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Are you overwhelmed by debt and feeling trapped? In this episode of Eternal Wealth, Shani Tené shares powerful strategies to help you eliminate debt and achieve financial freedom.
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THINGS MENTIONED IN THIS VIDEO 👀
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🔥Debt Tracker: https://shanitene.com/debttracker
🔥Monarch Money: https://shanitene.com/monarch
🔥The Story of Nehemiah addressing the oppression of the poor in Nehemiah 5:1-13
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Host: Shani Tené
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KEYWORDS
debt elimination, debt freedom, financial freedom, money management, budgeting, debt repayment, Christian finance, Bible, how to pay debt
SUMMARY OF KEY POINTS
Money Talk Series Overview (0:00 – 0:17)
The episode opens with a powerful statement about the urgency of addressing debt. It emphasizes that failure to take immediate action could result in severe financial consequences. The host urges listeners to take a bold step towards a debt-free life today, highlighting that the path to financial freedom is within reach.
Introduction and Episode Preview (0:19 – 0:58)
Shani Tené, the host and self-described money coach, introduces herself and the podcast, Eternal Wealth, a show that explores the intersection of faith and finance. She sets the tone for the episode, which focuses on how to eliminate debt effectively. Shani also hints at a special resource and weekly action plan to be revealed later, designed to help listeners accelerate their debt reduction journey.
Identifying Debt Struggles (0:58 – 1:45)
Shani engages the audience with a series of questions to identify common struggles related to debt. She describes various scenarios such as feeling overwhelmed by debt, lacking financial knowledge, making poor lifestyle choices, and facing emotional barriers like fear, shame, and guilt. Shani reassures listeners that they are not alone and that solutions are available.
Money Talk Series Explanation (1:45 – 2:30)
The host explains the “Money Talk” series, a segment where individuals anonymously share their financial struggles. Shani selects a story to provide actionable solutions based on biblical principles. She invites listeners to submit their own money problems for future episodes, maintaining anonymity and offering an opportunity for them to become the next “mystery guest.”
Mystery Guest Introduction (2:31 – 4:07)
This episode’s mystery guest, whom Shani calls “Tyler,” is introduced. He is a 41-year-old married man with children, working as a sales representative with an annual salary of $65,000 and monthly expenses averaging $4,000. Tyler’s story reveals a long struggle with debt that started with a few credit cards and snowballed into a stressful financial situation. Despite his and his wife’s dreams of buying a house, medical bills for his father’s illness compounded their financial woes, pushing Tyler to the realization that drastic measures are needed to avoid losing everything.
Host’s Personal Experience and Encouragement (4:07 – 5:21)
Shani shares her personal experience with debt, recounting how she once found herself in a similar cycle of using debt to cover basic expenses, leading to further financial strain. She encourages listeners to declare their intention to be debt-free and take action towards this goal. Shani prompts the audience to make a public declaration by commenting with a specific date by which they aim to be debt-free, reinforcing the importance of both belief and action in achieving financial freedom.
Bible Story (5:22 – 7:03)
Shani turns to the Bible, recounting the story of Nehemiah to underscore the importance of eliminating debt and advocating for financial justice. In Nehemiah chapter 5, the rich exploit the poor in a time of crisis, charging high interest rates and forcing people to sell their homes and even their children. Nehemiah confronts this injustice, demanding that the wealthy return what they have taken and cancel the debts. The story serves as a powerful reminder that debt has been a significant issue throughout history, but it also emphasizes that redemption from debt is possible through fairness and community support.
Call to Community Action and Introduction to Tips (7:03 – 8:20)
Inspired by Nehemiah’s actions, Shani encourages listeners to support each other in their journey toward financial freedom. She advocates for creating a more just and compassionate world through financial education and community involvement. Shani urges listeners to share the episode and apply the strategies discussed to help others break free from debt. With this spirit of community work in mind, she prepares to dive into actionable tips for debt elimination, using Tyler’s story as a real-world example of the urgency to take action before it’s too late.
Tip #1 – Reducing Expenses Through Negotiating Bills (8:33 – 12:09)
The first tip Shani shares is the importance of negotiating bills to free up money for debt repayment. She advises listeners to review recurring expenses like internet, cable, phone, insurance, and subscriptions to identify opportunities for cost reduction. By calling service providers and asking for promotions, discounts, or loyalty discounts, listeners can save money. Shani also suggests mentioning potential switching to a competitor to leverage better rates. The potential savings can be substantial, with up to $100 or more each month redirected toward debt repayment. As a game-changer, Shani reveals a new AI service that automates the bill negotiation process, saving users hundreds of dollars without making any phone calls. This AI tool streamlines the process, achieving significant savings quickly and easily.
FREE Tool to Boost Investing
Timestamp: 12:40 – 12:51
A free tool is offered to help with investing, with the host promising to share the link in the episode description. Listeners are encouraged to sign up using the host’s link.
Tip #2
Timestamp: 12:51 – 15:21
Developing a Debt Repayment Plan Through the Debt Avalanche Method
The second tip focuses on creating a debt repayment plan using the debt avalanche method. The process involves:
- Listing all debts, including credit cards, loans, and other balances.
- Noting the interest rates and minimum monthly payments for each debt.
- Prioritizing debts by arranging them from the highest to the lowest interest rate.
- Allocating extra payments to the debt with the highest interest rate while continuing to make minimum payments on all debts.
The debt avalanche method minimizes the amount of interest paid over time, allowing for faster debt elimination. Implementing the snowball effect—using the funds from each cleared debt to tackle the next—creates momentum, accelerating debt repayment.
FREE Tool to Boost Debt Elimination
Timestamp: 15:22 – 16:20
The host introduces a partner, Coachline, offering a free training program titled “Five Steps to Reach Financial Freedom, The Kingdom Way.” This training covers budgeting, giving, optimizing savings, eliminating debt, and creating an investment strategy. Access to the training requires a subscription to the Eternal Wealth podcast.
Tip #3
Timestamp: 16:21 – 21:28
Developing Sustainable Money Habits Through a Budget
The third tip emphasizes developing sustainable money habits by creating a well-organized budget. The budget should categorize spending into five main areas:
- Expenses: Include necessary living costs like housing, utilities, groceries, transportation, and insurance. The goal is to manage these carefully to avoid overspending.
- Giving: Allocate a portion of income to tithing, charitable donations, or helping others, ensuring it doesn’t compromise debt repayment.
- Savings: Building an emergency fund and setting aside money for short-term goals is crucial to avoid reliance on credit during unexpected expenses.
- Investing: Even while prioritizing debt repayment, allocate some money toward future investments like retirement accounts to build long-term wealth.
- Debt: Allocate a significant portion of the budget to debt repayment using the debt avalanche method.
The host recommends using a budgeting tool like Monarch Money for tracking spending, setting financial goals, and making budget adjustments. Consistency and regular review are key to creating habits that prevent falling back into debt.
Recap
Timestamp: 21:29 – 22:33
The episode recaps the main points:
- A mystery guest shares their desire to eliminate debt.
- The biblical story of Nehemiah is discussed, highlighting the potential for redemption from debt when people support each other.
- The three key tips for eliminating debt are reviewed:
- Reducing expenses through bill negotiation.
- Developing a debt repayment plan using the debt avalanche method.
- Creating sustainable money habits through budgeting with five main expense categories.
BONUS Weekly Action
Timestamp: 22:33 – 23:42
Listeners are encouraged to create a debt elimination plan using a free downloadable spreadsheet available via a link in the episode description. To signify their commitment, listeners are invited to comment “I am debt free,” and the host will pray for their financial journey.
Prayer (24:58 – 26:01)
The episode transitions into a heartfelt prayer focused on seeking freedom from debt. The host prays for the listeners, asking for the strength and skills necessary to eliminate debt, so they can fulfill their purpose and glorify God. The prayer emphasizes peace, comfort, and redemption, highlighting the desire for listeners to live a joyful and purposeful life free from financial burdens. The prayer concludes with a reaffirmation of faith and gratitude to God.
Invitation to Faith (26:01 – 26:33)
The host extends an invitation to listeners who may feel the need to enter into a relationship with God or rededicate their lives to Christ. Acknowledging that financial or personal struggles might leave them seeking spiritual support, the host offers a simple prayer for those wanting to accept Jesus as their Lord and Savior. This segment serves as an opportunity for spiritual renewal and connection, providing listeners with a moment of introspection and faith.
Celebration and Support for New Believers (26:33 – 27:11)
Listeners who recite the prayer to accept Jesus as their Lord and Savior are congratulated warmly. The host expresses excitement and joy, emphasizing that this decision is celebrated in the kingdom of heaven. To support new believers on their faith journey, a link to a special gift is provided in the episode description. This section underscores the community aspect of the podcast, offering guidance and encouragement for those taking their first steps in faith.
