<p>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.</p><p><br></p><p>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.</p><p><br></p><p>Contact David at DJS.Siegel@gmail.com </p><p><br></p><p>✬ SPONSORS OF EPISODE 99 ✬</p><p><br></p><p>► TWILLORY – Premium men&#39;s wear that works hard and looks even better. </p><p><br></p><p>Use promo code CHAI20 at </p><p>https://Twillory.com/KosherMoney for 20% off your first order</p><p><br></p><p>.► BITBEAN – Got big ideas but clunky systems holding you back? </p><p><br></p><p>BitBean is the go-to team for custom software that actually works for your business. Whether you&#39;re in healthcare, finance, or retail, they’ve built powerful platforms that scale smart. </p><p><br></p><p>Dive into real case studies and connect with their expert team here: </p><p>https://bitbean.link/4edg53</p><p><br></p><p>► ZStander – Beautiful Judaica and home pieces for everyday life and special occasions. </p><p><br></p><p>From wine fountains to candlesticks, honey dishes to bentchers, ZStander makes gorgeous items that are built to last and can even be personalized. </p><p><br></p><p>Use promo code KOSHER at https://zstander.com/discount/KOSHER for 10% off.</p><p><br></p><p>► COLEL CHABAD – Our brothers and sisters in Israel need us more than ever. </p><p><br></p><p>Every dollar makes a difference at https://colelchabad.org/koshermoney/</p><p><br></p><p>CHAPTERS:00:00 Intro01:21 Has America Lost Its Mind on Debt?04:28 Are Credit Card Companies Setting You Up?06:35 Who David Actually Advises08:09 The Shame People Feel Around Debt09:57 Making Sense of Debt in Simple Terms11:57 Why Budgeting Is the Key to Freedom14:01 How Money Problems Hurt Marriages16:31 Twillory Clothing Is Being Spotted Worldwide17:33 Bitbean + AI Innovation18:48 3 Practical Solutions for Debt19:35 How to Lower Your Interest Rate25:45 The Real Problems With DMPs29:00 Should You Consolidate Your Credit Cards?30:08 Going to a Gemach for Help32:12 More Ways to Cut Down Your Interest Rate33:27 Using a Home Equity Line of Credit (HELOC)36:35 Pros and Cons of a HELOC Explained39:10 Don’t Let Bills Control Your Life40:42 The Risks of Borrowing From Family42:42 Unique &amp; Beautiful Judaica Items from ZStander44:45 Colel Chabad: Feeding Thousands of Families45:53 The Dangers of Debt Settlements51:40 Why You Should Start With a DMP52:43 What Bankruptcy Really Means54:21 Who Actually Qualifies for Bankruptcy56:50 Why You Shouldn’t Rush Into Bankruptcy57:22 Legal Steps When Filing for Bankruptcy58:36 Reasons Not to File for Bankruptcy1:01:35 Bankruptcy Issues in Orthodox Communities1:05:01 The Stigma: Bankruptcy vs. Settlement1:05:17 Why Using Credit Responsibly Matters1:06:41 How Shmittah Connects to Bankruptcy1:07:29 Don’t Run Away From Financial Problems1:08:01 The Living Smarter Jewish Resource1:08:54 How to Handle Medical Debt1:09:37 What’s Changing With Student Loans1:11:02 Fun Facts About David1:11:33 Where You Can Find David1:12:08 Outro: Final Thoughts + Prizes<br></p><p><br></p><p>• GET LIFE INSURANCE! </p><p>⟶ Project 120&#39;s site: https://www.theproject120.com/</p><p><br></p><p>• GET A WILL! </p><p>⟶ https://youtu.be/bHdpPuvKGVM</p><p><br></p><p>✬ Support the show! Help us create more episodes like this: https://www.livinglchaim.com/donate</p><p><br></p><p>💬 Need financial clarity? Visit LivingSmarterJewish.org for free resources.📲 </p><p><br></p><p>Follow Kosher Money for bonus clips &amp; behind the scenes:</p><p>TikTok: https://www.tiktok.com/@koshermoneypodInstagram: https://www.instagram.com/koshermoneypod</p><p><br></p><p>📞 Call-In-To-Listen Hotline:</p><p>USA: 605-477-2100</p><p>UK: 0333-366-0154</p><p>Israel: 079-579-5088</p><p>📤 WhatsApp feedback: 1-914-222-5513</p><p><br></p><p>⚠️ Reminder: This episode or description is not financial advice. Always do your own research.</p><p><br></p><p>#KM</p>

