Author Mark Silverthorn explains why credit counselling is an expensive method for eliminating consumer debt

Spoiler free review of the second book in the Star wars Aftermath series, Life Debt, by Chuck Wendig

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Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake.

Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reserves for your property, and why being scared of high interest rates could hurt you in the long run.

Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

00:00 Intro
02:07 Quick Tip
02:54 Coaching Call: Financing Deals Without a W2
13:50 Coaching Call: Hard Investing Lessons
20:15 Questions from the Comment Section
25:27 Scared to Take on Debt?
32:26 How Much Cash to Keep On Hand?
36:18 Scared of High Interest Rates?
41:19 Get in The Money Mindset

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The Fed’s Plan for Future Interest Rates:
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Episode 684

Show notes at: https://www.biggerpockets.com/blog/real-estate-685?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestatepodcast #biggerpockets684

Grow house movie ? Starring Malcolm McDowell · Dr. Doobie ; Snoop Dogg · Self ; DeRay Davis · Pat ; Lil Duval · Darius ; Faizon Love · Rollin’ Reg.

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Is the global debt of over $300 trillion really a problem? And does debt for the global economy work in a different way from debt on an individual level? In this video we’ll explain who holds all the debt that countries and businesses owe, and whether this will be a big problem in the near future.

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The latest Debt Rescue Survey on the levels of financial distress among South African households suggests that the year has been so dire for consumers, that some may not be able to enjoy the festive season as they have in the past due to affordability constraints.
Some consumers are consciously deciding to cut down on their Christmas expenses, so as not to fall further into financial peril going into next year.
To tell us more about what the survey uncovered, I’m joined by Neil Roets, CEO: Debt Rescue.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Does debt consolidation really work? Learn the pros, cons, and how to use it the right way to finally get out of debt. 4 years vs. 19 years…keep more money in your pocket. YOU CHOOSE!

See if you can get approved for a personal loan or debt consolidation loan that is right for you:
https://theyukonproject.com/product-comparison/compare-personal-loans/?swcfpc=1

Website: https://theyukonproject.com

Pay Off Credit Card Debt Faster | Our Free Payoff Calculator
https://theyukonproject.com/debt-payoff-calculator/

Video Chapters:
00:00 – Intro
00:22 – Debt consolidation explained
00:42 – Why debt consolidation DOESN’T work
01:03 – Consolidation can enable you to grow your debt
01:27 – How consolidating can make it easier to pay off your debts
02:04 – Example of how debt consolidation can save you money
03:01 – How consolidating can speed up debt payoff
03:48 – How consolidating can give your monthly budget breathing room
04:15 – Summary: When consolidation works
04:44 – Use a debt payoff calculator to make a plan
05:07 – Where to shop for debt consolidation loans
05:47 – Like and subscribe!

Does Debt Consolidation Work? Here’s the Truth.

If you’re buried under credit card balances, you’ve probably wondered: Does debt consolidation actually work? The honest answer is: Yes—and No. It all depends on how you use it.

In this video, we break down exactly how debt consolidation works, when it doesn’t work at all, and how to use it the right way to actually get out of debt faster and save money.

? What is Debt Consolidation?
Debt consolidation means combining multiple debts (like credit cards) into one new loan. You use that loan to pay off your credit cards or other high-interest debts, leaving you with one monthly payment—ideally at a lower interest rate.

? Why Debt Consolidation Doesn’t Work for Everyone:
You still owe the same amount. It’s not magic—it’s a transfer.
If you consolidate and then run up your credit cards again, your debt situation gets worse.
It’s not a fix for overspending—it’s a tool, and it only works if used responsibly.

? When Debt Consolidation Does Work:
Lower Interest Rates = Big Savings
If you’re paying 22–31% interest on your credit cards, and you can consolidate into a loan at 16% or lower, you’ll save hundreds—even thousands—over time.
Example:
$19,000 in credit card debt at 22–31% APR = $759/month payment
$19,000 consolidated into a 16% loan = $540/month
You save $124/month in interest
Pay extra each month and get out of debt 12 months faster!
Fixed Loan Term = Debt Payoff Date
Credit card debt can linger for 16+ years with minimum payments. A consolidation loan gives you a clear finish line, like 48 months.
Monthly Budget Relief
Lower payments = breathing room. Going from $759 to $540 per month could be a game-changer if you’re barely making ends meet.

