Crushing Debt

Do you come back from vacation amazed at how much you spent while you were away? Do you feel like you have to get back to work just to pay for the great time you just had?

If you're listening to this episode of The Crushing Debt Podcast on its day of release, I'll be getting ready to leave for a few days with my family at Disney World in Orlando, FL (about 1.5 hours from where I live in Tampa). That made me think of over twenty different ways to eliminate debt while on vacation, so that you come back truly refreshed and recharged.

You have to listen to the episode to hear all 21 ideas, but some include:

• Bring water and snacks with you;
• Look for specials;
• Book air, hotel & rental packages;
• Buy travel insurance;
• Driving vs. flying;
• Lunch vs. dinner; and
• HAVE FUN !!

After listening to the episode, do you think I missed anything? Please let me know at [email protected].

Please also support our sponsor Sam Cohen of Attorneys First Insurance by referring him an attorney or title company you know that needs to buy or renew its malpractice insurance. [email protected] or www.AttorneysFirst.com.

I have podcast episodes and blogs about how to come off of Freddie Mac's Exclusionary List, but today's Crushing Debt Podcast episode discusses what to do if you get a letter that Freddie Mac intends to put you on the List. Is it possible to stay off the List if Freddie believes you should be on the Exclusionary List?

For other episodes describing what the List is? The significance of being on the List? How someone can come off of the List? An analysis of the different techniques that have and have not worked to get someone off the Exclusionary List. And other topics, you may want to check out the following previous episodes:

• 32 - Freddie Mac Exclusionary List - https://traffic.libsyn.com/forcedn/yesnerlawpodcast/EP_32_YL_Podcast_FHLMC.mp3
• 83 - Freddie Mac Exclusionary List Update - https://yesnerlawpodcast.libsyn.com/episode-83-freddie-mac-exclusionary-list-update
• 132 - Coming Off the Freddie Mac Exclusionary List - https://yesnerlawpodcast.libsyn.com/episode-132-coming-off-of-the-freddie-mac-exclusionary-list
• 179 - Freddie Mac Exclusionary List Policy - https://yesnerlawpodcast.libsyn.com/freddie-mac-exclusionary-list-policy-episode-179
• 262 - The Secret to Coming Off The Freddie Mac Exclusionary List - https://yesnerlawpodcast.libsyn.com/the-secret-to-coming-off-the-freddie-mac-exclusionary-list-episode-262
• 277 - Top 5 Myths About The Freddie Mac Exclusionary List - https://yesnerlawpodcast.libsyn.com/top-5-myths-about-the-freddie-mac-exclusionary-list-episode-277

If you have questions about the Freddie Mac List, please contact me at [email protected].

Please also support our sponsor, Sam Cohen, by introducing him to an attorney or title company looking to renew their malpractice coverage at [email protected] or www.AttorneysFirst.com.

Do you continue to learn? What do you do to feed your body, your mind, and your spirit?

Long time listeners know that I read, at least 30 - 45 minutes per day in the morning when I first wake up as part of my daily routine to get ready for my day. The house is quiet and my wife and kids are still asleep (most mornings).

Each year, I like to do an episode on some of more impactful books I've read the previous year, which is the topic of today's Crushing Debt Podcast episode.

While I don't talk about every book (there were 26 of them this year), I do give you brief summaries and take-aways from the following books. My hope is that you find some books in the below list that interest you, that you can read over the coming years:

• You Can Negotiate Anything - Herb Cohen
• Shark In The Housing Pool - Matthew Cox
• Clockwork - Mike Michalowicz
• The New Great Depression - James Rickards
• Why My J.O.B. Quit Me - Mechiel Kopaska
• Remarkable Business - Contribution by Shawn Yesner
• Your Best Year Yet - Jinny S. Ditzler
• The Energy Bus - Jon Gordon
• Bitcoin Billionaires - Ben Mezrich
• The Bomber Mafia - Malcolm Gladwell
• The Pumpkin Plan - Mike Michalowicz
• Building a Story Brand - Donald Miller
• The 401k Revival - Michael Watkins
• The Creature from Jekyll Island - G. Edward Griffin
• The Diabetes Code - Dr. Jason Fung
• Permission Marketing - Seth Godin

I had the privilege to interview some of these authors about their books on my show during the year.