Episode Wrap-Up and Call to Action (27:11 – 27:49)
The host concludes the episode by thanking listeners and encouraging them to subscribe, like, and share the podcast. A final message of peace, love, and “eternal wealth” is shared, emphasizing the podcast’s overarching theme. Listeners are invited to visit the host’s website for show notes, resources, and to join an exclusive community of “eternal wealth builders” for further support and engagement. The closing call to action aims to foster a supportive network and promote continued learning and growth.
TIMESTAMP CHAPTERS
0:00 Intro
0:30 Episode Topic
1:46 Money Talk Series Overview
2:30 Mystery Guest
5:20 Bible Story
8:05 Money Misconception
8:36 Tip #1
12:45 Tip #2
15:23 FREE Tool to Boost Savings
16:43 Tip #3
21:41 Recap
22:49 BONUS Weekly Action
23:37 Prayer
27:28 Outro
TRANSCRIPT
If you don’t take drastic measures today to eliminate your debt, you could lose everything tomorrow. So don’t let tomorrow be the day your debt becomes your downfall. The path to a debt-free life is within reach, and it all starts with just one bold step that you can take today.
What’s up? It’s your favorite money coach, Shani Tené. Welcome to Eternal Wealth, where finance meets faith. Here, be sure to click that subscribe button because you’re not going to miss another show.
But in today’s episode, we’re talking all about how to eliminate debt once and for all. And make sure you stick around to the end because I’ll also share one resource that will help you reduce debt faster and one action you can take this week to see immediate results with debt elimination. I’m so excited about debt elimination because ain’t nobody got time for debt.
But anywho, I have a question for you. Do you struggle with debt elimination? Maybe you have an overwhelming amount of debt. You have so much debt that it’s paralyzing, that creates that sense of hopelessness.
Maybe you lack financial knowledge, like you don’t have access to the necessary financial education to really understand debt and all the things that are associated with it. Maybe you just have a negative lifestyle choices that you make. You continue to live beyond your means, make it impossible to get out of debt, spending too much.
I used to be there, don’t worry. Maybe you’re suffering from emotional barriers, like you have fear or shame or even guilt around your debt, which is basically stopping you from addressing it. So whatever the case may be, you are in the right place because we have solutions for you.
So right now we are in the Money Talk series where we are normalizing talking about money. And so what this means is that people are submitting anonymous stories based on money problems that they have. I’m picking a story and then I’m selecting a story and gonna provide actionable solutions based on biblical principles for them to be able to tackle whatever the issue is that they’re going with.
So if you have a money problem or you’re dealing with something that you need help with, feel free to click the link in the description and to submit your anonymous story. I won’t know who you are, the listeners won’t know who you are, completely anonymous. So check that link and maybe you might be our next mystery guest, ooh.
Today our mystery guest is a male. He’s 41 years old, married with children. He’s a sales representative.
His annual salary is $65,000. His average monthly expenses are $4,000 a month and he’s located in a small city in the United States. So obviously his identity has been concealed for privacy reasons, but we will call him Tyler.
So here is what Tyler has to say. I’ve been living paycheck to paycheck for as long as I can remember. It started out harmless, a few credit cards for small purchases, but then the debt started to pile up like snow in a blizzard.
I found myself juggling multiple bills, interest rates soaring higher basically than the cost of living. It was a constant cycle of stress and anxiety. My wife and I have been dreaming of buying a house for years, but it felt like a distant fantasy.
We were trapped in a cycle of debt, unable to save a single penny. Then my father fell ill. The medical bills were astronomical.
I felt like my whole world was crumbling around me. I realized that if I don’t take drastic measures, I will lose everything. It’s time to face my financial demons head on.
So how do I break free from this cycle of debt? Tyler, thank you so much for sharing your story. I remember when I was in so much debt that I couldn’t even afford to pay my rent. And then I put myself in even more debt to pay the rent.
It became like a never ending cycle where I was constantly drowning in debt. And it wasn’t really until I put a real plan in place that I was able to get some relief. And so the good news is relief is on the way for you and for everyone listening.
So if you are struggling with debt, I want you to make the declaration today that you are debt free. So the first step is to believing it. And then the second step is to act on it.
