There’s a new unscripted TV series that focuses on helping millennials drowning in debt overcome crippling financial struggles. Going From Broke is starting its second season on May 20th, and you can watch for free on Crackle.
Season two focuses on the impact COVID-19 has had and the heightened financial turmoil it’s caused. It’s hosted by Dan Rosensweig, CEO of Chegg and financial expert Tonya Rapley who empower and inspire six people to take control of their finances.
Tonya Rapley is an internationally recognized speaker, financial educator, best-selling author, and serial entrepreneur based in Atlanta. She is the founder of the award-winning site, My Fab Finance, where her mission is to help people make financial decisions they are proud of so that they can create lives they love.
Tonya Rapley
Crackle
The series is executive produced by Ashton Kutcher and Chicken Soup for the Soul Entertainment and will premiere for free on Crackle Thursday, May 20th.
In Going From Broke, Dan Rosensweig and Tonya Rapley help debtors overcome crippling financial struggles to become CEOs of their own lives. Rosensweig commits his company to fulfill the mission of putting students first by helping them save time and be smarter with both their education as well as their finances.
Highly sought-after entrepreneur and financial consultant Rapley created the award-winning site My Fab Finance in 2013, catapulting her to the forefront as a nationally recognized millennial money expert. Rapley was recently named the “New Face of Wealth Building” by Black Enterprise magazine and selected as a modern History Maker by TV One.
In a groundbreaking experiment, during the six-week remote production of Season 2, Crackle will bring viewers inside the cast’s transformation process by airing footage in real-time while engaging viewers across social media to have important conversations about the relatable and timely issues around debt. The “real-time” segments began airing on Crackle and social media beginning April 8th until the season premiere on May 20th.
Tonya, being the millennial money expert, shares these top tips for those who are struggling with debt and need to know how to get out of it:
1. Make more money
Tonya advises people to get a second or even a third job that pays the best wage that you can find and hustle until you pay off that debt. The time value of money is essential and that means that the earlier you pay off your debt, the less money you will be paying on interest expense. It’s considered short term pain for long term gain.
2. Get clear on your strategy
Once you have committed to paying down that debt, get clear on your plan and how much money you will be putting on your debt and how long it will take you to be debt free. This holds you accountable and ensures that you take action on paying off the debt. Find ways to stay motivated because some days will be harder to stay on track. Be very familiar with your “why” and persevere at paying off that debt.
3. Hire an expert
Often people hesitate to hire an expert because they feel that they can’t afford to invest in one. But when you get the advice from that expert and you use their advice, the return on that investment will snowball. You will have the advice and knowledge that you paid for to carry you through year after year, and if you use the recommended strategies, you will be saving a significant amount of money.
The bottom line is debt isn’t fun for anyone, so be sure that you get clear on your strategy and pay down that debt. Whether that debt came from medical bills, student debt, or living beyond your means, you need to get clear on your priorities and pay it off. Your financial future will thank you for it.
