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      • HOW TO RETIRE EARLY
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      • ROTH vs TRADITIONAL
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      • GET STARTED INVESTING
      • HOW COMPOUNDING WORKS
      • INVEST IN INDEX FUNDS
    • BUDGETING
      • YOUR FIRST BUDGET
      • PAYCHECK TO PAYCHECK
      • EXCEL BUDGET TEMPLATE
    • REAL ESTATE
      • INVEST IN REAL ESTATE
      • RAISE YOUR CREDIT SCORE
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  • Home
  • MINDSET
    • STOP AVOIDING MONEY
    • QUESTION YOUR BELIEFS
    • START BELIEVING IN YOU
    • EMOTIONS, EGO, & MONEY
  • DEBT
    • DEBT CALCULATOR
    • HOW TO PAY OFF DEBT
    • MY DEBT PAY OFF STORY
  • MILLIONAIRES
    • MILLIONAIRE HABITS
  • INCOME
    • MAKE MORE MONEY
    • INCREASE 9-5 INCOME
  • RETIRE
    • YOU'RE GOING TO RETIRE
    • HOW TO RETIRE EARLY
    • YOUR RETIREMENT NUMBER
    • ROTH vs TRADITIONAL
  • INDEX FUNDS
    • GET STARTED INVESTING
    • HOW COMPOUNDING WORKS
    • INVEST IN INDEX FUNDS
  • BUDGETING
    • YOUR FIRST BUDGET
    • PAYCHECK TO PAYCHECK
    • EXCEL BUDGET TEMPLATE
  • REAL ESTATE
    • INVEST IN REAL ESTATE
    • RAISE YOUR CREDIT SCORE
  • CONTACT

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How To Pay Off Debt

how to pay off debt

Make it a Desire

Make it a Desire

Make it a Desire

You must have not only a desire to get out of debt, but a burning desire.


Napoleon Hill said, whatever you want, 

it must be a "burning desire".


It must be your priority, 

something you think about all the time.

how to pay off debt

Create a Puzzle

Make it a Desire

Make it a Desire

Too many of us are focused on the negative feelings our debt produces - shame, fear, guilt, scarcity, avoidance, etc.


Don't get consumed with these feelings.


Instead, see your debt pay-off journey as a game.  It's a puzzle for you to figure out.

How to pay off debt

Get Organized

Make it a Desire

Track Your Debt

Find all your accounts - 

online and physical statements.


Getting organized reduces uncertainty, 

which reduces stress.


Transparency and clarity give you the power to make better decisions.

how to pay off debt

Track Your Debt

Create Your Strategy

Track Your Debt

Writing down your debt gives you a view of the whole picture.


Tracking your debt:

- shows you where you are today.

- gives you better decision-making ability

- allows you to create a strategy to pay it off 

My Debt Story
How to pay off debt

Set Financial Goals

Create Your Strategy

Create Your Strategy

Now that you know how much debt you have, you can create a goal.


How soon do you want to be debt-free?

How much can you pay off each month?

How much interest are you paying?

How can you earn extra cash to speed it up?

Set Goals
How to pay off debt

Create Your Strategy

Create Your Strategy

Create Your Strategy

There are two popular strategies.


Debt Snowball

Pay off the smallest account first.


Debt Avalanche

Pay off the highest interest account first.


How to pay off debt

Start with Bad Debt

Start with Bad Debt

Start with Bad Debt

Regressive debt is bad debt; it's debt on depreciating assets.  

In others words, it's non-real estate debt.


Paying off bad debt is the first step to financial freedom.


Make this priority #1.

How to pay off debt

Make More Income

Start with Bad Debt

Start with Bad Debt

The best advantage you can give yourself and earning more money.  Every extra dollar you earn is another dollar toward your debt.


Get a part-time job, volunteer for over-time, find a better paying job, or create a side-hustle.

Make More Income
How to pay off debt

Focus on One Debt

Start with Bad Debt

Focus on One Debt

It's easy to get overwhelmed, especially if you have a lot of debt.


Depending on your strategy, pick the first account and focus all of your energy on it (while continuing to only pay the minimum monthly payments on all others).

Debt Calculator
How to pay off debt

Go Lean

Reduce Interest

Focus on One Debt

The more expenses you can reduce, 

the faster you will get out of debt.


You don't have to give up everything, 

but you must prioritize.  


What are your true basic needs?

What can you live without in the short-run?

Go Lean
How to pay off debt

Reduce Interest

Reduce Interest

Reduce Interest

Interest gets expensive quickly.


A $20K loan at 5% is $83 every month.

A $50K loan at 7% is $292 every month.


1. Refinance into a lower rate.

2. Take advantage of 0% credit deals.

How to pay off debt

Sell Anything

Reduce Interest

Reduce Interest

Selling something you no longer use or downsizing is a great way to reduce your debt quickly.


Do you have collectibles, an extra car, boat, motorcycle, or home which is holding you back?

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