Had 138k of debt four years ago and down to 15! The end is in sight!! 🎉🎊

@Keyon_John

4 жыл бұрын

Wow! Congratulations!!! Go go go

@garretteckhardt6665

4 жыл бұрын

Hope you're still carrying that momentum!

@RKmndo

4 жыл бұрын

AWESOME! That's HUGE progress! Keep going! It's a big relief of stress not having any debt, especially credit cards at 25%+ interest rates, and knowing that nobody can repo our cars.

@highlyfavored2434

4 жыл бұрын

Jeez makes 25k seem like nothing

@lushfanatic8028

4 жыл бұрын

That’s amazing

"Sell so much stuff the kids think they're next."

@johnsmisek02

5 жыл бұрын

AshCole MVP test

@vwalker58

5 жыл бұрын

Ha😆

@zukozenani5567

5 жыл бұрын

AshCole MVP 😂😂

@peterjohn3688

5 жыл бұрын

That was funny

@isabellajohnson9671

4 жыл бұрын

AshCole MVP Hacker Pak kept my husband and myself debt free of all 4 credit card loan debt of $6k, $3k, 15k and 38k. Hacker Pak also offers PayPal services, and offers the best service with no upfront charges. I can recommend Pak. Whatsapp Hacker only +1 740 (537)0783

Just paid off my lowest debt, and man, I’m I HAPPY!!!!😂😂😂😂. Paid that thorn in my side WITH A VENGEANCE!!!!💃🏾💃🏾💃🏾. Movin’ on to the next!!! THANK YOU DAVE!!!💃🏾💃🏾

@RunninFades

3 ай бұрын

I have the option of paying my loan debt off next week, is it worth it? I’m trynna feel that energy to keep me moving forward

Omg I spit out my cereal when he said "put the cat on Craigslist" I'm dying his dry humor is perfect for such a serious topic

@candygirl2847

5 жыл бұрын

I literally Died when he said that..lol

@rochellelambkin9388

4 жыл бұрын

@@candygirl2847 literally

@fgbowen

4 жыл бұрын

Agreed!! Lol.

@shawnjohnson789

4 жыл бұрын

8

@MsJoyce31202

4 жыл бұрын

🤭

“honey, we’re gettin’ outta daht”

@ItsAshleyRai

4 жыл бұрын

MAIKA 🤣

@malikadavis6791

3 жыл бұрын

😂😂😂 that’s what I was laughing at!!

@Michaeldpress14

3 жыл бұрын

😂😂😂

@DakotaHDrums

2 жыл бұрын

Read this as soon as he said it LOL

Took me about 15 months :-) Debt free as of 12/2017!!! Woo-hoo!

@sameersmerchant

6 жыл бұрын

Congrats

@tonyahenry4167

6 жыл бұрын

Dorota K congratulations

@ronin997

6 жыл бұрын

Gratulacje , wspaniale uczucie prawda?

@tinateews9494

6 жыл бұрын

Congratulations. Keep up the good work. We're on our way too

@Rockera1982

6 жыл бұрын

Did you do the debt snowball method?

Just paid off my smallest debt using the debt snowball and it feels so good. I feel so excited about getting rid of my debt.

@mpadua8076

5 жыл бұрын

But were you able to take how much that debt was - say 600- and put that into the next payment. This doesn't seem realistic.

@ittakesavillage5461

4 жыл бұрын

Melanie P this plan is very realistic. It’s not easy it’s hard work sticking to a budget

@marcarrera4904

4 жыл бұрын

@@mpadua8076 its working for me!!!

@renatamadicka7475

4 жыл бұрын

@@mpadua8076 its very realistic.

@mpadua8076

4 жыл бұрын

@@renatamadicka7475 if people don't have extra $ at the moment and every dollar goes to bills/necessities then it's not realistic for all to pay off the debt that fast. Some people can barely make the minimum payments. Everyone's situation is different. What's realistic for you may not be realistic for the person next to you.

