39% of Americans have unpaid credit card debt and 21% have student loans. Eliminating credit card and student loan debt is critical to building long-term wealth. Why is Credit and Student Loan debt so bad? Two reasons: Financial Flexibility Lost Money Financial Flexibility A good indicator of personal financial health is your disposable income. This… Read More Eliminating Debt: Why it matters?
Sometimes it’s good to step back and think money. This means that its good to make a personal financial audit two to four times a year, to keep money matters in control. Procedure for personal financial audit is check – measure – readjust. For the best result, one should keep a record on financial matters,… Read More Financial audit and readjustment
Borrowing money is easy, paying back is harder. Money is not free and when using debt, one should always think who benefits and who does the opposite. It might feel attempting to pay your debt in small pieces, over longer periods of time. The reality is that credit companies are happy milking money as long… Read More 8 steps to get out of debt