Interest rates are rising right now and being in debt is becoming more expensive all the time. In this episode, episode 460 of the wealth talks podcast, we are going to talk about how to be debt free.
Becoming debt free can be a daunting task, many people will never know what it feels like to be debt free.
People take on debt voluntarily or involuntarily. Voluntary debt in our country often involves student loans and credit cards. Involuntary debt often involves emergencies. To truly be “debt free” you can’t have any debt, none, nada, zip, zero. This is how to be debt free.
Resources:
https://mcfieinsurance.com/10-20-70-budget-system
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Financial entertainers 🤑 will tell you that you need to “cut out your coffee” ☕️ to get out of debt, save for your future and become a millionaire!
Maybe that’s true for them, but is it true for you? BALANCE is key. Discover how to balance your financial life so you can save with sustainable guarantees, get out of debt and achieve your dreams without sacrificing your quality of life.
The basic recipe is simple. Your details are unique. Call us for assistance with your strategy to get out of debt and move beyond just “debt free” to “financial freedom”. 702-660-7000
Resources:
10-20-70 Cash Flow Balancing Worksheet - Download here