Labor Day! A Quote To End The 3-Day Weekend
“It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things.” – Theodore Roosevelt
Sep 02, 2019•8 min•Season 1Ep. 117
Dream Crushing Debt Podcast
A place where we talk about all things money and budgeting. Get Dustin’s take on money management and become inspired to take control of your financial future!
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Episodes
Don’t Get Sucked Into “Good” Labor Day Sales
We all love a good deal and who doesn’t want to save a bit money in the process of buying the things we want and need. However, some deals aren’t as good as they seem and some deals are designed purely to get you to spend money. For example, be wary of the ones like “Spend $100 and get free shipping.” Or “Spend $50 get $10 back.” Those are great if what you’re actually buying is going to cost more than that… but most of the time, it takes a lot to reach those minimums before you qualify for the ...
Aug 31, 2019•11 min•Season 1Ep. 116
Ask For A Lower Interest Rate On Your Credit Card
If part of the debt your fighting is credit card debt, give your credit card company a call and let them know you’d like to negotiate your interest rate. It’ll take a bit of your time to make the call and work through any details, but you’d be surprised just what these companies are able and willing to do for their customers to keep them happy. With that said, keep in mind that the worst they are going to say is, “No.” So there is no reason to get upset if you can’t lower your interest rate… at ...
Aug 19, 2019•13 min•Season 1Ep. 115
Side-Hustle Series: Downsize on Facebook Marketplace
This might be a great idea of someone who seems to have the knack of selling things online. They know how to price things and handle negotiations. It’s a great way to de-clutter your space, but your might also start offering up your skill to others for a fee. I’ve done this before where I’ve offered to sell things for people at a 10% fee of the selling price.
Aug 17, 2019•9 min•Season 1Ep. 114
Side-Hustle Series: Dog walker, Dog sitter, Landscaping, Window Washing
These are some side-hustles that can turn into some serious summer work. The only downside is you need to have the equipment to do the work. So there might be some upfront capital costs, but there are some great ideas that you can do to earn some extra money. (Lawn care, sprinkler installs, concrete pressure washing, etc) (Marketing tip: put a flyer on garbage can on trash day)
Aug 15, 2019•12 min•Season 1Ep. 113
Side-Hustle Series: Deliver Food to People
You might not be interested in doing airport runs for strangers or picking up late-night bar goers, but you can pickup food for people who are “too busy” to go get their own food. You can get up with services like Doordash, Grubhub, and UberEats. Walmart Grocery has even partnered with all the popular food delivery services to delivery groceries to their customers. Aside from these, there is also pizza delivery you can do to make some extra money through the tips you’ll earn.
Aug 13, 2019•12 min•Season 1Ep. 112
Side-Hustle Series: Some Simple Ways to Earn Money
With as often as we are on our phones, we might as well be productive by filling out surveys. There are lots of places out that will compensate you for your time in taking a survey to provide them with information. You can checkout places like SurveyJunkies and Inboxsurveys. These aren’t big money makers by any means, but a little extra here and there can add up to something big for you. When doing surveys, companies are looking for information for specific demographics to help them better under...
Aug 11, 2019•8 min•Season 1Ep. 111
Tips to running a marathon and achieving your dreams
DISMISS THE DISTRUCTIVE Never skip an aid station - Update budget. Listen to inspirational podcasts. Take a break. Celebrate the small wins. Comparison and Complaining will kill you! - Complaining is unattractive. The more you are critical of yourself, the less likely you’ll be able to recognize the good that is in you, and all around you. - When we compare, we become arrogant and complacent. Meaning, we find reasons to be content. Never Stop! Make it to the finish line. There will come moments ...
Aug 09, 2019•12 min•Season 1Ep. 110
"Pay the price today so you can pay any price tomorrow."
“Pay the price today so you can pay any price tomorrow.” - Grant Cardone. Put the time and effort into things the first time. And stop wasting weekends on nonsense. — This quote showed up while scrolling through LinkedIn (again) from an article of what successful entrepreneurs would tell their 25 year old selfs. I think it would almost go without saying that “we would thank ourselves later”, but there is a balance in all things. If we spend our youthful days working so we can play later, or trav...
Aug 07, 2019•8 min•Season 1Ep. 109
How I went about buying my car
It occurred to me that I after talking about car buying tips, I never shared with you how I went about buying my car. Inspired by Ramit Sethi, I found email address for all the dealerships I was willing to buy a car from and emailed them.
