Day 4: How To Pay Down Debt Painlessly

Let’s get clear: Debt freedom does NOT equal wealth.
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Debt freedom is A goal, debt freedom is not THEE goal for your money, growing what wealth looks like for you is
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THE STEPS
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1. Create a Debt List
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2. Activate a pay-down plan, then set it and semi-forget it: Snowball, Avalanche, and UM
3. Focus on Earning
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HOMEWORK: Take action within 24 hours makes your goals more likely to happen.
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1.Create a Debt List. Use a spreadsheet or a sheet of paper. Add: who you owe, how much you owe, minimum monthly payment, due date, interest rate and status
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2. Activate a paydown plan, then set it and semi-forget it.
Use the Snowball (prioritize the lowest balance debt), Avalanche (prioritize the balance with the highest interest rate), and UM (unexpected money: any money not received from your normal income source, or money you didn’t anticipate saving. ex. A raise, tax refund, a sale, a gift, a pay back, when someone treats you)
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3. Focus on earning! The fastest way to pay down debt is to make more, not spend less. There’s no cap on what you can make. There is a cap on how much you can cut back and save.
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Wait! BONUS in 7 days, you’ll be able to get the FULL version of my financial wholeness steps via my new book, Get Good with Money!
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Mark your calendar for Monday, Feb, 1st.
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In the meantime, go to www.getgoodwithmoney.com to learn more, get your free financial wholeness score and get your free financial wholeness checklist!
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Das it! You have 24 hours to complete this homework. You can report back your progress to me on social.
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SAVE/TELL/TAG/SHARE

[@evelynssliceoflife409]

DEBT FREEDOM IS A GOAL NOT THE GOAL!

[@Lisa-xz6lu]

I love you balanced philosophy to money wholeness. You take out the frustration and guilt/shame of getting it all perfect.

[@angierecovering_clutterer2434]

"Money doesn't have to be dry and boring"! Yes! I am HERE for it!!!

[@breshamacey9900]

I started paying my debts and saving and investing and picked up a side hustle

[@lisamuchi8764]

Good for You!!! Best of luck in ya side hustle💯

[@jmercer1751]

Tif, you are truly a teacher! The best part is that you make learning fun!

[@teesin408]

Thank you thank you. Because of you and this group I was able to pay down 13k of debt. Have all my buckets working for me. Now waiting on my book.

[@MsEricao]

I love when you start singing “come into the room” oweee gets me in the mood every time 🤣🤣

[@Lemorgg]

Yesss! Focus on EARNING over debt freedom. Changed my whole mindset!
Thanks Tiffany!

[@b.abouttowwn]

Sis! I am finally, after a year listening to this. I’ve seen your commercials and kept a tab there and said I would return. Anyway, I’m here for all of this! I want financial wholeness. Btw, I am a high school teacher.

[@DaniJenae]

😂❤ I freaking love you! I am so glad I found you. I actually paid attention, grasped things, and felt excited instead of dread.

[@diarraimani1127]

If I was able to take classes by you in high school!! Wow, imagine that. I wouldve took on college different, debt different, travel different. We need you in these schools good sis!!

[@prettydiamonds2343]

Love this and shared on my page. No point in millionaire status if the other areas of my financial wholeness are raggedy. Congratulations on your book.

[@S0LA1vida]

Doing homework! I am SWITCHING to your #financialwholeness approach it works for a lone star like ME! I am the rule

[@l.reneebutler519]

Love it chica . It’s the WHOLENESS FINANCIAL FREEDOM!

[@lhammond7682]

Debt freedom is a goal. Debt freedom is not the goal.

[@mikko_makes]

I did not think it was possible to learn how to be better with my money and smile the WHOLE time. You are an INCREDIBLE.

[@k.ldouglas401]

You always get me hyped about handling my money business.

[@lucytitilayoemechete3318]

me too

[@jjackeeeKooKz]

Love this video! Thank you!

[@ramonalopez7516]

Thank you for being a teacher! Much respect-❤️

[@robezoner]

Love your energy!

[@aforgot1]

Thank you so much for sharing your expertise. God bless you 💯

[@marisoldiaz7366]

Budgetnista really got us on all fronts

[@ummamatullah203]

Thank you for the videos.

[@sharonjoyner-carter673]

Thank you for sharing your knowledge with me. I’m so grateful the Lord allowed me to meet you.

[@jjackeeeKooKz]

5 year old debt free lol no car payment, no mortgage, lol

[@kimboeskeim397]

😂😂

[@teishabee1993]

Can't wait to pre-order the book.

[@MsSagWorld80]

Loved it. Has to go back

[@goodsmile5170]

Ok ✅ yes ! I’m about to ....watch out sis this is financial love 💕 yourself

[@marlonorantes8137]

Love your energy!! I scored a 40. :(

[@ginadiamond2959]

Preach.

[@amenuf]

Poor little Roman!

[@Queen-ConsciousYa]

Love her ❤️

[@kenesa]

I'm definitely in the unrealistic category.
I also like dave-ramsey-7-baby-steps.

[@LLCoolBeans86]

UM = Unexpected Money

[@na9012]

Can you about how to make a will or the steps to start one?

[@joycekent8173]

Debt freedom is a goal not THE goal!

[@violetmarie_]

Debt freedom is a goal debt freedom is not the goal

[@jmercer1751]

UM is unexpected money.

[@CM-jt6us]

I know Dave Ramsey says have $1000 in a emergency fund before we start tackling debt. What do you think is more important maybe having three months of expenses before handling debt?

[@latoyaperry-jenkinsday9965]

What do you mean by "status" when creating your Debt List?
I took the Get good with money quiz and my score was a whole 20 😢...

[@shanicewebb1727]

🇹🇹🇹🇹🇹🇹🇹🇹

[@denisegholston1838]

Someone told me you shouldn't pay the debt off on your credit. Is that true or untrue...and if we do pay it off how long do it shows on our credit

[@kenesa]

You need to pay it off in full by the due date or pay above the minimum; I like using my credit card for rewards/points but I don't pay interest because I like paying mine off as I use it. Basically if you don't have the cash in your bank don't put it on your credit.

[@denisegholston1838]

Thank you but I was talking about On my credit report not credit card

[@ashafreeman2730]

Pay it and ask the creditor for a pay to delete. If not it won’t help your score much. If you pay it and they remove it, it’ll still stay on your credit and the payment may start the 7 year clock over.

[@amandabell6903]

Quiz a whole 10

[@gracejackson7275]

my score 60 more to do

[@Jojolana]

🇬🇾🇬🇾🇬🇾🇬🇾

[@TARA19731973]

Good evening.

[@toshiaspeaks2742]

How to pay off debt when you owe thousands a month over your income... When Uber..n all that is not a choice

[@WhatAJhas2say]

Hello 👋🏽