Money Expert Reveals How to Eliminate DebtIn 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
✬ SPONSORS OF EPISODE 99 ✬
► TWILLORY – Premium men's wear that works hard and looks even better.
Use promo code CHAI20 at
https://Twillory.com/KosherMoney for 20% off your first order
.► BITBEAN – Got big ideas but clunky systems holding you back?
BitBean is the go-to team for custom software that actually works for your business. Whether you're in healthcare, finance, or retail, they’ve built powerful platforms that scale smart.
Dive into real case studies and connect with their expert team here:
https://bitbean.link/4edg53
► ZStander – Beautiful Judaica and home pieces for everyday life and special occasions.
From wine fountains to candlesticks, honey dishes to bentchers, ZStander makes gorgeous items that are built to last and can even be personalized.
Use promo code KOSHER at https://zstander.com/discount/KOSHER for 10% off.
► COLEL CHABAD – Our brothers and sisters in Israel need us more than ever.
Every dollar makes a difference at https://colelchabad.org/koshermoney/
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
✬ Support the show! Help us create more episodes like this: https://www.livinglchaim.com/donate
💬 Need financial clarity? Visit LivingSmarterJewish.org for free resources.📲
Follow Kosher Money for bonus clips & behind the scenes:
TikTok: https://www.tiktok.com/@koshermoneypodInstagram: https://www.instagram.com/koshermoneypod
📞 Call-In-To-Listen Hotline:
USA: 605-477-2100
UK: 0333-366-0154
Israel: 079-579-5088
📤 WhatsApp feedback: 1-914-222-5513
⚠️ Reminder: This episode or description is not financial advice. Always do your own research.
#KM
101
|
1T 16M
