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#3 Baby Step 2: Pay off all debt (except the house) using the debt snowball.
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Welcome to Episode 3 of Figuring The Figures, where we embark on a transformative journey through Dave Ramsey's Baby Step 2: Getting Out of Debt. Join us as we unravel the secrets to financial liberation and debt-free living.
Time Stamps:
- Trailer/Intro - 0:00
- Baby Step 2 - 2:36
- Explaining the budget template - 3:45
- Paying off 7 credit cards - 8:18
- Debt free - 23:06
- Getting rid of a car loan - 23:49
- Turning a 20K loan into 5K - 24:50
- How to pay off 5K - 25:25
- Back at zero - 27:12
- Closing statements - 29:22
Key Highlights:
- Baby Step 2:
- Dive into the heart of Baby Step 2 and its pivotal role in your financial journey.
- Explaining the Budget Template:
- Gain clarity on utilizing a budget template as a cornerstone for financial planning and debt management.
- Paying Off 7 Credit Cards:
- Witness firsthand the triumphs and challenges of paying off multiple credit cards.
- Achieving Debt Freedom:
- Celebrate the ultimate victory of becoming debt-free and reclaiming financial autonomy.
- Eliminating a Car Loan:
- Uncover strategies for tackling substantial debts like car loans and reclaiming ownership of your financial future.
- Transforming a 20K Loan:
- Learn the art of debt reduction as we share strategies to minimize a hefty loan to a manageable fraction.
- Mastering Debt Repayment:
- Discover actionable tips and techniques to efficiently pay off significant amounts of debt.
- Starting Anew:
- Explore the liberating feeling of reaching ground zero and commencing a fresh chapter in your financial story.
Conclusion:
As we draw the curtains on this insightful journey, remember that financial freedom is not merely a destination but a lifelong pursuit. Each step taken towards debt liberation is a testament to your resilience and determination. Keep striving, keep believing, and keep moving forward. Thank you for joining us today, and may your path to financial success be filled with prosperity and fulfillment.
Subscribe to Figuring The Figures for more invaluable insights and expert guidance on mastering your finances.
#BabyStep2 #DebtFreeJourney #FinancialFreedom #BudgetingTips #PersonalFinance #FiguringTheFigures #ZtikManPodcast
🔗 Don't forget to SUBSCRIBE and visit ZtikMan.com for more financial insights and resources!
Chapters
1. Trailer (00:00:00)
2. Time Stamps (00:01:15)
3. Baby Step #2 (00:02:36)
4. Explaining the Budget Template (00:03:45)
5. Paying off 7 credit cards (00:08:18)
6. DEBT FREE! (00:23:06)
7. Getting rid of a car loan (00:23:49)
8. Turning a $20K loan into a $5K loan (00:24:50)
9. How to pay off $5K (00:25:25)
10. Back at Zero (00:27:12)
11. Closing statements (00:29:22)
8 episodes
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