Tools Podcast Newsletter Debt Freedom Planner
Join Roots Now

Episode: 282 - Investing 101 with Jessica Perrone

Do you feel overwhelmed by the idea of investing or unsure of how to make your money work for you? You’re not alone, but you're in the right place. In a recent Debt Free Dad podcast episode, we had an insightful conversation with Jessica Perrone from herfinIQ.com. Jessica’s mission is to empower people to take charge of their financial future, especially through smart investing. Below is a summary of our discussion, filled with valuable insights on how to start investing and why it’s vital for your financial health. 

 

 

Grasping the Basics of Investing 

Investing can feel intimidating, especially if you’re new to managing personal finances or growing your wealth. Jessica shared her story of growing up without financial abundance and how that drove her to gain control of her financial future. She highlighted the importance of starting your journey not from a place of wealth but through learning from mentors and experiences. 

Laying a Strong Financial Foundation 

Before you leap into investing, Jessica advises getting your financial house in order. Prioritize reducing bad debt, especially high-interest credit card debt, which can significantly drain your finances. By paying off high-interest debt, you essentially earn a guaranteed return on your money. Jessica outlines key financial steps to take before investing, such as handling debt and understanding your credit score. 

Where Does Investing Fit in Your Financial Strategy? 

A common myth is that you need a large sum of money to start investing. Jessica debunks this by explaining how even small, regular contributions to accounts like a 401k can help you begin. Many companies also offer matching contributions – a form of “free money” that’s essential to take advantage of. 

Steps to Begin Investing 

Starting with investing doesn’t need to be overwhelming. Jessica suggests determining if you want to manage your investments independently or with a financial advisor. There are plenty of tools available, from retail brokers to robo-advisors like Wealthfront, Betterment, and Acorns, which make investing accessible to everyone, even beginners. 

Staying the Course with Your Investment Plan 

Investing can feel like riding a rollercoaster – exciting yet nerve-wracking at times. Jessica encourages staying focused on your investment plan, especially during market ups and downs. Consistently contributing to your investments helps spread out your risk over time, taking advantage of a strategy called dollar-cost averaging. 

The Magic of Compound Interest 

This is where the real excitement of investing lies. By investing regularly and allowing compound interest to work its magic, your financial future can thrive. Compound interest is a powerful tool for wealth building, allowing your money to grow significantly over time. 

Financial Resources for Continued Learning 

Jessica provides courses that make investing and personal finance more accessible. Whether you’re new to the world of finance or looking to refine your investing skills, herfinIQ.com offers a range of financial IQ courses tailored to different needs, from basic budgeting to investing fundamentals. 

Whether you’re a seasoned investor or just beginning your journey, there are resources and strategies available for everyone. For more personalized support, connect with Jessica at herfinIQ.com, where she also offers family coaching to make financial education more accessible. 

Take the Next Step 

If you're ready to take control of your finances, now is the time to start. Visit debtfreedad.com for resources that can help you eliminate debt, save more, and start investing for a secure financial future. Your financial journey begins with the first step – take it today! 

 

Resources Mentioned

Connect with Jessica: herfinIQ.com 

Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days 

Free Tools and Downloads at www.debtfreedad.com

Connect With Brad

Thanks For Listening

Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube

We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.

Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!

 

Transcript: 

Brad Nelson:  

Hey, if you've ever felt intimidated by the idea of investing or wondered how to make your money work for you, this episode is a must. Listen Now today on the Debt-Free Dad podcast, we have a special guest, Jessica Perron from HerFinIQcom, and she is here to break down the basics of investing Now. Jessica is passionate about empowering people to take control of their financial futures, and she's going to share her expertise on how even beginners can start building wealth through smart investing. Stay tuned.

