Crushing Debt

I am very excited about this week's guest on The Crushing Debt Podcast.

His daughter was on Episode 63 - discussing ActionCOACH Tampa Bay and The Five Ways system.

His wife was on Episode 193 - OMG! WTF!

Today's episode is my interview with third ActionCOACH Tampa Bay partner - Ford Kyes! I've known Ford for more than 13 years and we discuss:

• How business owners can break out of a slump
• Developing other opportunities to increase income
• How to maintain focus, especially when you feel like you're losing it
• Setting SMART goals
• And other topics

You can visit their website, www.ActionCoachTampaBay.com and visit the Events Page to register for a complimentary event and coaching session!

You can also find their first book, OMG! WTF! and find information about the release of their second book, tentatively titled "Go Focus Yourself!"

Please also visit our sponsor, Sam Cohen at Attorneys First Insurance, [email protected] or www.AttorneysFirst.com. Refer an attorney or title company you know to Sam for a malpractice insurance quote.

If you want to become debt free, order my new book at www.ShawnMYesner.com/BecomeDebtFree

When I moved to Clearwater to take a job at a foreclosure mill law firm, the firm provided a retirement account to all of its employees. I remember meeting with the financial advisor. Instead of getting financial advice, I got graphs and charts all in pretty colors. I didn't understand a thing about what the advisor was suggesting, but the colors on his charts were pretty!

This week's guest on the Crushing Debt Podcast is nothing like that financial advisor. Simon Brady is the founder and owner of Anglia Advisors, and focuses on working with individuals with major life changes - newly divorced, widows/widowers, foreign nationals and new parents.

Simon and I discuss:

• Re-writing wills and life insurance after a divorce
• Changing bill pay and other financial products
• Adjusting retirement planning
• Accounting for previous joint debt
• Accounting for financing for previous homes and cars

You can reach Simon at www.AngliaAdvisors.com for more information.

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

Please also check out my new book for more ideas on making money and reducing expenses: www.ShawnMYesner.com/BecomeDebtFree

Will evictions and foreclosure ever resume?

Since being inaugurated, President Biden has by executive order extended federal moratoriums on evictions, foreclosures, and student loan repayments first implemented by the CARES Act, the CDC, and the previous administration.

Although recorded recently, some of the timelines in this episode have already changed. As of this post:

• Evictions for purposes of COVID are postponed under CDC guidelines until March 31, 2021 (although rumor is this will extend to September 2021);
• Foreclosures are postponed until February 28, 2021 or March 31, 2021 depending on the owner of the loan; and
• Student Loan payment, interest, collection on federal loans held by the US Department of Education are suspended until September 2021.

Check back here, or at www.YesnerLaw.com or follow us on social media for the latest information.

What should you know?

Evictions - the CDC prevents evictions if the reason for eviction is due to a loss of income caused by COVID. This only impacts residential evictions, and the CDC has five requirements that the tenant must attest to under penalty of perjury. If one of those five requirements is missing, it is probable that the tenant could still be evicted.

The CDC has not (and cannot) eliminate the requirement to pay rent. There is rental assistance available to the tenants to catch up on most or all of their unpaid rent.

Foreclosures - FHA and FHFA have suspended all foreclosures and bank-owned evictions until February 28 or March 31, 2021 (unless extended again). The CARES Act requires lenders to offer a repayment plan, and many lenders can modify the loan, but cannot require a lump sum to catch up past due payments missed due to economic factors caused by COVID. The CARES Act does not eliminate the requirement to pay mortgage payments.

Student loans - For federal loans owned by the US Department of Education, there is a suspension of payments, interest accrual and collection, until October 2021.

If you have specific questions, please reach out to [email protected].

Please also refer an attorney or title company you know to our sponsor Sam Cohen - [email protected] or www.AttorneysFirst.com.

Stay safe, get a vaccine, wash your hands, social distance, and please be nice to each other!

When would you send someone flowers? A birth? A death? Graduation? Promotion? Medical recovery? Just moved in? Employee benefit?

What if, instead of flowers, you could send a meal made with fresh ingredients by a gourmet chef?

My interview this week is with Micah Serwitz, owner of Instead of Flowers, a gourmet food delivery service. I've used Instead of Flowers to send meal gifts to someone recovering from a heart attack, to a family displaced from their home after a fire, and I've heard of them being used for all the reasons above, and more!

Micah and I discuss: (1) how and when people can use Instead of Flowers, (2) why they are different than a standard meal delivery service, and (3) how the pandemic has impacted their business.

