Another episode about debt!
I was reading an article the other day about how Americans in the first quarter of 2018 paid off $40 billion in credit card debt, the second biggest ever.
First off, $40 billion is barely a drop in the bucket for the outstanding credit card debt of over $1 trillion, but is interesting.
So many people are still in debt, and PAYING the bank interest month after month.
The banks are getting rich, and people are staying poor.
Let’s change that – let’s become wealthier.
Debt Reduction and Intentional Living to Financial Freedom featuring Debt Free Climb – Episode 21
My guest today is Gary. Gary is a business analyst living in Texas who has recently had a huge financial win in 2017: he paid down 55k of student loans in 3.5 years. He is an avid travel hacker as well.
I’m very excited to have him on the show today to talk about his debt paydown tips and tricks, as well as get into some of his thoughts on side hustling, travel hacking, and intentional living. Welcome Gary to the show!
You can check out Gary’s website here: Debt Free Climb
With all episodes, I want to have a few takeaways for you to apply in your life. Here are four from this episode:
- Track your income and expenses
- Automate your payments
- Setting up automatic transfers will allow you to hit your goals without thinking about them
- Play offense and defense
- Look to invest while paying down debt to take advantage of compounding.
- Stay positive
- The path to debt freedom might be long, but it will work out in the long run.
Hope you love this episode!!!