How do you teach your kids about money?

How do you teach your kids to save money?

Is it better to invest in a Certificate of Deposit (CD), Money Market Account, IRA, College Plan, or something else? 

Do your kids know the "Rule of 7?"

This week's Crushing Debt Podcase episode is inspired by Shawn's son's Bar Mitzvah, where he received quite a bit of money in the forms of gift cards, checks, cash, and even a portion of a Real Estate Mortgage and Note.  That got us to thinking - how do you teach your kids about money?

What is more important - short term or long term? How important is learning patience when it comes to money? Do you get the kids something tangible to represent the investment?

We answer these questions and more on this week's episode.

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CD20. Shawn has been using Magic Mind to crank out work with no sugar high or crash and no impact on his diabetes!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our  Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders0

8  

What is Zombie Debt?

How do you resurrect your finances after debt rises from the grave?

How do you protect yourself from old debt?

What happens when debt expires?

Happy Halloween!!  Debt doesn't have to be scary, but debt that resurrects itself can be.  What is more scary than debt is burying your head or ignoring your debt.  In the State of Florida, debt is valid for 20 years from the time a judgment is entered (and we have seen one or two cases where the creditor filed to extend the debt beyond it's 20-year life). In some cases, creditors are trying to collect debt that has been discharged in bankruptcy, that has been expired, or that is beyond the statute of limitations.

What can someone do in a scenario like this?  How can you protect yourself? That's the subject of today's podcast episode.

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CD20 and enter code CD20. Shawn has been using Magic Mind to crank out work so he can go trick or treating with his kids, with no high, no low, and no sugar impact or crash!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected]  or visit www.YesnerLaw.com.  And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

How can you get the government to give you money to pay rent, mortgages and utilities?

Is grant money easy to get?  Do you have to pay it back?

This week's episode is one of the few that carry an "Explicit" tag, so if you don't like the occassional bad word, please skip today's episode and we'll talk to you again next week.

This week's guest is Matthew Lesko, a renown expert in government grants and financial aid, known for helping individuals access funding opportunities. He has been studying grants for nearly 48 years, has been awared two New York Times Best Sellers, and has been a syndicated columnist for The New York Times and Good Housekeeping Magazine.

Shawn & George talk to Matthew about government grants including how to get them, common misconceptions, and other useful websites and resources to get FREE MONEY!

Specifically, some of the sites mentioned:

• www.trylesko.com
• www.sba.gov/local-assistance
• www.eda.gov
• www.findhelp.org
• www.careeronestop.org
• www.commoncause.org/find-your-representative
• www.eldercare.acl.gov

There are TONS of resources out there to help you with starting a business, disaster funding, veteran's benefits, etc. You have to do some due diligence and research, but you can find sources that will grant you various amounts of money.

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CD20. Use the code "CD20" - a NEW code - to get 20% off your first order of Magic Mind. Now that Hurricane clean up is under way, Shawn & George have been using Magic Mind to stay focused, and get clean up completed so we can get back to work. It tastes great, has all natural ingredients, with no high and no crash!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected]  or visit www.YesnerLaw.com.  And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

How well do you know your financial slang?

How often do you use financial slang?

Back in Episode 433, we discussed some new terms - HENRY (High Earner Not Rich Yet), ALICE (Asset Limited, Income Constrained, Employed) and DINK (Dual Income No Kids).  That got us to thinking, what other slang words are there?

We have some of the common ones:

• Paycheck to paycheck
• FOMO (Fear Of Missing Out)
• YOLO (You Only Live Once)
• Underwater
• Credit Rich, Cash Poor
• Broke AF
• Sandwich Generation

However, we found some lesser-known, but still slang terms. To learn what these mean, you'll have to listen to today's episode:

• Fat Finger
• Muppet
• Flexing v. Low Key Rich
• Cockroach Theory
• Eat Your Own Dog Food
• Tip from a Dip
• Financial Glow Up
• Cookie Jar Accounting
• Money Moves

Which ones do you know? Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20.  Our code is changing soon, so use this code NOW for 20% off your first order. Especially with a hurricane(s) approaching, Magic Mind has been useful for Shawn & George to clean and prep their homes in advance of Milton's arrival. 
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our *Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com.  And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

What do you do after a storm or other natural disaster?

Last week, Hurricana Helene impacted Florida, Georgia, Tennessee and the Carolinas. While the eye of the storm didn't directly hit Tampa Bay, this area suffered a tremendous amount of storm surge and flood damage.

We hope that our listeners made it through the storm okay, but we recognize that many of our friends, family and listeners were not so lucky.  The purpose of this week's episode is to provide resources to assist those of you impacted by Hurricane Helene, or if you are impacted by some natural disaster in the future.

Some things you should immediately do:

• Call Your Insurance Carrier
• Call A Restoration Company, Public Adjuster, Contractor
• Call the Bank
• Tap Into Your Savings if necessary
• Be Careful about Fraud

Let us know if you need anything following Hurricane Helene, or share this episode with friends who may need some help!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Especially in helping with storm clean up, Magic Mind has been great to provide an energy and focus boost with no high, no low and no sugar crash!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

Where do you get your financial advice?

