Beste Debt Avalanche podcaster (2024)

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The Debt Snowball vs. Debt Avalanche: Which Debt Payoff Strategy Works Best? 11:36

17d ago11:36

11:36

In this episode of The Wallet Whisperer, host Tom Gibbs dives into two popular debt repayment strategies—the Debt Snowball and the Debt Avalanche. Discover how each method works, their pros and cons, and which approach might suit your financial goals best. With real-life examples, actionable steps, and expert insights, this episode will help you ma…

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Breaking the Cycle: How to Stop Living Paycheck to Paycheck 9:47

15d ago9:47

9:47

In this episode of The Wallet Whisperer, Tom Gibbs walks you through a step-by-step plan to break free from the paycheck-to-paycheck lifestyle. Learn how to track your spending, create a realistic budget, and build an emergency fund, all while tackling debt and increasing your income with simple strategies. If you’re ready to stop financial stress …

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How do I Save More Money? How do I Grow My Money? (W6:D4) Debt Free Millionaire Podcast 39:35

4M ago39:35

39:35

So why can’t we hold on to our money? Our culture recently is to spend what we want and not worry about the future. This is the mindset that gets us deep into debt and not able to pay the necessities. When you find yourself in this mindset, you again become a slave unto your debtor. The Best Ways to Save Money or Increase Your Savings: A Comprehens…

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Should I pay off my mortgage or keep it? Is this a path to becoming a Millionaire? (W6:D1) Debt-Free 24:12

4M ago24:12

24:12

HOW DO I PAY OFF MY TRANSPORTATION? Strategies for Paying Off Your Car Efficiently Owning a car is often essential for daily life, but it also comes with significant financial responsibilities. Paying off your car loan quickly can save you money on interest and provide financial freedom. Here are some of the best strategies to achieve this goal, st…

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Is College Worth it? Strategies for Paying Off Your Student Loan - (W6:D2) Debt-Free Millionaire 24:01

4M ago24:01

24:01

Paying off student loans can be a significant financial burden, but with strategic planning and disciplined budgeting, you can reduce your debt faster and save money on interest. Here are some of the best strategies to achieve this goal, along with important considerations about the nature of student loans. Understand Your Loan Terms Before you can…

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Should I pay off my mortgage or keep it? Is this a path to becoming a Millionaire? (W6:D1) Debt-Free Millionaire 35:55

4M ago35:55

35:55

Strategies for Paying Off Your House Efficiently Owning a home is a significant financial milestone, and while it brings a sense of accomplishment and stability, it also comes with substantial financial responsibility. Paying off your mortgage early can save you thousands in interest and provide financial freedom. Here are some of the best strategi…

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What's a Credit Score and Why Should I Work to Increase the Number? (W5:D4) Debt Free Millionaire 27:01

5M ago27:01

27:01

Understanding Credit Scores: Essential Knowledge for Students and Adults Credit scores are a crucial part of personal finance, impacting everything from loan approvals to interest rates and even job applications. Understanding how credit scores work and the role of debt repayment in maintaining a healthy score is vital for both students and adults.…

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How to Get Out of Debt in 6 Easy Ways - Debt Snowball vs Avalanche (W5:D3) Debt Free Millionaire 18:57

5M ago18:57

18:57

Best Strategies to Pay Off Your Debt: A Comprehensive Guide Debt can be a significant burden on both your financial and mental well-being. However, with the right strategies, you can take control of your finances and reduce or eliminate your debt. This article outlines some of the most effective ways to pay off debt, supported by relevant statistic…

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Why am I Paying Thousands Every Month, That's Not My Bills? (W5:D2) Debt Free Millionaire Podcast 33:34

5M ago33:34

33:34

(W5:D2) WHAT IS INTEREST? WHY DO WE PAY SO MUCH? Interest is the amount of money you pay based on a percentage of what you borrowed. This is typically expressed by Annual Percentage Rate (APR) or the annual amount of the loan you pay as an added fee to what you borrowed. Let me explain this differently. You borrow $1,000, you have to pay back a $1,…

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Is there such a thing as Good Debt in your Personal Life? Thoughts? (W5:D1) Debt Free Millionaire 23:55

