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Follow Me out of Debt | Get out of debt and get into prosperity!

Updated 3 days ago

Business
Religion & Spirituality
Investing
Christianity
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The Follow Me out of Debt podcast is an easily-digestible show that's brought to you once a week, every week. Tom has taken the advice from well-known authors and show hosts, including Dave Ramsey, Clark Howard, and others - and is combining this into his own personal strategies to show you what works (and what doesn't) to get out of debt and get into prosperity.

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The Follow Me out of Debt podcast is an easily-digestible show that's brought to you once a week, every week. Tom has taken the advice from well-known authors and show hosts, including Dave Ramsey, Clark Howard, and others - and is combining this into his own personal strategies to show you what works (and what doesn't) to get out of debt and get into prosperity.

iTunes Ratings

83 Ratings
Average Ratings
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Awesome advice

By Miamihits - Aug 26 2019
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It really helps me a lot on how to manage my finances. Short clips but full of information.

Trust the Process

By exodus321 - Jan 26 2019
Read more
A good resource to have, to actually follow you out of debt. Actually helps. Love the community!

iTunes Ratings

83 Ratings
Average Ratings
66
6
2
3
6

Awesome advice

By Miamihits - Aug 26 2019
Read more
It really helps me a lot on how to manage my finances. Short clips but full of information.

Trust the Process

By exodus321 - Jan 26 2019
Read more
A good resource to have, to actually follow you out of debt. Actually helps. Love the community!

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Cover image of Follow Me out of Debt | Get out of debt and get into prosperity!

Follow Me out of Debt | Get out of debt and get into prosperity!

Updated 3 days ago

Read more

The Follow Me out of Debt podcast is an easily-digestible show that's brought to you once a week, every week. Tom has taken the advice from well-known authors and show hosts, including Dave Ramsey, Clark Howard, and others - and is combining this into his own personal strategies to show you what works (and what doesn't) to get out of debt and get into prosperity.

Rank #1: FMOOD 0302: The Top 10 Frugal Habits That Could Save You $1,000 per Month

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Adopting these top ten frugal habits can save you up to $1,000.00 in any given month (sometimes more). Now, this list isn’t in any particular order of importance. I believe that they are all equally important, and the more that you are able to implement on this list, the more money you will save.

The first habit has to do with your morning routine. If you find yourself stopping by your local Starbucks on the way to work (or any other expensive coffee bistro, for that matter), simply stop. To be honest, even when I was a coffee drinker, I didn’t care much for Starbucks, anyway. I know a lot of Starbucks fans out there aren’t going to like hearing this, but I think that their coffee tastes way too strong. I recall ordering Starbucks coffee only on a handful of occasions, and I had determined that I simply don’t like the taste. For the purposes of this show, it’s less about taste preferences and more about the money that you’ll save from avoiding expensive orders of coffee altogether. Your approximate total saved in one month if you avoid spending the bucks at the ‘Bucks every day of the month would be around $120.00. Not too shabby, and really, quite eye-opening.

Number two on the list is magazine or newspaper subscriptions. More and more often, people’s first reaction when they want to learn something is to reach for their cell phone or log on to their computer and do a Google search. You really can find almost anything that you want to find on the Internet, and while that does require paying for Internet access, if you really wanted to earn some bonus points for extreme frugality, don’t bother paying for Internet access and do your research at your local library instead. Dumping subscriptions won’t save you a fortune every month, but generally speaking, you’d be looking at around $30.00 savings on average each month, assuming that you would be subscribing to both magazines and your local newspaper. 

To hear the remaining top ten frugal habits that could save you up to $1,000.00 each and every month, click on the play button to listen to the rest of today's show. As a special bonus, if you shop online, you'll want to check out http://slashhalf.com. I use this website frequently and find some really great deals by starting my search right from this website. It's just one more money-saving tool for your frugality arsenal. Check it out when you get a chance, and God bless!

Sep 24 2018

17mins

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Rank #2: FMOOD 0265: Let's Crush Debt in 2018!

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I don't personally believe in New Year's resolutions, but that's mostly because I believe that we have the ability to implement positive changes at any time of the year. With that said, my break that I took in the month of December was mostly due to needing to implement some much-needed changes with this show. The biggest and most notable change is going to be the extended episodes. Short and sweet is nice, but after careful consideration, I determined that detailed and actionable is what's truly needed in order for all of us to get out of debt and get into prosperity as quickly as possible.

