Long Story $hort

Money Management International (MMI)
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Long Story $hort

From Money Management International - a podcast about debt that will make you feel a little less alone. We’re stripping away the shame and guilt around the debt conversation and replacing it with unique, personal, and inspiring stories from real people. We know the journey out of debt is individual and deeply personal. On each episode, we’ll attempt to make each guest’s financial history and future a Long Story… Short.

  1. 30 DE ABR.

    Empowering Military Families: Financial Education and Debt Solutions with USAA Educational Foundation

    How does debt impact military families differently—and what unique resources are available to help them achieve financial wellness? This episode of Long Story Short explores the mission of the USAA Educational Foundation, unpacking the financial challenges and opportunities that service members and their families face. Mandi Moynihan and Katie Casey Macias, both Certified Financial Planners® and program leaders, share tailored financial education and practical tools designed specifically for the military community. You’ll get insider perspective on the challenges military families encounter, such as frequent moves, deployment, and complex federal protections. Discover actionable steps and no-cost resources, including the user-friendly Debt Destroyer program, that empower military households to take control of their finances—without judgment or sales pressure. Listeners will learn: The unique financial pressures faced by military members, including high cost-of-living postings and challenges with spouse employmentThe special laws designed to protect service members from predatory lending and support them through financial difficultiesHow to access the Debt Destroyer program and a wide range of free, self-serve financial education resources from the USAA Educational Foundation Key moments: (04:09) Military Financial Challenges Overview 06:16) Debt Challenges for Young Service Members (11:01) Military-Focused Financial Education Tools (12:58) Debt Destroyer: Free Debt Elimination Program

    16min

  2. 15 DE ABR.

    AFSA Education Foundation's MoneySKILL: Free, Flexible Financial Education for Diverse Audiences

    How do you prepare the next generation for financial success? Learn about the world of financial education with the MoneySKILL program, a dynamic initiative from the AFSA Education Foundation designed to empower consumers of all ages with vital money management skills. You'll hear about how this innovative, online, and free resource equips educators, parents, and learners to understand and navigate the complexities of personal finance, ensuring they have the tools they need for financial wellness. Rhonda Ashburn and Olivia DiBiase share how MoneySKILL provides a comprehensive curriculum, spanning from budgeting basics to advanced topics like retirement planning, in a flexible format adaptable for different learning environments and settings. Also, discover the measurable impact MoneySKILL is making, with significant growth in financial literacy and practical financial behaviors among users highlighted by recent studies. Listeners will learn: The wide-ranging topics covered by MoneySKILL, from budgeting to identity theft and moreHow Money Skill offers adaptable tools for educators, parents, and learners to engage with personal finance educationThe positive impact of MoneySKILL, supported by studies indicating increased knowledge and better financial behaviors among participants Resources: MoneySKILL AFSAEF.org

    19min

  3. 1 DE ABR.

    FICO Scores Explained: Essential Information from Elaine Cozart

    How does your credit score impact your financial journey? Discover the significance of FICO scores in the lending process and learn valuable tips for managing and potentially improving your credit profile. Elaine Cozart from FICO provides insights that are essential for anyone seeking to understand and leverage their credit score effectively. You'll hear practical advice on the key components of a FICO score and the importance of payment history and amounts owed, which comprise a significant 65% of your score. The discussion explores steps you can take to enhance your credit standing, including strategies for effective debt management and the impact of maintaining low balance utilization. Elaine also highlights resources available for accessing your FICO score and understanding how it's used by lenders. You will learn: The five components of a FICO score and how each contributes to your overall credit ratingStrategies for improving your credit score, including effective management of payment history and debtAvailable resources for accessing your official FICO score and the importance of focusing on this particular score for financial planning Key moments: (00:00) Understanding FICO Scores' Importance (04:10) Key Factors Influencing FICO Score (06:48) FICO Score Fluctuations Explained (12:28) Improving Your Credit Score (15:47) Breaking Debt Stigma (17:31) FICO Score Impact and Resources (22:38) MyFICO: Credit Management Tools & Resources

    25min

  4. 18 DE MAR.

    Paying Off $100,000 in Four Years: How MMI Helped Ian Achieve His Financial Goals

    What does it take to eliminate a six-figure debt in just over four years? From substantial sacrifices to strategic financial planning, Ian reveals how he and his family conquered $100,000 of debt and achieved financial freedom through MMI's debt management plan. You'll hear about Ian's journey through financial adversity, including the loss of his job during the Great Recession, and how he and his wife juggled multiple jobs to repay their debt. Ian emphasizes the importance of committing to a lifestyle that prioritizes living within your means and eliminating reliance on credit cards. He also sheds light on the patience and persistence required to see debt relief progress, encouraging others that the process indeed works. You'll be encouraged from: How Ian and his wife managed to pay off a daunting debt while balancing full-time jobs and freelancing Why reducing interest rates played a key role in their financial success Insights into the emotional and practical journey from overwhelming debt to exhilarating financial freedom Key moments: (00:00) Job Loss and Debt Struggles (05:14) Understanding Financial Enrollment Process (07:23) Debt Risks: Interest and Steep Rates (11:31) Financial Success Through Early Action

    12min

  5. 4 DE MAR.

