“Carrying debt erodes your wealth because you have to pay to borrow money… When you do borrow money, you HAVE to have a plan to pay it back.”
— Melissa Houston
This is an episode that the credit card companies DON’T want you to hear!
Whether it’s personal or professional, debt can be an enormous source of stress… and it can also be a source of shame, fear, or guilt. Credit card debt is one of the most common types of debt. According to moneygeek.com, the average card holder in Q1 2022 is carrying $5,769 in credit card debt — and for many, that amount can be a real hardship!
Today’s episode is all about getting out of credit card debt and into financial freedom through creating and following a debt repayment plan.
From minimum payments to compound interest rates to third-party debt, I dig into the secrets and strategies that will help you to avoid and get out of debt, so that you can keep growing and protecting your wealth!
In this episode, you’ll discover:
01:58 What are your business questions?
03:06 Interest rates
06:22 Third-party debt
08:34 Reducing your total loan cost
10:12 Refinance your debt
11:27 Accelerate your payments
12:29 Pay off higher-interest debt
13:26 Make extra money
14:19 Stop using credit cards
15:29 Debt Repayment Mini-Course
Debt Repayment Calculator
Link to calendar (free 30 min consult call)
Main website 🡪 https://shemeansprofit.com
Offers 🡪 https://shemeansprofit.com/offers
Cash Confident Course 🡪 https://melissahoustoncpa.lpages.co/cash-confident-sales-page
What’s Your Profit Personality? (quiz) 🡪 https://www.tryinteract.com/share/quiz/62ddb2293d71af001892a3a9
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