Being in debt sucks and there’s no way to sugar-coat it. To enjoy the comfort of debt-free living, you must be willing to make the necessary commitment that goes with that life-changing decision. Today’s episode with Jim Katzaman from Largo Financial Services is a discussion about debt, good debt, bad debt and the difference between the two. Jim also shares some bootstrapping strategies to save money and get out of debt.

James L. “Jim” Katzaman has more than 29 years of professional experience. He provides public affairs direction and support to corporate-wide technical projects for federal government clients and has a wide range of experience in all phases of internal communication, media relations and community relations. James has had a phenomenal career in the financial industry since 2006 and has been an agent with ACA /Largo Financial since 2011.


In this episode, you’ll learn about:

  • What is Debt?
  • Personal or Business Debt: Good Thing or Bad Thing?
  • Why Do People Go Into Debt
  • A Simple Guide to Getting Out of Debt
  • Common Tax Myths that We Should Get Over With
  • Strategies to Save Money
  • Characteristics of Debt-Free Living
  • Thing Business Owners Should Do for 2019



“People sometimes don’t have a good grasp of their wants and needs.”

“Our eyes are bigger than our wallets.”

“Step number 1, you have to have a good grasp of your spending.”

“A good step 2 is a good mindset change.”

“There’s two ways to lower your debt. Its either earn more or spend less.”

“Look at what your needs and wants are and go accordingly.”

“If you don’t do anything different, it’s not going to end soon.”

“You have to break the cycle.”

“Find out what this new tax law might mean for them (business owners).”

“Now is the time to find out.”

“If you make small adjustments now, you don’t have to make the big adjustments later.”


Links and Resources Mentioned:

James’ Site

Largo Financial Services