How to Destroy Your Debt and 3 Things to Do Next

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You work for years to pay off your debt. You’ve scrimped. You’ve saved. You’ve put your extra dollars toward debt freedom. But what do you do with your money when you’re done? How do you make the most of your finances now that you have new goals? And, more importantly, what can you do to avoid falling back into the debt trap?

That’s what this week’s “Money!” podcast is about. As usual, my co-host is Money Talks News founder Stacy Johnson. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.

Today, our special guest is Marcus Garrett, author of the book D.E.B.T. Free or Die Trying. We’re going to talk about his journey to dig out of the debt hole — and what he’s done to stay out of it.

You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article. Or, you can download it wherever you get your podcasts:

Don’t forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.

Marcus has an amazing story, and he’s ready to share it. Plus, we talk about what to do with your money once you’ve slain the debt beast. Check out the podcast to hear his story and find out what to do with your money once you’re out of debt!

How to get out of debt

One of the best things you can do to get out of debt is to make a plan. For Marcus, Miranda and Aaron, having a plan was essential to getting out of debt — and staying out of debt. Check out some of our resources on destroying your debt:

3 things to do with your money now that you’re out of debt

Once you get out of debt, you need to figure out what to do with your money to make the most of it. After you listen to the podcast episode, check out these resources that can help you make the most of your money:

Meet this week’s guest, Marcus Garrett

After surviving the mean streets of the inner suburbs in the great state of Texas, Garrett obtained a bachelor of arts in business administration and work experience as a certified internal auditor and financial data analyst. As a senior millennial, his inflated self-esteem was amplified with participation trophies given to him without merit during his most impressionable years. Somehow he overcame these personal roadblocks to become an award-winning freelance writer on topics ranging from relationships to debt.

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He’s a certified public accountant (CPA) and also has earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.



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