Business
Dave Ramsey breaks down ‘fastest way’ households can get out of debt | Personal Finance | Finance

Personal finance expert Dave Ramsey is sharing the “fastest way” people can get out of debt.
On his podcast, The Ramsey Show, the savings expert highlights ways people can tackle their money problems.
Debt continues to be a major factor affecting peoples’ finances with Wallethub recently coming out with data highlighting the severity of the issue.
Americans have raked up $1.23trillion in credit card debt which is seven percent higher than last year, after adjusting for inflation.
On his TikTok channel, Dave Ramsey discusses many money-related topics, including people’s debt woes.
Read more: Fixed energy deals trap warning as bill payers may get better deal if they wait
In a recent clip, Mr Ramsey addressed the fastest way people can get out of debt with the average person doing so within 18 months to two years.
So far, the TikTok video has been liked over 300,000 times with over 3,000 comments from Dave Ramsey’s audience.
Included with the clip was the caption: “What’s the fastest way to get out of debt? #debtsnowball #debtfree #debthelp #payoffdebt #broke #moneytok #moneytips #creditcarddebt #studentloandebt.”
The saving expert explained: “You list your debts from smallest to largest. You pay minimum payments on everything but the little one.
“You attack the little one with a vengeance. Scorched-earth lifestyle. Sell so much stuff the kids think they’re next. Take 16 extra jobs. We’re getting out of debt.
“You pay everything. You stop investing temporarily and completely focus all your emotional, spiritual, financial, and relational energy on that smallest debt. Everything goes on that.
“When that one’s gone you take the payment that used to be there and any other money we can squeeze out of our budget and we throw it at number two.
“When that one’s gone, we take the payments from one and two.”
According to Mr Ramsey, the “snowball rolls on” and subsequent debt amounts are then tackled using the money which would have been reserved for other payments.
Mr Ramsey added: “The average person for the past 25 years that has done that with great focused intensity, going crazy to the point their broke friends and relatives thought they needed counselling.
“They shaved their head. They drank the Kool-Aid. They get out of debt in about 18 to 24 months. Everything but their house.”
Those interested in getting more advice on debt-related issues can follow Dave Ramsey’s TikTok channel for more guidance.
Business
Trump To Meet President Xi During China Visit: What’s On Agenda?


US President Donald Trump will pay a state visit to China from May 13 to May 15 at the invitation of Chinese President Xi Jinping, a spokesperson from the Chinese Ministry of Foreign Affairs (MFA) said.
Senior US officials have indicated the meeting between both leaders will address several high-stakes topics, including Taiwan, Iran, AI technology and nuclear arms. The talks are also expected to focus on whether both nations will continue their strategic critical minerals pact, according to Reuters.
After more than half a year without direct talks, the leaders of the United States and China are preparing for a face-to-face meeting aimed at preventing further deterioration in ties strained by trade tensions and geopolitical conflicts, including the US-Israeli conflict with Iran.
Trump is expected to land in Beijing on Wednesday. This is the first time in nearly a decade that Trump will be visiting China.
ALSO READ: Putin Hints At Possible End Of Ukraine Conflict During Victory Day Address
Trump-Jinping Meet: What To Expect?
https://x.com/ANI/status/2053660557723783608?s=20
Economic relations are likely to dominate talks between Trump and Xi Jinping, with both sides expected to explore greater investment opportunities. Washington has recently pushed what strategy analysts refer to as the “Five B’s”, centred on Chinese imports of Boeing jets, US agricultural products such as beef and soybeans, and the formation of trade and investment panels designed to separate low-risk economic cooperation from sensitive security issues, reported The New York Times.
Beijing’s negotiating priorities have centred around the “Three T’s”: tariffs, technology and Taiwan, with China maintaining its longstanding claim over the island. Chinese officials are expected to seek continuation of the trade truce reached last year while urging the United States to relax restrictions on advanced chip exports that China sees as vital for economic and industrial progress. Jinping is also expected to raise concerns over Washington’s ties with Taiwan during discussions with Trump.
According to an official cited by Reuters, US and China may formally introduce plans for new trade and investment bodies at the upcoming meeting, but the mechanisms would likely need additional refinement before implementation. Discussions are also set to include the future of the trade ceasefire that currently permits the export of Chinese rare earth minerals to the US, although it remains uncertain whether an extension will be agreed upon this week.
A senior White House official, speaking to reporters on condition of anonymity on Sunday, indicated that Trump could push China more aggressively over its economic dealings with Iran, including oil purchases and the supply of products that may have both military and civilian uses. The comments came days after US Treasury Secretary Scott Bessent alleged that China was “funding” Tehran, Al Jazeera reported.
China’s relationship with Russia could emerge as another major topic during the talks.
ALSO READ: Assassination, Coup Fear? Putin Spending Weeks In Underground Bunkers, Says Report
“The President has spoken multiple times with General Secretary Xi Jinping about the topic of Iran and about the topic of Russia, to include the revenue that China provides to both those regimes, as well as dual-use goods, components and parts, not to mention the potential of weapons exports. I expect that conversation to continue,” an official said as per Reuters.
Trump has frequently highlighted his personal rapport with Xi Jinping, often referring to him as “a friend”, while signalling hopes of attracting increased Chinese investment into the United States. However, analysts remain sceptical that the talks will produce a sweeping economic breakthrough, with more limited agreements and an extension of last year’s trade truce viewed as the most realistic outcome.
“The entire world will be hoping that the two leaders can reach agreement on at least a subset of issues … and find ways to prevent any further escalation of tensions on the remaining ones,” Eswar Prasad, professor of economics at Cornell University, told CNBC.
The previous face-to-face meeting between Trump and Jinping took place in South Korea last October, where both leaders agreed to halt an escalating trade conflict marked by steep US tariffs on Chinese imports and Beijing’s threat to curb rare earth exports.
Essential Business Intelligence,
Continuous LIVE TV,
Sharp Market Insights,
Practical Personal Finance Advice and
Latest Stories — On NDTV Profit.
Business
IndiGo, SpiceJet, GMR Drop 4% As PM Modi Urges To Avoid Foreign Travel


