Reduce Debt Increase Wealth
Episodes
240 episodes
Know Budget Cateories Percentages
How much of net income should be use by each category monthly. Knowing these percentages will help in getting debt reduced and savings increased. Article Links:
Setting Goals
Why is setting goals important when trying to reduce debt. Once realized that debt has become a problem setting goals to reduce debt is key to staying on track. Goals that related to reducing debt is covered in this episode. Article Li...
Getting Started Reducing Debt
Debt can be overwhelmingly difficult to reduce. What is the first steps in getting debt under control. First to identify what cause this problem then to try to eliminate the problem. Article Links:
All Things Considered
There is more to personal finance than reducing debt. While reducing debt is the biggest problem it not the only item that is needed in life. The second item is savings the third is protecting the assets that is owned. Article...
No Savings for Retirement
What to do when have little or no retirement savings. First this must be identified early so that changes can be made. More than half of Americans have less than $ !0,000 saved for retirement. Article Links:
Debt Management Plan
Debt management is a must for everyone, to keep credit cards under control. Debt reduction is a must in this time of inflation to stay on track with goals. Before getting started on debt going to talk more about control center and how to use wi...
Budget Control Center
Budget is the control center of personal finances. Without a budget it is impossible to determine the success of goals or determine how and when the goals will be achieved. Article Links:
Tracking Finances
Tracking personal finances needs done on a weekly basis. Many do not keep track of anything and get behind on paying bills and do not knowing how much money in checking account. This is important for everyone to do and to stay ahead of bills co...
Starting a Business
Starting a business to build wealth sometimes works but has risk and many fail. The best way to get started in a business is to have a plan and be debt free in personal life. These are the things that need to be complete before starting a busin...
Debt Payoff Calculator
Found a payoff calculator that can be used to estimate the time needed to pay off debt using my plan. Remember the one-time payment being made and the month made is an estimate so may not be exact in estimating the total months need to be debt ...
Inflation Proof Budget
With inflation on the rise with no end in sight now the time to start reducing debt, and spending. It sounds easy to do but many struggle to grow savings and reduce debt. Here are some ideas to do to make sure the needs taken care of, and savin...
How to build emergency fund
Increasing the savings account or emergency fund is important in debt reduction. How do you know when and how much to transfer into savings so that money can stay there. Article Link:
Understanding Debt Reduction
Debt reduction can be a daunting task, overwhelmed and not sure how to start. Get paper and pen out, get ready to list the steps needed to reduce debt. First a list in the order to proceed towards debt reduction then will explain that list.&nbs...
Benefits of Retirement Savings
Having to work past retirement because cannot pay the everyday needs is not an option. Taking care of needs is necessary so saving for retirement at a youthful age is necessary. There are more bills to pay as we age for example medical. So, wha...
Reminders For Personal Finance
What to do when getting debt reduced, many may not know what to do with the money. Do not do wasteful spending but instead set up for success. The things everyone should consider having to make sure finance is never a problem. Artic...
Manage Debt
Overwhelmed with debt can cause problems, many problems. Taking control of money and getting the debt under control will help everything in life. Making it easier for daily living and long-term goals. Take control of your money, do not le...
Budgeting Categories
In a perfect world these would be determined before buying or renting a place to live. This is not possible in most cases what should be the percentages of income in each category and why this is important in keeping a personal budget. What cat...
Benefits of Tracking Expenses
What is tracking expenses and how will this help in getting a budget under control. This is the easiest way to setup a budget and to maintain a budget without using a lot of your time. Article Links:
Benefits of Budgeting
People do not like thinking about making and maintaining a budget. The B word is almost like a bad word to most, but the benefits out weight the time and effort to get a budget set up. Maintaining a budget will prevent the problems that are com...
Inflation
What causes inflation and how to reduce the effects of inflation on personal budget. Knowing the causes of inflation will help in dealing with this problem. It not a short-term problem but will be a long-term problem. Article Link:<...
How to Save Money
How to reduce the spending and save more money to reduce debt or increase savings. First must identify that there is a spending problem. Then find ways to solve this problem. Article Links:
Credit
What the difference between credit and debt, then how does each affect your financial life. Debt can be good and bad, but all credit must be good to have a healthy financial life. This episode is about good debt vs bad debt and having good cred...
Financial Freedom
Still working on getting credit cards debt reduced. Now the time to start tracking net worth. This will help in determining the progress made in debt reduction. W hat is financial freedom, is it worth the effort?Treat all credit ca...
Saving Vs Investing
Having an emergency fund is essential in keeping on track with any goals and plans. Increasing the emergency fund is important as the debt reduced this will help keep the debt under control in the future. Once the emergency fund is large enough...