5 Ways to Get Out of Debt Faster 

I have $1,700 left on my car. I'm hoping to get it done this month.

I've cut up two CCs in the last TWO Months!

My wife and I are debt free. Just about to finish baby step 3! Wow it feels so good

I started selling stuff as a side hustle and did so well it became my full-time job. Now I earn more than I made before working for someone else, plus I set my own schedule and have no commute. Another tip is, when you do want to buy stuff, buy from resellers. I sell both new (never worn or used, some with tag) and pre-owned items, all in excellent condition, for a fraction of the price. We both win when you support a small business like mine.

We paid off $8,000 in the first 90 days of starting thanks to focused intensity and selling items! We have a plan, and we can see the light at the end of the tunnel.

Mine was to stay focused on the Dave Ramsey Baby Steps. Almost done with Baby step 1

Young people....life is alot easier when you don't start loaded in debt.

1. Shift your focus. 2. Pay off debt using the debt snowball. 3. Get on a budget. 4. Sell stuff. 5. Get a side hustle. LOL @3:20 - The debt snowball is the fastest & most efficient way to get out of debt. @3:30 - Some people look at paying off the highest interest rate first, and that's math. And they're correct. The bottom line is you should be sticking to a plan to get rid of your debt, whether it's the debt snowball or debt avalanche. The quicker you pay off your consumer debt, the less of a difference there will be between the debt snowball (pay off smallest debts first) & debt avalanche (paying off highest interest rates first).

I'm getting out of debt this year. Getting my 4 walls caught up now. Then my baby EF. I'm gazelle intense. Using my every dollar app every day.

I started my skincare company Aug 2022 and I’ve made over $20k in sales in 4 months. We’ve paid off our car loan, credit card & we can’t wait to pay off the rest!

I have a budget out to 2030. It includes all bills and all incomes assigned to dates. I also have an amount for food, medicine, etc. each week. By plotting this out, I can see when each debt will disappear. Everything will be paid off, including the mortgage, in 5 years.

Love this so much! Exactly how my husband and I paid off our debt 6 years ago and debt free to this day, including our house!

Preach it sweet Rachel!!! I am super proud of you!

thank you queen paying off 9k in credit card debt by March 15th!!!

Thank You Rachel Cruze. HAPPY ❤️ 2023 New Year's.

Happy New Year and new behaviors

Great Video! I binged watched Dave Ramsey and paid off all my credit card debt in 4 months and am debt free! I have your book and I love the Spaghetti story! Please keep making these great videos!!!

Thank u for the video. I'm from the u.k.

Thank you for all your encouragement!!

Definitely agree that getting out of debt isn't all about math. Using the debt snowball was HUGE to help me pay off all my student loans before graduating with my MBA. Very grateful for the baby steps and for these videos!! :)

I just brought a budgeting books with envelopes to put money in this yr definitely going to be different

Side hustle here ❤❤❤❤

How do you deal with debt that is in collections on your credit report?

I sold parts off an old car and got my 1000$ and paid off my first debt in the snow ball. Also picked up a weekend Kobe that pay and extra 560$ a month

Also, take debt off the table. You must proclaim in your heart and soul that you are a person who doesn't see debt as an option...in ANY scenario going forward (except buying a house). Don't find yourself with $6,000 less debt in a few months and see all that margin and go buy a couch at no interest over 3 years!! Change that mindset!. No more debt, not just when you're working hard to get out of debt, but forever! Be intentional with your money going forward. If you want that couch, budget for it, save up ahead and then go use your debit card when you have the money. Just as easy and so much more rewarding. Take debt off the table! Not an option ever again. If you want a new car and payments will be $500 a month for 4 years, well, set aside $500 a month for 4 years in a separate savings account earmarked for a car and then go buy the car. You're still "making payments" like you think you can afford, but you're making the payments to yourself and then buying when you have the total. It's called planning ahead and staying out of debt. This is what it means to budget. You're not budgeting your money to decide how to pay people you owe anymore. Once you're out of debt you're budgeting your money so you can plan and buy the things that are important to you. It is so peaceful. Do the things Rachel suggests with gazelle intensity. Learning how to budget while in debt will carry over to budgeting when you're out of debt and you can finally have the things you want because you know what's possible within your income, and do it with peace!. ❤️

Costco has made changes to their credit card. Just a heads up.

I've got 9k of debt and I will get out by August. This year but baby step 1 is harr at the moment so I'm trying to sell stuff to get it becuase I'm on a low income. But will get there! Let's go! Thank You!

I'm really struggling to find valuable semi-flexible side hustles. Not in debt yet but there are some huge expenses about to hit with medical.

getting out of debt is almost exact same process as losing weight.

Success depends on the actions or steps you take to achieve it. Show me a man with no investment and I'll tell you how long it takes to fail. The investment creates a safe haven for the future. With the right choice of investment that has at least a minimum risk of 2% and with expert advice, profits and interest are 100% guaranteed.

Rachel I just happened to watch a video and I saw you on it? It's the best thing that happened to me recently because I need some solid advice on what to do to handle my debt! I'm totally hooked on your videos! I'm going to try the snowball solution you recommend because I need to start somewhere,it makes sense to me. I already picked up a part time gig for extra money 💰! Thank you, thank you,thank you your my inspiration!! Jack from Boston.

Edit the gazelle metaphor lol

I paid my discover bill off last year. I owe 700.00 to kohls. Due to christmas. We have mortgage no car paynents.

Where do you get your clothes?

Pain off debt

Step 1: Have your father become a best selling author and nine figure real estate investor while you’re a child. Step 2: winning!

Does the single tone noise in the background drive anyone else nuts?

I want to add a 6th way. GET A JOB!!! I know people that are doing everything in their power NOT TO WORK. I know that's insane, but they are there. Thanks Rachel...👍🏿

Don't live beyond your means. Pay your debts down. My #1 way? I live off the grid, own 3 properties.

women like this do not exist anymore. Yes, that was a compliment.

How about you start by cleaning the fn dishes!!!

Just a big pile of nonsense here. High interest rate debt for example 20-30% interest rates on credit cards can be crippling. Clearly paying off that sort of debt is much, much more important than paying down a 3% car loan. It must be almost painful to have to spout such nonsense we see here. I suppose poor Rachel has to propagate the Ramsey nonsense in order to keep her job. I find it hard to believe that she does not know better.

Money is math, it’s all numbers, there is emotion and human nature that effect actions regarding money but it is still math and mathematically the “snowball method” is definitely NOT the best method. In terms of human nature, especially for those lacking self control, it may be very beneficial but it is in fact not the best. Oh and don’t sell things you are going to buy right back, that’s just selling for a loss then doubling down on dumb. Next you will advise people to sell their car for gas money. I am about to start making videos reacting to your false statements just to offset the idiocy you are creating. You need a personality in Ramsey that can do math and isn’t just trying to act like peoples parent, Dave, while lying to them without a reason why being mentioned.

GREAT video! I'm so glad I found your RU-vid channel and subscribed! I follow you on IG and you have the very best reels on there. Huge fan!

Credit Card Debt Free 2023 Use Only a Debit Card. Living Below My Means. Yay