In this impactful episode of the Smart Real Estate Coach Podcast, we welcome Adam Carroll, a financial literacy advocate and the creator of the Shred Method back to the show. Adam shares his expertise on reshaping financial habits, building wealth, and achieving debt freedom through a systematic cash flow approach. We discuss the pitfalls of traditional money management, the importance of rethinking your relationship with debt, and how the Shred Method can save you tens of thousands of dollars in interest.
This episode is packed with real-world success stories and actionable insights, so it’s a must-listen if you’re ready to take control of your finances and build lasting wealth.
Key Talking Points of the Episode
00:00 Introduction
02:29 What is the Shred Method?
03:40 Shocking statistics: Over 60% of Americans spend more than they earn
05:06 Unlearning old financial habits to build newer, healthier ones
07:03 The core principles of the Shred Method
13:50 How the Shred Method can change your life
19:41 Strategies to accelerate mortgage payoffs and minimize interest expenses
23:30 How to prepare yourself for the new year financially
25:27 How HELOCs can help with finances regardless of interest rates
27:40 The Savings Analysis Tool
29:30 How to plan your finances for the next 10 years
31:53 What you should focus on this year
Quotables
“It’s not about earning more; it’s about keeping and growing what you already have.”
“Mindset is the foundation of your financial success—it dictates every decision you make with money.”
“Debt freedom isn’t just possible; it’s achievable with the right system and discipline.”
Links
Ep 418 - Living Free Through Income Efficiency, with Adam Carroll
https://smartrealestatecoach.com/podcasts/adam-carroll-3/
Ep 287 - Money Beliefs, with Adam Carroll
https://smartrealestatecoach.com/podcasts/adam-carroll-2/
Savings Analysis Tool
https://smartrealestatecoach.com/shred
Real Estate On Your Terms and Deal Structure Overtime
https://wickedsmartbooks.com/podcast
FREE Master’s Class
https://wickedsmartacademy.com/mastersclass
FREE Strategy Session with Chris Pre
https://smartrealestatecoach.com/chrisprecall
FREE Workshop
https://smartrealestatecoach.com/pcws
QLS Homestudy Course
https://wickedsmartacademy.com/course/qls-homestudy-4
Investor Resources
https://smartrealestatecoach.com/resources
3 Paydays Apprentice
https://smartrealestatecoach.com/apprentice-pod
In the Trenches Bootcamp
https://smartrealestatecoach.com/ittb-pod
REI Blackbook
https://smartrealestatecoach.com/REIBB-DD