7. The FASTEST Way To Pay Off Debt!
02/11/20 • 37 min
Welcome to episode #7 of The Debt Free Dad Podcast. So you want to pay off debt, so what’s the best and fastest way to make that happen? Find out in today’s show, stay tuned.
In this show, we’re going to go through the conventional methods people are using to get out of debt. We’ve used some of these methods, most of them don’t work, and only a few have proven to be successful. A big part of getting out of debt is paying it off, and if you choose the wrong approach, that could keep you in debt longer than you have to be, which could cause you more stress and frustration and could even cause you to quit. We don’t want that for you. All three of us have paid off a considerable amount of debt successfully, and the methods we share have helped people save and pay off millions of dollars.
What You’ll Learn
- What's worked and hasn't worked for us. (Learn from our mistakes!)
- Demystify some of the highly marketed methods. (But do they work?)
- Studies show that this is the MOST effective way to pay off debt. (Find out what it is.)
Question of the Show
"Hey Brad, I am paying off my debt using the debt snowball method. I have two debts that have very similar balances due, only separated by about $300. The higher of the two has the highest interest rate. Would it be ok to flip these two and pay off the higher interest rate first?"
Resources Mentioned
Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days
- The Totally Awesome Debt Freedom Planner
- For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.
Free Tools and Downloads at www.debtfreedad.com
Connect With Brad
- Website - https://www.debtfreedad.com
- Facebook - https://www.facebook.com/thedebtfreedad
- Private Facebook Group - https://www.facebook.com/groups/lifewithoutpayments
- Instagram -
The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner
Connect With Brad
Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured
Thanks For Listening
Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube
We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.
Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!
Welcome to episode #7 of The Debt Free Dad Podcast. So you want to pay off debt, so what’s the best and fastest way to make that happen? Find out in today’s show, stay tuned.
In this show, we’re going to go through the conventional methods people are using to get out of debt. We’ve used some of these methods, most of them don’t work, and only a few have proven to be successful. A big part of getting out of debt is paying it off, and if you choose the wrong approach, that could keep you in debt longer than you have to be, which could cause you more stress and frustration and could even cause you to quit. We don’t want that for you. All three of us have paid off a considerable amount of debt successfully, and the methods we share have helped people save and pay off millions of dollars.
What You’ll Learn
- What's worked and hasn't worked for us. (Learn from our mistakes!)
- Demystify some of the highly marketed methods. (But do they work?)
- Studies show that this is the MOST effective way to pay off debt. (Find out what it is.)
Question of the Show
"Hey Brad, I am paying off my debt using the debt snowball method. I have two debts that have very similar balances due, only separated by about $300. The higher of the two has the highest interest rate. Would it be ok to flip these two and pay off the higher interest rate first?"
Resources Mentioned
Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days
- The Totally Awesome Debt Freedom Planner
- For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.
Free Tools and Downloads at www.debtfreedad.com
Connect With Brad
- Website - https://www.debtfreedad.com
- Facebook - https://www.facebook.com/thedebtfreedad
- Private Facebook Group - https://www.facebook.com/groups/lifewithoutpayments
- Instagram -
The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner
Connect With Brad
Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured
Thanks For Listening
Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube
We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.
Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!
Previous Episode
6. How to Save $1,000 Fast
Welcome to episode #6 of the Debt-Free Dad Podcast. If you want to get out of debt, paying off debt isn’t the first step, I know that sounds crazy, but so many people make this critical mistake. In today’s show, we are going to reveal the first step you should focus on and give you some ways to make it happen.
We are sharing tips to help you build your first emergency fund! If you want to get out of debt, paying off debt isn’t the first step, and I know that sounds crazy, but one of the primary goals you should have is to save. One of the reasons why people go into debt in the first place is because they don’t have any money, and that’s a bad habit that you need to break, and you want to replace it with a good practice like saving money.
According to a GoBanking Rates Survey: 58% of people have less than $1,000 in savings, and 32%, that’s 1/3 of the population have nothing saved at all.
What You’ll Learn
- Why saving is so hard.
- Why having an emergency fund is crucial in getting out of debt.
- Urgency is critical when you first get started.
- Tips to help you build an emergency fund.
Question of the Show
"Hey guys, I am having trouble getting my spouse on board with our finances. Can you guys offer some tips I could try to get them to care about this? I am stressed and I am tired of having to do this on my own."
Resources Mentioned
Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days
- The Totally Awesome Debt Freedom Planner
- For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.
Free Tools and Downloads at www.debtfreedad.com
Connect With Brad
- Website - https://www.debtfreedad.com
- Facebook - https://www.facebook.com/thedebtfreedad
- Private Facebook Group -
The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner
Connect With Brad
Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured
Thanks For Listening
Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube
We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.
Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!
Next Episode
8. How Your Tax Refund Could Be Hurting You
Welcome to episode #8 of The Debt Free Dad Podcast. Did you get, or are you expecting a tax return this year? If so, you may not want to throw your hands up in celebration just yet, because your tax return could be putting more stress on your financial life.
I’ve had the privilege of helping many people get on a plan with their finances. In our membership site, Roots of Personal Finance, we teach our members a straightforward process that helps them learn how to budget, save, and crush debt for good. While helping these people, I tend to find that many who are struggling and living paycheck-to-paycheck are receiving sizable tax refunds. It’s not uncommon for me to see, $2,000, $3,000, $5,000 or even more.
If you’ve been consistently receiving this amount in refunds each year, but are struggling to make ends meet, I want you to consider making some changes that will help you throughout the year.
What You’ll Learn
- What a tax return is and isn't. (This might shock you!)
- How your tax return could be hurting your finances and adding more stress.
- How your tax return can be a springboard towards your debt-free journey.
Question of the Show
"I just paid off my credit card, should I close the account or keep it open? I’ve heard it will affect my credit score."
Resources Mentioned
Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days
- The Totally Awesome Debt Freedom Planner
- For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.
Free Tools and Downloads at www.debtfreedad.com
Connect With Brad
- Website - https://www.debtfreedad.com
- Facebook - https://www.facebook.com/thedebtfreedad
- Private Facebook Group - https://www.facebook.com/groups/lifewithoutpayments
- Instagram - https://www.instagra
The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner
Connect With Brad
Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured
Thanks For Listening
Like what you hear? Please, subscribe on the platform you listen to most: Apple Podcasts, iHeartRadio, Spotify, Tune-In, Stitcher, YouTube Music, YouTube
We LOVE feedback, and also helps us grow our podcast! Please leave us an honest review in Apple Podcasts, we read every single one.
Is there someone that you think would benefit from the Debt Free Dad podcast? Please, share this episode with them on your favorite social network!
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/the-debt-free-dad-podcast-310795/7-the-fastest-way-to-pay-off-debt-44852867"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to 7. the fastest way to pay off debt! on goodpods" style="width: 225px" /> </a>
Copy