Made it this far! finally admitting I am a little stuck. (debt)

[Bryce Vaquera]

Hello everybody, so I bought a duplex 7 months ago, racked up about 15k on three different credit cards. I don't want to explain haha. 

QUESTION: Is there a way to deal with this debt more strategically?? 

• I've heard about taking one loan out and paying them all off.
• Ive heard about paying them off with another credit card to dodge interest timeline. 

So really anything will help. Currently I have to pay 1200 to Home Depot in a few days to avoid their interest. One card I am already past the date and racking interest as I write this. There is another one too. 

I am not drowning, I am able to make minimum payment on all of them and I am Okay I believe for now haha. however, I feel like I'm racing and its just so scattered. Also this is my first duplex, I intend to get it cash flowing and to buy more. Im living in one side and renting the other, I used there rent to purchase this place haha. I still can't believe I managed to get it. 

so that's about it, after years of learning and hyping myself up, I have my first one, but I am justtttt a little bit stuck. so if anyone has any advice or knowledge for me I would greatly appreciate it. 

Thank you everyone. 

[Nathan Gesner]

I'm getting the impression you don't really understand the importance of financial discipline. If you can't manage what you've got, you won't magically get better by increasing earnings. It's why so many people win the lottery or gain an inheritance and they quickly end up in debt again. You're walking a dangerous path that could lead to you losing the investment and possibly more.

Get a credit card with 0% interest on balance transfers. Move the debt there and do everything you can to pay it off as quickly as possible. If the card has a deadline for 0% interest, get another one before the deadline ends and transfer everything there. My wife had $12,000 in debt when I married her 23 years ago. We used several 0% interest cards, lived frugally, and put her entire paycheck towards the debt every month. It was paid off in 13 months and we have stayed debt-free since then.

I recommend you read "Set For Life" and get your house in order before it comes back to bite you.