The His and Her Money Show

The debt-free story of James and Cathy isn’t your typical “we saved money and hustled to get out of debt “ story.  It’s a bit more complicated than that.  It’s also a debt-busting strategy that isn’t for the weak. After paying off close to $60,000 in loans, credit cards, and student loans, they switched to a high-paying strategy known as the Velocity Banking to pay off their house early. Tune in if you are looking for a non-traditional way to pay off debt along with the practical steps you need to make sure you stay on the “paid” side of credit.  Cathy St. Louis is a Mom and blogger who works from home and blogs about simplicity and a debt-free lifestyle. You can follow her and James’  journey on their website and Instagram.   WHAT YOU WILL LEARN  What caused James and Cathy to make the shift to debt crushers Why Catchy and James decided to trade in a car to save on expenses and continue their debt journey How to manage debt when one partner is a big spender Why ego is a big part of the issue with overspender Getting a good deal on your car trade-in Building a sales cushion while paying off debt Using bigger sums of money (like a bonus or tax refund) to pay off debt Cathy and James’ unique strategy of using the HELOC to pay off a debt off fast Why James and Cathy chose to use the Velocity Banking method in the first place How they invested in Velocity Banking without getting   RESOURCES MENTIONED What is Private Mortgage Insurance? Bankrate Velocity Banking Calculator   THANKS FOR LISTENING! Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

Whatever you do in life, is a God giving feature and a blessing. That is the message Jordan Raynor preaches to the public and those who are willing to listen. Benjamin Franklin stated, “Be a Jack of All Trades and a Master of One!”. It is inevitable to be a ‘Jack of All Trades’ or to have many skills and talents, however, it is often that we are not a master of a single skill or talent within our arsenal.  In this episode of the His & Her Money Show, we discover the story of Jordan Raynor, and know that everything we do, is an opportunity to be excellent!   THANKS FOR LISTENING Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

Real estate investing is an activity that’s becoming popular by the day, but how do you get started? How do you make the leap from potential real estate investor to someone who’s walking out with a loan for a new soon-to-be money-making property? In this episode of the His & Her Money Show, we talk with one of the experts that can get you started. Jarrod Greer is the VP of Mortgage Lending at Guaranteed Rate and a renovation specialist who can help you navigate the paperwork you need to start making a profit.   WHAT YOU WILL LEARN  What do I need to be a real estate investor? Buying and investing in real estate after the 2006-07 Recession...and possibly a future recession House hacking Why you need to plan more before we buy a home Your credit score: How does it impact real estate investing and how can I improve it? Difference between FHA (Federal Housing Authority) loans and commercial loans What’s the best credit score for an ideal rate? Renovation loans- What it is and how can I get one? Debt ratio-What is it and how does it impact my real estate investing How much money do I have to put down for an investment? ARV(After-repair value) and its impact on a renovation loan Why you need a team when you invest in real estate What you need to know before you meet a loan officer Why is it important to know all of the stuff (like loan requirements) when you’re investing?   RESOURCES MENTIONED How to Get Started with House Hacking Federal Housing Authority Loans (HUD) FHA vs Commercial Loan: Which One is Right for You? (NerdWallet) How to Get Started with House Hacking to Build Real Estate Wealth (College Investor)   THANKS FOR LISTENING! Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

Erica Wade brings the “hustle” when it comes to kicking debt’s butt and she shares her journey with us on the His & Her Money Show.  Tune in if you are ready to hear how Erica slashed her debt, built a mini side hustle empire and live a financially disciplined life that inspires others while treating yourself at the same time.   WHAT YOU WILL LEARN  The lasting positive impact the His & Her Money Show had on Erica  Tackling different types of debt What to do when you get overboard with budgeting ...and how Erica fixed the problem The most important account in Erica’s budget Why you should have fun built into your budget Handling the extra money from a side hustle How to balance a side hustle with the rest of your life Dealing with naysayers on your debt-free journey Going beyond the side hustle” Erica’s plan to move from side hustle to side hustle empire   RESOURCES MENTIONED The His and Her Money Show To Do Better With Your Money in 2019, Focus on Self-Care (StudentLoanHero.com)   THANKS FOR LISTENING! Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

