Adventure Capital: How to pay off debt

How I paid off $40,000 in debt (in less than 2 years), landed a dream job, and traveled the world.
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Instructed by Ayman Abdullah Business / Finance
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  • Lectures 14
  • Length 1 hour
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 11/2015 English

Course Description

This course will help anyone pay off their debt, budget their paycheck, and increase their income, I have helped 1,000s of students pay off their debt and want to teach you how to do the same.

Upon completion you will:

  1. Have a clear plan to be debt free in less than 36 months
  2. Learn how to substantially increase your income in 24 months
  3. Learn how to travel the world for free using credit card points

Just check out what Bryant had to say:

"Since working with Ayman, I've paid off more than $6,000+ in credit card and student loan debt. If I keep following his process, I'll be 100% debt free and celebrating in Cabo by this December!"

What are the requirements?

  • How to use google spreadsheets

What am I going to get from this course?

  • Pay off your debt
  • Create a budget in 5 minutes
  • Double their income

What is the target audience?

  • Anyone with an income that wants to pay off their debt

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Start Here
02:48

Hey!


Welcome to the course!


I'm so glad you're here! I know, I know… Personal Finance? Yikes!


Don't worry - Adventure Capital makes it easy.


Your head is probably spinning thinking about debt, investments, budgets, loans.


Baby steps.


By the time you're done with this course, your personal finances will be super organized.


I kept this course very conversational so it felt like a skype call between you and I. I left it all the uhhs, uhms, and mistakes so you can see how I troubleshoot live.


This course is best taken once in it's entirety and then you can return to sections you'd like to review.


Additionally, this course is a living breathing document. I will be updating sections and adding content constantly (just added some new sections last week).


If you have any questions throughout the course, feel free to email me personally at aalab003@gmail.com


Thanks and enjoy! :-)

Section 2: How healthy are your finances?
00:50

If you already know your credit score and have optimized your bank accounts - just skip this module.

If you don't (or need a refresher) proceed as usual :-)

Consider this a pre-departure checklist before we get started on our journey.


Years ago a friend confessed to me that he was struggling with his personal finances. He was living paycheck to paycheck, $80,000+ in debt, and was stressed constantly about his finances.


Even worse, he was a finance major, and worked as a controller in a large business. He was doing great at his job managing millions of dollars , yet it when it came to his personal finances, he didn't bring that same rigor.


Why?


The problem isn't knowledge. People always say "I wish I learned this in high school or college".


That wouldn't have made a difference.


In fact, most people want to look good naked as much as they want to financially independent.


How many friends do you know have six packs?


We all know we need to exercise more and eat less how many actually do it?


I'm reminded of this story from the book "The Culture Club" (bold emphasis is mine)


“Years ago, Tufts University invited me to lecture during a symposium on obesity…


Lecturer after lecturer offered solutions for America's obesity problem, all of which revolved around education. Americans would be thinner if only they knew about good nutrition and the benefits of exercise, they told us. Slimming down the entire country was possible through an aggressive public awareness campaign…


When it was my turn to speak, I couldn't help beginning with an observation. “I think it is fascinating that the other speakers today have suggested that education is the answer to our country's obesity problem," I said. I slowly gestured around the room. “If education is the answer, then why hasn't it helped more of you?"


There were audible gasps in the auditorium when I said this, quite a few snickers, and five times as many sneers. Unsurprisingly, Tufts never invited me to lecture again.'"


–Clotaire Rapaille

The Culture Code


The solution then is not knowledge, but rather systems that make it easy to stay consistent .


If I could give you a six pack in 5 minutes a week, would you do it?


HELL YEAH YOU WOULD! Well I can't (sorry).


I CAN however make you rich in 5 minutes a week by following this system.


5 minutes a week and you will be ahead of 99% of your peers.


Debt free in months rather than decades.


Six figure net worth in your 20s


Work because you want to, not because you have to.


So let's get started!

02:58

There are three sites I recommend you sign up for in this lecture.

The most important is creditkarma.com (which I walk through in the video above). I'm not affiliated with them in anyway, I just think it's the simplest, cheapest, and best way to get a quick view of your financial health.

Credit Karma will give you a snapshot of your credit report, your credit score, and your credit history.

Check it for accuracy and enter your information in the Adventure Capital Financial Snapshot spreadsheet in the next lecture.

Bonus Homework:

Receeve your free credit report from www.annualcreditreport.com (not to be confused with the private company with a similar name and catchy jingle). This is a government backed website that gives you one free credit report per year (credit scores will cost you $15 one-time fee).

Additionally, sign up for www.mint.com and enter all of your account information. Mint is a passive way to track your spending and see historical trends of your financial history.

02:02

Access the Adventure Capital Financial Snapshot below and fill it out.

Don't worry about being 100% accurate as even directional guidance will be useful.

1. In the first column, enter your current assets (any items you own that have value - your car, house, savings accounts, stocks, etc.).

2. Next, list out your debts (any place you owe money - your student loans, credit cards, that bet you lost to grandpa, etc.). This should match the open accounts you have listed on your credit report we pulled from CreditKarma.com (previous lecture).

3. After that, your Net Worth will be auto-calculated. This is a simple calculation of assets - debts. Because your debts are likely higher than your assets, this number is likely negative. Don't worry, we'll get you to a positive number soon :-)

4. The fourth step is entering your Credit Score from the previous lecture. Just pick any number from either reporting agency (Equifax or Transunion). Mark which agency you use so you can stay consistent when you update this next time.