My biggest goal for all of us in the year ahead is to make considerable headway towards crushing debt in 2018. We may not be able to get completely out of debt in a year, but we should be able to accomplish many of our smaller goals to get us further ahead than we have in the past. Taking action steps and staying focused for the long haul will be what helps us to truly accomplish our goals, and this is especially true as our goals become more aggressive.

I have to forewarn you that this won't be all fun and games. What we need to do in the foreseeable future will require a large amount of sacrifice. We'll reward ourselves accordingly along the way so that we do have some level of fun in our lives, but we're still going to remain focused on the bigger prize: getting out of debt and getting into prosperity.

Welcome to 2018. I'm excited to start this new year with you, and I look forward to hearing about the goals that you are able to meet in order to truly make this a debt-crushing year! God bless.

Jan 01 2018

32mins

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Rank #3: FMOOD 0054: Five Simple Steps to Getting out of Debt

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From personal experiences as well as from the experiences of others, I have compiled a list of five simple steps to help you to get out of debt. These steps and actions can be applied to whatever strategy that you are currently implementing towards completing your goal.

First, I'll discuss why you shouldn't bury your head in the sand. I'll discuss how to ensure that you don't do this, because doing this is probably the worst thing that you can do when it comes to getting started with paying off debt. Next, I'll talk about how you can curb your spending and certain strategies that will help you to free up some financial resources that can be applied towards your debt payoff. Third in this list is the importance of not allowing the IRS to hold your money hostage for a year and what you can do to ensure that this doesn't happen in the future.

The last two on this list tend to go hand-in-hand. The first of these and number four on the list is to make paying off debt a priority. Wherever you are at in your plan, make sure that you apply the amount towards debt that you had originally planned. I'll discuss a brief tip that will help to ensure that you aren't tempted to use that money that was set aside for paying towards debt for something else. Finally on this list of five is to never, ever add to the pile. You don't want to continue using debt or accumulating more debt while you are trying to pay it off. This is a surefire way to hinder your plans and may even bring your plan to a complete standstill (or worse yet, you end up going backwards). Don't do this.

If you liked this show so far, please take a minute to subscribe to the show, rate it, and leave a review. Your positive and kind words are always appreciated.

Visit the http://followmeoutofdebt.com website to read my blog and get my latest status updates on my personal journey out of debt and into prosperity!

Feb 08 2017

11mins

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Rank #4: FMOOD 0240: What to Do When You're Financially Overwhelmed

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Sometimes we get overwhelmed, financially speaking. When this happens, we need to remove ourselves from the situation, at least temporarily. Even if you are experiencing anxiety or fear, you need to be able to look at the situation from the outside as much as you possibly can. Again, this is only temporary.

This will allow you to see the situation from a different perspective and see the problem for what it is. Hopefully, this will also allow you to take some of the emotion out of it. Only then will you get to clearly see what your answer is. Of course, it's a bit more challenging to actually take action steps and implement your solution, but as they say, knowing is half the battle.

Now that you have an answer, your next step is to consider your options. If you're married, it's time to sit down and have a talk with your spouse. Discover together what you should do next so that the both of you can lessen the stress and feelings of being overwhelmed.

If you're single, it's time to do some thinking about what you will need to do next to take that which is overwhelming you out of the equation. Take the appropriate action steps to get yourself out of the situation and invoke a new level of calm in your life. This will help you to make better decisions financially, and it will help you to have a firmer grasp on the reality of it all.

Do you like to read but don't always have time to do so? Get a free 30-day trial and two free audiobooks just for checking out Audible, an Amazon company. Go to http://followmeoutofdebt.com/audible to learn more and get your two free audiobooks today!

Oct 06 2017

12mins

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Rank #5: FMOOD 0357: How and Why to Focus on One Debt at a Time

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Why should you focus on one debt at a time? The quick and easy answer to this question is that it is much easier to process smaller bites of something rather than taking everything on all at once. When we hone in on that one debt that we're tackling right now in particular and give it our focused attention, we'll find that we'll have an easier time directing our financial resources towards paying down and paying off this debt at a faster pace. 

It's not a bad thing to look at the big picture occasionally to know where you're at in your walk with paying off debt, but it's not a good thing to make that your only focus. You have to process one piece of the puzzle at a time, and only then will you find yourself making headway towards accomplishing your bigger goals.

