Latest / The Table with Anthony ONeal / Tax Expert (WARNING): They're SEIZING Tax Refunds in 2026! (Do This Now)

Transcript

Tax Expert (WARNING): They're SEIZING Tax Refunds in 2026! (Do This Now) · The Table with Anthony ONeal

0:00
[SPEAKER_00]: If you have stood alums and you're expecting a tax refund here coming up in 2026, honestly I'm gonna tell you right now from the very beginning, the government might keep it.
0:11
[SPEAKER_00]: I'm not being dramatic.
0:13
[SPEAKER_00]: I was special with everything going on right now with the government shut down and everything is happening.
0:20
[SPEAKER_00]: But the truth of the fact is, the government is about to see billions and tax refunds from families who desperately need that money.
0:28
[SPEAKER_00]: And if you're counting on your earned watches, your earned income tax credit or child tax credit to pay bills next year to help you with groceries.
0:37
[SPEAKER_00]: And we know how a lot of us we tend to count on that money to provide for like birthday and anniversary and in summer and spring break vacations or watches.
0:48
[SPEAKER_00]: Let's be honest, I've mentored people who use their tax refund to catch up on their mortgages, to catch up on their rent.
0:56
[SPEAKER_00]: Here's the truth.
0:58
[SPEAKER_00]: You could be in a devastating surprise from January of next year.
1:03
[SPEAKER_00]: Here's what's happening.
1:03
[SPEAKER_00]: I'm gonna tell you from the very beginning, here's exactly what's happening.
1:06
[SPEAKER_00]: The treasurer offset program just restarted after being paused during the pandemic.
1:12
[SPEAKER_00]: If you're behind on student loans
1:18
[SPEAKER_00]: The government can and we'll take your entire tax refund without any warning.
1:25
[SPEAKER_00]: But here's a good news.
1:27
[SPEAKER_00]: Today, before this can even happen to you, I'm going to show you exactly how to protect your tax refund here within the next couple of months.
1:36
[SPEAKER_00]: Get out of student-owned trouble and why this could be the wake-up call that finally sets your family free from debt forever and from debt moving forward.
1:46
[SPEAKER_00]: We're going to be covering the government's collection program that no one's talking about, the three ways to escape this trap and the exact steps to take it to the next, I'm sorry, and the exact steps to take in the next 90 days to protect your family's financial future.
2:04
[SPEAKER_00]: So I need to stay until the end because I'm giving you my emergency action plan that could save you thousands of dollars.
2:13
[SPEAKER_00]: I know some of you are partnering with Anthony, it's not tax season, but that's the problem.
2:17
[SPEAKER_00]: we wait until the last minute to fix and to address things.
2:21
[SPEAKER_00]: So I'm giving you this three months beforehand.
2:24
[SPEAKER_00]: So if this works and this flows, and not just works or flows, but if this is for you, then it's gonna give you 90 days ahead of time to get ready, all right?
2:34
[SPEAKER_00]: So let me give you the numbers that should terrify every parent in America.
2:42
[SPEAKER_00]: 10 million Americans could be incidental on default by the end of this year, 2025.
2:49
[SPEAKER_00]: Before the pandemic, the government sees over four billion annually from tax refunds alone.
2:55
[SPEAKER_00]: I'm saying that again.
2:56
[SPEAKER_00]: Let me say this in a different way, it's where you understand.
3:00
[SPEAKER_00]: Before the pandemic, the government took four billion dollars away from the working average class American.
3:10
[SPEAKER_00]: and never gave it back.
3:13
[SPEAKER_00]: Now I know my audience, 85% of you watching right now are women, and 63% of you are African American.
3:23
[SPEAKER_00]: And you're the backbone of your families.
3:26
[SPEAKER_00]: You're the ones who care to find interestress, who worry about making ends meet, who count on the tax refund to catch up on bills or buy schools supplies or pay for that vacation.
3:39
[SPEAKER_00]: I want to I want to start off with with with story story about one of our community members who's in the black right our name is Sarah and I'm a Sarah.
3:55
[SPEAKER_00]: This is not her real name, but she's real.
3:58
[SPEAKER_00]: Because I want to make sure that I I protect my community.
4:02
[SPEAKER_00]: And I don't want to put all your personal information out there.
4:04
[SPEAKER_00]: But I talked to Quoton Co.
4:05
[SPEAKER_00]: Sarah before doing the show.
4:06
[SPEAKER_00]: And I asked her, can I share her story without sharing her name?
4:10
[SPEAKER_00]: She said yes.
4:11
[SPEAKER_00]: You see, Sarah is a single mom who's been struggling with her student long since 2019.
4:15
[SPEAKER_00]: Doing a pandemic before the pandemic, really?
4:25
[SPEAKER_00]: The payments were paused, collection stopped, and she could finally breathe.
4:32
[SPEAKER_00]: Sarah was counting on her tax refund, which should have been right around $3,200, and her child tax credit to catch up on rent and buy schools supplies for her kids.
4:43
[SPEAKER_00]: What she did it, no.
4:45
[SPEAKER_00]: She said the government is about to take every single penny.
4:53
[SPEAKER_00]: And as I was talking to her, I said, well, A says, you really need to get this doubt in.
4:59
[SPEAKER_00]: And as I was talking to her and talking to her, I said, yo, I honestly need to do a show about this.
5:06
[SPEAKER_00]: Because there are other people out there like Sarah who need this information.
