When is the right time to start a new business? What should the economy look like?

Why do startups fail?

What pitfalls should a new owner understand and avoid?

In this week's episode, George and Shawn talk about these issues, with a focus on income, debt, financial statements, and other issues that may affect the new, small business owner.

As the July No Spend Challenge comes to a close, how did you do? How many points did you accumulate? How much money did you save? Were there any other goals you accomplished?

Thank you to Tiffanie Kellog, who asked on the Facebook page: "I was pondering a question for the podcast based on the no-spend challenge... what about a discussion on how to classify a NEED versus a WANT when it comes to spending $$$?"

What is your financial personality? Your financial health? The TTCI Method?

Today's guest on the Crushing Debt Podcast is a CPA, speaker, course creator, and passionate about helping people become financially free. Bruce Scott is the territory leader of (senior partner) at PricewaterhouseCoopers Jamaica. He has an MBA, FCA, FCCA, CPA (Colorado), chartered accountant (Jamaica), and chartered certified accountant (UK). Bruce is passionate about financial intelligence leading to financial independence, and he offers financial training in several countries on strategies and behavioral changes required to pursue a path of financial freedom.

Someone who finds themselves on the Freddie Mac Exclusionary List is prohibited from participating in a transaction where Freddie Mac is a party - this excludes buyers, sellers, Realtors, Lenders, Title Agents, Attorneys, Inspectors, Appraisers, and others.

In today's episode, Shawn & George talk about how Shawn almost literally stumbled across the Exclusionary List, and how helping people come off the List turned into a part of the Yesner Law practice. Plus we give tips on how to stay off the List and ask to come off the List if you find yourself on the List.

What age groups tend to owe the most debt? Boomers? Millennials? Gen X?

Would it surprise you to know that credit card debt, on average, has returned to or exceeds pre-pandemic levels?

Why has it increased, and what can you do about it? How do you break the credit card cycle?

In this week's episode, Shawn and George talk about the reason that credit card debt has increased and some tactics for reducing or crushing your credit card debt if it has risen to a level that you are struggling (or even if you just want to pay it off).