Paying off your bad debt so you can build great wealth When my first business failed, I personally had over $1 million in debt that needed to be paid off. Those were hard times for Kim and me. For a short time we even lived in our car. Having as much debt as we did, coupled with the emotions of losing my business, it would have been easy to roll over, get a good job, and give up on my dream of building a successful business. I’d be lying if I didn’t say it wasn’t tempting. Thankfully, we didn’t give into that temptation. Instead we made a plan. Using all we had learned about money and how it worked, we looked for great opportunities to build our asset column—and eliminate our personal consumer debt—bad debt. By implementing this plan, we were completely debt free within a few years and on our way to financial freedom. The following are the six simple steps you can use to eliminate your personal debt. If you implement them, they will work. For my complete blog, click ow.ly/szThG
Posted on: Tue, 14 Jan 2014 19:00:17 +0000
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