Money Expert Brilliantly Exposes The American Finance Trap

Рет қаралды 103,151

Күн бұрын

Meet Igor Meystelman, a debt specialist who gives us an inside look into the world of debt.
He uncovers the real truth behind credit cards like you've never heard before and shares eye-opening stories about the debt people are facing behind closed doors.
He was so eloquent and quite a few of the things he shares will really open your mind during our latest Kosher Money episode.
To contact Igor, email igor@theimlawgroup.com or
igor@relationshipreimagined.com
Igor has his own podcast on relationships.
• iOS: tinyurl.com/igorios
• Spotify: tinyurl.com/Igorspotify
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CHAPTERS:
00:00 Intro
02:20 What Does Igor Do For A Living?
03:20 The National Credit Card Debt Problem
11:12 The Credit Card Illusion
13:02 Credit Card Debt by the Numbers
15:04 Credit Card Company’s Saviness
17:46 I’m In Debt, Now What?
23:00 Colel Chabad
24:35 How to Stop the Snowball Effect of Debt
32:12 How to Help Others in Debt
36:06 Paying Off Debt with Equity: Good Idea?
39:28 The Donors’ Fund
41:21 Necessities Vs. Luxuries
46:27 How Credit Companies Get You
49:39 Is Freezing Your Credit a Good Idea?
51:18 Filing for Bankruptcy
54:08 Twillory
55:21 Giving Your Identity to Someone Else
58:46 Becoming a Marriage Counselor
1:05:36 Outro & Book Giveaway
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#KosherMoney #KosherMoneyPod #Debt #CreditCard #CreditCards

Пікірлер: 363

@Thomasbonner752 14 сағат бұрын

I have an Investment portfolio that's worth $1million, I don't think that'll be enough for retirement. I need an average risk investment strategy in stocks that'll give me more yield.

@McElvinn 14 сағат бұрын

As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor. They’ll give you guide on high risk and low risk investment strategies for your portfolio.

@sheltonPston 14 сағат бұрын

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed

@AUstinnesc 14 сағат бұрын

pls how can I reach this expert, I need someone to help me manage my portfolio

@sheltonPston 14 сағат бұрын

Amber Kay Wright is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@corrySledd 14 сағат бұрын

Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info

@aribiegeleisen3488 11 күн бұрын

I just finished paying off 50,000 dollars in CC debt, its the best feeling ever! I haven't used a CC in at least 6 month

@LivingLchaim 11 күн бұрын

Way to go, Ari! 👑

@davidglad 10 күн бұрын

Cards aren't for everyone. The same way home "ownership" (namely the mortgage) isn't either. In the latter, only makes sense if you plan to live at the same location for many years and your household size stays the same. While I've of course never paid any finance charges on cards in the maybe 20 years I've had them

@jiujitsustl 10 күн бұрын

Congrats!

@aribiegeleisen3488 9 күн бұрын

@@LivingLchaim ❤️

@nancylivengood1581 9 күн бұрын

Wonderful!!! So happy for you!!! 🎊

@CoreyLloydo 2 күн бұрын

The average American is the foundation of this nation's economy, therefore if their money vanishes, unemployment will rise and the message "You have an unexpected month" will emerge. If you have a lot of student loans that are coming due, that money will run out very soon.

@agentjacob4099 2 күн бұрын

By then, a minimum of one cut Given that it will be discussed throughout the election, I think it happened in September. Given that it's a retirement issue, I think the FED will implement changes in September. If in September they don't make any cuts

@CoreyLloydo 2 күн бұрын

I have this much in a taxable brokerage account, this much in a standard IRA, this much in a bank account, and this much in an employer-sponsored 401(k) plan. At the moment, I have 30% in equities and 70% in bonds, or a similar allocation. Her contact information is *Leah* *Foster* *Alderman* Thus, when she responds to your initial meeting, which should be provided to you at no cost, you should have a very clear picture of your current condition.

@collins.l454 2 күн бұрын

Excellent assessment of her, but the economy is thriving 😂😂

@rzmk8620 10 күн бұрын

Being a Muslim, we could have a difference in many things but whatever you said here is absolutely gold. In the end of the day, whatever you believe or do, you deserve to live in Peace.

