The #1 Trick to Get Out of Debt

It’s Powerful yet Simple

Nadav Reis
3 min readSep 16, 2022
This is a picture of a utility bill. It says “What do I owe?” and has a large amount in big read numbers.
Bills Due! Image by Videvo

This is Mark. He had a bunch of debts and was having trouble paying them off. Then he made one small change, and that trick allowed him to pay his debts off faster than ever before.

This is Mark. Photo by author.

What was the trick he used? Let’s hear it from Mark himself…

MARK:

“Hi, I’m Mark. I make good money as a manager at a tech company. Even though I make over $100k a year, I had such a hard time getting out of debt, until I did this one trick that I am going to show you now.

“Every month, my expenses looked kind of like this:

Mark’s monthly expenses, image by author

“I had about $15k worth of credit card debt, and about $25k worth of student loans. My rent is expensive, but that allows me to live in this city where I can make this salary.

“I felt like my debts were just stuck and not moving. That is until I made one change.

“I realized that I was only paying my debts with whatever money I had left over…

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Nadav Reis

Nadav is the Financially Savvy Parent. He empowers individuals and parents young & old to have a healthy relationship with money. Head of Content.