So put in the comments right now, I will be debt free by fill in the blank, okay? Insert a date into that portion. So I will be debt free by September, 2025, September, 2026, September, 2027, whatever the date may be put, I will be debt free by insert your date, okay? We are gonna start to manifest these things so they become a reality, okay? So whatever it is, put it in the comments, declare it and believe it because you got this and it will happen, okay? So today I’m super excited to share with you three tips that will help you reach that goal. But before we get into the tips, let’s take a look at what God has to say about debt, all right, because it’s story time.
So we’re gonna look at a powerful story from the Bible that teaches us about the importance of eliminating debt and advocating for financial justice. So this is going to be the story of Nehemiah, one of my favorite Bible characters that addresses the oppression of the poor in Nehemiah chapter five, verses one through 13. So imagine this, Jerusalem’s basically a disaster zone.
It’s a hot, sizzling mess. Walls are crumbling, people are starving, but you know the worst part? The rich are taking advantage of the poor. Sounds familiar, right? So they’re charging all these crazy high interest rates, forcing people to sell their homes and even forcing them to sell their kids.
Like how tragic is that? And they essentially have to sell everything. And so Nehemiah, who’s the leader of rebuilding of Jerusalem’s walls, so like it got destroyed, so he’s rebuilding the walls in Jerusalem and he’s responsible for that. Nehemiah hears about this and he flips out, y’all.
So he calls up everyone and he’s like, what the heck is going on? Like, this is so wrong. And so what he ends up doing is he makes the rich people give back what they stole and cancel all the debts. Like cancel all the debts.
And so isn’t that amazing? So the moral of the story here is like, debt is a serious problem. Like it was serious back then and it’s serious today. But the good news is we can be redeemed from debt just like they were in Jerusalem, okay? And so when we stick up for each other and demand fairness, we can make a difference.
So it’s just like Nehemiah said, let’s build people up, not just walls. I love that, okay? And so this story really challenged us to look at our own communities and ask ourself, how can we be a Nehemiah today? How can we help lift the burden of debt from those around us whether it’s through advocacy, financial education, or simply by lending a helping hand? We can all play a part in creating a more and just compassionate world. So I’m gonna do my part today and give y’all the financial education.
And I want you guys to do your part by sharing this video with others who can also benefit. And then I want you to actually implement the tips that you hear today so you can finally get out of debt, okay? So that’s what we call community work. The same thing that Nehemiah was doing, okay? We’re gonna do this together.
So let’s talk about how we can experience the same debt relief that the people of Jerusalem were fortunate to experience, all right? So first, let’s just take it back a little bit to Tyler’s story, because I wanna touch on something because he mentioned that he could lose everything. And that’s unfortunately the reality for a lot of us. If you don’t take drastic measures today to eliminate your debt, you could lose everything tomorrow.
So don’t let tomorrow be the day your debt becomes your downfall. The path to a debt-free life is within reach. And it all starts with just one bold step that you can take today.
So let’s get into tip number one. Reducing expenses through negotiating bills. So one of the first steps in eliminating debt is to free up as much money as possible.
And a great way to do this is by negotiating your bills. So it sounds pretty simple, but it’s so effective. So a lot of people actually overlook this, but it can really save you a significant amount of money each month.
So what you wanna do is start by reviewing all your recurring bills. This includes your internet, your cable, your phone, your insurance, and even subscription services. So the goal here is to find opportunities where you might be able to lower your costs.
So let’s just take your internet and cable bill as an example. So what I want you to do is pick up the phone, yes, we gotta take it old school, call your service provider, and ask if there are any promotions or discounts available. Okay, so it’s like, hey, AT&T, is there any promotions or discounts available? Sometimes by simply asking, it can lead to immediate savings.
So you can also, which is my favorite, mention that you’re considering switching to a competitor who offers a better rate, and a lot of times the company’s gonna get scared, and they’re going to provide a discount or a promotional rate to keep you as a customer. So they would rather keep you at a lower rate than have you leave, because at that point they would have $0. So you definitely wanna do that, make those calls.
Another bill you might wanna consider is your insurance. So like car insurance, home insurance, even renter’s insurance. So if you’ve been a loyal customer, ask for a loyalty discount, or if there are any other ways to lower your premium, it doesn’t even have to be a loyalty discount, it could just be because I’m about to leave if the price don’t go down, okay? This could be, they might have options where you could bundle your policies to get discounts, or just adjusting your coverage in general.
