Bankruptcy may be a taboo subject in personal finance, but it can be a necessary option for those facing overwhelming debt. Attorney Mitchell Dickson and bankruptcy specialist Nicole Duhon demystify the bankruptcy process and help listeners understand who should consider this path.

• Chapter 7 bankruptcy involves the liquidation of assets and is typically for those with lower incomes needing a fresh start
• Chapter 13 creates a 3-5 year repayment plan allowing individuals to keep homes and vehicles while paying what they can afford
• Most bankruptcies result from traumatic life events like divorce, death, medical issues, or disabilities – not financial irresponsibility
• Making only minimum payments on credit cards for years or falling behind on mortgages/car payments are red flags that bankruptcy might be appropriate
• The bankruptcy process typically involves three meetings with an attorney and one court appearance (now usually via Zoom)
• After filing, the "automatic stay" immediately protects from creditor actions like garnishments, foreclosures, and repossessions
• Bankruptcy doesn't mean losing everything – secured debts can be maintained if payments continue
• Credit unions often close accounts of members who discharge debts through bankruptcy, especially if the institution suffers a loss
• Recovery is possible – with responsible credit usage post-bankruptcy, financial healing can happen relatively quickly
• Free consultations with bankruptcy attorneys provide confidential, personalized information with no obligation to file

If you're considering bankruptcy, schedule a free consultation with a qualified bankruptcy attorney to receive professional advice tailored to your specific situation. Bankruptcy can be a financial reset rather than a financial death sentence.

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Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

The world of college athletics transformed when Name, Image, and Likeness (NIL) deals became permissible for student-athletes in 2021, creating unprecedented opportunities for young athletes to monetize their personal brands. Taylor Jacobs, Associate Athletic Director of NIL and Strategic Initiatives at LSU, shares insights on how student-athletes can prepare for and navigate the complex NIL landscape.

• Parents should help student-athletes identify their passions and strengths early to build marketable personal brands
• Social media presence is crucial - 99% of NIL deals include at least one social media component
• Student-athletes must treat their social media profiles as business platforms representing their personal brand
• Financial literacy is essential - LSU implements comprehensive programs to help athletes manage sudden wealth
• Athletes should use a three-bucket approach to money management: general savings, tax savings, and goal-specific savings
• Consistency in NIL regulations across states would create a more equitable environment for all student-athletes
• The collegiate sports landscape continues to evolve rapidly with the recent implementation of revenue sharing

Ask your athlete what they know about NIL and how it might impact them. Check their social media to ensure it's professional and brand-safe for future opportunities. Discuss posts, attitudes, and behaviors that could hurt their brand. Practice money management by asking how they would handle sudden income.

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Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Kim Chapman shares five actionable strategies to boost your credit score quickly and effectively. These proven techniques address the key factors that influence your credit rating, helping you qualify for better loans and financial opportunities.

• Pay bills on time as this accounts for 35% of your credit score
• Keep credit utilization below 30% of your available credit limit
• Don't close old accounts as they contribute positively to credit history
• Limit opening new accounts as they can temporarily lower your score
• Check all three credit reports regularly through annualcreditreport.com
• Contact creditors immediately if you can't make payments to discuss options
• Consider speaking with a financial counselor if struggling with debt management

Visit neighborsfcu.org/financial-wellness for more tools to help build a strong financial future and subscribe to the Money Matters podcast for ongoing financial guidance.

Have an idea for a show or a question for Kim? Send us a text message

Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Navigating the complex world of real estate requires expertise and guidance to avoid costly mistakes and maximize your investment potential.

• Understanding the difference between realtors and real estate agents – realtors subscribe to a higher standard with the National Association of Realtors
• The value a realtor brings goes far beyond showing houses – includes negotiation, market analysis, and spotting potential problems
• Using the LOVE framework for home purchases: Location, Offer, Value, and Exit strategy
• What sellers need to know about market timing, property presentation, and proper pricing strategy
• How to select the right realtor through personal referrals rather than relying solely on online reviews
• The importance of starting with pre-approval and knowing your numbers before house hunting
• Common myths about real estate that can lead to financial mistakes
• Why "buying smart" means considering future equity and having a clear exit strategy
• How realtors help both buyers and sellers navigate the emotional aspects of real estate transactions

For real estate consultation, contact Denetria at Denetria@DBclosers.com or 225-223-0499.

Have an idea for a show or a question for Kim? Send us a text message

Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Chef Ann Milneck from Red Stick Spice reveals how to transform inexpensive cuts of meat into flavorful grilled masterpieces through proper techniques and seasoning approaches.

