Money Expert David Siegel Reveals How to Eliminate Debt

In this Kosher Money episode, you’ll hear the stories of people who finally got their budget under control, but are still staring at tens of thousands in old debt they can’t shake.

Debt advisor David Siegel explains the tough options left on the table: lowering interest through programs, negotiating settlements, or, when nothing else works, starting fresh with bankruptcy.

(And yes, some couples walk in earning well, living within their means and are still carrying $100,000 in credit card debt. Don’t ignore it!)

Contact David at DJS.Siegel@gmail.com

CHAPTERS:

00:00 Intro
01:21 Has America Lost Its Mind on Debt?
04:28 Are Credit Card Companies Setting You Up?
06:35 Who David Actually Advises
08:09 The Shame People Feel Around Debt
09:57 Making Sense of Debt in Simple Terms
11:57 Why Budgeting Is the Key to Freedom
14:01 How Money Problems Hurt Marriages
16:31 Twillory Clothing Is Being Spotted Worldwide
17:33 Bitbean + AI Innovation
18:48 3 Practical Solutions for Debt
19:35 How to Lower Your Interest Rate
25:45 The Real Problems With DMPs
29:00 Should You Consolidate Your Credit Cards?
30:08 Going to a Gemach for Help
32:12 More Ways to Cut Down Your Interest Rate
33:27 Using a Home Equity Line of Credit (HELOC)
36:35 Pros and Cons of a HELOC Explained
39:10 Don’t Let Bills Control Your Life
40:42 The Risks of Borrowing From Family
42:42 Unique & Beautiful Judaica Items from ZStander
44:45 Colel Chabad: Feeding Thousands of Families
45:53 The Dangers of Debt Settlements
51:40 Why You Should Start With a DMP
52:43 What Bankruptcy Really Means
54:21 Who Actually Qualifies for Bankruptcy
56:50 Why You Shouldn’t Rush Into Bankruptcy
57:22 Legal Steps When Filing for Bankruptcy
58:36 Reasons Not to File for Bankruptcy
1:01:35 Bankruptcy Issues in Orthodox Communities
1:05:01 The Stigma: Bankruptcy vs. Settlement
1:05:17 Why Using Credit Responsibly Matters
1:06:41 How Shmittah Connects to Bankruptcy
1:07:29 Don’t Run Away From Financial Problems
1:08:01 The Living Smarter Jewish Resource
1:08:54 How to Handle Medical Debt
1:09:37 What’s Changing With Student Loans
1:11:02 Fun Facts About David
1:11:33 Where You Can Find David
1:12:08 Outro: Final Thoughts + Prizes

• GET LIFE INSURANCE! ⟶ Project 120’s site: https://www.theproject120.com/
• GET A WILL! ⟶ https://youtu.be/bHdpPuvKGVM

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