Crushing Debt

Do you have a student loan owned by the Department of Education (rather than a private student loan) AND a finding of disability by the Social Security Administration? There's been a change in the law to link those two things to provide a disability discharge of your student loan!

On this week's episode of The Crushing Debt Podcast, we are happy to have returning guest Christie Arkovich to talk about discharging student loans for people with disabilities. Under the new law, a finding of total permanent disability (TPD) by the Social Security Administration or the Department of Education can lead to a discharge of your student loan debt.

Christie has been helping people eliminate or negotiate student loans for years and has become one of the top attorneys in this area. You can hear Christie on previous Crushing Debt episodes:

• 50 - Student Loan Debt
• 93 - Public Service Loan Forgiveness (PSLF)
• 99 - Parents Plus Loans
• 106 - Stopping the Robocalls
• 234 - Discharging Student Loans in Bankruptcy

You can find out more by contacting Christie at her email address - [email protected], or finding her YouTube Channel by searching "Christie Arkovich."

Some other topics we discuss:

• Tax impact of settling private student loans between now and 2025;
• Suspension of the 3-year monitoring requirement with a TPD application
• Extensions to Student Loan repayment under COVID

Please remember to visit or refer an attorney or title company to our sponsor, Sam Cohen at Attorneys First Insurance at Sam@AttorneysFirst or www.AttorneysFirst.com.

Please remember to check out my second book, Become Debt Free in Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree.

How do your emotions impact your financial decision-making?

How can you create a healthy relationship with money?

These are topics we've covered before on the show, but never from the unique perspective of this week's guest, Bob Wheeler.

Bob is a CPA and has cross-pollinated his accounting practice with his desire to help people understand how their emotions impact their financial decision making. Bob is also a world-traveler, comedian, and CFO for The World Famous Comedy Store.

Bob and I talk about:

• How emotions impact financial decision-making.
• A healthy relationship with money.
• What happened to him in Africa that changed his beliefs around money.
• What happened to him in Nepal while trekking to Base Camp Everest and how that relates to "baby steps."
• How he became the CFO for The World Famous Comedy Store.

You can find out more about Bob in his book, The Money Nerve: Navigating The Emotions of Money, his online course Mastering the Emotions of Money, his podcast, Money You Should Ask, and his website, www.TheMoneyNerve.com

Please also refer a Florida or Texas attorney or title company you know to our sponsor, Sam Cohen at [email protected] or www.AttorneysFirst.com.

To learn even more about money and your relationship with money, download my book for free - Become Debt Free in Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree.

How would you react if you were car-jacked and kidnapped for three hours?

What lessons can you take from such an extremely stressful situation? And how can you apply those lessons to other stressful situations, especially financial stress?

How do you react when someone is suing you for money? When you are fearful of eviction, foreclosure or bankruptcy?

Today's guest on the Crushing Debt Podcast is Lee Roebeck from Johannesburg, South Africa. Lee is a mindset coach who focuses on human potential and success.

You'll hear Lee tell his story and how he used his training and knowledge to help himself, and how he helps his clients, to deal with amazing stress events in their lives.

Lee and I talk about:

• The Law of Polarity
• We Become What we Think About
• As a Man Thinketh
• Michael Bernard Beckwith's three steps
• Painting a Positive Picture on the Screen of Your Mind

Certainly a carjacking or kidnapping is more life threatening than a foreclosure or eviction, but both are high-stress events that will impact you and your family. Lee provides some great information on dealing with high-stress situations, in the moment, to help you overcome any obstacle that you might face.

You can get an audio recording of the Serenity Chapter of As a Man Thinketh by going to bit.ly/SerenityRecording

Please also visit our sponsor, Sam Cohen, to eliminate any stress you might have as an attorney or title company by purchasing malpractice coverage. Sam can be reached at [email protected] or www.AttorneysFirst.com.

FInally, to help eliminate the stress of money, download my book for free at www.ShawnMYesner.com/BecomeDebtFree, to learn ways to have more money at the end of the month, rather than more month at the end of the money.

Are you sufficiently saving for retirement? Do you have a 401k through your work, or are you an employer that offers a 401k to your employees?

How do you, as an investor minimize the loss in value in your 401k when the market drops or corrects?

How do you, as an employer minimize your liability to provide investment advice to your employees through the 401k plan?

This week's guest on the Crushing Debt Podcast is Michael Watkins. Mike is a repeat guest and friend of the show, having appeared on episode 196.

Mike has just finished and released his new book The 401k Revival where he answers the question - how can you side step the next market crash.

You can get a copy of the book at www.The401kRevival.com.

You can also get copies of my two books at www.ShawnMYesner.com to discover ways to create more money in your budget so that you can invest for retirement!

Finally, please refer our sponsor, Sam Cohen of Attorneys First Insurance to a Florida or Texas attorney or title agent you know who is nearing renewal of their professional liability (malpractice) insurance. [email protected] www.AttorneysFirst.com

You can't earn any money after filing Chapter 7 bankruptcy.

The Chapter 7 Trustee will come into your house and take all your stuff.

Chapter 7 is now harder to file.

These are all myths about filing a Chapter 7 (Liquidation) bankruptcy case. Last week, I talked about thirteen myths about Chapter 13, and this week, I'm following it up with seven myths about Chapter 7. What are the other myths? You'll have to listen to the episode to find out.

Please continue to support our sponsor, Sam Cohen of Attorneys First Insurance, by introducing him to attorneys and title companies in Florida and Texas that want a competitive quote on renewing their professional liability (also called malpractice) insurance. Sam can be reached at [email protected] or www.AttorneysFirst.com.

