Debt-Proof Living with Mary Hunt

EP:22 The $45 Million Medical Debt with Victor Martinez Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, v-e-l-o-p-e-s. Mvelopes uses the tried and true envelope budget system. All in one easy app. Give every dollar a purpose. Mvelopes.com. And now, here's Mary. Mary Hunt: [00:00:28] Hi, and welcome to another episode of Debt-Proof Living. I am so happy that you joined me again today, and guess what we're going to talk about? Debt. Yeah, that's really what we talk about a lot. How to get out of debt, how to stay out of debt and live a life where you are not bound by all of the trappings that happen so we get into debt. So, um, many of you have, have read Debt-Proof Living. You've been with me for many, many years. So I just want to do a little bit of a review talking about debt and what it does to our lives. You know, basically it takes away our options and the deeper in debt we become, the fewer options we have. That's really, really scary, but the good news is that you can get out of debt. You know, my story, you know, that I got out of an awful lot of debt. I am, I'm just so struck by the fact that these days debt is so easy to get into, and I'm not talking about emergency kinds of debt. I'm talking about credit card debt, you know, I just don't have the money today. I'm sure I'll have it next week. So I'll just put it on a credit card. That's probably the most, most dangerous because it's so easy to get into. Society has, our culture has really put a stamp of approval on it. But then there's other kinds of debt. There's a student loans, student loan debt, which has become very, very popular. And, and then there's, you know, buying a new home and then you've got the home debt and then you've got all kinds of things. You know, I hear from people all the time who are having trouble paying their property taxes. So they put that on payment and then they put their, their, uh, federal income taxes that they owe on payments. Cause they just don't have haven't and pretty soon it just, it builds. It's crazy how debt can take over our lives. And for a lot of people, when they're in this kind of situation, there's things called medical emergencies. That's what we're going to talk about today is medical debt. How does that affect their lives? You know, statistically, I can tell you this. If you look it up, if you Google it, you're going to find out that medical debt is the leading cause of bankruptcy in our country. Well, you can kind of figure that out because if people are already in debt, boy, getting hit with a big 30, $40,000 medical debt, and really be the straw that tips over and puts you into that horrible, horrible situation of, of bankruptcy having to make those kinds of choices. Um, one estimate is that more than one in four Americans have trouble paying a recent medical bill. I can understand that. Um, And, and sometimes those medical bills get pushed because not paying them is not going to give you a consequence as great is not paying your rent or not paying your car payment. And some research says 32% of American workers have medical debt. And over half have defaulted on it. That's not good for a medical industry in this country to having people default and having to go through all of that kind of thing. So the last stats statistic I'm going to tell you is that among Americans with medical debt, 15% owed $10,000 or more. That is a huge heavy, heavy burden. I've got the most exciting news to tell you about a great, great story. I read about this in the paper. I did, and it hit the news big time and the headline was a church, a church paid off medical debt of many of their parishoners. It hit, it hit every news station and it was just fantastic. I read about it and I was so, I was so excited because I wanted to know more, you know, all the questions. How did the church choose who got to have their paid off? How did that happen? I mean, did...

EP:21 The $5 Dollar Dinner Mom, guest Erin Chase Julie Emerson: [00:00:00] Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, v-e-l-o-p-e-s. Mvelopes uses the tried and true envelope budget system all in one easy app. Give every dollar a purpose! Mvelopes.com. And now, Here's Mary! Mary Hunt: [00:00:27]Hello, Everybody! I'm so happy you're with me today. This is Debt-Proof Living with Mary Hunt. And this is very, very...

EP:20 Giving Away My Age with guest Bob Lotich, Seedtime.com Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, v-e-l-o-p-e-s. Mvelopes uses the tried and true envelope budget system all in one easy app. Give every dollar a purpose! Mvelopes.com. And now, Here's Mary! Mary Hunt: [00:00:32] Everyone. I'm so happy to have you back with me on this episode of Debt Proof Living. And boy, am I excited! This is a first for us. We're...

Please take our very short survey! http://survey.libsyn.com/debtproofliving Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, V E L O P E S. Mvelopes uses the tried and true envelope budget system. All in one easy app. Give every dollar a purpose. Mvelopes.com. And now here's Mary. Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save...

Please take our very short survey! http://survey.libsyn.com/debtproofliving Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save time. Save money. Every Day. Make it easy on yourself! Become part of the community and subscribe for free at www.everydaycheapskate.com. That's where you will find all the ways you can follow Mary, Everyday Cheapskate, and Debt-Proof Living. Thanks for listening! Everyday...

Please take our very short survey! http://survey.libsyn.com/debtproofliving Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, V E L O P E S. Mvelopes uses the tried and true envelope budget system. All in one easy app. Give every dollar a purpose. Mvelopes.com. And now here's Mary. Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save...

