In this episode, you’ll hear the stories of people who finally got their budget under control, but are still staring at tens of thousands in old debt they can’t shake.

Debt advisor David Siegel explains the tough options left on the table: lowering interest through programs, negotiating settlements, or, when nothing else works, starting fresh with bankruptcy.

Contact David at DJS.Siegel@gmail.com

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CHAPTERS:

00:00 Intro

01:21 Has America Lost Its Mind on Debt?

04:28 Are Credit Card Companies Setting You Up? 06:35 Who David Actually Advises

08:09 The Shame People Feel Around Debt

09:57 Making Sense of Debt in Simple Terms

11:57 Why Budgeting Is the Key to Freedom

14:01 How Money Problems Hurt Marriages

16:31 Twillory Clothing Is Being Spotted Worldwide

17:33 Bitbean + AI Innovation

18:48 3 Practical Solutions for Debt

19:35 How to Lower Your Interest Rate

25:45 The Real Problems With DMPs

29:00 Should You Consolidate Your Credit Cards?

30:08 Going to a Gemach for Help

32:12 Where the Money Really Is in DMPs

33:19 More Ways to Cut Down Your Interest Rate

34:35 Using a Home Equity Line of Credit (HELOC)

37:33 Pros and Cons of a HELOC Explained

40:12 Don’t Let Bills Control Your Life

41:42 The Risks of Borrowing From Family

43:49 Unique & Beautiful Judaica Items from ZStander

45:43 Colel Chabad: Feeding Thousands of Families

46:53 The Dangers of Debt Settlements

52:38 Why You Should Start With a DMP

54:12 What Bankruptcy Really Means

55:28 Who Actually Qualifies for Bankruptcy

57:57 Why You Shouldn’t Rush Into Bankruptcy

58:22 Legal Steps When Filing for Bankruptcy

1:00:17 Reasons Not to File for Bankruptcy

1:02:32 Bankruptcy Issues in Orthodox Communities

1:05:58 The Stigma: Bankruptcy vs. Settlement

1:06:54 Why Using Credit Responsibly Matters

1:07:39 How Shmittah Connects to Bankruptcy

1:08:28 Don’t Run Away From Financial Problems

1:09:00 The Living Smarter Jewish Resource

1:09:52 How to Handle Medical Debt

1:10:36 What’s Changing With Student Loans

1:12:08 Fun Facts About David

1:12:35 Where You Can Find David

1:13:57 Outro: Final Thoughts + Prizes

• GET LIFE INSURANCE!

⟶ Project 120's site: https://www.theproject120.com/

• GET A WILL!

⟶ https://youtu.be/bHdpPuvKGVM

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⚠️ Reminder: This episode or description is not financial advice. Always do your own research.

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