5:12
[SPEAKER_00]: So I want to give you two foundational truths that you need to understand.
5:16
[SPEAKER_00]: There's number one.
5:19
[SPEAKER_00]: The government never forgets.
5:23
[SPEAKER_00]: Suit alone that doesn't disappear when you ignore it.
5:26
[SPEAKER_00]: It grows, it compounds, and now it's coming for your tax refinance.
5:32
[SPEAKER_00]: Number two, if you're in default, your tax refinance isn't actually yours.
5:37
[SPEAKER_00]: It belongs to your loan servicer, and I promise you, they're coming to collect it.
5:44
[SPEAKER_00]: And I want to be honest with you all, actually, as a matter of fact, I want you all to be honest with me now.
5:51
[SPEAKER_00]: Drop any comments if you're watching this on YouTube.
5:53
[SPEAKER_00]: Are you behind on your pseudo loans?
5:56
[SPEAKER_00]: And I don't want you to be ashamed because there's a lot of people who are like, you know what?
5:59
[SPEAKER_00]: Isn't deferment or I'm paying their bare minimum or I haven't paid nothing on it at all.
6:06
[SPEAKER_00]: There's a million family members.
6:08
[SPEAKER_00]: Congratulations, family, we hit that million.
6:10
[SPEAKER_00]: But there's a million family members on this channel who want to get better with their finances, get out of consumer debt, and start really building wealth.
6:20
[SPEAKER_00]: And we're going to be here to help each other on this journey to get to financial freedom, to get to the goals that we desire.
6:28
[SPEAKER_00]: because that's what we do in this community.
6:30
[SPEAKER_00]: We face our financial reality together and we're going to help each other together get to the end row, which is financial freedom.
6:41
[SPEAKER_00]: So I want to break down.
6:44
[SPEAKER_00]: If you haven't noticed, I'm starting to really present the problem.
6:49
[SPEAKER_00]: break it all the way down so that you are educated about it and then give you solutions in hope.
6:55
[SPEAKER_00]: So I want to break down exactly how this system works because knowledge is power and you need to understand what you are going to be up against if you are in this.
7:06
[SPEAKER_00]: All right, first, what does the fault actually mean?
7:14
[SPEAKER_00]: Some of you are probably saying, Anthony, I know what default actually means, but believe or not, y'all, there's a lot of people who do not really understand how the system works.
7:24
[SPEAKER_00]: If you haven't made a payment on your federal student loan for 270 days, that's about nine months, you're officially in default.
7:34
[SPEAKER_00]: Not just behind, not just late.
7:37
[SPEAKER_00]: You are in default.
7:40
[SPEAKER_00]: you are late if you're 30 days.
7:43
[SPEAKER_00]: You are behind if you're 60 to 90 days.
7:47
[SPEAKER_00]: Well, once you get past that nine month mark, you are officially in default.
7:55
[SPEAKER_00]: You see, the treasurer offset program restarted in May of 2025 at the being paused during the pandemic.
8:01
[SPEAKER_00]: Here's how it works.
8:03
[SPEAKER_00]: When you file your taxes expecting a refund, instead of that money going to your bank, it goes directly to pay your default hit student loans.
8:12
[SPEAKER_00]: Now, watch this.
8:14
[SPEAKER_00]: There are supposed to send you a 60 day notice before they take your refund.
8:20
[SPEAKER_00]: But here's a problem.
8:21
[SPEAKER_00]: Many people do not check their mailbox.
8:25
[SPEAKER_00]: Can we be real?
8:27
[SPEAKER_00]: Can we be transparent here on the show?
8:29
[SPEAKER_00]: How many of us?
8:30
[SPEAKER_00]: Because I'm guilty of this in the past.
8:32
[SPEAKER_00]: How many of us say, I'm not going to the mailbox today, because I know it's nothing but bills in there.
8:36
[SPEAKER_00]: There's no checks in there.
8:37
[SPEAKER_00]: There's no letters from a loved one in there.
8:41
[SPEAKER_00]: Only thing that comes in the mailbox are bills.
8:43
[SPEAKER_00]: And now I just don't want to be bothered with bills.
8:45
[SPEAKER_00]: I don't have a bad deal.
8:46
[SPEAKER_00]: Wait, my kids don't piss me off, my spouse is tripping.
8:50
[SPEAKER_00]: I don't need any more stress.
8:53
[SPEAKER_00]: So we ignore these letters because we refuse to go to our mailbox.
9:00
[SPEAKER_00]: We're scared to open it.
9:02
[SPEAKER_00]: We're scared of face reality or watch this.
9:05
[SPEAKER_00]: Some of us moved and we honestly never did a of forward to our new art address.
9:11
[SPEAKER_00]: So we never received it.
9:14
[SPEAKER_00]: Let me be very, very clear with you right now.
9:18
[SPEAKER_00]: The government doesn't care.
9:21
[SPEAKER_00]: how stressful your day has been, how stressful your life has been.
9:26
[SPEAKER_00]: The government can't be real with you, respectfully saying it's about a government.
9:29
[SPEAKER_00]: They don't care nothing about your groceries, your rent, or your children's need.
9:35
[SPEAKER_00]: Let's be real.
9:36
[SPEAKER_00]: They want their money.
9:39
[SPEAKER_00]: Before the pandemic, the average tax refund, Caesar, I think was right around $1800.
9:44
[SPEAKER_00]: That's where rent,
9:50
[SPEAKER_00]: That's someone's car payment.
