SUMMARY
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Author, speaker and entrepreneur, Marcus Garrett has been through an incredibly impactful financial journey. From surviving the streets of an inner-suburb city in Texas, to obtaining a BA in Business Administration and becoming a certified internal auditor, Marcus has worked through a ton of roadblocks to become an award-winning freelance writer on topics ranging from love and relationships, to debt and personal finance. On the path, he dug himself an enormous debt hole but was able to successfully navigate out of this hole. He detailed it all in his best- selling book, D.E.B.T. Free or Die Trying.

Today, Marcus joins the show to talk about strategies for overcoming debt and how he helps overworked (and underpaid) professionals find easier ways to make more money and avoid the mistakes he made.

TAKEAWAYS
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00:50 – Jonathan introduces today’s guest, Marcus Garrett, who joins the show to share early financial lessons imparted on him by his parents, how he dug himself into deep debt and how he climbed out of it
15:40 – Hitting rock bottom and the genesis of ‘Debt Free or Die Trying’
19:31 – Why Marcus beat himself up about his handling of finances and how he managed to dig himself out of an incredible amount of debt
24:37 – The Four Steps of D.E.B.T. and other ways to get out of debt
36:22 – Marcus’ latest project
38:43 – One piece of advice on debt to heed and one thing to completely ignore
42:57 – One thing Marcus wishes others knew about him and the one question he would like to know the answer to
47:25 – Jonathan thanks Marcus for joining the show today and lets listeners know where to connect with him

QUOTES
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“It’s amazing how much in denial you can be when you’re able to make minimum payments. But I didn’t realize the tsunami or the wave was already coming out. That first credit card was the earthquake.” (17:27) (Marcus)

“So, if you’re one of those people who gets paralysis by analysis, and you need a decision, Bankrate.com is still around, and they have an infinite amount of calculators, so still use them. But the point is to come up with a system.” (26:51) (Marcus)

ABOUT MINDFUL MONEY
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Do you struggle with money? You’re not alone.
Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive.
The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.
Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.
If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you.
Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes.

GUEST RESOURCES
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Marcus’ Website: https://www.themarcusgarrett.com/
Marcus’ LinkedIn: https://www.linkedin.com/company/themarcusgarrett/
Marcus’ Twitter: https://twitter.com/TheMarcusGarret
Marcus’ Facebook: https://www.facebook.com/TheMarcusGarrett
Marcus’ Instagram: https://www.instagram.com/TheMarcusGarrett/
Marcus’ YouTube: https://www.youtube.com/TheMarcusGarrett
Marcus’ Podcast: https://podcasts.apple.com/us/podcast/life-after-debt-with-the-marcus-garrett/id1568949951
Marcus’ Book: https://www.amazon.com/Debt-Free-Die-Trying-Buried/dp/0692769005
Books Mentioned:
The Power of Broke: https://www.amazon.com/The-Power-of-Broke-audiobook/dp/B01KOXWDPC/
The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financialindependence/dp/1533667926
Find Your Why: https://www.amazon.com/Find-Your-Why-audiobook/dp/B074F33DYD
Start With Why: https://www.amazon.com/Start-Why-Simon-Sinek/dp/1591844517

MINDFUL MONEY RESOURCES
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Monthly Coaching Membership: https://courses.mindful.money/mindful-money-membership
Jonathan’s Book – https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369
Website - https://mindful.money/
Jonathan DeYoe on LinkedIn - http://linkedin.com/in/jonathandeyoe
Mindful Money on Twitter - https://twitter.com/MindfulMoney_Ed
Mindful Money on Facebook - http://facebook.com/MindfulMoneyPlan
Mindful Money on Instagram - http://instagram.com/mindfulmoneyplan
Mindful Money on YouTube - https://www.youtube.com/c/MindfulMoney🎙️
Podcast Production by FullCast: https://fullcast.co/sn