Announcer:  

You're listening to the Debt-Free Dad Podcast with Brad Nelson. Brad and his co-hosts experience the anxiety of living paycheck to paycheck before learning the fundamentals of living paycheck to paycheck before learning the fundamentals of financial success. They are now on a mission to empower regular people to pay off their debt for good and enjoy happier, less stressful lives. Keep listening for inspirational interviews, tips, tricks and practical advice to gain financial freedom freedom.

Brad Nelson:  

Hey guys, welcome to today's show. I am Brad Nelson, founder of Debt Free Dad. I paid off about $45,000 of debt, have been debt free now for more than 11 years, outside of my mortgage. I've also helped thousands of other people save and pay off tens of millions of dollars with the work that we do here at Debt Free Dad. Now, guys, after listening to this episode, if you want to take your finances a step further, you're ready to take action right now. I wanna give you a resource that's gonna teach you how to start getting better results seriously, guys, in as little as 30 to 60 days, and I'll be sharing some details about how you can get started with that later on in today's show. So, hey, jessica, welcome to the Debt-Free Dad podcast. So good that you could join us today.

Jessica Perrone:  

Thank you so much for having me.

Brad Nelson:  

Yeah, I'm so excited to have you here, and could you share a little bit with our audience and listeners here today about where you got your start in helping people with personal finances, coaching, investing and all of that? You know investing and all of that.

Jessica Perrone:  

Oh, this it's, it's. It's been such an exciting journey, but really where it started and it's kind of counterintuitive is growing up without wealth, growing up actually in poverty. Believe it or not, I'm the oldest of eight children. Growing up, we did not have the money conversation because there wasn't any money to talk about.

Jessica Perrone:  

The excitement we had was once a month going to the grocery store, loading up that cart and maybe requesting an extra treat, like that was the extent of you know, the money conversations that we had. But I did learn some really important values from my mom, who was a single mom and an immigrant. So like I, like I know I'm using all these catchphrases, but it really is true. You know that is the foundation of sort of where I started thinking about finances from a place of not having that foundation for sure.

Brad Nelson:  

Wow, so at what age did you really start kind of diving into like getting to where you are today? Was this a personal journey? You went on and you were like hey, maybe I can help people with this, or how. What did that look like?

Jessica Perrone:  

So funny. You should say it. I'd say it's a culmination of all sorts of mentors I've had in my life. Um, so I I'll never forget the first time I had my real paying job out of college, Okay, and I got my first paycheck and I had a mentor at that time.

Jessica Perrone:  

His name was Don and he literally took me to the credit union in the building and said, okay, what are you doing with your paycheck? And I'm like what are you talking about? What am I doing with my paycheck? I'm paying off my college loans, I'm paying for my utilities, my apartment what are you talking about? What am I doing? He's like no, what are you doing for savings and retirement? I'm like, what's that? He literally, I'm so indebted to this gentleman forever. He showed me these pamphlets from the credit union and said, okay, this is the 401k and this is the employee stock purchase plan and you really want to put about 20% of your, your income, in aside for these things. And I, honestly, I had no idea what they were for.

Jessica Perrone:  

Um, and, and and to this day, I'm like how did I not know that a 401k was being invested in the stock market?

Jessica Perrone:  

Like, for whatever reason, I did not make that connection, and so it's it's all these little lessons I learned from life that came together for the courses. And then I did have a successful career in wall street afterwards, where and it's really interesting because I was working for a fintech startup and I realized I was working with all these Wall Street desks and I realized I had to learn how to trade in order to be a better salesperson for all these traders. So I actually went on a journey to teach myself how to trade so I could understand what these Wall Street traders were doing, and I learned so many things, and people say that mistakes are sometimes the best ways to learn, and they were. I learned so many mistakes and in my courses, my Before Investing, Investing for Beginners and Stocks and ETF Simplified. I really take a lot of these mistakes that I made over time and simplify them so that people have an idea of just where to start when it comes to investing.