9:53
[SPEAKER_00]: That's a month, two, three months.
9:55
[SPEAKER_00]: Sometimes even form us of groceries for families.
10:02
[SPEAKER_00]: And I don't wanna remember this correctly.
10:06
[SPEAKER_00]: Here's what makes this even more devastating.
10:10
[SPEAKER_00]: They could take your earned income tax credit and your child tax credit too.
10:16
[SPEAKER_00]: These are credits specifically
10:21
[SPEAKER_00]: And family's with children, but if you're in default, the government automatically considers that their money, not yours, not your family.
10:38
[SPEAKER_00]: I hope you all really understand this.
10:41
[SPEAKER_00]: I hope that if this applies to you, that you're not overlooked in this, that you're not,
10:49
[SPEAKER_00]: store I'm looking for that you're not going to skip over this because I have good news.
10:56
[SPEAKER_00]: I have good news.
10:59
[SPEAKER_00]: God has commissioned us to bring and to spread the good news so I just can't bring uncomfortable news without bringing the good news.
11:10
[SPEAKER_00]: So I'm going to be a close attention
11:19
[SPEAKER_00]: There are three clear paths to get out of this situation.
11:23
[SPEAKER_00]: And none of them require you to borrow money or to go deeper into debt.
11:29
[SPEAKER_00]: Okay?
11:30
[SPEAKER_00]: None of them.
11:32
[SPEAKER_00]: None of them.
11:32
[SPEAKER_00]: None of them.
11:33
[SPEAKER_00]: You know, I'm still in my help, Jenny.
11:39
[SPEAKER_00]: So I'm drinking cucumber, kale, celery, lemon, and apples this morning.
11:47
[SPEAKER_00]: Um, my barber sells these man black on man.
11:50
[SPEAKER_00]: I was going to another place, but my barber launched his juicing company.
11:54
[SPEAKER_00]: So I support him.
11:56
[SPEAKER_00]: And so you all going to see more of these on the show.
11:58
[SPEAKER_00]: I don't know.
12:00
[SPEAKER_00]: Uh, you know, uh, if you're in a DMV area, man, uh, check out my barber way too sharp.
12:07
[SPEAKER_00]: Um, he's often on my Instagram, uh, that they're doing some great things.
12:09
[SPEAKER_00]: He didn't pay me for that, but the juices are good.
12:11
[SPEAKER_00]: And you know, I'm supportive black on businesses.
12:13
[SPEAKER_00]: All right.
12:14
[SPEAKER_00]: Uh, but
12:15
[SPEAKER_00]: I'm going to give you three ways to do this.
12:18
[SPEAKER_00]: And I'm going to be dropping some links inside of the show notes that will help you that our solid resources and solid companies for you to check out because option one is sometimes, I know sometimes I'm going to say this correctly before I say this.
12:34
[SPEAKER_00]: I've never endorsed and get new debt, but I will endorse refinancing your debt.
12:40
[SPEAKER_00]: right to get a lower interest rate.
12:43
[SPEAKER_00]: So option one is loan rehabilitation.
12:46
[SPEAKER_00]: This is the best option for repairing your situation.
12:50
[SPEAKER_00]: Here's how it works.
12:52
[SPEAKER_00]: You agreed to make nine on-time payments within 10 months.
12:57
[SPEAKER_00]: These payments are based on your income often as low as $5 to $50 a month, right?
13:03
[SPEAKER_00]: And here's a beautiful part about this.
13:05
[SPEAKER_00]: And once you complete the loan rehabilitation, the default is completely removed from your credit report.
13:12
[SPEAKER_00]: It's like it never even happened.
13:13
[SPEAKER_00]: Your credit score can jump 50 to 100 points overnight.
13:18
[SPEAKER_00]: And what I love about that is if you all partner with, if you do that, and then also, if you go check out my friends at Dobley, they'll even tell you how to get another 34 to 84 points as a matter of fact,
13:32
[SPEAKER_00]: Check this out.
13:33
[SPEAKER_00]: What's going to happen?
13:34
[SPEAKER_00]: I want to thank my friends who are doubly for sponsoring today's episode.
13:38
[SPEAKER_00]: You see, with rising rent, inflation and high interest rates, your credit score matters more than ever.
13:44
[SPEAKER_00]: Whether you are trying to buy a home or just qualify for an apartment, it all starts, honestly, having good credit.
13:53
[SPEAKER_00]: You see, this is where my friends and dogly AI comes in.
13:56
[SPEAKER_00]: Watch this.
13:57
[SPEAKER_00]: It's a 100% free app that helps you build, fix, monitor, and even protect your credit with no confusion and no stress.
14:04
[SPEAKER_00]: Just smart AI power support that works when
14:08
[SPEAKER_00]: 100% consumer debt rate.
14:10
[SPEAKER_00]: EWI helps you build credit fast, helps you fix errors quickly, and stay protected with weekly updates, real time alerts.
14:18
[SPEAKER_00]: And here's the best part about it.
14:20
[SPEAKER_00]: A $1 million ID theft insurance policy.
14:24
[SPEAKER_00]: Here's what I love about.
14:25
[SPEAKER_00]: On average, users are saying about 34 points.
14:28
[SPEAKER_00]: Go up when it comes to your credit before.
14:30
[SPEAKER_00]: No credit card required.
14:31
[SPEAKER_00]: And premium members average in 82 points boost on their credit score.