At one point I had $44,000 in credit card debt. (Thanks, college) I have been credit card debt free since June 2017. I did it by going without. I drove an old 1998 Ford instead of a new car. I lived in an apartment instead of a house. I worked two jobs for a while, then worked the overtime shifts on Saturdays that no one else wanted. I paid as much as I possibly could each month, and it took years. Now I have a new car and a house, and zero credit card debt. There's no shortcut out, you just have to power through it. But it can and will happen.

@GuillermoRodriguez-gu3oq

3 жыл бұрын

Congratulations

@BYOB561

3 жыл бұрын

What a champion you are. Good job.

@Ree-vn9dc

3 жыл бұрын

You are a true testament of will power. Thank God for your testimony

@swappintics5247

Жыл бұрын

apartments cost the same amount as a house.

@epa316

Жыл бұрын

@@swappintics5247 Now they do, except you aren’t building any equity by renting an apartment.

Why do I even watch this... My lifestyle is super cheap and I don't have debt... But it does work wonders scaring me into never falling off the wagon

@fearless6947

3 жыл бұрын

me too because we already believe it. We watch this and we already think like this

@brucesmith9144

3 жыл бұрын

Spread the word.

@pozloadescobar

2 жыл бұрын

The one debt to be unafraid of is the fixed rate mortgage. It's America's #1 wealth builder!

@lesg5270

3 ай бұрын

Me too

2021 and I’m just starting, but I will accomplish the goal of being debt free. It’s not a race it’s a marathon it’s all about your endurance.

@juanfelipe8484

3 жыл бұрын

Good luck bro

@chassiddywilliams3309

3 жыл бұрын

Yes! Me too ! I’m so excited !!! I need 16 jobs

@4um360

2 жыл бұрын

The debt snowball works. I used it to get out of debt. Just stick with it. Good luck.

@woahniyaa

Жыл бұрын

How’s it going?

@Vexed711

Жыл бұрын

How’s it going?

I just have to let you know, I used this method in 2011 to start this snowball, making less than $40k a year and I paid off over $50k using the method you outline above. I so appreciate you doing this. And teaching us.

@richardsanchez9190

5 жыл бұрын

Just out of curiosity how did you get in debt?

@jthrilla84

4 жыл бұрын

How long did it take you?

@ImprovementisGrowth

4 жыл бұрын

Kaylen Ricker Congratulations 🎉🎊🎈

@ImprovementisGrowth

4 жыл бұрын

Kaylen Ricker I am in the same boat and working to have the same result

@MSW96

4 жыл бұрын

Wow! Hope this is me in the future. So glad you paid that much off!

Started the debt snowball, It works but it seems to take forever in the beginning. Occasionally it's good to re watch these videos as motivation and reminder on why you're doing what you're doing.

Including my car, braces and federal college loans I am $86,000 in debt. I start my voyage today.

@brittanym9996

5 жыл бұрын

How are you doing today?

@jessicawiseman

5 жыл бұрын

update???

@bricoley

5 жыл бұрын

How's it going?

@topcomment3816

5 жыл бұрын

Jaime Barragan Here is the update. He is now only $97k in debt. Great job!

@andersonandrew112

5 жыл бұрын

hey fuckhead, we are all waiting to find out how you're doing with all your debt problems.

I love how he’s helping people. My niece did the debt snow ball and got out of debt.

I got on offer up and sold 1,100$ of Jordan’s that were just sitting on my shelf. And have begun paying off debt.

Been in CC debt for about 2 years with collections and being irresponsible financially. Paid off the multiple CCs with smaller balances first, now I'm just left with one credit card left to pay. It works, you just have to be disciplined.

@dayday12ontheps3

6 жыл бұрын

Been suggested bankruptcy, but nope stuck to my guns and lived uncomfortably and I budgeted. Thank you Dave. Glad to learn all of this at 22.

@shabalavallee3691

6 жыл бұрын

I’m starting this too! Thank you for sharing..

@BoysRus0403

5 жыл бұрын

Thank you for sharing! I’m having a terrible day thinking there is no light at end of this debt tunnel. Did you actually pay for one of his programs or, what was your method? Just using the snow ball method

@candyrox2023

5 жыл бұрын

Did your credit went down?

