?? If you’re serious about getting out of debt, you need a system—not more willpower. Join Money Coaching and build a clear, automated payoff plan in as little as 48 hours: https://iwt.com/moneycoaching-yt
If you have $50K in debt, the real problem isn’t your spending, it’s your strategy. In this video, I break down the exact 6-step system I’d use to get out of high-interest debt fast, including how to lower your interest rate and target the right balances first. Most people focus on the wrong things and stay stuck for years. This is how you actually start making progress.
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Ramit Sethi is the host of Netflix’s “How To Get Rich” and New York Times bestselling author of “I Will Teach You To Be Rich” and “Money For Couples”
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? CHAPTERS
00:00 Introduction
00:35 Step 1: Slow Down Your Debt
02:03 Step 2: Face Your Actual Numbers
05:37 Step 3: Crush the First Debt
08:14 Step 4: Stop Suffering for No Reason
12:11 Step 5: Solve the Problem One Time, Not Every Month
14:03 Step 6: Prepare Yourself for Success
If you’re serious about getting out of debt, you need a system—not more willpower. Join Money Coaching and build a clear, automated payoff plan in as little as 48 hours: https://iwt.com/moneycoaching-c
Mine wouldn't do hardship until you had not paid for 90 days. ????.
I will add another step that is more effective than getting a raise
7. Try to get a higher paying job, I just got a job offer in the same area I live in paying $70k more. No company is giving anywhere near that in raises
A lot of people with debt think the answer is just work harder and spend less ???? but honestly strategy matters way more than most realize.
Because if inflation keeps rising and your money isn’t growing fast enough, you can spend years running in place even while making payments.
That’s why more people are starting to focus on positioning, cash flow, and adaptability instead of just blindly cutting expenses forever.
Honestly, that’s part of why systems like (Midavest) are getting attention. The mindset is less about surviving financially and more about building a setup where your money can actually start working with you again.
Currently up 49% in port. So far not from predicting but from positioning.
Very helpful! Thank you! Canadians especially need to see this. Gonna forward your video to a couple of friends who are serious about improving their lives. And it's so true, once you see the numbers (27% interest? Whoa!), that's just the wakeup call needed to finally be willing to change.
I will be completely debt free by July 2027. I can’t wait! My savings and investments are growing strong. And i am living my rich life. Ramit, if i see you in nyc i will scream out the window how AWESOME you and your team are!!
Get clear on what is actually going on.
Pull all the levers;
Earn more:
Side jobs
Negotiate a pay raise
Sell stuff
Spend less
Know needs vs wants
Shop to lower insurance and phone and internet services
Negotiate any bills and interest rates.
Check to see if you qualify for help with utilities and healthcare through government and other programs
Yo Ramit! Just became debt free yesterday BECAUSE OF YOU. 2 years ago I started doing your 50% – bills 30% – Guilt Free 10% investing 10% emergency fund.
THANK YOU BROTHA ????????
The return of raaaamit ????
On the last debt, $42k – an extra $600 a month to pay it off 19 months sooner. We got rid of my husband's car and kept my (paid off) little Toyota. We make it work. And our motivation is that once it's paid off, I can switch to working part time and spend more time with our family – that is our motivation and rich life goal. Thank you Ramit!
Hey Ramit! I’ll be consumer debt free in December 2026 ????????????
How
I just found your channel a week ago or so and was literally looking last night if you had videos specifically like this one. Unbelievable timing! Downloaded the csp last night and am gonna get going on this rn! Thanks!!
it would be a dream to be debt free. make 7 steps forward then 10 steps back all the time. always something to set back 🙁 i be trying!
Hey Ramit, is a second season of your netflix show a possibility?
I am currently 19 years old in my sophomore of collage, good thing my government pays all my tuition fees and I don't have to pay so no debts for me and I would love to keep it that way. I am currently I'm the process of launching my business (for my IAP, it's a huge factor that will determine whether I pass or fail.) I would love some advice in my situation.