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The Power of $100

In today's video we will look at four types of crippling debt: Home mortgages, auto loans, credit card balances, and student loans. We will also show how powerful the very small amount of $100 a month can go a long way to helping you get out of debt. Don't have $100 you say? Stick around, our next video will talk about ways to find it in an already strapped budget. Here is a prompt you can adapt to any of the four listed above. Just copy into ChatGPT and fill in the blanks with your details. "I have a _________. I owe _$_____ at ___% interest. My minimum payment is _$______. With these parameters, just paying the minimum payment, how long will it take to pay off this debt? What is the total amount that I will have paid at the end of the debt? How much interest will I have paid? Now assume that I will add $100 a month to the minimum payment. How long will it take to pay off the debt? What is the total I will pay? How much interest? What would be my total savings over the life of the debt with this extra payment?" oin this channel to get access to perks:    / @thenewretiredme   All Music fully licensed through Audiio.com. Find me everywhere I am on the Internet here: https://timchilders.bio.link. Want to buy me a cup of coffee to keep the creative juices flowing? You can on my Ko-Fi account here: https://ko-fi.com/timchilders