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Damon Carr

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The Carr Report…ELSI: A simple formula for building wealth

Everybody wants the secret to building wealth. People buy books, follow financial gurus, chase hot stocks and scroll social media looking for a magical money...

The Carr Report…Every gift is a sacrifice: Stop going broke being everybody’s blessing

We talk all the time about people wasting money on cars, clothes, vacations, eating out and other stuff they can’t afford. But there’s another...

The Carr Report…One wrong word could cost you thousands in retirement

When it comes to retirement money, words matter. I’ve spent years blowing a whistle on a basketball court, and one thing every referee learns quickly...

The Carr Report…Debt loss and weight loss—different goals, similar work

Everybody wants to drop 30 pounds. Everybody wants to knock out $30,000 in debt. But mention meal preparation, tracking spending and telling yourself no,...

The Carr Report…Stop being your own financial enemy!

Let me say something that might sting a little. Sometimes it ain’t the economy. It ain’t inflation. It ain’t high interest rates. It ain’t taxes....

The Carr Report …Marriage and money: Build together or go broke fighting!

Marriage is about love, commitment, companionship and building a life together. But there’s another part of marriage that doesn’t always make it into the...

The Carr Report …Don’t leave your legacy to the state: You built it—now protect it

We spend a lot of time talking about building generational wealth. Buy the house. Save money. Invest in the 401(k). Fund the Roth IRA. Get...

The Carr Report …The debt trap eating your future: Why high interest, rising costs and poor savings habits are destroying wealth

Let me hit you with four numbers that tell one story. 22.16 percent. That’s the average APR on new credit card offers today. 93 percent. That’s...

The Carr Report … Stop treating ‘budget’ like a bad word

Mention the word budget, and some people immediately tense up. They picture cutting out everything they enjoy, living on ramen noodles, or feeling guilty...

The Carr Report…AI is a powerful money tool—but don’t let it become your financial adviser

Artificial intelligence is changing how we live, work and manage money. People are using AI to create budgets, compare investments, estimate retirement needs, prepare taxes...

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