I’m doing the same thing right now, working to get rid of my cc debt. With my next paycheck, my worst offender (APR 22.65% 😩) will be paid off. I can’t wait 🎉
@James Baker no, no, no… fall back…. The only thing she needs to do is pay IT! Point blank, period! She don’t need no help or advice to get rid of it… She already knows…. Just Pay It!
Thanks for increasing my knowledge in personal finance and investment, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this recession. My husband and I are both retired and debt-free, and we're living smart and frugal with our money. Despite the recession, we're still earning passive income thanks to our savings and investments in the financial market. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it:
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.
@@whitneyhouston6888 No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted me in managing my investments while I focused on my job without any concerns.
@@martyedgar4677 Thank you for your advice. It's challenging to find a reliable investment advisor, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.
@@whitneyhouston6888 I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online.
Working with a skilled financial planner can be compared to having a mentor in the field of finance. I used to struggle to invest on my own and ended up losing money, but things changed once I started working with Claire Martha Magalhaes. She played a pivotal role in helping me improve my financial situation. Previously, I relied solely on my job and salary for income, but now I have found ways to generate additional income with ease, which has allowed me to leave traditional employment. Nowadays, I believe that investing is not a choice, but a necessity for anyone who desires financial independence and a good quality of life.
Privateprivate2421, TH-cam is full of ideas to earn more. None of those videos will be of any value to you until you evaluate your skills and passions to see what would bring value to those who would pay you for it. You can find examples online, but if you skip your own self-evaluation, you’ll be searching for a something you’ll never find.
so my strategy was to pay $20 dollars a day on one credit card for 2 months plus the monthly payments. i might still do that but im going to give this strategy a try.
1 my $100 phone bill is $60 for service 20 to the phone itself and 20 for phone insurance the problem with this is do I really need a flagship phone. 2) the avalanche method may save you money but it requires extreme level of financial discipline. For the everyday person do the snowball. It is so encouraging to see accomplishments that’s push forward into bigger and better things. Like when you wake up and make your bed boom beds made so you’re not going back to bed maybe you want some coffee but your mug is dirty wash the dishes might as well wipe down the counters well now you have all the dirt on the floor so let’s sweep you just swept so now you’re mopping and Holly shit you cleaned the kitchen 👏 👏 👏. But you need to have the mind set to better and be better
I need to do this right now, my current salary is not enough to pay minimums on each card sadly, lost my phone on an uber so I don't have apps for some credit cards but I will get a day off from work so I can go to the bank to get the apps running back and I will get that debt off the cards
@@jdrancho1864 sorry but where I live the process is different, if u don't have your old phone (lost) you need to prove your identity in person with an executive in the bank, they only work from 9 am to 4 pm M-F and my schedule was 8 to 5, so yes, sacrifice one day is what I had to do
The debt avalanche is just mathematically faster than the debt snowball. Dave Ramsey is always saying you "dont get a pass on math" and "children do what feels good. Adults devise a plan and follow it." Then he says the opposite with the debt snowball.
My issue is i only have 1 credit card. I owe about 8 grand on it and i work/live paycheck to pay check. So any extra cash i have is meant for food...any advice on how to get out of that? Yes, im trying to find a better job
What about transferring the balance to a 0% interest card so your payments will take care of the balance faster. That’s what I’m doing and so far, it’s helping.
If your interest rate is high, look into Debt Consolidation (lending club, your bank, etc). For lending, you can even check your rates without a hard credit check. If the rates that they offer is better than your CC rate (keep in mind the initiation fee. That is where they will get you), then get loan and pay off your CC and throw your card away (not literally but use it only once a month to buy coffee/pay subscription for a streaming platform and pay off that balance right after). Also, make sure you aren't penalized for paying off the debt early. And here's a tip, if you can afford to pay more than the minimum, attack the principal payment with the extra amount so that in the long run you won't pay as much on interest. The main thing to do is to never use your CC ever again except for that one payment a month.
Yes…. Do not consolidate or refinance college loans… pay on lowest loan first!! Then the next lowest and so on…. Also start now while there’s ZERO interest accruing….. school loans are predatory and cruel… do not let the Department of Education own you! Debt is Profit for them. It’s a true shame.