@scottthompson3493 2 күн бұрын

We all deserve that.✌️

@gmshadowtraders 2 сағат бұрын

Respect!

@stevedars1234 2 күн бұрын

We are fully debt free, mortgage and all. We still live frugally, those good saving habits never leave you. Living without financial stress is the most underrated feeling I know of. It’s heaven.

@sergiyradonezhsky634 9 күн бұрын

I gotta say, I'm not Jewish but I really like this channel. everyone should watch it.

@t.n.dynamite 2 күн бұрын

You know, when I was a kid, my family would refer to me as a Black Jew because even at a young age, I knew the power of a dollar. I don't think then my family knew that this could been seen as racist. I'm much older now and I'm still responsible with my money. If you want to refer to me now as a Black Jew, I'll wear it with pride because what you're saying is I'm not frivolous with my money. I don't want to spend any more of my money than I have to!

@scottthompson3493 2 күн бұрын

That’s not racist, good sense is just good sense regardless of race colour or creed.

@Tchild2 10 күн бұрын

This should be mandatory teaching in every high school in America.

@cropduster8798 8 күн бұрын

This is exactly why they don't teach it. They want you in debt.

@alphaomega1351 7 күн бұрын

Sure, the schools do. It's basic math. Not to mention, plenty of things are taught and not remembered or followed. How many remember algebra, trigonometry, and calculus? What about health class? How many eat right and exercise on a regular basis? Get the point? Most decisions come down to discipline, which many humans struggle with. 😳

@Joesire 5 күн бұрын

What they should teach is discipline and character. that's what it all comes down too.

@cropduster8798 5 күн бұрын

@@Joesire isn't that the job of the parents ?

@user-md3rn2dk1c 4 күн бұрын

When I was a teacher the head of year announced a "bank visit" to a crowd of 11 year olds. A bank rep got them up on stage and gave each one a $20 credit card. As with most drug dealers the first one is always free. I was appalled, especially as I like many other consumers had in previous years dug my way out from under a rigged card. I taught simple compound interest to my tutor group and was threatened by the school. At the end of the year, I resigned and left them to it. It's taught in schools alright - badly.

@ike4160 10 күн бұрын

Two insightful things that the guest mentioned: 1) He took action to change his surroundings and moved when he realized the financial threats to his family. 2) He understood scarcity since he grew up in the Soviet Union. A wonderful guest who seems empathetic towards those in trouble!

@keith62970 11 күн бұрын

I thank G-d I no longer have car, student loan or credit card debt. It's been really difficult to get there. You have to look at it like a predator that wants to devour you and treat it accordingly.

@thenourway 6 күн бұрын

“Gazelle Intense” - Dave Ramsey (He meant it like the debt is the Lion and you have to run like a Gazelle running for it’s life)

@someonethatwatchesyoutube2953 Күн бұрын

I’ve been saying for decades “ I work nearly half the year as a SLAVE for the “government.” I don’t want to work for a bank too.”

@MoneyHabits1 11 күн бұрын

I froze my credit after identity theft 2 years ago. It helps keep me responsible and keeps the thieves out!

@brookiegremlin6660 11 күн бұрын

I keep mine frozen. It's to prevent theft. A little over a year ago there was a whole thing where a band of identity thieves were stealing the garbage of my apartment complex. I'm not even making that up. I've always shredded important stuff, but I decided to go ahead and freeze my credit anyway. It's a secure feeling.

@hassanonyt 10 күн бұрын

Yep, love that feature. #Scammers

@nicolebelanger5063 10 күн бұрын

How can someone freeze their credit?

@williammason352 10 күн бұрын

Same.

@VBoo459 8 күн бұрын

You need to individually contact the credit bureaus and request this. There’s I believe 4 of them.

@deborahjackson6108 10 күн бұрын

I’m out of debt. Paid off student loans, credit card debt, it feels so good. Won’t take out debt again. I’m free.And now my credit score is 821. 😊

@Susan-iq2di 11 күн бұрын

Excellent and insightful presentation! I grew in what would be described as an underprivileged area, the daughter of Polish immigrants under communism. We really started with nothing, yet no one on our street had financial problems. We paid off our modest homes quickly, lived well within our means, and were working any job we could procure by age 8 or 10. Most of us went on to pay for college and enjoyed successful careers. As far as I'm concerned, I had an excellent education, lacking nothing. Money in the form of credit is not success. Life without credit is truly success.

