Category Archives: Bankruptcy

Top Strategies to Decrease Debt

Creating A Debt Free Zone
Creating A Debt Free Zone

Doug’s Top Strategies To Decrease Debt

The ideal scenario for people is to start with a fresh slate, decrease debt and still meet your monthly obligations. Defining your needs and wants is a great place to start.  Unfortunately, this isn’t the case for most people.  I know this story too well.

Doug’s Story:  I grew up in a trailer and thought that success was going to be when I had a million dollar house and nice cars.  Through buying real estate and owning a mortgage company I was able to achieve my dream of success.  I bought a million dollar home in St. Charles County that was 8000 square feet.  I had a Lexus and an Escalade.  I bought that dream home at the end of 2005, and the value never went higher, and my income only went down.

Here are some of the top strategies I learned to decrease my debt to regain credit worthiness:

Audio 1: Decrease Debt

Audio 2: Decrease Debt

Continue reading Top Strategies to Decrease Debt

Financial Baggage Part 1: Starting From Nothing

empty-wallet-SCEveryone Starts From Nothing

The first thing we want to point out is that everyone starts from nothing. Rich people, poor people, successful people, non-successful people, top achievers, non-achievers – all these people start from a place where they had nothing. Forget about family background, because these aren’t determinants of success – there are as many successful people in this world from poor families as there are from rich families. Let’s focus on one’s personal achievements and knowledge, because these are arguably what one uses to build future success.

You Have Something

The second point we want to make is to invite you to rethink the whole notion that you have nothing. Because every time you think you have nothing, it’s likely the opposite. It’s the whole proverbial notion of whether the glass is half-empty or half-full. There is always something there. The pessimist sees the glass as half empty; the optimist sees the glass as half full. Have you ever considered that the glass has always been all full though? The bottom half is filled with water, and the top half is filled with air.

If you don’t see what you have today as something, that’s because you’ve been living in your own reality for too long, to the point where you take what you have for granted. You’ve developed a mental blindness to the value of what you have. It’s a matter of retuning yourself to recognize those things you have.

Your Problems Are Somethings Too

In fact, everything you have in your life now are all somethings. Including your problems, many of you might be thinking – “How can my problems be of value? They weigh me down. I wish I can get rid of all my life problems.”  Consider looking at your problems as an asset to learning.  Develop an inquiry type relationship with whatever it is that is holding you back .

Define what your “problems” look like.  Are they assets, debt, lack of skills, limiting abilities.  Once you identify those so called problems find the solution.  Your problems are really your assets in disguise. They are your hidden gold mines waiting to be mined and converted into gold. In fact, you should be grateful you have such problems because they are your keys to abundance. It’s with these problems that you become a richer person (not just in physical wealth, but also emotionally, mentally and spiritually).

And Then There Is Something Else

And then even beyond your problems be it liabilities, assets, possessions, knowledge, abilities, skill sets, there is something else that you have.  Even if you have nothing to your name, even if you’ve been declared bankrupt, even if you’re in $100 million dollars in debt, even if you are to lose your job or your life has been decimated, you still have something.

You have you.

And that, I’m telling you, is the most powerful thing you can ever have in your entire life. It’s the one thing you ever need in your entire life to create the life you want. Because you have more power in you to create than anything else in the world that you can acquire.

It doesn’t matter whether you are $100 million dollars in debt; you have the ability to reverse it and earn more. (Which was exactly what Donald Trump did – He was $0.9 billion dollars in debt in the 1990s and reversed that in a year, to emerge a billionaire with $3b in net worth – 3 times richer than his highest point of wealth before his debt.)

It doesn’t matter if you have no friends now to speak of; you have the ability to get out there and make new friends.   Whatever asset you can acquire is nothing in comparison to your ability to create, synthesize thoughts, break down problems, form solutions, build structures, move mountains, and more.

