Crushing Debt

What do the wealthy do differently in regards to their money and their investments?

Why would you not want to put your money in a 401k?

This week's guest on The Crushing Debt Podcast is Stephanie Walter, CEO of Erbe Wealth. Stephanie is a legacy cash flow specialist, capital raiser, syndicator and real estate investor. Stephanie's passion is teaching people to "unlearn" what most of us have been wired to think about money, and she educates people on attaining wealth that can be passed on to the next generation.

You can reach Stephanie at:

• [email protected]
• www.erbewealth.com
• LinkedIn - stephanie-walter-057594196
• Facebook - erbewealth

Please also support our sponsors:

Sam Cohen of Attorneys First Insurance will help new and existing attorneys and title companies to review, purchase or compare malpractice insurance. [email protected] or www.attorneysfirst.com.

Mark Purvis (our editor) who created www.LegacySpotlight.com to help retirees who are looking for a fun and rewarding project that will bless their families today and for generations to come, by recording and capturing the wisdom within life's stories.

You can reach us at [email protected] or www.yesnerlaw.com.

What is Cryptocurrency and why will it impact everyone globally?

What are investors missing when it comes to blockchain technology and cryptocurrency?

What is a crypto hedge fund and how does it work?

This week's guest on the Crushing Debt Podcast is Zach Morrow, a real estate and crypto investment expert. Zach is the VP of Investor Relations at Boron Capital. I am excited to pick his brain in this week's episode to give you listeners the insider track on how to successfully produce strong returns in cryptocurrency investments.

You can contact Zach by texting the word "Info" to 877-771-0615. When you do, ask how to register for Zach's Crypto 101 Masterclass.

Please also support our sponsors (plural):
Sam Cohen of Attorneys First Insurance if you want to obtain malpractice or E&O coverage for your new lawfirm or title company anywhere in the Country - [email protected] or www.attorneysfirst.com. 

Mark Purvis, an Emmy award-winning videographer with over 23 years in marketing and advertising. You can reach Mark as his new website, www.LegacySpotlight.com, and capture your relatives and loved-ones recording their life stories to ensure your family's history is preserved in a professional and fun format!

If you have any questions for me, you can reach me at [email protected] or www.YesnerLaw.com. 

How much money does your spouse make? What about your significant other? What about your roommate or kids?

Many clients get confused that bankruptcy is based on their income alone. Unfortunately, when someone files bankruptcy, whether they can file Chapter 7 or 13 is based on the household income whether or not the spouse, significant other, roommate, etc. files bankruptcy. Unfortunately, this can cause issues when the person filing makes no money, but others in the house make a significant amount of money. How do we calculate how many people are in the household? That's the subject of today's Crushing Debt Podcast episode.

I also provide an update on the Paskay Memorial Bankruptcy Seminar, as well as the proposed increase in the automobile exemption in Florida to $5,000.

We have a second sponsor, who has actually been with the show from the very beginning. Mark Purvis, owner of Real Time Productions, Inc. is the audio editor for the show. Mark has also helped with various videos on the Yesner Law website (www.YesnerLaw.com) and our YouTube channel (Yesner Law - YouTube). You can visit Mark's website at www.RealTimeTelevision.com.

We also want to mention our long-time sponsor, Sam Cohen of Attorneys First Insurance. If you know an attorney starting his or her own law firm, or a brand new title company, that would be a great referral to Sam to write their professional liability coverage (malpractice coverage). You can reach Sam at [email protected] or www.AttorneysFirst.com.

Should you pay off your car prior to filing a bankruptcy?

Should you pay off your car even if you're not contemplating bankruptcy?

If you're in bankruptcy, and circumstances change, should you dismiss your case, or convert to another chapter in bankruptcy? Can you even do that?

I think I got my sound fixed from last week's episode, proving that even veteran podcasters get mixed up from time to time but, the show must go on!

I've also got an update on the Listener Pay It Forward Program! Do you want to go to Podfest with me, for FREE (small print: you have to pay for the hotel and transportation - but your Podfest Ticket would be no charge) !! www.podfestexpo.com

I also talk about the title of today's episode - a possible increase in the automobile exemption in the state of Florida that, if passed, would raise the exemption from $1,000 to $5,000, allowing many people who file Chapter 7 bankruptcy in Florida to keep their cars!

Also, when you're in bankruptcy and circumstances change, I describe the thought process behind dismissing your case versus converting to another chapter within the bankruptcy code (typically Chapter 7 to Chapter 13, or Chapter 13 to Chapter 7). You can find more information on these and other topics at my website - www.YesnerLaw.com or email me [email protected].

