Finance Smarts

 

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Finances always seem to be such a revolving issue.  Its like as soon as the investment market is up its already down again. Spending each dollar wisely is a most in any type of economy. The time when we have the most is when we need to help others and save the most not spend the most. Everything you buy is a investment whether it be a positive or negative investment. Lets help each other get out of debt and stop trying to do it on are own. I personally don’t want anybody to be in debt because when you are in debt you are a slave to your creditor.  Being a slave to your creditor robs you of your freedoms. I like to keep things simple, short, and basic so lets get to tips of advice.

1. Deny your self what you don’t need.

2. Determine your net worth.

3. Get organized.

4. Pay off debt with a week by week drawled out plan.   (Stick With It)

5. Pay of debt with highest interest.

6. When one form of debt is payed off apply that money to the next.

Example:

Order your debts from highest interest rate to lowest interest rate.  

Designate a certain amount of money to pay toward debts each month.

Pay the minimum payment on all debts except the one with the highest interest rate.

Throw every other penny at the debt with the highest interest rate.

When that debt is gone, do not alter the monthly amount used to pay debts, but throw all you can at the debt with the next-highest interest rate.

Info Sited Here

7. Give your 10% offering/tithes

8. Focus on the intangibles not the tangibles.

9. Have your own business.

10. Minimize tax return for the use of paying off bills.

11. keep things simple.

12. Own few possessions and get rid the excess.

In some situation we simple just dont earn enough to pay debt off in a desired time or we need to sell some possessions that we have. To earn extra income I do a MLM business on the side of my regular job. I have also been doing away with any extra clutter in the house and either giving it away, selling it or trashing it. Having a clean house enables your brain to work in new ways giving your brain the ability  to develop better financial habits. So lets make this happen and get out of debt together one step at a time.  Please feel free to add a comment or positive suggestions. Thanks and God Bless

 

 102 finance Tips