71 - Get out of debt

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Don't let money master you.
Get out of debt and feel the power :-)

This episode is the story of young Andy and also a "how to" for getting out of debt.

Use YNAB
You Need A Budget software/app
https://www.ynab.com/


Here are some common pitfalls to avoid:

1. **Not Tracking Expenses:** 

2. **Relying on Mental Accounting:** 

3. **Ignoring Small Purchases:**

4. **Neglecting Automatic Payments:** 

5. **Impulse Buying:** 

6. **Using Credit Cards Unwisely:** 

7. **Shopping without a List:** 

8. **Not Budgeting for Irregular Expenses:** 

9. **Not Reviewing Bills:** 

10. **Lack of Communication:** 

11- **Use Cash Envelopes:** 

Ramsey vs Profit first bank accounts

12- **Use Alerts:**

13 - **Create a Detailed Budget:** 

14. **Prioritize Needs Over Wants:** 

15 watch out for subscriptions.  

Common ways the average person can work towards getting out of debt:

1. **Create a Budget:** 
2. **Use the Debt Snowball Method:** 
3. **Debt Avalanche Method:** 
4. **Negotiate with Creditors:** 
5. **Cut Unnecessary Expenses:** 
6. **Increase Income:** 
7. **Use Windfalls Wisely:** 
8. **Consolidate Debt:** 
9. **Credit Counseling:** 
10. **Debt Settlement:** 
11. **Avoid New Debt:** 
12. **Financial Education:** 

Hire a mentor!  Like Vincent financial group.

On this podcast you will hear actionable tips on Building a Firm Foundation for Life in Fitness, Food, and Finance

I believe in building a firm foundation for life through functional fitness, farm-fresh nutrition, and sound financial practices. Join us in creating a healthy and resilient future!

We are happy, humble, helpful people that want to be healthy and fit now, as well as in their 90's. I talk about how to live that good life now and later with a heavy slant towards fitness and nutrition. I will even get into mindset, goals, raising chickens, raising kids, bitcoin, rental property, and entrepreneurialism 

CrossFit Garage (Woodstock GA)

https://crossfitgarage.com/get-started/

YouTube channel with other visually videos (long and shorts)

https://www.youtube.com/@AndyMcCann42

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