Aug 05, 2019•10 min•Season 1Ep. 108
Why You Should Automate Your Bill Payments
At the end of the day, you’ll save yourself some money if you do this. First, auto bill pay is great because you’ll always have a payment on-time with no late fees attached. Second, some loans will give you a discount on your interest rate if you enroll in auto-pay. If you missed a payment (and it’s your first time), you can usually call your bank and have them forgive the late payment fee so long as you enroll in auto-pay. The worst they are going to say is, “No, we can’t do that.”
Aug 03, 2019•7 min•Season 1Ep. 107
Don’t Buy Things You’ll Only Ever Use Once
Don’t waste your money on something you’ll only ever use once. If it’s an absolute must, see if there are renting options available to save you some money. An example of this might be with a home improvement project that requires a specific tool. Don’t buy the tool (although all us guys want to), rent it and save money that way.
Aug 01, 2019•12 min•Season 1Ep. 106
What Is Zero-Based Budgeting?
This is an interesting concept, and much lesser known one, when it comes to the topic of how to budget. However, basically this method is that income and expenses balance each other out each month to zero. Sound a bit confusing, well, think of it as every dollar you earn has a purpose or a place to go each month. There is no left over money at the end the month.
Jul 30, 2019•10 min•Season 1Ep. 105
Stop Guessing At Your Expenses! #budgetfail
One day at work, my first job out of college, I was sitting in a team meeting and the owner was discussing finances and where we were at with everything. After listening to him talk, I turned to my office manager and said, “I don’t know about you, but it doesn’t sound like he really knows where the money is going. Could you run me a P&L?” Shortly after that, I was let go because they could no longer afford to pay me.
Jul 28, 2019•11 min•Season 1Ep. 104
Do You Thrive On Community? Check out LIFE Leadership
A few years ago I attended one of the LIFE Leadership conferences here in Salt Lake City and it was very motivational to say the least. There were some great keynote speakers and above all, a community of people all thriving on this concept of becoming financially free and taking control of not only that in your life, but every other area as well.
Jul 26, 2019•8 min•Season 1Ep. 103
I’m Saving Money But I’m Not Making Progress
This is a common feeling and one I’m feeling right now. I’ve been starting to get down on myself because with all my effort to save money, it doesn’t feel like I’m getting anywhere. Then it occurred to me… I’ve spread myself out a bit to thin into multiple areas rather than just one. I’m saving for retirement, emergency funds, etc.
Jul 24, 2019•11 min•Season 1Ep. 102
A Millennial’s Way of Saving Money: Qapial App
I came across this app because it was being featured in the App Store one day and I thought I would give a whirl to see what all the fuss was about. If you’re looking for creative ways to save money, then this your app. I want a new mountain bike someday and so I have this savings rule setup to round up everything purchase I make to the nearest dollar, and then saves that amount. I'm saving money faster with Qapital. Sign up and use my code cn6d75eu or my link and get $10! https://get.qapital.co...
Jul 22, 2019•11 min•Season 1Ep. 101
Are Branded-Title Vehicles a Good Way To Save Money On a Car?
There is a lot of risk involved in buying a branded vehicle from either private party or a dealership. Branded titles indicate that the car has been in some need of extensive repair simply because the insurance company did not “total” the car. You’re putting all your trust into someone who you hope did a good job repairing the car and didn’t cut corners to save a buck.
Jul 18, 2019•11 min•Season 1Ep. 99
If It Has A Motor In It - It Should Only Be Worth HALF of Your Salary
This is some great Dave Ramsey advice. It’s really easy to become car poor these days with the many options and variables. But, the rule of thumb is that all of your cars and recreational vehicles (anything with a motor) should add up to 50% of your salary if you’re making a payment on them. For a depreciating asset like this, you shouldn’t be spending all your money on something like this.
Jul 16, 2019•12 min•Season 1Ep. 98
Life Is Full Of Trade Offs
60 minutes working out: "I wish I had time" 60 minutes on Netflix: "Let's watch another!" Therapist ($130): "Too Expensive" Trip to Walmart ($130): "Good Deals" Professional training course ($1000): "Can't afford it" New iPhone ($1000): "A Necessity" 15 minutes meditating: "An eternity" 15 minutes on social media: "Time flies" Life is full of trade-offs between short-term and long-term investments. This holds true whether the investment is in the form of time, money, or talent. Where do you want...
