How to Pay Off Debt in 3-7 Years | Expert Tips From Shred Method's Adam Carroll Podcast Por arte de portada

How to Pay Off Debt in 3-7 Years | Expert Tips From Shred Method's Adam Carroll

How to Pay Off Debt in 3-7 Years | Expert Tips From Shred Method's Adam Carroll

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 Feeling stuck under a mountain of debt? You're not alone, but there's a way out that's faster than you think. In this episode of The Debt Hotline, Hannah sits down with Adam Carroll, founder of The Shred Method, to reveal how everyday people can accelerate their debt payoff and achieve financial freedom in 3-7 years.

Adam brings over 20 years of financial education experience and shares the behavior modification system that's helped countless "shredders" eliminate student loans, credit cards, and even mortgages at lightning speed. He breaks down the shocking reality that most people don't actually own their income—and how to change that.

Sued for debt? Visit https://www.solosuit.com/?utm=podcast to resolve it.

Enter Solo's In-DEBT-ENDence Day Giveaway this July for a chance to win $4,700 to help pay off your debt: www.solosuit.com/giveaway?utm=podcast

In this week's episode of The Debt Hotline, you'll learn:
  • How The Shred Method works and why traditional minimum payments keep you trapped
  • Real success story: How one couple paid off 25 years of student loan debt in just 8 months
  • The difference between "available money" and "accessible money" and why it matters
  • Should you pay off debt first or start investing? Adam's controversial take
  • How to optimize cash flow using a line of credit as a "behavior modification tool"
  • Real listener Q&A covering mortgage strategies, retirement vs. debt payoff, and more
Key insights from Adam Carroll:
  • Most people pay 83% interest, 17% principal on long-term loans—The Shred Method flips this
  • "If you do for two years what most people won't do, you can do for the rest of your life what most people can't do"
  • The goal isn't just paying off debt; it's owning 80-90% of every dollar you make
  • Interest expense is typically the second-largest expense in people's lives
  • $100K+ earners often wonder "where did the money go?" Shred fixes the leak
Hannah and Adam tackle real listener questions from people dealing with credit card debt, mortgages, student loans, and the classic dilemma of whether to cash out retirement accounts to pay off debt. They also dive into settlement strategies for those already in collections.

The bottom line: Debt doesn't have to be a life sentence. With the right system and mindset, you can break free faster than you ever thought possible and start building real wealth.

Want to learn more about The Shred Method? Visit https://www.theshredmethod.com/ to explore Adam's debt acceleration system.

Use their free savings calculator at https://www.theshredmethod.com/savingsanalysis to see how quickly you could knock out your debts, and follow them on Instagram @the.shredmethod for ongoing tips and success stories.

To submit a question to The Debt Hotline, you can:
  • Call 801-613-8181 and leave a voicemail
  • Fill out this form: https://forms.gle/28gd4XFsq6ybN4Qu8
  • Send an email to support@solosuit.com
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