Brad Nelson – The Debt Free Dad

Brad Nelson is the founder of Debt Free Dad. As a dedicated single father, Brad is passionate about empowering everyday people to take control of their finances and achieve a happier, less stressful life. Through The Debt Free Dad Podcast and his online course, Roots of Personal Finance, Brad provides practical financial advice and support.

Today, Brad Nelson shares insights into the common struggles couples face with money and how women are increasingly taking charge of financial responsibilities in households. The conversation highlights the role of budgeting and saving as essential components of financial stability. 

He also emphasizes the need for a deep-rooted desire to change and set clear short-term and long-term financial goals. He also discusses the challenges people face in giving up certain expenses, such as high car payments and excessive spending on dining out, which can hinder financial progress.

Moreover, Brad Nelson shares personal experiences of overcoming financial hardships, including losing a home in foreclosure and navigating through family health challenges. He emphasizes the importance of having a budget, setting financial goals, and making short-term sacrifices to achieve long-term financial freedom. The episode concludes with a discussion on teaching children about financial responsibility and seizing teachable moments to instill positive money habits within the family.

Larry’s Takeaways

1. Budgeting is essential for financial stability and peace of mind.
2. Sacrifices are necessary for financial progress and debt freedom.
3. Teach kids about money management through real-life examples.

What You’ll Learn

00:00:00 – Introduction and Importance of Finances in Relationships

00:05:30 – Gender Disparities in Financial Responsibilities

00:10:32 – Personal Financial Struggles and Lessons Learned

00:15:17 – Overcoming Financial Challenges and Building a Strong Foundation

00:24:20 – Impact of Financial Stability on Coping with Life Challenges

00:26:53 – Strategies for Getting Out of Debt

00:33:16 – Common Challenges in Budgeting and Spending Habits

00:38:05 – Teaching Financial Responsibility to Children

00:38:53 – Utilizing Teachable Moments for Financial Education

00:39:33 – Rising Grocery Costs and Financial Awareness

Links

www.debtfreedad.com

www.tiktok.com/@debt_free_dad

www.youtube.com/@bradnelson-debtfreedad2751/featured