14:36
[SPEAKER_00]: The better your score, the more you say.
14:39
[SPEAKER_00]: And the more you get approved.
14:41
[SPEAKER_00]: Listen, I need you to go check out my friends over at
14:52
[SPEAKER_00]: If you're tired of hearing no, because I regretted scores, it's time to take control with my friends.
14:57
[SPEAKER_00]: We'll check them out right now, and let's get back to today's show.
15:01
[SPEAKER_00]: So I need y'all to go and check out Dovely.
15:03
[SPEAKER_00]: Dovely AI has been absolutely amazing.
15:06
[SPEAKER_00]: And if you can do it along her rehabilitation, get your points up with that, and then add on Dovely to get you some more points at it.
15:14
[SPEAKER_00]: Now we're looking at what I 100 points at it.
15:16
[SPEAKER_00]: Now you're in a 700, 800 regretted score.
15:23
[SPEAKER_00]: Long consolidation.
15:25
[SPEAKER_00]: This is the honestly one of the I've been doing my research because I've been like I want to make sure I'm saying this correctly, but this is the valid option
15:34
[SPEAKER_00]: This, this is a valid, a valid option.
15:37
[SPEAKER_00]: You have two choices here.
15:38
[SPEAKER_00]: Either make three consecutive payments on your defaulted loan, agree to an income-driven repayment plan.
15:46
[SPEAKER_00]: Once you do either of these, you're immediately out of the default.
15:50
[SPEAKER_00]: What's the downside?
15:51
[SPEAKER_00]: The default state's on your credit before, but your loan becomes current.
15:55
[SPEAKER_00]: So it's gonna show that you were 1690, 120 days late, but,
16:02
[SPEAKER_00]: you are going to get it back.
16:04
[SPEAKER_00]: Now here's what I do love.
16:06
[SPEAKER_00]: This is why I suggest going to dobly go to anthonyo.com for ssdobly because if you do this, this is going to be the fastest and the quickest and most valuable option I think for some people is because you can get your payment back on current.
16:25
[SPEAKER_00]: The late pay will be there, but doubly can come in and help you somewhere dispute that legally ethically, right?
16:31
[SPEAKER_00]: And also, they can put a line item for free on your credit report.
16:36
[SPEAKER_00]: And if you do their premium thing, it's like 15, 20 bucks, which is a valid option, right?
16:42
[SPEAKER_00]: And you're not borrowing any money.
16:44
[SPEAKER_00]: But now you're adding something positive on your credit report.
16:46
[SPEAKER_00]: Now let me pause right there because I know some of you all think like what Anthony, whoa, whoa, whoa, whoa, whoa, I thought you said no debt, listen.
16:53
[SPEAKER_00]: everything is about a strategy.
16:56
[SPEAKER_00]: Everything is about a strategy.
16:57
[SPEAKER_00]: I'm going to say one more time, everything is about the strategy.
17:01
[SPEAKER_00]: I know in the past I said a credit score means nothing and a credit score truly does mean nothing if you're not going to find it at something.
17:08
[SPEAKER_00]: But what I have learned is even for my own myself.
17:13
[SPEAKER_00]: is that when I first opened up my, not opened up, when I first got my car insurance, but I was paying crazy money because I had no credit score.
17:21
[SPEAKER_00]: I had no lot in items.
17:23
[SPEAKER_00]: Now when I put my mortgage is on my credit report, and then when I put Dovely on there, my credit score jumped up to 800.
17:31
[SPEAKER_00]: When I went to get new car insurance, my premium job 50%.
17:35
[SPEAKER_00]: I didn't rack up any debt, no consumer debt at that.
17:42
[SPEAKER_00]: Dovly put something positive on my credit report and I've got to 800 and I'm not borrowing any money, it just makes sense.
17:51
[SPEAKER_00]: So using a free tool, put my credit score up by like 60 70 points and that saved me from my particular cars.
18:02
[SPEAKER_00]: Almost $5,6,000 a year.
18:05
[SPEAKER_00]: Oh, please.
18:06
[SPEAKER_00]: Yes.
18:07
[SPEAKER_00]: Yes.
18:08
[SPEAKER_00]: Check them out.
18:08
[SPEAKER_00]: They'll be in a show notes.
18:10
[SPEAKER_00]: Here's option number three, make a full payment.
18:16
[SPEAKER_00]: A lot of you are watching this or not in the position to make a full payment towards the student loans because the average student loan debt is going to be in between $40 and $60,000 with some people saying far north of six figures.
18:26
[SPEAKER_00]: But if you have the money, maybe from an inherited check, a settlement, or maybe you just been saving, you can pay the entire balance and clear the default immediately.
18:38
[SPEAKER_00]: And that's just another way to where if it's damaging your credit report, you can honestly go in and say, hey, you know what?
18:44
[SPEAKER_00]: If I make this payment in full, can you all remove my late pays in negotiate?
18:47
[SPEAKER_00]: Listen man, learn how to negotiate.
18:51
[SPEAKER_00]: Learn how to ask people like they went there money and I've seen it happen.
18:56
[SPEAKER_00]: Not everyone is going to do it.
18:57
[SPEAKER_00]: I'm going to be honest with you because I worked in the collection agency.
18:59
[SPEAKER_00]: That was my first official real nine to five job, right?
19:04
[SPEAKER_00]: But sometimes, and then we say this, if you're in default and you have a lump
19:14
[SPEAKER_00]: always.