Finally, please remember to support our long-time friend and sponsor, Sam Cohen of Attorneys First Insurance. A great referral for Sam would be an attorney or title company that you know that is just starting a new business and needs malpractice insurance, especially if that new title company or law firm is located in Florida or Texas. www.AttorneysFirst.com or [email protected].

Episode 313 of the Crushing Debt Podcast means Week 1 of Year 7 of content!!

Plus we're back in the office after taking my recording equipment home after COVID shut everything down in March 2020 (although I understand I may need to tweak my sound).

I'm speaking again at Podfest 2022 in Orlando and have the ability to take up to FIVE (5) listeners with me FOR FREE. If you're interested in a free ticket to Podfest 2022, please let me know. You can visit the Podfest website at www.podfestexpo.com.

One of my goals at or before Podfest will be to explore potential co-hosts for the Crushing Debt Podcast. If you're interested, please email me [email protected].

Finally, if there a bankruptcy tsunami coming? We explore article written by Jeremy L. Retherford, Esq., and Walter E. Jones, Esq., both of Balch & Bingham, LLP, titled "What the Latest COVID-19 Surge Means for Filings in 2022" for the March 22 issue of the American Bankruptcy Institute Journal.

Please also remember to refer an attorney or title company that you know to our sponsor, Sam Cohen of Attorneys First Insurance. Sam helps attorneys and title companies all over the country, but particularly in Florida and Texas, to get fair and affordable malpractice insurance. [email protected] or www.AttorneysFirst.com.

You can email me for more information about anything covered on this week's episode or any previous episodes!

Do you want improved quality of life?

Do you want to get a handle on any financial challenge or problem?

Do you want an objective third party to help with financial decisions, or a guide to ease your financial decision-making?

Our guest on the Crushing Debt Podcast this week is Financial Coach, Dan Bobick. Dan is NOT a financial advisor, he is the owner of Money Works Coaching, a company focused on helping its clients to create a clear path of action to organize and streamline their lifestyle to help get or keep their finances under control.

Dan thinks about finances like three legs of a stool - each one is necessary to have a solid foundation - Mindset, Mechanics and Accountability. You likely didn't accrue a ton of debt overnight, so you're not going to solve or pay off your debt overnight. Dan can help you create a plan to become debt free, and then hold you accountable to working that plan!

You can find Dan at his website: www.MoneyWorksCoaching.com or email him at [email protected].

A great way to support the Crushing Debt Podcast is to refer an attorney or title company that you know to our sponsor, Sam Cohen. Sam helps attorneys and title companies with their malpractice insurance. Sam can work with attorneys or title companies all over the United States, but has a particular focus right now on Florida and Texas.

Would you hire a financial coach? Would you work with someone to hold you accountable to your financial goals? Let me know at [email protected] or www.YesnerLaw.com.

Work Smarter, Plan Better, Play Louder is the mantra of this week's guest on the Crushing Debt Podcast - Jo DiSanto.

Joe went from $70,000 in debt at age 25, to buying his first home at 30, and is now debt free. How did he do it? Was it luck?

Luck is preparation meeting opportunity!

About Joe

Joe DiSanto is a fractional CFO and consultant to small businesses and high-income individuals. He also founded the blog Play Louder, which serves as an invaluable resource to help individuals and business owners increase their net worth and plan better for their future. https://www.linkedin.com/in/josephdisanto/ https://www.facebook.com/playlouderblog/ https://www.youtube.com/c/PlayLouder

Check out some of Play Louder's most popular content…

The Financial Planning Process: Your Route to Financial Independence! How to Incorporate Yourself to Save Money (and Protect Your Assets) How to Make Your Money Work for You: 7 Modern Methods for Investing in "The Market" Top 5 Personal Bookkeeping Software Options: Personal Capital vs Mint vs Quicken vs Money Dance vs Countabout Fundrise vs DiversyFund vs CrowdStreet: The Best Sites for Crowdfunded Real Estate Investing Acorns vs Robinhood vs Webull vs M1 Finance: Which One is the Best? Play Louder's free courses… Get a grip on your finances with Personal Budgeting Basics! Learn how to Incorporate Your Business to protect your assets and save money! Analyze your Real Estate Investments like a pro! Please also visit our show's sponsor, Sam Cohen and refer him a title company or attorney who is scheduled to renew their malpractice insurance - [email protected] or www.AttorneysFirst.com. If you have a story about getting into, and then out of debt, please let me know. I would appreciate the opportunity to feature you on a future episode - [email protected] or www.YesnerLaw.com.

