Follow Me Out of Debt | Get out of debt and get into prosperity! artwork

Follow Me Out of Debt | Get out of debt and get into prosperity!

526 episodes - English - Latest episode: about 2 months ago - ★★★★★ - 118 ratings

The Follow Me Out of Debt podcast is an easily-digestible show that's a unique peek into Tom's personal strategies that will show you what works (and what doesn't) to get out of debt and get into prosperity.

This isn't your typical get-out-of-debt show like others you may have heard before from other well-known authors and show hosts, including Dave Ramsey, Clark Howard, and others.

Instead, Tom is taking only the best and most recent and relevant information that's out there and distilling this into his own exclusive brand of successful and time-tested strategies that will help you to get out of debt and get into prosperity.

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Episodes

FMOOD 0524: A Brief Hiatus

March 11, 2024 07:00 - 2 minutes - 1.39 MB

Don't forget to stay tuned during this brief hiatus by going to followmeoutofdebt.com for links to the best deals, ideas for saving money, life insurance at the most affordable rates, and much more.

FMOOD 0523: Get Laser-Focused

February 26, 2024 08:00 - 5 minutes - 3.16 MB

Getting laser-focused on paying off debt requires a comprehensive approach that combines clear goal-setting, strategic planning, disciplined budgeting, and unwavering commitment.

FMOOD 0522: How to Find the Best Deals on Clothing

February 12, 2024 08:00 - 4 minutes - 2.67 MB

Just because you’re in the process of getting out of debt doesn’t mean that you need to wear the same tired outfits day in and day out.

FMOOD 0521: Work From Home

January 29, 2024 08:00 - 4 minutes - 2.31 MB

If you’ve been looking into possible work from home opportunities as a means to provide supplemental income or replacing the typical job requiring a commute, there are several legitimate work-from-home jobs across various industries.

FMOOD 0520: How to Reduce Your Credit Card Interest Rate

January 15, 2024 08:00 - 4 minutes - 2.46 MB

The other day I decided to do something that I’ve been meaning to do for a long time. I wanted to take a larger look at my credit cards and list out the annual percentage rates, balances remaining, and a plan to reduce any higher interest rates on those cards.

FMOOD 0519: How to Significantly Reduce Debt This Year

January 01, 2024 08:00 - 4 minutes - 2.31 MB

Embarking on a journey to significantly reduce debt is always a commendable goal. Let’s do this using a holistic approach to kickstart your debt reduction plan for the new year.

FMOOD 0518: The New Year

December 18, 2023 08:00 - 4 minutes - 2.37 MB

We are going to be heading into a new year soon, and I thought it would be important to set everything in motion to make the most of it, right from the start.

FMOOD 0517: Building an Emergency Fund on a Tight Budget

December 04, 2023 08:00 - 3 minutes - 2.3 MB

Building an emergency fund on a tight budget can be challenging, but it's a crucial step toward financial stability.

FMOOD 0516: Is It Important to Be Debt-Free?

November 20, 2023 08:00 - 5 minutes - 2.82 MB

This shouldn’t come as a surprise, but the answer is a resounding YES! Of course it’s important to be debt-free! Being debt-free is an important financial goal for several reasons.

FMOOD 0515: Baby Steps to Paying Credit Cards

November 06, 2023 08:00 - 5 minutes - 3.11 MB

Taking baby steps to pay off credit cards is a practical and manageable approach to reduce debt without feeling overwhelmed.

FMOOD 0514: Understanding Credit Scores and Debt

October 23, 2023 07:00 - 5 minutes - 3.11 MB

The relationship between credit scores and debt management is intricate and has a significant impact on a person's financial health.

FMOOD 0513: How Debt Freedom Feels

October 09, 2023 07:00 - 4 minutes - 2.66 MB

Imagine waking up to a world where the relentless burden of debt no longer holds you captive.

FMOOD 0512: Emotional Side of Debt

October 02, 2023 07:00 - 4 minutes - 2.66 MB

Getting out of debt isn't just about money; it's a journey filled with emotions. It touches every aspect of life, from our daily routines to our self-esteem.

FMOOD 0511: Debunking Debt Myths

September 25, 2023 07:00 - 4 minutes - 2.62 MB

Misconceptions about debt often lead to financial decisions that may not be in one's best interest.

FMOOD 0510: When You’re Not Making Any Headway

September 18, 2023 07:00 - 4 minutes - 2.73 MB

I understand how disheartening it can be when it feels like you're not making any headway in your journey to get out of debt. The weight of financial struggles can be overwhelming, and at times, it may seem like there's no end in sight.

FMOOD 0509: The Debt Snowflake Method

September 11, 2023 07:00 - 5 minutes - 2.77 MB

Now, you’ve heard of the debt snowball method and the debt avalanche method, but have you heard of the debt snowflake method?

