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What’s it like to have no debt, no credit cards, and no credit score? It sounds like freakish existence in today’s world, but it’s what this podcast is all about. Steve Stewart hasn’t had a single credit card or consumer debt since 2007. In 2010, he launched the Money Plan SOS podcast to share the knowledge gained while living a credit-free lifestyle. Along the way he learned about the negative effects of building a credit score and eventually found a way to be credit worthy - even without a ...
The Follow Me out of Debt podcast is an easily-digestible show that's a unique peek into Tom's personal strategies that will show you what works (and what doesn't) to get out of debt and get into prosperity. This isn't your typical get-out-of-debt show like others you may have heard before from other well-known authors and show hosts, including Dave Ramsey, Clark Howard, and others. Instead, Tom is taking only the best and most recent and relevant information that's out there and distilling ...
Last week, I headed over to the credit union and wrote the check to officially pay off our second vehicle. Aside from the taste of freedom, there are also some great tips on what to do with the additional money that isn't going to a car payment every month.
Here are my top 5 tips on cheap living, and when you implement these tips, you will save money. I want you to feel comfortable about being cheap, because it's not really a bad thing, especially when it comes to personal finance.
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Follow Me out of Debt | Get out of debt and get into prosperity!
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FMOOD 0395: What Living Below Your Means... Means
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The money that you are bringing in, either on your own or between you and your spouse, is meant to pay for certain expenses. When those expenses start to equal more than your available means, you have officially started to live above your means - the antithesis of where you want to be.
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FMOOD 0394: What I Learned From the Grocery Budget Makeover
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The Grocery Budget Makeover is hands down one of the most easy-to-follow, informational, motivational, and just downright simple programs out there to truly help you to save hundreds of dollars each month on grocery spending.
Getting paid what you're worth not only affects your current earnings but future earnings as well. Find out how to earn more, even if it's not through your current place of employment.
We're looking at a very good possibility of additional stimulus payments, but along with that, there's a level of unwarranted negativity towards folks who may be relying on this next stimulus for all of the right reasons.
This one's for all of the warriors out there, battling debt and taking names.
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FMOOD 0390: Best of FMOOD (The Importance of Weekly Budget Updates)
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In this best-of series, we're revisiting the importance of weekly budget updates.
Life was never promised to be easy, but when things are hard, we get to choose our hard.
After a four-month hiatus, it's time to get back to business with new content and a new perspective!
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The BEST and WORST of the Money Plan SOS Podcast
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Welcome! If you are new to the Money Plan SOS podcast then sit back. I’ll share with you the 20 best episodes, 10 “staple” episodes, and the 13 worst episodes. I also share my journey through money over the past two decades. The full show notes are atBy Steve Stewart
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FMOOD 0387: How to Raise Your Credit Score During a Pandemic
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We're talking about how to raise your credit score during a pandemic, and it's not as difficult as you may think.
It's human nature to settle in times of desperation. This applies to many different things, including our choice of vocation. We are living in uncertain times, and both the economy and job markets don't hold the same sense of security for us as they did just several months ago. Folks are losing their jobs or are taking jobs that they are overqualif…
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FMOOD 0385: What's New This Month (April 2020)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
Here's an alternative to paying down debt that might actually help you to pay things off even faster. I'd like to introduce you to something that I like to call The Savings Game. I would say that it's more of a strategy than a game, but it's more fun to refer to this as a game, right? Ideally, you'll want to check with your bank or credit union to …
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FMOOD 0383: The Best Advice for Your Stimulus Check
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What do you plan to do with your stimulus check? This is going to vary based on individual situations, of course. Some folks are now unemployed due to this pandemic or have a reduction in hours, and some folks are blessed to continue earning income as they were before. With this in mind, the stimulus needs to immediately go towards living expenses …
Will the new economy change the way that we work, shop, and define our wants versus our needs? I think so. While working from home has become more prevalent, it's not a new idea. However, this among other changes are becoming more generally accepted, and I think that this may carry over past the current pandemic that we're facing to become a new no…
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FMOOD 0381: What's New This Month (March 2020)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
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Follow Me out of Debt | Get out of debt and get into prosperity!