Please take our very short survey! http://survey.libsyn.com/debtproofliving Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, V E L O P E S. Mvelopes uses the tried and true envelope budget system. All in one easy app. Give every dollar a purpose. Mvelopes.com. And now here's Mary. Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:00 Mary: So in today’s episode, we are going to take on our most formidable enemy. Julie: Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, V E L O P E S. Envelopes uses the tried and true envelope budget system. All in one easy app. Give every dollar a purpose. Mvelopes.com. And now here's Mary. 0:30 Mary: Hi everyone! Here we are with another...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:00 Mary: And for people who say I need my whole paycheck to live, you’re living way beyond your means. Because savings is part of your bills. It needs to be number one. Julie: Welcome to Debt-Proof Living with Mary Hunt. It's all about life, money and how to live well and thrive below your means. Today on Debt-Proof Living with Mary Hunt, we continue our ongoing series: How to Take Control of Your Money. Our...

Please take our very short survey! http://survey.libsyn.com/debtproofliving This episode was recorded in February 2020 prior to the widespread economic effects resulting from COVID-19 stay-at-home regulations. 0:01 It’s the same thing with money... I'm promising you. Welcome to Debt-Proof Living with Mary Hunt. Today's episode is brought to you by Mvelopes. That's M, like Mary, V E L O P E S. Envelopes uses the tried and true envelope budget system. All in one easy app. Give every...

Please take our very short survey! http://survey.libsyn.com/debtproofliving This episode was recorded in February 2020 prior to the widespread economic effects resulting from COVID-19 stay-at-home regulations. Today's episode is brought to you by Mvelopes. That's M like Mary v-e-l-o-p-e-s. Mvelopes uses the tried and true envelope budget system. All in one easy app. Give every dollar a purpose. Mvelopes.com. 0:15 Welcome to Debt-Proof Living with Mary Hunt. It's all about life money...

Thank you for listening! If you have a question, success story or extreme situation for Mary, just contact us! We'd love to hear fro you! 9:02 PMI, Private Mortgage Insurance Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive Producer. Save time. Save money. Every Day. Make it easy on yourself! Become part of the community and subscribe for free at www.everydaycheapskate.com. That's where you will find all the...

Thanks for listening! Mary's notes are available for you to read by clicking on the link above that says "Read Mary's Notes Here". Just for fun, we've added a blooper this week- catch it at the very end of our episode! 5:25 Sol Price, founder of FedMart Stores, 1954, and Price Club, 1976. 6:28 Costco, Sam’s Club, B.J.’s 8:58 Bruce D. Sanders, Ph.D., consumer psychologist and author of Retailer’s Edge: Boost Profits Using Shopper Psychology How Do They Do It? 10:10 Treasure Hunt...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:59 2019 Novel Coronavirus or 2019-vCoV 6:12 Center for Disease Control 6:36 Preventative Measures 10:35 What can we do to protect ourselves? 10:36 restricting travel 12:30 Nok Out, SNiPER 24:50 Tell us your comments! 24:57 Mary's NEW Everyday Cheapskate Expert Community! 25:12 Debt-Proof Living with Mary Hunt was created and hosted by, Mary Hunt. Produced by Julie Emerson, with Harold Hunt, Executive...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 2:53 more than 50% of Americans reportedly make New Year's Resolutions 3:04 88% of New Year's Resolutions fail 4:35 scientific reason for New Year Resolution failure, willpower, and brain function 5:46 pre-frontal cortex is assigned to the tasks of staying focused, handling short-term memory, solving abstract tasks, and willpower 7:21 Why are bad habits are hard to break? 10:33 Here's the secret for how to...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:04 Well here we are on day forty on our countdown to Christmas... 0:23 Mary shares her memory of a holiday interview that goes unexpectedly sour and the popular children's story (2:23) that reminds us that Christmas doesn't come from a store. Christmas, we know, is much, much more. Authentic joy comes not from the outside trappings, but from our hearts. It comes from the birth of a small baby who would become...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:02 Hey everyone, it's day thirty-nine and we are getting close. It's time to talk about toys for Santa. This is kind of a twist and something that will be very meaningful for you and your kids. 0:14 Sometime today, go through the toys with your children. Pick out some that are gently-used. Clean them up. Make sure they're working. Tell the children we are going to leave these for Santa to take to children who...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:02 Hey everyone, it's day thirty- eight and I've got Christmas dinner on my mind. If you will have so many guests at your Christmas dinner that you need more than one table, here is a really, really fun idea. 0:15 Have everyone get up between dinner and dessert and exchange places. Mix it up! This gives everyone a chance to be together. It lets you clean off the table and get dessert ready and enjoy the day so...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:05 Hey! It's day thirty-seven and its time to take a neighborhood tour. Here's what I mean. 0:11 Tonight or one night this week, take a nighttime walk or drive through your neighborhood to enjoy the holiday lights. It’s fun to see the decorations up close and personal. Bring along a thermos of hot cocoa to keep everyone warm. 0:30 Here's an idea. Let everyone in the family cast their vote for their favorite...

Please take our very short survey! http://survey.libsyn.com/debtproofliving 0:02 Hi everyone, it's day thirty-six. I want to talk to you about having dinner by tree light one day this week. Doesn't it sound fantastic? 0:11 Gather the family and eat dinner or dessert by the light of the Christmas Tree. Turn out all the other lights. Maybe light a candle or two. Make it really fun- everybody has to wear their jammies! Hopefully, Christmas jammies if you have them. 0:30 Do whatever you would...