NBC’s Today Show – Getting Out of a Sticky Credit Card Situation

Did you know the average American family has about $16,000 in credit card debt; this translates to a lot of money wasted on interest payments. In my NBC’s TODAY show segment,  I teach you my simple trick to RACK IT, STACK IT, and HACK IT to help you pay off those balances—saving you time AND money. The beauty of this system is you can do it on a piece of paper, OR you can go over to www.finishrich.com/dolp and use my DOLP™ Calculator to help you prioritize your debt!

My system will allow you to establish the most effective and efficient order in which you should pay down your various cards. The DOLP™ system works by identifying the card you can pay off most quickly and then having you pay it off first. The point of doing this is to reduce the number of different cards you owe money on as fast as possible.

In this segment I also discuss what your options are  and where to go if you have good credit and want to pay 0% interest on your credit cards—starting today!

So, watch the segment above and then ask yourself if you have a strategy to pay your credit card debt off that will save you time and money? If you don’t, then my DOLP method could be the solution for you!  

Live Rich,

David Bach

 

 

2 thoughts on “NBC’s Today Show – Getting Out of a Sticky Credit Card Situation

  1. I don’t see that it will work. If you are retired, fixed income, and work part time, pay rent, etc. I still can’t see how to get it done. I printed off the dolp sheet, and will try. But what if you are behind on a bill, how do you play catch up? Thank you.

  2. I have 3 credit cards at 0%, until
    they are paid off. Then one card at 9.9%, one at 3.5%, and one at 10%.
    Should I pay more off to the 0% cards or more to the 3.5%? I think I know the answer… 3.5%?
    Thanks Steve