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FMOOD 0380: A Personal Finance Conversation on COVID-19 Coronavirus
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This has been called an unprecedented event; a true pandemic that has shut down the majority of what we know to be normal. Businesses are closed or will close, churches are moving to video or audio broadcasts rather than a physical gathering, folks are no longer able to go to work, and kids can't go to school. How does the uncertainty of this whole…
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FMOOD 0379: Don't Pay Cash for Your Next Vehicle Until You Listen to This!
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You've heard it before. Someone walks into an automobile dealership and proclaims that they are a cash buyer. When you hear about these folks, they seem to be these mysterious creatures who have defied the natural laws of purchasing vehicles. The simple truth is, they're not mysterious, and paying cash for a vehicle is more common than you might th…
I've been thinking about notching things up a little and taking more drastic measures to accelerate debt payoff. One of the things that I've discovered is that it's very common for many folks who are making extra payments or increasing their monthly payments towards their debt focus to never ask if they're doing all that they can as fast as they ca…
One of the best ways to know how well we're doing is to have a metric in place. This apples to being able to tell how well we are doing with our goals of getting out of debt and getting into prosperity. How much cash we have available to us, either in the form of a wad of cash in our wallet or purse or what's available for us to use on our debit ca…
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FMOOD 0376: How to Start a Business With Little or No Money
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Have you ever wondered how you can start a successful business with little or no money? It's not easy, but it's also not as difficult as you might think. Many folks believe that they need to invest their own money or borrow capital in order to start a business. This simply isn't always the case. Rather than starting a product-based business, instea…
Planning is one thing, but action is a whole different beast. If you have yet to take that all-important first step, it's time to do that today. Don't wait until tomorrow; you won't see your goals met until you actually take the steps necessary to get out of the starting gate. While paying off debt can be a little scary, the good news is that as yo…
It's easy to get lost in the blame game. As an almost unspoken rule of human nature, we tend to blame others for our own shortcomings, or we place blame on certain individual circumstances. The problem is that once we deflect blame, we no longer take responsibility for the root cause of the issue. Once we don't have the weight of responsibility on …
It's time to break free from the chains that have been keeping you bound for way too long. When an elephant is used for purposes that are different from its natural habitat, such as training to be in a circus, the young elephant is bound to a post using chains. The young elephant is unable to escape from its post because it's simply not strong enou…
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FMOOD 0372: What's New This Month (January 2020)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
Knowing your endgame can help to get you through this journey of getting out of debt, especially if you can envision what life will be like once you're out of debt and getting into prosperity. Perhaps you want to give more generously and help those less fortunate. You may want to own rental properties and realize your dream to become a real estate …
I may be a bit biased, but I love this show. It's not what you think, though. The reason that I love this show is the community. Tune in as we see first-hand how our community of like-minded folks can overcome obstacles and thrust forward towards accomplishing each and every one of the goals that we set. God bless.…
We already know that saving money is one of the ways that will help us to reach our goal of getting out of debt. I have complied a list of the more common ways that we can save money this year and going forward. Some of the methods mentioned are for smaller purchases while others are for some larger purchases that we may need to make in the near fu…
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FMOOD 0368: What's New This Month (December 2019)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
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Follow Me out of Debt | Get out of debt and get into prosperity!
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FMOOD 0367: Is Your Gym Membership a Great Deal or a Money Steal?
