Best Way to Pay Off Debt Fast (That Actually Works)

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

I started off snowball, to get the hang of things, paid off a couple of things, then I switched to avalanche. I've been debt free for 3 years. Best decision I ever made.

Down from 100k in debt to 14,500 in 4 years. Still working hard to crush that last bit

I hate having debt. I literally want to cry daily

I wish I invested in stocks earlier but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

I started snowballing 3 months ago and I’m about $3000 down… so glad I did!!

I’m $9,900 in debt . Aggressively paying it off $1500 every month. Can’t wait to be debt free. 😭😭😭😭😭

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

I like that you mentioned the woman and her husband had a LOT of debt and it took 7 years to get it paid off. There's plenty of people who have a ton of debt that can't be paid off in 2 years. Kudos to you for throwing that in.

My debt-free day will be October/November 2024. I will have paid off $64,000 of debt!! 🎉

As of yesterday I am debt free. 🙂 About a year and a half ago the Ramsey show inspired me to change. Thanks 🙏

even though i am not in debt I continually listen to episodes like this to remind me NOT to use debt at all

My debt free date is December 12th 2023. Started on March 1st 2022, will have paid off $60,000 worth of dumb decisions, until one day I finally said "I'VE HAD IT, IM SICK AND TIRED OF BEING SICK AND TIRED." Will definitely be scheduling my debt free scream soon after

I’m in this position. 40k in debt. Just put 4.5k into debts today. Took all my taxes and put it towards it. Done the math and it’s 18 months for me to get to no debt. I’m gonna do it. I have to get this done

Proud to say my debt free debt was two years ago. I've never felt so financially free!! Its awesome. For those in debt, get debt free (you can do it!)... it's so worth it!

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!

This used to be one of my most watched channels... sadly, it's been a while since i visited it has been a very rough year... i am experiencing one of the toughest phases of my life... Lost a fortune lnvesting in emerging companies. Hopeful, for a turnaround.

I helped someone stay motivated on the snowball method by modifying it slightly. Every time they paid off a debt, I had them only put half of the money they were paying toward that debt they paid off on the next debt and the rest in their pocket. This 'rewarded' them by having cash in their pocket, not feeling broke all the time, and helped keep the temptation of using credit cards away. It was slower in the beginning, but about six months into it, they were volunteering to put the full amount of the payments on the debts they were paying off toward the next one.

This is what I did. After paying off all my smaller balance debt I am now able to hit my biggest student loan. I was making $300 a month payments. Because of the debt snowball I am now making $1800 a month payments.

I have been following the principles since 2017... in 4,5 & 6. Will be mortgage free in December 2023! This stuff works!!!