FMOOD 0508: How to Stop Using Credit Cards

September 04, 2023 07:00 - 5 minutes - 3.09 MB

To begin to stop using credit cards, let’s first picture a new financial chapter marked by liberation from credit card dependency.

FMOOD 0507: Staying Focused While Getting out of Debt

August 28, 2023 07:00 - 4 minutes - 2.73 MB

I understand how challenging it can be to stay focused while trying to get out of debt. It's not just about the numbers. It's about the emotional journey too.

FMOOD 0506: The Easy Way

August 21, 2023 07:00 - 5 minutes - 3.01 MB

Getting out of debt may not be easy, but remember my friends, the road to being debt-free might have a few twists and turns, but with these strategies in your toolkit, you're well on your way to victory!

FMOOD 0505: The Best of FMOOD: Interview With Amberly Lago

August 14, 2023 07:00 - 53 minutes - 25.1 MB

In this best of FMOOD episode, we're revisiting the incredible interview that I had from episode 318 with Amberly Lago.

FMOOD 0504: Mastering the Art of Negotiation

August 07, 2023 07:00 - 5 minutes - 2.93 MB

Mastering the art of negotiation is a highly valuable and sought-after skill that can positively impact various aspects of your life, both personally and professionally.

FMOOD 0503: Update on the Mint App

July 31, 2023 07:00 - 6 minutes - 3.45 MB

The Mint app, developed by Intuit Inc., is a highly acclaimed personal finance management tool that has garnered immense popularity for its user-friendly interface, robust features, and exceptional usefulness. Designed to cater to users' diverse financial needs, the app offers a wide range of benefits that make it an indispensable companion on the journey towards financial well-being. I mentioned this app several episodes ago and promised to follow up with an update after I had a chance to tr...

FMOOD 0502: Be Your Own Boss

July 24, 2023 07:00 - 6 minutes - 3.3 MB

I want to inspire you today to be your own boss. Even if you don’t go all of the way and quit your job to become a full-time entrepreneur but simply start a business to earn additional income, you can still be your own boss on a part-time basis.

FMOOD 0501: Growth Mindset

July 17, 2023 07:00 - 4 minutes - 2.68 MB

A growth mindset is the belief that one's abilities, intelligence, and talents can be developed through dedication, effort, and continuous learning. It is the understanding that skills and qualities are not fixed traits but can be cultivated and improved over time.

FMOOD 0500: 10 Ways to Live More Frugally

July 10, 2023 07:00 - 7 minutes - 3.75 MB

Living frugally can help you to save money, reduce expenses, and achieve your financial goals.

FMOOD 0499: Managing Finances as a Married Couple

July 03, 2023 07:00 - 4 minutes - 2.72 MB

Money and relationships, especially within the context of marriage, can be a complex and sensitive topic.

FMOOD 0498: 10 Easy Steps to Being Laser-Focused

June 26, 2023 07:00 - 5 minutes - 3.2 MB

Today we’re going to be going over 10 easy steps to help you to be laser-focused when working on a project, task, or goal. Here’s the bottom line: when you’re laser-focused, you will accomplish more and in less time.

FMOOD 0497: Small Business Tips: 25 Creative Ways to Attract More Clients

June 19, 2023 07:00 - 9 minutes - 4.76 MB

I’ve been a business owner for many years, but I made it official back in 2007. With this in mind, I wanted to add a new component to this show and spend some time talking about tips to help out other small business owners out there.

FMOOD 0496: Why Should I Get out of Debt?

June 12, 2023 07:00 - 6 minutes - 3.27 MB

Reducing or eliminating consumer debt can have numerous benefits for individuals and their overall financial well-being.

FMOOD 0495: Budgeting for Small Groups

June 05, 2023 07:00 - 3 minutes - 2.13 MB

The key to budgeting for small groups is to take the boring aspect out of budgeting and make this a more entertaining event for all involved.

FMOOD 0494: Sarah

May 29, 2023 07:00 - 4 minutes - 2.38 MB

Meet Sarah, a young professional who started her journey with significant student loan debt and minimal savings. Determined to take control of her finances, she embarked on a journey of financial discipline and strategic planning.

FMOOD 0493: The Psychology of Money

May 22, 2023 07:00 - 6 minutes - 3.47 MB

The psychology of money refers to the study of how people's attitudes, beliefs, emotions, and behaviors are influenced by money and financial matters. It explores the complex relationship individuals have with money and how it impacts their decision-making, financial well-being, and overall satisfaction in life.

FMOOD 0492: The Mint App

May 15, 2023 07:00 - 4 minutes - 2.61 MB

Mint is a popular budgeting app that helps you to track your spending, create a budget, and manage your finances.

FMOOD 0491: Healthy Ways to Manage Your Credit

May 08, 2023 07:00 - 6 minutes - 3.24 MB

Credit management refers to the process of managing your credit usage and payments in order to maintain a good credit score. Your credit score is a numerical representation of your creditworthiness and is used by lenders to determine whether or not to approve you for credit and at what interest rate. Your credit score is also used in other ways as well, and it's important for you to be aware of how else your credit score may be used so that you can always be in the driver's seat when it come...

