How to Start Paying Off Debt? | Strategies Explained with Pros and Cons | Your Rich BFF

Debt can be scary - there are so many strategies to help make it more manageable. This is a shame free zone, but what I don’t want you to do is avoid the topic just because it makes you uncomfortable. We all make mistakes, and whether your debt is “good” or “bad, I’m Vivian, your Rich BFF & your favorite Wall Street girly. In this video, I'll be going over the different methods to pay off your debt with explanations of their pros and cons. Use these strategies to protect yourself during an economic recession and move towards financial freedom. Please like, comment, and subscribe to learn more about being good with your money. ⭐️Timestamps ⭐️ 0:00 Don't be embarrassed 1:23 Debt Snowball Method 2:32 Debt Avalanche Method 3:22 Debt Consolidation 💸 Was this helpful? 💸 Which ones have you tried? What were some pros and cons? Share below to help each other out! 💚 If you liked this video, please let me know by subscribing to my channel or commenting what other topics you'd like me to discuss. -- ⭐️ About Me ⭐️ I am Vivian Tu, Your Rich BFF. I started my career as a Wall Street Trader before moving into Tech Business Development. During the pandemic, I was inspired to create financial literacy content to combat faulty advice and help others gain financial freedom. In less than a year, I've grown a community of over 3M besties across the world. I have been featured as a Top Content Creator of 2022 in Forbes, Bloomberg, MSNBC, the Wall Street Journal and more. ⭐️ Resources & Links ⭐️ Website : https://www.yourrichbff.com/ Sign up for my newsletter: https://www.yourrichbff.com/enriched Financial Literacy Books & More https://amzn.to/3UkhSoN