Jul 14, 2019•11 min•Season 1Ep. 97
Roadblock: I need help! I need someone to show me the way.
Well, you’re certainly listening to the right podcast for that. As the old saying goes, “Give a man a fish and he’ll eat for the night. Teach a man to fish and he’ll eat for a lifetime.” Or another one, “I can lead you to water, but I can’t make you drink it.” — All of these require some effort on your part to learn and to do.
Jul 12, 2019•10 min•Season 1Ep. 96
Roadblock: Every time I think about a budget, I’m instantly overwhelmed.
Just knowing where to start is very daunting for sure! There are a lot of options out there that people have found success with. The best thing you could do is break it down and then focus on that one thing until you have all the information gathered together for that one thing. Move onto the next. Taking budgeting as a whole is rough - but piecing it together is a lot easier than you might think. Just take a deep breathe.
Jul 10, 2019•14 min•Season 1Ep. 95
Roadblock: Just when I think I can pay off debt, something breaks or I have a big expense that happens and shoves me down.
Yikes! Yes. This is a major roadblock and is sure to leave anyone defeated for sure. This was, in fact, my biggest fear of working towards paying off my student loans! I didn’t have a whole lot of room for error or surprises. But, that’s when a little forward thinking comes into play when you’re setting up your budget. You should be saving a tiny bit every month for your annual expenses. And, before you started tackling your debt, you should make your emergency fund priority number 1. You need t...
Jul 08, 2019•12 min•Season 1Ep. 94
Roadblock: My Friends Want to Do Things and I Hate to Say, “I Can’t.”
This roadblock I can big-time relate to. For sure! Most of the time, when friends get together it’s bound to be a good time and who wants to miss out on that? (Aka: FOMO). But sometimes, there just isn’t the extra money to go and do all the time. Rather than being the one to wait for the invite, research some free (or nearly free) things you can do that all your friends can do with you. You’re still with your friends, but you’re not spending money. Here are some ideas: Hiking, Art-in-the-park, M...
Jul 06, 2019•13 min•Season 1Ep. 93
Roadblock: I Was Never Taught, And My Family Always Spent Money
This is something I can relate to, a little bit. It’s not that there wasn’t any effort from my parents to teach me out to budget and track my spending - because there was - but it just never seemed to apply to me. Not to mention at the time, online banking was becoming very popular. But, just because you were never taught or the principles didn’t quite apply while you were growing up, doesn’t mean we can’t learn something new today.
Jul 04, 2019•12 min•Season 1Ep. 92
Roadblock: I Don’t Want Others to Know I’m In Debt
Generally speaking, we are all very hush on the topic of money. We don’t want unsolicited advice from others who think we should be managing our money differently. We don’t want our friends or family to question our ability to buy a new car or go on a trip somewhere. So why would we then open up about our debt? We want to take care of it quietly leaving everyone else none the wiser about our financial burdens.
Jul 02, 2019•11 min•Season 1Ep. 91
Why I Think People Fail Creating A Budget
There are 2 reasons I think people struggle with budgeting. 1) They still need to change their mindset about budgeting and essentially believe they have all that it will take to be successful with it. 2) They don't want to track their spending. They want to keep things as they are, but hope their financial woes will disappear simply because they have a budget.
Jun 30, 2019•12 min•Season 1Ep. 90
Why Can’t I Budget?
Budgeting is tough. There are so many different methods and approaches you can learn about. Each one claiming why their method is better than all the rest. In reality, what most fail to realize is that what works for one, doesn't mean it'll work for another. Yes, you need to look into different ways of budgeting, but you need to craft your own method of what works for you. Then do I believe you'll find success.
Jun 28, 2019•11 min•Season 1Ep. 89
What Is It Like After Student Loans Are Paid Off?
It's very surreal actually. Whether you're focused at paying them off or going at them with minimum payments, in any case they will have been around for years. They'll feel like they are a part of the family with has much as they hang around that once they are finally gone it is hard to believe. You've imagined your excitement anticipating such a day, but aren't quite sure you can believe it just yet.
Jun 26, 2019•15 min•Season 1Ep. 88
How Long Does It Take To Pay Off Student Loans?
Sadly, there is no set timeframe on this except for the set minimum payoff timeline that was established when you took out your loans. Which is typically has a payoff term similar to that of mortgages... 15-30 years. Paying them off sooner than that will depend largely on income and loan size.
Jun 24, 2019•13 min•Season 1Ep. 87
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