In this video I tell you how I racked up $50,000 of debt when I was just 21 years old as well as share with you key strategies for paying off debt quickly, including the debt snowball, the debt avalanche, and a third debt payoff strategy that you may not be as familiar with. I also share some other methods of dealing with your debt that have their pros and cons such as balance transfer credit cards and debt consolidation loans. ➡️ Citi Double Cash Card (18-Month Balance Transfer Offer): http://go.moneydoneright.com/Citi-Double-Cash/ ➡️ Fiona Debt Consolidation Loan Comparison: http://go.moneydoneright.com/Fiona ➡️ FREE Millionaire Math Workshop: https://www.loganeducation.com/millionaire-workshop 📖 TABLE OF CONTENTS: 0:00 My Personal Debt Story ($50,000 at Age 21) 0:57 Different Kinds of Debt Require Different Strategies 1:47 Pay Off Balances or Put Toward Savings? 2:27 How to Pay Off Debt Quickly 6:07 Balance Transfer Cards 7:49 Debt Consolidation Loans Channels ✅ Subscribe to My Channel: https://www.youtube.com/channel/UCQ9WUXlSuLlbi5BLkgtEUEA?sub_confirmation=1 👨👩👦 Our Family Channel: https://youtube.com/TheAllecFamily 👩🏻 My Wife's Channel: https://youtube.com/CarolineAllec Other Videos 📃 Trump's Payroll Tax Deferral Memorandum: https://youtu.be/39WNoif30nk 💸 Trump's Unemployment Memorandum: https://youtu.be/uEcd1V-DMg4 🏠 Trump's Eviction Executive Order: https://youtu.be/ScrkEe2OivU Favorite Stuff 💰 Get Free Stocks: https://moneydoneright.com/webull/ ⛽ Get Cash Back on Gas: http://go.moneydoneright.com/GetUpside ⚰️ Free Life Insurance Quotes: https://moneydoneright.com/quotacy-life/ 💳 My Favorite Credit Card: https://moneydoneright.com/citi-double-cash-review This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities.