Most of the time conversations around net worth are preceded by a certain celebrity’s name. I, myself, just engaged in a debate discussion about Shawn Carter’s (Jay-Z) net worth and whether or not he is truly a billionaire.
Are you looking for additional ways to pay off debt? I know an app that can help.
A couple of years ago while attending FINCON, I found out about this app that helps you make extra payments towards your debt through the snowflaking method. Well I have been using this app for a while now to make additional payments to my student loan and I really like this app so of course, I had to come and tell you.
Making payments on your student loans is the worst. Unfortunately, there’s no getting around it: You have to pay them back. But how do you know if you’re doing it the “right” way?
Obviously, you want to pay them off as fast as you can. That way, you can spend that money on something more fun. But should you consolidate your loans or refinance them? It can feel overwhelming when trying to make this decision, especially when new offers are constantly arriving in your mailbox.
But don’t sweat it!
Do you know where you stand financially? At the end of every month I sit down for 30 mins and complete a financial checkup. A financial checkup is a layout of all my income and expenses for the month along with an analysis of how I spent my money in the previous month along with any outstanding debt balances and a status update of where I stand when it comes to my financial goals, so the balance in my savings, sinking funds and investment accounts (including retirement).
I have had people tell me that they will always be in debt so they are going to keep making monthly payments forever.
Well, that is not true, there are plenty of stories showing people who have paid off large amounts of debt.
I created a YouTube playlist of motivational debt free stories, click here to check it out.