Do you want to get out of debt? Do you know why you cannot get out of debt? I will give you an example here and will also give you some strategies on how you can get out of it. I also advice you to get the The Richest Man in Babylon free ecourse that will change your life financially. Many have agreed with me how the ecourse changed their life financially. This is free and if you learned from it, just pass it on to others.
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your credit card company only to find that your balance only came down enough for you to buy a pair of flip flops, not the designer kind. I’m talking the
$5 variety. You pay $700 to your mortgage company, but the amount you owe is just $60 less.
What!?! You’ll never get ahead at this rate.
most successful when these needless interest payments are eliminated. You can do this by consolidating high-interest debt into a low-interest loan. This is the best option since it eliminates a huge portion of your interest payments instantly.
You see, interest is calculated according to what you owe. The following
slide about credit card
example will put it all
If you don’t have any money
to make extra payments, talk
to your creditors to get your
interest rate lowered.
Even if you can afford to pay
more, it is not a bad idea to
ask for a lower rate.
Learn to pay for things without credit, and you will find that you have more money in your pocket because you won’t be wasting it on senseless interest payments.
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