???? Do the Math First
Use our free Debt Payoff Calculator at The Yukon Project to see how different strategies (including debt consolidation) impact your total payments, interest, and time to payoff.

???? Find the Best Debt Consolidation Loan
Not sure if you qualify for a good loan?
Go to our Marketplace and check your rate.
Enter your loan purpose, amount, and credit score range.
We compare your info with 40+ lenders using a soft credit check (no impact on your score).
You’ll see real, pre-approved offers—and you’re never obligated to accept.

???? Key Takeaways:
Debt consolidation can work—if you lower your interest rate and don’t build up new debt.
It works best if it gives you structure, saves money, and creates monthly breathing room.
The key is in the math. Make sure it works for you.

???? You’ve Got This
At The Yukon Project, our mission is simple: help people get out of debt and live their best financial lives. We believe in you—and we’ve built the tools to help you get started.
? Like this video
? Subscribe to our channel
? Share it with someone who needs it

Together, let’s take the first step toward a debt-free future.

#DebtConsolidation #DebtRelief #PersonalFinance #CreditCardDebt #TheYukonProject #DebtPayoff #FinancialFreedom #MoneyTips #BudgetHelp #DebtHelp #HowToPayOffDebt #DebtStrategy #DebtConsolidationLoan

How do you manage debt while saving for an emergency fund? ????

It’s tough to balance both—but it can be done.
Start by covering your essentials and minimum payments first (to avoid bigger penalties). Then, set aside a small but consistent amount—kahit ?500 a month—para sa emergency fund.

If your debt is eating up all your income, that’s when debt mediation might help. By negotiating your balance and creating a lighter plan, you can free up space to build that safety net.

???? Message Debt Aid Consulting International today to see if you qualify.
???? Note: Our services cover credit card debts and unsecured loans from banks and financial institutions.

#DebtAidConsulting #DebtMediationPH #EmergencyFundTips #CreditCardDebtHelp #UtangSolutions #FinancialReset #SmartMoneyPH

How a KZN entrepreneur ventured into debt mediation
Sabelo Thusi says being in business can be challenging and lonely, but with passion, you are likely to succeed Sabelo Thusi, an entrepreneur from Pietermaritzburg in KwaZulu-Natal, aspires to help ind…

STORYTIME ON MY DEBT JOURNEY: How I got into it and how I got myself out of it. I talk a lot on here about luxury fashion and lifestyle including brands we all love here – from Chanel to Dior. But with such things comes the need to be able to pay for them. Social media has so many amazing positives, but it also encourages us all to put our best face forward! To show the fruits of our labor and not the labor itself! Debt is a real cause for concern and SO often it’s a taboo subject, one that no one wants to admit to or talk about. My debt started when I enrolled in university. Combination of me being very immature and inexperienced in terms of managing a budget that needed to cover rent/food/books…. AND, the need to still hold-down a social life at university, which meant joining peers when everyone went out in the evenings, to the cinema, shopping etc.
I didn’t tell anyone about my debt because I was frightened, I didn’t want a lecture (I already knew I was a fool for getting myself into it!) and I was embarrassed. Debt affects most of us at some point in our lives; whether it’s credit cards or a mortgage – but the debt spiral can be a hole that is near impossible to get out of. In this I tell you how my debt started with me wanting a packet of free coloring pencils (don’t ask), it then got so big that my salary wouldn’t cover the minimum payments. BUT, I dug my way out of it!! I want to share with you how I did that and let you know, you’re not alone and there is light at the end of the tunnel!

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Some links to products are affiliate, I try and link to the exact item where possible but if it’s sold out, I will link to the closest similar item.

Thank you to my lovely subscribers for watching and for your support, it is valued and appreciated more than you can imagine.