Young & Debtless

We discuss best practices for managing money and stimulus checks during the COVID-19 pandemic with Wendell Martin, Pastor of Mt. Olive M.B. Church in Joliet, IL.

In our family reunion episode, we address money questions submitted by the Williams family of Chicago in preparation for their family reunion. This episode is a great one to play at your family reunion or in the car with family. It's an often undiscussed topic, but this time of year presents a great opportunity for families to have the important conversations that help secure and grow multi-generational wealth. Here's to you and your family building a legacy! Shout out to Veronica Houston for inviting us share our passion with her family!

It's challenging to get out of debt without a strategy! In this episode, Karla and Demetrius share the method they used to pay off over $125k in debt - The Debt Snowball Method. This method gives focused attention to each debt from smallest to largest, allowing you to maximize resources to eliminate debt. Resources: Short debt snowball explainer video : https://www.youtube.com/watch?v=J3p_FNugS_0

Don't call it a budget, it's a money plan! Just like anything in life, if there is no plan, there will likely be chaos. This episode is for those who feel their finances get chaotic sometime. We'll help you with tips and strategy for establishing a sound money plan to set your financial house in order.

On the journey to debt-freedom and wealth-building, be mindful of self-created pitfalls along the way. One of the biggest is "vanity." This episode is a reflection on Demetrius's struggle with vanity, and what led to his changed mindset. He shares the story of deciding to sell his high maintenance vehicle, and purchase a reliable one with less swag. Karla challenges listeners to consider in what ways they may be paying the "vanity tax" in their lives. Lastly, the episode takes a look at how money invested in assets rather than vanity produce lasting fruit and dividends.

This episode details why and how to change one’s mindset about debt and overspending. We discuss typical money mindsets; build the case for why one should change one’s financial mindset; and provide five practical steps for changing one’s mindset.

On today’s episode of Young and Debtless, you get an introduction to the show’s hosts, Demetrius Davis and Karla Davis, as they share their story. The story includes a high-level overview of how they paid off over $125K in debt. They also discuss the different financial values they brought into their marriage, how the differences caused them to lack financial synergy, and make money mistakes early on.

In this episode, we introduce ourselves and briefly explain what the Young & Debtless Podcast will entail.