Byron Moore, CFP® and Mike Jones

Debt management

Debt - Count the Cost...All of It

By Byron Moore, posted December 11, 2019

The following segment first aired on KEDM 90.3.

Debt comes with a cost; so does paying it off. Learn how to handle both wisely on this week's episode of Wisdom on Wealth.

Click above to play/pause audio.


Transform Your Emergency Fund into an Opportunity Account

By Byron Moore, posted August 14, 2019

The following segment first aired on KEDM 90.3.

How much should you save for emergencies? I discuss this and how best to use those funds on this week's Wisdom on Wealth.

Click above to play/pause audio.


Debt Freedom e-Book

By Byron Moore, posted December 18, 2018


Intra-Family Loans

By Byron Moore, posted October 17, 2018

The following segment first aired on KEDM 90.3.

Could an intra-family loan be the right thing for your family?

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Debt's Destructive Deceit

By Byron Moore, posted September 4, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, September 2, 2018.

You knew debt was bad. bill shock_small.jpg

Maybe worse than you even thought.

But here’s the good news – the thing that makes debt worse than you thought can be the very thing that can make your situation better than you could imagine.

Most of us are familiar with interest rates. That’s what a lender charges a borrower for the privilege of using their money over a period of time. 

So a mortgage company charges a home buyer 4% to borrow money for 30 years to purchase a house. A car buyer may pay a bank 6% over 5 years to buy a car. A shopper pays a credit card company 18% to make consumer purchases. 

Other than the credit cards, most of those interest rates sound pretty low.

But now we need to consider another perspective on interest – interest volume. 

The volume of interest is the amount of interest charged during any specific interval of time. This is not the same as the rate of interest, as we’ll see.

Why You Can't Cram for the Harvest

By Byron Moore, posted June 18, 2018
Originally published in the News Star and the Shreveport Times on Sunday, June 17, 2018.


Most important things in life cannot be crammed.

You remember cramming. It was a skill I learned well in high school.

I would ignore learning any relevant material outside of what was required for day to day academic survival, until an appropriate interval prior to a big test. The interval may be 30 minutes to 24 hours prior to a big test, depending on the teacher. Having procrastinated as long as possible, I would read the high points of the material, perhaps including some Cliff Notes if it was a big test. Usually the items I was seeking to cram into my short-term memory were factoids I had identified by that time-honored method of academic inquiry…asking the teacher, “Is this going to be on the test?”

So cramming works…in some situations, most of which are not very important or beneficial over the long-term.

In fact, cramming is usually a short-term solution that simply delays or anesthetizes a long-term problem.

Elder Abuse - Friends and Family

By Byron Moore, posted June 11, 2018
Originally published in the News Star and the Shreveport Times on Sunday, June 10, 2018.Elderly Credit Card_small.jpg

Vladimir smirks at a computer screen, furiously typing as he chain-smokes one cigarette after another.

He is hacking into your bank account.

Green numbers flash across his screen, indicating the systematic draining of your bank account into his off-shore account, all accomplished from his dingy apartment building somewhere in upper Siberia.

From a hot and humid internet cafe in Cameroon, dozens of teen-aged online scammers send out email after email, each pretending to be a long-lost Nigerian prince, heir to a tanker of oil if he can just get a $10,000 bank account open…with your money. And…wonders!...he promises to split the money with you once he sells the oil!

Leave a Path to Follow

By Byron Moore, posted June 11, 2018
Originally published in the News Star and the Shreveport Times on Sunday, June 3, 2018.

Joe D Burns.jpg

We buried my father-in-law last week.

Ninety-four years is a long time to live.

In so many ways he was an American success story. Born into a family of ten children, he was raised in northern Webster Parish during the depression. Milk and eggs were taken to market weekly on a horse and wagon, and when he got old enough to attend LSU, he had to walk ten miles to Springhill to begin the hitchhiking journey to Baton Rouge.

He earned a forestry degree from LSU, fought his way across Europe with the U.S. Army during World War II, started a family in the 50s, a forestry business in the 60s and all along the way bought as many tracts of land and LSU season tickets as his budget and his bankers would allow.

Debt Brings the Future into the Present...At a Cost

By Byron Moore, posted May 22, 2018
Originally published in the News Star and the Shreveport Times on Sunday, May 20, 2018.


Just the other day, one of my son’s friends, Grant, called me with a business question. I got to know Grant during his undergrad years, and quickly saw that he would make a sharp businessman. Not too long after graduation, Grant went into business with his father. He was excited about the prospect of building a family business and optimistic about their success.

However, he soon realized that he and his father had different views on debt. On the one hand, Grant’s father was totally against it. But on the other hand, Grant believed there was nothing wrong with debt if they could afford it.

“So where does debt fit into business?” Grant asked me, struggling to choose the next right step.

Embarrassed to ask for help

By Byron Moore, posted July 17, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 10, 2017.

Courage_sm.jpgQ: I am very embarrassed by my financial situation. I know I need help, but I’m just too humiliated to let anyone else see the mess I’ve made. Every time I pick up the phone to call someone I hang up. What do you suggest?

A: I love your honesty.

If you’ve never seen the 2011 film We Bought a Zoo, you’re in for a treat when you do. Matt Damon plays a young widowed father of two. In one scene, he is giving his young son advice on the utterly confusing and intimidating topic of females.

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