I am so happy to see people putting other options out there! Living a debt-free life does not have to be about speed. Sometimes there are reasons you take it slower. Any step forward is a step in the right direction!
@marleneaguirre7178
5 жыл бұрын
Thank your for being against snowball method! I used to follow Dame Ramsey and while it works for some, it didn’t make sense to me. I like contributing to my 401k and taking advantage of zero interest credit if it means leaving my savings alone
@envykailynn
5 жыл бұрын
Thank you for sharing your tips and tricks. My main goal this year is to pay my debts down or off this year. Credit cards (6k) and hopefully start my car (17k) 😩💪🏽
@blkintellect7744
5 жыл бұрын
The debt snowball works way better for me sorry I need to see progress faster and that keeps me motivated. I went and got a better to with a pay increase which has helped with the payoff tremendously. I have paid off 3 of 6 CC’s within about 7 months. After this I’m going on to paying off my car
@OneBigHappyLife
5 жыл бұрын
I understand, we just like to caution people to try to look past the appearance of progress and focus on the numbers (the actual progress). For many people just seeing the number drop month over month is progress and knowing that they are paying the absolute least they can in interest is plenty motivating. But we are also about doing what works for you and spending more money if it adds value to your life. So if the debt snowball keeps you on the path, then it's worth the money!--Tasha
@tmscoach06
4 жыл бұрын
Being in debt scares me. Congrats on your payoff.
@paulaquinlan8321
5 жыл бұрын
You guys are so refreshing! I love your approach to not going 100% in and throwing everything into debt payoff while sacrificing other things in life. Balance is everything and I appreciate the way you look at it. That is what works for my family as well.
@FeoshiaHDavis
5 жыл бұрын
One thing we did was refinance our house with a lower interest rate. Initially I wanted a lower payment. However we knocked the loan down from a 30 year pay off to a 15 year pay off just by paying about 100 more a month. I didn't get my lower payment. But what makes more sense? 15 year pay off!
@OneBigHappyLife
5 жыл бұрын
That's great that you crunched the numbers to figure out what was going to work out best for you. - Joseph
@harley6948
5 жыл бұрын
Before I even watch the episode, just need to say that I LOVE your sweater Tasha!
@CentsibleLivingWithMoneyMom
5 жыл бұрын
Excellent points all. I do agree padding savings and sinking funds are a great choice too.
@JillyC5
5 жыл бұрын
Brilliant advice guys! Realistic and practical. I paid off a lot of debt through transferring onto interest free cards, but I had to be very disciplined!
@VictoriaStrong
4 жыл бұрын
Very good advice, thanks so much guys!
@Dulcetrishxo
5 жыл бұрын
Really hoping you two see this! Do you two have any financial tips for people starting law school in the fall? Maybe tips on saving, paying existing debts down, etc. that you wish you would've known before going into more debt and having to quit your jobs (if that was the case for you)
@kevinmoore9524
Ай бұрын
Thank You.
@annaestrada1725
5 жыл бұрын
I’m so glad I came across your channel recently. Love the new info I’m currently 9k in my debt, hoping to pay it off/down this year
@brittjustdoes
5 жыл бұрын
I love your advice I have several 100k in debt for my sons medical bills and my motivation is to not start his adult life in debit. He 4 so I have time ❤️
@jmatos7872
5 жыл бұрын
You guys are amazing, thanks for all you do and sharing why you believe it will work well for us all. Honestly the pressure of feeling that you have to only be in beans and rice when you’re a free spirit is soooo hard. I’m motivated to payoff my debt this yr.
5 жыл бұрын
Big fan of side hustles:)
@yemesrachmehari4509
5 жыл бұрын
Love your videos!! I wish they taught me all of this in school.
