The 3-step get-out-of-debt plan that works!!!
- kellygandpt
- Jun 11
- 5 min read
It's June, 2025. Thankfully, you're still working full time, but you're drowning in debt. Every month feels like a losing battle: paycheck in, bills out. No savings. No investments. Just stress. Tariffs, trade wars, the economy, and layoffs. You avoid looking at your credit card statements and tell yourself, “I’ll figure it out eventually.” But eventually never comes. One night, staring at your balance while trying to keep fear and frustration in check, you realized something has to change. You don’t need a miracle—you need a plan.

If this feels like your story, know this: You’re not alone. More importantly, you can change everything—starting today. You don’t need perfection; you need a system. As James Clear writes in his book "Atomic Habits" https://amzn.to/3Z6kH1v "goals are good for setting a direction, but systems are best for making progress." You need a way out that’s clear, simple, and doable. That’s what this is.
Inflation is still very high. Interest rates are fluctuating. The cost of living isn’t going down, and the stock market—despite short-term volatility—is showing strong long-term trends. What does this all mean for you? It means you must stop letting debt devour your dollars and start putting your money where it can grow.
The longer you wait, the harder it gets. But the second you shift from reaction to action, you gain momentum. That’s power. That’s freedom.

KellyG and I are not licensed financial advisors. The information shared here in this blog, on our social media platforms and our website, www.pkentertainmentventures.com is based on personal experiences, entertainment, and educational purposes. It is what has worked well for us and others. Always consult with a certified financial professional and/or a trusted advisor or accountability partner, before making financial decisions. Especially, if you’re uncertain you can confidently progress forward alone.
The 3-STEP GET-OUT-OF-DEBT PLAN THAT WORKS!!
This is the same framework we’ve used and shared with many others who started very late. It’s not fancy or flashy —but it’s extremely effective. It’s not overnight—but it’s definitely life-changing.
Step 1: Know Your Numbers (Face The Honest Truth)
Start with total awareness.
LIST EVERY DEBT—all credit cards, personal loans, car payments, medical bills, student loans, money you owe a friend or relative….EVERY DEBT! Write down:
The total balance
The interest rate
The minimum payment
Remember: You can’t change what you don’t track. Once it’s in front of you, you’ve taken the first—and hardest—step. No more guessing. No more hiding.
Step 2: Pick a Payoff Strategy
Now choose your method:
DEBT SNOWBALL: Pay off the smallest balances first. Build momentum. Gain confidence.
DEBT AVALANCHE: Pay off the highest interest rate debts first. Save more in the long run.
HYBRID: Start with a small win, then shift to high-interest rate debts.
Whichever you choose—COMMIT. Automate payments. Cut frivolous spending, unnecessary expenses temporarily. Find hidden cash (subscriptions, dining out, etc.) and redirect it toward your goal(s).
Step 3: Destroy Then Build
Once you have momentum, you must start investing—even if it’s just $25/month. Why? Because this is where the real transformation happens. Debt Free and Financial Independence, isn’t just about getting back to zero. It’s about learning, discipline, building, wealth that grows (ie: interest, dividends, compounding, etc.), while you sleep.
We started a small emergency fund as well, we put $1000.00 in a high yield savigs account at Ally, just in case life happened. Doing enabled us to take care of any unexpected issue and stay on track.
The link below will help you get started (we will get credit if you use this link)

Where to Start Investing -
Here are three trusted Brokerage Firms, with low-cost options for beginners—even late starters:
Fidelity: www.fidelity.com.

Great for beginners
Offers zero-fee index funds (like FZROX)
Tools to automate investing
Excellent for Roth IRAs and long-term wealth growth
Vanguard: www.vanguard.com
Home to the legendary VTSAX and low-cost index funds
Strong track record for retirement accounts
Ideal for passive, set-it-and-forget-it investors
Charles Schwab: www.schwab.com
Offers fractional shares, so you can invest with any amount
Robo-advisors for hands-off investing
Personalized planning options for those needing guidance
Investing now is more important than ever! Even if the market feels very unpredictable. Waiting for "the perfect time" to invest is the biggest mistake some people make. The United States economy, is in a recovery phase. The S&P 500, has shown solid gains of growth, over the long term, despite the volatility and/or job losses in the country, we are experiencing or seeing right now.
As inflation begins to ease and rate hikes slow down, long-term investments are beginning to “outperform feelings” or “emotional short-term panic.” Yes, you caught that! Interest rates have not come down yet, BUT you can't wait until they do like everyone else acting on feelings and emotions. Money is a necessary tool, and it has neither.
By starting now, you buy in before things get more expensive. You give “your dollars” time to compound, which is your best friend when starting late.
You Have to Be Debt-Free to Be Wealthy
That’s the biggest lie out there. You can do both. You must do both. Because when you start investing, your mindset shifts. You stop seeing yourself as someone “trying to catch up” and start seeing yourself as a wealth builder.
Final Thought: You Are the Plan
You don’t need perfect credit, a six-figure income, or financial degrees. You need belief, a system, and action. Debt is not your identity. Wealth is still your reality—if you choose it.
Are you ready to take your next step?
Let’s build your plan together. Your future self is already thanking you.
Message us “PLAN” today to get your personalized debt-to-wealth strategy. #DebtFreeJourney #WealthAfter40 #StartLateStillWin
5 Must-Read Financial Literacy Books for Late Starters
If you're over 40 and just now learning about wealth-building and getting out of debt—you're in the right place. These books will guide, motivate, and empower you without overwhelming you with jargon or complex strategies.
As an Amazon Associate, we earn from qualifying purchases. Thank you for supporting our mission of helping you achieve Total Optimal Wellness!
The Total Money Makeover by Dave Ramsey - https://amzn.to/4jUFNbz
A simple, no-excuses guide to crushing debt and building wealth—perfect for beginners who want clear steps and real-life examples.
Your Money or Your Life by Vicki Robin & Joe Dominguez -
https://amzn.to/4dqz0UU Helps shift your mindset around money and time. Great for understanding the “why” behind your financial transformation.
I Will Teach You to Be Rich by Ramit Sethi - https://amzn.to/4kr1MXM
A modern, practical take on budgeting, investing, and automation. Straightforward, with humor and tons of real-life application.
The Simple Path to Wealth by JL Collins https://amzn.to/3GYpj3N
A powerful beginner’s guide to investing and achieving financial independence using index funds. Written like a letter from a wise friend.
Smart Women Finish Rich by David Bach. https://amzn.to/4dlIpNo
Don’t let the title fool you—it’s for anyone who wants to build wealth late in life with easy-to-follow principles. Includes values-based planning.
No matter where you’re starting from, remember: your past does not define your future. Every step you take today—no matter how small—moves you closer to the life and freedom you deserve. You have the power to rewrite your financial story, build lasting wealth, and become the hero of your own journey. Believe in yourself, trust the process, and know that your best days are still ahead. Let’s rise, rebuild, and thrive—together.
