Three Reasons to Punch Debt in the Face
Uncategorized
Jun 20, 2022
There is a lot of financial noise and fear going around. People are concerned about things like rising inflation, which is seen in rising gas prices, rising costs in items such as food and clothing, rising mortgage rates and housing prices. Behind all of this there is an elephant in the room that must be talked about that is affecting many people as this financial crisis unfolds. This elephant is called DEBT! Debt seems to be putting a whammy on a lot of people. I want to briefly discuss three reasons why we must fight back by punching debt in the face and getting it out of our lives once and for all!!
1. Debt is a thief that steals from your future by having you pay for your past.
That past meal, vacation, or item (remember 90 days same as cash?) purchased and financed on a credit card is a good example.
2. Debt takes away options and opportunities.
Many dreams and opportunities are put on hold or even forfeited because the money that can be used to obtain them is going towards paying off debt.
3. Interest rates are rising.
At the time of this writing, the Federal Reserve has raised the interest rate by another three quarters of a percent. This is not good when it comes to debt whether that be a credit card, car loans, personal loans, or student loans. The higher the interest rate the more expensive it is to pay off of debt.
With all of the economic noise out there, IT IS STILL POSSIBLE TO GET OUT OF DEBT!! All it takes is a plan.
Wherever you are on your financial journey whether it's learning how to create a budget, getting out of debt, saving, investing, or building wealth, contact me for a free coaching conversation.
Here are a few testimonials of people who connected with me and became empowered to achieve financial results.
Remember its time to punch debt in the face and get it out of our lives once and for all and I can help!!
