How To Start Paying Off Debt? 

"Focus on increasing your income, not lowering your debt" So true. Thanks Dan

"in life you don't get what you want..you get what you deserve. " This absolutely true. Thanks Dan!

I have been debt-free for 5 years! It's still amazing to see how many people are buying "things" that are "costing them money" instead of "paying them money"!

"Small success lead to bigger success" This one resonates most for me. The department I work for require annual declaration that we are debt-free.

"Paying off that 1st debt that burdens you the most emotionally" Very good Dan.

This guy is gonna go down as a legend man 💪🏼 keep it up 💯

What a good lesson! Thank you Dan Lok for everything. I learn from your lecture that clarity is power, vagueness is weakness.

SIFU, I am blown away at how relevant your teachings are to my life...whew! I feel like I'm tight there and listening to you in person. Only God can do this! You are a blessing.

I just discovered this channel and it is awesome!

I’ve been following your channel for motivation and to inspiring me to change my life for the better. I’m 14 and I am learning so much things here that even school doesn’t teach. Now I learned that Debt as Leverage can help you be it good or bad. I need to increase my cash flow and my skill set. In order to help me generate more income. Thank you Dan for teaching us and bringing value towards your community :3 Looking forward to the next videos you upload x

I was waiting for this kind of video from you, Dan, since I begin to follow you! Tanks a lot Dan!

The minute you said, “you know which debt I am talking about” when covering which debt to pay off first was like an answer to my prayer. I had been asking myself which debt to pay off first.

I have so much love and respect for you Dan. So, so grateful I came across your channel out of the blue, I get SO much value out of your videos and knowledge you share. Thank you so much!!! Love and blessings to you xx

I've absorbed what you have just taught and I'm well ready to implement. Thank you for such powerful knowledge you have share with us.

I was already doing the first two before I saw this video, but Dan gave me the final piece of the puzzle with step three, and it all makes sense now! Thanks Dan!

the perfect guy to offer advice for this problem! thanks,Dan!

I JUST DISCOVERED YOU DAN AND THANKS FOR ALL THE CONTENT MAN PROBABLY I WOULDN'T HAVE GOT THIS MUCH CONTENT ANYWHERE FOR FREE.THANKS A LOT 🙏🏻

Loving that Katana Dan, and im really grateful to start my morning with your video

Hi Dan! I just finish reading your book F.U. MONEY. It’s amazing, it made me realize how much time of my life I wasted. But no more, I will follow your teaching, and focus all my energy to improve my skills to make my F.U. MONEY. Thanks, you really are THE MAN!

this was the MOST liberating video ive ever watched. I feel so empowered and I feel i can do it. Thank you so so much.

Thank uu i sharing y re ideas with everyone specially with young workers :) its working slowly but working guys started saving money All the best

Loved it! Makes sense (the emotional one) Thank you!

I saw your interview and I wanted to know more abt u, and now u became a ideal person to me. Your solutions are phycologically connect to ones emotions which satisfies everyone. "We human beings are not logical but emotional persons" sounds so damn correct . Thanks sir for your motivational videos 😊

Dan, I've been following you for a while. I really like how you teach, straight to the point, your articulation is very clear, oh I love it. I wish one day you come to Indonesia and I definitely will be one of those who join first. Thank you Dan for inspiring me. God speed.

Thanks for the tips Sifu Dan, i never want to be in debt in life. When I was caught in this debt situation. I never new the way how to get out of it. Until i come to learn the tips you spoke just now. Tips #3 caught my attention how the psychological debt could torment a person emotion and surrounding, the more I ignore the signal, the less i get to achieve to payoff the debts i have. Even though I was working on getting more income.

1:17 I recently was asked in an interview why I quit my job to go to university and when reflecting I think this video pushed me to quit my job to do my accounting degree, it’s a good debt, I didn’t get the job but I immediately applied to another job, I’m on target to getting a first class degree in accounting too, thank you Dan, you’ve changed my life.