5M ago23:55

23:55

(W5:D1) WHAT IS DEBT AND WHY IS IT SO BAD? Do you like spending money? ___________________ Do you like paying bills after you already received the gain? __________________ Now, do you like paying for something years after you enjoyed it, meaning you no longer are enjoying it but you are still paying it off. That is debt. When you are paying back an…

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Where is all your money going? Every month it seems like I make less? (W4:D3) Debt Free Millionaire 36:36

5M ago36:36

36:36

Is your money running out faster than you get paid or at least faster than you want? Where is all that money going? Have you checked your credit card statement? How many of these reoccurring expenses are you paying each month. Monthly or annually expenses are the greatest way for any company to get a lot of money from you. Because they are only dra…

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Why Do I Want to Make More, Save More, Spend Less (W4:D1) Debt Free Millionaire Podcast 29:28

5M ago29:28

29:28

(W4:D1) WHO AM I AND WHAT DO I WANT? The only way to lower your expenses is to become intentional and do it with intention and purpose. You must first start with your why and follow it up with how you will keep the momentum. Reducing you spending won’t happen on its own. Let me ask you a few questions first, so you can build your foundation. What i…

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How do you Get a Job??? PRACTICE - Try this Activity (W3:D4) Debt Free Millionaire Podcast 34:12

5M ago34:12

34:12

ACTIVITY: JOB SEARCH SIMULATION Objective: Students will gain hands-on experience with the job search process, including finding job postings, creating a resume, preparing for interviews, and evaluating job offers. Materials Needed: Computers with internet access Sample job descriptions Resume templates Mock interview questions Evaluation criteria …

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How Do I Make More Money, At My Current Job or on the Side - (W3:D3) Debt Free Millionaire Podcast 28:28

5M ago28:28

28:28

HOW DO I INCREASE MY PAY? Do you want to be paid more, faster? You have two ways of doing so: 1) ask for a raise, 2) get a second job, 3) start a business 4) invest and take the risk, or 5) stop spending money (not increasing your pay but keeping more money. But wait, you probably were just asking about #1. How do I get a raise from work? This is s…

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Are you Worth the Money you are Being Paid - Have the Skills to Advance? (W3:D2) - Debt Free Million 33:17

5M ago33:17

33:17

Minimum wage was never created to live off. This too is another diving board to propel you forward. You start at this earning level as a youth and then work your way up to making a very decent living. If you work fast food for minimum wage, see how fast you can work to become a manager. Talk to your manager and see how you can progress. If there is…

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Don't Allow Your Expenses and Credit Cards Become Your Task Masters (W2:D4) Debt Free Millionaire 36:44

5M ago36:44

36:44

The best way to become intentional with your money is to budget. This is basically a roadmap of how you want to spend your money, a spreadsheet of all your expenses and how you want to You have a certain amount of money that comes into your hands or account every month. You have a certain number of necessities due every month. Where do you spend th…

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Did you Know Generosity Can Help Lower Anxiety, Depression, & Stress (W11:D3) Debt Free Millionaire 26:42

5M ago26:42

26:42

Simplified Explanation: Every year, you are granted the ability to transfer money to a single person, without it being taxed. The federal government, in 2021, allows its citizens to transfer $15,000 to anyone, without the possibility of being taxed for it - on either side. Real Life: Generosity produces many great benefits to our life, and when you…

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How comfortable is it working in your PJs while working remotely? (W11:D2) Debt Free Millionaire 31:30

5M ago31:30

31:30

Simplified Explanation: Working remote means to work from home, or some other location, instead of at your office. Remote workers have always had a place to go, such as the library, Starbucks, and remote offices, but during the COVID pandemic, they all had to return home and work from there. Remote workers are also known for working as they travel …

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How has Food Spending Nearly Doubled, What's Gadget Depreciation? (W11:D1) Debt Free Millionaire Pod 53:08

5M ago53:08

53:08

Simplified Explanation: Frugal shopping is where you go out and buy only things that are essential; frivolous shopping is where you go out and buy things that you really want, that are not important; and intentional shopping is where you make a list of items you want to buy and only buy those specific items. Real Life: When trying to get out of deb…

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BONUS: Identity Theft and a Sneak Peak into Debt Free Millionaire - (W10:D4) Debt Free Millionaire 29:17

5M ago29:17

29:17

Simplified Explanation: Identity theft is where someone takes on your identity, by stealing your personal information and social security number, and starts making financial or security related actions, as if they were you. They take on your identity. Real Life: Think of this, you are opening your mail and it’s a stack of bills. The first one you o…