• Mike Michalowicz - Episode 231, Become Debt Free with Profit First
• Michiel Kopaska - Episode 263, Stuck in a J.O.B.?
• Michael Watkins - Episode 284, Sidestep the Market Crash (plus episodes 196 and 97)

I would also like to know what books you've read that are not on this list, that I can read this year or next. What books have had the greatest impact on you, or you have enjoyed reading? Please email me at [email protected].

Please also support our friend and sponsor, Sam Cohen at Attorneys First Insurance by introducing him to an attorney or title company that would like a quote on malpractice insurance. You can connect an attorney or title company to Sam at [email protected] or www.AttorneysFirst.com.

How young did you begin to learn money management skills? How early are you teaching your kids these skills?

When did you buy your first home? Do you wish you did sooner?

How do you teach your kids how to achieve financial independence at a young age?

This week's guest on the Crushing Debt Podcast is Dan Sheeks, the newest Bigger Pockets published author, with his book First to a Million: A Teenager's Guide to Achieving Early Financial Freedom.

Dan is a 19-year high school business and marketing teacher, real estate investor, and personal finance advocate in Denver, CO. In late 2019, Dan launched SheeksFreaks, an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence.

Dan's Instagram: https://www.instagram.com/dsheeks/

Dan's email: [email protected]

Sam Cohen of Attorneys First Insurance supports the show in multiple ways (including offsetting many of the costs of production). Introducing him to attorneys and title companies is a great way to show your support for the show. [email protected] or www.attorneysfirst.com.

Finally, get ahold of me and let me know what you think of this week's episode- [email protected] or www.YesnerLaw.com.

Small claims court is designed to allow people to settle their disputes, in court, without using attorneys.

The proceedings are a little less formal, there are opportunities to settle the dispute through mediation right at the beginning of the process, hearings are streamlined, and the process is for disputes of $8,000 or less (in Florida).

What should you know about small claims court, and why do few attorneys like to practice in small claims court?

At the very beginning of the show (Episode 7) I also discussed small claims court. You can hear that show at: https://traffic.libsyn.com/secure/yesnerlawpodcast/236985793-yesner_law_podcast-episode-7-small-claims-court.mp3

Please also support our sponsor Sam Cohen at Attorneys First Insurance by introducing him to an attorney or title company that is in need of malpractice insurance, or who has a malpractice insurance renewal approaching. [email protected] or www.AttorneysFirst.com.

If you think it would be helpful for me to develop a course of some materials to help people navigate small claims court with the knowledge of attorney, but without the price tag of one, please let me know - [email protected] or www.YesnerLaw.com.

What is your system for setting and tracking your goals?

What did you accomplish in 2021? What are you proud of? What could you have done better?

What will 2022 bring? Will there be a spike in foreclosures? A spike in bankruptcies? A real estate bubble? Inflation?

In this week's episode of The Crushing Debt podcast, I talk about my successes in 2021 and how those can help you, plus my predictions for what 2022 will bring.

Hopefully, 2022 means increased support of our sponsor, Sam Cohen of Attorneys First Insurance. If you know an attorney or title company that needs to shop its malpractice coverage, please let Sam know - [email protected] or www.AttorneysFirst.com.

Do you want to know more about how I set and track my annual goals? Do you agree with my 2022 predictions? Let me know at [email protected] or www.YesnerLaw.com.

Did you know that a HELOC is a second mortgage - it's a home equity line of credit?

Did you know that sometimes a second mortgage can be eliminated in a bankruptcy, but sometimes not?

What happens when, years later, the second mortgage tries to collect after being included in a bankruptcy?

We cover all of these topics and more in this week's episode of The Crushing Debt Podcast.

What is a reaffirmation agreement (listen to Episode 188 for more information) and how does it factor into the analysis here?

Unfortunately, I've seen an increase in cases where someone filed bankruptcy and didn't know they had a second mortgage, didn't realize they had a second mortgage, or didn't properly address their second mortgage within the bankruptcy case. What can I do about it years after the fact? Likely not much, but, as always, I have a few options.

If you have questions about your second mortgage and bankruptcy, please contact us or a local attorney. You can reach me at [email protected] or www.YesnerLaw.com.