Brad Nelson:  

Yeah, and I guess that's my first question for you is so here at Devery Dad, you know our goal here is to help people. You know we consider ourselves the first table of. Like you're you're you don't have any emergency fund, you don't have any savings. Like you're, you're buried in debt. You're paycheck to paycheck living. You have a lot of financial stress. Like we got to work on getting that stuff cleaned up. And then I look at someone like you, an individual, who helps people with the investing kind of that second table. Now that you have money, you've reclaimed your income. Now what do you go do with it? And I think investing is a great has some financial stress. Like where do you feel investing falls in line with some of that?

Jessica Perrone:  

So that's a really interesting question, and there's two schools of thought on this, and the first one is just like how easy it is to start investing. Nowadays People don't realize how easy it is. They think they need like $5,000 to start investing and that's not true anymore. And I feel like with the courses that I created, I actually go into the different ways that you can start investing and then you can kind of choose what is the right fit for you.

Jessica Perrone:  

But the number one way an individual can start investing is just by contributing to their 401k, their workplace retirement plans, and that is such a wonderful way to get involved in the market, and I feel like there's a disconnect there. If people are like really, I'm invested in the market with that. Yes, it's just a managed fund. The monies that you are having deducted from your paycheck are going into these retirement accounts that are being invested for you based on your risk tolerance and your risk assessment. So it's a really great way to passively get invested in the markets. So that would be like just the number one way to do it, regardless of your situation, and a lot of these companies have matches.

Brad Nelson:  

So if you are not taking advantage of the match, the company match, you're losing out on free money, yeah, yeah yeah, I totally agree there, and I think that's one thing if you are getting a company match is to at least hopefully you're in a financial spot where you can at least put in the match just to get them to match it, because, like you've said, jessica, that's free money. Yeah, what do you say about credit cards? High interest right now, I mean obviously, with the way that the market is and the way interest rates are, I mean credit cards are super high interest. Like do you recommend people holding off on retirement and focusing on paying that stuff off? Or like Is there a happy medium in your opinion, or is everyone's situation different?

Jessica Perrone:  

So everyone's situation is different and I feel like, regardless, your workplace benefits is number one like, especially if there's the match. But, frankly, credit card debt, with those interest rates, are ticking time bombs, frankly. So when I talk so in my before investing course, I actually talk about the financial ducks and these are the financial foundations that you want to get in a row before you start investing and just, it's really just a numbers game. So it a lot of financial advisors use a like 6 percent on average, six percent return in the market. Okay, so just think about that six percent. But if you are paying, um, a 20 interest rate on a credit card, uh, that really doesn't match, right, you're not making enough in the markets to cover your interest from your credit card. So just a sheer, sheer numbers game.

Jessica Perrone:  

So what I do recommend doing is there's four things, basically, that we want to do before we start thinking about investing, of course, like outside, especially outside of the workplace retirement plans. The first one is credit card debt, bad debt number one bad debt. Now there are conversations about good debt versus bad debt and also looking at interest rates, right? So we really, when it comes to debt and especially credit card debt, credit card debt is the number one bad debt out there. But if you have, for example, a mortgage that has a lower interest rate that's also helping your credit score because a credit mix does help your credit score and saves you money in the long run Then maybe that is a situation where potentially you would prioritize investing over, you know, trying to pay back that mortgage that has a super low interest rate. So it really is an interest rate game at that point, if that makes sense. I'm sorry if I was.

Brad Nelson:  

Yeah, no, no, no, absolutely. So I think what you're saying is obviously attack credit card debt with a vengeance, get that stuff paid off, because that's an immediate return right into your pocket, like that percentage rate. You can look at that and say I get to earn that back, because you're no longer paying that interest every every single month.

Brad Nelson:  

So, yeah, that is some great stuff. And then what about like, okay, I'm looking at investing. Is this something that, like, I do on my own? Again, you mentioned company 401k plans, but let's say, like my company doesn't offer a match and I got to look at something independently, maybe like doing my own Roth IRA or something along those lines. Like, talk about how you navigate, I guess, all of the options that are out there. I mean, heck, you can invest with apps now that are very simple. And sometimes it's like you have all of these options, all of these things that are out there, and sometimes I think people like get stuck because it's like I don't know if this is the right one, or if this is the right one and who to believe. So how do you navigate all that?