Excellent video Dan - much appreciated. Also well done on your now 600,000 SUBSCRIBERS!!! 🎉🎊💯💯💯💯💯💯

Always looking at things from a totally different perspective. Excellent advice. Thank you so much SIFU.

when you said I don't want to think of how much my debt is, that is so me.

Thank you for the eyes opening video. Watching from Zimbabwe

Truly the only person i have seen on the internet that seems to care and make sense....Thank you Dan for your hard work so i can learn faster.

Thank you Dan Lok! The first time I watched your video was about a month ago and it has changed my life! I been paying off my debt, same time I save $250 every week! The end of next month I will be debt-free! Then change the ratio from $250 to $500 a week! And continuing watching your videos!!

Ive just started watching your videos today, just last night I started budgeting my money with my manager. But I want saved money to grow, and I want to start a business. I'm taking notes on what you on saying from each video so I dont forget

Wow and I was mentioning someone about this yesterday ! Thanks Dan

That little psychological trick is so true and applies to a lot of things like work ethic. Love your videos, Dan!

Very powerful stuff. I have bad debt and after watching this video, I am motivated more than ever to become debt free. For me it just clicked after I watched this. Thank you sir!

Love the Katana Dan. A real warrior weapon. Nice video.

Another great video. I’m glad you have calmed down with the swearing. 10/10

I appreciate you making this video and will be sharing it with my fellow entrepreneurs that just don't seem to get it and can't hear it from me. They think all debt is bad and that's a dangerous thought to have as a business person.

Hi Dan, Hats off to you Sir. Thank you for taking time to share your knowledge. You are a great Mentor to me.

Im a simple person.. I see a dan lok video.. I watch and hit like :)

Started watching your stuff a while ago, maybe two months. I was fired two years ago from my first and last job and never looked back. Listened to your audiobook not two weeks ago and gotta tell you, never had a fire like that under my ass. My entire train of thought has changed. I have the feeling of being chased to just fucking do something to try to be better financially and do that shit NOW. Found a piece of real estate I might invest in soon. The real estate I have now is going quite well, just the one client who is demanding and is starting to cost me more than he is giving me. I really like the idea of paying off the highest emotional debt first. Totally agree that paying the people who nag off first is definitely in my best interest long term. Thank you dan!

Hi Danlok, thank you for sharing your knowledge that helps people around the globe to get out of debt. Thank you Mr Dan!

Thanks, Dan, right now I have no debt so what is important for me is to increase my skills and experience.

step 3 blew my mind. it was a good one

Thanks sir for this free education...

EXACTLY what we're already doing right now... Thanks for the confirmation, Dan!

Man o man...thanks Dan...most power ful.. This is real inside scope...from experience thanks Dan.

I owe a couple of thousands this video made me feel a bit more relaxed.

Much Love From Turkey Dan!!

Great to listen to you. 3 years ago I paid off the smallest debt. Now I am paying off the biggest whatever I earn I invest into myself. To feel better and to aquire additional skills I rest a lot and relax. Only inner peace lromots me.

Can't believe I found this channel just a few days ago! Thank you for sharing your wisdom and great sense of logic! Will binge watch! 😊

A++ on all 3. You make a lot of sense. Thank you from southern California.

Those Crazy Rich Asians got nothing to do with Dan "The Real Crazy Rich Asian" Lok.

10:33 I love this part. The lightbulb just turned on and I'm committed to action now.

Dan greetings out of Boston MA USA. This was the most effective free 12 minutes talk I've ever watched. Thank you for your motivation.

fantastic analogy Sifu

Had my attention the moment he pulled out that sword!

Wow!!! This is the first time having debt (parents) and watching your video makes me know how to start paying it off. Thank you for this video and I will try my best to improve 😊👍

Sifu, I'm astounded by the lesson of this video. Its more than light bulb going on inside my head, It's a blinding flash of lightning jolting me awake. Thank you.

Student Loan debt for a Bachelor's of Arts degree is BAD DEBT. Trust me on this. Don't go into student loan debt unless you pick computer science or engineering.

"You don't have an expenses problem, you have an income problem."