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How People with Money Make Millions During a Recession and How to Spot One Coming - (W10:D3) Debt Free Million. 45:26

5M ago45:26

45:26

Simplified Explanation: Recessions are a large downturn in the market, for two consecutive quarters. The year is broken up into 4 quarters (3 month increments - January to March, April to June, July to September, and October to December). If this downturn occurs, you can expect it to have a negative impact on your finances, whether it is losing you…

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Money, Marriage, Divorce, Children, Stress, Support, Love, Future - (W10:D2) Debt Free Millionaire 59:28

6M ago59:28

59:28

Simplified Explanation: Marriage is a culturally recognized union between two people, called spouses, that establishes rights and obligations between them, their children, and even extended family. This brings on the financial, emotional, and physical support of the other person. Some people do this differently but most times, finances stop becomin…

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Why Investing in Food Storage is Better than Traditional Investments (W10:D1) Debt-Free Millionaire 25:12

6M ago25:12

25:12

Simplified Explanation: Becoming debt free is when you do not owe anyone or any company money from a previous debt. You will still have monthly bills, but you do not owe anyone a recurring amount of money because of past choices or purchases. Real Life: Getting out of debt is a huge weight off everyone’s shoulders. When you finally get away from de…

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Don't Just Stop at an Interview, Job Shadow Your Way into a Career - (W9:D3) Debt Free Millionaire 23:20

6M ago23:20

23:20

Shadowing - If there are only a few interviewees and the manager doesn’t have a lot of time to interview you, or has already interviewed you and wants to see you in action, they will ask if you would like to shadow them, to see how they work. Always accept the invitation. This is not as much for your benefit, but to see how you interact with other …

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How to Make or Break an Interview (Individual, Group, or Panel Interviews) - (W9:D2) Debt Free Millionaire Podcast 37:43

6M ago37:43

37:43

Interview Process: When you find the job you like and turn in your resume, the next step to the process is waiting to be called for an interview. They may ask you questions or ask you to submit writing samples before you are called in, but at some point, you will be called in to talk to the company owner or manager or conference call, as they vet t…

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Are you Ready to Quit Your Job or Just Mix it up? Side-Gig? - (W9:D1) Debt Free Millionaire Podcast 43:33

6M ago43:33

43:33

Simplified Explanation: Statistics have shown that Millennials and those younger will change their jobs four times in the first decade of working; only 29% of them feel engaged at their workplace; and 50% are dissatisfied with their work (Gallup polls, 2021). Adults are prone to searching out new jobs if they don’t like their work or side gigs if t…

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Why are Used Cars so Expensive and Rent Going Up? (W8:D5) Bonus: Debt Free Millionaire Podcast 43:48

6M ago43:48

43:48

Read this Article to Get More Information: Rents are rising faster than wages across the country, especially in these cities Wages for the typical U.S. worker have surged since the pandemic, but for many Americans those gains are being gobbled up by rising rent. Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same perio…

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Are Kids Expensive to Raise... Myth or Truth??? - (W8:D3) - Part 2 - Debt Free Millionaire Podcast 28:47

6M ago28:47

28:47

Simplified Explanation: Having children costs money. You have to feed them, cloth them, shelter them, and do most things for them, until they grow up, and become adults. These increase your expenses, and reduce the time you can/should work outside the home. Real Life: Children are the greatest blessing in your life - better than anything (other tha…

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Are Kids Expensive to Raise... Myth or Truth??? - (W8:D3) - Part 1 - Debt Free Millionaire Podcast 29:03

6M ago29:03

29:03

Simplified Explanation: Having children costs money. You have to feed them, cloth them, shelter them, and do most things for them, until they grow up, and become adults. These increase your expenses, and reduce the time you can/should work outside the home. Real Life: Children are the greatest blessing in your life - better than anything (other tha…

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Is Income Tax Constitutional? Why doesn't it pay all Federal Bills? - (W8:D2) Debt Free Millionaire 52:40

6M ago52:40

52:40

Simplified Explanation: As explained before, taxes are money that is collected, by the government, from its citizens and their businesses, to pay for their operations. These are mandated payments - based on your income, property, or what you purchased - of which funds go to the operation of federal, state, county, and city government bodies. The mo…

