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Epic Real Estate Investing

How to Pay Down Debt Faster (and build wealth, too) | 640

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 26 April 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

If you are wondering how to pay down debt faster than you are doing it right now, stay with us because we'll give you the answer! We have been teaching people how to do it for almost a decade now and the bottom line is to get someone else to pay it for you. Learn how to do it, what the difference between good and bad debt is, and why you should be managing it instead of paying it off.

Transcript

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0:00.0

The secret to paying down your debt faster is getting someone else to pay it down for you.

0:05.0

I've been walking people through this process for almost a decade now, and it works so well that we really go deep into this now at the Epic Intensive.

0:14.3

But by the end of this video, you're going to know how to get someone else to pay down

0:18.0

your debt, and get you a little better sleep at night too.

0:21.5

On today's episode of Financial Freedom Friday.

0:23.6

All righty so before I share with you how to pay down debt faster by

0:31.8

getting someone else to pay down for you

0:33.6

it's got to be said all debt isn't bad some debt you just might want to hold on to

0:39.2

meaning if that debt is paying you more than it's costing you, then that's good debt.

0:44.5

You don't have a problem.

0:46.0

But if you're underestimating how much you owe, if you find yourself doing that, or you're not answering

0:50.5

the phone when you suspect a collection agency is calling or you're

0:54.2

leaving your bills unopened or just you know stuffing them in a drawer you're

0:57.9

opening up a new credit card when your old one is maxed out or maybe you're

1:01.5

telling yourself that everyone is in the same situation that's how you're rationalizing it. If you can relate to any

1:06.6

of those, then you've got some bad debt, so we've got to deal with it. So let's go through

1:10.0

three steps on how to pay it down faster by getting someone else to do it for you.

1:13.4

We're going to build some wealth along the way and I'm going to give you some peace of mind all at the same time.

1:18.7

All right, step one, you've got to shift your focus, shift your focus from paying down your debt altogether to making more money.

1:25.0

You see if you're focused on your debt, you're going to experience all of those things I just mentioned.

1:29.5

You're going to be afraid to answer the phone.

1:30.7

You're going to be watching your unopened bills stack up. You're going to be opening up new credit

...

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