I been paying my cards weekly. Little payments a week so when the payment is due the balance will be smaller. What do you think about doing it that way?
Life is too short to stress about something like a 6 dollar sub. And Tmobiles coverage sucks. It's funny how people will overpay for good insurance coverage but will be on a budget phone carrier.
@@williamjoyner3768 Not necessarily because you already have a account with a credit card company so you don’t have to apply for another one. Most people that are in credit card debt have multiple cards. So if you have multiple credit cards you can just move the balance to the other card and take advantage of the lower interest rate. Not all cards allow a balance transfer or give a promotional zero percent interest rate so wont work for everyone.
Well, you can, but there’re a few things to keep in mind. 1. Even if you get a 0% introductory interest rate, there will be a transfer fee, which is 1-4% of the transferred amount. 2. The most important thing is the habit. And you should pay off the balance by the end of the introductory period, or you risk ending up with a higher interest rate than your previous card. With that being said, if a person doesn’t build up the good habit, ultimately he or she will be back to debt and in a worse place than before.
@williamjoyner3768 maybe but a % of high credit card limit debt being 0% is better than none. Honestly looking into rn for the best card. The only catch is. Bc its with Discover. I can't transfer my debt with them.
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I’m doing the same thing right now, working to get rid of my cc debt. With my next paycheck, my worst offender (APR 22.65% 😩) will be paid off. I can’t wait 🎉
Rooting for you! You can do this. Don’t be a slave to creditors!
@@lexalee5795 aww thanks so much!
Woohoo!!
@James Baker no, no, no… fall back…. The only thing she needs to do is pay IT! Point blank, period! She don’t need no help or advice to get rid of it… She already knows…. Just Pay It!
Hit ⬆️ I can be of help
Her system works well. The biggest payoff help for myself was to cut spending.
Thanks for increasing my knowledge in personal finance and investment, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this recession. My husband and I are both retired and debt-free, and we're living smart and frugal with our money. Despite the recession, we're still earning passive income thanks to our savings and investments in the financial market. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it:
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.
@@whitneyhouston6888 No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted me in managing my investments while I focused on my job without any concerns.
@@martyedgar4677 Thank you for your advice. It's challenging to find a reliable investment advisor, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.
@@whitneyhouston6888 I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online.
Working with a skilled financial planner can be compared to having a mentor in the field of finance. I used to struggle to invest on my own and ended up losing money, but things changed once I started working with Claire Martha Magalhaes. She played a pivotal role in helping me improve my financial situation. Previously, I relied solely on my job and salary for income, but now I have found ways to generate additional income with ease, which has allowed me to leave traditional employment. Nowadays, I believe that investing is not a choice, but a necessity for anyone who desires financial independence and a good quality of life.
So happy I pay cash for everything
Budgets and expenses dont help me because I already know my outgoings are low. Time to find videos that focus on increasing income rather than debt.
Privateprivate2421, TH-cam is full of ideas to earn more. None of those videos will be of any value to you until you evaluate your skills and passions to see what would bring value to those who would pay you for it. You can find examples online, but if you skip your own self-evaluation, you’ll be searching for a something you’ll never find.
so my strategy was to pay $20 dollars a day on one credit card for 2 months plus the monthly payments. i might still do that but im going to give this strategy a try.
It also depends on your Pay Rate, the more money you make the faster it can be paid off..
1 my $100 phone bill is $60 for service 20 to the phone itself and 20 for phone insurance the problem with this is do I really need a flagship phone.
2) the avalanche method may save you money but it requires extreme level of financial discipline. For the everyday person do the snowball. It is so encouraging to see accomplishments that’s push forward into bigger and better things. Like when you wake up and make your bed boom beds made so you’re not going back to bed maybe you want some coffee but your mug is dirty wash the dishes might as well wipe down the counters well now you have all the dirt on the floor so let’s sweep you just swept so now you’re mopping and Holly shit you cleaned the kitchen 👏 👏 👏. But you need to have the mind set to better and be better
Very helpful video, thank you for sharing your knowledge!
Glad you enjoyed it!
