Get A Grip On Your Money with Damon Carr

By Damon Carr

Financial Planner, Money Coach, Tax Pro Personal Finance Journalist Damon Carr Helps Everyday People Get A Grip On Their Money. In this Podcast Damon will delve into articles he’s written in his Perso... more

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FAQs about Get A Grip On Your Money with Damon Carr:

How many episodes does Get A Grip On Your Money with Damon Carr have?

The podcast currently has 617 episodes available.

Get A Grip On Your Money with Damon Carr episodes:

July 22, 2024 Retirement Planning Mistake #3: Ignoring employer-sponsored retirement plans
Retirement Planning Mistake #3: Ignoring employer-sponsored retirement plans
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1min
July 21, 2024 Retirement Planning Mistake #2: Not Being Debt-Free Before Retirement
Retirement Planning Mistake #2: Not Being Debt-Free Before Retirement
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1min
July 20, 2024 Retirement Planning Mistake #1: Not Saving Enough For Retirement!
Retirement Planning Mistake #1: Not Saving Enough For Retirement!
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1min
July 19, 2024 💰 Get A Grip On Your Money!
💰 Get A Grip On Your Money!
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1min
July 19, 2024 How NOT toto suck at money!
How NOT toto suck at money!
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6min
July 18, 2024 How does Social Security Survivor’s Benefit works: A Client’s Story.
How does Social Security Survivor’s Benefit works: A Client’s Story.
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5min
July 17, 2024 Get A Grip On Your Money with Damon Carr's E-Books!
Get A Grip On Your Money with Damon Carr's E-Books!
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1min
July 17, 2024 Have you ever heard of the FIRE Movement: Financial Independence, Retire Early?
Have you ever heard of the FIRE Movement: Financial Independence, Retire Early?
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3min
July 16, 2024Think before you ink! Comprehend before you spend!
Think before you ink! Comprehend before you spend!
Main Topics Discussed
Contractual Obligations and Financial Responsibility
Contracts in Business: The term "inked" signifies the signing and execution of contracts across various domains such as leases, credit cards, loans, partnerships, employment, and marriage.

Loan Agreements: Emphasizes the importance of pledging to repay loans and often securing them with collateral to mitigate default risks.
Living Below Your Means
Misconceptions: Living below one's means is often misinterpreted as living a frugal or unfashionable lifestyle.

Reality: It involves intentional financial management, proactive planning, and prioritizing long-term goals over short-term desires.
Case Studies of Financial Prudence
Skinny Penny:
Real Estate Investment: Purchased a four-unit property, lives in one unit, and rents out the others to cover the mortgage and generate extra income.

Debt-Free Living: Paid off her car in full before buying her home, eliminating car payments.

Mortgage Strategy: Opted for a 15-year mortgage and makes extra payments to pay it off early, aiming for a mortgage-free property.

Nicholas:
Modest Living: Chose a modest apartment to save money for a substantial down payment on a future home.

Smart Car Purchase: Bought a three-year-old Lexus at a depreciated price, negotiated a good deal, and plans to pay off the car loan early.

Long-Term Car Use: Intends to keep the car for at least ten years to avoid long-term car payments.

Other Examples:
Home Purchase Strategy: A friend bought a home well below the bank's approval limit to allow his wife to stay home with their children.

Investment Over Luxury: Another friend prioritizes retirement savings over purchasing high-priced designer items, resulting in a $60,000 retirement portfolio by age 31.
Personal Business Experience
Debt-Free Business Growth: The author started a business with minimal funds and no loans, focusing on sustainable growth without incurring debt, ensuring long-term business stability.
Key Takeaways
Financial Discipline: The importance of thinking before committing to financial obligations and understanding the long-term impact of financial decisions.

Strategic Planning: How strategic financial planning and living below one's means can lead to financial freedom and the ability to enjoy life without excessive debt.

Real-Life Examples: Practical examples of individuals who have successfully managed their finances through smart decisions and intentional living.
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6min
July 13, 2024 Why I’m not a fan of HELOC Loans!
Why I’m not a fan of HELOC Loans!
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2min

FAQs about Get A Grip On Your Money with Damon Carr:

How many episodes does Get A Grip On Your Money with Damon Carr have?

The podcast currently has 617 episodes available.