Get Out Of Debt: Smart Strategies for Debt Elimination
No one really enjoys being in debt, but when the time comes to pay it off how do you know which one to start with?
In this video, Curt explains how to identify whether or not your debts are highly destructive and why prioritizing the order that they're paid off is very important.
We'll cover unsecured vs secured debt, debt avalanche vs the debt snowball, appreciating vs depreciating assets, and evaluating each of these against your age and the risk free rate of return.
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00:00 - Start
01:09 – Debt Avalanche vs Debt Snowball
02:52 – Categorizing Debts
03:41 – Secured vs Unsecured
04:21 – Appreciating vs Depreciating
05:11 – The Four Debt Quadrants
06:29 – Toxic Debt
08:32 – My Two Cents
09:45 – Wrap Up
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Disclaimer: This video is for information and entertainment only. None of the contents should be considered legal, accounting, or other professional advice. You should reach out to a qualified professional before making your own financial decisions.
I try to respond to comments and questions, but I will never provide personal advice through YouTube.