Debt Payoff 101: The Basics of How to Get Out of Debt

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What's good fam!? Today I'm teaching all about how to get out of debt, including the tried-and-true steps to get out of debt, created by my friend, Dave Ramsey. I even share the truth about being debt free and debt-free living.

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🤚🏾$67, 000 in student loans… was in $20, 000 in consumer debt and I paid it down to $3, 000 and I hope to pay this off by March 23

t_nico
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🤚🏾I was in $146, 000 in consumer debt, and now in $11k in debt... It took me 11 years to get this down and I plan to get rid of this in 3 more months! God has blessed me and soon it will be my time to bless others!

john.y.cooper
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I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

Riggsnic_co
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👋🏾 $26, 000 left in student loans. Started off with $85, 000. Thank you for your prayers and wisdom.

chanellewilliams
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$135, 074.48 of debt, will be finished this week!!!! I'm already planning my trip to celebrate! For those out there starting the journey or in it, take it one day at a time. Remain focus, and surround yourself around people that will support/encourage you to achieve your goal.

chargerdagame
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I decree and declare that I will be out of debt and achieve financial freedom in Jesus name!!! Amen

sonyahferris
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👋🏽 My daughter was murdered and I fought the system in another state to get my grandchildren. I lost everything but thank God I have full custody of my grandchildren. We are starting from ground 0 however, I know God is able and will do for me as he did for Job. I don’t give up. Pray for my family and myself please. Thank you.

TLashell
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Me stressing over being $1500 in debt then hearing what everyone else’s ammount is

willdadon
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I remember praying about continuing to pay off debt when the world shut down in March 2020. I was so close to the end, but worried about losing my job because of the pandemic. Prayer got me through. Kept the job and was debt-free within 2 months. No going back.

teresacryer
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Two things can be true at the same time. Discrimination against African Americans exists (i.e., higher interest rates, repressed home values, etc.) and we can make personal changes to improve our individual situations by educating ourselves in financial literacy.

yolandaingram
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“Financial struggle is often the result of people working all their lives for someone else.” - Robert Kiyosaki

KiyosakiSays
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👋🏽🙏🏽 I will get out of debt and achieve financial freedom for myself and loved ones, thank you for this, I needed to hear this . Amen

Jdtatz
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I'm debt free. I'll tell you it's hard to make friends because of mindsets.

williampaul
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The Lord definitely led me to this channel I’ve read the money makeover and have been diligently working to get out of debt. Jesus wants us to prosper & multiply, with Him anything is possible! Loved this video! I receive miracles and will continue to be a great steward of my money☺️👋🏼

ProsperLaneMinistries
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I will be DEBT FREE in Jesus Name! For my family and to be a blessing to the Kingdom of

halimaspencer
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Getting off social media is People who are in debt should be reading self help book. Learning what the wealth do. One thing I can guarantee is that they are not wating time on social media.

debbiieesmiles
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We gonna make it y’all! We gonna be alright and get out of debt! In Jesus name I believe it, I receive it. Amen

PreciousSullivan
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👋 I have been losing sleep because of my credit card debts and watching your video gives me so much hope to tackle this major problem. Brought me to tears when you ended it with a scripture passage and a prayer. It really touched my heart when you said a prayer for us who are in debts. I do need a miracle🙏 God Bless you!

jocelytcomisky
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AO I'm a Gen X 'er and 152, 000 in debt. My plan is to pay it off in 4 to 5 years .Keep teaching cause we are listening thanks bro

coreyfarrior
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I’ve been watching you from Dave Ramsey. Dave is awesome and you are awesome too. I love what you are doing for our people. God bless you and Dave for what you are doing!

douglasbennett