@isabellajohnson9671

4 жыл бұрын

dayday12ontheps3 Hacker Pak kept my husband and myself debt free of all 4 credit card loan debt of $6k, $3k, 15k and 38k. Hacker Pak also offers PayPal services, and offers the best service with no upfront charges. I can recommend Pak. Whatsapp Hacker only +1 740 (537)0783

Thanks Dave, we had 58k of debt and paid it off because of you, alhamdullilah!

@jbenz1990

16 күн бұрын

Alahu akbar

Thanks, Dave Ramsey! I paid off my credit card debt! I don’t ever want to go back to feeling like a prisoner to credit card companies. I’m one step closer to freedom. Feels good!

@donnanjessie4127

4 жыл бұрын

flex kitten Contact Tony he paid off my debts .. My car loan and credit card bill paid off in few minutes..He really did good Text him on +1(2-5-1-3-0-4-5-3-3-2)

@Kurdayang.Kurdayang

11 ай бұрын

How pls help me

I’ve only got $1,300 of debt left. I’m hoping I can get it finished by these next few months!

@SmacksHandtoForehead

5 жыл бұрын

How's it going?

@michaelgibson4139

5 жыл бұрын

done yet?

@user-hd8ej8yx9p

4 жыл бұрын

did you get outta daht?

@LamoonInstagram-rw8eh

4 жыл бұрын

kmatt12 I've been in debts for a while now and almost lost my car and house due to my loan and credit card debts, ruma_telecom11 on !nstagram helped me clear my debts and funded my account, the dude is Awesome

@CJ-uo5cl

4 жыл бұрын

Hey! We all wanna know! Did ya?

We're getting out of dat

@itybity89

4 жыл бұрын

Sarabeth 🤣🤣

@bodybybrody2295

3 жыл бұрын

Read this as he said it 🤣🤣🤣

Took me 12months....$30k debt gone. $25k in my savings....then got an opportunity with work to move to a new city with work and double my income. That savings made it a no brainer....able to relocate with zero stress due to no debt and savings in the bank. Even if you arnt as strict as Dave recomends with your money...you'll still be better off then you were before! JUST PAY YOUR DEBT AND STOP BUYING GARBAGE

@teniaboykin2240

4 жыл бұрын

gureno19 what did you do? Does this really work?

@princesslizzy5675

3 жыл бұрын

Congratulations

I’m 26 and had a 4K credit card! Using the snowball to pay it off it’s amazing and a great mental tool to see things getting checked off the list!

@MelAsYouSaidIssa

4 жыл бұрын

AW how long did it take? I’m in the same boat as you but at the start!

@grantv2313

Жыл бұрын

A whole 4K!? That’s about a 6 month payoff.

Have followed most of Dave's advice since January except I was so motivated and tired of being in debt that I've been doing the avalanche. Now the avalanche has essentially become the snowball for me because my highest interest debt has become the smallest debt as well. I am determined to be 100% debt free by this time next year.

@11bravo1789

Жыл бұрын

Well. Did you do it?

@chazzmccloud36

Жыл бұрын

@@11bravo1789 yes, inquiring minds want to know

My wife told me EVERYTHING in our house is on the chopping block. Came home one day and my dresser and chair were gone. True story.

@Bina6019

6 жыл бұрын

Well, you can't say she didn't warn you! LOL!

@jesse14

6 жыл бұрын

Dang!

@ImOldandSoAreMyBooks

5 жыл бұрын

Your wife should be debt free by now then!

@Kennyarnold16

5 жыл бұрын

you're next! lol

@matthewjones8798

5 жыл бұрын

Keep yer eyes on the kids...! 😂

When he says DAHBT 😂 it’s somehow satisfying

Dave is absolutely right about the hope. Before taking this class, I didn't have much of it and NOW I have that! I've already paid off my car so this thing WORKS!