@davidbrayshaw3529 8 күн бұрын

"Life without credit is truly success". No truer words were ever spoken. "Poor" and free trumps being a slave to the lender, any day of the week.

@alexcarter8807 2 күн бұрын

You guys were Un-American. For instance, parents helped the kids, fed them well, gave them safe, stable, places to live while they did their part of growing up and getting educated. Parents probably let their kids live at home even after age 18 (the age where Real Americans kick their kids out to sink or swim) so the kids could attend a local college, or trade school, or go through an apprenticeship, etc. This is all 180 degrees opposite of how Real Americans do things. There's a reason Americans have the saying "Raised by wolves".

@cheapandchic89 11 күн бұрын

I decided not to have a credit card thanks to this channel (in my country you don’t need it to build credit). I’m so glad I’m living my life more responsibility, and within my means. If I know I have an event coming up, I start saving a couple of months in advance to be able to afford a new outfit/gifts/the trip. Thank you guys. Much love from Croatia ❤️

@aggieglitter 11 күн бұрын

Igor is a fascinating human with so much wisdom. I could listen to him all day long. And you always ask the right questions and are a great listener. I love Kosher Money. Love from Sydney.

@foodmens 7 күн бұрын

Thank you, thank you very much for your kind words 😊

@fre7717 11 күн бұрын

another predatory practice i see is car dealerships. you go into a dealership and say i will buy the car (no lease or loan), and they try to deflect and push car with loan for 7 yrs. when i asked them they called and said we got new stock arrived and how i would like to pay, i said by cash - full amount. then, there was a delay and he said, sorry, he called wrong customer, there was one ordered ahead of me. i settled for 2nd hand on loan for 7yrs, but i will pay off in 1 yr. they have some deal with the financing bank, and this is totally unethical behavior in my books. i wanted a specific hybrid, so i wasn't interested in a different car.

@MirjanaPucarevic 11 күн бұрын

Vau i thought cash is always better

@fre7717 11 күн бұрын

@@MirjanaPucarevic yes, it is better, but they playing games and prefer clients that willing to go into lease or loan.

@AlexPerazaTV 11 күн бұрын

Just pay it off the next month. Don’t even do the first year

@Winter_Of_Civilisation 11 күн бұрын

@@MirjanaPucarevicthey sell your debt and bundle it to banks and use it as an Income security

@stoundingresults 11 күн бұрын

If the vehicle you were after isn't available then leave. A co-worker got the switcheroo with a semi truck and it had a dropped valve

@TheGayStoic 10 күн бұрын

It's very empowering to listen to Jewish wisdom about money. Thank you for letting us in. Godspeed!

@user-sc7fk5ys6x Күн бұрын

Credit cards have never trapped me, for one simple reason: I can do math, and consider a spent dollar to be a spent dollar. Grandparents who survived the Great Depression by not having taken bank loans, raised me like that. But there’s no escaping the conundrum of rents that inflate themselves until they exceed net income. I hate to call the USA a failed state, but this corporate predation and dumbing down the public is clearly a situation incompatible with democracy.

@antilogism 4 сағат бұрын

Yep. I see paying 2% a month to rent quick cash can be a great deal for many special situations. I've done it when I was just starting out in life. Same as a renting a u-haul, mixer, cherry picker or whatever. My bank cards have always followed our contract and in a few cases exceeded it! In two cases, while I was responsible for $25 of losses due to theft, but they covered me so I was out nothing. In another I was late and they charged me a fee but I called them and they were happy to reverse it---above and beyond!

@mmp495 11 күн бұрын

Hello from Phx AZ 🌞. I personally do not use credit cards due to the industry being so disgusting and how their system works. It's been great for me not to follow the crowd. Excellent discussion and very insightful . Please bring Igor back.👏

@1maybeline 5 күн бұрын

I charge everything, even a pack of gum and I receive a cash rebate of around $1,500./year. I pay the credit card in full each month and therefore I don't get charged any interest.

