How To Pay Off Debt Fast (3 Methods)

Lissa Lumutenga, CFP®, AFC® May 7, 2024
Video Thumbnail
Lissa Lumutenga, CFP®, AFC® Logo

Lissa Lumutenga, CFP®, AFC®

@lissalumutenga

About

I’m Lissa! I help women build wealth AND an abundance mindset with a fresh, judgment-free approach. 💸✨ I used to HATE not understanding money and investing. So I earned my CFP® credentials and became an Accredited Financial Counselor® (AFC®) to make wealth-building accessible for anyone who feels left out of the conversation. Expect weekly videos that'll... 💫 Build your confidence with money 💫 Increase your financial literacy 💫 Help you make smart financial decisions 💫 Hype you up on your journey! ✨ BIZ INQUIRIES: [email protected] 💁🏻‍♀️ ABOUT ME: I'm based in Los Angeles with my husband and 2 doggos, Rocko & Miles. 🌴 ⚠️ DISCLAIMER: The content on this channel is for educational and informational purposes only. Lissa Lumutenga does not provide legal, tax, or investment advice on this channel. This content is not a substitute for personalized financial guidance. Please consult a professional for advice tailored to your situation.

Video Description

In this video I talk through how to pay off debt fast using a debt payoff plan -- whether that's the debt snowball, debt avalanche, or a hybrid method. I also walkthrough a spreadsheet template for creating your plan, which you can get here for FREE! https://lissa.money/debt ✨ ▻▻ subscribe for more on personal finance, building wealth, and abundance ✨ https://www.youtube.com/@LissaLumutenga ▻▻ timestamps 🕒 00:00 Start of video 00:41 Agenda 01:22 Who I am 01:41 Mindset shifts to make 03:38 Debt payoff plans 07:37 Debt snowball vs debt avalanche 09:13 Hybrid method 11:41 Spreadsheet walkthrough 20:11 Bonus tips 20:20 Cash flow audit 21:43 Debt payoff calculator ▻▻ resources & links mentioned 📚🔗 ➤ Debt payoff spreadsheet template - https://lissa.money/debt ➤ Cash flow audit template - https://lissa.money/cashflow ➤ Debt payoff calculator - https://www.creditkarma.com/calculators/credit-cards/debt-repayment ⚠️ AFFILIATE DISCLAIMER: Some of my videos and descriptions may contain affiliate links and sponsored content. This means I may earn a small commission if you use these links, at no extra cost to you. With that said, I only recommend products or services I have personally vetted or used, and that I think may be helpful! ⚠️ CONTENT DISCLAIMER: This content is for educational and informational purposes only and is not intended as a substitute for legal, tax, accounting, or investment advice. When individualized advice is required, always consult a professional for guidance tailored to your specific situation. #personalfinance #financialeducation