In this episode of the His & Her Money, Clark Kendall shares how it’s possible for everyday, middle-class people like your janitors, hair salon owners, and teachers have the potential to become millionaires through smart, strategic investing.  Clark Kendall is the President of Kendall Capital Management and author of the fantastic book Middle-Class Millionaire. Furthermore, Clark has 30 years of experience in investment and wealth management with the academic knowledge obtained from the Chartered Financial Analyst® (CFA), Accredited Estate Planner (AEP®), and CERTIFIED FINANCIAL PLANNER (CFP®) programs.   WHAT YOU WILL LEARN  How his childhood & passion for working with the middle class led him to write “Middle-Class Millionaire” Biggest misconceptions about retirement How to set yourself up for smart investing...even if you don’t have a million dollars in the bank Why you should adopt a saver’s mindset to become a better investor Why Clark says we need to rethink retirement Teaching financial literacy to your kids The unique way Clark taught his kids financial literacy How can someone get started in investing? What is tax diversification?   RESOURCES Middle-Class Millionaire: Surprisingly Simple Strategies to Grow and Enjoy Your Wealth 40% of Americans can't cover a $400 emergency expense (CNN Money) Rule of 72 (Investopedia) Uniform Gifts to Minors Act (Investopedia) Qualified Charitable Deductions (TheBalance)   THANKS FOR LISTENING! Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

A couple committed to a debt-free journey is a force to be reckoned with… In this “In the middle” episode, we talk with Walter and Latasha about the strategies and inspiration that helped them knock off $22,000 out of their $66,000 worth of debt within months.    WHAT YOU WILL LEARN IN THIS EPISODE Why Walter and Latasha decided to make their debt-free journey a family affair  The sacrifices Latasha and Walter made to stay on their debt freedom plan Getting your spouse on board when you’re on a debt-free journey Why April decided to sell her home (for a good profit) to knock thousands of dollars in debt The big step Walter and Latasha took to save money while paying off debt How to adjust your debt freedom plan with your pay schedule  The mindset shift about debt that transformed how Latasha and Walter felt about the debt The medical wake-up call that helped Latasha see the importance of having a back-up plan The financial legacy Walter and Latasha wants to leave for their children Walter and Latasha’s plans for the future Finding opportunities to pay for your goals while paying off your debt at the same time Dealing with emergencies and new bills on your debt freedom journey Why your debt-free journey affects more than you   RESOURCES Walter and Latasha on Instagram (@simplyfitandfrugal)

When it comes to commitment in the debt-free journey, there is commitment...and then there is the April Wesley level of commitment. This is the kind of commitment that led April to do whatever it took to kick debt out of her life. Whether that was selling her car and riding the bus until she could afford to buy one, adopting a zero-based budget and not going over that budget even if she only had $3.00 left for food that week. In this episode of the His & Her Money Show, you will hear about the incredible “getting out of debt” story of April Wesley.    WHAT YOU WILL LEARN IN THIS EPISODE The life-altering moment that made April become a debt fighter The important resource April turned to feed her new debt-free financial mindset (Hint: You’re reading about it right now) The first steps April took to begin her debt-crushing lifestyle Why you need boundaries in your personal finance journey The unique way April built a money mindset while broke The dramatic step that April took that shocked everyone How to sell your car for the highest price...even if you still owe money for it Dealing with criticism on your debt-free journey Why April decided to sell her home (for a good profit) to knock thousands of dollars in debt   RESOURCES Total Money Makeover Kelly Blue Book Buying a Used Car: Private Seller or Dealer? (AutoTrader.com) What is a Debt Avalanche? (NerdWallet.com) April Wesley on Instagram Reign Budget Curation on Instagram Queenship Restored on Instagram Queenship Restored website