19:15
[SPEAKER_00]: Don't call them in the first week two weeks because they're not going to go shape with you because they're trying to get all their money.
19:21
[SPEAKER_00]: And remember, once you're in default, whoever's collecting on that, they get a commission on what they collect.
19:31
[SPEAKER_00]: So if you have a large lump sum of money to where you can settle it up, settle it out, pay it off in full weight to the last three months.
19:37
[SPEAKER_00]: So you can really negotiate.
19:39
[SPEAKER_00]: They're probably
19:44
[SPEAKER_00]: I say you have a 50% likelihood of them a negotiating with you to get this removed negatively off of your credit report.
19:52
[SPEAKER_00]: So I wanna walk you through a real example, a real example.
19:57
[SPEAKER_00]: Let's say you have $25,000 and defaulted student loans.
20:02
[SPEAKER_00]: Watch this.
20:03
[SPEAKER_00]: With rehabilitation, you might pay 35 a month for nine months.
20:08
[SPEAKER_00]: That's $315 total to get out of default.
20:12
[SPEAKER_00]: Then, you will continue with the affordable payments based on your income.
20:18
[SPEAKER_00]: With consolidation, you might make three payments of $50 each.
20:23
[SPEAKER_00]: They move on to income-driven plans that could be as low as, sometimes, $0 per month if your income qualifies.
20:35
[SPEAKER_00]: Now, this does not.
20:45
[SPEAKER_00]: I don't say this.
20:47
[SPEAKER_00]: I am not saying skip the the debt snowball, which is in the phase phase two of our escape plan.
20:58
[SPEAKER_00]: All of this should still be in phase two of the escape plan using the debt snowball to get out of debt.
21:05
[SPEAKER_00]: Your money is sitting in a regular savings, making pennies while inflation is eating an inch.
21:11
[SPEAKER_00]: Wow.
21:11
[SPEAKER_00]: That emergency fund that vacation money you've been stashing away, it should be working for you, not just sitting there.
21:20
[SPEAKER_00]: Here's the interest rates change, every single one, and most people have no clue if they're missing out on some serious money.
21:29
[SPEAKER_00]: Every single day, we update our lives of high, yield, saves the count that are in the best so that your money makes more money while you work it while you're sleeping.
21:40
[SPEAKER_00]: We're talking about turning your savings into a well-building machine.
21:44
[SPEAKER_00]: Don't let your hard-earned dollars stay lazy, which is visit anthonyonio.com for slash savings right now and see which high-year savings account will put the most money back in your pocket today.
21:59
[SPEAKER_00]: Listen, put anthonyonio.com for slash savings,
22:11
[SPEAKER_00]: But again, there's a strategy, there's a system.
22:13
[SPEAKER_00]: While you're working the debt snowball, you're going to line up all you debt from smallest of large bits when it comes to payments, right?
22:19
[SPEAKER_00]: And you'll make the minimum payments on each.
22:21
[SPEAKER_00]: Right now, we want to get the negative things off your credit ported this you.
22:25
[SPEAKER_00]: Right now, we want to get you out of IRS trouble if this is you.
22:29
[SPEAKER_00]: So we're still working the debt snowball, but I do not want your wages, garnish.
22:33
[SPEAKER_00]: I do not want you to get to your income tax return.
22:37
[SPEAKER_00]: That some of you are using to get out of debt
22:41
[SPEAKER_00]: So we're going to use the system, get it into good standings, but we're still having it inside of our desk, no bow.
22:49
[SPEAKER_00]: Listen, listen, listen, listen.
22:50
[SPEAKER_00]: If this is helping you see a way out of this trap, if this is educating you and giving you some information to think about for the next 90 days, do me a quick favor if you're watching this on YouTube, hit the thumbs up y'all.
23:03
[SPEAKER_00]: And if you're new to the family man, we just crossed over a million family members here on YouTube.
23:08
[SPEAKER_00]: And I'm so grateful if you're not a part of this family, we would love to invite you to be a part of this family.
23:12
[SPEAKER_00]: Please hit that subscribe button.
23:14
[SPEAKER_00]: Because we're building a community of people who refuse to say trapped in debt, who refuse to pay the IRS more than what they deserve, who refuse to stay in the red but get into the black.
23:25
[SPEAKER_00]: And I would love to see your part of this family if you are not.
23:29
[SPEAKER_00]: But if you are, just hit that thumbs up button and let me know in the comment section how you're lacking it today.
23:33
[SPEAKER_00]: All right.
23:33
[SPEAKER_00]: Now, I want to talk to specifically my believers, who are watching this today.
23:43
[SPEAKER_00]: One of the things I've really been convicted about is stewarding this platform, and stewarding this message even better, and making sure that I'm bringing awareness to my Christian people, because I teach financial literacy from a biblical perspective.
23:59
[SPEAKER_00]: Because honestly, this is not just about money.
24:02
[SPEAKER_00]: This is about freedom.
24:04
[SPEAKER_00]: You see, Proverbs 22 verse 7 tells us that the bar where it's slay to the lender.
24:09
[SPEAKER_00]: But our God is a God of freedom, not bondage.
24:12
[SPEAKER_00]: He promises in 1 Corinthians chapter 10 verse 13 that He will provide a way out of every trap that we face.
24:23
[SPEAKER_00]: You see, you're stood alone dead and your student loan default isn't just about you.
