Tony Elam from FinancialMonsters.com join us on today’s show to share how his family paid off over $30K in consumer debt. Tony declared bankruptcy once in his early 20’s and almost did it again a few years later. Instead he decided to look at where he was financially and made some changes. This enabled him to chip away at his debt and become debt free. Because of this experience Tony wrote the book How to Beat the Financial Monster at the End of this Book (Knock Out Past Due Bills and Credit Card Problems). *
When he was single, one of the biggest changes Tony had to make to start paying down his debt was to start eating at home. Once he and his wife paid off their debt, there was this real feeling of relief. They now have been able to buy a house as well as enjoy life and not struggle with money.
Tony never planned on becoming an author, but it just happened. His advice to anyone wanting to write a book is to just start. It won’t be perfect, but you have to start somewhere.
“It’s not the problems you have; it’s how you react to them that will decide how well you do.” ~ Tony Elam
You can subscribe to the Debt Free Living Podcast either through Feedburner, iTunes, or Stitcher SmartRadio! The podcast can be found in iTunes under the JW’s Financial Coaching Podcast. If you subscribe you will receive both the JW’s Financial Coaching Podcast on Mondays and the Debt Free Living Podcast on Thursdays.
If you enjoyed this episode, please leave a review in iTunes. For a step by step video of how that works please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.
If you would like to take the steps necessary to start living debt free, I would love to be a part of your journey. Here’s how I can help.