Day 4: How To Pay Down Debt Painlessly

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

3. Focus on Earning
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HOMEWORK: Take action within 24 hours makes your goals more likely to happen.
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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
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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)
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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.
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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!
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Mark your calendar for Monday, Feb, 1st.
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In the meantime, go to www.getgoodwithmoney.com to learn more, get your free financial wholeness score and get your free financial wholeness checklist!
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Das it! You have 24 hours to complete this homework. You can report back your progress to me on social.
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SAVE/TELL/TAG/SHARE