How To: Get Out Of Debt #shorts

You work way too hard to feel broke. Debt robs you of your income every single paycheck. Now it's time to take it back! Getting debt out of your life will put those monthly payments back in your pocket and give you more control.

This debt payoff method is called the debt snowball, and it's more about HOPE than math. List your debts from smallest to largest regardless of interest rates. The quick wins of getting your smaller debts paid off will keep you motivated to keep going toward the finish line! 💪

As you pay off each debt, roll that debt's minimum payment into the next largest debt. This is how the snowball really picks up momentum! By the time you get to the largest debt, you'll be able to throw everything you have at that balance and knock it out FAST.

Subscribe and never miss a new highlight from The Ramsey Show: https://www.youtube.com/c/TheRamseyShow?sub_confirmation=1

Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more!

Watch and subscribe to all The Ramsey Network shows here: https://www.youtube.com/c/TheRamseyShow/channels?view=49&shelf_id=5