Deb
Debt Payoff Strategy
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Recent Predictions
Incorrect: 0
Pending: 30
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Prediction
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Video
The speaker advises the guest to pay off the $3,165 campground loan in approximately five months using their available extra funds ($600/month surplus). They recommend continuing minimum payments on the Subaru loan and Affirm purchases, and strongly advise against taking on any more 0% interest debt, especially for non-essential items like photo shoots. The next financial goal after paying off the campground loan should be building a six-month emergency fund.
"So, with the 3,100 $3,165 on the campground loan divided by that 600. Yeah. Let's pay that off in ab..."
Dec 22, 2025
Correct
There is a trade-off between paying off a mortgage early (guaranteed return) and investing in the stock market (historically higher returns but with risk).
"Do you want to pay off your mortgage one year early, which will give you a guaranteed, let's say, 6%..."
Dec 16, 2025
Pending
The speaker proposes a debt payoff strategy contingent on proving budget adherence for two months, involving selling a house to clear debt, building an emergency fund, and catching up on retirement savings.
"If you can prove that you can follow a budget for two months, I will allow you to take the money fro..."
Dec 5, 2025
Pending
The speaker proposes a debt payoff strategy contingent on proving budget adherence for two months, involving selling a house to clear debt, building an emergency fund, and catching up on retirement savings.
"If you can prove that you can follow a budget for two months, I will allow you to take the money fro..."
Dec 5, 2025
Pending
The speaker highlights that with minimum payments only, a debt balance would take 17 years to pay off, implying a need for a more aggressive payment strategy.
"So, with that one, um, 17 years to pay off, by the way, minimumly payments only without purchases. A..."
Nov 21, 2025
Pending
A prediction that bankruptcy might be a potential solution for the household's debt, but only after a sustained period of behavioral change, and that the bankruptcy process would likely not involve all three individuals.
"The solution might be once you guys change your behavior for three months, go through bankruptcy and..."
Sep 22, 2025
Pending
Build a 1-2 month emergency fund, then aggressively pay off debt using a snowball method (smallest balance to largest) over approximately four years, prioritizing raises for accelerated payoff.
"I'd get a 1 to two month emergency fund before that. Maybe two months because you have a mortgage an..."
Jul 9, 2025
Pending
After increasing income, the recommended debt payoff strategy is the snowball method (smallest to largest debt) with no additional spending.
"Once you bring in more money, then yes, pay off the debt, smallest to largest. No spending on them w..."
Jun 6, 2025
Pending
After increasing income, the recommended debt payoff strategy is the snowball method (smallest to largest debt), with no non-essential spending.
"Once you bring in more money, then yes, pay off the debt, smallest to largest. No spending on them w..."
Jun 6, 2025
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
Accelerated debt repayment reduces the total interest paid over time.
"the faster you pay it off the less debt that you're going to have to pay because well the less inter..."
May 21, 2024
Pending
The guest details a strategy for paying off $40,000 in debt within 18 months through side hustles, living below their means, and implementing Dave Ramsey's baby steps, starting with a $1,000 emergency fund.
"Dave's baby steps $1,000 starter emergency fund tackle all of your debts using the debt snowball get..."
Mar 13, 2024
Pending
The speaker achieved wealth as a byproduct of paying off debt and consistently investing, contrasting with childhood dreams of becoming rich.
"over time a natural byproduct was wealth did you but as a kid though or growing up did you ever have..."
Mar 13, 2024
Pending
Save $2,000 first, then aggressively pay off high-interest debts like credit cards and payday loans.
"I want you to go out and save $2,000 as fast as possible and then once you save that $2,000 I then w..."
Nov 11, 2023
Pending
The speaker utilized the debt avalanche method, prioritizing paying off high-interest debt (like a 32% store credit card) first after meeting minimum payments on all debts.
"i used the debt avalanche method which involved making the minimum payments on all my high interest ..."
Sep 1, 2021
Pending