This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "How To ACTUALLY Get Out Of Debt" created on December 13, 2025. It features a discussion among multiple speakers about strategies for achieving financial freedom, including setting goals, budgeting, and income strategies.
Chapters
What is the exact.
Process you would take from going from broken in debt to creating a financially free life?
Very first things I'm stepping back and before I even look at my debt, I'm talking. Okay, where do I want to be.
Within the next 12 months?
After 12 months.
Next three years, five years, I want.
To be in California, living in my dream home, debt free. Whatever that vision is. I'm writing down the why? Why do I want the home? I don't want the home just because it's nice sitting on the beach. I want the home probably because you know what, man? Growing up me and my siblings had.
To share a room.
I'm getting a deep enough why that when it gets hard, when I feel like giving up, it's going to make me cry and make me push through. That's number two, day number three, I'm pulling credit card, I'm pulling the last three months of my bank statements and I'm getting on a very detailed budget. I'm going to list out all the debt, I'm going to list out all of my monthly expenses. Then I'm going to take that information and I'm going to put it on this budget.
And here's the truth. If we're going to be honest, it is going to frustrate you because what's going to happen is you're going to see you have more debt than you have income.
That's going to be my number four.
Once I see that I have all this debt, I'm going to measure, okay, what is the income strategy that I need to come up with that is going to create market to help me pay off my debt and I tell everyone that's going to be a job.
