Dear Fearless Friend,

I WANT TO HELP YOU GET RICH AND OUT OF DEBT! Follow these simple steps I’ve taken to reduce your debt and start saving.

If I knew now what I knew then, I’d be richer.

Want to sponsor Stay Fearless or Die Trying and reach 1000s of fearless fans? Collaborate with me here.

Story time.

Back in 2016 when I was underage and living my best broke life in Boston, I didn’t know how truly credit cards were. Unless you’re using credits cards like an adult (redeeming points and not accruing interest) you should be aware of the reality of debt. Getting out of debt is so much harder than getting in it.

By the time I turned 20 and was living in LA filming Fearless Everyday on Radio Disney, I was $20k plus in debt. Between Delta Airlines, American Airlines, and Paypal credit my I was swimming in debt and still struggling to pay my bills. I remember walking down the street to get a Blue Bottle oat milk latte in Venice and thinking to myself, wtf ever happened to that Paypal credit account?

Being an entrepreneur is so fun!

How’d I get out of debt? Let’s see…

• If you have credit card interest and you’re not asking your credit card to remove the interest as a one time courtesy, you’re wasting so much money. My Apple card accrued $5.60 of interest last month and I messaged them on Apple and said just this. As a one time courtesy, will you waive the interest for this month? Of course they did, because I’m fearless!

• Whichever of your credit cards has the highest interest and most amount of money on it, move that debt to a no interest credit card. You may have to apply for two credit cards if your outstanding balance on one is too high BUT you’ll have 18 months to start paying off debt without any interest.

• The only time I’ll allow you to white lie is when it comes to credit card debt. Credit cards don’t want to lose you as a customer but if you’re filing for bankruptcy…they will. Set an hour of time aside next week to call up your credit cards and say you’re about to file for bankruptcy and want to know what they can do to help decrease your interest rate.

• It's important to know that credit card companies will always say no when you ask for anything so you must then ask to speak to a manager.

This rendition of Stay Fearless or Die Trying is sponsored by Guidde.

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Want advice on how to handle your mental health while you’re building a business? I spoke with Brandon Ward about being fearless and why I started discussing social media and mental health on his podcast. You can’t run a company successfully if you aren’t cautious about your wellbeing. That should ALWAYS come first.

Stay fearless or die trying,

Alexa

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