• Chuck steak can rival expensive cuts when using the "reverse searing" method - cooking low and slow before finishing on a blazing hot grill
• Early salting (dry brining) is crucial for all proteins - use 1 teaspoon per pound at least a few hours before cooking
• Always let meat come to room temperature before grilling - cold protein on a hot grill leads to uneven cooking
• Sirloin offers excellent value when properly prepared - try slicing it for Latin-seasoned tacos or grilling it whole
• Handle burger meat gently and create three indentations in the center to prevent shrinking
• Smoked paprika and smoked olive oil add authentic smoky flavor without needing wood chips
• Ground chicken is an overlooked, affordable protein that works well for sliders and tacos
• A quality digital instant-read thermometer is worth the investment to prevent overcooking
• Buy spices in bulk quantities to save money - only purchase what you'll use in six months

Visit Red Stick Spice for cooking classes where you'll learn techniques you can actually replicate at home, with recipes designed for everyday cooking.

Have an idea for a show or a question for Kim? Send us a text message

Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Joseph Long from Relief Heating and Air joins us to discuss how to maintain your AC system during scorching Louisiana summers while keeping energy bills manageable. We explore maintenance essentials, temperature management strategies, and how to determine when it's time to repair versus replace your aging AC unit.

• Annual AC maintenance checks are crucial for maximum efficiency and preventing costly breakdowns
• Air filters should be changed monthly or bi-monthly, with standard pleated filters sufficient for most homes
• Setting thermostats between 75-78 degrees significantly reduces energy consumption
• Smart thermostats offer convenient temperature control and scheduling options
• Warning signs your AC needs attention: unusual noises, constant running, or requiring frequent repairs
• AC systems typically last 10-15 years before replacement becomes more economical than repairs
• Refrigerant should never need recharging unless there's a leak that needs repair
• Keep blinds closed during hot days and minimize opening doors to maintain cool temperatures

For AC service or maintenance in the Louisiana area, contact Relief Heating and Air at 225-244-0520. They offer $95 maintenance services to keep your system running efficiently.

Have an idea for a show or a question for Kim? Send us a text message

Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Our mortgage experts and real estate professional break down what financial readiness truly means for first-time homebuyers and why qualifying for a mortgage doesn't always mean you can afford homeownership.

• Understanding the difference between what you can qualify for versus what you can truly afford
• Warning signs that indicate you may not be ready to buy a home yet
• The importance of budgeting for more than just your mortgage payment
• How credit scores, income stability, and available assets impact your mortgage eligibility
• Common mistakes people make during the pre-approval and mortgage application process
• Different down payment options from 3% to 20%, and when "no money down" loans might be appropriate
• Why you still need cash reserves even with 100% financing options
• The reality of closing costs and what expenses to expect beyond just the down payment
• How to create a sustainable path to homeownership when you have good income but poor credit (or vice versa)
• Why being informed is the best way to avoid expensive mistakes in the homebuying journey

Check your credit score early, get pre-approved before shopping, save for more than just the down payment, and know your real budget by factoring in taxes, insurance and maintenance to avoid becoming house poor.

Visit our guests:
Denetria Burris, Realtor ® Notary Public
Licensed in Louisiana & Mississippi| LPT Realty LLC
Cell: 225-223-0499 | Office: 877-366-2213
Email: denetria@dbclosers.com

Matthew Cloy
Mortgage Loan Originator @ Neighbors FCU
Cell: 225-953-5076
Email: mcloy@neighborsfcu.org

Bridgette White
Vice President of Mortgage @ Neighbors FCU
Email: bwhite@neighborsfcu.org

Have an idea for a show or a question for Kim? Send us a text message

Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Travel experts Cindy Chambers and Tutti Bonacarso from Pearson's Travel share insider tips on planning dream vacations while maximizing value and avoiding common pitfalls.

• Benefits of using a travel agency include personalized service, passport verification, and having a local contact instead of navigating frustrating 1-800 numbers
• Popular 2025 destinations include Italy, London, Scotland, Croatia, and river cruises in Europe
• Book trips from two months to two years in advance—earlier booking allows for monthly payments and better availability
• Common travel mistakes include overplanning and not allowing enough relaxation time
• Travel myths debunked: solo travel can be safe for women, booking on Tuesdays isn't always cheapest
• Travel insurance is essential for international trips—covers medical emergencies, evacuations, and trip interruptions
• Budget travel tips: consider national parks, use public transportation, and book directly with hotels for special discounts
• Watch for travel scams like "too good to be true" deals and suspicious communications after online searches

To book your next adventure with Pearson's Travel, call 225-926-3752 Monday through Friday, 8:30 to 5:30, or stop by their office on Jefferson.

Have an idea for a show or a question for Kim? Send us a text message

Support the show

Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.