The Ultimate Guide to PAYING OFF DEBT
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- เผยแพร่เมื่อ 10 ก.พ. 2025
- CHAPTER NOTES BELOW! Financial Freedom comes from building wealth for the future so that one day, work is optional. But for many of us, we’re not starting from zero, but from a minus figure. We have day-to-day debt on credit cards, personal loans and the like, and we need to clear that before we can start to build. This is the ultimate guide showing you how to pay off debt. Links are at meaningfulmone...
0:00 Intro
2:46 Everything you need to KNOW
2:54 Not all debt is bad
3:46 Debt is a massive psychological burden
4:51 Help is at hand
5:48 There's no quick fix
7:03 Summary
7:56 Everything you need to DO
8:00 Know your debt
11:25 List all your debts
12:59 Take stock
15:31 Save a starter emergency fund
18:42 Consolidate if you can, but tread carefully
20:49 Roll the Debt Snowball
23:52 Ride the Debt Avalanche
25:05 Keep going but prepare for setbacks
27:57 When debt-free, finish your emergency fund
30:55 Seek support and ignore the haters
33:53 Summary
36:05 Special Offer on Meaningful Academy
37:17 Review and Outro
Thank you Pete!! After following your excellent advice I have today paid off a whopping £10k of debt 🤗🤗 can't tell you the satisfaction. Bit to go, but for the first time in 25 years, I feel in control. Thank you 🤗🤗🤗
Go for it, Glyn - amazing work! 👊🏻👍🏻
I’ve had a 0% interest credit card for a while. Interest free period ending next July. Had about £1.5k left having used it to get a cheap car and insurance after uni plus some more less justified purchases! Was aiming to get it paid off in equal instalments until the end of the interest free period while building up emergency fund and investing. I guess this podcast/video convinced me to go all out against my debt. At the end of the day it was not good debt. Now have my PGL and credit card paid off. Just need to stop flirting with my over draft 😂
Hi Pete
Just wanted to say the content your putting out is great, but also they way you deliver it is amazing, think you must have been a teacher in a past life.
When my daughters old enough I’m going to do a home class of your youtube channel!
Very kind, thank you. Teaching is in my DNA - my father was a teacher!
This is amazing thank you. 🙏🏽
I’ve been listening to your podcast non stop and have just read your book Pete. I’ve learnt so much off you in just a couple of weeks.
I’m a married 34 year old sole trader with a young family who just bought my first home. Thanks to your advice I have organised to meet a financial advisor next week to plan starting my pension and take out a life insurance policy. I started an emergency fund which even after one week has put me more at ease. Also thanks to your advice I’ll be meeting my solicitor to write a will in the coming week (which I had been putting off due to the grim nature).
Keep the great content coming.
Huge thanks from Dublin
Really glad it's been helpful for you, Cian - all the best for the future!
Great advice 👍👍
Brilliant advice Pete. I follow Dave Ramsey and it's great to hear the UK version of his ideas. Big respect for all of your hard work. The whole Debt Snowball idea has changed my life and I am hugely happier because of it. I strongly urge everyone and anyone who struggles to do this...
Well done for taking radical action, Big Cook - Dave would be proud! Glad the video was helpful!
Excellent video
Thank you Theodore! 🙏🏻
You're some man Pete, some man.
Ummm. Thanks!
I been telling people our brains are organic computers for over twenty years