If you haven't done so already, please take a few minutes to head on over to iTunes to leave a rating, leave a review, and subscribe to this show. Doing so helps other folks easily find this show so that they can join us in our journey to get out of debt and get into prosperity. God bless.

Oct 14 2019

13mins

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Rank #6: FMOOD 0301: Become a Better Saver While Paying off Debt

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Today you'll learn how you can actually become a better saver while you are in the process of paying off debt. It's not as difficult as you may think, but with that said, it will still take some focus and a little determination on your part to get this thing off of the ground.

Most of the time, when many of us come across a month where we're short on financial resources, we'll reach for the credit card in order to make up for the difference. Of course, this isn't a good thing if we're trying to get out of debt. Doing this repeatedly can easily get us into a bad habit where we're constantly taking two steps forward and five steps back. Understandably, we simply don't want this.

Instead, I started thinking about ways that I could somehow prevent this from happening by using a type of sinking fund (for lack of a better term). I decided to save up enough money to provide wiggle room from month to month for added expenses that didn't qualify as an emergency but still needed addressed. The emergency fund is still there, but this is for emergencies only. A shortage of funds in any given month isn't typically considered to be an emergency, and this is one of the main reasons that I knew that a different type of sinking fund needed to be established.

A great benefit of this strategy is that it has forced me to become a better saver. I had to temporarily put off more aggressive debt payoff strategies for a little bit while I was saving up for this new sinking fund. I knew that it was necessary to shift gears in order to get this sinking fund off of the ground. This was a good thing; I've already had to use the sinking fund and was happy that it was available.

Go ahead and give this a try. I can't say that this will work for everyone, but it is worth considering if you think that it may be beneficial to have an extended comfort zone while you're getting out of debt. It truly is a backup plan that gives you a little peace of mind and prevents you from continuing to use credit cards when expenses inevitably increase in the ebb and flow of life. God bless.

Sep 17 2018

15mins

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Rank #7: FMOOD 0343: It's Time to Break up With Debt

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We've all been in a bad relationship at least once in our lives. We've all been in a situation where our best move was to end the relationship to benefit either ourselves or both people involved. Breaking up isn't easy to do, either. There are the memories, the leftover feelings, and the time invested in the relationship. None of these things are easy to simply chuck out the window.

With that said, this isn't a podcast about love and relationships. It's a podcast about personal finance. It's not romantic and it's not what tear-jerker movies are made out of, but it does share some of the same components.

    When we get our first credit card, we have that initial excitement. It's new, it's shiny, and it's personalized with our name right on it. We take it wherever we go, and when we need it, it's right there waiting for us. If we have any trouble, there's even a phone number on the back that we can call to get help any time of the day or night.     It allows us to buy things we wouldn't otherwise be able to afford. Sure, we have to pay it back, but we can do this in small payments, which is a heck of a lot easier than spending all of our money all at the same time. It makes decision-making easier, because instead of worrying about saving up for whatever it is that we've set our eyes upon, we can simply whip out this credit card and take care of everything right then and there.     Ah, but the honeymoon phase only lasts so long. Before you know it, there are tons of others out there just like it, and we don't stick with the same one. We find ourselves getting newer cards with higher credit limits. We realize that we can take out a loan and buy a shiny, new automobile. We slowly but surely get in too deep in this relationship and realize that what we've really done is allowed ourselves to get in deep with debt, and this is one unhealthy mess of a relationship if there ever was one.     It's time to break up with debt once and for all. Doing so will require your attention, planning, and effort to make forward momentum, but once this ball starts rolling, it will continue to pick up speed and power along the way. Before you know it, you will be celebrating a victory and never looking back on this bad relationship except to reflect on how big of a mistake that this was in your life from the very beginning. God bless.

Jul 08 2019

10mins

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Rank #8: FMOOD 0280: How Micro-Habits Will Help You Succeed

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Let me introduce you to a real game-changer. This concept will allow you to easily make positive changes in your life. Because of these changes, you will eventually experience success with finances, health, faith, relationships, and other important areas of your life where right now you may need to drastically improve.

What I'm talking about are micro-habits. These small changes require minimal motivation and very little effort. However, the payoff is huge. Think of it like compound interest. Small changes that build one on top of another will eventually lead to a huge payoff.