TikTok or other social media?

From a Financial Advisor, CPA, or attorney?

From parents or friends?

In this week's episode, Shawn & George take a look at some common tips that most people promote as financial advice. What can we debunk, what can we learn from, what is solid advice? Things like:

• Budget
• Get Out Of Debt
• Live on Less Than You Make
• Save Money

What other financial advice have you received? What has been good about that advice? What has been bad? Please reach out and share your pros and cons of verious financial advice you received!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Get focused, with no sugar high and no sugar crash, plus it tastes great!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected]  or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

Who is H.E.N.R.Y.?

Who is his friend A.L.I.C.E.?

What are some signs that you might be dealing with a H.E.N.R.Y.?

In 2003, Shawn Tully wrote an article for Fortune Magazine introducing us to H.E.N.R.Y. - High Earner Not Rich Yet.  This is someone who makes between $250,000 and $500,000 per year, but because of taxes, housing and family costs, basically lives paycheck to paycheck. 

In this week's episode, George and Shawn talk about H.E.N.R.Y. and his friends, A.L.I.C.E. (Asset Limited, Income Constrained, Employed) and D.I.N.K. (Dual Income, No Kids).

What are the pros and cons of being H.E.N.R.Y.? How can you break the cycle to become rich and stop being H.E.N.R.Y.? How can you climb out of the hole if you're A.L.I.C.E.?

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20.  Great taste, focus throughout the day, no sugar high, no sugar crash!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

What would you do if you lost it all?

How would you recover after the crash of the market?

In today's podcast espidose, Shawn & George talk to Kevin Bupp, a real estate investor, podcast host, and best-selling author.  Kevin had over one hundred single-family homes until the Great Recession in 2008, when he found himself in foreclosure and lost everything. Slowly, he rebuilt his financial life and today is again a successful real estate investor focusing on mobile home parks,  parking lots, and other commercial deals through his private equity firm, Sunrise Capital Investors.  Find out the secrets to Kevin's success in today's episode.

You can listen to Kevin's podcast, "Real Estate Investing for Cash Flow" wherever you listen to podcasts.  You can pick up a copy of his book, "The Cash Flow Investor."

You can also connect with Kevin:

• Email: [email protected]
• www.Linkedin.com/in/KevinBupp
• www.facebook.com/KBupp
• www.instagram.com/buppkevin
• www.youtube.com/user/KBupp

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Focus, energy and great taste, without the sugar high or crash. Both Shawn & George use Magic Mind regularly to help power through the day!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

George has been a co-host of the show for more than two years, but what the heck does he do?

We know what a swing coach would do in golf, what a pitching coach would do in baseball, what a QB coach would do in football, even what a business coach would do for a business owner, but what does a financial coach do?

On this week's episode Shawn & George discuss Financial Coaching. What it is and what financial coaches do for their clients, which is basically:

• Establishing good habits around money, or helping to identify bad money habits;
• Accountability;
• Financial literacy;
• Identifying your "why" around money; and
• Motivating you.

When you step back and look, this is what any coach would do on any subject, really.  We also talk about how to choose a financial coach, and what things you should look for in a financial coach.

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Shawn and George have been using Magic Mind to help improve focus and energy with no crash and no inability to get to sleep!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

What lessons would you tell your younger self?

What lessons did you learn that you want to pass off to your kids?

In this week's episode, George & Shawn talk about what they've learned that they can pass on to their kids, or things they might do differently if they could rewind time.

Things like:

• Be intentional in your money decisions.
• Don't keep up with the Joneses.
• Have a plan or a budget.
• Money attitudes & behaviors.
• Financial literacy.
• Cook as much as you can.
• If you can't pay cash, don't buy it.

What other money lessons have you learned that you would tell your younger self or your kids?

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Shawn has been using Magic Mind to increase focus and crank out work with no crash and no inability to get to sleep!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected]  or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08  

What is your favorite roller coaster? Are you a fan of wooden coasters? Thrill-ride coasters? Coasters that go upside down? Coasters contained totally inside?

What is your favorite theme park?

Would you take out a loan to fund your vacation?

Would you fund your vacation with credit card debt?

What are some money-saving techniques that you can implement to reduce the cost or expense of your vacation?

Shawn & his family just got back from a trip to Disney World in Orlando, Florida. One of our listeners (thanks Ford Kyes!) sent us an article titled "Disney World Beckons These Families. So Does Debt" from the Tampa Bay Times: https://www.tampabay.com/news/business/2024/07/31/disney-world-beckons-these-families-so-does-debt/

In this week's episode, Shawn & George talk about how to vacation on a budget. And while Disney is notorious for being expensive, this is not a conversation limited to Disney. It applies to all the theme parks equally - Disney, Universal Studios, Legoland, Six Flags, Great Wolf Lodge, etc. For example:

• Is it worth it to buy the pass to skip the line?
• Do you stay in the park hotel or offsite?
• Do you have to book airfare or can you drive to the theme park?
• Are there any resident or other types of discounts?
• Do you bring food and snacks versus buying them in the park?

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Shawn & George have been using Magic Mind to crank out work and it has helped their focus and energy with no crash and no inability to get to sleep!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08