Please also support our friend and sponsor Sam Cohen by introducing him to an attorney or title company you know that wants to competitively shop their malpractice insurance renewal. Sam can work with an attorney or title company anywhere in the country, but prefers working with attorneys and title companies in Florida or Texas. You can reach him at [email protected] or www.AttorneysFirst.com.

What could you do with an extra $300 or more in your budget each month? Could you pay off debt faster? Save more money for retirement? Invest? Take a vacation?

In honor of our three hundredth episode of The Crushing Debt Podcast, I brainstormed nearly twenty ways to give you back $300 into your monthly budget - whether by cutting expenses or increasing revenue.

Some of these techniques are discussed in my second book, Become Debt Free in Less Than One Hour, and some of them are new!

Are there any that I forgot?

As I consider hitting the three hundred episode mark, I'd like to thank: all of you listeners for supporting the show, our current sponsor and all of our previous sponsors, all of our guests, and any one else who directly or indirectly has given me advice, feedback or simply a shoulder to lean on from time to time.

Speaking of - please support our sponsor, Sam Cohen of Attorneys First Insurance by referring a title company or attorney to him for a malpractice coverage quote. Sam can be reached at [email protected] or www.AttorneysFirst.com.

If you have any comments or feedback for me, please contact me at [email protected] or www.YesnerLaw.com.

What four (or five) creditors can foreclose and take away your primary residence?

What legal authority in Florida allows a creditor to take your home?

How does the Florida Homestead Laws play into this analysis?

What can I do if my credit card company records a judgment against my homestead property?

In this week's episode, I describe the four (maybe five) creditors that can take your primary residence through foreclosure: (1) Property Tax Collector, (2) Mortgage Company, (3) Contractor who does work on the home, (4) the IRS, and (5) your homeowner or condo association.

The authority for them to do this, or more accurately, the inability of other creditors from doing this - like credit cards, hospital bills, student loans, etc., is found in the Florida Constitution, Article X, Section 4, and Florida Statutes Chapter 222.

I've been able to use a "Notice of Homestead" to eliminate unsecured liens against homes, but it is not a quick process. Therefore, you want to ensure that you file and record the Notice of Homestead far enough in advance of closing for it to eliminate the lien.

Some of the links mentioned in today's episode:

• Florida Constitution, Article X, Section 4: https://www.flsenate.gov/Laws/Constitution#A10S04
• Florida Statute, Section 222.01: http://www.leg.state.fl.us/STATUTES/index.cfm?App_mode=Display_Statute&Search_String=&URL=0200-0299/0222/Sections/0222.01.html
• Florida Statute, Section 222.02: http://www.leg.state.fl.us/STATUTES/index.cfm?App_mode=Display_Statute&Search_String=&URL=0200-0299/0222/Sections/0222.02.html
• Episode 15 - Florida's Homestead Exemption: https://traffic.libsyn.com/secure/yesnerlawpodcast/256517732-yesner_law_podcast-episode-15-florida-homestead-exemption.mp3
• Episode 104 - Property Tax Portability: https://yesnerlawpodcast.libsyn.com/episode-104-property-tax-portability
• United States v. Craft, 535 U.S. 274 (2002): https://scholar.google.com/scholar_case?case=1796521700192014966&q=United+States+v.+Craft&hl=en&as_sdt=40006

The Notice of Homestead procedure is found in Section 222.01 and is fairly straight forward, but if you need help, please contact our office.

Please also visit our sponsor Sam Cohen for an "apples to apples" comparison of malpractice insurance if you are or if you know an attorney or title company in Florida or Texas. [email protected] or www.AttorneysFirst.com.

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

What is the difference between a Warranty Deed, Special Warranty Deed and Quit Claim Deed?

What is a Quick Claim Deed (hint: doesn't exist)?

Why is it important to recite marital status on a deed and mortgage?

Can someone qualify for financing immediately after being foreclosed (hint: yes!)

On this week's episode of The Crushing Debt Podcast, I follow up from episode 296 to talk about the different types of deeds in Florida, and then answer a few listener questions.

You would do me a huge favor and show your support for the show by introducing a title company or attorney in Florida or Texas who is due to renew their malpractice insurance to our sponsor, Sam Cohen at Attorneys First Insurance. [email protected] or www.AttorneysFirst.com

If you want me to answer your question on a future episode, you can contact me at [email protected] or www.YesnerLaw.com.