I personally love micro-habits because they allow for me to make changes without having to go all-in or having to quit something cold turkey. Instead, I can take things one tiny chunk at a time until I get comfortable with the changes and get used to the changes over a period of time rather than all at once. It affords me the opportunity to not have to deal with guilt if I have a setback since a setback with a micro-habit just means that I get right back on track the following day.

I believe that this is a truly more natural way to pave the road to success for each and every one of us. I've experienced a myriad of positive changes thanks to micro-habits without having to feel overwhelmed in the process. I know that this will help you just as it has helped me. The important thing to keep in mind is that while micro-habits are easy to implement and continue with every day, we still have to start somewhere. Don't wait for tomorrow; start implementing those micro-habits in your life today. God bless.

Apr 16 2018

32mins

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Rank #9: FMOOD 0237: Beliefs That Keep Us Broke

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You have to establish your own belief system and not rely on those established by others. Here's why.

Over time, there have been financial principles that have been set up to affect how we spend our money. We've been led to feel guilty, ashamed, or out of the loop if we're not following these belief systems. We then spread the same false premises as a justification for why we are doing what we are doing.

For example, we've been told to spend three months of salary on an engagement ring. Who do you think came up with this plan? I'm pretty sure that it started with some jewelry store conglomerate as a catchy advertising campaign with a goal to increase revenue. I'm not saying that you can't spend that much on an engagement ring if you wanted to, but you shouldn't be putting yourself in the poorhouse based on this self-propagating belief as your justification.

We are also pressured by society to find the biggest home possible that is based on what we can get approval for from the bank. When it comes to your home, spend what makes sense with your own personal financial situation and not what the bank tells you that you are able to borrow. You can always move up in house someday when it's appropriate and once you are ready to do so.

When it comes to how we get from point A to point B, we're also looped into the belief system that we need to go out and buy a brand-new vehicle. The belief system justifications are usually that they are reliable and covered for repairs under warranty. If you can't afford to buy it, we're told that we should lease the vehicle instead because the payments will be lower.

Never mind the fact that we're essentially paying to borrow a vehicle that we must return in pristine shape, or we'll be required to pay even more money once we return it. Buy a newer used vehicle instead, preferably one that just came off of a lease.

The bottom line is this. Do your own thinking, buy based on your personal financial situation, and don't give in to the belief systems that try to keep us broke.

Do you like to read but don't always have time to do so? Get a free 30-day trial and two free audiobooks just for checking out Audible, an Amazon company. Go to http://followmeoutofdebt.com/audible to learn more and get your two free audiobooks today!

Sep 29 2017

17mins

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Rank #10: FMOOD 0338: Where Has Your Money Gone?

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At the end of the month, do you find yourself asking where your money has gone? Unfortunately, for many folks, this is an all-too-common occurrence.

The good news is that there is a way to stay focused and stay on track so that you'll find yourself in that sweet spot with personal finance success. If you'll keep this simple rhyme in mind and pay close attention to the tips given and the content of today's episode, you'll soon find yourself consistently within budget each and every month:

Point A to point B,

Getting debt-free,

Getting into prosperity.

If you haven't done so already, I would greatly appreciate it if you could take a few minutes to leave a rating, leave a review, and while you're there, subscribe to the show. Your input helps to guide other listeners to tune in to the show, and I truly believe that there is great strength in numbers as we all move towards getting out of debt and getting into prosperity. God bless.

Jun 03 2019

20mins

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Rank #11: FMOOD 0281: Life Changes Through Positive Habits

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Are you looking for a foolproof way to change your life for the better? It's simple. All you need to do is to implement some positive habits in your life, and these changes will help you to live life in a better way almost immediately.

Whether that's reading more non-fiction books, limiting time on a screen, eliminating gossip and complaining, or getting organized and sticking to a calendar, we all have the ability to make foundational changes upon which we may build many other good habits. It's simply a matter of getting started. 

In the last episode (episode 280), I talked about how micro-habits help us to make changes one small step at a time. Today I want to focus on the actual habits that help us to become better humans and to become more intensely focused on accomplishing our goals. I'm sure that this list is just the beginning for many of us, and hopefully this episode will prove to be a positive jumpstart to getting the most out of the resources that we have available right in front of us, each and every day. God bless.

Apr 23 2018

29mins

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Rank #12: FMOOD 0027: The Credit Card Danger Zones

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While credit cards are not necessarily dangerous by themselves, we may find ourselves in what I call the credit card danger zones. We need to be aware of these dangers and take the appropriate actions in order to avoid these at all costs.

