5 Ways to Get Out of Debt Faster

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[stuemler]

I've cut up two CCs in the last TWO Months!

[jessiemad]

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.

[tcgtpl]

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).

[lindadorman]

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.

[rockymountainfacet]

My wife and I are debt free. Just about to finish baby step 3! Wow it feels so good

[carolannstevens]

Preach it sweet Rachel!!! I am super proud of you!

[bite-sizedshorts]

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.

[debbieweibley]

I have $1, 700 left on my car. I'm hoping to get it done this month.

[daniellephillips]

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.

[kayhutson]

Mine was to stay focused on the Dave Ramsey Baby Steps. Almost done with Baby step 1

[F.A.C.E]

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!

[lydiah]

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!

[darlahkelley]

Thank You Rachel Cruze. HAPPY ❤️ 2023 New Year's.

[judy]

thank you queen paying off 9k in credit card debt by March 15th!!!

[scratcherscratcher]

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!!!

[tristan]

Young people....life is alot easier when you don't start loaded in debt.

[javontedonuts]

I just brought a budgeting books with envelopes to put money in this yr definitely going to be different

[BiesingerFIREJourney]

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!! :)

[charanjit]

Thank u for the video. I'm from the u.k.

[Thefarm]

Thank you for all your encouragement!!