Dekker Team’s Post

Transcript

Is it really possible to turn debt into wealth? Well, let's chat about that. Decorating. Together with the team, we are honored that for over 35 years we've been able to come alongside you not only buying, selling and investing in real estate 3 / 3117 times coming alongside you to build your fund, build your finances, build your faith, build your fitness, and even strengthen, heal and flourish inside relationship. We're going to discover that there is a simple plan that you might. What do you use to turn debt? Into financial gaining good. That's so good. And now if you've got some debts and consumer debt, I'm not talking about investment debt, I'm talking about consumer debt that the interest on it is not tax deductible. It's no good really. It's no good for nothing. Yes, but one of the best investments you can make at a Guaranteed Rate is if you've got credit card data, 21%, when you pay that off, you're actually like it's earning 21% guaranteed and it's tax free because it's not income, it's money you're not having to spend in the future. So number one step, if you got any consumer debt, let's let's lose, let's lose it. Let's write that out. And you know what's interesting, we had one of our clients. We have lots of our clients that will talk to us about debt and about making better choices with money. And there's one in particular that was doing really well. Like, she's so sweet, she's adorable, She was on track, she was making great choices. And then it just kind of as we talked about in segment B, it snuck up on her, right? It just got away with her. And then once she got out of her habit of making good financial decisions, right? But once that happened, it was more like bury the head. The sand don't wanna talk about it. There was a sense of embarrassment. Yeah, a sense of I can't come clean fear and embarrassment because you've spoken to her Ohh years couple years before her and she was doing great. And so when she was no longer asking the questions and staying connected as tightly or bringing up when we were chatting right. I figured she was doing well. But then I got the phone call saying I just have two simple questions for you and I said Oh well, let's have a chat. Well, they weren't. Simple right, because one was about how do I get back on track and although it's this easy plan, it's not easy to do and she's probably listening. So if you're listening, you know who you are. You do you know I'm so proud of her yes like it's been 36 days since this journey started and she's already the new journey she's already paid off. So congratulations the highest. Interest debt 100%. And all that shifted was a little bit of focus. Yeah. She already knew what to do. She's also in 36 days sent you 34 text messages, 634 she missed 2. Ohh, yes, 34 text messages of what? Things she did that day. To improve her financial situation, to make good stewardship decisions, hmm to, to how to safeguard her future every single day. What a wonderful story. It's fantastic and it's interesting because it's such a little thing. Mm-hmm. Right. One little text every day. But it is changed her focus because she didn't get new information. She already knew the strategy. She already knew how to do it well. Yeah. So now let's talk about good debt because we've changed our mindset. I know you don't like the word good debt, debt that pays you rather than you paying the debt. Right. Because we've kind of, we've now looked at the fear that paralyzes us and what do we do with that debt that we purposely get for an investment, right? How do we make that work? And why does it work so well? Now that we got the mindset, the fear is gone. We're going, OK, I'm going to explore this now. I've opened up my mind to the possibilities, right? I'm no longer closed minded about, you know, one of the big ones is my home. Mortgage because many, many people needs to retire the retirement plan, right big piece of the retirement they think I gotta get that paid off. And recently we met with a couple and they they said OK, how do you help us build wealth now we've retired and we paid off our house and we said well. You can't re leverage now because you don't have income to leverage so they can't pay you. Yeah, you can't take out debt now unless you can find a large sum of money for a down payment on something. You're, you're a little bit stuck. It was hard and they thought they were doing the best thing, you know, pay off the mortgage and then retire as soon as the mortgage paid off, right. And so if you're thinking you're confusing me, people like we're confusing you. If that's happening, then this is the last chance to get into the building wealth Wisely workshop room on September 25th. Just go to deckerteam.com. You'll, you'll see a little introduction to it. Click on through do your thing. And we would love to have this conversation at a much deeper level. Yeah. And 1:01 room. And we can answer your individual questions. That's the beauty on radio. It's kind of one sided, right? It's all going out well, except when you tell us what questions you have or you give us feedback, which we love. Thank you, thank you, thank you. Keep doing that. Because we get these ideas mostly from you, not from us, by the things you say and the things you ask. Give us the impetus for what? We're gonna talk about, yeah. And what we're going to talk about at the, at the, at the Building Wealth Wisely workshop is things like how does the leverage get you such a high rate of return? Like we're talking like 2025, thirty percent rates of return. And that's not just paying off the credit card. No, that's what we can get you on your investments. And it's just crazy, right? And it's it's not too late. If you're working, it's not too late. Come to the shop. We're going to talk about seed money, how you can make seed money, the same seed money work for you and seed money. Let's explain what that is. Well, see, finding the first bucket of money, Yeah, that's the money you save, the money you save, the money you pulled together from different resources, the money that you get access to that becomes the pot of money that you use for the first investment. If you've been in your home over five years, your seed money might already be in your home. We can talk about that, right? And then getting a wealth. Formula plan. Yeah, plan a plan like a recipe, like if you're going to make bread or make a pastry, like cakes and stuff. Like I can cook and I can throw things in. But if I'm gonna make a pastry like I made the pie the other day, I gotta follow the recipe perfectly or else my pie crust is going to be hard like this table, or it's going to be, you know, fall apart. But I want it light and flaky, so I got to follow the recipe. Exactly. Wealth building is like that. There's a recipe, there's a formula. Doesn't have to be perfect, but if you follow the principles, it's going to be good. It is. And the thing that I keep thinking about is a lot of times people wanna do this fast. OK, so I'm ready. Let's go. Let's let's, let's make it happen. And it's not necessarily a get rich quick scheme. All get rich quick scheme. It's build it slow and build it steady. And build it well, just like when you put together a pie recipe for arguments sake, pie or cake, it's not necessarily fast. There's a process and a time. And if you skip any of the steps, like if you don't let the bread rise. Yeah, it's like a rock, you know, Flatbed. Yeah. Bread. Yeah, but flat, hard, dense bread, which may not be what you were looking for. So following the recipe, it's not a get rich quick scheme. No, it's a get wealthy slow formula and plan. So. Here's my challenge to you Stop letting fear of debt control you, and take a step toward getting your access to building wealth wisely right now. Deckerteam.com Go on there and make an investment in yourself. We're grateful that you've joined us on Life Inside Track because when we move forward together, together, we've got this. Moving forward with the deck. Together with the deck.