Would you be embarassed to get a second job, a part time job, or a side-hustle to create the additional income necessary to eliminate your debt? If you're able to provide for your family, does it really matter that your second job is driving for Uber? Working at a minimum wage job (or another minimum wage job)? What is the positive mindset of someone who owns their own business, but also must work a second job to provide for their family?

Today's Crushing Debt Podcast Episode is about how to persist when facing debt, and how to do what you have to in order to get out of debt.

Eric Bunch is a friend of the show, and a referral partner of the law firm here in Tampa Bay. Eric owns NTP2 Photography and Video and specializes in helping his clients brand themselves using custom photography and video production. Eric spends his free time with his three boys and wife camping, hiking and doing Scouts with his boys.

Eric tells his story of how he got into debt, and then what he did to get out of debt, all while owning his own business and providing for a family of five!

To reach Eric and follow his projects you can visit him on Facebook or Instagram @ntp2photography.

Eric is also a speaker at Podfest Multimedia Expo 2022, May 26 - 29, 2022, at the Hilton Orlando. You can find more details at www.podfestexpo.com, and if you attend Podfest, please come say hello to me and Eric (we'll also be rooming together at the event).

Please also support our sponsor, Sam Cohen of Attorneys First Insurance, by referring an attorney starting his own firm, or a new title company opening for business. You can connect them to Sam at [email protected] or www.AttorneysFirst.com.

What other things have you done to help pay off your debt? Please email me your stories at [email protected], and I may ask to feature you on a future episode of the podcast!

Do you worry about financial factors that are outside of your control? Do you feel anxious about your finances?

"You do not have to choose between a tremendous financial outcome and living a happy meaningful life." -- Jonathan DeYoe.

My guest this week is the author of the best-selling book "Mindful Money." Jonathan DeYoe is an Accredited Investment Fiduciary (AIF) and Certified Private Wealth Advisor (CPWA), and passionately educates businesses, individuals and parents to manage the anxiety of the unknown and focus on financial factors that they can control.

Jonathan and I talk about:

• The "no shame zone"
• Get Organized. See if or why debt is increasing
• List all of your debts and create a pay off priority
• Reduce spending and increase income
• Renegotiate, refinance and write off
• Consider bankruptcy
• What are financial illusions

Jonathan is offering our listeners his Value Purpose Goals Course for free at this link: https://courses.mindful.money/values-purpose-goals

You can contact Jonathan:

• LinkedIn: https://www.linkedin.com/in/jonathandeyoe/
• Facebook: https://www.facebook.com/MindfulMoneyPlan
• Twitter: https://twitter.com/MindfulMoney_Ed
• Instagram: https://www.instagram.com/mindfulmoneyplan
• Website: http://mindful.money/

Please also support our sponsor, Sam Cohen, at Attorneys First Insurance by introducing Sam to an attorney or title company that is just starting their company, or who needs to renew their malpractice insurance. You can reach Sam at [email protected] or www.AttorneysFirst.com.

For more information you can visit my website at www.YesnerLaw.com or email me: [email protected]

The ability to bluff makes you a good poker player, may make you a good negotiator, but may not help you resolve your debt with your creditors.

Who is "Judgment Proof" or "Uncollectible"?

In July 2018, I posted a blog titled "Bluffing Your Creditors? Debt Settlement Ain't Poker." You can find that post here: Bluffing Your Creditors? Debt Settlement Ain't Poker | Florida Bankruptcy Lawyer (yesnerlaw.com)

In the blog post, I advocate that if you have facts or circumstances that show the creditor that you are "uncollectible" then you should be 100% open and honest with the creditor - there's no need to bluff when you have nothing the creditor can collect; there's no need to bluff in debt settlement when you have the winning hand!

What are some of those factors:

• Exempt Assets (like FL Homestead, 401k, IRA)
• Head of Household Wage Exemption
• Unemployment
• Assets that are fully encumbered or leveraged by debt
• Income that is exempt (like social security or disability)

When is bankruptcy a good option versus doing nothing at all?

When is settlement of the debt a good option and under what terms - lump sum or over time?

One way to support the Crushing Debt Podcast is to support our sponsor Sam Cohen of Attorneys First Insurance. You can support Sam by referring a new attorney or title company that you know, that needs professional liability insurance to [email protected] or www.AttorneysFirst.com.

Please also visit our website to read the blog that inspired this post, and for further information at www.YesnerLaw.com.