Refinancing, Balance Transfers & HELOCs: When to Use Them
How to Get Out of Debt the Smart Way (Strategies That Actually Work)
Now that you understand how debt really works, it’s time to talk about strategy.
In this video, I break down the smart, practical ways to pay off debt without wrecking your cash flow or making risky decisions that create new problems later.
This is Part 2 of a two-part series.
If you haven’t watched Part 1: How Debt Really Works, I recommend starting there first to understand the foundation.
🔑 What You’ll Learn in This Video
✔ Debt snowball vs debt avalanche — and how to choose
✔ When refinancing makes sense (and when it doesn’t)
✔ How to restructure debt responsibly
✔ Balance transfer cards — pros, cons, and rules
✔ Using a HELOC or line of credit safely
✔ Why velocity banking isn’t magic
✔ How to build a sustainable debt payoff plan
✔ How to put all of this into a simple, repeatable system
This approach focuses on cash flow, discipline, and long-term stability, not shortcuts or extreme tactics.
⏮️ Watch Part 1 First
👉 Part 1: How Debt Really Works (And Why Most Payoff Advice Fails)
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This content is for educational purposes only and does not constitute financial, tax, or legal advice. It is not a recommendation to buy or sell any specific security. The views expressed are those of School of Personal Finance and are subject to change without notice. Past performance is not indicative of future results. All investments involve risk, including the loss of principal.