@raiden031 3 күн бұрын

Only 47% of CC holders are carrying a balance from month to month, the rest are benefiting with the convenience of CC swiping and rewards. You say there is no emotional response to swiping a CC, but as someone who pays off the CC each month, i can say i feel the emotions of upcoming expenses like all the food costs on an upcoming trip before even arriving. I think some people are impulsive and some are not, and some are in between. The CC is a tool that is bad for the impulsive but perfectly useful for those who are planners.

@humbllbug 2 күн бұрын

the 4% fee they charge merchants is passed to the swipper, either directly or as an increase in the price of the merchandise.

@John-du2mq 2 күн бұрын

Your rewards come from those who pay late fees and interest on their cc. If you can morally live with that, you are correct.

@christiancox8837 2 күн бұрын

You would not have rewards if not for the people getting completely screwed by those cards.

@raiden031 2 күн бұрын

@@John-du2mq as long as CC fees and interest are transparent to every card holder, which they seem to be, I'm fine with it

@maxe.1204 5 сағат бұрын

Im in the same camp as you, but around every 10 years (like the stock market) things get hairy where by u lose your job, someone has a health issues, many things at once. And since u have great credit, you tap the 0 apr offers and you have every intention to pay off before maturity, and many times you can get away with transferring to another Cc before expiration also for 0 apr. but there is always a fee 3-5% on 30-50k etc is far from free. You just look the other same and write it off as who else can u borrow at 0% apr from for as low as 3-5% one time fee. But in a bad case you run out of offers to keep moving it around, things dont pick up for you in time, and you get slap with prior years taxes due, now your borrowing more on CC at zero percent, but you need to pay that fee and now your juggling to large amounts of borrowed credit. It happens to the best. It is a predatory system. They get paid in every direction imaginable.

@nasdpmlima6248 3 күн бұрын

My grandfather told me never buy anything you cant pay for up front

@jasonyitzie 11 күн бұрын

This show never misses and this guy is on point. I watched the ENTIRE episode… as always incredibly insightful

@murep 11 күн бұрын

My wife had all the same debts that frum kids have today. Never ever had debt my whole life. I was very good at saying no, yet we were never depriving, more living in our means. Never did restaurants beyond pizza/fries, always took trips - cheap ones to Florida for five days , lots of parlay, coupons, local camps. Now we’re on a very good position. Basically young people are not responsible and are very spoiled by all the expensive toys out there - us- Lakewood. Just say no. I always liked another dividend compared to a newer car.

@Gannicus-USA 11 күн бұрын

And the balls gonna drop when grandma goes! Supporting generations in Kollel isn’t sustainable. Real estate income can only go last for so long! And if tenants don’t pay…It’s a mageifa. Must have latest kitchens and new construction!

@murep 11 күн бұрын

So my oldest is 28 with two kids. He left BMG for Denver. His wife just a a ST degree and has a good job plus he gets paid from Kollel plus free house for three years. We stopped giving regular money but give gifts here and there. They got the message that life isn’t a free ride. They’re doing great and saving money. So it can work for awhile but there’s definitely a kaitz cause who can afford it? I feel bad as today’s numbers don’t work today. It’s definitely harder today. Garbage gig jobs and no security like years ago. Even professions are worse as most doctors work for hospitals with a ceiling on income and that will worsen. Kollel has a place but it takes a team to make it work for longer term .

@Gannicus-USA 11 күн бұрын

@@murep to be honest, I’m pretty opposed to the idea of Kollel. Rashi owned a vineyard, Don Yitzchak Abarbanel was the finance minister for Ferdinand and Isabella and they still had time to master Torah and write their commentaries. Rabbi Abadi who was the rabbi of Safra in NY went to medical school. My point is, these kids need to realize that even if they have a PHD (papa has dough), it’s not their money. Home prices in Denver in the Frum area are in the $1mm range now. Parents can only do so much until the spigot runs dry. You have to worry about out rising medical costs and senior care. Parents need to put their own oxygen masks on. It’s nice to help if you can, but some kids just expect it. That’s where the problem is.