And so additionally, one last thing is you wanna shop around to basically compare rates from other companies, because after you do this whole thing of calling them and saying you’re gonna switch, you might actually really switch because you might really find another better deal somewhere else. So just try to negotiate with your current provider, but also check to see maybe there’s better rates somewhere else. And so this process may seem like a bit tedious, but the potential savings can be substantial.
So imagine freeing up more than $100 each month simply by making a few phone calls. Like we can all make a few phone calls, like anybody can do this. And so that’s money that you can redirect towards paying down your debt faster.
It’s a no brainer. So pick up the phone, make the call, and get that debt reduced. Before we get into tip number two, I have to take a second to tell y’all about something I discovered.
The catch is I discovered it after I shot this episode. So I’m going to discreetly insert this audio right here. But anyways, to the point, I just basically talk y’all’s head off about picking up the phone to negotiate your bills, but you actually do not have to do that.
There is an AI service that I’ve been using that negotiates the bills for you, meaning you don’t have to make any phone calls. You just sign up for the service, add your info, and the AI does all the negotiating on your behalf. Then they simply send you an email letting you know all the bills they were able to reduce and your new bill amounts.
Y’all, it is a game changing lifesaver. And it only takes two minutes to sign up. And then within 30 minutes to an hour, your bill savings will be in your inbox.
I’m talking 200 to $300 worth of savings without lifting a finger. I couldn’t believe it. So I definitely had to share this with you guys.
It’s so good I had to resort to doing this bootleg audio insert. And y’all know, I don’t do nothing bootleg, okay? We high value over here. But for real y’all, don’t walk or run to sign up.
It’s totally free. And so I’ll drop the link in the description. Sign up now using my link and you will thank me later.
So now back to our regularly scheduled program, tip number two. Developing a debt repayment plan through the debt avalanche method. This is one of my favorite methods.
So once you’ve reduced your expenses and freed up that extra money like we just talked about, the next step is to develop a focused debt repayment plan. So one of the most effective methods is the debt avalanche method. The debt avalanche method involves paying off your debts in order of highest interest rate to lowest interest rate.
So basically here’s how it goes. First, you wanna list all your debts. So you wanna start by listing all your debts, including your credit cards, your loans, and any other outstanding balances that you might have.
Next, to each debt, you wanna note the interest rate and the minimum monthly payment, okay? Next, you wanna prioritize these debts by interest rates. So arrange your debts in order from the highest interest to the lowest interest. The idea here is to tackle the debt that’s costing you the most at interest first.
So the highest interest, we wanna tackle that one first. And then once we know which one has the highest interest, we then want to allocate extra payments to that specific debt. So you wanna continue to make the minimum payments on all of your debts.
So do not stop paying your debts, okay? That’s not what I’m saying. But any extra money, maybe the money that you just freed up from calling those bill collectors, you wanna put that extra money towards your highest interest rate, okay? That’s why it’s very important that we figure out how we can reduce our expenses so then we can use that money to then put towards our debt. Okay? And then you want to make sure you’re implementing the snowball effect.
So this means as you pay off each debt, you take the amount that you are paying on that debt and apply it to the next debt on your list. And so this creates like a snowball effect like piling up where you gain momentum as each debt is paid off. And so the debt avalanche method is particularly effective because it minimizes the amount of interest that you pay over time, which allows you to eliminate your debt faster.
So yes, you guys, it requires discipline and persistence, but the results can be life-changing. So by sticking to this method, you can significantly reduce the time it takes to become debt-free and save a lot of money in the process. You can’t beat that, okay? So before we get into the third tip, let’s check out something from one of our partners that will help you eliminate debt quicker and it’s totally free.
So check it out. Hey, Wealth Builders, let’s talk about taking your finances to the next level. I’m excited to partner with Coachline, a leader in financial coaching services.
They’re currently offering a free training, Five Steps to Reach Financial Freedom, The Kingdom Way. In this training, you’ll get actionable steps to help you budget, give, optimize your savings, get out of debt, and create an investment strategy to build real wealth. There’s literally things you can do today that will set you up for the rest of your life.
Ultimately, the goal is to help you create a financial plan without the overwhelm. Don’t miss this chance to take control of your finances by learning how to manage your money wisely while doing it God’s way. You must be subscribed to Eternal Wealth to watch the free training.
