I share how my husband and I paid off 0,000 of debt in under 3 years and the 7 tips that helped us in our debt-free journey. If you are someone who is also on your debt-free journey or trying to build financial literacy, I hope this video motivates and encourages you!

If you haven’t yet, please LIKE this video. It really helps the YouTube algorithm as I’m growing my channel!

Thank you so much for watching.
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0:13 — why I decided to make this video
2:44 — our money situation
5:05 — 7 things that helped us in our debt free journey
5:15 — track what you spend
6:30 — pay above monthly minimums and use the snowball method
9:04 — live below your means
10:53 — control the content you consume
12:35 — increase your income
13:41 — don’t give up!!!

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Resources mentioned:
– Aja Dang: https://bit.ly/3dOW8xU
– The Financial Diet: https://bit.ly/3fYWeWj
– CNBC Make it:https://bit.ly/3mzmMP6
– Refinery 29 Money Diaries: https://r29.co/3mypfJA
– Graham Stephan: https://bit.ly/3dUjy4M
– Dave Ramsey: https://bit.ly/3d1AUNX
– Reddit r/personalfinance: https://bit.ly/39Zzm5c
– Reddit r/fire: https://bit.ly/321CCIV

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Personal Instagram: Instagram.com/coffeeandhoneycomb

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Tags:
debt free, debt free journey, debt free scream, debt free now what, debt to income ratio, debt free millennial, debt free living, debt free Dave Ramsey, debt free Aja dang, millennial money, millennial money graham stephan, millennial money moves, financial literacy, financial education, financial freedom, financial diet, should I pay off my debt or invest, should I pay off my credit card, should I pay off student loans, should I pay off debt early, how to get out of debt, how to get out of debt fast, what should I do with my money, what should I do with 1000 dollars, what should I do with 10k, generational wealth, Korean American, aapi, api, Asian American

I used to publicly share all of my goals. I’d broadcast my new years resolutions every year on YouTube, Instagram, and on FaceBook. Over the years, however, I discovered that after I’d shared my goal with my viewers, I’d be less motivated to reach those goals, because I felt as if I’d already met it. Then I heard a TedTalk by Derek Sivers, an entrepreneur, who shared research dating back to the 1920’s, that indicated that people are less inclined to reach their goals after they’ve shared them with others.

In this video I talk about how I no longer share my goals on social media. For the past several years I’ve found that this helps me to work harder to achieve my goals. I challenge you to try not to share your next goal with others, and see if it impacts how fast (or if at all) it helps you to reach it.

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck https://youtu.be/HFofLtL_Dqo

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials. https://www.youtube.com/playlist?list=PLCcb1sUywdhMDvUOUnp3osrFOZNXGpped

Build Your Cloth Diaper Stash Here:
*http://www.nickisdiapers.com/?AffId=32

ツ S U B S C R I B E (it’s FREE)
http://www.youtube.com/subscription_center?add_user=msdiaperd

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

‘Marty Gots a Plan’ by Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
http://creativecommons.org/licenses/by/3.0/
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Our debt free journey began 8 years ago. We’ve been living debt free for the past five after doing our debt free scream on the Dave Ramsey show in 2015.

• Our Budget Template (free): http://www.mikeandbrit.com/budget
• Our Debt Payoff Organizer: https://www.mikeandbrit.com/debt-organizer
• Our Robinhood Invite Code (grab a free stock): https://join.robinhood.com/michaem27270
•Gear We Use for Our YouTube Videos: https://www.amazon.com/shop/mikethemathman?listId=2F90KJ814LCXF
•Instagram: https://www.instagram.com/itsmikeandbrit

We’re technically millennials, so I guess that would make us debt free millennials. But the thing about being debt free is that, while it’s easy to think it’s the end goal financially, becoming debt free is actually not the end goal. The end goal, at least for us, is financial freedom. Independence. The ability to do whatever we want, when we want, and not have to worry about how much it costs (to a certain extent).

Right now, even though we’re debt free, we still have bills to pay. Rent, utilities, food, insurance, clothing, etc. Our end goal is to create a series of income sources (both passive income from investments, and online income) so we can cover all of our necessary expenses from the interest our investments make, and have fun with the online income. Or we may reverse that. We’re still figuring it out.

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~~GEAR I USE~~

iPhone 11 Pro Max (Midnight Green) – https://amzn.to/2Clt4M4

Camera 1 – Sony a6300 – https://amzn.to/2IT0sht
Camera 2 – Sony a6500 – https://amzn.to/2ZvONuX

Lenses:
Sony 10-18mm f/4 – https://amzn.to/2DuIMpf
Sony 50mm f/1.8 – https://amzn.to/2Dtob4D
Sigma 16mm f/1.4 – https://amzn.to/2ZpYZW5
Minolta Maxxum 75-300mm f/4.5 – https://amzn.to/2Gw1Cgb

Tripod – Manfrotto 290 Xtra – https://amzn.to/2GEvKYg
Tripod Head – Manfrotto 3-Way Photo Head – https://amzn.to/2IOjNAw

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GET MY FREE BUDGET MAKEOVER course and Free Chapter of my book by joining my email list here:
https://www.mamafurfur.com/freebies

I received an email the other week, but this was a little different and really spoke to my heart. It described a very common situation of feeling “stuck and trapped” in life with money and I wanted to give you a straight forward exact route of how to change your relationship with money and even achieve time freedom within 5 years. I know this plan works, as we did it and actually achieved leaving the 9-5 jobs within 3 years of putting it in place. I hope you enjoy this video and please do share with someone you know who might feel in a similar stuck position.

Timestamps
00:00 I received this Email and had to reply
01:34 The Mindset you need to achieve Financial Freedom
03:17 The Strategy – Budget time
13:53 The Strategy – Passive Incomes
18:31 How to go from £0 to Financial Freedom in under 5 years (STEP BY STEP CALCULATIONS)

Some of the links in this description are affiliate links that mean I receive a fee for recommending them, but it does not affect your price. This helps to support my work and channel, so thank you!

INVESTING PLATFORMS I USE (these are affiliate links):
???? Invest using Etoro – https://mamafurfur.com/etoro
???? Invest using Trading212 – https://mamafurfur.com/trading212 (we both receive a free share up to £100)
???? Invest using Freetrade – https://mamafurfur.com/freetrade (we both receive a FREE SHARE worth £2-200).
???? Invest using Coinbase for Crypto – https://www.mamafurfur.com/coinbase
????Investing Research using Genuine Impact App (and we both get a free month of Premium access) – https://www.mamafurfur.com/genuineimpact

** If using CFDs – they are complex instruments and come with a high risk of losing money rapidly due to leverage. ​67% of retail investor accounts lose money when trading CFDs with this provider​. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees may apply. Virtual Currencies are highly volatile. **

PRODUCTS & SERVICES we use:
???? BULB for our energy bills – we both get £50 off your next bill by using our referral link here – https://www.mamafurfur.com/bulb
???? PensionBee – https://www.mamafurfur.com/pensionbee (Your capital is at risk)

MY ONLINE COURSES & PRODUCTS:
???? Money Stacks Method Budget System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker
https://www.mamafurfur.com/spreadsheet
????Money Stacks Budget Book (3 month) Paper version – https://www.mamafurfur.com/planner
????Money Stacks Budget Book Digital Version (for Goodnotes etc) – https://www.mamafurfur.com/digital
???? My Book – The Master Money Blueprint available on Paperback and Kindle https://amzn.to/2IThc9w
???? “Investing Made Simple – Learn to Invest in 72 hours”
https://mamafurfur.com/investing
???? BUDGET SUCCESS BOOTCAMP Mini-Course here
http://bit.ly/BudgetSuccessBootcamp
???? Youtube DECODED (Perfect for new content creators or wannabe creators)
https://www.mamafurfur.com/courses

MY VIDEO & PODCAST GEAR:
???? http://www.mamafurfur.com/vlogkit

???? Our weekly podcast –
My husband Matt and I host a weekly podcast where we discuss happiness, prosperity and the lifestyle design. You can find it by searching “The Prosperity Project” on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).