24:27
[SPEAKER_00]: It is about the financial freedom, you're either passing down or passing up to your children.
24:34
[SPEAKER_00]: when we are trapped in default.
24:38
[SPEAKER_00]: When we have tax refunds that are being seized, when we're living in financial fear and in financial bondage, the stress doesn't just affect us, and I'm saying us because I'm a part of this too, and I've been there before.
24:55
[SPEAKER_00]: The stress affects our family, the stress affects our children,
25:07
[SPEAKER_00]: Can I be real with you?
25:13
[SPEAKER_00]: Let me tell you why this message is so important to me.
25:17
[SPEAKER_00]: And why, when I say this affects your family, one of the very first images I'll remember as a little kid, and when I say this one say this correctly, one of the very first images in my head that I can ever remember.
25:36
[SPEAKER_00]: It was not a, it wasn't of my dad throwing me up and catching me.
25:42
[SPEAKER_00]: It wasn't because I was smelling, looking at my mom, one of the very first images that I remember as a little kid was seeing my mom and an apartment that was probably 400 square feet with my mom and my other father and me.
26:03
[SPEAKER_00]: And I think my mom told me at that time, I was like, maybe four or five years old.
26:07
[SPEAKER_00]: I, when I remember looking up, I was on the floor, playing with my toys and I looked up, my mom was sitting at the table.
26:17
[SPEAKER_00]: And all I see was sheets of paper on the table, and my mom had her face in the hands crying.
26:27
[SPEAKER_00]: And I remember that image, because that was the first time I can ever remember.
26:33
[SPEAKER_00]: My mom's face, and the very first image that I remember was my mom over sheets of paper, crying, and as I got older, and I asked my family what was that, my mom said bills.
26:52
[SPEAKER_00]: We had just moved to California, we were a family living in a four or five hundred square
27:05
[SPEAKER_00]: Some of y'all think, well, Anthony, how does that impact you?
27:07
[SPEAKER_00]: How does that bring stress on to you?
27:09
[SPEAKER_00]: Because one of my first childhood memories was not of fun and laughter and joy and peace.
27:16
[SPEAKER_00]: It was seeing my family embodied.
27:24
[SPEAKER_00]: Your kids should not see that.
27:27
[SPEAKER_00]: But let's be honest, how many of our kids see this dress?
27:31
[SPEAKER_00]: How many of our kids are not taught the financial lessons that they need?
27:38
[SPEAKER_00]: How many of our kids are not being taught how to take control of their finances at any time, which is exactly why.
27:44
[SPEAKER_00]: I'm an HBCU professor teaching financial literacy and consumer economics at Virginia University.
27:49
[SPEAKER_00]: This is exactly why.
27:51
[SPEAKER_00]: I'm going back to school to get my doctorate at Regent University.
27:55
[SPEAKER_00]: This is exactly why.
28:02
[SPEAKER_00]: because I can't get rid of the images, but I can help get rid of stress.
28:08
[SPEAKER_00]: And if I can help you, mom, help you, dad.
28:12
[SPEAKER_00]: change your finances.
28:13
[SPEAKER_00]: It's going to change all of us.
28:16
[SPEAKER_00]: It's going to impact not just us, but it's going to impact our children.
28:20
[SPEAKER_00]: It's going to impact our children's children because if we can change the narrative for our children, then our children will change the narrative and present a different narrative to their kids that never see them in stress.
28:30
[SPEAKER_00]: But we have to take control of our finances.
28:35
[SPEAKER_00]: because when you take control, when you face this head on and get financially free, you're not just changing your life, you're changing your family's treat, you're changing the children's children's children that you'll probably never meet, but they will be impacted by our decision today.
28:53
[SPEAKER_00]: We're breaking generational churches of, not lawing, Jesus, I'm getting excited.
28:58
[SPEAKER_00]: We're breaking generational cycles and curses of financial bondage.
29:07
[SPEAKER_00]: I want to tell you about one of our community members and I'm a change her name to let's say Michelle, not Michelle that's on our team.
29:15
[SPEAKER_00]: Michelle just period, right?
29:18
[SPEAKER_00]: Two years ago, she was in default on $43,000 in the longs.
29:23
[SPEAKER_00]: She was ashamed, she was scared, she was avoiding the problem.
29:28
[SPEAKER_00]: Her tax refund had been seized two years in a row.
29:33
[SPEAKER_00]: Michelle did it.
29:35
[SPEAKER_00]: But Michelle decided enough was enough.
29:39
[SPEAKER_00]: She reached out to me and she said, A.O.
29:41
[SPEAKER_00]: what, what are some of the options?
29:42
[SPEAKER_00]: And I told her, you could do the rehabilitation and rehabilitation process.
29:48
[SPEAKER_00]: She looked into it, made non-payments faithfully, and got completely out of the fall.
29:55
[SPEAKER_00]: When she got out of the fall, she still incorporated my escape plan.
30:00
[SPEAKER_00]: And some of y'all said, what's this escape plan?
30:02
[SPEAKER_00]: Well, that's my, my money lessons.
30:05
[SPEAKER_00]: And we're going to be dropping this here soon.
30:08
[SPEAKER_00]: But what I've been doing is teaching is to different people just making sure that it's right and polishing it.
30:14
[SPEAKER_00]: But I walked her through my escape plan.
30:17
[SPEAKER_00]: Her and actually her and her now fiancee.
30:20
[SPEAKER_00]: Today, she's 100% consumer debt-free.