So go ahead and click that subscribe button now. Visit shawntay.com forward slash freedom to learn more and watch the free training. It’s time to level up.
Welcome back. So cool. Be sure to subscribe so you can get the free training.
The thing is debt elimination is just one piece of the puzzle and you’re gonna need a holistic approach to generate real wealth. So be sure to check out the training to get the financial blueprint. It’s a literal game changer.
Like your mind will be so blown that you can’t even talk. Okay, but we’re gonna be jumping back in to tip number three which is developing sustainable money habits through a budget, okay? So if you, you can do everything that you wanna do. You can get rid of your debt, but nine times out of 10, people get back into debt because they don’t have good money habits.
So your first priority should be picking up good money habits that you can carry throughout your life so you do not end up back in debt. That’s the last thing we want. When we get out of debt, we stay out of debt, all right? And so this is gonna be the final key to eliminating debt and staying out of debt like we just said.
And it’s gonna be developing a sustainable money habits that start with creating a well-organized budget. And so don’t give me the side eye about here we go budget. No, a budget isn’t just about tracking your expenses.
It’s about intentionally directing your money to align with your financial goals, okay? So to build a budget that supports debt elimination, what I recommend is that you categorize your spending into five main categories. So one, expenses, two, giving, three, savings, four, investing, and five, debt. And so let’s break each of these down.
So expenses, this category includes all your necessary living costs such as housing, utilities, groceries, transportation, and insurance and all the other things. And so the goal is to manage these expenses carefully to avoid overspending to ensure that all your basic needs are met without excess, okay? And in the giving category, this is going to be an essential part of your financial plan, whether it’s tithing, charitable donations, or helping friends and family, whatever it is, you need to include it in your budget. And so by allocating a specific portion of your income to giving, you can continue to support causes that matter to you without compromising your debt repayment plan, okay? And also, let’s just be blessed to be a blessing, okay? The third category is going to be saving.
So building savings is crucial for financial stability. So this category should be included in your emergency fund and any other short-term savings goals, okay? So even if you’re focused on paying down debt, it’s really, really, really important to continue setting aside money for emergencies so you don’t have to rely on credit if an unexpected expense pops up, okay? The fourth category is going to be investing. So while paying off debt may be your priority, it’s also wise to think about the future.
So even if it’s just a small amount, consider allocating some of your money towards investments such as retirement accounts, okay? And so this ensures that you’re not only eliminating debt, but you’re also building wealth for the long term. If you watch the free training, then you can also see how you can use your investments and your savings to actually pay down your debt quicker, okay? So the fifth category is going to be debt. So finally, you wanna allocate a significant portion of your budget to debt repayment.
This is where the debt avalanche method comes into play. So by prioritizing debt repayment in your budget, you can systematically eliminate your debt while still covering your other financial obligations. So you actually have to plan for the amount of money you’re going to allocate towards your debt.
So your income basically needs to be broken down into those five categories, okay? With debt being one of the categories. You can’t just say, I’m gonna be contributing X amount of money to my debt, but then you have all these other expenses and things that you haven’t accounted for. So that’s why the five categories is gonna be very important.
And so to make this budget work, consider using a budgeting tool like Monarch Money. That’s one of my favorites. You can check the link in the description to get access to that.
But this tool can help you track your spending, set financial goals, and adjust your budget as needed. And so the key is consistency. Consistency, consistency, consistency.
Review your budget regularly and make adjustments as your financial situation changes. That’s what’s going to allow you to create good money habits that make sure you do not fall back into the depths of debt, okay? We wanna stay out of the depths of debt, okay? Debt is no longer of us. Debt is gone.
We are debt-free and we are declaring that today in Jesus’ name. Okay, so basically by reducing your expenses, implementing a structured debt repayment plan, and building sustainable money habits through a comprehensive budget, you can take control of your finances and eliminate debt for good, okay? And so these strategies are not just about getting out of debt. They’re about creating a strong financial foundation that will support you for the rest of your life.
Stay committed to the process and remember that every small step brings you closer to financial freedom. So we talked about a lot. So let’s run it back.
Let’s do a quick recap. So we started with our guest who wanted to eliminate debt, okay? And then we tied that into the story of Nehemiah who’s addressing the oppression of the poor in Nehemiah chapter five, verses one through 13 that shows us that we can be redeemed from debt when we stick up for each other. And then we connected it all together with three tips to help you eliminate debt.
