Overview
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Wealth starts with getting rid of debt. Learn how to eliminate bad debt and maximize your cash flow.
Syllabus
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Introduction
- A bird's eye view of getting out of debt
- Important accompanying worksheets
- The multistep overview of how to build sustainable wealth
- Protect what you have and own
- Saving to bring a return on your money and build liquidity
- Setting up your savings to make money for you
- Excel by eliminating debt and building equity
- Investment can be a risk to your living wages
- The purpose of the 10-20-70 rule
- Putting 10% of your income to savings
- Alloting 20% of your bracketed income to creditors
- Choosing 70% of your living wages to go toward living expenses
- Alternative ways to break up your income
- The differences between good and bad debt
- Excel by investing in life insurance
- Downloading and using your debt worksheet
- Using your 10-20-70 worksheet
- More information on the 10-20-70 worksheet
- Snowball vs. avalanche debt payoff strategies
- Using the perpetual wealth code method to excel
- Considering the use of the emotional component
- Developing a month-to-month system
- Making sure you are protected
- Excel by building out your emergency fund
- Tips for debt restructuring
- The blueprint for paying off debt
- Money manager account information
- Freeing up more of your cash flow
- Managing more of your debts for ultimate payoff
- Paying off student debt
- How to use this blueprint to be most effective
- Save more money and build equity
- Should you use credit cards?
- Excel by investing your money wisely
- Taking your next steps
