Episode 111: Get Out of Debt - Part 1
KPC Smart Money
English - December 01, 2022 11:00 - 12 minutes - 17.2 MBInvesting Business Management management market personalfinance safety security stock wealthmanagement advisor annuities annuity Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 110: Is Pet Ownership Right for You?
Next Episode: Episode 112: Get Out of Debt - Part 2
Most people have found themselves dealing with too much debt as some time in their lives. Others live in perpetual debt. It isn't a good feeling when those debt payments seem endless. This three-part series will give you some ideas on how to get out of debt, and stay out of debt.
Key takeaways:
Start an emergency fund so that emergencies don't catch you by surprise List out your debts and pay off the smallest one first while paying the minimums on other debt Once you pay off the smallest debt, take that payment and apply it to the next debt Determine how much you can pay towards debt per month and stick with it