@brettheyer2421 5 күн бұрын

@@murep Denver is extremely tough market for any 20-30 year old not making 100k+. Really, need 200k+ annual to be in a nice neighborhood and be comfortable.

@elimass5362 11 күн бұрын

Empowering. If you can use credit cards responsibly, they are great. If not, stick with cash.

@shauneilscott 10 күн бұрын

You had my attention from the start because I BELIEVE that is exactly why people end up in massive troubles other than scammers or an unexpected health crises. I am sharing this for sure today! Thank you!

@OldsmobileCutlassSupremeConver Күн бұрын

The look on the Attorneys eyes when I asked if I could pay with a CC😅. It was priceless! I said, "I'm just F-ing with you"😊

@cedricmfuranzima8005 11 күн бұрын

Empowering. From Tucson AZ love. Thank you Living Lchaim and Kosher Money. Your channel looks great and I have learned a lot from you. Regards.

@imthebestthingsinceslicedr5400 5 күн бұрын

The way I see this issue is that its not the banks and credit card companies nor the stores job to teach you how to be financially responsible. That responsibility falls on you. You can cheat yourself but you cant cheat what you cant afford

@idid1866 2 күн бұрын

A lawyer once told me that once an average person reaches $1k on a credit card...they know they have you!

@joebenarroch384 10 күн бұрын

Igor is one of the Best Guys to interview for this bilateral intergreted topic of finance and matramonial - he has seen and heard it All from all sides of the table. I myself brought Igor a few cases way back when and he was so caring, patient, understanding and professional all while not even knowing if would make any money from this client he still showed true kindness care and concern. A man of True Chessed First!

@roseyachnes353 11 күн бұрын

Very inspiring!!!! Everything he said is the stress I'm living all day. I listen to Dave. I feel like I'm in the ER and needed to hear all this.

@klaraschumann4164 Күн бұрын

I can't believe they did an hour long piece that comes down to "Don't buy stuff you can't afford".

@bonesb7686 10 күн бұрын

I was one of those people. Thank God I woke up abt 15 years ago and 5 years later graduated to as you would say the one income world. Thanks for reminding me of what I escaped from.

@Being_Joe 11 күн бұрын

Credit cards are a great tool if you can internalize what they are and how they work. I learned the hard way when I was younger but glad I did not get into too much debt (just enough to learn my lesson).

@derrick8224 11 күн бұрын

I’m a longtime subscriber. Great interviews. Thank you and hello from Canada

@wallye8713 11 күн бұрын

Incredible video. As a non Jew I am truly grateful and saddened I didn’t find this channel sooner… I’m subscribed.

@LivingLchaim 11 күн бұрын

Welcome aboard! So many great videos to catch up on. Enjoy! 👋🏻

@mjwmontgomery 8 күн бұрын

3% interest per month plus fees on transactions plus late fees. Fees are higher on certain products / services than others.

@appleiphone69 5 күн бұрын

Living beyond your means and not having a rainy day fund.

@deborahmcgowen1549 11 күн бұрын

Igor, I'm calling you !! Lol. I love this guy Enlightening on helping relationship portion of debt God Bless

@teeare 11 күн бұрын

You ask the right questions!

@ludo3314 11 күн бұрын

I love this channel! From South Africa 🇿🇦

@mish8978 10 күн бұрын

Wisdom has entered the chat. Loved every min of this interview such wise counsel and insights words to live by and reminders to stay on the straight and narrow road. I’m 48 and heard Dave Ramsey when I was I’m my twenties…He said “honest debts must be paid” and this simple words helped me keep debt to a min. Also as scripture states…”the borrower is slave to the lender” This is why G-d tells/ instructions …When we entangle ourselves with such high amounts of debt AND keep kicking the can down the road…we enslave ourselves.

@TFHDC 11 күн бұрын

Thank you for sharing this insightful interview! Great interview with Igor! This was my first watch of your channel and definitely liked and subscribed.

