Description
She got in $60,000 of credit card debt - and you won't believe how fast it happened.
In today's video, Matthew Pillmore, president of VIP Financial Education, reacts to some shocking credit card debt stories.
We dig into a wild debt story we've found on Tik Tok where a woman details just how fast 60 grand of credit card debt can happen to you and that there is a way out.
This is a real person who went through some real credit card debt issues. What is the best course of action for this scenario? Matthew details his perspective, as well as some from the comments section.
Can you get out of massive credit card debt?
Timestamps:
0:00 - Getting Out of 60k CC Debt
1:50 - Harsh Reality of Credit Card Debt
5:47 - $3,500 a month in MINIMUMS
6:19 - Debt Free
7:13 - Conclusion
Videos to watch after this one:
How To Budget Your Money Like A Millionaire!
► https://www.youtube.com/watch?v=cjaq4gzD2K4
Get your FREE Cash Flow Cruncher budgeting spreadsheet here:
► http://www.cashflowcruncher.com
It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel!
HELOCS Can Make You Rich! (Why I Love Home Equity Lines of Credit)
► https://www.youtube.com/watch?v=NxKzaLEQCpQ
How To Get Unstuck Financially & Live A More Abundant Life
► https://www.youtube.com/watch?v=wTqQJLkjqfA&list=PLN2grBK2mxu5sqVh4AUTX6bmTjJJCTrHf&pp=gAQB
Get one-on-one coaching with Matthew Pillmore:
► http://www.FreeCoachingCalendar.com
Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/vipfinancialed
Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.
Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe!!
Make sure to check out our social channels for more insight and industry news!
Facebook - https://www.facebook.com/VIPFinancialEducation/
Instagram - https://www.instagram.com/vipfinancialed/
Instagram (Lifestyle) - https://www.instagram.com/vipfinancialedlifestyle/
Twitter - https://twitter.com/VIPFinancialEd
LinkedIn - https://www.linkedin.com/in/vipfinancialed/
BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/
Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content.
#creditcarddebt #moneymistakes #howtopayoffdebt