She Means Profit

Create a Plan to Get Out of Credit Card Debt

September 12, 2022 Melissa Houston Episode 113
She Means Profit
Create a Plan to Get Out of Credit Card Debt
Show Notes

“Carrying debt erodes your wealth because you have to pay to borrow money… When you do borrow money, you HAVE to have a plan to pay it back.”

—  Melissa Houston

This is an episode that the credit card companies DON’T want you to hear!

Whether it’s personal or professional, debt can be an enormous source of stress… and it can also be a source of shame, fear, or guilt. Credit card debt is one of the most common types of debt. According to, the average card holder in Q1 2022 is carrying $5,769 in credit card debt — and for many, that amount can be a real hardship!

Today’s episode is all about getting out of credit card debt and into financial freedom through creating and following a debt repayment plan.

From minimum payments to compound interest rates to third-party debt, I dig into the secrets and strategies that will help you to avoid and get out of debt, so that you can keep growing and protecting your wealth!

In‌ ‌this‌ ‌episode,‌ ‌you’ll discover:‌ ‌

  • Why your credit card company’s “minimum payments” are a scam — and how to keep them from eroding your wealth 
  • Hidden fees and interest that you may be involuntarily paying (and how to avoid them)
  • What you can do to reduce your total loan cost, so that you can pay it off more quickly 


Highlights:‌ ‌

00:49  Intro

01:58  What are your business questions?

03:06  Interest rates

06:22  Third-party debt

08:34  Reducing your total loan cost

10:12  Refinance your debt

11:27  Accelerate your payments

12:29  Pay off higher-interest debt

13:26  Make extra money

14:19  Stop using credit cards

15:29  Debt Repayment Mini-Course


Links:‌ ‌

Debt Repayment Calculator

Link to calendar (free 30 min consult call) 

Main website 🡪

Offers 🡪

Cash Confident Course 🡪

What’s Your Profit Personality? (quiz) 🡪

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