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Where should you invest your money and how do you vet the losers - (W8:D1) Debt Free Millionaire 40:28

6M ago40:28

40:28

Simplified Explanation: Like buying a personal home, you will find opportunities to buy houses at a low price Real Life: Investments are a must learn for most people but the truth is most Americans should diversify their money into many different funds (such as mutual funds) and sit on it for 10+ years. Most advisors will tell you they can get you …

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What is happening in the Real Estate Market and will it recover? - (W7:D5) Debt Free Millionaire 19:01

6M ago19:01

19:01

Simplified Explanation: Like buying a personal home, you will find opportunities to buy houses at a low price and this will provide a way for you to buy, fix and either sell or rent it to someone needing housing. If you find a house low enough and can sell it for a large profit, it frees money to buy another, larger house at equal value to the pric…

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How do you make Millions from Real Estate? - (W7:D4) Debt Free Millionaire Podcast 37:05

6M ago37:05

37:05

Simplified Explanation: Real Estate is the buying and selling of real property, or buildings and land that have a monetary value to another party. If you can find deals and buy a piece of property, like a house, and you can fix it up or hold on to it long enough, the value almost always increases. Real Life: Real Estate is a very large subject. So …

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Animals are Expensive to Own When you are Starting Your Independence - (W7:D3) Debt Free Millionaire 19:24

6M ago19:24

19:24

Simplified Explanation: Animals are not always the easiest thing to handle. Sometimes, they are messy, need a lot of attention, and cost a lot of money to care for. They also, bring a lot of love, interest, and are great companions to have around. So, as with being intentional in life, if you are considering having of having a pet, there are some t…

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Are you a Victor or Victim? Failure or Successful? You are in control -(W7:D2) Debt Free Millionaire 21:40

6M ago21:40

21:40

Simplified Explanation: Things happen in life that we have no control over, but we do control how we will respond. The story of my heart is a fact, I have dealt with death every day of my life and now, I don’t worry about death. I won’t leave this life any faster than I am permitted. These events are to give us strength and understanding and withou…

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Where is your Paycheck Going? Who Controls Your Money? - (W7:D1) Debt-Free Millionaire Podcast 29:50

6M ago29:50

29:50

Simplified Explanation: Every two weeks or twice a month, you will receive a check or money will be deposited into your bank account based on an agreed upon amount you contracted with your employer before you started working for them. If you negotiate with them, you will be receiving an acceptable amount that both sides can work with. Real Life: Pa…

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Low Risk to High Risk Investments with Low to High ROI - (W6:D5) Debt Free Millionaire Podcast 47:15

6M ago47:15

47:15

Simplified Explanation: When you have paid off your debt, built up your emergency fund, and have excess money collecting in your savings, money that you don’t need for a while or until retirement, then you can invest that and grow it. When you are debt free and these investments - including a paid off house – add up to $1,000,000, only then are you…

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How to Pay For a Sports Car with Cash - (W6:D4) Debt Free Millionaire Podcast 21:33

6M ago21:33

21:33

Simplified Explanation: What is Savings? Savings is, of course, how much money you have stored to be used in the future. It can be saved in your mattress, in a box, or in your pocket, but most commonly, larger sums of money are stored in a bank. Savings is not something you grab from for any small thing you want, but rather money you accumulate ove…

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Is there Good Debt and Bad Debt? What do Both do to you? - (W6:D3) Debt Free Millionaire Podcast 26:00

6M ago26:00

26:00

Simplified Explanation: How much do you owe all together? This includes car, home, school and personal loans. Do you owe the utility company for late payments or a credit card? This, all together, is a specific number, weighing you down every minute of every day. Real Life: Debt is a type of modern-day “indentured servitude”. You work just to pay y…

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Business101: Profits are the Space between Revenue and Expenses - (W6:D2) Debt Free Millionaire 28:56

6M ago28:56

28:56

Simplified Explanation: Owning a business gives you more freedom, more time flexibility, more satisfaction, and more opportunities to make a difference in the world. It also brings more frustrations, more hours to work, more risk, and more stress. It is not for everyone. But, when your company is making more money than you are spending to run it, y…

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You are Only Obligated to Pay the Minimal Amount of Taxes - (W6:D1) Debt Free Millionaire Podcast 33:34

