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Us stocks are certainly getting hammered today the died down more than 200 points at -- -- today America is asking our jobs in the economy -- -- -- -- talking to a bunch of economists who we love we love dearly to daily that we talked to some real people that have who have learned from this crisis and whether the Great Recession -- -- -- -- -- On how to survive.
Heather and -- sin is co author of stealing homes how to survive a foreclosure.
And Danny koskie is a special education teacher and the author as simple book a financial wisdom so that sounds like a pretty good Catalan and -- you have -- that's interesting experiences that have not been unlike others -- Heather.
How did you find yourself in a foreclosure.
Well we like committees southern Californians.
-- financed our home 100% with an interest only loan.
And that we were doing great you know we we have income to pay it but.
Problems and a relationship cropped up as soon as the home closed and we've split up.
And I'm glad I -- I'm doing the mortgage -- -- I mean I I read your story.
He walked away -- pay the mortgage approval points and He are left with the house.
Yeah He He set out He said to teach me a lesson.
I have a career in the financial services industry so not only is not paying your mortgage and ethical it would also harm my career.
And the -- and asked him that you see in the movie -- the roses but it was kinda like.
That would allow well and I'm sure a lot of us have and that that's not necessarily good but you made it outside get to how you did that in just checking -- Danny.
I year's special education teacher and you you really tie yourself to be financially savvy -- on your salary how does -- do it.
I think has just blessed to be raised by parents that that valued family time rather than having materialistic things and just.
During the course grown up I learned some great lessons from them.
And then after we got married Tracy my wife was a first grade teacher before becoming a stay at home mom and we want her to be able to to stay at home so over the course of the -- she worked we've -- pay down our debt.
And now she's -- -- stay at home mom for seven years and we have two girls and still do -- and how much he's black -- What do you look debt free Danny do you have any -- -- did you have and do either do you carry credit cards are you completely debt free.
I'm completely -- I -- -- -- -- right except for the house steady is that right.
Yes -- Heather what about you.
I have one credit card that I am still paying off and say that so far the prices ahead -- He came through.
I -- -- have a new life you have any child as well and you're -- -- a new career so what was it what was the turning point -- He turned that around.
You know the biggest change that I made Jenna was how I spent my free time.
In the past -- my free time I would consume.
I would go to the -- go out to be so I'm -- -- with girlfriends.
Here in Southern California you can drive to Las Vegas for the drive to Vegas for the weekend and spend ridiculous amounts of money.
Now I produce in my spare time IA.
Transplanted a bunch of the backyard into a garden got into garden -- -- cooking.
I wrote a book stealing homes.
Just an overall change in my mentality of how it's been my free time not indulging myself but creating things and ultimately it's been more rewarding.
And Danny you can probably relate to that is about it with your book is simple book -- financial -- down.
What is the number one thing you didn't tell us today the -- remember when change that you think we can make -- To help -- -- spend more wisely.
Realizing where your money is going that to -- is the number one reason why people get into trouble as I've talked to people they say they don't have any money.
Yet they have a new pair of shoes on -- new coach -- the newest iPhone.
And I -- to say you do have the money -- just choosing to spend it in this way so I think tracking.
Where your money is going is the number one key to start off with because.
Let's face it there's two ways to make more money either they have to get -- higher paying job which it's possible but a little more difficult right now that it was five years ago there or be cut back on what you're spending money on.
Eight eyes right open and that seems to -- one of the lessons from both video and -- -- so nice to talk to you -- story a little bit.
I'm sure resonates with a lot of reviewers and we appreciate it we look for to have you back on again.
Thank you Jenna -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
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