How to Pay Off $10,000 in Credit Card Debt in Less Than 1 Year

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Sep 22, 2025

Discover how credit card companies keep you trapped in high-interest debt and learn a tactical 6-step plan to pay off $10,000 in less than a year. From finding a 0% APR balance-transfer card to cutting expenses by just $875 a month, Andrew shares actionable strategies. He emphasizes the mental and financial benefits of being debt-free, enhancing your cash flow and future investments. Tune in for real solutions that bring peace of mind and reclaim your financial freedom!

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ADVICE

Build A One‑Month Emergency Fund

Save one month of living expenses before aggressively attacking credit card debt.
This emergency buffer prevents a new expense from derailing your payoff plan.

INSIGHT

High Interest Reverses Compound Interest

Credit card interest (20–25%) grows balances faster than most investments can beat.
Carrying balances turns compound interest against you and destroys long‑term wealth building.

INSIGHT

Small Balance Today Equals Huge Cost Tomorrow

Long payoff timelines multiply your cost: $10,000 at 20% over 10 years becomes ~$62k.
Tackling balances now prevents enormous interest from eroding future wealth.

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In this episode of The Personal Finance Podcast, Andrew exposes how credit card companies profit from keeping you trapped in 20-25% interest debt that can stretch a $10,000 balance into decades of payments, then reveals his tactical 6-step plan to eliminate that debt in under a year using balance transfer cards and finding just $875 monthly through expense cuts and side hustles. He breaks down why this isn't just about math but about reclaiming your peace of mind, your relationships, and hundreds of monthly dollars that can finally build wealth instead of enriching credit card executives. This episode delivers the exact roadmap to break free from the financial stress that's stealing your sleep and your future, with real strategies you can implement immediately.

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