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The Worth Project Podcast

Apr 30, 2019

This week on the podcast we’re talking with Shannon Lee Simmons about creating a shame-free, blame-free debt repayment plan so we can all live debt free.

Something's gotta go.

We fell in love with our pale aqua, retro, little car. But after answering our life planning questions we realized she wasn't our thing anymore. It was a tough decision but we are not looking back. Well, maybe a few more drives through the English countryside this spring. Check out the show notes for pictures!

This week is a bit of a related podcast to our show from last week, which was all about my student debt and the lessons we learned in paying it off. We talked about our experience, but it’s really just one viewpoint. So, I figured it was a good idea to have someone with more debt experience on the show. Debt is one of the big hurdles that can keep you stuck in a negative mindset and it’s a real struggle for anyone to figure out how to live a great life today, while you’re still paying for something that happened in the past.

This week we’re talking with Shannon Lee Simmons, a CFP and founder of The New School of Finance. She’s the author of two books: Worry-Free Money and Living Debt Free. We wanted to have her on because her approach to debt is so realistic. She doesn’t want to punish you for past mistakes and she doesn’t think that you have to give up everything you love to get out of debt. Her approach is balanced and fun (kind of like her personality).

In this episode, you'll hear

  • How Shannon started her financial planning company by bartering her services with over 300 women.
  • How to stop the shame spiral that comes with debt
  • The major reasons that land people into debt and it’s really not what we think.
  • Why sometimes paying off your zero interest debt first, rather than the high-interest debt, may actually be a good idea.
  • How you can pay off your debt without taking extreme measures depriving yourself of the things you love.
  • It’s ok to live your life while still paying off debt.

Check out the show notes for pictures and links!…approach-to-debt/ 

You can find Shannon Lee Simmons at The New School of Finance