Some of the danger zones that I cover in this episode are: getting dangerously close to the credit limit on the card, not preparing for the 0% introductory APR expiration, and the combination of not preparing for the APR rate hike after the introductory period and having charged enough to be so close to the credit limit that the interest applied may just put you over the credit limit on the card.

The huge danger here is that some credit card companies charge an over-the-limit fee, and even worse, they may even hike up your APR for going over your credit limit. All credit cards are different, and while this may not apply to your cards in particular, you will want to read the fine print to make sure of this so you know precisely where you are in relation to the danger zones that are present with most credit cards.

If you do find yourself in one of these danger zones, my recommendation is to get yourself out first and foremost. Even if you had planned on doing a debt snowball plan or paying your cards off from highest APR to lowest APR, you need to get yourself out of the danger zone first. Put a solid cushion in-between what you have borrowed and the credit limit of the card, then stop using the card entirely and eventually pay it off with your debt payment plan of choice.

If you liked this show so far, please take a minute to subscribe to the show, rate it, and leave a review. Your positive and kind words are always appreciated.

Visit the http://followmeoutofdebt.com website to read my blog and get my latest status updates on my personal journey out of debt and into prosperity!

Jan 12 2017

11mins

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Rank #13: FMOOD 0103: The Fear of Big Payments

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Do you have a fear of making large payments towards your debt? I usually recommend saving up for a large payment and applying it towards the debt in huge chunks at a time. When you save up the money and put it aside to pay towards debt, it's an adrenaline rush. It also helps us to get into the habit of saving money for something. It's a good habit to train our brains to do this, especially when we've been used to simply putting purchases on a credit card rather than saving up cash.

It's understandable to be anxious about making a large payment, especially if you realize that this money is literally exiting your checking account forever. However, I think that you can get comfortable with this process as long as you keep in mind that your starter emergency fund should already be in place to use if you have a need for it. The key here is to only save up to the amount that is already in your starter emergency fund to use towards debt. In other words, if you have $1,000.00 saved for emergencies, then you can pay debt off in increments of up to $1,000.00. Once you realize that you can save up an additional amount of money on top of your starter emergency fund, you will get more and more comfortable with the process of saving money for a greater purpose. In this case, it's to get out of debt one large payment at a time.

Some folks feel comfort in knowing that they can pay down their credit cards and not be fearful or anxious because they can still use the available balance if need be. I don't recommend this way of thinking. You are actually telling yourself that it's still okay to go into debt. Instead of doing this, simply focus on your emergency fund for comfort while you make these large payments towards your debts. While I see nothing wrong with the responsible use of credit cards, if you are someone who is easily tempted to go back into debt irresponsibly, then I would highly recommend destroying the credit cards as quickly as possible.

The best compliment that I can receive from you for this show is for you to subscribe to the show, rate the show, and leave a kind review for the show on iTunes or Stitcher Radio. It really helps to get the show in front of others so that they too can get out of debt and get into prosperity.

I'm also on various social media outlets if you'd like to join me on:

Twitter: @fmoodpodcast

Facebook: http://facebook.com/followmeoutofdebt

Pinterest: https://www.pinterest.com/fmoodpodcast

Mar 29 2017

11mins

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Rank #14: FMOOD 0124: Considering a HELOC?

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Are you considering a HELOC (home equity line of credit)? A HELOC is a borrowing instrument that allows you to use the equity in your home to borrow against. My wife and I talked about this and did some research, and this is the information that I found on the subject that I want to share with you today.

Personally, I think that the scariest thing about a HELOC is that your house is on the line. If you don't make the payments, your house is in serious jeopardy. Some folks ignore this risk and focus on the benefits of a HELOC, a couple of those benefits being lower interest rates than a straight personal loan as well as tax deductions at the end of the year. After looking into this, I feel that the benefits simply do not outweigh the risks when it comes to a HELOC.

Also, if you are using a HELOC to consolidate credit card debt, you are likely turning unsecured debt into secured debt. The credit card companies get their money, so they're happy. However, if you fail to pay the HELOC, you have your home securing the loan. You could actually lose your home over what used to be your credit card debt. That doesn't sound like a wise move.

