We paid off $8,000 in the first 90 days of starting thanks to focused intensity and selling items! We have a plan, and we can see the light at the end of the tunnel.
I have a budget out to 2030. It includes all bills and all incomes assigned to dates. I also have an amount for food, medicine, etc. each week. By plotting this out, I can see when each debt will disappear. Everything will be paid off, including the mortgage, in 5 years.
I started selling stuff as a side hustle and did so well it became my full-time job. Now I earn more than I made before working for someone else, plus I set my own schedule and have no commute. Another tip is, when you do want to buy stuff, buy from resellers. I sell both new (never worn or used, some with tag) and pre-owned items, all in excellent condition, for a fraction of the price. We both win when you support a small business like mine.
I started my skincare company Aug 2022 and I’ve made over $20k in sales in 4 months. We’ve paid off our car loan, credit card & we can’t wait to pay off the rest!
I totally agree. My husband and I finished grad school with $40,000 in debt and I was paying more than the minimum but they were not going down fast enough or we would pay and still use them. About 5 years ago I started moving them to 0% APR cards and paying them down faster. I also told my kids that we were paying our debt down, more than a $1000 each month, so they know how bad it is to have debt. When my oldest finished high school at 16 she stayed home to attend a local college. By then I still owed about $10,000. I used my tax return to pay her first year. She worked part time to have money to travel but has also saved. She has almost completed her 2nd year of college and without any debt. We are in south Georgia and in the past 2 years she traveled to a concert in Philadelphia, another in Atlanta and another one in California. She even paid her ticket to travel overseas to spend a semester with grandma and has almost $800 in savings. She works at Grandma's bakery and as a nanny to have some spending money to not touch her savings. My second kid is about to start college and he will also stay home.
1. Shift your focus. 2. Pay off debt using the debt snowball. 3. Get on a budget. 4. Sell stuff. 5. Get a side hustle. LOL @3:20 - The debt snowball is the fastest & most efficient way to get out of debt. @3:30 - Some people look at paying off the highest interest rate first, and that's math. And they're correct. The bottom line is you should be sticking to a plan to get rid of your debt, whether it's the debt snowball or debt avalanche. The quicker you pay off your consumer debt, the less of a difference there will be between the debt snowball (pay off smallest debts first) & debt avalanche (paying off highest interest rates first).
Great Video! I binged watched Dave Ramsey and paid off all my credit card debt in 4 months and am debt free! I have your book and I love the Spaghetti story! Please keep making these great videos!!!
Definitely agree that getting out of debt isn't all about math. Using the debt snowball was HUGE to help me pay off all my student loans before graduating with my MBA. Very grateful for the baby steps and for these videos!! :)
9/22/23...THANKS for paying off your education debts + NOT TRYING TO GET HARD-WORKING AMERICAN TAXPAYERS TO PAY FOR YOUR LOANS! HARD WORK BUT 💪 I'M PROUD OF YOU + YOUR ADULT RESPONSIBILITY OF PAYING OFF LOANS/DEBTS YOU SIGNED FOR! HAVE A GREAT LIFE!!!
I sold parts off an old car and got my 1000$ and paid off my first debt in the snow ball. Also picked up a weekend Kobe that pay and extra 560$ a month
I've got 9k of debt and I will get out by August. This year but baby step 1 is harr at the moment so I'm trying to sell stuff to get it becuase I'm on a low income. But will get there! Let's go! Thank You!
Also, take debt off the table. You must proclaim in your heart and soul that you are a person who doesn't see debt as an option...in ANY scenario going forward (except buying a house). Don't find yourself with $6,000 less debt in a few months and see all that margin and go buy a couch at no interest over 3 years!! Change that mindset!. No more debt, not just when you're working hard to get out of debt, but forever! Be intentional with your money going forward. If you want that couch, budget for it, save up ahead and then go use your debit card when you have the money. Just as easy and so much more rewarding. Take debt off the table! Not an option ever again. If you want a new car and payments will be $500 a month for 4 years, well, set aside $500 a month for 4 years in a separate savings account earmarked for a car and then go buy the car. You're still "making payments" like you think you can afford, but you're making the payments to yourself and then buying when you have the total. It's called planning ahead and staying out of debt. This is what it means to budget. You're not budgeting your money to decide how to pay people you owe anymore. Once you're out of debt you're budgeting your money so you can plan and buy the things that are important to you. It is so peaceful. Do the things Rachel suggests with gazelle intensity. Learning how to budget while in debt will carry over to budgeting when you're out of debt and you can finally have the things you want because you know what's possible within your income, and do it with peace!. ❤️
I highly agree with this! Planning ahead for everything is key 🔑 I had an unexpected car issue and didn’t stress to pay it because I had money saved for car maintenance. It feels good 👍
Rachel I just happened to watch a video and I saw you on it? It's the best thing that happened to me recently because I need some solid advice on what to do to handle my debt! I'm totally hooked on your videos! I'm going to try the snowball solution you recommend because I need to start somewhere,it makes sense to me. I already picked up a part time gig for extra money 💰! Thank you, thank you,thank you your my inspiration!! Jack from Boston.
