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146 | Why Becoming A Saver is the Secret to Paying Off Debt
Manage episode 446341839 series 3426000
Вміст надано Keina Newell. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Keina Newell або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Many of my clients try paying off debt in lump sums and then get frustrated when they find themselves in four or five figure debt again. As a financial coach, my goal is to help you build sustainable financial habits to help you disrupt the debt cycle. One of my clients recently paid off over $30,000 in debt, and I use her story and others to walk you through my six-step framework for paying off debt sustainably.
If you’ve ever tried to pay off debt before but found yourself frustrated or even in more debt you’ll want to listen to this episode. While listening you’ll gain key takeaways to help become a saver, the secret to paying off debt.
In this episode, I explain why learning how to become a saver will help you pay off debt in these six steps…
[04:23] Operational Framework: Why you should become a saver before paying off debt
[05:52] Step #1 Uncover why you are in debt
[06:14] Step #2 Budget for minimum debt payments
[08:04] Step #3 Start setting up sinking funds
[11:22] Step #4 Run your plan for 90 days
[17:09] Step #5 & 6 Evaluate and Accelerate
Tune into this episode of Money Files to understand why saving money is the secret to paying off debt and breaking the debt cycle.
Get full show notes and the episode transcript: https://wealthovernow.com/why-becoming-a-saver-is-the-secret-to-paying-off-debt/
Links mentioned in this episode…
Set up a call | Financial Coach Washington, DC | Wealth Over Now
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