@pch5938 10 күн бұрын

Part of the healing journey, I love it. Speaks to me , after 7 years of working at the hospital I am ready to start growing my own food and giving it away. Quiting the hospital. Everything is paid for with no debt, very feasible in my mind❤

@LivingLchaim 10 күн бұрын

You got this! You. Got. This.

@burirose 11 күн бұрын

So insightful! I wait with bated breath for the next episode on this channel!

@DR-nn3jg 11 күн бұрын

This video was so insightful. Really great video Igor!

@joyndem6574 11 күн бұрын

This was so good 👏🏾👏🏾👏🏾. The guest put so many things into perspective and a reminder not to spend more than we have. So good I learned a lot. Thank you for sharing.

@toluca56 4 сағат бұрын

I love Igor Meystelman's philosophy. Smart. It does take resolute emotional discipline to use credit responsibly, and avoid paying interest. And he is right - usually insufficient emotional self-control is what kills people financially.

@life_in_nature4231 11 күн бұрын

Thanks for the great content as usual.

@ik2600 11 күн бұрын

Very insightful! Thank you so much!

@murep 11 күн бұрын

@alecstahl2387 Күн бұрын

I am an atheist but I really enjoyed your show. I have zero debts and I am very healthy financially and spiritually. I respect your religion and I thank you for the interview.

@luke31ish 11 күн бұрын

Enlightened conversation, thank you for bringing high quality guests!

@raizyfried9014 10 күн бұрын

This is so informative. Thank you. You always get the best guest on!!

@JeffSayYes 8 сағат бұрын

Im so happy to see you're still doing the show. Great stuff

@alloyd1986 11 күн бұрын

This episode was insightful, empowering, and enlightening! Thank you.

@psikeyhackr6914 10 күн бұрын

Adam Smith wrote "read, write and account" multiple times in Wealth of Nations. But why hasn't accounting/finance been mandatory in high schools for Gen-Z? Why not for their parents? Why not for their grandparents? Instead we have had 70 years of television brainwashed consumerism. Did John Maynard Keynes ever see a television commercial for automobiles? Try finding an economist who talks about the depreciation of durable consumer goods. But Karl Marx used the word 'depreciation' 35 times in the first two volumes of his major work. Planned obsolescence consumerism is a high technology form of slavery.

@cropduster8798 8 күн бұрын

and Marxism is slavery.

@juliespade1573 11 күн бұрын

Wonderful session.

@mariapalumbo6630 9 күн бұрын

Your podcast is always a BLESSING

@lazerbsound 10 күн бұрын

What an empowering episode! Really looking forward to Dave's episode!

@mariapalumbo6630 9 күн бұрын

Very very enlightening!!! Thank you Kosher money!!!! I have learned so much from your podcast. Truly your podcast is life changing.

@alexi2460 12 сағат бұрын

No kid should be able to graduate high school until they pass an exam on life style spending and survival finances. We need to empower our population with the psychology of spending

@BobvanT 11 күн бұрын

The only credit rating you need to check on a regular basis is with Hashem !

@alizasiegel2705 11 күн бұрын

I commend this lawyer/therapist. Truly amazing what he has done with his life and his family’s and his impacts on others! This was an empowering episode!

@blessedbygod3430 10 күн бұрын

Soooo good!! Insightful!!!😊

@estherfayla 11 күн бұрын

this was very insightful, I have so much work to do, but this conversation was very hopeful and empowering. would love a book ;)

@lockerroomtalk2292 4 күн бұрын

My first time watching this podcast and it’s very enlightening and helping me prioritize my financial journey

@ksto1427 10 күн бұрын

I really enjoy your insightful program-I’ve been praying about understanding how money works and how to be a good steward of all I have. Thank you!

@JonnyBGood-mb5mg 4 күн бұрын

I was told years ago that auto dealerships are just advocates for depreciating assets and banks are the real owners. The car is just collateral to get the loan signed for and then it’s a matter of paying interest to the bank for the privilege of owning a depreciating liability.

@chayalekahana765 6 күн бұрын

This episode was extremely insightful. Another great episode

@lorrainemclean3914 10 күн бұрын

Watching from Ireland….this was so insightful and fascinating!!! Really enjoyed this video and learnt so much. Thank you 👍

@stevenw3988 10 күн бұрын

Conversation was very insightful. Not too many other personal financial channels dive into bankruptcy.