You can order from or for anywhere in the United States at their website: www.InsteadOfFlowers.com. If you don't know what your recipient would like to eat, you can order a gift card as well and they can choose!

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

While they're eating a delicious meal, your recipient can also read my book to become debt free - www.ShawnMYesner.com/BecomeDebtFree.

Do you dream of taking your business to the next level, but don't know where to start?

Do you want to work on the things that light you up versus the things that drag you down?

Learn how to maintain a positive attitude even in the face of adversity!

Do you feel stuck in a hole or stuck in a rut and want to get out?

Have you created complimentary businesses to provide additional revenue to you and your company?

I am beyond excited to bring one of my heroes, one of my mentors onto this week's episode of the Crushing Debt Podcast - Dr. Ivan Misner, Founder and Chief Visionary Officer of BNI, the world's largest business networking organization.

You'll want to have a pen and paper with this episode, as Dr. Misner answers the above questions and the interview is FILLED with knowledge you can use to widen your network and generate more business.

You can follow Ivan on Social Media. You can check out BNI at www.BNI.com (or the Tampa Region at www.BNITampa.com), or follow his blog at www.IvanMisner.com.

Please also refer (in the spirit of giving) attorneys and title agents you know to our sponsor Sam Cohen. [email protected] or www.AttorneysFirst.com.

Please also check out my free book on how to become debt free: www.ShawnMYesner.com/BecomeDebtFree.

What books have been the most influential to you? Who are your favorite authors?

For as long as I can remember, I have read - books, magazines, articles, whatever I can get my hands on. I enjoy reading and believe that the most educated becomes the most successful.

In 2020, I made a goal to read 50 books. I accomplished that goal on December 15, 2020, and read two more books, bringing my total to 52 books for the year (averaging one book per week).

As I've done the last few years, I wanted to highlight some of the books I read, and the lessons learned. All fifty-two book had an impact on me, but these are the ones that stood out.

Thanks again to our friend and sponsor, Sam Cohen with Attorneys First Insurance, who you can reach at www.AttorneysFirst.com, or [email protected].

The below list are the books I discuss on the show. Some of the links are affiliate links, so if you click on the link and buy a book, I might earn a small fee:

• Never Split The Difference - Chris Voss - https://amzn.to/2XgPvfJ
• Get Sh*t Done - Jeffrey Gitomer - https://amzn.to/2MxgPEm
• Debt: The First 5,000 Years - David Graeber - https://amzn.to/35fX2A3
• Socks to Success - Tiffanie Kellog - https://tiffaniekellog.com/product/socks-to-success/
• 9 Unconventional Ways to Grow Your Podcast - Mark Asquith - https://www.markasquith.com/grow
• How to Wipe Your Dad's Ass - Brian Morris - https://wipeyourdadsass.com
• Copywriting Secrets - Jim Edwards - https://amzn.to/395PQaJ
• Dotcom Secrets - Russell Brunson - https://www.expertsecrets.com?cf_affiliate_id=2561551&affiliate_id=2561551
• Expert Secrets - Russell Brunson - https://www.expertsecrets.com?cf_affiliate_id=2561551&affiliate_id=2561551
• Traffic Secrets - Russell Brunson - https://www.trafficsecrets.com?cf_affiliate_id=2561551&affiliate_id=2561551
• Become Debt Free - Shawn Yesner - www.ShawnMYesner.com/BecomeDebtFree
• The Student Loan Lawyer's Guide to Understanding Student Loans in Plain English - Joshua Cohen - https://thestudentloanlawyer.com/the-student-loan-lawyers-book
• Atomic Habits - James Clear - https://amzn.to/3971fqJ
• Fix This Next - Mike Michalowicz - https://amzn.to/3pW0VSC
• Your Best Year Ever - Michael Hyatt - https://amzn.to/2XiLBTK
• Grow A Pair - Larry Winget - https://amzn.to/3s1by8t

I'm looking for more books to read in 2021. What are your suggestions?

As 2020 comes to a close, most people will set resolutions for 2021. I think setting resolutions is wrong. I think people should set goals. Resolutions are rarely kept. Goals are accomplished.

• How do you set goals?
• What are SMART goals?
• Should goals be framed in the positive or to avoid the negative?
• What will you do to accomplish your goals in 2021?

