120- Q&A Episode: Best Strategies To Pay Off Debt, Turnkey Real Estate Investing, How To Stay Motivated on Your Journey + More
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 2 October 2019
⏱️ 44 minutes
🧾️ Download transcript
Summary
I am answering your most recent submitted money questions on this week's episode of the podcast. In this episode, we dive into a discussion about the types of debt, debt payoff methods, real estate investing, budgeting, and retirement savings. You don't want to miss this good advice that can help you on your journey.
In this episode I answer:
- If you use a home equity line of credit to refinance your loans
- If it makes sense to take money from your retirement account to pay off debt
- The difference between secured and unsecured debt
- How to strategically pay off debt with the snowball or avalanche method
- Tips on what to do before you start investing in real estate
- The facts about borrowing from your retirement account
- How to stay motivated on your journey with the right budget plus so much more
Other related blog posts/links mentioned in this episode:
Check out this debt repayment calculator to help you decide between the debt avalanche and debt pay off method
Membership into the Money to Launch Club is currently closed but don't miss out on the next enrollment. Sign up to get on the Money Launch Club waitlist here.
Other great Journey to Launch Podcast episodes you should hear (for the first time or again):
- Episode 16: How Single Mom Naseema Went From Broke To Paying Off $300,000 in Debt
- Episode 47: Sylvia's Journey To Paying Off 6 Figures of Law School Debt & Becoming Financially Independent
- Episode 69: Single Mom Takiia's Amazing Story: How She Went From $100,000 in Debt to $500,000 in Savings
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Transcript
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| 0:00.0 | You're listening to the Journey to Launch Podcast, a Q&A episode. |
| 0:04.7 | I'm answering your questions about the best strategies to pay off debt, |
| 0:08.6 | if turn-key real estate investing is a good idea, |
| 0:11.6 | and how to stay motivated on your journey. Plus lots more. |
| 0:15.0 | T minus 10 seconds. |
| 0:18.0 | Welcome to the Journey to Launch Podcast with your host Janila Sufrant as a money expert who walks her talk. |
| 0:25.0 | She helps brave journeys like you get out of debt, save, invest, and build real well. |
| 0:32.0 | Join her on the journey to launch a finance invest and build real wealth. |
| 0:33.0 | Join her on the journey to launch to financial freedom in five, four, three, two, one. |
| 0:47.0 | Hey, hey, journeyers. Welcome to the Journey to Launch Podcast. |
| 0:50.0 | This episode is going to be a question and answer episode. |
| 0:53.6 | I'll be answering some of your questions. |
| 0:56.2 | So before we get into that, real quick, |
| 0:58.8 | if you are enjoying this podcast, if you are looking forward to it every week, every Wednesday, it comes out with some bonus episodes here and there. |
| 1:07.0 | Make sure that you are subscribed wherever you listen to this podcast. |
| 1:11.0 | It's free, right? So it's a free |
| 1:12.9 | podcast, it's free information that you get, and once you |
| 1:15.5 | subscribe, it just automatically downloads to wherever you |
| 1:18.3 | listen to it. So like on your phone, it will download to your phone. Now if |
| 1:21.5 | you listen to this podcast in the Apple |
| 1:24.2 | podcast app that's that purple app on your phone, please take a moment to |
| 1:28.1 | rate review and subscribe to it there too. I read every single review. Sometimes I read it on the podcast. Maybe I'll do, I'll read a review on the |
... |
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