I think your explanation for this was a way better choice of words than hers... yours made way more sense than an animal like all wild animals that have to live by the rules eat and be eaten Thank you 👍
I want to add a 6th way. GET A JOB!!! I know people that are doing everything in their power NOT TO WORK. I know that's insane, but they are there. Thanks Rachel...👍🏿
Success depends on the actions or steps you take to achieve it. Show me a man with no investment and I'll tell you how long it takes to fail. The investment creates a safe haven for the future. With the right choice of investment that has at least a minimum risk of 2% and with expert advice, profits and interest are 100% guaranteed.
Amazing to see another who trades with Mrs.Shana Heckel, I am currently on my fifth trader with her and my portfolio has grown tremendously. Your weekly signals are highly profitable
I invest with Mrs Shana Heckel too, her charges a 20% commission on profit made after every trading session which is fair compare to the effort she puts in to make huge profits.
As a first time investor I started trading with, Mrs Shana Heckel, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
Just a big pile of nonsense here. High interest rate debt for example 20-30% interest rates on credit cards can be crippling. Clearly paying off that sort of debt is much, much more important than paying down a 3% car loan. It must be almost painful to have to spout such nonsense we see here. I suppose poor Rachel has to propagate the Ramsey nonsense in order to keep her job. I find it hard to believe that she does not know better.
Money is math, it’s all numbers, there is emotion and human nature that effect actions regarding money but it is still math and mathematically the “snowball method” is definitely NOT the best method. In terms of human nature, especially for those lacking self control, it may be very beneficial but it is in fact not the best. Oh and don’t sell things you are going to buy right back, that’s just selling for a loss then doubling down on dumb. Next you will advise people to sell their car for gas money. I am about to start making videos reacting to your false statements just to offset the idiocy you are creating. You need a personality in Ramsey that can do math and isn’t just trying to act like peoples parent, Dave, while lying to them without a reason why being mentioned.
I have $1,700 left on my car. I'm hoping to get it done this month.
Way to go!!! I’ve got $2100 left on mine and then debt free except for my house.
paid in full lol, but yours should be paid to
We paid off $8,000 in the first 90 days of starting thanks to focused intensity and selling items! We have a plan, and we can see the light at the end of the tunnel.
I've cut up two CCs in the last TWO Months!
My wife and I are debt free. Just about to finish baby step 3! Wow it feels so good
Awesome ! 🎉
That’s awesome! Congratulations!!! 🙏🏾♥️
Thanks for being an encouragement to other's.
Preach it sweet Rachel!!! I am super proud of you!
I have a budget out to 2030. It includes all bills and all incomes assigned to dates. I also have an amount for food, medicine, etc. each week. By plotting this out, I can see when each debt will disappear. Everything will be paid off, including the mortgage, in 5 years.
Is there an inflation calculator?
I started selling stuff as a side hustle and did so well it became my full-time job. Now I earn more than I made before working for someone else, plus I set my own schedule and have no commute. Another tip is, when you do want to buy stuff, buy from resellers. I sell both new (never worn or used, some with tag) and pre-owned items, all in excellent condition, for a fraction of the price. We both win when you support a small business like mine.
I do this on the side too.
How did you get started? Do you have a website, or do you sell on ebay??
@@pamtewes5276 hi. i have the same question. do you use ebay or own website? thanks!
I don’t seem to have any luck reselling but I don’t know what I am doing wrong.
How did you get started? I’ve tried but all I get is crickets
Thank You Rachel Cruze. HAPPY ❤️ 2023 New Year's.
I'm getting out of debt this year. Getting my 4 walls caught up now. Then my baby EF. I'm gazelle intense. Using my every dollar app every day.
Mine was to stay focused on the Dave Ramsey Baby Steps. Almost done with Baby step 1
I started my skincare company Aug 2022 and I’ve made over $20k in sales in 4 months. We’ve paid off our car loan, credit card & we can’t wait to pay off the rest!
Good for you!
That’s amazing! Well done!! What’s your skincare company called?
Young people....life is alot easier when you don't start loaded in debt.
