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The Price of Business Digital Network has a new series of outstanding commentaries from business thought leaders. This is one in that series.
* Make a decision to stop borrowing money!
This may sound obvious, but if you want to get out of debt fast, you have to stop using debt to pay for your lifestyle.
* Emergency fund.
So if something needs repaired or replaced, you have the money to do so.
* Create a budget!
A budget is telling your money what you want it to do instead of wondering where it went.
* Organize your debtsAbout the guest:
This is an absolute key to paying off your debt. List all of your debts from smallest to highest. This is the “wrecking ball” approach. Pay off the smallest debt first, and then apply that payment to the next debt in line. This will build momentum. Just like a wrecking ball hits a building, it may take a few blows, but that building is coming down!
Karen Ford, Master Financial Coach
Karen is a Master Financial Coach, Public Speaker, Entrepreneur, and Author who has coached people with a variety of money issues: from just $500 in debt to $800,000 in debt. She has coached folks with up to 86 credit cards and taught them how to pay down and pay off those credit cards in record time.
Karen’s mission is to inspire others to rid themselves of debt and build wealth. She encourages others to break the shackles of debt and gives valuable insight into building wealth so they can experience financial freedom!
LISTEN TO THE COMMENTARY IN ITS ENTIRETY HERE:
The Price of Business is one of the longest running shows of its kind in the country and is in markets coast to coast. The Host, Kevin Price, is a multi-award winning author, broadcast journalist, and syndicated columnist. Learn more about the show and its digital partners at www.PriceofBusiness.com (scroll down to the bottom of the page).