Thu, 29 August 2019
Today we’re looking at how you can knock out a debt or two before this year wraps up!
Knock Out a Debt Quickly
Who doesn’t want to unload a debt before this year wraps up?
Paying off debt is usually one of the top three goals people make for the year, but struggle to achieve.
That’s not going to happen with you.
I want you to make some headway with your debt-free goals which why we’re finishing up with season with a call to action – we’re going to knock out debt.
Of course, to do this we need money.
There are three ways you’re going too free up money so to speak to pay off those debts faster:
We’ve talked about different ways you can save this season, with housing, cars, and how to bake in automatic savings so today I want to look at the other two options.
David Jacobs, VP of Consumer Lending at Coastal Credit Union, is going to talk about the differences between HELOCs and home equity loans.
If you going that route, you really need to understand how they work.
We’re also looking at using side hustles to earn that extra money. Can you really knock out your debts with a side gig?
Kevin is a member of our community and was kind enough to reach out to me about his experience. He’s done both delivery driving with GrubHub and ride-sharing.
What’s cool – at least to me – is that he’s an accountant in his day job. So when he did the side hustles he was tracking not only his earnings but expenses.
I think you’ll enjoy hearing his take on whether it’s a viable way to earn some extra cash.
In this episode we’ll discuss:
Let’s get started!
Resources to Pay Off a Mountain of Debt
If you two are ready to pay off your debt, here are some handy resources to check out:
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.
They want to help you achieve your biggest goals!
Support the Podcast!
Thank you so much for listening to the podcast!
Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.
Direct download: S9E11_How_To_Dump_Debt_Before_The_Year_Wraps_Up.mp3
Category:personal finance -- posted at: 8:39pm EDT