Crushing Debt Shawn M. Yesner

What is lifestyle creep?
Do you feel the need to keep up with the Joneses? Do your expenses increase as your income increases?
Years ago, Shawn's father taught him that your expenses do not have to grow proportionately to your income.  In other words, just because you make more money doesn't mean you have to spend less money.
Unfortunately, it seems like some people spend more as they make more.  Their lifestyle creeps to the more expensive as they get more income.
More disturbing, some people are using their credit cards as de facto savings accounts.  See the article here: Millennials may be using credit cards as a 'de facto emergency fund' (cnbc.com)
In today's episode, George and Shawn talk about lifestyle creep, plus the negatives (and positives) of using credit cards in lieu of savings accounts. For example, it might be necessary for a high-ticket emergency.
What do you think? Let us know if you've experienced lifestyle creep or what you did to avoid it.
Also, f you enjoyed this episode, please share it with your friends!
Please also visit our sponsors:
Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Mark Purvis to help retirees who are looking for a fun and rewarding project  by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt 
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach 
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. 

How does ADHD effect money? Budgeting?
What are some tips or tricks to work with money while dealing with ADHD?
In this week's episode, Shawn & George interview Tamika Howell.  Tamika is a Financial Educator who teaches busy and easily distracted Black women how to align their money with their values through one to one coaching and educational content on various social media platforms. Her primary focus is budgeting, saving, and debt management for those overwhelmed by their finances and unsure where to start. Tamika knows the feeling firsthand. As a Black woman living with ADHD, she created Organize Your Money as a safe space to ask questions and not feel alone on your financial organization journey. Tamika is a Certified Financial Education Instructor (CFEI) and a candidate for Accredited Financial Counselor (AFC). She also holds a bachelor’s degree Finance and spent her early career working as a corporate Tax Analyst.
Some of Tamika's suggestions:
Automation of payments; Separate accounts; and Use cash You can reach Tamika at Tamika@OrganizeYourMoney.net, or visit her on the web at www.OrganizeYourMoney.net for your free 8 Tips to Organize Your Money.
You can also find Tamika on Social Media:
LinkedIn - Tamika-Howell Instagram - @OrganizeYourMoney TikTok - @OrganizeYourMoney Facebook - @OrganizeYourMoney Twitter - @OrganizeYourMoney Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsors:
Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Mark Purvis to help retirees who are looking for a fun and rewarding project  by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt 
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach 
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. 

Should you lease or buy?
In this week's episode, Shawn and George discuss that age-old question, is it better to lease or buy a car?  George bought his cars. Shawn bought one (his wife's) and leases another (his). But which one is the better choice for you?
Some of the Pros of leasing a car: lower monthly payments, drive a better car for less money, get a new car every three years or so, lower maintenance costs because the car is newer or under warranty, and loyalty programs when you get a new car from the same dealership / finance company.
Some of the Cons of leasing a car: limited in mileage you can drive, no equity is built in a car, wear and tear charges or damages to be paid at the end of the lease term, and it may be difficult to return the car if your needs change during the term of the lease.
Advantages to buying a car: it's your car (you can customize or alter it however you want), no mileage limits, eventually the car is paid off and you no longer have to make payments, and you build equity in the car to use towards a down-payment on the next car.
Disadvantages of buying a car: higher monthly payments than leasing, the car depreciates in value quickly, downpayments (or trade-in) to buy a new or used car, you have to budget for annual repair or maintenance costs as the car ages, and higher insurance costs as the car ages.
Please let us know what do you think?  Should you lease or buy?
Please also visit our sponsors:
Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Mark Purvis to help retirees who are looking for a fun and rewarding project  by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt 
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com, or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach 
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. 
 

Do you have a commercial profitable enterprise that works without you?
Are you getting paid while you sleep?
Or do you have a job?
Shawn & George attended The Largest Networking Event in Tampa Bay last week and in this episode discuss lessons they learned from ActionCOACH Founder Brad Sugars, like:
Hustle & Grind is the New Stupid If you're not getting paid while you sleep, you don't have a business How to set daily goals for your company Telephone Scripts to maximize revenue per client Raising prices Why discounting kills businesses Get Off the Tools Fire Yourself as CEO if you are the talent behind the business. Plus, we captured some short interviews with:
Lonnie Veasley, Business Broker with Murphy Business Sales. L.Veasley@murphybusiness.com Tamas Dankos, Mavik Technologies. Tamas@mavik.tech Pramon Bastian, TeamLogic IT. PBastian@TeamLogicIT.com Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsors:
Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Mark Purvis to help retirees who are looking for a fun and rewarding project  by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt 
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach 
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. 

What questions do you have for us here on The Crushing Debt Podcast?
In today's episode, Shawn & George answer some of the most popular questions they receive, like:
My landlord died. Is my lease still valid? Can I shut down my business to avoid paying back business debt? Should I stay in a bad job just because they offer a 401k (or any other benefits)? Should I pay debt or invest the money? Some of these questions are blog posts that you can find at the links below:
My Landlord Died, Is My Lease Still Valid? | Florida Landlord Tenant Law (yesnerlaw.com) Can I Avoid Paying Business Debts By Shutting Down The Old Business And Opening A New Business? (yesnerlaw.com) Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsors:
Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Mark Purvis to help retirees who are looking for a fun and rewarding project  by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt 
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com, or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach 
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. 

How do you talk to your kids about money?
What books about money have influenced you that you want to share with your kids?
This week's guest, Clifton D. Corbin, MBA, PMP, was a business consultant with over two dozen decades of experience when he left the office to become a full time stay-at-home dad. During this time, he authored his first book, Your Kids, Their Money: A Parent's Guide to Raising Financially Literate Children, which focuses on providing parents with the skills and tools to teach financial literacy to ther children.
While reading The Richest Man in Babylon with his son (a timeless money classic) he found that the book failed to translate to his son.  Clifton and his son co-edited a rewrite of the book titled The Richest Person in Babylon.
Shawn and George talk to Clifton about these issues, as well as ADHD and Money, paying allowances, and other questions around how to talk to your kids about money.
You can find the books mentioned in today's episode at:
Your Kids, Their Money: https://cliftoncorbin.com/books/yourkidstheirmoney/ The Richest Person in Babylon: https://cliftoncorbin.com/books/the-richest-man-in-babylon/ The Richest Man in Babylon: Amazon.com or any local bookstore You can reach Clifton at:
https://CliftonCorbin.com Hello@Cliftoncorbin.com https://www.linkedin.com/in/cddcorbin/ https://www.instagram.com/cdcorbin_ https://twitter.com/cdcorbin https://facebook.com/CliftonDCorbin Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsors:
Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  Mark Purvis to help retirees who are looking for a fun and rewarding project  by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com.  Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt 
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com, or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach 
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com.