How To Pay Off Debt Fast (3 Methods)

  Рет қаралды 3,152

Wealth for Women of Color - Lissa Prudencio

Wealth for Women of Color - Lissa Prudencio

Күн бұрын

In this video I talk through how to pay off debt fast using a debt payoff plan -- whether that's the debt snowball, debt avalanche, or a hybrid method. I also walkthrough a spreadsheet template for creating your plan, which you can get here for FREE! w4woc.com/debtsheet ✨
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/ @wealthforwomenofcolor
▻▻ connect with me! 👋
➤ tiktok: / wealthforwomenofcolor
➤ instagram: / wealthforwomenofcolor
➤ website: wealthforwomenofcolor.com/
▻▻ timestamps 🕒
00:00 Start of video
00:41 Agenda
01:22 Who I am
01:41 Mindset shifts to make
03:38 Debt payoff plans
07:37 Debt snowball vs debt avalanche
09:13 Hybrid method
11:41 Spreadsheet walkthrough
20:11 Bonus tips
20:20 Cash flow audit
21:43 Debt payoff calculator
▻▻ resources & links mentioned 📚🔗
➤ Debt payoff spreadsheet template - w4woc.com/debtsheet
➤ Cash flow audit template - w4woc.com/cashflowsheet
➤ Debt payoff calculator - www.creditkarma.com/calculato...
►► DISCLAIMERS
⚠️ AFFILIATE DISCLAIMER: Some of my videos and descriptions may contain affiliate links and sponsored content. This means I may earn a small commission if you use these links, at no extra cost to you. With that said, I only recommend products or services I have personally vetted or used, and that I think may be helpful!
⚠️ CONTENT DISCLAIMER: This content is strictly for educational and informational purposes. Lissa does not provide legal, tax, or investment advice. While she is an Accredited Financial Counselor®, her content is not intended to offer investment advice or serve as a substitute for personalized financial guidance tailored to your specific situation.
▻▻ hi! 💁🏽‍♀️
I’m Lissa - an Accredited Financial Counselor®, personal finance expert, speaker, and so much more ;). I started Wealth for Women of Color because not enough women of color have a welcoming space to openly learn about money and building wealth. Join my community of 🏆winners🏆 who are building wealth, by subscribing and checking me out on other platforms.
💌 p.s. keep acquiring assets!
#personalfinance #wealthforwomenofcolor #financialeducation

Пікірлер: 10
@wealthforwomenofcolor
@wealthforwomenofcolor 2 ай бұрын
Here's the link to join my mailing list & grab the FREE spreadsheet template! ➤ w4woc.com/debtsheet ➤ Let me know if you have any questions!!
@hunterandchavy
@hunterandchavy 2 ай бұрын
I agree if your debt has a high interest rate (29%) then payoff that debt. A index fund has a historical rate of return is about 8-10% so it would be wiser to pay off the debt first. Thank you Lissa for this video 😊
@s.n.e.8941
@s.n.e.8941 2 ай бұрын
I'm looking at your video for the first time. Huge thanks for wanting to educate and inspire women of color. Thabk you!
@wealthforwomenofcolor
@wealthforwomenofcolor Ай бұрын
aw thank YOU for watching :) !!
@PaolaGutierrez-wh5ch
@PaolaGutierrez-wh5ch 2 ай бұрын
absolutely loved this video, thank you!
@wealthforwomenofcolor
@wealthforwomenofcolor 2 ай бұрын
Thank YOU for watching! Do you have any debts to pay off? let me know if you have any questions about creating your plan!📝
@barbarafallin2038
@barbarafallin2038 2 ай бұрын
I did the Avalanche method ,and now I am debt free
@wealthforwomenofcolor
@wealthforwomenofcolor Ай бұрын
That's amazing, congratulations!!! How many debts did you start off with?
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