In this episode, Bart and Felicia talk about the process of going from having hundreds of thousands of dollars in debt to a debt-free lifestyle that is creating an entirely new reality for the financial future of their family.    WHAT YOU WILL LEARN IN THIS EPISODE The importance of having an accountability partner in your debt-free journey How to deal with the fear of a budget How to deal with the fear of facing your debt The strategy Bart and Felicia used to knock out $35,000 in debt in just 6 months How Bart and Felicia tackled a $100,000+ mortgage Why you need to have fun while you’re cutting your debt How Bart and Felicia dealt with social pressure to remain financially disciplined Telling your family and friends about your debt-free journey Felicia’s and Bart’s next ambitious goals The impact Felicia’s and Bart’s financial decisions will have on the financial future of their kids   RESOURCES Dave Ramsey’s Baby Steps 9 Easy Steps to Make Your Next Family Budget Meeting Awesome

Jason and Desiree are another couple in the middle of their debt journey, but their story (like everyone else’s) is unique.  In their situation, Desiree and Jason are tackling student loans and mortgage along with medical bills, credit card debt, and more. Despite all of this, they have tackled the medical bills, car loans, credit cards, and have an eye on knocking out the rest.   WHAT YOU WILL LEARN  How Jason and Desiree finally committed to a debt-free journey after trying inconsistently for years How to balance saving and spending Budgeting strategies to balance budgeting and saving The hardest part of being in the middle of a debt-free journey How to deal with haters and naysayers (and people who just don’t know) on your debt journey How do you adjust your debt when emergencies (like a new baby) happen? Keeping your partner accountable during your debt-free journey How to avoid arguments with your partner when you have different spending happens   RESOURCES MENTIONED Rachel Cruze podcast Chris Hogan Show How the Debt Snowball Method works

On today’s episode of The His & Her Money Show, we talk with Lawrence Gonzalez about building a comprehensive wealth that builds a new family legacy. In the pursuit of a good career, Lawrence’s net worth was a negative six figures. With hard work and plan that started with an embarrassing credit card moment in the store, Lawrence is pulling himself out of debt and has a positive, 6-figure net worth. On top of that, Lawrence is using the lessons and experiences from his childhood to maximize every cent of his money through a variety of tools including Health Savings Accounts (HSAs), 401Ks, rental income, house hacking, and more.    WHAT YOU WILL LEARN How Lawrence moved from a net worth of NEGATIVE six figures to a POSITIVE six figures The wake-up call moment that pushed Lawrence to take ownership of his money The sneaky little financial habits that were destroying Lawrence’s money goals The steps Lawrence took to start taking ownership of his money How Lawrence ended up moving from an estimated $20,000+ salary to $64,000 in a year The importance of mindset when you’re making financial moves for the better The lessons and experience Lawrence used to help him today Why personal finance should be about YOUR personal finances What is a “Net-Max” plan? Why we should prioritize our money to fit our definition of happiness Finding ways to increase savings with the money you already have How Lawrence is using rental income to fund his mother’s retirement  and change his family legacy Lawrence’s secret strategy for real estate investment The triple tax advantages of HSA’s   RESOURCES MENTIONED Toastmasters International  What is an HSA? (NerdWallet.com) What Is a 401(k)? (Washington Street Journal) What Are the Differences Between SSI and SSA Benefits? Cozy (rental app) What Is An HSA? Health Savings Account Tax Advantages Draw Fans Lawrence Gonzalez on LinkedIn L’Union Suite   Today’s show is sponsored by Legal and General America. Legal & General America makes understanding and applying for life insurance easy. Also, agents are standing by to help you determine the best coverage to fit your family’s needs. Visit  HisandHerMoney.com/lgapodcast to get started on your journey toward financial wellness.