5. Lastly, enter your Current Income. This is your current gross (pre-tax) income. (what you tell people you make, not what actually hits your checking account).

We'll be updating this every month so put a calendar reminder on the 1st of every month to duplicate the snapshot tab, update the month, and update these numbers.

A quick note about bank accounts
Article
Homework Assignments:
3 questions
Section 3: A smarter way to budget
02:48

"Most of us fall into one of two camps as regards our money: We either ignore it and feel guilty, or we obsess over financial details by arguing interest rates and geopolitical risks without taking action. Both options yield the same results—none."


On my journey to financial independence I tried dozens of financial systems. Most were way too advanced and required hours from you to set up properly and maintain.


On the other end of the spectrum was systems that were very simple but way too restrictive. You had to budget every dollar and if a friend visited from out of town, you either blew them off or blew your budget - neither was a healthy choice.


And so you either followed the budget above with militant discipline, or the more likely scenario is you would blow your budget and stop tracking it leading to going deeper into financial despair.


Unfortunately I could never find a system that a normal person could follow - so I made one.


After years of tweaking and perfecting this system is the perfect balance to track your finances but also live your life.


In fact, I personally paid off $40,000+ in debt in less than two years while traveling the world.


The Adventure Capital system focuses on Big Wins so you can get back to living your life.


It works because it's simple:


There are only three questions you need to achieve your financial goals:

1. How much cash do I have?

2. What does this cash need to do?

3. How much progress can I make?


And everything that's left over is your adventure fund.


A good breakdown is 50% needs, 25% goals, and 25% fun.

How to use the Adventure Capital budget (and link to the spreadsheet)
02:29
02:35

Use the snowball method to pay off debt FAST!

00:59

If you haven't downloaded your net worth tracker yet, be sure to do so in the added resources sections:

Congrats! You're on your way to financial freedom!
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Section 4: Bonus Sections:
How to make extra side (passive) income to pay off your debt faster!
Article
Article

My clients have used this exact template to land 6 figure develop jobs, med school scholarships, and law school entry.


It works because it's easy to scan, highlights your strengths, and looks fucking classy as shit.


As someone who has been on both sides of the hiring table, I can say with almost certainty that your resume is bad and you should feel bad.


Too many people include shitty job descriptions, poor formatting, and never tailor it to the job posting they are applying for. I was actually listening to NPR the other day and was listening to a guy who applied for 476 jobs without a response. Isn't that the definition of insanity? If you're using the shotgun approach to applying for a job, please stop.


Use these techniques to land multiple 6 figure job offers and be highly sought after:


1.) Get 6 Figure Skills


First things first. You need 6 figure skills. Computer programming, Excel, Project Management, Finance, Medicine. Design. There are a ton of fields that have 6 figure skills, you probably have them within you. If not, these skills can be learned online. Don't let a lack of degree hold you back. Hone them and add them to your repertoire.


2.) Make Your Resume Easy To Scan


My resume is highly scannable. Recruiters and hiring managers have complemented me on how easy my resume is to read. This was intentional and purposeful. I used my design background to lead the readers eyes to the exact phrases I want to pop out. You should be doing the same using horizontal lines between sections, capitalized and uniquely formatted headers, and a large clear name.


3.) Tailor the resume to the job posting.


If the job is asking for someone with strong Excel skills and you simply mention you "know" Excel - I'm tossing your resume. Everyone thinks they know Excel until you ask them to flip a pivot table or run a macro. If I mention software, skills, or experience required in the resume, you damn well better write at least one bullet point addressing that skill. Resume #1 lists "Excel" as a known piece of software. Resume #2 says you "Pioneered the implementation of PowerView analytics resulting in $2m in increased revenue." Who do you think is going to get an interview?


4.) Put a face to the resume.


If you're sitting at home on a job posting site blasting your resume and no one is responding, you need to change your approach. Pick 3 jobs over the next two weeks and put in extra effort to get facetime with the hiring manager. You're smart - it's why you're in this class instead of goofing off on FaceBook.

Use that intelligence to investigate the hiring manager. Are they on linkedin? Probably. Message them there and schedule a quick call. Are they going to professional happy hours? Industry events? Local conferences? Get in front of their face and introduce yourself. When you're in front of them, use the WARD technique for small talk:


Work: ask where they work. What do they do? What does their team do?

Area: What area do they live? Are they born and raised there? Where is their family from. People love to talk about their history.

Relationships: Do you have any family in the area? This is how you find out about kids and spouses without being weird. Get someone to talk about their work, they might remember you. Ask someone about their kids and they'll remember you forever.

Dreams: Where do you see yourself in 5 years? In the same company or city? Talk to me.

This can easily segue into the job posting - either by casually bringing it up or letting them bring it up when you say you've been looking for a position in the field. What do you think will happen when they receive your resume? Probably give it a lot more love than if it was one of thousands they received via their online HR portal.

There are a ton more resume techniques but this is my 80/20 for landing your dream job. I've successfully used it multiple times and even consulted my friends who are currently fielding multiple 6 figure offers with tuition assistance to go back to school.

You deserve a 6 figure job, you just haven't found it yet.

Enjoy :-)

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Instructor Biography

Ayman Abdullah, ​I paid off $40,000 of debt (in less than two years) while t

I paid off $40,000 of debt (in less than two years) while traveling the world. Now I teach others how to do the same.

Here's what Bryant had to say:

"Since working with Ayman, I've paid off more than $6,000+ in credit card and student loan debt. If I keep following his process, I'll be 100% debt free and celebrating in Cabo by this December!"

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