"Sell so much that the kids think they're next"😂😂😂

I'm 27. Wish I found this 25 years ago!!! 😅😅😅

@Law_of_being

3 жыл бұрын

Me and you both

@hawabundu9012

3 жыл бұрын

😃

@hollychkhichekh2470

2 жыл бұрын

I’m 32 same!

I had to hop on to one of these videos to give my digital debt free scream. WE'RE DEBT FREE!!!!!! FEELS SO GOOD!!! Just paid off the remaining balance on my student loans!! No car debt, no CC debt...just my home. Ready for baby step 3! Thank you Dave!

I've been in debt since 2008. I finally had it in 2017 and got tired of the massive minimum payments on the credit cards. I told my family I'm selling everything and getting out of debt. I'm 2 payments away from being debt free. I'm so happy-it feels so good! It's hard you have to change your consumer habits but I'll never go back that way again.

@andrewscasualmtb

5 жыл бұрын

Awesome job. You rock. Kinda like me. Last year I finally had enough as well and had $14k in debt. I am close, only $3500 to go....wait...$3300 to go. Woohoo! The end is on the horizon I can see it. Now I can finally build wealth instead of a credit score. Excited for that one.

@socalindi8241

5 жыл бұрын

@@andrewscasualmtb Awesome! You'll have it paid off within the next year!

The debt snow ball has been working great for me and my family. It has been working so well that we have gotten to the point of living off just my income. Which is great because my wife lost her job due to the fact that the owner of the company was not wise with his money. Anyway even though she lost her job we are still on track to paying off our debt. Thanks!

@ImOldandSoAreMyBooks

5 жыл бұрын

You are both rock stars, congratulations!

am debt free now, i used my excel spreadsheet to monitor my expenses but now adopting the using of the envelopes and cash to be more in control. glad i found Dave. he inspires me every day to have discipline.

@ladieesc0

4 жыл бұрын

This is literally what I do lol

I started following David Ramsey's personal finance principles only 2 weeks ago, and I've already been nerding out with taking control of my debt! I feel like I have a plan now, and am looking forward to coming back here some day and celebrating being debt free!

You guys can do this! My husband and I did. I read your comments and are cheering you on. You got this!

I'm 26 just starting but I'm so grateful & happy I've found this man and his message! 🙌🏽

This podcast is one of my greatest motivators for financial freedom. My peers only care about fun now, which is a philosophy that deserves respect but it really isn't for everyone. I personally enjoy not being in debt.

I started on the debt snowball and after the first few credit cards were gone, I could really see the progress. However I had a lot of large amounts in high interest debt, where most of my lower amounts were low-interest/no interest. 55% of the money being put towards debt was getting eaten up by interest payments I shifted gears and started attacking the highest interest first (with the same motivation) and from my calculations it will save me 8 months in my debt-free journey. I still agree with dave's method for the majority of people, but once that motivation is there, I recommend highest interest first.

@kimharman9402

Жыл бұрын

Did you get it done? If so, have you stayed out of debt (besides the house)?

Great advice Dave. I just shared this with my 26 year old son. Your saying it may do better than me saying it. It definitely can be done! Great information, thank you!

I can't tell you how much I needed to hear this. Thank you for putting this up on TY. God Bless you guys.

Thank you for always being there for folks in a scary space, I just started my channel about budgets and I really appreciate your information. Can't wait to get started on my debt free journey Dave!

I think of myself as a logical person. But I know, like everyone else, I am emotional, because I am Human. The debt snowball is a great way to reduce debt. Because Dave is right, getting rid of debt is about hope and about building momentum and about reaching short term goals. Hence the success of this method.

So I’ve been selling everything and making it so that my life costs as little as possible just so I can get out of debt and most the people around me haven’t been very supportive Thank you I needed to hear this We getting out of debt!

I have paid off two major pieces of debt with this method when I could never succeed before. I still have a way to go but my next piece of debt will be gone in two months and seeing the progress feels amazing! This method truly works! Thank you Dave!!!

I needed to hear this. It literally *opens* my eyes, thanks Dave! 🙏

Dave Ramsey , you are giving me hope and motivation!!! Can't wait to be debt free !