@NorthbrookFinancial 11 күн бұрын

Great interview! Credits card leading to cognitive dissonance - what an incredible insight!

@Dimantledpenguin99 25 минут бұрын

Had to subscribe 👍🏼👍🏼 we need more speakers on finance and taking accountability

@dinkeydink9376 Күн бұрын

Good interview! 👍 Thanks for sharing! ❤

@robomalley2690 11 күн бұрын

Really excellent podcast thanks for this from Australia

@glennpesti6519 10 күн бұрын

Very insiteful, thank you both

@1illone 2 күн бұрын

When it comes to dealerships...Play their game.... tell them what they wanna hear.. tell them you'll finance the car, however tell them u need that warranty , ask for wiggle room to get the warranty.. 500 to 1k off Guaranteed. Once u get in the finance office with the agreed price... switch it up... put 10k down, tell them u dont want the warranty... then pay the car off in 3 months. This is exactly how I paid for my wife car in 2020... 2018 rx 350 lexus $34,500.00. 21k miles on it. All cars depreciate. However, lexus does a good job holding it's value longer then most companies

@jgonzalez372 7 күн бұрын

Absolutely Excellent guest, please need a second program with him and your UNCLE ❤🙏🏽

@hugopepin-quesada 4 күн бұрын

Beyond insightful and I am inspired to work on my family’s debt and finances. Thanks for the details proved.

@YH-ez7qr 10 күн бұрын

Extremely informative. Inightning episode.

@mythrodos 4 күн бұрын

I really enjoyed this episode. Excellent interview and guest.

@sergiyradonezhsky634 9 күн бұрын

Very much an enlightening experience.

@damienteddington5880 2 күн бұрын

Great questions. First time checking your channel. Well done sincerely.

@fraidyr3926 9 күн бұрын

Insightful!!!

@TonyMoze 10 күн бұрын

I love this channel 💰

@okgreat2573 8 күн бұрын

Freezing your credit can also stop bad actors from spending under your identity.

@iamyoda66 Күн бұрын

Debt free is a huge piece of mind. No matter how painful, I pay off every bill 100%. Won’t trade that for anything I can buy….

@TrailBlazer5280 11 күн бұрын

Great episode!

@ludwigvonmises1 11 күн бұрын

Love the new set

@abrahams.lincoln6749 10 күн бұрын

Absolutely fantastic podcast. 👍👍

@thriftymeg 11 күн бұрын

I have a budget I usually stick to it. I save, have an emergency fund, invest 20% of my income. What’s evil is student loans. They make you pay to be a member of society and my theory is they do it to keep you tied to it for life. Why doctors have 300k of debt to make sure they stay doctors. Student loans are the worst. It’s a drain on the youth. Credit cards and cars are just your spending and you can curb that but to do my profession I had to go through the education system.

@LivingLchaim 11 күн бұрын

Hurts our heart to read this. Rooting for you.

@sw6118 3 күн бұрын

All loans are meant to enslave you. It’s a brutally hard lesson to learn.

@Garage23 10 күн бұрын

Great episode! Greetings from Az 🌵

@Jackman66666666 11 күн бұрын

Great interview! Most of your guests seem to be low talkers/soft spoken. I wash the microphone was a little closer to the guests face. Very useful information, Thx!

@joeleskes6063 3 күн бұрын

Very insightful.

@easylistenin9 3 күн бұрын

Dave Ramsey 'Live like no one else, so you can live like no one else.' If the herd will over run you, just remove yourself from it.

@Bitachon 11 күн бұрын

*Also, the national debt is $34.75 T!*

@yoniboboshov500 2 күн бұрын

I’m gonna be a dentist soon and with a student loan debt of $450000. Absolute atrocity

@SA-op4xu 2 күн бұрын

😮

@Tomm9y 5 сағат бұрын

I don't have credit cards anymore, recently I wanted to get my iPhone repaired and found that Apple would not process the repair as they required a credit card for the payment. A Debit card was not good enough. Personal debt needs to be limited. I only buy a car when I have saved up to buy a car and to get any issues fixed.