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Is your gym membership a great deal or a money steal? Right before the start of a new year through the first month of a new year, you will see various gyms around your area offering no money down promotions, first-month-free promotions, or significantly discounted monthly dues. These offers may appear to be fantastic deals on the surface, but a dis…
It's time to get ready for the upcoming year. What do you have planned for 2020? Even if you got stuck in a rut during this last year, it's time to get your ducks in a row and start the year off strong. As a matter of fact, why wait? You can get started today! The biggest thing to keep in mind is that when it comes to goals, you'll want them to not…
Don't make things more complex than they need to be. Most of the things that get into our inboxes or our mailboxes are nothing more than distractions. It's best to keep your eye on the prize and not get distracted by seemingly simple shortcuts. The only guaranteed way to accomplish most goals is hard work, smart work, and perseverance. God bless.…
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FMOOD 0364: What's New This Month (November 2019)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
Everyone makes mistakes. The key is to allow ourselves forgiveness for those mistakes. We might be able to forgive others easily, but sometimes we don't forgive ourselves as easily. The key to moving forward is to move past the bad decisions that we've made in our past. Once we stop clinging to the past and look to the future, only then can we brea…
Empty your mind. Be formless, shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle, and it becomes the bottle. You put it in a teapot, it becomes the teapot. Now water can flow or it can crash. Be water, my friend. -- Bruce Lee
Why do we do the things that we do to get out of debt, and why is this such an important question to ask ourselves? If we can define our reason why we do what we do early on, we'll have a much greater chance of success. Define your why, determine how you will execute your action plan, focus on one debt at a time, and use the reason that you started…
Have you received a letter in the mail asking if you want to participate in debt settlement? Many times, the letter or the commercial that you see on television or hear on the radio about this particular topic might also be referred to as debt relief. In any case, this is rarely a good idea. I would never recommend that someone actually signs up fo…
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FMOOD 0359: What's New This Month (October 2019)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
Discover today how credit card companies and other similar entities try to keep us in debt and why. There are many different ways that credit card companies will utilize different perks, fee discounts, rate discounts, and other schemes to make us not only feel that their credit card is part of our financial well-being but will also be something tha…
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FMOOD 0357: How and Why to Focus on One Debt at a Time
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Why should you focus on one debt at a time? The quick and easy answer to this question is that it is much easier to process smaller bites of something rather than taking everything on all at once. When we hone in on that one debt that we're tackling right now in particular and give it our focused attention, we'll find that we'll have an easier time…
It's time to go on a financial diet. Akin to realizing that you've put on a few extra pounds and want to go on a diet to lose some weight, we can come to the realization that we've taken on too much debt and now need to decrease the amount that we owe. It's one thing to go on a diet, but it's a completely different thing to define the why before we…
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FMOOD 0355: What's New This Month (September 2019)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
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Follow Me out of Debt | Get out of debt and get into prosperity!
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FMOOD 0354: How to Increase Your Credit Score (And Why It's Important)
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Your credit score is more than just a number that financial institutions use to offer lines of credit or loans. The credit score for most people is an important number because there are other entities that will use your credit score to help them to know a little more about you. Two good examples of this are insurance companies and prospective emplo…
Whatever you do, don't let debt define you. You are a completely separate entity from your debt. As a matter of fact, you are the one who will be putting that debt in its place, and this is going to happen sooner than you think with the right mindset. Before we get into that, let's discuss what happens when we've been in debt for a long time. When …
When forming our spending habits, using cash is an absolute necessity. It is usually difficult to truly change our spending habits if we've been accustomed to using credit cards for a while and try to transition to only using our debit cards. Plastic is plastic is plastic, and until you get yourself accustomed to the feel of using paper money and c…
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FMOOD 0351: What Your Starter Emergency Fund Amount Should Be
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How much should your starter emergency fund amount be? Many times, you will hear that your starter emergency fund should be $1,000. Is that really enough for you? Is that even something that you can realistically attain in order to get started? As I've said many times on this show, there is no cookie-cutter approach to personal finance. This is yet…
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FMOOD 0350: What's New This Month (August 2019)
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It's time for a monthly check-in to discuss what I've been up to as it relates to getting out of debt and getting into prosperity. I think that it's a good idea for us to touch base once a month to see where things are at on my personal journey to get out of debt and get into prosperity, and hopefully it inspires you to continue forging ahead with …
The emotion of fear can be a source of panic, or it can be a good friend nudging you towards accomplishing your goals. The decision is completely up to you, and it almost completely depends upon the lens that you use to view fear to certain stimuli. Whether you are on the instant knee-jerk reaction to fear side of the spectrum or on the more analyt…
