Our Goal is to assist singles and couples to MASTER their money, obtain a VISA to their future and DISCOVER the results that lead to FINANCIAL PEACE
Monday, March 15, 2021
Wednesday, March 10, 2021
Stop retirement contributions
Stop retirement contributions (until debt is gone).
One thing you’ll start to see as you start eliminating your debt is that it’s SUPER easy
to take “one step forward, two steps back”. I ALWAYS recommend that one who has debt stop contributing to retirement while they’re getting out of debt. This is only temporary. (1-2 years) Why? Because it’s inefficient. You can’t do two things at once here. You must do an
analysis of what your debt is costing you verses what your investments are earning
you. Odds are the gains are either cancelled out OR worse yet, you’re losing ground
even faster than you thought.
The bigger point here is that, if you want to start to win with money, you have to be
willing to question and then skewer your current thought patterns and habits
around money.
Would you agree with that? Is what you’re doing now really working?
I know this is a little challenging and it may feel like I’m poking you in the eye a little
bit, but I can promise you this is a super important point.
In this process, you’ll only get momentum if you can focus intently on each of these
micro steps as you go through them.
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