A HELOC typically has a variable rate attached to it, so interest rates could rise and take your HELOC payment up with it. I personally do not like an unpredictable circumstance when it comes to managing money. Of course, you can pay more than your minimum payment due, but if you're doing that already, why not just use cash? Why put your house on the line in the first place?

Have you enjoyed this podcast so far? Would you mind providing a review for this show? It's super easy. Just go to http://followmeoutofdebt.com/review and follow the simple steps to leave a review. It only takes a few minutes, and it helps others to find this show so that they too can get out of debt and get into prosperity. We'll start a movement, and it all begins with you leaving a review!

Apr 19 2017

10mins

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Rank #15: FMOOD 0293: 5 Ways to Improve Your Life

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Here are five ways that you can implement immediately to improve your life. While everyone is different, these five methods should work for most folks who are looking for more energy, less stress, and the ability to accomplish more tasks and goals.

First off, we need to make our health a priority. Proper sleep, diet, and exercise are incredibly important. You can't enjoy your wealth without your health, so keep this mantra in mind as you make your way through the course of paying off debt in order to get to the point where you are finally able to get into prosperity. Take care of yourself throughout the entire process. You'll be happy that you did.

Next, do a little something that is related to your goals each and every day. The point is to move forward with your goals just a little more every 24 hours. Taking these small steps and actions will actually compound over time and lead to massive results.

Third, keep a journal. It will help you to empty the contents of your mind into a more tangible black-and-white representation of your thoughts. This will provide you with clarity and the opportunity to easily recall what is truly important, any dreams you may have, and things that you are thankful for. By keeping a journal, you're giving your thoughts a pathway to escape and be useful instead of keeping them bottled up in your head.

The fourth way to improve your life is to keep learning marketable skills. This will help you in your current career, whether that's getting a promotion, getting a raise, or even working for someone else who will pay you more for the knowledge that you have acquired. Essentially, you'll want to focus on learning marketable skills that will equate to more dollars down the road.

Finally, don't take everything so seriously. While it's important to be focused and serious when the time is appropriate, it's not a good idea to never take a break. We need time to decompress and relax, and if we don't, it will actually harm our ability to effectively accomplish our goals. We weren't built to always be working. Make time for fun and relaxation, and as counterintuitive as this may seem, you will actually get further ahead with your goals by simply making this change to take a break every once in a while. God bless!

Jul 23 2018

20mins

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Rank #16: FMOOD 0218: How to Stop Using Your Credit Card

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This is the one question that you need to ask yourself before you whip out the plastic. This question is essential in order to stop yourself from continuing to use credit cards while you're in the process of getting out of debt. Obviously, adding more debt to the total debt payoff is the last thing that you want to do when you're trying to be wise and responsible. Being unwise and irresponsible is how most of us got into trouble with debt in the first place!

Here it is. The question to ask yourself each and every time you are tempted to use plastic to make a purchase is simply, why? Why are you doing what you are about to do? Asking this one simple question gives you some pause. It gives you pause in order to reflect on your action before taking said action, so you are not merely acting on a whim.

You force yourself to make a more conscious decision. This is a much better plan than haphazardly using your credit card whenever the urge comes, and it helps you to understand the surface psychology behind why you continue to use credit cards as well as allowing you to drill down deeper to get more solid and concrete answers about the actions that you take, both past and present. It's a learning process, and it will always be a benefit to you to learn more about yourself.

If you know someone who may benefit from this show, please feel free to share it by sending them to http://followmeoutofdebt.com. If you're on Twitter, follow me at @fmoodpodcast for all of the latest tips, updates, and strategies to get out of debt and get into prosperity. I'm also on Facebook at http://facebook.com/followmeoutofdebt.

Aug 16 2017

14mins

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Rank #17: FMOOD 0104: My Budgeting Spreadsheet (Free!)

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Are you looking for a free budget spreadsheet that you can use for your monthly budget? I've got my personal monthly budget spreadsheet that I've used over the years now available for download. Simply go to http://followmeoutofdebt.com/budget to download my budget spreadsheet.

I'm also including instructions on how to use the spreadsheet and talking a bit about how the automatic calculations will help you to easily keep tabs on your money throughout the month. This spreadsheet will work with Microsoft Excel, Google Sheets, or any other software or online application that allows you to open and modify spreadsheet files.

The best compliment that I can receive from you for this show is for you to subscribe to the show, rate the show, and leave a kind review for the show on iTunes or Stitcher Radio. It really helps to get the show in front of others so that they too can get out of debt and get into prosperity.