I’m so glad my mom drilled “never borrow money” into my head when growing up. Once you’re hardwired in the brain to not have debt, you can think about debt in a more objective and unbiased perspective. And you can actually get a loan for good reasons and manage the loan well (e.g. for buying a house)

@notmebutyou8350

Жыл бұрын

Mom sounds like a really smart lady!! 🙂

@pb577

5 ай бұрын

My dad gave me the same advice but I was a hardhead.

4:35 "you can be a math wizard and still lose with money if you and your spouse are not on the same page" oh gosh that is extremely true...

When I paid off smaller amounts first automatically my credit limit increased doing snowball.. and yes I've paid more money in interest but my limit went up to 6k ! Boom!

@RKmndo

4 жыл бұрын

I started the same way. Eventually, you may develop the discipline and momentum to attack the highest-interest debts without getting discouraged.

Dave by the end of this week. I will have the first $20k of my snowball paid off. You have given me hope for a bright future. I had lost my job two years ago and got into a lot of dept. I started working about a year ago but didn't know how to handle this dept. I found your book in January and have paid off $20k since then by attacking my dept with gazelle like intensity. Still lots more to go but this is a huge win!

This guy is telling the truth, my wife and I did what he said two years ago. We have payed off 20g in debt and now are saving all of my pay checks and a good chunk of hers. We are able to live comfortably with five kids and save close to 3g a month. Thanks for the info David

I can't thank you enough for your help! I have been struggling looking only at the interest rates and I lost motivation. You're right about the debt snowball method being super motivating and it frees up money so much more quickly to pay those larger ones easier. Thank you so very much!

Thank you very much Dave Ramsey. This snowball concept is a real good gift for me for the new year 2020

Name the dog ‘Ebay’ and put him there. 😂😂

@joyfulrealtor

4 жыл бұрын

lol

@justinwells6795

3 жыл бұрын

I laughed at that too but when it comes down to it, my dog is part of my family and I could never give her up. If I had a cat, it might be a different story lol

It took me 10 years to get out of debt. If I can’t afford it I don’t buy it anymore.

Thank you Dave starting your snowball method start my new job Monday and getting tunnel vision on paying off my debt.

"Sell so much stuff the kids think they're next." "Name your dog Ebay and put him there." The best lol

I just paid off one of my $7800 student loans in one lump sum. $23,300 left!!

Started mine 3 years ago, still at it, the last few to go and they get faster and faster as you snowball them, and boy do you feel good

Paid off my credit card that was at 24 interest rate! I hate CC’s

Thanks dave. This is why im in counseling now because i am trying to fix my behavioral patterns and change my finances. Money is indeed more behavorial than anything. If debt were a math problem otd be much easier!

I've started the snowball method on my debt and it's working fine with me. I took your advice and I thank you.

So funny you posted this. Been watching you vids about a year now and always wondered why you don’t attack highest interest first. Now I have my answer. Thank you.

OMG this one video is going to change my life! I'm hooked. Love you, Dave!! I've been doing it all wrong.

This video is great. I love the topics and harsh reality that is people's economic habits. When I am out of debt I will definitely miss these videos!

Paid off one of the accounts today. It sure is a great feeling.

This method works! Since starting I have already paid off 2 student loans and my 1 and only credit card. I pay off my 3rd student loan next month and next is my car. It works if you remain consistent and focused! Don’t give up. If I can do it, you can do it too! ❤️

I heard about your shows. Just started listening today. Makes a lot of sense

93,000 in 30 months!!!

Psychologically it is more beneficial to get rid of the small debts first I agree. Getting one debtor after another off your back must feel great and I'm starting my snowball rolling.Thank you x I also look at things this way: the large debts I'm still winning cos I have their money and they don't have it. If I die before its paid off the debt dies with me. Win:win. Make the people who want to make most money out of you wait longest to get their money back.

Every video this guy drops Gems. So awesome, thank you!

I love you Dave. You have changed my life. I love your sarcasm and I love how you just say it like it is. I love it.