FMOOD 0490: When You Get a Raise

May 01, 2023 07:00 - 5 minutes - 2.95 MB

Receiving a large raise in income can be an exciting and empowering experience. It can open up new opportunities for financial stability, security, and growth. However, it can also be overwhelming and even stressful, especially if you're not sure how to manage your newfound wealth.

FMOOD 0489: Automate Your Savings

April 24, 2023 07:00 - 4 minutes - 2.33 MB

Setting up automatic transfers from your checking account to your savings account can help you to save money without even thinking about it.

FMOOD 0488: Personal Finance Stages (Stage 4: Retirees)

April 17, 2023 07:00 - 4 minutes - 2.35 MB

Remember, retirement is a time to enjoy the fruits of your labor, but it's important to be financially responsible to ensure that your retirement is comfortable and stress-free.

FMOOD 0487: Personal Finance Stages (Stage 3: Families)

April 10, 2023 07:00 - 3 minutes - 2.21 MB

What’s unique about discussing personal finance as it relates to families is that you will be in a position to not only improve finances as a married couple, but you’ll also be able to teach your kids about money at the same time.

FMOOD 0486: Personal Finance Stages (Stage 2: Young Professionals)

April 03, 2023 07:00 - 5 minutes - 3.1 MB

As a young professional, it's important to start thinking about your personal finances early on to set yourself up for a financially stable future.

FMOOD 0485: Personal Finance Stages (Stage 1: Students)

March 27, 2023 07:00 - 5 minutes - 2.97 MB

Over the next few weeks, I’ll be talking about personal finance as it relates to different stages. It will go in order of youngest to oldest ages, so on today’s episode, the focus is on personal finance for students. If you aren’t a student but know of a student or another young person who could benefit from this particular episode, please be sure to share it on social media, e-mail, text message, or any other medium to get this information over to them.

FMOOD 0484: Budgeting Using the 70-20-10 Rule

March 20, 2023 07:00 - 5 minutes - 3.03 MB

When it comes to budgeting and using a percentage structure for certain categories related to personal finance, it's important to have a clear understanding of your income and expenses.

FMOOD 0483: A Sneak Peek Into True Debt Freedom

March 13, 2023 07:00 - 5 minutes - 2.91 MB

Being completely debt-free can be a liberating and empowering feeling. It means that you no longer have any outstanding loans or payments to worry about, and you have complete control over your finances. Be sure to listen to this episode again and again.

FMOOD 0482: Intentional Frugality

March 06, 2023 08:00 - 5 minutes - 3.15 MB

Living frugally means being intentional about your spending and finding ways to reduce expenses without sacrificing your quality of life.

FMOOD 0481: The Steps to Pay off Any Credit Card

February 27, 2023 08:00 - 5 minutes - 3.2 MB

Paying off a credit card may seem like a daunting task, but there are simple and straightforward steps that you can take to pay off any credit card.

FMOOD 0480: Getting on the Path to Financial Freedom

February 20, 2023 08:00 - 4 minutes - 2.42 MB

Getting out of debt can be a daunting task, but it is not impossible. With a plan and a bit of discipline, you can get on the path to financial freedom, with getting out of debt being your first step.

FMOOD 0479: Checkpoints

February 06, 2023 08:00 - 5 minutes - 2.82 MB

A personal checkpoint is a way for us to see how we’re doing with a particular goal. It’s important because if we don’t check in from time to time, we won’t really be able to measure our progress and discover what might be hindering our goals.

FMOOD 0478: When Times Get Tough, Earn More

January 30, 2023 08:00 - 5 minutes - 2.9 MB

Use your imagination and see if you can figure out ways to earn your way out of the mess rather than borrowing your way out or robbing your own rainy day fund for something that you could have resolved in a completely different manner.

FMOOD 0477: What Happened When I Saved 10% Of Earnings

January 23, 2023 08:00 - 5 minutes - 3.17 MB

I decided not too long ago to see what would happen if I saved 10% of my income and stashed it away in my savings account. My goal was to simply save 10% of my earnings to see just how easy it could be if I was chose to be consistent with this new habit.

FMOOD 0476: Save Money Buying in Bulk

January 16, 2023 08:00 - 5 minutes - 2.87 MB

Grocery prices continue to go up. For whatever reason, we are seeing a steady increase in the total at the registers. For those of us who budget a set amount for groceries each month and need to keep adjusting that amount, this can be annoyingly frustrating. Here's what to do.

FMOOD 0475: Watching Every Dime

January 09, 2023 08:00 - 5 minutes - 2.98 MB

Typically, the first move when we are trying to fight this fire is to watch every dime that we’re spending.