Aviation stocks tumbled after the opening bell on Monday, May 11 following Prime Minister Narendra Modi’s appeal to citizens on avoiding foreign travel, adopt Covid like measures and save fuel in light of the ongoing crisis in the Middle East.
So far, Interglobe Aviation, IndiGo’s parent lagged the most, trading 4.44% lower at Rs 4,322 apiece, followed by SpiceJet, which dropped 4.15% to Rs 13.41 and GMR Airports fell 3.67% at Rs 97.6 per share.
The recent dip comes after PM Modi appealed citizens to help conserve foreign exchange reserves, save fuel and avoid unnecessary foreign travel, overseas vacations and foreign weddings. Additionally, he urged citizens to reduce petrol and diesel consumption by using metros and public transport wherever available, and opting for car-pooling when private vehicles are necessary.
Essential Business Intelligence,
Continuous LIVE TV,
Sharp Market Insights,
Practical Personal Finance Advice and
Latest Stories — On NDTV Profit.
Business
Suspended TMC Spokesperson Riju Dutta Says He Was Punished for Speaking Truth


Suspended TMC spokesperson Riju Dutta on Sunday launched a scathing attack on his party, alleging that corruption had been institutionalised.
A day after being suspended for six years for alleged breach of party discipline, Dutta questioned why people in West Bengal now felt “free to express themselves without fear” following the BJP’s electoral victory.
“Why have things come to such a stage? Why are people celebrating? We did not introspect,” he told reporters.
The suspended leader alleged that money was demanded for almost every civic-related work.
“From installing commodes in homes to getting building plans approved, money had to be paid everywhere. There was hardly any work for which people did not have to pay the TMC,” Dutta alleged.
He also referred to the school jobs scam and said the allegations of “job theft” should have been given serious attention.
ALSO READ: 450% Higher: How Bengal CM-Designate Suvendu Adhikari’s Net Worth Compares With Mamata Banerjee
“If someone says jobs were not stolen, that would be a grave sin,” he said, adding that whenever he tried to raise such issues within the party forum, he was ignored.
Earlier, in a video message after the BJP’s victory in the state, Dutta had thanked BJP leaders for what he described as their “courtesy” and “protection”.
“The BJP’s central and Bengal leadership openly told me to continue doing politics fearlessly according to my ideology and beliefs and assured me that my family would not be harmed,” he had said.
He also mentioned BJP MLA Ritesh Tiwari for extending support and claimed that many TMC leaders were keen to join the saffron party.
Dutta also apologised for his past personal attacks on BJP leaders during political campaigns.
Reacting to his suspension, Dutta said he had devoted 13 years to the party and risen through “hard work and performance”.
“I am not a nepo kid. Yet my beloved party suspended me because I spoke the truth,” he said in a social media post.
He further claimed that the party’s disciplinary committee accused him of not appearing before it despite his having submitted a written reply at the party headquarters within the stipulated time.
“Perhaps the suspension notice had been typed even before my reply notice was read,” Dutta said.
ALSO READ: Meet Suvendu Adhikari: From Mamata Banerjee’s Aide-Turned-Foe To BJP’s Bengal CM-Designate
The TMC on Saturday suspended three of its spokespersons, including Dutta, for six years over alleged anti-party remarks made following the party’s defeat in the West Bengal Assembly elections.
According to a statement, spokespersons Kohinoor Majumdar, Riju Dutta and Kartik Ghosh were suspended for allegedly violating party discipline.
Dutta drew attention after praising the BJP government’s measures to curb post-poll violence in a social media post. The notices were issued by TMC MP Derek O’Brien, who is a member of the party’s disciplinary committee.
Besides the three suspended leaders, notices had also been served on Krishnendu Chowdhury and Papiya Ghosh.
The party had sought explanations within 24 hours, asking why disciplinary action should not be initiated against them for “breach of party discipline”.
According to party leaders, some spokespersons had publicly questioned the leadership’s functioning and campaign strategy after the electoral defeat.
A senior TMC leader said the party would respond to Dutta’s allegations “at the appropriate time” and questioned why he raised the issues only after the election results.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence,
Continuous LIVE TV,
Sharp Market Insights,
Practical Personal Finance Advice and
Latest Stories — On NDTV Profit.
Video4 weeks agoWorld News | ख़बरें विदेश की | 19 march 2026 | Donald Trump | venezuela news | America #dblive
Video4 weeks agoToday news 🔴 nepali news | aaja ka mukhya samachar, nepali samachar live | Chaitra 16 gate 2082.
World4 weeks agoChina threatens Trump over Strait of Hormuz blockade: ‘Do not interfere’ | World | News
Technology5 days agoAndroid users should update phones now to avoid ‘critical issue’
Video4 weeks agoToday news 🔴 nepali news | aaja ka mukhya samachar, nepali samachar live | Chaitra 15 gate 2082.
Technology4 weeks agoWindows PC users placed on red alert and told to watch out for urgent update
Sports4 weeks agoLIV Golf respond to reports of league collapsing with nine-word post | Golf | Sport
Video4 weeks agoIran War escalates as Yemen’s Houthis attack Israel and threaten Red Sea | BBC News




