I need to do this right now, my current salary is not enough to pay minimums on each card sadly, lost my phone on an uber so I don't have apps for some credit cards but I will get a day off from work so I can go to the bank to get the apps running back and I will get that debt off the cards
That's idiotic. You are willing to give up on a day's worth of income to do things you could do after hours or on your lunch break on the phone?? smh!
@@jdrancho1864 sorry but where I live the process is different, if u don't have your old phone (lost) you need to prove your identity in person with an executive in the bank, they only work from 9 am to 4 pm M-F and my schedule was 8 to 5, so yes, sacrifice one day is what I had to do
Thanks for the info
The debt avalanche is just mathematically faster than the debt snowball. Dave Ramsey is always saying you "dont get a pass on math" and "children do what feels good. Adults devise a plan and follow it." Then he says the opposite with the debt snowball.
My issue is i only have 1 credit card. I owe about 8 grand on it and i work/live paycheck to pay check. So any extra cash i have is meant for food...any advice on how to get out of that? Yes, im trying to find a better job
What about transferring the balance to a 0% interest card so your payments will take care of the balance faster. That’s what I’m doing and so far, it’s helping.
@@mbyrd6713 thanks for the advice! I’m going to look into that!
If your interest rate is high, look into Debt Consolidation (lending club, your bank, etc). For lending, you can even check your rates without a hard credit check. If the rates that they offer is better than your CC rate (keep in mind the initiation fee. That is where they will get you), then get loan and pay off your CC and throw your card away (not literally but use it only once a month to buy coffee/pay subscription for a streaming platform and pay off that balance right after). Also, make sure you aren't penalized for paying off the debt early. And here's a tip, if you can afford to pay more than the minimum, attack the principal payment with the extra amount so that in the long run you won't pay as much on interest. The main thing to do is to never use your CC ever again except for that one payment a month.
Thanks
I can only get a couple to lower Apr I’m in way too much cc debt and can’t balance transfer
Great video!
can you get rid of the noise under -30dB in an equalizer when editing? the white noise is a bit too harsh on the loud silence.
Any tips on paying off college loan debt I have two teens just finishing up.💜
You can use the exact same logic on college loan debt as what she said in the video.
Yes…. Do not consolidate or refinance college loans… pay on lowest loan first!! Then the next lowest and so on…. Also start now while there’s ZERO interest accruing….. school loans are predatory and cruel… do not let the Department of Education own you! Debt is Profit for them. It’s a true shame.
@James Baker there college loans. About 25 thousand each.
Hit 🆙 I can be of help in clearing your debit
I been paying my cards weekly. Little payments a week so when the payment is due the balance will be smaller. What do you think about doing it that way?
Genius. Ask me why.
Great video Justine…thank you 💖
Good video
Life is too short to stress about something like a 6 dollar sub. And Tmobiles coverage sucks. It's funny how people will overpay for good insurance coverage but will be on a budget phone carrier.
Insurance is more important though. Plus what’s wrong with t mobile?
I think I love you
my credit card debt is 2 dollars but I literally can't figure out how to make payments.
Why not just do a balance transfer to a card that has a promotional period of 0 percent interest and pay it off faster.
You can, as long as you commit to completely paying it off in the window of time of the balance transfer.
Also don’t you have to have good credit to get approved for a balance transfer card
@@williamjoyner3768 Not necessarily because you already have a account with a credit card company so you don’t have to apply for another one. Most people that are in credit card debt have multiple cards. So if you have multiple credit cards you can just move the balance to the other card and take advantage of the lower interest rate. Not all cards allow a balance transfer or give a promotional zero percent interest rate so wont work for everyone.
Well, you can, but there’re a few things to keep in mind. 1. Even if you get a 0% introductory interest rate, there will be a transfer fee, which is 1-4% of the transferred amount. 2. The most important thing is the habit. And you should pay off the balance by the end of the introductory period, or you risk ending up with a higher interest rate than your previous card. With that being said, if a person doesn’t build up the good habit, ultimately he or she will be back to debt and in a worse place than before.
@williamjoyner3768 maybe but a % of high credit card limit debt being 0% is better than none. Honestly looking into rn for the best card. The only catch is. Bc its with Discover. I can't transfer my debt with them.
Hit ⬆️ to get your debit clear
you have no clear answer