Stop letting debt control your life.
Debt robs you of your freedom and makes it impossible to build wealth.
Here are 5 steps you can use to get out of debt ASAP:
Debt robs you of your freedom and makes it impossible to build wealth.
Here are 5 steps you can use to get out of debt ASAP:
1. Ruthlessly Cut Expenses
Get a reality check.
Look through your expenses and categorize them into:
- Needs
- Wants
- Wishes
Cut out expenses falling under Wants & Wishes.
Those "saved" costs will go toward your credit card debt.
Frugal living is a must.
Get a reality check.
Look through your expenses and categorize them into:
- Needs
- Wants
- Wishes
Cut out expenses falling under Wants & Wishes.
Those "saved" costs will go toward your credit card debt.
Frugal living is a must.
2. Find Your Strategy
Make a dent in that debt with:
A) Snowball - Sort debt by amount & pay off the smallest first (while making min. payments to the others).
Or
B) Avalanche - Sort debt by interest rate & pay off the highest first (while making min. payments to the others).
Make a dent in that debt with:
A) Snowball - Sort debt by amount & pay off the smallest first (while making min. payments to the others).
Or
B) Avalanche - Sort debt by interest rate & pay off the highest first (while making min. payments to the others).
3. 0% Balance Transfer
Find a card with a 15-18+ month 0% intro period.
Transfer your outstanding credit card debt to that card.
Make payments each month without paying interest.
NOTE: Only do this if you don't plan to spend MORE on your new card.
Find a card with a 15-18+ month 0% intro period.
Transfer your outstanding credit card debt to that card.
Make payments each month without paying interest.
NOTE: Only do this if you don't plan to spend MORE on your new card.
4. Negotiate with Creditors
Credit card companies WANT you to work with them.
They want you to pay off the debt.
So pick up the phone and call your credit card company.
Negotiate the terms of your interest rate or payments.
The worst thing they can say is "no."
Credit card companies WANT you to work with them.
They want you to pay off the debt.
So pick up the phone and call your credit card company.
Negotiate the terms of your interest rate or payments.
The worst thing they can say is "no."
5. Increase Income
How much you SAVE is limited.
How much you EARN is UNlimited.
So start building multiple streams of income to make more money.
The more you make, the more you can use to pay off your credit card debt.
How much you SAVE is limited.
How much you EARN is UNlimited.
So start building multiple streams of income to make more money.
The more you make, the more you can use to pay off your credit card debt.
If you want a finance expert to help you:
ā¢ Get out of debt
ā¢ Build your wealth
ā¢ Stop stressing about money
And finally, live your dream life...
Then my NEW community, Wealth Suite is for YOU!
Join now š
(Early-bird discount ends soon)
themillennialmoneywoman.com
ā¢ Get out of debt
ā¢ Build your wealth
ā¢ Stop stressing about money
And finally, live your dream life...
Then my NEW community, Wealth Suite is for YOU!
Join now š
(Early-bird discount ends soon)
themillennialmoneywoman.com
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