I only have $1860 left coming from 16,000

@nomessnostress

Ай бұрын

Good job!

I paid off my $12,000 in 2 months because the interest were too high and then I use the snowball method for my remaining 15 cards . I only have one card left which is going to be paid of by the end of this month . I will be debt free . Thank you Lord 😊

@tamikamckoy2951

28 күн бұрын

Is there an example video you can share?

@traybern

3 күн бұрын

STUPID move, Honey. You ALWAYS pay off cards with the HIGHEST INTEREST RATE FIRST. NOT DUMBBELL Dave’s ASININE way!!

@sharonjenkins8388

3 күн бұрын

@@traybern I use the Dave Ramsey snowball method and now I am debt free in 2 years .I was $52,000 in debt .It really works .

@traybern

3 күн бұрын

@@sharonjenkins8388 IF you had used the CORRECT method you WOULD have been out of debt SOONER, and of course spent LESS on INTEREST!!! TOO STUPID to do SIMPLE MATH, huh Honey???

Coming in from a 150k, finally eliminated it down to just credit cards and loans. Here we go!

I am not understanding how these content creators who promote financial tips are suggesting to live in a home that cost 25-33% percentage of their monthly income. Has anyone looked at the true cost of rent these days. Without living in a war zone hood and especially since Covid, the cost of renting as become extremely expensive. My landlord just hit me with another yearly increase putting emphasis on maintenance costs, property taxes, and overall market trends. I have just started my budget and my goal is to get out of debt and own my own home.

@realestateplugtv

4 ай бұрын

this is why owning makes such a huge difference in financial freedom. I highly suggest connecting with a Realtor in your area and asking them about down payment assistance. Here in Charlotte, NC, I've been able to get a client in a home with 100% assistance and they are living in a home that is right at 30% of their income

@smartfinds2020

Ай бұрын

I moved out of NY and love it. Average rent her is 700-850. Not in a bad area. I am in a town in Ohio.

@Kevinnnnnnnnnnnnnnnnnnnn

24 күн бұрын

Get a higher paying job if not you can not afford it comfortably

@Clarkbar79

8 күн бұрын

I had 60k in debt and had to move to the hood but i was fine. No kids and single. Roach spray extra lock on door and grind it out. It was bad but everytime i think about using a credit card i think about that apt lol. I will never go back to that hood shit. Im a home owner now.

I was with you until you said you closed your credit card accounts. Closing accounts HURTS your credit and takes even longer to build it back up than just leaving the accounts open and cutting the cards up. Credit is about understanding how to manage it. You can get debt free using credit if you do it right. It's about discipline. Instead of telling folks close their accounts, say "I chose to close my accounts because I'm not disciplined enough to manage it." Folks go into credit card debt because they don't truly understand credit and that is unfortunate because credit can definitely help you more than hurt you when you use it correctly.

@dmeyer1227

16 күн бұрын

Hurts your credit after 10 years. Closing a card in good standings doesn't hurt much at all.

@slimbae926

15 күн бұрын

@@dmeyer1227 Closing a card in good standing DOES hurt your credit. I totally agree with @realestateplugtv.

@slimbae926

15 күн бұрын

You are absolutely correct!

Totally agree, the snowball method feels like youre getting somewhere, which to me is more important. Eventually I just switched out to putting everything on one LOC. I can see it all in one place. I drew a "thermometer" with the original debt at the bottom and zero at the top...so when my thermometer is fully red I have hit my debt reduction goal. Half way up the thermometer! The videos are great. Most people have heard a message like yours at least once. I believe its the repetition that helps people to stay consistent. Thank you for the continuous uploads👍🏽

Your consistency in here is inspiring. You deserve more views my guy

I hve a plan by the end of the year to be half way out of debt going to hve to get my partner on board to make it into our goal bc I can see he hates the payments but he’s always lived on the mindset that you need debt to live a successful life. I miss when we weren’t stressed and had our little 1999 cars cash and actually had extra money to leave in our bank accounts 😢

I forgot about the snowball method. I used it before to pay down my debit. This time i owe$4,000. But only have about $400-$500 free a month after tightening up on the budget. Thank you for the refresher

Great video!! This got me thinking about my own finances. Thank you😊

I owe a decent amount , too embarrassed to say, but I'm going to sell my stuff. I love selling things! Going to use the snowball method. I will need about 2 years. Thank you for sharing, so doable!

