I want to share a couple of stories, and if you are in credit card debt and you are finding it very hard to cope with what’s going on financially and in the economy right now, you need to actually not worry because I’m going to show you easy ways to get out of this hole. I’ve personally been in it a long time ago when I was young, and I stepped out of it. There are easy steps to take.

It says here, borrowers, especially the young, are struggling with credit card debt, potentially being a bad sign for the economy. This is out of the AP news. It says consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending. The share of credit card debt that’s more than 90 days overdue rose to 10.7 percent during the first quarter, a 14-year high according to the Federal Reserve Bank of New York’s report on first quarter household debt. That number is spiking quite drastically, but the good thing is I’m going to show you a way in this video, and I want to put your fears at ease. I’m not joking. You’re going to get out of this debt, and then you are going to be taking advantage of the greatest financial crash in history. You are no longer going to be like what happened in the past or in the Great Recession where people missed out on the amazing deals because they were late payers.

Check this out: it says here, a year ago severe delinquencies totaled 8.2% of credit card debt. The first quarter jump in severe delinquencies going up to over 10.5% was the biggest since 2011. Think about back in 2011; we were still reeling in the Great Recession. The reason why the Great Recession even happened, and why homes were super cheap and cars were super cheap, was because no one could afford to go down to a car lot or a mortgage house and apply for a loan because they had missed payments a year or two prior to that or they had slow paid.

My calling is to get you out of that rut, have your head held high, and be ready for this. We’re going to talk about balance transfers now. Another story that I just recognized right here, as a matter of fact, type one if you’ve been in credit card debt and you’ve got out. Type two if you are in credit card debt and you want to get out. Then I want you to go through the comments, and those of you that are out of credit card debt because we’ve all experienced this. If anyone is going to sit there and be cocky in the comment section saying, “I’ve never had debt,” you just go somewhere else. This isn’t for you. We’re going to wake the nation up and help people get out of debt.

This is out of Fox 59. It says nearly 40 percent of Americans paid a late fee in the past 12 months. It says consumers are struggling to pay their bills on time and many are leaning on credit cards to make ends meet. A new NerdWallet survey found 37 percent of Americans had been charged a late fee on their bills over the past 12 months. Among those with minor children, that number jumped to 61 percent. When I tell you this idea, I’ve actually done one video before ever on this channel about this, and I had friends of mine call me and say, “I knew this was possible, but I never actually went and did it. I did it, and I’m out of debt.” Because it’s going to pay our credit card off so fast, it’s insane.

Late fees on credit cards were the most common with 21 percent of respondents incurring at least one penalty over the last year, followed by utility bills which made up 10 percent and rent which made up 8 percent. When you miss a payment and you have to pay a late fee, it also dings your credit and takes you out of the running for what is going to be the greatest financial collapse in our country’s history in the last 100 years. I want you to be a part of it, but in order to be a part of it, you have to get out of credit card debt, and you have to live like no one today. Set aside all the Instagram beautiful people that live their lives so amazing but probably cry themselves to sleep. Live like no one today so that you can live like none of them tomorrow. I promise this.

It says here, “Nowadays, consumers are relying on credit to cover basic necessities at the supermarket, where prices are up 25% since the pandemic.” So let’s talk about this. This is not a sponsored video. I’m going to talk about a credit card company that the Motley Fool is talking about. If you click on their link, go to their website. This is how the world works. They get paid for you clicking on their link, but I’m going to show you this credit card. We’re going to talk about it. It’s the Citi Double Cash Card. You’re probably thinking, “We’re going to use a credit card to get you out of credit card debt?” Yes, and also, if you want, the only sponsorship here is myself. If you want to take advantage, I’ve only talked about it once in three years, my Dominate Debt course is $39. There’s a link down below. But this right here, what I’m going to tell you is going to get you out of credit card debt.

So right here, this is what Motley Fool is calling the best in class cash back card with zero percent interest APR for 18 months on balance transfers. Let’s explain. Let’s say you have ten thousand dollars in debt. If you can’t, if you’re just paying the minimum payment, that’s only interest. You never get to pay down that debt. It just goes away. The credit card company, it’s their money. When you transfer that balance, now you have to have the proper credit to go and apply for one of these loans. If you don’t have the proper credit, there are easy things that you can do right now, like changing your debt to income ratio. How would you do that? You’d pay off the lowest-priced, smallest amount loan right away.

