These are 9 debt payoff hacks that actually work.
I did some research before writing this post. I’m always horrified whenever I realize the amount of advice at the top positions in google search results that is bad. The subject of paying off debt is no exception to this rule.
More on that later.
Every blogger writes an obligatory post on how they cut corners to payoff debt. This is my attempt at that. This is an updated post. Originally, this was my third blog post. It’s now reformatted.
Another thing about this research I did. The stuff that tends to hold a lot of the top positions is easy Band-Aid solutions to paying off debt that doesn’t involve actually solving your problem.
It’s usually a matter of taking out a new loan or opening up a new credit card to transfer debt from one location to another. You might save money on interest, but you aren’t fixing your problem.
These are ways to payoff debt without earning any money. All your doing is replacing old debt with new.
The debt is still there!
The debt payoff hacks I talk about actually work. They involve lifestyle changes and changes in thinking that enable you to payoff the debt you owe.
Nothing else will work.
It’s just clickbait.
Any success I’ve had with paying off debt is 99% attributable to my wife. She is Chinese and grew up in Taiwan. She has no formal training in investments or finance. She has never read a personal finance book in her life. But she came from a family and, to a certain extent, a society that frowns on debt.
“Let me go talk to my manager!”