    Strategies for Overcoming Debt and Achieving Homeownership from a Housing Counselor

    Struggling with debt and worried about housing options? Discover how taking the first step towards financial wellness can change your life, as housing counselor Naomi Peden shares her insights on homeownership. Naomi talks about the impact of unmanageable debt on individuals' lives, emphasizing the emotional toll it can take, and highlights the significant importance of making an initial move, like contacting MMI for guidance. By understanding your own financial comfort zones, especially when aiming for goals such as homeownership, listeners can better navigate their financial journeys with the support of compassionate experts. Listeners will learn: The emotional and financial impact of debt on individuals and familiesThe significance of knowing your own financial bottom line in the pursuit of homeownershipThe supportive and judgment-free assistance MMI offers to clients on their path to financial wellness and debt management

    17min

  6. 18 DE FEV.

    From Job Loss to Debt Freedom: Ali shares his Money Management Insights

    Ali successfully paid off $17,000 in debt in just five years through Money Management International's (MMI) debt management plan. Ali shared how a job loss led him to accumulate debt across nine credit cards, with the highest balance reaching $7,000. Referred to MMI by one of his credit card companies, Barclays, Ali found solace and clarity through MMI’s debt counseling services. You will learn about the pivotal role of debt consolidation in Ali’s journey, as he described how MMI helped him condense his debt into one manageable payment, thus simplifying his financial obligations and making real progress on his balances. We also highlight the psychological benefits of debt management, as Ali explained how having a structured plan reduced his stress and restored his financial confidence. Additionally, Ali provided valuable advice for those struggling with debt, emphasizing the importance of recognizing when professional help is needed to effectively manage and pay off debts. Key insights: (00:00) Ali's story of consolidating Credit Cards (04:29) Debt consolidation and financial relief (08:40) The liberating feeling of being Debt Free

    10min

  7. 4 DE FEV.

    The Path to Debt-Free Living: Rachel’s Triumph Over $28,000 Debt

    When the insurance company refused to pay, Rachel was stuck with $35,000 in unsecured debt. Rachel's story is not just one of financial recovery but also of dealing with life's unpredictability. A year after a significant car accident that left her with muscle skeletal issues, Rachel was sideswiped by another car. Thinking the driver's insurance would cover everything, Rachel put all the expenses on credit cards. Rachel to turned to MMI for help, a decision that ultimately alleviated her financial stress by consolidating her payments, reducing her interest rates, and helping her move past this horrible time in her life. Her account highlights the importance of financial counseling, with Rachel praising the simplicity and support offered by MMI. She speaks candidly about the lessons learned through her experience, such as the significance of living within one’s means and having a robust financial plan. Key moments: (00:00) The plan to pay off medical debt when the insurance check came in (03:05) But then the insurance company refused to pay, leaving Rachel with over $28,000 in unsecured debt (07:18) Lesson learned: Avoid credit card debt; there's always a way forward despite challenges (10:46) Rachel's recommendation: Strictly managing your finances to address thumb issues and avoid high credit card interest (14:26) Moving forward: Being debt-free means overcoming financial challenges and breaking the stigma associated with debt Rachel was recently married and own their home in Colorado.

    17min

  8. 21 DE JAN.

    Pandemic House Woes to Debt-Free Triumph: Steve's $30k Payoff with MMI

    In the midst of a pandemic, Steve jumped into homeownership. Then tried to fix it up, and furnish it, then the 30-year old HVAC unit went out. Thinking it would take 20 years to get out of this new consumer debt, he contacted MMI - and it in just over 2 years! Listen to Steve's story about: (00:00) Buying a home during chaotic times and using credit for quick renovations. (03:43) Becoming overwhelmed and exploiting options like debt consolidation, which harms credit but reduces payments (08:41) Budgeting in an ongoing process and adjusting expenses regularly to manage high costs effectively. (10:39) Learning how MMI educates on personal finance to promote debt-free living, improving financial literacy not taught in schools. (13:14) Paying out of pocket for his final semester - and dreaming of better living and freedom

    15min
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5
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Sobre

From Money Management International - a podcast about debt that will make you feel a little less alone. We’re stripping away the shame and guilt around the debt conversation and replacing it with unique, personal, and inspiring stories from real people. We know the journey out of debt is individual and deeply personal. On each episode, we’ll attempt to make each guest’s financial history and future a Long Story… Short.

Informações

  • Criado por
    Money Management International (MMI)
  • Anos de atividade
    2022 - 2025
  • Episódios
    50
  • Classificação
    Livre
  • Copyright
    © Money Management International (MMI)
  • Site do podcast
    Long Story $hort

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