Kosher Money

Living Lchaim

Money Expert Reveals How to Eliminate Debt

SEP 15, 202575 MIN
Kosher Money

Money Expert Reveals How to Eliminate Debt

SEP 15, 202575 MIN

Description

<p>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.</p><p><br></p><p>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.</p><p><br></p><p>Contact David at [email protected] </p><p><br></p><p>✬ SPONSORS OF EPISODE 99 ✬</p><p><br></p><p>► TWILLORY – Premium men&#39;s wear that works hard and looks even better. </p><p><br></p><p>Use promo code CHAI20 at </p><p>https://Twillory.com/KosherMoney for 20% off your first order</p><p><br></p><p>.► BITBEAN – Got big ideas but clunky systems holding you back? </p><p><br></p><p>BitBean is the go-to team for custom software that actually works for your business. Whether you&#39;re in healthcare, finance, or retail, they’ve built powerful platforms that scale smart. </p><p><br></p><p>Dive into real case studies and connect with their expert team here: </p><p>https://bitbean.link/4edg53</p><p><br></p><p>► ZStander – Beautiful Judaica and home pieces for everyday life and special occasions. </p><p><br></p><p>From wine fountains to candlesticks, honey dishes to bentchers, ZStander makes gorgeous items that are built to last and can even be personalized. </p><p><br></p><p>Use promo code KOSHER at https://zstander.com/discount/KOSHER for 10% off.</p><p><br></p><p>► COLEL CHABAD – Our brothers and sisters in Israel need us more than ever. </p><p><br></p><p>Every dollar makes a difference at https://colelchabad.org/koshermoney/</p><p><br></p><p>CHAPTERS:00:00 Intro01:21 Has America Lost Its Mind on Debt?04:28 Are Credit Card Companies Setting You Up?06:35 Who David Actually Advises08:09 The Shame People Feel Around Debt09:57 Making Sense of Debt in Simple Terms11:57 Why Budgeting Is the Key to Freedom14:01 How Money Problems Hurt Marriages16:31 Twillory Clothing Is Being Spotted Worldwide17:33 Bitbean + AI Innovation18:48 3 Practical Solutions for Debt19:35 How to Lower Your Interest Rate25:45 The Real Problems With DMPs29:00 Should You Consolidate Your Credit Cards?30:08 Going to a Gemach for Help32:12 More Ways to Cut Down Your Interest Rate33:27 Using a Home Equity Line of Credit (HELOC)36:35 Pros and Cons of a HELOC Explained39:10 Don’t Let Bills Control Your Life40:42 The Risks of Borrowing From Family42:42 Unique &amp; Beautiful Judaica Items from ZStander44:45 Colel Chabad: Feeding Thousands of Families45:53 The Dangers of Debt Settlements51:40 Why You Should Start With a DMP52:43 What Bankruptcy Really Means54:21 Who Actually Qualifies for Bankruptcy56:50 Why You Shouldn’t Rush Into Bankruptcy57:22 Legal Steps When Filing for Bankruptcy58:36 Reasons Not to File for Bankruptcy1:01:35 Bankruptcy Issues in Orthodox Communities1:05:01 The Stigma: Bankruptcy vs. Settlement1:05:17 Why Using Credit Responsibly Matters1:06:41 How Shmittah Connects to Bankruptcy1:07:29 Don’t Run Away From Financial Problems1:08:01 The Living Smarter Jewish Resource1:08:54 How to Handle Medical Debt1:09:37 What’s Changing With Student Loans1:11:02 Fun Facts About David1:11:33 Where You Can Find David1:12:08 Outro: Final Thoughts + Prizes<br></p><p><br></p><p>• GET LIFE INSURANCE! </p><p>⟶ Project 120&#39;s site: https://www.theproject120.com/</p><p><br></p><p>• GET A WILL! </p><p>⟶ https://youtu.be/bHdpPuvKGVM</p><p><br></p><p>✬ Support the show! Help us create more episodes like this: https://www.livinglchaim.com/donate</p><p><br></p><p>💬 Need financial clarity? Visit LivingSmarterJewish.org for free resources.📲 </p><p><br></p><p>Follow Kosher Money for bonus clips &amp; behind the scenes:</p><p>TikTok: https://www.tiktok.com/@koshermoneypodInstagram: https://www.instagram.com/koshermoneypod</p><p><br></p><p>📞 Call-In-To-Listen Hotline:</p><p>USA: 605-477-2100</p><p>UK: 0333-366-0154</p><p>Israel: 079-579-5088</p><p>📤 WhatsApp feedback: 1-914-222-5513</p><p><br></p><p>⚠️ Reminder: This episode or description is not financial advice. Always do your own research.</p><p><br></p><p>#KM</p>