Focus on increasing income rather than on the debt. What you focus on is what you get. Very profound. Thank you for posting this amazing video.

When I started my business ventures here in Texas. I began with salt water disposal location in oil field country, for vac-trucks. Bought the land, equipment, tanks, heaters, pumps and a place for a wash out service, where we charged $110 per wash out of tanker. I was over $500k in debt, but with fracking coming into play. It didn't take long to pay off, because we not only had oil trucks come in and take the oil we separated from the salt water daily, but we charged to pump the salt water back into the ground and any bags of gel that those vac-trucks needed.

That's so true. I need to invest in myself! Thank you!

"small success leads to bigger success" Great!

Thats what I'm doing right now ! Payoff the smallest card and then shred it not to get tempted again ! It feels so good ! I think I learn it from you!

Omg !!! 600 K Subs.. Congratz DAn.... Waiting for 1 Million Subs !!!

Dan lok the lead dog, straight leverage king!!!

1 Month in June 2019 I must pay off all my debts

Thanks for the insight Dan I officially changed my focus on lowering my debt to increasing my income.

Appreciate all the Nuggets , helping me transform my way of thinking to handle things differently and be more succsessful

Who else is tired of hearing broke people giving financial advice??? THANK YOU DAN LOK

Good idea

Finally a guy that makes sense!!! Good advice!! Thank you.

I'm glad I'm in the right track...Thank you, Thank you, Thank you...

My debt at the moment is $7,300 but I’m working to pay this off, and never get in debt again . Although I have 2 jobs I work for a company and the other is my business, it makes me dlr but not enough to pay it off. Like you said , I’m learning a new skill..

So basically good debt is when you take loan to buy assets(like house). And bad debt is when you borrow money to buy liability ( like car).

Video hasn't even loaded yet and I already know it's gonna be a kickass video

Appreciate your advice through this vid Dan! Thank you so much!!! You’re a star !

Thank you for this help! I so love your realness. Dam'n are you the only person that has common sense?? LOL

It's not a money problem it's a skill problem. I love this

You always make watching your channel interesting. I’m your fan and learning so much from you as a new RU-vidr

You are one of a kind Dan.. your Videos helps me alot to change my outlook in business and in life , continue to feed us with your greatness in business...Thank you

Mr Dan had no other choice then Success

You really have destroyed the saying "Save every penny". What a dumb idea when you think about it now. Very awesome lesson on how and when to wield debt! They don't teach these lessons in High schools

I started educating my close relatives on debt in the last few months. We were so afraid of it that we couldn't level our income up for so long. Debt is not just a problem, it is also a solution. I'm benefiting so much from it. Damn, how come this is not common knowledge already. Took me 31 years.

wow, i am so glad that i stumbled on your channel from no where, subscribed quickly so that i can learn business skills from you. Your content is very unique and valuable. thanks

I definitely need to work on getting experience and skills to improve my income. 😭😭

That's a nice ass sword.

Pay off the debt that has the biggest psychological effect on you. I get this! Thanks

Another great and informative posting Dan. I have 'Good Debt' and now clarity to work to pay it off.

+1 for sign a class

zero... i don't have any debt. I find i have problems sleeping when i have debt. If i cannot afford something... i don't have have it. If i want something bad enough i save up. If you want to make a little extra money, skip a few meals and save the money you didn't spend on food. Keeps you slim too.

This is actually my first time leaving comments on youtube. I just saw your clip and was very encouraged to learn more about your logic on paying off loans or debt. Having said that, here's a little bit about myself. I have relatively big amout of student loan for my schools from undergraduate to dental school. Being honestly, it has been too overwhelming to dare to think about the exact number of it. However, as I finished watching your clip, I have actually wanted to hear more of your advice on paying off this loan and on investing in myself.

Thanks dan fore youre time and Effort, youre the Best!! Enjoy doing more Videos!

I have no Good debts yet. 🤔🤓😇

Reminds me of the Debt Snowball by Dave Ramsey.

Sifu! For me it's one of your best videos ever!! So powerful! Thank you for always making meaningful videos. 😁