142: Deacon Hayes on Wiping Out $50k in Debt in 18 Mos

So Money with Farnoosh Torabi

Farnoosh Torabi

Business, Entrepreneurship

4.7 • 2K Ratings

🗓️ 2 June 2015

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's guest is Deacon Hayes, he is a great case in point. After being overwhelmed by $52,000 of debt, outside of their mortgage, he and his wife made a decision to quickly change the way they handled money. And they weren't kidding. 18 months later, it was gone. All of it. All $52,000 and because they were actually able to pay it off so quickly, they were featured on sites like US News and World Report. That led them to a live interview on Fox News. Deacon tells me that he enjoyed the process so much, he decided to turn it into a career. He quit his job as a financial planner, and actually founded the popular website Wellkeptwallet.com. And he also has a weekly podcast with that name. And there he helps people, that are in the same situation that they were in just a few years ago, become debt free.

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Transcript

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0:00.0	So Money episode 142, Deacon Hayes.
0:05.2	You're listening to So Money
0:06.8	with award-winning money guru Farnoosh Karabi.
0:09.7	Each day, get a 30 minute dose of financial inspiration from the world's top business minds,
0:14.8	authors, influencers, and from Farnus herself.
0:19.2	Looking for ways to save on gas or double your double coupons?
0:22.8	Sorry, you're in the wrong place.
0:24.9	Seeking profound ways to live a richer, happier life.
0:28.3	Welcome to So Money.
0:36.2	Hey everyone, welcome back to So Money. I'm your host for news to Robbie. Thanks so much for tuning in. You know I love hearing stories
0:40.9	about individuals getting out of debt because it typically changes
0:44.7	their lives in more ways than one.
0:46.7	And I know that some of you listening might be struggling with either student loans or
0:50.3	credit card debt or just have a mortgage that you want to get out of sooner than later.
0:55.0	Today's guest is Deacon Hayes.
0:57.0	He is a great case in point after being overwhelmed by $52,000 of debt outside of their mortgage, he and his wife made a decision to quickly
1:07.2	change the way they handled money. And they weren't kidding. 18 months later, it was gone.
1:14.2	All of it, all $52,000.
1:16.2	And because they were actually able to pay it off so quickly,
1:18.8	they were featured on sites like US News and World Report,
1:22.3	that led then to a live interview on Fox News.
1:25.8	Deacon tells me that he enjoyed the process so much
	...

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