????Our Family Youtube Channel
Our family of 4 has a lifestyle channel to covering Life, Holidays, Meal planning & budgeting and even lego builds.
https://www.youtube.com/c/TheKempsonHouse

KEEP IN TOUCH:
???? My website / blog – https://www.mamafurfur.com
???? Instagram – https://www.instagram.com/mamafurfur
???? Twitter – https://twitter.com/mamafurfur
???? Facebook – https://www..facebook.com/mamafurfur

WHO AM I:
I’m Jennifer Kempson, Scottish Mum, Engineer and full time Investor/Entrepreneur/Author/Financial Educator. I make videos about personal finance, investing, entrepreneurship, and lifestyle design. I also have a weekly podcast with my husband Matt called The Prosperity Project. We have two small boys and live in Glasgow, Scotland, UK. Together we paid off £24k+ of consumer debt in 2016, built a 6-figure side hustle in 2 years and aiming to be mortgage free and financially free in 2021.

???? My website / blog – https://www.mamafurfur.com

GET IN TOUCH:
If you’d like to talk, I’d love to hear from you. Sadly I cannot reply to every comment or message, but thank you for supporting my channel.

PS: All thoughts, reviews and suggestions my own. All information is given for educational purpose and not financial advice.
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Becoming debt free is a HUGE deal. It took Brittany and I 3 years to pay off our debt and become debt free. Here are some things we learned to avoid.

• Our Budget Template (free): http://www.mikeandbrit.com/budget
• Our Debt Payoff Organizer: https://www.mikeandbrit.com/debt-organizer
• Our Robinhood Invite Code (grab a free stock): https://join.robinhood.com/michaem27270
•Gear We Use for Our YouTube Videos: https://www.amazon.com/shop/mikethemathman?listId=2F90KJ814LCXF
•Instagram: https://www.instagram.com/itsmikeandbrit

1) Doing it Half Way.
If you’re going to become debt free, go all in. Be dedicated to it. If you do it half way, you may not make it and it will take twice as long as it could have. The more energy and effort and sacrifice you make to become debt free, the faster you’ll become debt free.

2) Wrapping your identity into your car.
Dave Ramsey often suggests to people who are in a bad financial situation to sell their cars if it makes sense. Trade it in for a beater. It definitely made sense in our situation. I traded my ,000 Toyota Prius in for a ,000 2004 Acura TL that I STILL FINANCED. I should have traded down even further for something like k or k. We would have been debt free a month or two more quickly.

3) Not doing a written budget.
Budgeting allows you to track every single dollar you earn and spend. It’s basically a 30,000 foot view of what’s happening with your money. It allows you to see what’s happening with your money so you know what changes to make to bring you to your goals financially. Don’t over think it. Don’t argue about it like we did. Don’t think you can keep track of every little thing in your head. You can’t. Just do a budget.

4) Not sticking to the budget.
A budget is something both of you do together and agree upon (if married). Be realistic with your budget. Practice self awareness. Don’t make a budget you don’t think you can stick to, or else it will lead to feelings of failure.

5) Not giving yourself “fun money”
I’m the type of person who can sit at home and play video games all day, eat the same thing for every meal, and be totally fine. Brittany not so much. Know yourself well enough to determine if you need a few dollars to play around with every month.

6) Not celebrating small victories enough
Give yourself a moral boost. When you pay something off, celebrate it somehow. Don’t go spending 0 for a high end dinner, but mark the victory with something.

7) Not communicating about purchases
This one is mostly for married couples. Communication is kindness. Everyone knows the leading cause of divorce is finance related. Communicate with your spouse about money. Over-communicate. The lack of communication between Brittany and I at the beginning led to a lot of arguments.

8) Going to the grocery store while hungry.
Don’t do it! If you’re hungry, you’re more likely to spend more than you need to on food. We did this a lot.

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~~GEAR I USE~~

Camera 1 – Sony a6300 – https://amzn.to/2IT0sht
Camera 2 – Sony a6500 – https://amzn.to/2ZvONuX

Lenses:
Sony 10-18mm f/4 – https://amzn.to/2DuIMpf
Sony 50mm f/1.8 – https://amzn.to/2Dtob4D
Sigma 16mm f/1.4 – https://amzn.to/2ZpYZW5
Minolta Maxxum 75-300mm f/4.5 – https://amzn.to/2Gw1Cgb

Tripod – Manfrotto 290 Xtra – https://amzn.to/2GEvKYg
Tripod Head – Manfrotto 3-Way Photo Head – https://amzn.to/2IOjNAw

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