Jessica Perrone:  

Okay, so in my before investing course I kind of talk about, there's two things to think about initially. The first one is if you want to manage your investments yourself or if you want to have someone else manage them for you. So that's sort of the first thing that you want to think about, and, frankly, it's risky to try to do it all yourself, especially when you don't know what's going on out there. There is risk when it comes to the markets, so where I want to say this, though, is I don't want to dissuade people from trying to invest in single stock names. They are interested in doing that. Just know that. To do the research behind it and really understand the stock before you do it, because if you're just following a meme on tiktok or a buddy's, a buddy's stock tip, you can get screwed. So here's the.

Jessica Perrone:  

Let me tell you a funny story, actually, about this.

Jessica Perrone:  

Uh and this is this is something this was one of the lessons that I learned over time is again, in that first job that I had, I was surrounded by men in cubicles, and these guys in cubicles were talking about all these stock tips that their brokers were coming to them, and this was before it was free to place trades through your retail brokerage and you actually had to call up the broker and place the trade and whatnot. And they're like, jessica, you should really get in on this. And I'm like, okay, I will. But what I didn't understand is that news moves the stock and that opportunity is sometimes gone. So what I ended up doing was calling up the broker. I had to set up the account. A week goes by, I transferred money in there, which was a whole lot of money for me at the time, and and it was a pump and dump scheme. So that means, like the brokers were, were hyping it up, getting it to go up and then started to sell it off once it reached the top.

Jessica Perrone:  

So, I bought it at the top and it got sold off and I literally it was a penny stock and I lost my shirt on it. I lost every single penny. And not only that, but I had to pay get this brokerage fees on top of that. So, yeah, so that was like my very first lesson with penny stocks, but I didn't know that I was getting involved in biopharma penny stocks. I had no idea. Now I do. Now I know that there's different types of riskiness and different types of stocks. So you have your large cap stocks, which are like your Walmarts and your Microsoft. These are companies that will be here tomorrow. These small caps, these are companies that are in experimental phases. They don't necessarily have revenue, they don't necessarily have track records. So when you start thinking of these stocks in terms of companies, and that was another, you know another connection I made later on in life.

Jessica Perrone:  

I don't know why I just couldn't connect a stock with a company. Couldn't connect a stock with a company Like. It seems so simple now I'm like, but but way back when I had no idea that a stock was just a company and I literally, when I was going on my voyages for trading, I went through like all these stock screeners and I went through all these strategies and then I realized I'm like you know what? I'm just going to invest in the stocks that I believe in, and that was one of the strategies that I teach a lot of individuals out. There is just, you know, sticking to names that you believe in full heartedly.

Jessica Perrone:  

And Warren Buffett even says this. He says do not own a company that you are, do not have intentions and this is I'm paraphrasing it for 10 years of holding for 10 years. Do not have intentions and this is I'm paraphrasing it for 10 years of holding for 10 years. You do not have the intention to hold it for at least 10 years, and that's sort of like the thought process, um, that you want to go through when investing in individual stocks. I'm sorry, I went down a rabbit hole. As you can tell, I'm really passionate about this stuff, but so that was the number one. Going back to what you originally said, the first thing you want to think about is whether or not you want to do individual investing or have someone else manage it for you.

Brad Nelson:  

Yeah, what do you say to the individual? Because you are very educated now with this but obviously the average person doesn't have nearly the knowledge or the education that you do. And you brought up things like brokers were speaking up these stocks and obviously in this day and age, I mean information is at our hands immediately, it's instant, whether it's from co-workers, friends, family talking about investing stuff that you're reading on social media, the news. Like how does the average person sift through all that information? Or maybe I guess the better question is how do they keep their blinders on? Like once they have a plan, they've set it up, whether they're doing it with an advisor or they're doing it on their own. Like how do they ignore everything that's going on and just stick with it? Because I kind of look at it like a roller coaster ride, like how do you not jump off when it's like that big hill's coming?

