Rich and Marcus are answering a question from a listener whose inquiring about the best strategy to pay off some debt. The listener has 3 credit cards and a car note he’s working on. In the listener’s debt payment arsenal, he has a general savings account, an emergency fund, two jobs and an Airbnb that produces cash flow. He’s looking to Rich and Marcus for some advice and the best place to start hammering down this debt.

In today’s episode, you’ll hear the guys discuss some different perspectives on getting a debt payment plan in order to put the listener in a good place to aggressively start making some smart money moves.

Show Highlights:

  • The debt snowball effect
  • Using a portion of work–related bonuses to pay off a chunk of debt
  • Holding on to your emergency fund and not using it for debt
  • The mental bliss of seeing a debt balance go down
  • Using an interest-free credit card

Key Takeaway: There are a few approaches to paying off debt that depend on your personality type and lifestyle. The important thing to remember is that you have to get a plan in place as soon as possible so that you don’t get eaten alive by interest and you can take your life back

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Gusto – offers modern, easy payroll benefits to small businesses across the country — they were even named best online payroll by PCMag. And as a listener, you’ll get three months free when you run your first payroll at

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