you’ll save yourself some money if you do this. First, auto bill pay is great because you’ll always have a payment on-time with no late fees attached. Second, some loans will give you a discount on your interest rate if you enroll in auto-pay. If you missed a payment (and it’s your first time), you can usually call your bank and have them forgive the late payment fee so long as you enroll in auto-pay. The worst they are going to say is, “No, we can’t do that.” --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

Don’t waste your money on something you’ll only ever use once. If it’s an absolute must, see if there are renting options available to save you some money. An example of this might be with a home improvement project that requires a specific tool. Don’t buy the tool (although all us guys want to), rent it and save money that way. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

This is an interesting concept, and much lesser known one, when it comes to the topic of how to budget. However, basically this method is that income and expenses balance each other out each month to zero. Sound a bit confusing, well, think of it as every dollar you earn has a purpose or a place to go each month. There is no left over money at the end the month.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

One day at work, my first job out of college, I was sitting in a team meeting and the owner was discussing finances and where we were at with everything. After listening to him talk, I turned to my office manager and said, “I don’t know about you, but it doesn’t sound like he really knows where the money is going. Could you run me a P&L?” Shortly after that, I was let go because they could no longer afford to pay me.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

A few years ago I attended one of the LIFE Leadership conferences here in Salt Lake City and it was very motivational to say the least. There were some great keynote speakers and above all, a community of people all thriving on this concept of becoming financially free and taking control of not only that in your life, but every other area as well. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

This is a common feeling and one I’m feeling right now. I’ve been starting to get down on myself because with all my effort to save money, it doesn’t feel like I’m getting anywhere. Then it occurred to me… I’ve spread myself out a bit to thin into multiple areas rather than just one. I’m saving for retirement, emergency funds, etc.  --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

I came across this app because it was being featured in the App Store one day and I thought I would give a whirl to see what all the fuss was about. If you’re looking for creative ways to save money, then this your app. I want a new mountain bike someday and so I have this savings rule setup to round up everything purchase I make to the nearest dollar, and then saves that amount. I'm saving money faster with Qapital. Sign up and use my code cn6d75eu or my link and get $10! https://get.qapital.com/C6YFdRRtYX --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

There is a lot of risk involved in buying a branded vehicle from either private party or a dealership. Branded titles indicate that the car has been in some need of extensive repair simply because the insurance company did not “total” the car. You’re putting all your trust into someone who you hope did a good job repairing the car and didn’t cut corners to save a buck. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

This is some great Dave Ramsey advice. It’s really easy to become car poor these days with the many options and variables. But, the rule of thumb is that all of your cars and recreational vehicles (anything with a motor) should add up to 50% of your salary if you’re making a payment on them. For a depreciating asset like this, you shouldn’t be spending all your money on something like this. --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support

60 minutes working out: "I wish I had time" 60 minutes on Netflix: "Let's watch another!" Therapist ($130): "Too Expensive" Trip to Walmart ($130): "Good Deals" Professional training course ($1000): "Can't afford it" New iPhone ($1000): "A Necessity" 15 minutes meditating: "An eternity" 15 minutes on social media: "Time flies" Life is full of trade-offs between short-term and long-term investments. This holds true whether the investment is in the form of time, money, or talent. Where do you want to be in 10 years? LinkedIn Post by Benton Crane - CEO of Harmon Brothers --- Support this podcast: https://anchor.fm/dreamcrushingdebt/support