Get A Grip On Your Money with Damon Carr

About Get A Grip On Your Money with Damon Carr

Financial Planner, Money Coach, Tax Pro Personal Finance Journalist Damon Carr Helps Everyday People Get A Grip On Their Money. In this Podcast Damon will delve into articles he’s written in his Personal Finance Column “The Carr Report” and “Ask Damon” E-Newsletter and he’ll discuss Trending Topics in the news about money

Publisher

Damon Carr

Category

business

Language

en

Explicit

No

First episode

10 May 2020

Latest episode

7 Oct 2026

Latest episodes

471 episodes in the feed.

1. 

   7 Oct 2026

   RETIRING WITH A MORTGAGE IS RETIRING WITH A SECOND JOB 🏠💸

   Your grandparents burned their mortgage papers and threw a party. America today? 𝟒𝟏% 𝐨𝐟 𝐡𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐚𝐠𝐞𝐬 𝟔𝟓 𝐭𝐨 𝟕𝟗 𝐬𝐭𝐢𝐥𝐥 𝐜𝐚𝐫𝐫𝐲 𝐚 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 — up from 24% in 1989, according to Harvard's Joint Center for Housing Studies. Among folks 80 and older, it's 𝟑𝟏% — up from just 𝟑%. Read that again. 👀 That's not a housing stat. That's a retirement crisis wearing a welcome mat. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐩𝐫𝐨𝐛𝐥𝐞𝐦: a mortgage payment doesn't retire when you do. It keeps clocking in every single month, eating the check you planned to live on. 𝐘𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐫𝐞𝐭𝐢𝐫𝐞 𝐨𝐧 𝐬𝐚𝐯𝐢𝐧𝐠𝐬. 𝐘𝐨𝐮 𝐫𝐞𝐭𝐢𝐫𝐞 𝐨𝐧 𝐢𝐧𝐜𝐨𝐦𝐞 — and every dollar promised to the bank is a dollar that can't feed you, cover Medicare, or help the grandbabies. How did we get here? Refinancing in your 50s restarts the 30-year clock — congrats, your house note now graduates when you turn 85. Cash-out refis turned homes into ATMs. And a fresh 30-year mortgage today runs over 7%. The 2.65% days are GONE. 🪦 𝐅𝐢𝐱 𝐢𝐭: 1️⃣ 𝐊𝐧𝐨𝐰 𝐲𝐨𝐮𝐫 𝐭𝐰𝐨 𝐝𝐚𝐭𝐞𝐬. Your retirement date and your mortgage payoff date. If the mortgage outlives the paycheck, that's your #1 financial problem. Everything else is decoration. 2️⃣ 𝐀𝐢𝐦 𝐞𝐯𝐞𝐫𝐲 𝐟𝐫𝐞𝐞𝐝-𝐮𝐩 𝐝𝐨𝐥𝐥𝐚𝐫 𝐚𝐭 𝐭𝐡𝐞 𝐩𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥. Car paid off? Redirect that payment to the mortgage. Got a raise? Same move. Growing the gap kills that note YEARS early. 3️⃣ 𝐍𝐞𝐯𝐞𝐫 𝐫𝐞𝐬𝐭𝐚𝐫𝐭 𝐭𝐡𝐞 𝐜𝐥𝐨𝐜𝐤 𝐢𝐧 𝐲𝐨𝐮𝐫 𝟓𝟎𝐬. Refinance to a shorter term or don't touch it. A lower payment that follows you to age 90 isn't a deal — it's a trap with better marketing. 𝐒𝐨, 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞? Retire the mortgage before it retires YOU. A paid-off house is the one raise nobody can ever take away. Get A Grip On Your Money! 💪🏾 ✍🏾 Damon Carr, Financial Planner, Money Coach, Tax Pro & Real Talk Specialist #TheCarrReport #GetAGripOnYourMoney #MoneyCoach #RetirementReady #MortgageFree #GrowTheGap #FinancialAdviceYouCanBankOn

2. 

   3 Oct 2026

   💰 DON’T TRADE BONDS? YOUR WALLET STILL FEELS THEM!

