[Paying] Videos

SA government is still paying for international debt from YEARS ago!

Our government steals from us while we spend our lifetimes paying taxes to pay off their DEBT!

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? About Mpho Dagada.

Mpho Dagada, who is a bestselling author, entrepreneur, and speaker, draws on personal life successes and passions to inspire and rally global agents of change to build a more profitable future for all to ensure that each individual becomes an asset in their organizations, advocates of change in their society and leaders in their world.

Mpho uses this Channel to inspire, educate, and encourage everyone to aspire to achieve their dreams, discover their purpose, and press toward realizing it.

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In this video I’m taking you through the process of how a debt gets to be a prescribed debt, the Pros and Cons.

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In this video, Keith Wright breaks down some tips to help you pay off credit card debt while saving time and money on interest.

SHADED MONEY | IMPROVING YOUR FINANCIAL HEALTH

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Chapters
0:00 – Intro
0:32 – What is debt consolidation/Credit card interest rates
1:22 – #5 Payday Loan
1:57 – #4 Personal Loan
2:34 – #3 Personal Line of Credit
3:09 – #2 Balance Transfer
3:48 – #1 Employer Sponsored Retirement Plan Loan
4:34 – Outro

Intro Music: KY
Background Music: T-Reg

In Loving Memory of Maurice Dwayne McIntosh II
All Rights Reserved. K. Wright Holdings, LLC. 2022

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You’re Wrong… Paying Debt Off Early Works (4 Reasons):
Conventional wisdom suggests that paying off debt early at the expense of some of your investment money in the short term is a bad trade unless the debt you’re carrying is high interest debt like credit cards. The thinking is why would anyone want to pay off debts with 5% or 6% interest rates when they could instead invest that extra payment money into the markets and earn 7%-10%. And, to be fair, there are certainly instances where that logic makes a lot of sense. I know the title of the video is pretty black and white, but that’s mainly because in my experience the discussion surrounding this topic presents it as a very clear cut decision and I feel that there’s a bit more nuance to it that often gets lost in translation. Today I’m going to be going over 4 reasons why I feel that, in certain situations, paying off even lower interest debts can be the better approach, even if it means giving up some investment returns in the short-term.

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How Do I Change Jobs While Paying Off Debt?
Say goodbye to debt forever. Start Ramsey+ for free: https://bit.ly/35ufR1q

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ABC News’ Faith Abubey reports on individuals who have paid off mountains of debt in the midst of the pandemic.

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Deciding between a balance transfer credit card and a debt consolidation loan depends on the terms you get, the repayment plan, and your comfort with risk. A balance transfer credit card is a great option if you can get a 0% introductory APR, AND you can pay off the balance before the period expires. A debt consolidation loan might be better if you need a more extended period to pay off the debt.

So, when thinking about debt consolidation, you need to think about these things:

1. Are you just kicking debt down the road? Meaning ae you paying off debt by taking out more debt? You have to lower your spending and be committed to not accruing more debt as you work on paying off
your debt.

2. If you have a low credit score, you probably won't be able to get a lower interest rate on the balance transfer or debt consolidation loan. So, first focus on making on-time payments, paying off debt, and increasing your credit score.

3. make sure you have a budget and have found a way for that budget to work successfully in your life.

Now, of course, I always recommend paying off your debt by buckling down, controlling your spending, and learning about why you are debt in the first place. Addressing and understanding why you go into
debt is critical if you want to make changes to stay out of debt in the future.

That said, when you are facing financial hardship, sometimes debt consolidation can help when you have high-interest debt that is not manageable.

CHAPTERS
Intro: 00:00
What is debt consolidation: 00:54
The benefits: 01:45
How to consolidate your debt: 03:23
Things to consider: 09:55

?? SHOULD YOU CONSOLIDATE YOUR DEBT: https://bit.ly/3e69JAv
?? SHOULD YOU CONSOLIDATE STUDENT LOANS: https://bit.ly/3oy9xPw
?? FINDING YOUR WHY: https://bit.ly/3aJUryj
?? THE BUDGET MOM’S FINANCIAL FREEDOM STEPS: https://bit.ly/3cfJXsp
?? HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: https://bit.ly/2vQJaO5
?? HOW TO CREATE A PLAN OF ATTACK TO PAY OFF DEBT: https://bit.ly/2wDETxF

ABOUT ME

I’m the blogger behind https://www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I’m passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!

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I’m Aja Dang and here are the 7 things I wish I knew about paying off debt while I was paying off my credit card, car and student loan debts. Just remember, you are so brave for wanting to tackle your debt. I feel like now there is this huge momentum for people in our generation to want to get out of debt – we are stick of feeling broke and tired of watching our paychecks go to someone else. No more! This is an exhausting journey but hopefully these 7 things will remind you that you are not alone in your experience. Here are the lessons I learned about paying off debt.

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Are you looking for debt solutions? Are you disorganized? Do you have trouble paying your bills? There is help. Youre not alone in this. We are a Canadian non-profit service, and we can help.

As I’m closing out my 2018 Year in Review, I wanted to take a look at home much money I put to debt this entire year. I went through each of my current debts from 2018 (4 in total: 1 credit card, 2 student loans and 1 car loan) and looked at how much I paid. These payments are both principal and interest, but it’s crazy how much I did this year and how much room for improvement I still have on my debt free journey. What are you doing in 2019 to tighten your budget to hit your financial goals?

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