I know it sounds crazy because there’s all these gurus out there. They tell you to pay it down, pay it down. They never show you how to actually pay it down. They say just pay it down and pay down your highest interest rate loan right away. Well, that’s actually not always the best deal. Now, I go back into this in the course more, but let me explain. When you’re talking about your debt to income ratio and the way credit card companies view you, I’m giving you this little lesson, this mini lesson in case you apply for this card for the zero balance transfer and you get turned down. So you line up, you list out all of your bills, and next to them, you list out how much you owe, what the interest rate is, and what the minimum payment is. What I want you to do is, if there’s a loan with a low interest rate but it’s just really close to being paid off, crank that down and get that paid off. Because then what happens is the computer that analyzes your financial life looks at how much you now no longer have to pay. You have one less debt that’s gone totally, and you don’t have that minimum monthly payment. They compare that payment to your income, so your debt to income ratio goes up.

Don’t listen to some of these gurus that always say highest interest rate, highest interest rate. Yes, that saves you money, but what I want to do is get you into a position to be able to qualify for this credit card, do a zero percent balance transfer, and transfer, let’s say, the whole ten thousand dollars over. Then you start paying every dollar you put down each month on this. You pay off the amount; zero of it for 18 months goes to interest. This is this bank’s way of sucking in new business, and then they’re going to hope and send you all these amazing offers to blow your money and get back into debt. Once you understand that and you say no more, I’m not going to be a part of this, then you will absolutely be richer than you’ve ever been before. I’m not joking. I am 100% living proof that this is possible.

So this card again, I’m going to read some of the stats. This is what it looks like: the Citi Double Cash Card. Just google Citi Double Cash Card. The cash part only comes into play when you’re actively spending, not on a zero percent transfer. It says here, the Citi Double Cash Card features the best perks of a cash back card and a balance transfer card in an all-in-one powerful package. Its top-notch perks include zero percent APR for balance transfers from your old credit card to this one for a whopping 18 months. When they say whopping, and the reason why I’m doing this video is because it’s a big deal, that is a long period of time. So for people with big debt, if you qualify for this balance transfer, you go do it and you attack that debt. That is zero percent; that is not a license to not make a payment for 18 months. That is a license to go out and crush it.

Now, if you are going to crush it and pay off your debt, type 10. Let’s get this algorithm fired up and help a lot of people all at once. Now, the zero percent intro APR for balance transfers lasts a whopping 18 months. That’s long enough to save $1863 in interest charges paying off $10,000 of debt. Going back to my example, if you had $10,000 in credit card debt and you’re paying the minimum payments and you can’t even attack that thing, by using this, transferring the $10,000 over to this new card with zero percent at 18 months, and you get that $10,000 paid off in that 18 months (and I honestly believe in you that you can get it paid off in less than half of that time), you will save $1800 in interest. That’s money in your pocket, money that could go buy some gold, silver, bitcoin, or go to paying off another debt. We get you completely out of debt. Remember, the debtor is slave to the lender, and I don’t want to see any of you in slavery. As a matter of fact, I want you all coming along with me during this economic crash.

To anyone else that still has credit card debt when this thing goes down and they start missing payments and they can’t go get the deal on the new car, they can’t, that’s half price because the auto dealers can’t qualify anyone for the loan, all the houses that are super cheap, I want you coming alongside of me.

Now, they talk about other things like a combined two percent cash back on purchases, but that’s not the meaning for this video. The meaning for this video is to see you get out of debt right now. I’ll tell you what, if anyone watching is completely debt-free or getting out of debt and you agree with this and you want to encourage people, I want you to throw some emojis out right now in the comment section, in the live chat section. I want you to encourage people right now because I’m going to tell you right now, you have everything it takes to get out of debt and to crush it financially. I don’t care what your dad told you about you. I don’t care what your mom said about you. I don’t care what your other family and friends said about you. I don’t care what they say. I say you’ve got the authority to do it. Maybe you just need the right coach, and if you need a course and a guideline to get out of debt, I’ll put the Dominate Debt course down below for $39. You want to know why I’m charging for it? Because if you want it bad enough and you’ve got a little bit of skin in the game, you’re going to watch it, you’re going to learn from it, and you’re going to conquer debt. Debt leads to death. They both start with a D. You know what? I’ve been there, I’ve done it, I’m on the other side, and I want to help millions of people get out of debt.

You’ve got what it takes. I hope you got something out of this. I’ll put the link to the course down below, but right there, 18 months, zero percent balance transfers. Do it. The Economic Ninja is out.