I totally agree. My husband and I finished grad school with $40,000 in debt and I was paying more than the minimum but they were not going down fast enough or we would pay and still use them. About 5 years ago I started moving them to 0% APR cards and paying them down faster. I also told my kids that we were paying our debt down, more than a $1000 each month, so they know how bad it is to have debt. When my oldest finished high school at 16 she stayed home to attend a local college. By then I still owed about $10,000. I used my tax return to pay her first year. She worked part time to have money to travel but has also saved. She has almost completed her 2nd year of college and without any debt. We are in south Georgia and in the past 2 years she traveled to a concert in Philadelphia, another in Atlanta and another one in California. She even paid her ticket to travel overseas to spend a semester with grandma and has almost $800 in savings. She works at Grandma's bakery and as a nanny to have some spending money to not touch her savings. My second kid is about to start college and he will also stay home.
Love this so much! Exactly how my husband and I paid off our debt 6 years ago and debt free to this day, including our house!
Congratulations and well done to you and your husband! It made me so happy to read that though I don’t know you 🙏🏾♥️
thank you queen paying off 9k in credit card debt by March 15th!!!
🎉yay!!🎉
You can do it Judy!!! 🎉🎉❤
1. Shift your focus.
2. Pay off debt using the debt snowball.
3. Get on a budget.
4. Sell stuff.
5. Get a side hustle.
LOL @3:20 - The debt snowball is the fastest & most efficient way to get out of debt.
@3:30 - Some people look at paying off the highest interest rate first, and that's math. And they're correct.
The bottom line is you should be sticking to a plan to get rid of your debt, whether it's the debt snowball or debt avalanche. The quicker you pay off your consumer debt, the less of a difference there will be between the debt snowball (pay off smallest debts first) & debt avalanche (paying off highest interest rates first).
I use the avalanche method instead of the snowball method. It helps me more especially since the fed is looking to raise interest rates again.
Mahalo fo da list 👍🏽
It depends on what best motivates you
Thank u for the video. I'm from the u.k.
Happy New Year and new behaviors
I just brought a budgeting books with envelopes to put money in this yr definitely going to be different
Thank you for all your encouragement!!
Great Video! I binged watched Dave Ramsey and paid off all my credit card debt in 4 months and am debt free! I have your book and I love the Spaghetti story! Please keep making these great videos!!!
Definitely agree that getting out of debt isn't all about math. Using the debt snowball was HUGE to help me pay off all my student loans before graduating with my MBA. Very grateful for the baby steps and for these videos!! :)
Hi
Where do you sell stuff please?
@@ngouteu hello! I typically use Facebook marketplace and have been able to sell a lot of stuff on there.
nice!
9/22/23...THANKS for paying off your education debts + NOT TRYING TO GET HARD-WORKING AMERICAN TAXPAYERS TO PAY FOR YOUR LOANS!
HARD WORK BUT 💪 I'M PROUD OF YOU + YOUR ADULT RESPONSIBILITY OF PAYING OFF LOANS/DEBTS YOU SIGNED FOR!
HAVE A GREAT LIFE!!!
I sold parts off an old car and got my 1000$ and paid off my first debt in the snow ball. Also picked up a weekend Kobe that pay and extra 560$ a month
I'm really struggling to find valuable semi-flexible side hustles. Not in debt yet but there are some huge expenses about to hit with medical.
👆👆 thanks for your feedback. Tell Max Thomas, my trusted investment broker, I recommended you for a life changing investment opportunity💯.
I've got 9k of debt and I will get out by August. This year but baby step 1 is harr at the moment so I'm trying to sell stuff to get it becuase I'm on a low income. But will get there! Let's go! Thank You!
You got this ❤
@@candy2325 thank you. Gotta make this happen this year. Been cutting back on loads of stuff.
How do you deal with debt that is in collections on your credit report?
Also, take debt off the table. You must proclaim in your heart and soul that you are a person who doesn't see debt as an option...in ANY scenario going forward (except buying a house). Don't find yourself with $6,000 less debt in a few months and see all that margin and go buy a couch at no interest over 3 years!! Change that mindset!. No more debt, not just when you're working hard to get out of debt, but forever! Be intentional with your money going forward. If you want that couch, budget for it, save up ahead and then go use your debit card when you have the money. Just as easy and so much more rewarding. Take debt off the table! Not an option ever again. If you want a new car and payments will be $500 a month for 4 years, well, set aside $500 a month for 4 years in a separate savings account earmarked for a car and then go buy the car. You're still "making payments" like you think you can afford, but you're making the payments to yourself and then buying when you have the total. It's called planning ahead and staying out of debt. This is what it means to budget. You're not budgeting your money to decide how to pay people you owe anymore. Once you're out of debt you're budgeting your money so you can plan and buy the things that are important to you. It is so peaceful. Do the things Rachel suggests with gazelle intensity. Learning how to budget while in debt will carry over to budgeting when you're out of debt and you can finally have the things you want because you know what's possible within your income, and do it with peace!. ❤️
I highly agree with this! Planning ahead for everything is key 🔑 I had an unexpected car issue and didn’t stress to pay it because I had money saved for car maintenance. It feels good 👍
Just paid off my car and 2 credit cards, had to purposely lock my 3rd credit card so I will not use it untill i get that balance down to 00.00 😤😤😤
I paid my discover bill off last year. I owe 700.00 to kohls. Due to christmas. We have mortgage no car paynents.
