Marcus Garrett is co-host of the Paychecks and Balances podcast and author of Debt Free or Die Trying: How I Buried Myself in Over $30,000 in Debt and Dug My Way Out by Age 30. The book covers the sometimes serious, most-times amusing story of how he buried himself in over $30,000 in debt. For a period in his life, Marcus lived check-to-check. It got so bad he was paying off credit cards with other credit cards. You can watch the video explaining his story below.
Soon after releasing Debt Free or Die Trying, listeners and readers began asking about the “how to” piece of the story. With this in mind, Paychecks & Balances is developing several follow-up tools focused on teaching individuals how to build, plan, and successfully complete their debt free journey. They are each briefly described below. For more info, contact us with additional questions or comments.
If you’re already motivated, disciplined, and only need to better understand the small tweaks you need to become debt free, this eBook is for you. Debt Free or Die Trying: A Simple Guide for Creating a Debt Free Plan You’ll Actually Follow. It assumes you’re already on the right path, but you need help designing a budgeting system and debt payment plan you’ll actually use. It’s straightforward and a quick read to ensure you get on the path to debt freedom as easily and painlessly as possible.
Coming in 2018…
This interactive Workbook will provide an in-depth overview of how you can become debt free. I’m designing this for individuals that are just starting out with their first budget, debt payment schedule, or personal finance plan. The workbook will include more information than the eBook, including specific visuals like infographics, charts, and tables for context and foundation building. This tool will work great as supplemental guidance for a one-on-one review, if you want to teach a group, or lead a seminar to help others improve their budgeting habits; help you understand the equal importance of knowing your “why” when figuring out your Debt Payment Plan; and include direct links to the exact debt calculators, Apps, and other tools I recommend and use myself.
“How to” Class
After a decade of conducting performance audits as a Certified Internal Auditor, as well as designing, leading, and implementing staff development initiatives in the “real world” for companies overseeing millions, and in some cases billion-dollar programs, I realized a very simple fact: the average person does not view themselves as a business.
On every audit, we have three phases: Planning, Fieldwork, and Reporting (outcome). Using a combination of learnings from work and my personal life, I will teach participants how to conduct an “audit” of their own life. We will develop a personalized plan focused on your specific lifestyle goals designed to ensure you succeed because it’s built by you, for you. This is not a plan for the masses. It’s plan for you. We’ll focus on overcoming most people’s biggest obstacle when it comes to managing their personal finances: ourselves.
This is why very smart, educated individuals manage to leave day jobs where we are paid to make powerful, logical, evidence-based decisions 40-hours a week overseeing hundreds of thousands of dollars and dozens of team members, yet we are still unable to responsibly manage the budgets, credit cards, and student loans in our own lives. My “A-ha” moment came when I started viewing myself as a business in 2007. I was 27 before I ever created a real budget. After reviewing myself through the lens of a self-assessment covering risks, strengths, and weaknesses, I was not proud of the business I was running into the ground: Me, Incorporated.
I am creating a course sharing what I learned to help people accelerate a positive turnaround in their most important business: Your Personal Finances.