Jessica Perrone:  

managed accounts, that's somebody else managing your account for you. That kind of allows you to set it and forget it and really not have to worry about the ups and downs. So this kind of comes back to the different ways that you can invest your money. So you can invest it in a retail broker and invest it yourself, do the self-directed investing, or you could even do a robo-advisor. A lot of financial advisors won't take on clients less than $500,000, a million dollars, right. So the robo-advisors really democratize the ability for an individual to have a service similar to a financial advisor but not have the one-on-one touchy feeliness. And, frankly, if you only have like a hundred dollars that you want to put in a robo-advisor, you can do that.

Jessica Perrone:  

And there's three robo-advisors that come to mind. The first one is, excuse me, Wealthfront, and then there's Betterment and then there's even Acorns. So Acorns is kind of cool because you can like round up your change, you can create family accounts and it's really friendly and approachable. And I really love the education that comes with Acorns as well. They send you little blurbs every week about what's going on the markets, how it affects you, and they're really approachable. So I've had a really good experience with them. I also really love my Wealthfront for more advanced robo-advisor, and they have some really cool features there as well.

Jessica Perrone:  

A lot of these robo-advisors allow you to take a risk analysis, a risk tolerance questionnaire, and then, based on your risk tolerance, they kind of get an idea of how they're going to invest your money. So risk tolerance is basically like how much risk do you like to take on? And I'm going to equate this to driving a car and you're going to be like what? So it's like some of us like to go a lot faster than the speed limit and we're willing to take on that risk.

Jessica Perrone:  

Right, and some of us like to go the speed limit because we want nothing to do with tickets or any risk right. And some of us were like you know what, I'm going to go the speed limit because we want nothing to do with tickets or any risk right. And some of us were like you know what, I'm going to go a little bit below the speed limit here, right, I'm really super conservative, I'm really scared of driving.

Jessica Perrone:  

So that's really what the robo advisors and financial advisors are doing with these risk assessment questionnaires is they're just gauging your risk tolerance so that they know how risky of assets to invest your money. So, for example, if you are like you know what the market goes down, I have my blinders on, I'm not going to worry about it and I have a long time before I have to go into retirement or take money out then they might put you in riskier assets that might have a higher return, whereas someone that's closer to retirement or closer to a life stage where they need to take money out well, they might be in less risky assets. So it all depends on and this is so funny because you probably never thought that financial advisors and robo-advisors invest your money based on your feelings. Isn't that funny?

Brad Nelson:  

It is, and that's why I like that you're talking about this, because, again, I'm 45.

Brad Nelson:  

So for me, I feel like I'm willing to take on risk because I got a while.

Brad Nelson:  

But what I think people get wrapped up in is like, say, you're like a 30 something or a 20 something and you're so scared about getting into the market because of all of the uncertainties in the world and economy and possible war and all that stuff. And it's like, well, if you look at the grand scheme of things, though, when you're younger, you have so much more time to come back from anything that might happen in your younger years. So I like that you bring that up because I think it's important. Yes, it's important for a financial advisor to weigh that maybe a robo-advisor, but it's also important for you to understand that too, because you're going to see all this flashy stuff online or newspapers and friends and family talking about it, like you got to get out of the market because you're going to lose all your money. But as an individual, you need to understand this is how it works and I need to understand my time horizon. I got time. Or, like you said, I might be an individual who doesn't have a lot of time.

Jessica Perrone:  

And really the game here is consistency.

Brad Nelson:  

Yeah.

Jessica Perrone:  

It really is. I love this.