@sharlenehayden2412
5 жыл бұрын
Cannot recommend following your credit report enough! I am a budgeting super nerd, so when I was alerted that I had a collections bill pop up on my credit I was shocked. Come to find out, a Quick Care I had gone to 10 months prior had incorrectly coded my visit and sent my bill to a nonexistent address due to an error in their system. Luckily I was able to catch it right away, call the collections agency, and because I was able to pay off the full amount right away they rescinded the negative report on my credit. Eventually it was all worked out and I was refunded the money by the Quick Care, but it could have been a real, unnecessary headache if I hadn’t been following my credit (or had a medical sinking fund to pay off the bill right away).
@kenyascorner4557
5 жыл бұрын
Sharlene Aamodt That is crazy! So glad you caught it!
@OneBigHappyLife
5 жыл бұрын
I'm glad that worked out for you. We've had similar situations where credit monitoring alerted us when a bill wasn't reaching us. - Joseph
@dawnmurray6945
5 жыл бұрын
Great podcast as always. Thanks for sharing
@chriscarvalho1786
5 жыл бұрын
Great video! 😁👌
@adibaker.adibaker
5 жыл бұрын
Thanks! A few new tips in there from the general.
@sincerelytet
5 жыл бұрын
Thanks for all the tips you guys give, they really help
@OneBigHappyLife
5 жыл бұрын
Thank you for watching! -Joseph
@perkidanman
5 жыл бұрын
Would you ever recommend something like a daily money manager for someone who is unable to stick to budgets (for example someone who cannot seem to break spending habits and is constantly broker or overspent)?
@jonesfamilyvrgames5777
5 жыл бұрын
I love these videos!
@tamekad-b1014
5 жыл бұрын
I'm trying to kind of pay off my debt fast just because it is crippling our finances. However we moved into a new house and I am going to be quitting my job to go back to two old employer (but it will be a pay cut) because right now I have a two hour commute to and from work. My boyfriend and I have a newborn so it is a bit difficult to get any traction or to make plans to get additional work. We have 7900 in medical bills, 3700 in furniture we financed, and then I have 3900 on a credit card.
@mahonewilliams2073
5 жыл бұрын
Don’t quit yet ... All thanks to Mark, my CC debt and personal loans totaling $76,000 has been paid off for free and I get to make at least $2780 via my credit weekly through his help you should talk to him via 408 444 7127 he is very fast and professional.
@jennifermeade687
5 жыл бұрын
Tameka D-B It was so frustrating until I finally meet hacker Leo he pay off my credit card debt for more info contact him on WhatsApp +19158438831
@deec121
5 жыл бұрын
My favorite channel!!!!
@Joy01298
5 жыл бұрын
Good morning new to your channel. Not sure if you are able to do this, if not I understand because you guys have a busy life. Are you able to make these list in a Google doc, it is very help for me to have it on file. I watch your video while at work which make it hard for me to right the list down. Thanks in advance.
@LoveAlwaysAngi
5 жыл бұрын
Great advice!!! Spending money in low interest debt before higher interest debt doesn't make financial sense!!
@ldorsey5111
5 жыл бұрын
I need that information!
@FeoshiaHDavis
5 жыл бұрын
This is good. There are so many whoo hoo mantra's on social media. But you need tips and strategies to live those mantras.
@mahonewilliams2073
5 жыл бұрын
Good
@kaitlynkilpatrick36
5 жыл бұрын
Can you make a video of good beginner credit cards?
@michaelhellmann5030
5 жыл бұрын
Disagree with you guys on this one. Also tough to take to heart with your video on being a million in debt. People get into debt via behavioral practices, focusing on behavioral interventions is more important than the cold hard math. I’m with Dave on this one. Do love your content though, keep it going.
