In this video I talk through how to pay off debt fast using a debt payoff plan -- whether that's the debt snowball, debt avalanche, or a hybrid method. I also walkthrough a spreadsheet template for creating your plan, which you can get here for FREE! https://w4woc.com/debtsheet ✨ ▻▻ subscribe for more on personal finance, building wealth, and abundance ✨ https://www.youtube.com/@wealthforwomenofcolor ▻▻ timestamps 🕒 00:00 Start of video 00:41 Agenda 01:22 Who I am 01:41 Mindset shifts to make 03:38 Debt payoff plans 07:37 Debt snowball vs debt avalanche 09:13 Hybrid method 11:41 Spreadsheet walkthrough 20:11 Bonus tips 20:20 Cash flow audit 21:43 Debt payoff calculator ▻▻ resources & links mentioned 📚🔗 ➤ Debt payoff spreadsheet template - https://w4woc.com/debtsheet ➤ Cash flow audit template - https://w4woc.com/cashflowsheet ➤ Debt payoff calculator - https://www.creditkarma.com/calculators/credit-cards/debt-repayment 👋 CONNECT WITH ME: ➤ https://www.wealthforwomenofcolor.com ➤ https://www.tiktok.com/@wealthforwomenofcolor ➤ https://www.instagram.com/wealthforwomenofcolor ⚠️ AFFILIATE DISCLAIMER: Some of my videos and descriptions may contain affiliate links and sponsored content. This means I may earn a small commission if you use these links, at no extra cost to you. With that said, I only recommend products or services I have personally vetted or used, and that I think may be helpful! ⚠️ CONTENT DISCLAIMER: This content is for educational and informational purposes only and is not intended as a substitute for legal, tax, accounting, or investment advice. When individualized advice is required, always consult a professional for guidance tailored to your specific situation. While Lissa holds certifications as a financial planner and counselor and is committed to making financial education more accessible, she does not provide specific professional advice through this channel or any Wealth for Women of Color content. Wealth for Women of Color is an educational platform and business. ▻▻ hi! 💁🏽♀️ I’m Lissa — I started Wealth for Women of Color because not enough women of color have a welcoming space to openly learn about money and building wealth. Join my community of 🏆winners🏆 who are building wealth, by subscribing and checking me out on other platforms. 💌 p.s. write down a plan and it's more likely to happen! #personalfinance #wealthforwomenofcolor #financialeducation