30:23
[SPEAKER_00]: Owns her home and is teaching her children.
30:30
[SPEAKER_00]: Michelle told me, I realized that my student loan default wasn't just stealing my money.
30:36
[SPEAKER_00]: It was still in my peace.
30:37
[SPEAKER_00]: It was still in my sleep.
30:39
[SPEAKER_00]: It was making me not effective as a mother, as a fiance.
30:44
[SPEAKER_00]: And I did not like that.
30:47
[SPEAKER_00]: And when I got on, you're a skate plan.
30:49
[SPEAKER_00]: I realized that I can have the financial freedom that I desire.
30:57
[SPEAKER_00]: Let me calm down because I told you I'm not going to be yelling at you, but as we're coming to a close and end of this particular show, your student-owned situation isn't a reflection of your worth or your faith, it's simply a problem that needs a solution and today you're getting that.
31:19
[SPEAKER_00]: I want to walk you through as I close this show, I like to give you actionable steps, actionable
31:27
[SPEAKER_00]: in every single show.
31:28
[SPEAKER_00]: Okay, and in the next seven days, I need you to do four things.
31:34
[SPEAKER_00]: Some of one, log into your student loan account online.
31:38
[SPEAKER_00]: Or call your loan servicer.
31:41
[SPEAKER_00]: You need to know exactly where you stand, ask some questions.
31:44
[SPEAKER_00]: Hey, am I IndyFault?
31:49
[SPEAKER_00]: How much do I owe?
31:50
[SPEAKER_00]: What is the interest on?
31:51
[SPEAKER_00]: You need to get all of the information.
31:53
[SPEAKER_00]: Two, from there, you need to determine and you need to be very direct with yourself, are you IndyFault, or are you just, or are you just behind in payments?
32:05
[SPEAKER_00]: There's a big difference, okay?
32:07
[SPEAKER_00]: Remember default is what?
32:09
[SPEAKER_00]: Nine months.
32:10
[SPEAKER_00]: The high and the late, still bad, but you're not in default.
32:15
[SPEAKER_00]: Because your options would depend on that status.
32:18
[SPEAKER_00]: Number three, excuse me, if you're in default, or I'm glad this, let me do this one number three.
32:25
[SPEAKER_00]: If you're not in default,
32:27
[SPEAKER_00]: Request and income-driven repayment application immediately.
32:32
[SPEAKER_00]: This could lower your payments to as little zero dollars per month for some of you all.
32:36
[SPEAKER_00]: This still is going to be inside of your debt snowball, but we want to get you back into the positive and not hurting your credit report.
32:44
[SPEAKER_00]: Now, number four, if you are and default, ask specifically about rehabilitation options or any options that they have to get you backing good standings with their particular servicing company.
32:58
[SPEAKER_00]: I want to be honest with you, I need you to stand firm because as a former bill collector, my first job is to not put you into an easy program.
33:07
[SPEAKER_00]: My first job as on this side of the phone is to get you to pay the full amount.
33:13
[SPEAKER_00]: So I don't want you to feel pressure into doing that because sometimes I'm going to tell you hey, go borrow the money, hey, go, go be here and ask the company, refine, just pay us off.
33:23
[SPEAKER_00]: No, no.
33:24
[SPEAKER_00]: Listen, don't feel pressured to do something that you cannot do.
33:29
[SPEAKER_00]: Tell them, hey, this is where I'm at.
33:31
[SPEAKER_00]: This is my budget.
33:33
[SPEAKER_00]: What can we do within my budget?
33:35
[SPEAKER_00]: Don't let them pressure you into anything else.
33:41
[SPEAKER_00]: Now, here's your 30 day goals.
33:44
[SPEAKER_00]: Complete your rehabilitation application or consolidation paperwork.
33:49
[SPEAKER_00]: Don't procrastinate on this, you guys.
33:51
[SPEAKER_00]: The next nine days are depending on how quickly and effective and intentional you move.
33:59
[SPEAKER_00]: These are the things that you want to go ahead and set up automated payments on to ensure you never miss a payment again because if they give you another shot with one of those programs, you cannot afford to do it because after that you're going into default and they're going to require you to pay it all the front and there goes some senior collections and you're done.
34:19
[SPEAKER_00]: update your contact information with all your loan services so you don't miss important notices.
34:26
[SPEAKER_00]: A lot of them now, which for me, I opt out of mail, send me an email.
34:32
[SPEAKER_00]: I get emails daily.
34:34
[SPEAKER_00]: And I would like to see what my bills are.
34:36
[SPEAKER_00]: I get my light bills on via email.
34:39
[SPEAKER_00]: I get my electricity bill via email.
34:41
[SPEAKER_00]: I get my mortgage payments via email.
34:43
[SPEAKER_00]: Like I want all that via email.
34:45
[SPEAKER_00]: So that way, they can have access to me quickly.
34:51
[SPEAKER_00]: That's super important.
34:55
[SPEAKER_00]: Now, your 90-day target is to make your first rehabilitation payment or complete your consolidation process.
35:03
[SPEAKER_00]: Now, I need you to create a small emergency fund.
35:10
[SPEAKER_00]: So you're never caught off guard again.
35:12
[SPEAKER_00]: Remember when I teach inside this gay plan, I no longer believe in just having $1,000 for expenses, for emergencies in the beginning.
35:21
[SPEAKER_00]: Now I need you to have at least one month of net pay.