@OneBigHappyLife
5 жыл бұрын
There are a lot of interesting things to unpack in your comment. The first is that the fact that we had $1 million in debt weigh against what we're saying here. It doesn't. In fact, since we made that video our net worth has increased by over $200,000. That means that our debt isn't stopping us from building wealth. Conversely, we've explicitly worked through the numbers (in our why we don't follow Dave Ramsey video) which show how paying off debt would actually lead to a lower net worth in the long run. So yes, we have ~920K in debt but it's on purpose. As we said in the video, you don't have to rapidly pay off debt in order to build wealth and become financially independent--though you might choose to for other reasons. Now let's chat about these behavioral practices. First, just because behavioral practices led to debt doesn't mean they are they solution. And further, just because people did not consider the cold hard math before they got into debt does not mean that they should not do it now or that it can't help them get out of debt. Having said that, understand that we are also promoting a behavioral approach--one that is positive, goals-driven, and efficient. You can just as easily count every $100 paid off as a small win. Or you could count every month that you meant your debt payoff goal as a win. There are lots of ways to use behavioral practices to spur change. We believe it's best to choose an option that also allows you to be efficient with your money by paying off your highest cost debt first.--Tasha
@MTobin1000
5 жыл бұрын
Hey guys...quick question for you. I paid off all my debt (house, cars, cc, kid's student loans and adult kid's weddings (2).....yes, I'm very lucky and very fortunate at age 53 and will never be in debt ever again. Would you pls answer something for me?,,,,,,,I just read elsewhere that when all debt is paid off my credit score (which was 811 this past year last I checked) will drop to... ZERO. ??? I've never heard that statement before. Can you guys give me the proper answer to that question? thanks so much. I really enjoy your videos. Mike
@stinehansen3893
5 жыл бұрын
MTobin1000 Following! 👀
@kenyascorner4557
5 жыл бұрын
MTobin1000 Now I’m going to do some research because this is a very interesting question. My very high credit score recently dropped a few points after I paid off one of my student loans. It seems that having less debt = less credit-worthiness. It’s such a backwards system!
@jrzeminemgrl2
5 жыл бұрын
It's true, but it will take a long time, about 10 years after your last account closes. That would mean the accounts are so old that they are no longer reported.
@MTobin1000
5 жыл бұрын
thank you Patrice...just amazing...I'll get penalized (down the road) simply for carrying no debt...kind of a goofy system. thanks for the help.@@jrzeminemgrl2
@MTobin1000
5 жыл бұрын
thank you. it sure is. @@kenyascorner4557
@katlennat1680
5 жыл бұрын
Hey Loves, Did you get a patten on “One Big Happy Life”. I think you should with the crazy and shady people out there.
@OneBigHappyLife
5 жыл бұрын
We've filed for the trademark already. - Joseph
@aimeerogers4542
5 жыл бұрын
How do you feel about debt management programs and agencies
@arineteg9752
5 жыл бұрын
Really helpful video, thankyou guys 😊
@OneBigHappyLife
5 жыл бұрын
Thank you for watching!-Joseph
@rachelbritton3498
5 жыл бұрын
Tasha you have the nicest clothes! Where do you shop the most?
@interesting2me
5 жыл бұрын
There's no surplus for many.
@GrantValdes
5 жыл бұрын
You just bought car #3 for your teenager and went into $25k debt for it! A year prior on this channel you were justifying the huge debt on car #2 by saying you would gift that one to her. You're a million in debt. There's not an expense you can't justify. (Vitamix #2 impulse buy because the other Vitamix is 7 years old and doesn't work with an app?) You people are spendaholics without credibility.
@OneBigHappyLife
5 жыл бұрын
Wow you went deep into our video library to leave this comment, pulling from multiple other videos. I'm impressed that you've watched so many. But I'm disappointed that despite watching so many, you still missed the whole point of our channel: "find balance, build wealth, live happy"? First, understand that we don't have to justify anything. Our money choices are our own and we don't need external approval or validation. But we do love showing people how to get past anti-debt rhetoric (which is largely not even based on the actual math or facts) and show people how to create financial plans that allow them to have their lattes (or new cars or vitamixes) AND their millions too. So yes, we've financed cars, taken vacations, and replaced high end blenders, while also growing our net worth by over $150K this year alone. And FYI, our nest egg wouldn't be increasing at such a rapid rate if we were just "spendaholics." As for our credibility, well there is of course our rapidly growing nest egg so the proof is in the pudding, but beyond that, we're attorneys with a combined several decades-worth of finance, accounting, and banking law experience between the two of us.--Tasha
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