How To Get Out of Debt Without Losing Time and Money
I don't have to tell you that time is money. Compound interest is proof of that. When you're serious about getting out of debt, some gurus would have you get 'gazelle-like' and use a snowball or avalanche to get out of debt. While you live on beans and rice like no one else, it's ironically like the all the third world countries, interest is being added to your debts. The experts won't put a time limit, but you should. Here's why. Life moves by quickly. That's time. Financial goals need to be met like buying a car or a house, or saving for retirement. The time you take to get out of debt slows down your ability to meet other goals. The more money you spend getting out of debt slows down this process even further. What do you do when you're stressed out and backed into a corner? You do everything you can to avoid the devastation of facing a possible bankruptcy because that would the be the worst thing ever, right? Read on. Choices are the cornersto...