For more information about Chapter 7 and 13, please order a free copy of my second book, Become Debt Free in Less Than One Hour, at www.ShawnMYesner.com/BecomeDebtFree.

A Chapter 13 requires you to pay ALL of extra money to the Trustee every month!

You are prohibited from moving, buying a new car or taking a vacation during a pending Chapter 13!

Your creditors have to approve the Chapter 13!

The Trustee will take all your stuff when you file Chapter 13!

Yes, these are all myths and untrue when you file Chapter 13. This week's episode came about from a consultation with a prospective client who was so scared of filing Chapter 13 because of all of the misinformation on the internet. Once I dispelled those myths, we were able to craft a plan that allowed her to repay a portion of her debt, get a fresh start, keep some of her luxury items (like jet skis) and save a little bit of money each month!

What other rumors or myths are there around Chapter 13? This week, we discuss 13 of them (including some of the ones mentioned above).

Please remember to refer an attorney or title company to our sponsor, Sam Cohen at Attorneys First Insurance. [email protected] or www.AttorneysFirst.com

If you want to learn more about Chapter 13 bankruptcy, you can read my book - Become Debt Free in Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree

CBS News Headline: "With Evictions Set to Restart, Housing Advocates Fear Another Coronovirus Wave."

Los Angeles Daily News: "Why Unprecedented Spike in Evictions is Expected as Federal Moratorium Expires."

Miami Herald: "Avalanche: Miami Renters Brace for Mass Evictions as Moratorium Ends."

The last time the CDC extended the eviction moratorium through July 31, 2021, it was intended to be the final extension. So will the moratorium end? Seems like it.

What are your rights as a landlord? As a tenant?

Along with the moratorium on evictions, there is also a moratorium on foreclosures that is also set to expire on July 31, 2021. Is your loan covered by the moratorium? If so, what does that mean for you? How can you save your home if COVID has prevented you from working and making mortgage payments?

We discuss all of these, and related questions in today's episode of the Crushing Debt Podcast. Learn how you can protect yourself, your family and your investment.

Please also visit our sponsor, or refer a FL or TX Attorney or Title Company to Attorneys First Insurance by emailing an introduction to [email protected] or visiting www.AttorneysFirst.com.

Finally, learn how to stay debt free with my latest book, Become Debt Free In Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree.

How did you get started in business?

Do you enjoy what you do? What do you enjoy most?

How do you support your local small business community?

Today's guest on the Crushing Debt Podcast is Realtor Donnie Hathaway of Berkshire Hathaway. Donnie is a Florida native, born an raised in Pinellas County, Florida, who began his real estate career in 2016.

While Donnie and I do discuss the local real estate market, Donnie supports the local businesses in the community with his podcast, Palm Harbor Local, where he interviews local business owners about what they do and why they do it. You can find his podcast wherever you listen to podcasts, including Apple, Spotify, etc. You can also find his show at www.PalmHarborLocal.com.

You can also connect with Donnie on Instagram - @PalmHarborLocal or @Donnie.Hathaway.

Also, please support our sponsor, Sam Cohen of Attorneys First Insurance, by referring him an attorney or title company you know that is in need of a malpractice quote. You can reach Sam at [email protected] or www.AttorneysFirst.com.

Lastly, free copies of my second book, Become Debt Free in Less Than One Hour are available at www.ShawnMYesner.com/BecomeDebtFree.

Do you know how to invest to pay down student debt while planning for the future?

What is the likelihood of federal payments resuming in October 2021? What do you need to know and how can you prepare for either outcome?

How can you figure out your best path forward? To determine if you should refinance or if you should work toward forgiveness programs such as a PSLF (Public Student Loan Forgiveness)?

In this week's episode of The Crushing Debt Podcast, we interview Rob Bertman of Student Loan Planner. You can find them at www.StudentLoanPlanner.com, you can listen to their podcast (The Student Loan Planner) at www.StudentLoanPlanner.com/category/podcast, as well as find them on Facebook and YouTube.

Rob and I talk about the Student Loan System, how to prepare your personal finances and prioritize investments, the CARES Act, Moratoriums, Congressional Action and some breaking news about FedLoan.

Please remember to support our sponsor Sam Cohen by referring an attorney or title company you know to [email protected] or www.AttorneysFirst.com.

For more information about becoming debt free, please order a free copy of my book Become Debt Free In Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree.

What should the tenant do when the landlord dies during the term of the lease? What if the lease is month-to-month and there is no term? Can the landlord's heirs evict the tenant to sell the house and cash in on their inheritance?

You can find the related blog post here: My Landlord Died, Is My Lease Still Valid? | Florida Landlord Tenant Law (yesnerlaw.com)

We have a few listener-related landlord/tenant questions on this week's episode of the Crushing Debt Podcast. Thank you for sending these to us and keep them coming!

We also discuss the CDC Eviction Moratorium - when does it expire / will it ever expire? You can hear more about the moratorium(s) in Episodes 261, 255 and 239.

Did you know about the Protecting Tenants At Foreclosure Act? What happens if your landlord is foreclosed mid-term? Whether you're allowed to stay through the end of the lease term depends on who buys the home.

There was a Federal version of the Act which has been mirrored under Florida Law (and become effective upon the expiration of the Federal Act). You can find Florida's version of the Act here: Statutes & Constitution :View Statutes : Online Sunshine (state.fl.us)

We also give a brief Hurricane Elsa update (spoiler: we're fine).

If you want to support the show, a great way to do that is to introduce an attorney or title company you know to our sponsor Sam Cohen at Attorneys First Insurance. You can make the introduction at [email protected] or www.AttorneysFirst.com.

Another great way to support the show is to order my second book (it's a free download) at www.ShawnMYesner.com/BecomeDebtFree