Tip number one, reducing expenses through negotiating bills. Tip number two, developing a debt repayment plan through the debt avalanche method, paying the highest interest first. And tip three, developing sustainable money habits through a budget by categorizing your income into five expense buckets, okay? So for those of you who stick around, I’m so glad that you’re still with us.
Go ahead and give this episode a like and hit that share button. Share this with someone. Remember, we talked about this, getting out of debt requires a community and someone you know needs to see this video to help them get out of debt.
So hit that share button. And so as promised, we’re staying till the end. Your action for the week is to create a debt elimination plan, but I got you covered, okay? So I’ve actually created a spreadsheet, can’t even talk today, that will help you track and eliminate your debt.
So you’re gonna wanna download it right now just by going to the link in the description. And so I can make sure that you’re committed to this, I wanna make sure you’re gonna complete this weekly action, okay? I wanna make sure you’re gonna download the debt elimination tracker. Put, if you’re gonna do it, put I am debt free in the comments, okay? We are declaring today, I am debt free.
Put it in the comments, speaking into existence, and I will be sure to pray over each of you so that you can really, truly become debt free because we know prayer works. Speaking of prayer, I would love to pray for you before we close. So let us begin.
I don’t know why I be changing my accents, but anyway, you know, our God is very humorous. So you know, you can just talk to God the same way I’m talking to you, the same way you talk to your friends. Like, that’s what I do.
So like, this is a tangent, but if you ever like are struggling with like, I don’t know how to pray, literally just think of God as your BFF and talk to him regularly. So that’s what we’re gonna do right now. So Lord, what’s up? All right, dear heavenly father, what’s up, what’s up, what’s up? Thank you for today.
Thank you for my listeners. Thank you, just thank you. I am so grateful for today.
I am in like such a good mood. I am so happy because getting rid of debt is just something that I believe every one of us should be able to experience. So I pray that you allow each one of my listeners to erase debt once and for all, Lord.
We bind and rebuke debt from our lives that debt just, it just, it melts away from our lives, Lord. That there’s no remnants of debt in our lives. That we are free from the shackles of debt.
It no longer has a bondage over our mind. It has no longer a bondage over our thoughts. It has no longer a bondage over our families.
And it no longer has a bondage over what we wanna do in our life, Lord. We are free from debt. So we can actually move in our purpose and do the things that you’ve called us to do.
And ultimately be able to just be free and live a glorious, joyful life, Lord. So we can glorify you and exalt you in everything that we do, Lord. So I pray that our listeners are able to implement these debt strategies today, Lord.
And that they are free from debt. Those goals that they set, Lord. We ask that you meet those goals in your name, Lord.
That those goals come to fruition. And that they hit those dates, Lord. We know that you can do everything for us.
And we can do all things through Christ who gives us strength. So we pray that you help us get the energy, the skills, the things necessary to eliminate this debt. And that it just brings us so much peace, Lord.
I pray for peace over each one of my listeners. And that they just have peace and comfort over their situation. And that you redeem all of us when it comes to our debt.
We give you all the glory. We give you all the honor. And it is in your mighty name.
Amen, amen, amen. And so I never want to end the episode without giving you the opportunity to enter into a relationship with God. So you might got a lot going on.
Maybe you’re not where you want to be financially, in your life, in your relationships. It doesn’t even have anything to do with money. Maybe you just need to reset and rededicate your life to Christ.
Or if you’ve never done that before, maybe this is your first time. And you’re like, I want to turn my life around. Like, I know God has great things for me.
And I want to allow him the opportunity to do his works in me. So if that’s you and you want to enter into a relationship with God and spend eternity with him in heaven, then all you have to do is repeat this simple prayer and repeat after me. So here we go.
It’s just, Jesus, I accept you as my Lord and Savior. And that’s it. If you prayed that prayer, congratulations, congratulations, congratulations.
I’m so pumped for you. That everyone in the kingdom of heaven is jumping for joy because you just made the best decision of your entire life. And we want to celebrate you.
So be sure to go to the link in the description to get a special gift to help you on your faith journey. This is so exciting and I’m so proud of you. So let’s give it up for all of those who just gave their life to Christ, congratulations.
And so if you enjoyed this episode, be sure to subscribe, like, and share. And thank you so much for joining me. Until next time, peace, love, and eternal wealth.
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