How to Be Debt Free: A simple plan for paying off debt: car loans, student loan repayment, credit card debt, mortgages and more. Debt-free living is within ... Books) (Smart Money Blueprint Book 3) by Breyer Avery

Author:Breyer, Avery [Breyer, Avery]
Language: eng
Format: epub
Publisher: Impeccable Publishing
Published: 2016-11-15T00:00:00+00:00

“Let him who would enjoy a good future waste none of his present.” Roger Babson

I’m about to share with you how choosing the right method of paying off debt could save you over $20,000, require you to put down the same amount of money each month as the wrong method, and allow you to be debt-free six-and-a-half years sooner.

How Sam saved twenty grand

Obviously your debt numbers will be different from Sam’s, but the lessons in this story will apply to everyone. Read on and see how big savings can be had under the right circumstances.

Sam accumulated a total of $80,000 in debts and is trying to decide on the best way to pay it all off. His minimum payments add up to about $1276 per month, and if he sticks with that he’ll have everything paid off in 20 years.

But he recently started a side business that’s already bringing in an extra $200 a month. His plan is to put that extra cash towards paying down his debts faster — and with the extra money he’s earning, he can now put $1476 per month towards debt repayment (i.e. $1276 + $200 = $1476).

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