5 Tips to Get out of Debt QUICKLY in 2020! (Simple Living)

We are not trying to brag or say we did it all right! But we have successfully gotten into consumer debt (over $100,000) and back out again. Today we share our favorite tips so that you can get out of debt quickly, too!

🎬 Video clips in this video are from these Debt Free Screams:

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[emilyschafer]

I'm in baby step 6, single mom making $38, 000 and I have one 1/2 years untill my house is paid off!!! I'll be on the Dave Ramsey show soon!

[daniellejohnstone]

I wish they taught all this everyday life needs in school.
Bills, mortgage, budget, etc!!!

[anitaakin]

When we turned 50 we were blessed to become debt free and be on Dave Ramsey radio program and scream...we are debt free!!! We are 65 now and our only regret was that we didn’t do it when we were young!!! Besides salvation it is the biggest life change!!

[stephaniecranmer]

We are on baby step 2. The longer I'm a minimalist the more I think that minimalism and debt free living go hand in hand.

[tristaleigh]

I'm 3 payments away from having my first of three credit cards paid off, & snowballing onto the next! I plan to be debt free by this time next year!

[Authenticallyapril_]

5:01 is when Dawn said that Tom can buy any truck that he wants to buy. Let it be known! 😂

[MandyLynnPlans]

Our big goal for 2020 is to pay off the HOUSE!!! 🤗 We’ve been doing Dave Ramsey’s plan for years!

[lisarivers]

You guys are so right, that's exactly how I felt. My interest was so high on ALL my cards that I just couldn't keep up and year after year it was not getting any better. So
4 1/2 yrs ago is when I finally committed to making a change and actually as of last week
4 1/2 yrs later I made my LAST payment of 30k+ of debt. I finally feel like a mountain was taken off my shoulders. Now next is to finally commit to declutter 😨.

[anitabeaudoin]

We LOVE Dave Ramsey!! A friend gave us his book, Total Money Makeover, and we embraced it and had a total mind shift! It took us exactly 7 years from start to finish, but 3 years ago we paid off the mortgage! We had a mortgage burning party with our kids and yelled, "We're debt So liberating! I made little charts and colored in the amounts, to stay motivated. Sometimes it felt soooo far away and daunting, but I just kept repeating Dave's quote.."Baby steps, all in the same direction, eventually get you where you want to go." :)

[lindamarsden]

Tom & Dawn, I'm so grateful for your encouragement and honesty. I use to be a financial disaster and could not see a way out from under all the debt. Like you I found Dave Ramsey and have been totally debt free for over 15 years. Also like you it has not been easy. But it is so worth it. I pay cash for my cars, own my home and have no credit card debt. I have $10, 000 in my savings account for emergencies plus investments and now that I am retired I am not worried about my future. I've learned the difference between wants and needs. If you asked me 15 years ago if I was capable of doing this I would have doubted my ability. Just like Tom said, "anyone can do this...." God bless you, you are changing lives.

[thedalbofamily]

You're not crying, I'm crying! Tears are actually flowing down my cheeks! I am so blessed that you two angels from heaven created this video! I've been on baby step 2, by myself for almost 2 years now. I really think I'll be able to get my husband on board though, after he watches this! We have those exact same conversations! Thank you both so much!

[marieradatsz]

I got into debt by no longer being able to pay my mortgage and bills.I had two strokes which I am glad to say did not affect me physicallt apart from I now sometimes drop things with my left hand. I do now have expressive dysplasia and struggle in crowds.I feel really blessed now as I was able to sell my house which I loved and did mot want to sell. Following much prayer I yielded and that is when God took over.I saw my current house on the Monday viewed it Wednesday and sold mine on the Friday. The bank was about to forclose on me .The immense feeling of relief I feel I cannot put into words. Even though I can't work now because I live frugally I want for nothing I need God is goodhe is my provider.x

[rebeccan]

As soon as I read the title, I guessed you might be Dave Ramsey people!
I love listening to Dave each day. 😀

[alenatorres]

Our main goal is hitting FIRE (financially independent, retire early). Thankfully we're debt free besides our mortgage.
Isn't it crazy how cars have become part of people's identity?

[rachellehman]

This is THE BEST Youtube channel! It has everything: Minimalism, Family, Jesus, and Dave Ramsey. It aligns with everything in my life. I am so thankful for you guys and your content! Our church offered FPU in September 2018 and in the last year we got out of debt, saved our FFEF, paid cash for a new to us car, and now saving to pay cash for our first home! We will never go back into debt again.

[steph]

I remember the day I got debt free. We’ve never been in debt since! BEST DAY EVER!! so much less stress

[lesliemorris]

Nearly 2 years ago we paid off our mortgage making us 100% debt free and we will never go back in debt again! We found our inspiration in scripture and kept that in front of us. Since then we’ve been doing some remodeling and upgrading in our home with cash. We have 5 children and are not even 40 yet. Truly by the grace of our Heavenly Father could we achieve this. He is so faithful! Dave Ramsey study was a huge stepping stone for us also.

[kellymary]

Huge Dave Ramsey fan here!


We're on baby step #2.

[Authenticallyapril_]

Seeing Cinythia and her family in this video even without the sound I cried because it’s my favorite DFS of all time.

[jenl.]

YES! Love this! I would add #6, which is two-fold; stop caring what other people think of you & your things AND stop comparing yourself to others & the things they have.
Once I did this our whole world changed for the better. Our budget changed, our view of possessions and money changed, our whole financial future changed. Most importantly, the legacy we are leaving for our kids changed, in that what we're teaching our children about money and possessions became a totally different narrative than it was pre Dave Ramsey.