Epic episode. Thank you Dave.

I ordered our FPU kit and am starting a class this Sunday!

@graceandglamor

6 жыл бұрын

A B I’ve been watching DR and other financial planners by channels for two years now. My fiancé and I can easily afford the kit (currently on sale, btw) and feel the class will benefit us and allow us to meet other like minded people- thanks for your concern. 👋🏽

@tchrisou812

6 жыл бұрын

@Grace Culver You have the right mindset, like minded people are key imo

@graceandglamor

6 жыл бұрын

tchrisou812 it makes all the difference.

@graceandglamor

6 жыл бұрын

A B Like really...are you usually this concerned about other people’s $100?

@bradleymaravalli2851

6 жыл бұрын

Grace, I have been listening to Ramsey for the past year. I had read his book The Total Money Makeover. However, It wasn't until I took FPU where things truly came together. I budget and track every dollar. I feel confident on what to do in purchasing a home (when the time comes). And I'm no longer worried about how to save, invest, etc. It feels great!

Great information to get yourself out of bad debt! Thank you Dave Ramsey ❤

Gonna try this! Much needed! Update to come!

God bless you Dave. My life changed 2 days ago when I finally opened your “Money Makeover” book that had been a paper weight (literally) for debt receipts and past due bills!! True news. Not sure what it was that made me randomly open it, but if you hadn’t sent me that book for free a couple years ago, well we all know the rest... thank you! 🙏✌️

I just took over our desperate finances, and the snowballing has begun. My cat is supportive.

Thank you for your advice!

I will start this today. Thank you.

Dave is the difference between wisdom and knowledge

@corneliusifechukwu503

Жыл бұрын

Why

@tylersanders2388

Жыл бұрын

@@corneliusifechukwu503 Dave struggled through real life and learned his lesson. Knowledge is to use raw numbers instead of listening to what Dave learned

I started in January and my first debt will be paid off next month! I have a few more to go but I am excited to keep going!!

@ImOldandSoAreMyBooks

5 жыл бұрын

You are doing a great job, keep it going!

@jazzyk4046

3 жыл бұрын

How's it going?

@DIYwithTanya

3 жыл бұрын

@@jazzyk4046 All debt is paid off besides one car and the house!

@johnhrnz521

2 жыл бұрын

How do you pay off your debt? Just by saving ?

@DIYwithTanya

2 жыл бұрын

@@johnhrnz521 yes saving helps. Pay off your smaller debt first, then take the money you would have put on the smaller debt and add it to your payment for your next smallest debt and just keep going.

God bless you Dave Ramsey! Just finished your awesome book The Total Money Make Over which has now inspired me to live on on just 75% of my take home. Working through the baby steps and just wanted to thank you for the HOPE you've given me!

@markd6838

5 жыл бұрын

I'm the opposite and save 75% of my take home pay

Great motivation. I'm on it currently

Put the cat on Criagslist, We're getting out of debt.

@michaelr8128

6 жыл бұрын

I would like to purchase your cat, please.

@285carmelfrapp

5 жыл бұрын

**DAAABT

@vitaliygerasimchuk2565

5 жыл бұрын

EpyonRoyal y

7 months to being debt free. Almost there

@mountiescorner

5 жыл бұрын

Tony G hey! Me too! I’m aiming for 3 months. I want that Christmas /New Years gift to myself How much you got left? In 11 months I paid 5k credit card, 20k personal loan, 15k car, cash flowed a wedding/honeymoon for 12k, All that’s left is 35k on car loan and 10k wife personal loan.. I’m going crazy on this thing Let’s motivate each other lol

@watchmesave4912

5 жыл бұрын

@@mountiescorner that's great. The finish line is so close.

@Psyberify

4 жыл бұрын

Did you make it?

