ACCOUNTANT EXPLAINS The FASTEST Way To Pay Off Debt in 2024 (With Live Tutorial)

00:00 Start here
01:51 Step 1
03:43 Step 2
05:51 Step 3
08:22 Step by Step Live Tutorial & Free Template
18:33 Tips to Keep You Motivated

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📸 Instagram: @GabrielleTalksMoney
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WHO AM I:
Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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*This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).

Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation.

[nutech]

First step: find someone to hire you in 2024 😂

[racheludehjackson]

I can totally identify with cutting down the lifestyle to tackle debt. I had to stop buying designer bags and eat at home instead of ordering out every week with friends. Then I took that money saved and made a payment arrangement to tackle my closed credit card to be paid off in just 12 months. Then I use “bonus money” that I accumulate through reasonably getting rid of my wants (and funding my needs) and put it in a high yield savings on auto pay. 👍🏾

[wryterzblock]

Good grief, some people's children are just going to nitpick no matter what. I could hear and see you perfectly fine. And I am very glad I came across your content. Looking forward to checking out more.

[koreabboy]

Getting a credit card that offers Balance Transfer @ 0% (with 1-3% fee) seems like a great option to keep all debts in one basket. It also forces you to not to use the card so it slots you perfectly for aggressive debt payments.

[Hairitage]

Very helpful content!! Thanks so much!!

[lulabloom]

Thank you! Great video, detailed and very encouraging!!

[richthepup]

Hello, well done video! Thanks for sharing

[joyceawesome]

Your video is very practical. Not just talk. Well done.

[choosetoshine]

Excellent content and delivery! New subscriber. ❤🎉❤

[shanrathenam]

Omg...watching from cape town south africa....in your video at 0.18 sec u inserted a video from blouberg strand showing table mountain in Cape awesome..m thk u...that's my city

[vulpixelful]

The "debt avalanche" method is waaay more efficient and will save you more in interest. It's fine to prefer the "debt snowball" personally, but if you are paying off debt _especially with a low-income_ and high debt balances you can't really afford to pay more interest for the sake of your feelings 🤷🏾‍♀️

[Love-Is-Kind]

Thank you for sharing this information and the resources to help others gain control of their finances. Stay healthy and take care.

[safeandeffectivelol]

Get a 0% interest card and pay all of your expenses with it. Pay off any debt with high interest with your income. Keep doing that until all your debt is paid off. It's the interest that is killing you. No balance transfer fees or interest. Get a gig job if you have to. Put any bonuses towards the debt with interest.

[VirtousStoic]

Even though not all your content is for me. I truly respect and appreciate your great content. Keep it up❤

[kunalbabbar]

Great Information!
Thank you for sharing!

[hunterandchavy]

Thanks Gabrielle. I think debt costs. Missed opportunities bc we are busy paying debt and working like crazy to pay for a mortgage, car, or expensive clothes that does not move you closer to financial freedom

[mecathompson]

Hi! This has been so helpful. Love how you explained everything. I've listened to W Buffet explain this numerous times but this was better. Thanks so much! Will check out your other videos!!

[DC-cdtv]

Very good video and very generous with your free templates and advice.

[DC-cdtv]

Peace of mind was my biggest why as well. It is amazing what debt can do to your psyche; a constant concern.
1. Schedule Uninterrupted Time: Definitely a great idea, remain consistent and on top of things
2. Create a Plan: I like the Snowball method as well. The Avalanche method did not keep me inspired

3. Take Action: Getting out of debt CANNOT be done without a Budget. No ifs, ands, or buts.
Good, basic, Get Out Of Debt video. The most frustrating thing for me was the length of time it can take and staying motivated. These steps will help you as you see your credit score go up and your debt go down. Ugh, a lesson to never get in debt again (if you can control why you got into debt in the first place.)

[jle]

I rent. Always debt. Utilities. Car insurance. Maintenance groceries taxes. $2000-$3000 month at least for life