Financial Literacy – How to Eliminate Debt?

How to Eliminate Debt MAIN POINTS:

1. 80% of American adults are in DEBT.

2. 50%+ own a Credit Card.

3. $8,284 is the Average Credit Card Debt per Household.

4. Make a list of all your debts.

5. Don’t make late payments because it ruins credit score.

6. Pay on debt at a time, either the one with the highest interest rate or the one with the smallest balance first.

7. We ran through some examples on how to reduce credit card debt in today's episode.

8. We ran through some ways to increase your cash flow in today's episode.

Hope you had fun and learned something today!

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