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Once that debt is paid off you can turn
payments you were making toward a larger debt, sometimes doubling
rate at which you are able to pay off that bigger debt. Combined,
return on your investment here is massive compared to regular stock investing!
Wealth building, in
beginning, is actually started with debt reduction and strict management. A change in attitude about your debt, from “liability” to investment, is
first step in true wealth building.
Today you should sit down and find
monthly expenses that truly don’t mean as much to you as building wealth does. See how you can eliminate some of your spending to invest in your debt in order to maximize your cash flow faster, giving yourself a raise!
Take most of what you now have available per month and turn it toward
next debt – raising
regular monthly payment by as much as you can while rewarding yourself with a little thing to note your accomplishment.
Before you take on another investment, think about
wealth you can build with
money that currently goes to debt. Once you have mastered your debt, all that money can go toward investments, savings, and living expenses that far outstretch what you are able to experience now.
The only aggressive investment strategy that has absolutely zero risk is debt investment. You cannot lose and
gains are always tremendous compared to any other form of investing.
Live your retirement years free of financial stress, relaxed and enjoying life due to automatic income streams you create through
powerful investments you can afford AFTER investing in your debt.
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C.C. Collins is a respected financial strategist and investing expert. His NetWorthPublishing sites offer information and help with stocks and mutual funds.