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It's not about how much money you earn. It's what you do with the money that matters. In this video, I'm going to show you a business strategy on how to manage your money. I'm not gonna tell you what to invest in. That's not my role. Here are the best ideas of what the best professionals do to manage their money. Learn more from Tom LIVE at the next Summit event: http://bit.ly/2xgZ6Uq ------------ I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email: http://bit.ly/TomFerry-VideoTraining Get a FREE copy of my new book: http://bit.ly/2Bblstw Download FREE Agent Scripts and Resources: http://bit.ly/2iDEjpJ Tom Ferry Coaching: http://bit.ly/2eP8UlA Tom Ferry Events: http://bit.ly/2gQBjbD Join Tom's VIP List: http://bit.ly/2sMb73n ------------- Connect with me on my other social channels: Website - http://TomFerry.com Facebook - http://facebook.com/TomFerry Twitter - http://twitter.com/TomFerry YouTube - http://youtube.com/CoachTomFerry Instagram - http://instagram.com/TomFerry Podcast - http://soundcloud.com/CoachTomFerry
When we cut these 4 things from our budget we found $705 to go towards our debt snowball! If you are trying to pay off debt but feel like there is no extra money left at the end of the month, I understand! I hope that this video helps you think about ways that you might be able to cut your budget and start paying off debt even if things are already tight. What is a "debt snowball"? https://www.daveramsey.com/blog/how-the-debt-snowball-method-works Dave Ramsey's Total Money Makeover*: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=as_sl_pc_tf_til?tag=debtkickinm02-20&linkCode=w00&linkId=7f7fce9957a40e008b67759eb03be3e0&creativeASIN=1595555277 *affiliate link In this video I talk about using Google Voice to port your number if you want to cancel your cell phone temporarily but keep your phone number. Here is more info on that: https://support.google.com/voice/answer/1065667#xferin My blog: www.debtkickinmom.com Find me on Instagram @debtkickinmom to follow our debt free journey!
If you've ever wondered why some people think renting is better than owning, here's the explanation behind how that can be true.
Get FREE Audiobooks and 2 Audible Originals (and support this channel!) with a 30-day Free Trial of Audible: https://amzn.to/2zEFqhT Get the Total Money Makeover Here: https://amzn.to/2QfMSoW An animated summary of the Total Money Makeover by Dave Ramsey. Dave Ramsey’s 7 Baby Steps explained. The 7 Baby Steps: Baby Step 1: $1,000 cash in a beginner emergency fund Baby Step 2: Use the debt snowball to pay off all your debt but the house Baby Step 3: A fully funded emergency fund of 3 to 6 months of expenses Baby Step 4: Invest 15% of your household income into retirement Baby Step 5: Start saving for college Baby Step 6: Pay off your home early Baby Step 7: Build wealth and give generously If you enjoyed this summary be sure to check out some of my other ones at the link below! All of my Personal Finance/Investing videos: https://goo.gl/XW5U3k All of my Book Summaries: goo.gl/xmWeaD All of my Social Skills videos: https://goo.gl/N6ikxe All of my Health Related videos: https://goo.gl/hjQ1j9 All of my Productivity videos: https://goo.gl/WguoFs Got any other summaries you want me to cover? Leave them for me in the comments section! -~-~~-~~~-~~-~- Please watch: "Acorns Review | My Thoughts on Robo-Advisers (Discussion)" https://www.youtube.com/watch?v=pyvyNaZyT7E -~-~~-~~~-~~-~-
Chonce shares the debt payoff strategy she used to pay off more than $30,000 in debt on a low income along with three secrets she learned to pay off debt faster. This was one of my favorite interviews with money experts because it's a story with which we can all relate. Chonce was drowning in debt as a single mother but she just didn't have enough left in her budget to pay off debt. Her income didn't leave anything to get out ahead. But she made the decision to take control of her debt and her financial future. She learned everything she could about saving, budgeting and the debt payoff strategies that would help her turn a low income into debt-free. She ended up paying off nearly a year's worth of income in debt in just three years. It wasn't easy but she's now debt free and able to do so much more with her money. In this exclusive interview, Chonce shares exactly how she did it from the two ways to pay off debt that she recommends to how to stay motivated. She talks about how to use the debt snowball method and her personal favorite, the debt avalanche method, to save money and stay motivated. By the end of the video, you'll have your own budget and plan to pay off debt fast no matter what your income. How did she save money on a low income? How to face the challenges in debt payoff and saving money. How to stay motivated to keep saving money and paying off your debt. The three debt payoff strategies Chonce recommends to everyone. Don't forget to visit Chonce's blog at https://www.mydebtepiphany.com/ SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos Join the Facebook communities: Personal Finance - https://www.facebook.com/peerfinance101/ Investing - https://www.facebook.com/mystockmarketbasics/ Making Money - https://www.facebook.com/myworkfromhomemoney/ Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Get FREE Audiobooks and 2 Audible Originals (and support this channel!) with a 30-day Free Trial of Audible: https://amzn.to/2zEFqhT
Ah, the great debate. The debt snowball vs debt avalanche. These are the two most common answers that financial advisers give when asked how to pay off debt. But is one of them really better than the other? As a financial education channel I was determined to put it to the test. In this video I reveal my findings.
If you enjoyed this video you can check out some of my other videos at the links below!
All of my Personal Finance/Investing videos: https://goo.gl/XW5U3k
All of my Book Summaries: goo.gl/xmWeaD
All of my Social Skills videos: https://goo.gl/N6ikxe
All of my Health Related videos: https://goo.gl/hjQ1j9
All of my Productivity videos: https://goo.gl/WguoFsIf you enjoyed this video you can check out some of my other videos at the links below!
Please watch: "Acorns Review | My Thoughts on Robo-Advisers (Discussion)"