Last month, I was lucky enough to be asked onto a radio program to share my story. You know the one I am talking about, right? There should be no surprise to my regular readers that I have a debt story. I have shared it here many, many times and there are quite a few of you that can relate. If you want more background, you can read my first post on Debt Roundup. You can also read how I paid off all of my credit card debt. There was nothing easy about the process, but I feel much better now that I have no credit card debt.
Ok, enough about my back-story. After I posted how I got out of credit card debt, I started to get contacted by people and organizations that wanted to share my story. Why would they want to share my story? I don’t really know. Maybe because I didn’t get into debt the normal way. I ran a successful online electronics company for four years. I was selling over $1 million worth of inventory a year. It was awesome, except for the part about it affecting my health and relationship. So, four years after starting the business, I shut it down. You can read the whole explanation about why I did it.
One day I was contacted by Gerri Detweiler. I have seen her around before and knew of her name. She is the Director of Consumer Education for Credit.com. She is also the host of Talk Credit Radio, plus an accomplished book author. As a small blog owner, I was excited to have someone with such klout contact me. I spoke with Gerri for a bit and she asked if I wanted to share my story on her radio show. I have never done a radio interview before. I have done some email interviews, but this one was a live show. Being that I don’t back down from challenges easily, I said sure!
My interview with Gerri was actually last month. It was about a 15-minute segment where I spoke about my story and how I paid off my debt. I also got to give some advice to her readers about how they can get out of debt. I thought it went well. I started this blog to share my story, but more importantly, I wanted to help others. Not only do I want to show people that getting out of debt is possible, I also want to show them how they can start growing their wealth. You can’t just stop at paying off your debt, you have to switch to growing your wealth.
As I shared my story, I told Gerri about my debt/savings allocation method. It is what I used to pay off my debt and save at the same time. It doesn’t work for everyone, but I know that I have spoken with quite a few people that have actually put my method into practice and it is working for them. When Gerri heard it, she asked me what I would call it. The problem is that I have no idea. I would love to create a name for it, but nothing is coming to me.
So, here is where I am going to ask my readers. What would you call this method? It is completely different than the snowball and avalanche. Those are actually debt repayment methods. My method is about paying down debt and saving at the same time. I was thinking “Debt Switch”, maybe? The purpose of the method is to flip people from a spending mentality to a savings mentality.
I would appreciate any ideas that you can come up with. Anyway, I want to thank Gerri for reaching out to me and allowing me to be on her radio show. I really enjoyed it. If you want to listen, you can just use the player below. If that doesn’t work, you can just stream it online.
What do you think about the interview? Do you think it went well? I hope you all have a great weekend and if you are about to travel for the holiday, stay safe!
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