Day 4: How To Pay Down Debt Painlessly

Описание: Let’s get clear: Debt freedom does NOT equal wealth.
.
Debt freedom is A goal, debt freedom is not THEE goal for your money, growing what wealth looks like for you is
.
THE STEPS
.
1. Create a Debt List
.
2. Activate a pay-down plan, then set it and semi-forget it: Snowball, Avalanche, and UM

3. Focus on Earning
----------

HOMEWORK: Take action within 24 hours makes your goals more likely to happen.
.
1.Create a Debt List. Use a spreadsheet or a sheet of paper. Add: who you owe, how much you owe, minimum monthly payment, due date, interest rate and status
.

2. Activate a paydown plan, then set it and semi-forget it.

Use the Snowball (prioritize the lowest balance debt), Avalanche (prioritize the balance with the highest interest rate), and UM (unexpected money: any money not received from your normal income source, or money you didn’t anticipate saving. ex. A raise, tax refund, a sale, a gift, a pay back, when someone treats you)
.
3. Focus on earning! The fastest way to pay down debt is to make more, not spend less. There’s no cap on what you can make. There is a cap on how much you can cut back and save.
----------

Wait! BONUS in 7 days, you’ll be able to get the FULL version of my financial wholeness steps via my new book, Get Good with Money!
.
Mark your calendar for Monday, Feb, 1st.
.
In the meantime, go to www.getgoodwithmoney.com to learn more, get your free financial wholeness score and get your free financial wholeness checklist!
---------

Das it! You have 24 hours to complete this homework. You can report back your progress to me on social.
.
SAVE/TELL/TAG/SHARE