@AnnaAtl

27 күн бұрын

Me too. I have alot of clothing that is beautiful but doesn't fit and I'd rather be debt free. I have 11k in credit card debt plus about 16k in student loans.

def the snowball method, it's most realistic for me.

I’m doing the avalanche method, and it helped that I did a balance transfer for some of my debt.

I will try the snowball method next month. This month I did avalanche.

Snowball effect 😊

I will use the snow ball method

Snowball method seems like the best method.

I owe a bit over 30k in credit card debt. I plan on using snowball method. I estimate it will take me about 2 years or so to pay it all off. I have a car loan of 13k left but the APR is low at 4.5%. I almost have enough to pay off my smallest credit card of 4.5k. The highest is 17.5 k. I have 3 credit cards. I'm also trying to save for a wedding in a few years so I'm dividing my money between making a 1k emergency fund( almost fully funded), pay down debt and saving for wedding. We don't want to take out a loan for wedding so we're willing to wait and save more. If anyone can send me some motivation I'd really appreciate that right now. Cheers to anyone pay down debt! We can do this 💪 🙌 🤗

@user-ot7ln4fy7y

4 ай бұрын

To Kendra…Bless your heart! You’re halfway there by having a plan! Best of luck to you. I know you’re going to “get it done!”🙏😁❤️

I use the snowball method and it really helps. I was able to pay off 2 cards this month. I have one more with 0% interest until 2/2025.

@TommyBryson

14 күн бұрын

Close them out would be my recommendation once you’re done

A year into my payoff journey I began with 41k no I’m at 13k 4 more months and I’m done. Salary began at 45k now 100k.

@TommyBryson

17 күн бұрын

That’s awesome !!!

Man I don’t know how people have 10k+ debt ….. mine totals around 3500 and feel like I’m drowning …. Constantly trying to survive to get to the next bill

This is why I subscribed you. Credit Card is evil once you understand it.

@cheriebenjamin0315

29 күн бұрын

No it’s not. The evil is bad money habits.

@ImGerald

19 күн бұрын

@@cheriebenjamin0315you’re 100% correct

@karmenwashington605

18 күн бұрын

No it's not at all!! You just have to pay the entire balance off.

What jobs can you do from home to earn extra income? New to your channel. Thank you!

Snow ball for me, this is so rough😫

I thought you were going to talk about the hot trend called "velocity banking" 🤭

@sojourneroftheland

7 ай бұрын

Ha ha, looked into that once. Hot trend is all it is. A new way to get somewhere inefficiently. Using debt to pay down debt may work for some, but aint for me either😏

You can also combine the two methods for your convenience. Luckily I'm debt free!!!!

Tommy, are you back in puerto rico?

The Ramsey snowball method has been proven to work. It's not easy, but it works

@sharonjenkins8388

26 күн бұрын

I love it - it works for me .I paid off over $50,000 in less than 2 years .I did a lot of overtime and sacrifice a few things .

Paid off 19,825 since January 19th sold 2 cars and worked 80+ hour weeks for the past two years

The avalanche method Im not there yet on closing the account completly cuz im worried my 13years of credit would mean no history

Probably going to use the avalanche method.

Snowball! 6 months remaining.

@TommyBryson

12 күн бұрын

Let’s goooooo

Going to try snowball

just stared my snowball last month been sick so got Dr. bills and such about 26k in the hole and about 23 k on a car, but it's going to be alright I feel because I could have been in my grave!! I was debt free besides the car, so I can't wait to be there (debt free) again ! In a good spot, my house is paid for already1 God is good 💞

🔥🔥

How much of that 5 hours can I hustle while having 3 kids under 8 years old? Sounds sarcastic, but serious question.

I owe about $3300 at the moment my job pays 17 and is letting me work overtime. I want to take advantage of this and hopefully pay it off by the end of the year or beginning of new year

@sojourneroftheland

7 ай бұрын

Very doable you got this!

@WanderingOutsideGuy

3 ай бұрын

Ive been doing this since october '23, i was able to get OT at work that is more than a side hussle. So far ive paid 20k in debt in 5 months. I didnt think about the selling stuff i dont use much. Now its all got to go.

Snowball for sure

Most people work more than 8 hours in one job

Hi! I paid off a loan and that money I will pay more money to my AE card.I owe $14,000.

