Listen, guys, debt may be normal, but it's not your only option. So if you are feeling

stressed out way down by payments and you have no idea where to start, keep watching because we

are going to talk about it. So be sure to like, subscribe, and share this episode with a friend.

Okay, like I said, debt has become so normal today. I mean, when you think about it. So be sure to like, subscribe, and share this episode with a friend. Okay, like I said,

debt has become so normal today. I mean, when you think about your money or you think about

purchasing something, debt is usually the avenue that a lot of people take. For example,

right now, the average car payment hovers anywhere between $500 and $800, depending on if you

have a new vehicle or a used vehicle.

But guys, isn't that crazy? Up to $800 is the average. And then when you look at student loan debt,

it's over $39,000 per borrower. 40 grand. Now, that feels a little bit small to me because I

feel like I hear a lot of people on the six

figures of student loan debt. But on average, you guys, these 21, 22 year old kids, I'll call them,

are graduating with $40,000 on average of student loan debt. Forty-nine percent of Americans

are living paycheck to paycheck. I mean, we could go on and on personal loans, helix,

credit card debt. Like, there is so much. And the weight that people are feeling when it comes

to their payments is so real. And it is one of the parts of money that is so stressful. There is

something to be said when you owe money to someone, because it not only takes your income,

it takes your peace of mind.

And that's the problem with debt, is it steals from you. Again, not only your paycheck and

your income, but it steals your options, it steals your choices, it steals your sleep at night.

Now you want to start working the debt snowball. So the debt snowball method is listing out all

of your debt, smallest to largest, the total amount of debt, regardless of the interest rate, pay minimum payments on everything, and pay off the smallest debt first. So much about winning with money and getting out of debt is the motivation. You need to have hope that you can do this. A lot of people starting this don't have a lot of hope with their money. They're exhausted, their paycheck to paycheck, and they feel like this is the life that they're always going to live. But when you actually get a quick win, you're like, oh, even if it's a $600 credit card bill, but you paid off, you're like, oh, I did that. It's gone. And then whatever minimum payment you're paying on that, you roll it over to the second, the second smallest debt, and you pay that off. Then you've freed up two minimum payments and you're excited because the debt

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