The Simple Dollar Podcast #1 – Credit Card Debt

Well, here it is, finally – The Simple Dollar Podcast. This will be a weekly endeavor – I hope you enjoy it!

The first episode of The Simple Dollar Podcast focuses on credit card debt. I tell my own story of escaping from a pile of credit cards and relate some very specific advice on how to extract yourself from such debt. Also discussed: Rocky IV, Douglas Coupland novels, Steve Bartman, Twittering while drinking your third glass of wine, snarky librarians, and Dave Ramsey’s connection to Star Trek. Total length: 12:12

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Though I hope you do subscribe using one of the above methods, don’t worry – each episode will be featured in its own post, much like this one, on Tuesday afternoons. The podcast itself may appear earlier than that, however, if you subscribe using one of the above forms, but the notes won’t appear until I post about it here on The Simple Dollar.

Episode Notes
Here are some additional notes that go alongside the comments in the podcast. Approximate times for the corresponding links and notes are listed.

0:00 – The theme song is a public domain recording of a Camper van Beethoven concert on October 25, 1986. Listen to the concert in its entirety.
0:24 – Background reading – my financial biography, particularly the part about our meltdown.
0:50 – The World’s Strongest Man competition is held annually, pitting competitors against each other in a wide variety of feats of strength.
0:58 – I talked about that “sunny April afternoon” in a post called The Longest Night.
1:06 – Rocky IV! Ivan Drago whips Apollo Creed!
2:18 – My public library of choice.
2:39 – Your Money or Your Life is a must-read. Here’s how it really impacted my life.
2:54 – Detailed notes on The Total Money Makeover by Dave Ramsey.
4:14 – And I’m still reading; here’s a peek at that mountain.
5:09 – Here are the only budgeting techniques that ever worked for me.
6:45 – Here’s my Twitter feed … I promise, no more meandering discussions of North by Northwest!
7:17 – Redbox is cheap because there are tons of codes out there for free DVD rentals.
7:31 – PaperBackSwap is the best! But you probably already knew that…
7:49 – The three best novels on modern careers that I’ve yet read were all by Douglas Coupland – Generation X, Microserfs, and JPod.
8:12 – Here’s a startup guide for cooking at home if you have no idea what you’re doing in the kitchen.
8:14 – Restaurants.com can be a good money saver.
9:05 – Here’s a startup guide for your emergency fund.
9:23 – Steve Bartman, oh, Steve Bartman. Relive the moment.
9:44 – Proof that Steve needed a bodyguard.
10:18 – Some details on the debt snowball and a mathematically superior (though psychologically inferior) alternative.
11:29 – Your homework, class!
11:46 – For any of this to work, you have to overcome lying to yourself about money.
12:02 – A preview of next week.

One thing I’d like to do in a future episode is have an audio reader’s mailbag. If you have a microphone on your computer and can record an MP3 of a simple, short question you might have on personal finance, careers, pop culture, or anything else you’d like me to answer, record it as an MP3 and send it to me. Keep the total recording under 15 seconds, please.

Comments and suggestions welcome.

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