Brad Nelson:  

Yes, talk about that. Consistency is so key. So, consistency, talk about the importance of consistently doing this all the time.

Jessica Perrone:  

Absolutely, and there's two things that I'm going to talk about with this. But the consistency is really important. So a lot of people say, okay, I have to wait until I have $10,000 and then I'm going to put in the market. Well, that's actually not the best idea, because you look at the stock market as a chart and over time it's kind ofzags it goes up and down, up and down, up and up and down, up and down, but over the longterm it goes up right. So if you put in money into the market and that's another reason why your workplace deductions are so helpful is because you just it's consistently being deducted and putting into the markets and when you do that you get actually get the. You have your monies invested in the market at different, at different levels. So, for example, on on, on one investment it might be kind of on the high side, but on another day you you hit it right at a low and it averages out the cost of getting into the market. So that's also really nice.

Jessica Perrone:  

But back to what you said even before. That is the fear factor and I just want to reiterate we had the biggest financial event happen to us in our lifetime, which was COVID. Right, we were cruising along and then, all of a sudden, the markets went boom. Okay, they sold off significantly and a lot of people that were stressed out in that point in time took their monies out at a loss. Right, they took their monies out at a loss and, to add insult to injury, they missed this huge rally afterwards.

Brad Nelson:  

Yes.

Jessica Perrone:  

Right. So that is what fear does, and if you just consistently, consistently you know what this is a blip, I'm just going to keep putting my monies in consistently, you know what? Yeah, come back and you're like, wow, look at this, look what happened.

Brad Nelson:  

It's always so fascinating to me that people look at the stock market that way. It's like I bought high, so things are good, and my confidence is high. But if you go shop at your local department store, are you going to shop on the day where the product is the absolute highest you can ever buy it? No, you're going to shop when it's Black Friday and everything is 75% off. Right, but it's weird. When it comes to the stock market, we don't look at it that way. It's totally weird to me that we don't.

Jessica Perrone:  

Absolutely, and it's interesting because so I and I also wanted to. I'll just back this up really quickly. Another thing that people don't understand is that you don't have to do it invest in the market just one way. Okay, so you can actually diversify how you invest in the market. You can have your own account, and a lot of us understand certain industries and we have sort of this inside knowledge base. So, especially your passions Like if you know cars really well and you know that this type of engine is being used in these cars, or you know, you can kind of get an idea of, oh, this is going to, this is going to be big and maybe invest in that.

Jessica Perrone:  

So, like you can have those individual investments. You can have a robo-advisor and you can also have a financial advisor and you can have a workplace retirement account as well. You can have all these pots, and what I like to do is I actually like to benchmark them, and if my trading is not doing better than my financial advisor, then why am I doing it? Why am I not just allocating more money to my financial advisor? The other thing I just want to back up here is that diversification across asset classes is important. So, for example, don't underestimate real estate in this whole equation. And a lot of the things of real estate also apply to the investing financial docs. Like, you really want to have a super good credit score going into housing, you want to pay off a lot of your debt as well, you want to have that emergency fund and you want to be able to budget for it. So, like all these similar questions, all these similar conversations can apply to multiple asset classes, not just the stock market.

Brad Nelson:  

Yeah, yeah, so good. So if you're just getting started now, you have some resources and things and you've shared a lot of great information here just from a 30,000 foot view of investing for beginners. But what are some resources and things out there for people who are looking at doing this, wanting to get started? What do you offer people and how do you help people kind of navigate this big, huge subject?

Jessica Perrone:  

Sure, sure. So it's funny enough. I started off with her financial IQ because my focus was women and teens and I was just it just morphed. I actually started like thinking I wanted to teach women how to trade and the anxiety behind that was so great. I was like you know what I need to just teach women the basics of personal finance so that they feel brave enough to go out and have a conversation with a financial advisor or be part of the household conversation around investing. So I do have my courses for women it's before investing which talks about how to prepare yourself financially to start investing. For beginners, which teaches you about the various ways to put your monies to work and sort of. When you identify the ways that you want to put your monies to work, you kind of have to identify how, what kind of um, what kind of assets to do that, and so that's why I came together with the stocks and ETFified course, which really explains you know what these financial advisors, what these robo advisors are investing your monies into.