   The 𝟏𝟎-𝐲𝐞𝐚𝐫 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐲𝐢𝐞𝐥𝐝 closed Friday around 𝟓.𝟐𝟖%. Sounds like Wall Street business? That number can walk straight into your 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝 𝐛𝐮𝐝𝐠𝐞𝐭. 🏠 Here’s the connection: Investors can buy government 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐧𝐨𝐭𝐞𝐬 or 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐛𝐚𝐜𝐤𝐞𝐝 𝐛𝐲 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐬. Mortgage investors want 𝐞𝐱𝐭𝐫𝐚 𝐜𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 for risks like 𝐞𝐚𝐫𝐥𝐲 𝐫𝐞𝐩𝐚𝐲𝐦𝐞𝐧𝐭 and 𝐦𝐢𝐬𝐬𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬. Think of it as 𝐡𝐚𝐳𝐚𝐫𝐝 𝐩𝐚𝐲. When 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐲𝐢𝐞𝐥𝐝𝐬 𝐜𝐥𝐢𝐦𝐛, mortgage investments must compete. That puts upward pressure on 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐫𝐚𝐭𝐞𝐬—and the payment attached to your dream house. Same house. Same income. 𝐁𝐢𝐠𝐠𝐞𝐫 𝐩𝐚𝐲𝐦𝐞𝐧𝐭. That can shrink your 𝐛𝐮𝐲𝐢𝐧𝐠 𝐩𝐨𝐰𝐞𝐫 before you even schedule a showing. ⚠️ But don’t confuse the connections: Credit cards and home equity lines generally follow 𝐩𝐫𝐢𝐦𝐞 𝐫𝐚𝐭𝐞𝐬, while savings and CD rates depend heavily on 𝐬𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐫𝐚𝐭𝐞𝐬 and 𝐛𝐚𝐧𝐤 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧. Your move? Attack expensive 𝐯𝐚𝐫𝐢𝐚𝐛𝐥𝐞-𝐫𝐚𝐭𝐞 𝐝𝐞𝐛𝐭. Compare 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐲𝐢𝐞𝐥𝐝𝐬. Shop 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐨𝐟𝐟𝐞𝐫𝐬. Don’t stretch your budget hoping rates will rescue you later. And don’t let one scary headline bully you into abandoning your 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧. Get your money 𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 instead of constantly 𝐩𝐚𝐲𝐢𝐧𝐠 𝐢𝐭! 💪🏾 𝐓𝐡𝐞 𝐂𝐚𝐫𝐫 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐝𝐯𝐢𝐜𝐞 𝐘𝐨𝐮 𝐂𝐚𝐧 𝐁𝐚𝐧𝐤 𝐎𝐧! 𝐍𝐞𝐞𝐝 𝐚 𝐌𝐨𝐧𝐞𝐲 𝐂𝐨𝐚𝐜𝐡 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐆𝐞𝐭 𝐀 𝐆𝐫𝐢𝐩 𝐎𝐧 𝐘𝐨𝐮𝐫 𝐌𝐨𝐧𝐞𝐲? 𝐇𝐢𝐭 𝐦𝐞 𝐮𝐩! TheCarrReport.com ✍🏾 Damon Carr, Financial Planner, Money Coach, Tax Pro & Real Talk Specialist. #TheCarrReport #MoneyCoachDamonCarr #GetAGripOnYourMoney #MortgageRates #FinancialLiteracy

3. 

   18 Sept 2026

   🗞️💰 𝐓𝐑𝐄𝐍𝐃𝐈𝐍𝐆 𝐌𝐎𝐍𝐄𝐘 𝐍𝐄𝐖𝐒 𝐅𝐑𝐎𝐌 𝐌𝐎𝐍𝐄𝐘 𝐂𝐎𝐀𝐂𝐇 𝐃𝐀𝐌𝐎𝐍 𝐂𝐀𝐑𝐑 9/18/2026

   💰 Interest rates are up, mortgages hover near 7%, and oversized car payments are draining households. Attack high-interest debt before it attacks your future! 🚨 Meanwhile, lazy savings accounts pay crumbs while high-yield accounts and CDs offer more. Move that money! An income means nothing when every dollar leaves. Student loans steal from retirement. Borrow less, save smarter, avoid oversized payments, invest consistently, and GROW THE GAP! Sound financial principles never go out of style. 📈 𝐓𝐡𝐞 𝐂𝐚𝐫𝐫 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐝𝐯𝐢𝐜𝐞 𝐘𝐨𝐮 𝐂𝐚𝐧 𝐁𝐚𝐧𝐤 𝐎𝐧! 𝐍𝐞𝐞𝐝 𝐚 𝐌𝐨𝐧𝐞𝐲 𝐂𝐨𝐚𝐜𝐡 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐆𝐞𝐭 𝐀 𝐆𝐫𝐢𝐩 𝐎𝐧 𝐘𝐨𝐮𝐫 𝐌𝐨𝐧𝐞𝐲? 𝐇𝐢𝐭 𝐦𝐞 𝐮𝐩! ✍🏾 Damon Carr, Financial Planner, Money Coach, Tax Pro & Real Talk Specialist. #TheCarrReport #PersonalFinance #MoneyManagement #GrowTheGap #FinancialFreedom

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

Apple Podcasts (US)

5.0 / 5

2 ratings

Podcast Authority Score: 45 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

78

Social presence

0

YouTube

0

Engagement

32

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