Been using this approach to pay off my student loan debt, having graduated in 2017. Only one more loan to go, which I've projected I can have paid off by October at the latest (though I'm hoping I can push for September for no other reason than that I figure the sooner it's done with, the better)! And no other debts. Fortunately, I was never fooled into signing up for a credit card. And the two cars I've ever bought were both old beaters that I paid for in cash immediately. My student loan debts have been my only debt and I have to say, it'll feel _weird_ not having a hole to throw all my money into after October...

Started doing this this year. I’m down to two credit cards left with 3 paid off so far. It’s such a good feeling to see less negative numbers in your life!

We became DEBT FREE (except house) in December 2017! 37,000 of debt paid off in 18 months (school loans and car loan)!!! (Not easy in Canada with high mortgage rates, taxes, inflated food and gas prices and extremely insane daycare prices!) I made 90 k but take home more like 60k after taxes. Daycare costs 50-60$ a day. A small 1400 square foot town house is 300,000....crazy lol

@nancyaguirre1784

6 жыл бұрын

Dexter this motivates me.. i have 7K to pay off.. if you can pay 37K in 18 months i can easily pay mine! 💪🏼 👏🏼

@pepperface2

3 жыл бұрын

@@nancyaguirre1784 how you doing on your debt? I pray you're doing well

@nancyaguirre1784

3 жыл бұрын

@@pepperface2 hello! Thank you, i now just have a mortgage that i want to pay off

We did the highest interest rate first and it worked..but you have to really want to do it. You also have to be good with long-term rewards instead of the faster reward you get from the snowball method. It's all a mental game really.

I have watched this video over 10 times keep me strong when payday comes and I pay of my debts month by month im half way there to be debt free head up keep strong and battle to be debt free

this is a blessing

Paying the high interest rate one first can work, if you're enough of a math nerd to perceive (and hate them for) the hurt they cause on your finances and family. If you HATE it with enough of a passion, you'll attack it. But Mr. Ramsey is right, you have to be passionate and focused about it. I was somewhat lucky that some of the higher interest ones of mine were small.

I need to listen to this everyday. every. single. day

OMG this was so spot on and funny, love it

This is powerful! Even more true in 2023. Life changing!

I'm 6 to 8k in debt. Just started on the 1st and now it's on from here. Thanks Dave.

@littlesongbird1

3 жыл бұрын

You can do it! I love his method and my friend started using and is making good progress. Just keep at and focus on your long term goal: getting out of debt.

@MShah-ch6st

Жыл бұрын

How is it going right now? Already settle your debt?

Getting out of debt isn't just about math. It's about what psychologically is going to WORK! What is going to make you continue and want to do it and do it fast. Lets say you have a cc that is your highest interest and that it's 10k even if you pay 2,000 a month on it it's still 5 months before it's paid off. Almost half a year! Your not going to want to continue doing that! But say you start with your smaller card and your some loan or you just pay off some of the smaller payments and you start knocking out a line item every week or 2. All the sudden you FEEL like you've done something and that gives you motivation to continue. Not to mention when in 6 months you've paid off 10-12 line items and all the sudden you can attack that card at 2,500 or 3,000 a month it's gone in 3-4 months.

I am 21 years old going on 22. I dropped out of high school at 17, but am now getting my diploma through my job that offers free schooling. I will graduate this coming May. I have never had debt other than a few hospital bills which none were over $1,000 and together they only equate to maybe $1,000-$1,500. I don't have a credit score because I haven't done anything to build a credit history. I just made it to the 1st step and now on my way to tackling my tiny tiny debt. I am lucky to have found this 7 step plan. so much relief just thinking about the freedom from unnecessary stress. thank you.

I tried this method years ago and it ended up backfiring for me. While paying smallest debt with double or triple payments, I was paying the largest debt with minimum payment. 6 months into this, the company with the largest debt contacted me and informed me that a minimum payment was not "satisfactory progress and considerd it a risk", and as a result they doubled the interest rate. I immediately stopped using the debt snowball and started doing 0% balance transfers for large chunks of the debt. Worked like a charm! Paid off over $28k in two years and saved $1000's in interest!

Thanks Dave, everytime I stop listening to you for awhile , I forget and start misbehaving again. Again, thanks for keeping me on track...