Costco has made changes to their credit card. Just a heads up.
Side hustle here ❤❤❤❤
Rachel I just happened to watch a video and I saw you on it? It's the best thing that happened to me recently because I need some solid advice on what to do to handle my debt! I'm totally hooked on your videos! I'm going to try the snowball solution you recommend because I need to start somewhere,it makes sense to me. I already picked up a part time gig for extra money 💰! Thank you, thank you,thank you your my inspiration!! Jack from Boston.
Where do you get your clothes?
👆👆 thanks for your feedback. Tell Max Thomas, my trusted investment broker, I recommended you for a life changing investment opportunity💯.
getting out of debt is almost exact same process as losing weight.
I think your explanation for this was a way better choice of words than hers... yours made way more sense than an animal like all wild animals that have to live by the rules eat and be eaten
Thank you 👍
Some people never lose weight !!!
GREAT video! I'm so glad I found your TH-cam channel and subscribed! I follow you on IG and you have the very best reels on there. Huge fan!
👆👆 thanks for your feedback. Tell Max Thomas, my trusted investment broker, I recommended you for a life changing investment opportunity💯.
Does the single tone noise in the background drive anyone else nuts?
Turn the volume down and you won't hear it.
@@christinarahmani1197 LOL
Don't live beyond your means. Pay your debts down. My #1 way? I live off the grid, own 3 properties.
👆👆 thanks for your feedback. Tell Max Thomas, my trusted investment broker, I recommended you for a life changing investment opportunity💯.
I want to add a 6th way. GET A JOB!!! I know people that are doing everything in their power NOT TO WORK. I know that's insane, but they are there.
Thanks Rachel...👍🏿
Success depends on the actions or steps you take to achieve it. Show me a man with no investment and I'll tell you how long it takes to fail. The investment creates a safe haven for the future. With the right choice of investment that has at least a minimum risk of 2% and with expert advice, profits and interest are 100% guaranteed.
My mom and I make huge profit on my investment since I started trading with Shana Heckel , her trading strategies are highly exceptional,
Amazing to see another who trades with Mrs.Shana Heckel, I am currently on my fifth trader with her and my portfolio has grown tremendously. Your weekly signals are highly profitable
I invest with Mrs Shana Heckel too, her charges a 20% commission on profit made after every trading session which is fair compare to the effort she puts in to make huge profits.
This is not the first time I'm hearing about Mrs Shana Heckel and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with, Mrs Shana Heckel, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
Step 1: Have your father become a best selling author and nine figure real estate investor while you’re a child.
Step 2: winning!
Pain off debt
Edit the gazelle metaphor lol
women like this do not exist anymore. Yes, that was a compliment.
Just a big pile of nonsense here. High interest rate debt for example 20-30% interest rates on credit cards can be crippling. Clearly paying off that sort of debt is much, much more important than paying down a 3% car loan. It must be almost painful to have to spout such nonsense we see here. I suppose poor Rachel has to propagate the Ramsey nonsense in order to keep her job. I find it hard to believe that she does not know better.
Money is math, it’s all numbers, there is emotion and human nature that effect actions regarding money but it is still math and mathematically the “snowball method” is definitely NOT the best method. In terms of human nature, especially for those lacking self control, it may be very beneficial but it is in fact not the best. Oh and don’t sell things you are going to buy right back, that’s just selling for a loss then doubling down on dumb. Next you will advise people to sell their car for gas money.
I am about to start making videos reacting to your false statements just to offset the idiocy you are creating. You need a personality in Ramsey that can do math and isn’t just trying to act like peoples parent, Dave, while lying to them without a reason why being mentioned.
How about you start by cleaning the fn dishes!!!
Credit Card Debt Free 2023 Use Only a Debit Card. Living Below My Means. Yay
👆👆 thanks for your feedback. Tell Max Thomas, my trusted investment broker, I recommended you for a life changing investment opportunity💯.