35:24
[SPEAKER_00]: So I know some of you are all thinking what Anthony, I'm gonna do some hard times.
35:29
[SPEAKER_00]: Cool great.
35:29
[SPEAKER_00]: Open up a high-year savings account.
35:31
[SPEAKER_00]: We'll put some options down there below.
35:33
[SPEAKER_00]: Hey, if you could just put $500 in there right now, do it.
35:38
[SPEAKER_00]: Do it.
35:40
[SPEAKER_00]: Do it.
35:42
[SPEAKER_00]: Then I need you to get on the death snowball.
35:45
[SPEAKER_00]: I need you to get in phase two of this gay plan.
35:48
[SPEAKER_00]: And I know your probably is an Anthony, he keeps saying that's gay plan.
35:50
[SPEAKER_00]: We ain't gonna teach us this escape plan.
35:52
[SPEAKER_00]: It's coming.
35:53
[SPEAKER_00]: I just really want to make sure that our policy is doing correctly.
35:57
[SPEAKER_00]: I got some of my professors looking at it.
35:59
[SPEAKER_00]: I just want to make sure that I'm on it because once I put it out there, I gotta stick to this for the rest of my life, but it's gonna be transformational, but let me say this.
36:10
[SPEAKER_00]: I need you to add this to your death snowball and stay to it.
36:20
[SPEAKER_00]: I need you to write those steps down.
36:22
[SPEAKER_00]: If you skipped over and you didn't write them down, hey, pause it and rewind.
36:29
[SPEAKER_00]: Because I've seen families over the last two years since I've been writing out this plan, go from complete financial drama.
36:37
[SPEAKER_00]: to total financial freedom by following this plan.
36:48
[SPEAKER_00]: And I want to remind you all, man, I, there's going to be a lot of, I want to say changes, but a lot of improvements to not just this particular show, but even your experience.
36:59
[SPEAKER_00]: And we're going to be announcing something here in November.
37:02
[SPEAKER_00]: That's going to bring us all together to where all of our community members can talk even together because I want to make sure that our community doesn't have to go through their financial situation alone.
37:15
[SPEAKER_00]: I want our community to be here for each other.
37:19
[SPEAKER_00]: I want to create a space where you can ask questions and maybe I can't answer all of you all, well, I know I can't because we got a million of our community members just on YouTube, right?
37:31
[SPEAKER_00]: But we have other people in our community members who are going through the same thing as you, that can give you some solid answers, that can answer your questions, that can give you wisdom.
37:42
[SPEAKER_00]: I want people to see progress.
37:44
[SPEAKER_00]: I want us to encourage each other.
37:47
[SPEAKER_00]: So listen, I'm super excited about where we're going and what's going on.
37:56
[SPEAKER_00]: But I really need you to take heed to this that if you have student loans, that if you are even considering not paying your student loans, I let it in that goal,
38:13
[SPEAKER_00]: Don't do it.
38:16
[SPEAKER_00]: One thing I do not play with.
38:18
[SPEAKER_00]: I don't play with the IRS.
38:20
[SPEAKER_00]: We got to notice from now a couple of months ago.
38:22
[SPEAKER_00]: I called my CPA and my CFO and I said, hey, listen, we, you have no new, we in playing with this one.
38:33
[SPEAKER_00]: No, okay, let's just cut the check.
38:36
[SPEAKER_00]: And it sucked.
38:37
[SPEAKER_00]: It sucked, cause I didn't see this.
38:40
[SPEAKER_00]: She did everything right.
38:41
[SPEAKER_00]: She said, hey, we need to just go ahead and pay it.
38:44
[SPEAKER_00]: We can dispute it, but it's a lot of money, but it's not a whole lot of money.
38:49
[SPEAKER_00]: And I just whether you just cut the check and be in good graces with them, I said, okay.
38:54
[SPEAKER_00]: I don't want to be the money guy and have this issue.
38:58
[SPEAKER_00]: So we fixed it.
39:01
[SPEAKER_00]: We fixed it.
39:02
[SPEAKER_00]: Let's send family, do not play with this.
39:08
[SPEAKER_00]: So listen, comment below.
39:11
[SPEAKER_00]: Let me know below if you enjoyed today's show.
39:13
[SPEAKER_00]: Thank you all so much for being part of this amazing community.
39:17
[SPEAKER_00]: We're going to put the article down as well where they're talking about this.
39:21
[SPEAKER_00]: So that way you all can see it.
39:24
[SPEAKER_00]: And one thing I really want to do moving forward is give you all more information to where you can go study for yourself,
39:38
[SPEAKER_00]: knowledge is power and the last thing I want is for you to see your income tax going because tax reformed seizures are coming for anyone and student loan debt and student loan default.
39:55
[SPEAKER_00]: So this is a boy Anthony O'Neill, make sure to hit that thumbs up button, check the show notes where you're listening to this on podcast with watching this on YouTube.
40:03
[SPEAKER_00]: We have some good resources and good companies that can help you.
40:07
[SPEAKER_00]: One, get your credit fixed without borrowing any money to get you some good savings accounts and then three, help you even refinance some of your student loans.
40:17
[SPEAKER_00]: All right, so it's your boy Anthony O'Neill.
40:19
[SPEAKER_00]: Thank you so much for being part of this community and watching this show to the very end.
40:23
[SPEAKER_00]: We'll see you in the next show.
40:24
[SPEAKER_00]: Peace out.