Focus on What You Want, not What You Have Now

If we always base our decisions on what we have or don’t have in this moment, we’re never going to get far. Because we’re limiting ourselves based on our history. You become a function of your past. You become a shadow of your past. That’s just surrendering yourself to what you had in the past, which is a very disempowering way to live. It merely serves to reinforce the status quo. Your current state is not a determinant of who you can be or what you can have. Remember, you have unlimited power in you. Focus on your WHAT, not your HOW.

Remember everyone starts from somewhere.  It doesn’t matter what you have or don’t have now.  It’s more important that you get clear on what you want and move toward there.  Develop a life plan.  Write it down on paper.  Get committed to change.  Launch yourself into your own life.

If you are struggling on creating momentum reach out to Doug Haldeman at 314-472-3684.

Financial Baggage Part 1: Segment 3

Managing Money During Major Life Events

major life changeAre you getting married, divorced?  Have you lost your job?  How about a baby? or Buying your first home?  We have put together some thought provoking ideas to slow you down and think how you can be prepared for effectively managing your money during some of these major life events.


  • Discuss finances early on. If one spouse is a stingy saver while the other is a carefree spender, it can be cause for turmoil in a marriage, especially if the issue isn’t discussed early on. Do you prefer a joint bank account? Separate bank accounts? Or maybe the concept of “Yours, Mine & Ours” is best for you, with one joint account for fixed monthly expenses and two separate accounts for discretionary spending. Be preemptive and talk about how you’ll manage your finances, long before an issue even arises. You’ll both be more likely to address the issue calmly and constructively, and you’ll be better equipped to resolve any future disagreements. At the very least walk away from the conversation knowing each others viewpoint.
  • Design a budget you’ll both be able to stick to. This depends on how your bank accounts are set up, what your financial goals are and how your spending styles differ. The most important thing to set measurable, attainable goals, and then follow up with weekly or monthly money meetings to keep each other accountable and on track.
  • Contribute to an emergency fund, retirement plan and debt payment plan—together. These are long-term goals that should be included in any budget but are particularly important for couples to work toward together. Not only might it be quicker than trying to reach your goals alone, meaning it’ll save interest on a debt payment plan or earn more interest on an emergency fund, but also opens you both up to more options for a stable financial future. For example, if one person has better retirement options than the other, use that knowledge to allocate your resources wisely and maximize your return.

Continue reading Managing Money During Major Life Events

Are You Living House Poor?

empty-wallet-SCOne common problem that people run into is that they become house poor.  What does this mean?  You are house poor if you have no extra money to pay for emergencies, cover your expenses and save for the future, because your house payment is too large. Your house payment should be about twenty-five percent of your take home pay. Some people think it is okay to go up to about thirty percent if you have no other outstanding debt, and do not plan on going into debt. You may end up house poor if your circumstances change and you begin to struggle to make your payments. For instance if one of you decides to Continue reading Are You Living House Poor?

Buying And Selling At The Same Time

Doug Haldeman Show webAnd you thought buying or selling a home was scary. Either one can be, of course, but there’s nothing like doing both at once to foster a flurry of “what ifs.”

What if I buy a new house, but my old one doesn’t sell?

What if I sell my old house, but can’t find a new one?

And what if I try to do both at once and end up going completely crazy in the process?

Don’t worry, you won’t, as long as you take the time to think things through. Depending on your particular situation, it may make more sense to buy first, then sell — or just the opposite. Below are some factors to consider.  To learn more be sure to tune in Today at 4 pm on FM NewsTalk 97.1 The Doug Haldeman Show.

Continue reading Buying And Selling At The Same Time

Listen this Sunday FM NewsTalk 97.1: The Doug Haldeman Show

Listen this Sunday from 4-5 pm on FM NewsTalk 97.1- The Doug Haldeman Show.

Sunday’s Show we will be talking about how to buy a car after bankruptcy with Dan Grosvenor and we will be covering the topic of Motorcycle and ATV accidents and what type of insurance you need to make sure you have if you own one or both of these vehicles.


Dan Grosvenor
Automotive and Auto Financing Expert
5 Star Auto Sales
636.926.9902  dan automotive and auto finance expert web


Stephen Schultz:
Personal Injury Attorney
Schultz & Myers
stephen schultz show card