Snowball!

Team Snowball

This is one of my favorite channel Thank you for breaking it down!! Am glad I can still ☺️ smile at my crypto portfolio of $70, 000 made from my weekly trade.

@PureteLloyd

7 ай бұрын

After watching so many videos on KZread about trading I was still making losses until Mrs Susan Marie Alessio, started managing my investments and from then I have been making good profit

@EdlineFadazai

7 ай бұрын

Wow I thought people don't know her. I have been trading with her for 4 months now, I don't have much to say about her but I'll advice newbies to place their trades under her services

@MichaelThomas-bh4gj

7 ай бұрын

Mrs SUSAN MARIE ALESSIO, is the best expert trader I have seen her technical analysis skills are topnotch, she has an uncanny ability to read market trends and make accurate predictions for maximum profits.

@GolebaoneSelebatso

7 ай бұрын

I thought I’m the only one that knows her well I guess her good heart and strategy speaks for her now

@EvaCano-en4bs

7 ай бұрын

This sounds so good and I'd like to be making weekly profits too, is there any way I can speak with her?

Snowball 10k

I'm currently in the process of trying to get rid of my credit card debt and build up my savings. Which one should I give more attention to?

@jonsmith9728

7 ай бұрын

throw some cash to the side for emergencies, then have at that debt

@cheriebenjamin0315

29 күн бұрын

Save at least $1000-2000 for an emergency. $1000 should be your minimum no matter what. Depending where you live (like say NY or CA), having $2000 saved is a better bet.

@cheriebenjamin0315

29 күн бұрын

You can do both if it won’t overwhelm you. Focus on one card to put any extra in addition to the minimum that you can to pay it off and roll that down to the next. If you can start with setting aside $25-50 a month at minimum for your emergency fund. If you can do more, great.

Velocity Banking, keep the cards open.

Should just used credit card as checking account. You wouldn't have done all other crazy stuff

wow msm is strong on this media, you will never be able to pay off your stuff with this suggestion

Snowballing… about 40,000

@TommyBryson

15 күн бұрын

What’s your timeline for payoff ?

If you got all this CC debt, you probably weren't to responsible with your money.

@TommyBryson

15 күн бұрын

lol paid off all in full and never paid interest. Not a good game to play. Not the amount, it’s the practice

Tommy, should I file bankruptcy if I stopped paying my credit cards , and the amount is around 10k?? Or should I try to pay that off

@TommyBryson

7 ай бұрын

If it’s at collection, I would try to negotiate and pay 25-50cents on the dollar; if the bank still has it, create a payment plan. It’s the right thing to do.

@fuzzyslippers4349

7 ай бұрын

You are right. It is the right thing to do. Holy Spirit is working crazy through you. I didn’t even get the notification. I randomly wanted to check right now to see if you responded to me. And you just did. ✝️🙏🏾 I will try to negotiate with them. I was afraid of the consequences of bankruptcy , especially bc I would like to own a home. But I had a rough year and want to fix everything now that I have some $ . God bless you brother

@AshFx86

4 ай бұрын

@@fuzzyslippers4349did you manage to pay them $1 a month? Or any negotiation bro?

Where are you living to pay the low rent.. 😮

@TommyBryson

6 күн бұрын

I live in Dominican Republic now

Um..MINIMUM wage is WELL ABOVE $15/hr, DUMBBELL!!

Avalanche I owe $8k

I'm just going to file chapter 7 bankruptcy and then have my bankruptcy deleted from my credit file. Boom no more debt 🎉

@josezepeda-op7sc

2 ай бұрын

Your joking right lol

@Shabaee2626

2 ай бұрын

@josezepeda-op7sc absolutely not. Already did it and had it deleted from my credit report. My credit score jumped 80 pts and still climbing and I'm debt free. They can get away with all that high interest, I turned the tables on em.

@Shabaee2626

2 ай бұрын

​@josezepeda-op7sc not sure what happened to my comment but absolutely not. I already did it and had my bankruptcy removed from my report. Score jumped 80 pts and still climbing.

@godsnotdonewithyouyet6955

2 ай бұрын

How did you remove bankruptcy from your report?​@@Shabaee2626

These are good tips but it’s really all dependent upon someone’s actual life. To just continuously spew out the same old advice instead of teaching someone how to tailor financial to their actual life and responsibilities is not helpful.

Smash