I've used these same systems for years to set and achieve my goals, like:

• Reading 52 books in one year
• Lauching www.ShawnMYesner.com/BecomeDebtFree
• Writing and publishing Become Debt Free in Less than One Hour
• Creating a Become Debt Free Community on Facebook, and
• Losing over 50 lbs to get into better shape.

Let me know what some of your goals are for 2021, and how I can help you accomplish those goals!

One of my goals is to better support our sponsor, Sam Cohen at [email protected] or www.AttorneysFirst.com.

This week's guest on the Crushing Debt Podcast is very special. We needed to record a few days ago because he's preparing for a flight later today. My guest knows if you've been naughty or nice!

I was introduced to this week's guest through my friend, Joe Cairns, who practices family law and helped my guest with his marital problems years ago. Although he's a divorce attorney, Joe helped my guest salvage his marriage and we talk about those issues - as well as other debt-related issues that come up in divorce.

You can contact Joe at [email protected] or www.CairnsLaw.com.

If you haven't guessed by now, my guest on this week's episode is Santa Claus!

Santa is good friends with our sponsor, Sam Cohen at Attorneys First Insurance. I'm sure Sam can tell you stories about Santa too, if you contact Sam at Sam@AttorneysFirst or www.AttorneysFirst.com.

And, if you ask nicely, Santa can tell you where to get copies of my books, Crushing Debt, and Become Debt Free, as stocking stuffers (instead of coal).

Thank you Joe for the information for this week's episode, although the interview of Santa is parody.

Merry Christmas and Happy Holidays to all who celebrate from The Crushing Debt Podcast!

Imagine you've bought a home, likely the largest investment you'll ever make in your lifetime. The house is perfect: enough bedrooms for your kids to have their own space, great kitchen, master bedroom with walk-in closets, a yard outside with space to set up your grill and entertain, etc. You move in and things are great, for a few months.

Then you notice things start to go wrong. Something doesn't work quite right. Something is off.

Then a major component goes bad: the electrical system, the plumbing, the roof, the air conditioning unit, or something else.

Why didn't the seller disclose to you that something was wrong? Now, its going to be thousands of dollars to fix - thousands of dollars that you don't have because you just closed on the house?

What do you do?

Put the shoe on the other foot ... you love your house, but its time to sell and upsize or downsize. Yes, the house has its quirks, but everything works fine. You sign a contract with the buyer, they do their inspections, then you close. You are sad to move, but excited about your new house and happy that the buyers love the house and will take care of it from here on out.

Months later, you get a nasty letter from an attorney, or a call from your Realtor - the buyers are going to sue unless you pay thousands of dollars because you did not disclose some issue with the electrical system, the plumbing, the roof, the air conditioning unit, or something else.

But, you argue, the Buyer did their inspections and you didn't know about the issue that may now form the basis of the lawsuit against you.

What do you do?

In this week's episode of The Crushing Debt Podcast, I discuss the seller's responsibility to disclose and how that is based on the Florida Supreme Court case of Johnson v. Davis, 480 So.2d 625 (1985).

• Did the seller know of the issue?
• Does it materially affect the value of the property?
• Is it readily observable?
• Is it unknown to the buyer?

If all these facts are present, then the Seller must disclose the issue to the Buyer. Of course, if all these issues are present, there's one more factor - is the Buyer collectible?

Please remember to refer our sponsor, Sam Cohen, to an attorney or title company you know so he can provide a quote on malpractice insurance. [email protected] or www.AttorneysFirst.com.

Remember, my second book, Become Debt Free in Less Than One Hour, is still free at www.ShawnMYesner.com/BecomeDebtFree.

It seems like lenders grant or deny loan modifications at random, but there is a set of criteria that they follow, that until now has been a bit of mystery.

Our guest on this week's Crushing Debt Podcast, Sue Reynolds, a Realtor with Archer Realty, created a worksheet using the bank's formulas to support when clients should qualify for a loan modification.

Sue created the Homeowner Expense Analysis Worksheet to use as a supporting document in applications for loan modifications and short sales. The Expense Worksheet is a budget worksheet that helps predict when a modification should be denied or approved. Sue has allowed me to share the worksheet with you!

Go to www.ShawnMYesner.com/ExpenseWorksheet to get your free copy. You can also contact Sue at [email protected], or contact me at [email protected] to learn how to use the worksheet and what to avoid when using the worksheet.

In today's episode, you'll also learn what loss mitigation is and what they do.

Please remember to visit our sponsor, Sam Cohen at [email protected] or www.AttorneysFirst.com.