Girls Night #160: How to get out of Debt and Find Financial Freedom
IN THIS PODCAST EPISODE YOU’LL LEARN:
Why it’s important to free yourself from debt and how to actually do it
How to make getting out of debt more fun and less intimidating (and how to set goals for yourself)
Why a budget can help you get out of debt and give you control over your money
What to do about credit cards and how to be smart with them
How to start building toward a better financial future
(You can also listen right here!👇)
(Or watch the interview right here!👇)
ABOUT THIS EPISODE
Hey friends! Welcome to Girls Night!
I’m so excited about today’s episode. Today we’re talking about how to get out of debt!
I wanted to do an episode on this topic because I know there are so many women in our community who are really struggling with their finances right now.
There are so many things you dream of doing in life, but debt is standing in the way of all of them. You want financial freedom, but reaching that point seems confusing, daunting, and like it will require an unthinkable amount of sacrifice to achieve.
I totally understand that feeling. I’ve been there too. But the things we’re talking about in today’s episode have helped me so much to get control of my financial life, and I truly believe they’ll do the same for you.
And to help us with this, I invited my friend Rachel Cruze back on the show! Rachel is an author, financial expert and host of The Rachel Cruze Show. I knew I needed to have Rachel on for this episode because she’s helped countless people get out of debt and achieve financial freedom — and the way she does it is so approachable and actually doable.
I can’t wait for you to hear from her.
PIN ME!
LINKS FROM THE SHOW
Steph’s book, The Lipstick Gospel (here’s a paperback copy and here’s a free digital download!)
Steph’s prayer journals, Every Single Moment and The Between Places
EveryDollar App for budgeting
To pay off debt, Rachel recommends getting an $1,000 emergency fund and then paying off your debt using the debt snowball method.
Quotes Mentioned:
"Debt is owing anything to anyone for any reason" - Rachel
"I do not believe there is any good debt out there" - Rachel
"Personal finance is 80% behavior" - Rachel
"Celebrate the wins as you go" - Rachel
"The deeper you're willing to sacrifice, the faster you're going to get out" - Rachel
"I look at a budget as permission to spend" - Rachel
CONNECT WITH RACHEL
Website // Instagram // Facebook
CONNECT WITH STEPHANIE
WE LOVE OUR SPONSORS!
Our sponsor for today’s episode is Babbel!
Right now, save up to 60% off your subscription when you go to Babbel.com/girlsnight