Best Way to Pay Off Debt Fast (That Actually Works)
Today, we’ll go over the FASTEST way to pay off debt, so you can start knocking out your debt as fast as humanly possible and begin to invest for your future.
Links:
Debt Snowball Calculator: https://www.ramseysolutions.com/debt/debt-calculator?utm_source=YouTube&utm_medium=GKYouTube&utm_campaign=GeorgeKamel&utm_id=ramseysolutions
EveryDollar Budget Deal: I love a good deal, when you sign up using this link I’ll hook you up with a 14-day free trial and $15 off your first year of the premium version of EveryDollar. https://www.ramseysolutions.com/ramseyplus/everydollar/george?utm_source=YT&utm_medium=YT&utm_campaign=George-YouTube&utm_id=ramseysolutions
George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you’re seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.
Please no jocks –
My wife and I are starting the snowball debt payoff this month. We finally hit our breaking point and felt so overwhelmed with our credit card and student loan obligations. We're going all in on this and we've projected we can do this in less than 3 years or less. Wish us luck!
Way too much fucking talking. Get to the point.
Yes, we should be givers and purpose in our hearts what we should give. And be cheerful givers. I don't give to 501c3 organizations because they are hooked up to the Baal money system.
I used to tithe but couldn't do it with a cheerful heart because I wasn't purposing in my heart what I should give. The church was purposing it.
Yup, I just looked into consolidation and it was mostly cons. Pass…
I graduated college 6 years ago with about $140,000 in debt between student loans and my car.
I avalanched my student loans until I could refinance them into one lower interest rate, and I am now up to 6 figures in net worth.
I 100% agree with the behavioral aspect of debt and that for most people this method is probably best psychologically. I had the benefit of my wife helping me make the financial behavioral changes necessary to improve my habits and turn my debt into a math problem while addressing the behavioral problems at play.
?????? Motivated
Debt consolidation is smart because you can pay a lower percentage by getting a personal loan so it’s not exactly dumb idea just saying
Personal, I used the avalanche method. The math was enough motivation for me. Maybe because I didn't accumulated the debt. I married it. When I tried to help my brother, I recommended the snowball method. It fit his personality better. I think the snowball is best for most people.
Thank you George ?these are great videos
So accurate about still tithing. When trying to get out of debt we need ALL the help we can get????
The biggest thing about Dave Ramsey’s system that’s makes it idiotic is that he teaches to never use credit,
But you should spend tens of thousands of dollars to pay off debt???????????
If the goal is to only use cash, the what sense does it make to waste money paying off debt?
Just ignore it since the only thing it does is affect the credit you’re not planning on using
I did avalanche I’ll be debt free next week I’m aware it’s hard to do that for some I just came he to remind myself how much I did an to avoid more debt ????????
I have two cc the first one has $1,500 @ %24.24 interest and the second one is 11,000 @ %28.24 interest. The first cc has around $50 min payment and second has a $280 min payment since the rates are similar im killing the first CC before I start attacking the second cc it’s hard guys but definitely keep at it it’s worth it in the end