It’s our Friday livestream Q&A and we’re talking about Dave Ramsey Baby Steps and how to pay off debt to live your debt free life.
I love talking investing and making money on the channel but it’s all for nothing if you can’t get out from under debt. Americans pay over $7,000 a year in interest on debt. You will never make enough money if you are always working to pay interest to someone else.
Some people have asked to see that picture of average debt owed in each state — https://peerfinance101.com/average-debt-by-state-loans/
I had a great time talking to Sarah this week about her experience with the Dave Ramsey Total Money Makeover and doing her debt-free scream. What I realized listening to her describe getting out of debt is that’s the true definition of financial freedom. It’s not having lots of money but just getting out from under that constant stress of debt.
In this week’s livestream, I want to talk about some ways to get out of debt including the debt snowball versus debt avalanche as well as deciding which debt you need to pay off first. We’ll also talk about how to get started on baby steps and the things I’d change.
We’ll also talk about Wednesday’s video and the credit score hacks I used to boost my FICO by 200 points. Your credit is more important than you think and I’ve got the tricks that will help you increase your score.
Finally, I’ll be answering your questions on beating debt, making more money and making your money work for you so be sure to get your questions in the comments below. I’m doing these livestreams every week so watch for new videos Monday and Wednesday and ask your questions in the comments.
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Don’t Miss this Free Report – 5 Things about Credit that Will Shock You https://peerfinance101.com/things-about-credit-free-report/
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.
