Getting out of debt will not happen overnight; we know it takes time. Your 2019 goal should be striving to achieve these goals:
Step 1:$1,000 In a Emergency Fund
Step 2:Pay Off All Debt
Step 3:3 to 6 Months Expenses in Savings
Step 4: Invest 15% Of Income Into Roth IRAs And Pre-Tax Retirement Plans
Step 5:College Funding Step 6:Pay Off Your Home Early Step 7:Build Wealth And Give!
The Truth About Debt
Myth: Debt is a tool and should be used to help create prosperity.
Truth: Debt is not a tool; it is a method to make banks wealthy, not you.
Dealing with a debt collector can be one of life's most stressful experiences. Harassing calls, threats…Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt then you're a slave, in the sense that you do not have the freedom to use your money to help change your family tree. According to a recent USA Today article about debt, 78 percent of baby boomers have mortgage debt, 59 percent have credit card debt, 56 percent have car payments.
It takes a lot of will, discipline, courage and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment? This is how the wealthy build their wealth. Debt is really dumb. Welcome to the real world!
YOUR GOAL IN 2018 IS TO FIGHT AND GET OUT OF DEBT!
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