181 What Is Your Relationship With Debt With Financial Strategist Paul Lawrence Vann

One of the most important things a person can ever do for themselves is to take time out to understand debt, specifically their own. Paul also empowers you to pay off your debt because it will assist you in accomplishing your financial goals. Last but not least, focus on becoming debt-free. Don't just listen to what I share with you about debt, take action to free yourself from the debt of all kinds.

- Reasons why people stay in debt:

 1. Lack of a budget 

2. Living above your means

3. No budget is the major culprit

4. Emotional spending

5. No emergency savings

- Pay Off Your Debts:

1. Pay more than the minimum payment

2. Pay off your largest debt first

3. Create a much-needed budget

4. Use a debt repayment app

5. Transfer debt using zero interest for 12 -18 months

- Take Measures To Avoid Debts to Become Debt-Free

1,  Get rid of your credit card debt

2. Overspending

3. Not sticking to your budget

4. Giving up on investing

5. Neglecting insurance

Are there more ways to understand your debt, absolutely? During this episode, Paul shared reasons why people stay in debt, ways to pay off debts, and avoid staying out of debt to become debt-free. Tune in to listen to this episode with Paul Lawrence Vann and over 180 episodes at this link  https://bit.ly/3n84XSF