Brad Nelson:  

Yeah, yeah, I love that. So where can people get more information about where?

Jessica Perrone:  

to get these courses. Oh, thank you so much. It's Herfin, like fin of the fish, iqcom, social media I'm always posting things at her. Finiq is across all the social media TikTok, insta, facebook. But I also do coaching. I do family coaching as well, and it's interesting because I had a lot of men approach me, say, look, we wanna learn this stuff too. It's expected, we are expected to already know this, and in our family, but in our families, our dads didn't know how to do this, so it would be really nice to have someone to talk us through this. So I do coach all family members, um, whether it's teens, dads, moms, couples, whole families together, um, so that's, that's what I do.

Brad Nelson:  

And I love it, I really love every minute of it.

Brad Nelson:  

So awesome and if you're listening to this and you're like listen, it's like this seems really overwhelming. You guys, this is what we're working towards here. We're trying to get you out of debt, into a better situation where you reclaim your income, and this is where it gets exciting, because you get to take advantage of something called compound interest and having interest be a benefit to you and your family and your future, and being able to build net worth and be able to reach your financial dreams. This is where the fun stuff happens. So get a hold of Jessica if you want more information. Thank you so much, jessica, for this. This is great.

Jessica Perrone:  

Thank you so much for having me. I so enjoyed our conversation and I look forward to more to come.

Brad Nelson:  

And I look forward to more to come. Now, guys, if you are ready to take control of your finances so you can begin investing and taking advantage of this amazing thing called compound interest, I got a great resource. If you want to pay off debt, save more money, take better control of those finances and start seeing better results in as little as 30 to 60 days, all you have to do is head over to a debtfreedeadcom, click on the green button at the top of the page and we're going to show you how you can get started. Let's talk about debt, baby. Let's talk about your money. Let's talk about all the good things, all the bad things that may be. Let's talk about debt. Let's talk about debt T for the celebrations of the show, and today we are kicking off with Tara. Tara says I paid off two credit cards today in a total of $553.21 and another one of $1,216.67. Tara, big chunks paid off, huge congratulations. Every credit card paid off. It feels so good, so happy for you.

Brad Nelson:  

Steven says I've got my $1,000 emergency fund saved and three months in addition of bills saved up. Steven rocking it with that large emergency fund now, great job. And then, lee, my accomplishment was to decline an invitation to go out to dinner. It wasn't in my budget and it wasn't going to help me reach my goals. It was hard to say no, but I did it. Lee man, sometimes these wins cannot feel like wins, almost like disappointments, but such a huge win, win standing up for your financial goals and sticking to your plan. Congratulations to you. Very hard fought, so, as always, guys, congratulations to all of you guys who are taking a stand for your financial life and are wanting better. Hey, we get here at Deferred Debt. Getting out of debt. It's not easy, but with our help and hopefully with your consistency and discipline, we promise you guys this will be some of the best work that you guys do in your entire life.

Announcer:  

Thanks for joining us on today's show and we will see you guys on the next episode. Thanks for listening to the Debt-Free Dad podcast. Connect with us on Facebook, tiktok, youtube and Instagram. Just search Debt Free Dad. If you found value in today's episode, please leave us a rating and review. We so appreciate it. For resources, show notes and links mentioned in today's show. Visit DebtFreeDadcom. Catch you next week.

Search Our Episode Library

Categories

Practical tips to help guide you from financial stress to peace of mind!

EveryĀ Sunday Afternoon, you'll get actionable tips, stories and helpful information to help you take control of you personal finances and start winning with your money.Ā Ā 

Click Here to Subscribe to Our Newsletter