I'm also on various social media outlets if you'd like to join me on:

Twitter: @fmoodpodcast

Facebook: http://facebook.com/followmeoutofdebt

Pinterest: https://www.pinterest.com/fmoodpodcast

Mar 30 2017

10mins

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Rank #18: FMOOD 0164: 8 Things You Should Not Be Paying For

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If you're in the process of getting out of debt, there are certain things that you shouldn't be paying for. You should be redirecting the monetary resources for these items towards getting out of debt instead.

I feel that you shouldn't be paying for someone to mow your lawn or any other services that are related to yardwork while you're still in the process of paying off debt. I do understand that it may be necessary to pay for larger projects that a contractor needs to be hired to do, but other than that exception, you should be doing all of your yardwork yourself.

I also don't believe in cell phone insurance or extended warranties. Both of these are a waste of money, in my opinion. I'd also stay away from banks that like to get fee-happy; you shouldn't have to pay for a place to park your money. I'll also talk about a few more things that rob us of our resources without us even realizing it, such as landline phones, cable/satellite television, newspapers, magazines, and even bottled water!

If you've been enjoying this show, please share it with some friends! Copy, paste, and share the following address to give them direct access to every single episode that I've recorded so far (including this one): http://followmeoutofdebt.com/podcast

May 29 2017

9mins

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Rank #19: FMOOD 0153: Budgeting While You're Behind

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Budgeting in of itself can be a challenge, but what happens when you have payments or other bills that have fallen behind? Adding this to trying to maintain a monthly budget can make things quite difficult. However, you do have to do something about it. You can't bury your head in the sand and hope that it will go away, because it simply won't.

The first step is to open the lines of communication with any entities that you are currently late on paying. Bringing yourself current has to be the focus, and you need to communicate with those you owe money to in order to let them know that you are aware of the situation. Sometimes, depending on the entity, they may help you to come up with a creative or alternative way of getting caught up. It's not guaranteed that they will help, but a phone call with a promise to pay is always better than not contacting them at all.

You do need to have a plan before you pick up the phone, though. If you make a payment arrangement, you need to stick with it. Be realistic when you are promising to pay, and once you make a payment arrangement, put it into your budget right away so you don't forget about it.

The second step is to utilize your budget as a tool to control your money (as you should be). Prioritize your home, whether you make house payments or pay rent. Where you rest is what you need to take care of first. Your home is your top priority when it comes to budgeting your resources. Along those same lines, your utilities to keep your home running are second in line. If you are behind on your utility bills, you need to make calls and come up with a plan to keep the lights on and the water running. 

Everything else following these two major budget items are up to you as far as order of priority. You make the decisions on what items are next in line when it comes to your personal budget. The idea here is to make sure that you take action to get your late bills caught up while you are prioritizing your budget accordingly.

Has this show been a big help to you so far? Would you like to return the favor and help me to help others? It's easy to do. Simply go to http://followmeoutofdebt.com/review and follow the simple steps to subscribe to the show, rate the show, and leave a review.

May 18 2017

11mins

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Rank #20: FMOOD 0269: Use or Be Used

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When it comes to money and personal finances, will you use or be used? Whether we realize it or not, if we're in debt, we are in a constant state of being used. Every time we swipe that credit card or sign on the dotted line of the loan form, we are allowing ourselves to be used by the associated financial institutions. We're voluntarily entering into an agreement to force ourselves to make payments for a given period of time and pay even more money for this privilege (I hope you are able to sense my sarcasm). This is truly a form of modern-day slavery.

The bottom line is that nobody likes to be used. There's almost always a negative connotation that comes along with the concept of being used. If we take some time to realize what is truly happening when we use the plastic or sign up for an auto loan, we'll definitely change our minds about this concept. We are no longer going to allow the financial institutions of the world to use us and profit from us. Instead, we're going to turn the tables in our favor.

How do we do this? We do this by paying off our debts, swearing off debt entirely, and eventually get to the point where we start to use money for our benefit. We stop feeling comfortable about being in the red and instead shoot for staying in the black. We start investing. We start saving up and paying cash for our purchases. We budget as a way to keep our money in check. We switch from being used to becoming a savvy and smart user of money. Doesn't that sound better to you? God bless.

Jan 29 2018

34mins

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