6M ago33:34

33:34

Simplified Explanation: The government needs revenue to run itself and govern the country, and decided that income tax was the best way to accomplish this. They are demanding you pay your share of the expense of the government’s existence, by giving them a percentage of your income in each paycheck, and at the end of the year, whether you work full…

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How the Economy is Killing Opportunity and How We Benefit - BONUS - Debt Free Millionaire 35:46

7M ago35:46

35:46

Here are the articles that were mentioned during the podcast and the source of the graphs we used: Economic News Release Schedule: https://www.marketwatch.com/economy-politics/calendar Leading Indicator News: https://www.conference-board.org/topics/us-leading-indicators DXY News: https://www.nasdaq.com/articles/us-dollar-dxy-index-news:-strengthens…

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Buying a New Car vs. Used Car vs Public Transportation - (W5:D4) Debt Free Millionaire Podcast 30:29

7M ago30:29

30:29

NEW DEBT (TRANSPORTATION) (W5:D4) First, before you buy a car, think about where you live. Do you need to buy a car, or would public transportation be more economical for you, at this time? Not everyone needs a car. Is your business far away from the subway? Most people in New York either walk or take the train to work each day. Is it crammed and a…

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How to Make $100,000 from your first home and everyone afterwards - (W5:D3) Debt Free Millionaire Podcast 30:49

7M ago30:49

30:49

Being Intentional: If you are intentional, you can make $100,000 off the next house you own. Here are some tips when buying a home. Buy in an area that is just about to take off. We bought our fourth house in an area that, unbeknownst to us, was about to take off. The city had just passed a bill that paid the business storefront owners to renovate …

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Rent or Buy a House? Investment or Money Pit? What is the Truth? - (W5:D2) Debt Free Millionaire Podcast 34:40

7M ago34:40

34:40

The American dream has always been to own a house; but is it the wisest investment? The way most people buy a home is like a Savings Account, and you pay very large fees. Some financial gurus will tell you it’s a bad investment, and you would be better off renting a house. Consider this though, when you buy a house, let’s say for $200,000, you will…

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How to Become a Debt Free Millionaire Just By Buying Your Own Homes - (W5:D1) Debt Free Millionaire Podcast 47:26

7M ago47:26

47:26

NEW DEBT (HOME OWNERSHIP) (W5:D1) Let's try some vocabulary today. Do you know these words? Before we teach you about homeownership, let’s talk about a few vocabulary words having to do with real estate, both for personal and commercial use: Closing – This is the day that you sign the contract to buy the house, the previous owners are paid by the l…

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BONUS EPISODE: Your Government is Lying to You About Employment Numbers - (W4) Debt Free Millionaire Podcast 32:36

7M ago32:36

32:36

Because graphs are impossible to see on a podcast, also check out our YouTube channel with Xogos Gaming: https://www.youtube.com/watch?v=Lbv7aCOkba4 Get these numbers from Zero Hedge ( https://www.zerohedge.com/political/millions-new-illegal-immigrants-mask-true-state-us-economy) For the last few years, the headline employment figure has been impre…

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Inflation is Making You Pay More on Your Debt - (W4:D4) Debt Free Millionaire Podcast 34:27

7M ago34:27

34:27

Simplified Explanation: How easy is it to stay out of debt? That depends on you. Will you borrow from another credit card, after you just paid it off? Statistics show that the more effort someone puts into something they really want, the more likely it will be permanent. If your parents paid off your debt, you would be right back into debt within m…

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Do you want lots of money??? Learn to Budget and Save - (W4:D3) Debt Free Millionaire Podcast and Personal Finance Course 31:25

7M ago31:25

31:25

Simplified Explanation: It is always best to track saving and budgeting, throughout the year. At the year’s end, it is good to see how you stuck with your goals and/or budget. Consider this your annual review. Real Life: How much do you spend each year? How much do you save? Would you like to save more? And lastly, why would you like to save more m…

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You Must Become Intentional To Succeed - (W4:D2) Debt Free Millionaire Podcast 22:59

7M ago22:59

22:59

Simplified Explanation: To become debt free, and then to become a millionaire, you need to live your life in a way in which you are fully in control - not allowing those trying to get you to spend your money to control you. Real-Life Explanation: There are many more ways to save on your expenses than we’ve mentioned, but as we talked about in this …

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