Do You Have Queer Money? An Interview With David and John Auten-Schneider
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 28 April 2023
⏱️ 59 minutes
🧾️ Download transcript
Summary
Queer Money Tips and how to manage your finances in bad economic times.
John and David share their story about how they got into debt, why it is so alluring, and what they did to get out of debt. This is a problem shared by most people in the US. It is hard to avoid debt as it is so pervasive and seductive. Yet if you want to be financially free and lift the psychological burden that keeps you from your own financial freedom, you need to know how to be smart with debt.
John and David talk about the 5 Steps to Being Debt Free, The Lasso Method, The Debt Avalanche, Debt Snowball, and many more strategies to eliminate debt in your life.
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Megan Gorman | The Wealth Intersection
- Douglas Heagren | Pro College Planners
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name is Kirk Chisholm and I'll be your host. |
| 0:16.0 | So today I'm joined with my good friends, John and David, the debt-free guys. How you doing today, guys? |
| 0:20.0 | Hi, we're good. How are you? Good. Good. Well, glad to have you guys in the show. |
| 0:23.8 | We had David on. I think it was about a year and a half ago at FinCon, but never had a chance to get |
| 0:28.6 | both of you guys on. So I wanted to talk to you a little bit about your background because I think to me it's fascinating. I know we've been friends for a while, but tell us a bit about your background. How did you guys get into being debt-free guys? Oh, how far back do you want to go? |
| 0:42.7 | You tell me. Our debt stories go back. Born in 1973. I guess I'll start with the crux of the story |
| 0:50.3 | is about a year and a half after David and I got together, we finally had this come to Jesus' |
| 0:53.8 | moment that we had $51,000 in credit card debt. The irony was, though, at the time, |
| 0:59.9 | we had 15 years of combined experience in financial services, helping other people with their |
| 1:04.3 | money. So we're helping them plan for retirement, helping them pay off debt, helping them prepare |
| 1:07.7 | to put their kids through college, improve their credit score, all the good stuff, but we weren't applying any of it to our own lives. |
| 1:13.1 | When we realized how much debt we had, we sort of peeled back the onion and we're like, we've |
| 1:16.9 | been acquiring this for some time now. |
| 1:19.3 | So I think the debt story actually for both of us probably goes back to the late 90s, |
| 1:22.9 | early 2000s. |
| 1:23.9 | I'll say that for me, I started acquiring debt at a pretty young age. I was 19, I can |
| 1:29.8 | remember it was 19 or 20. My parents wanted to give me a graduation present. And so they saved up |
| 1:36.9 | some money and I saved up some money and they paid for half of a trip for me to go to Ireland |
| 1:41.6 | and England. We had lived in Ireland for a while when I was younger, |
| 1:45.6 | so I was going back to visit friends. My mom got me a credit card at the credit union as an |
... |
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