195 Financial Strategist Paul Lawrence Vann On Living Debt Free

As people go about their day-to-day life, they don't think about
living without debt because they are just trying to do their
best. Here are a few tips to consider to assist you in
positioning yourself to live a life without debt which is more
possible than you will ever know.
Don't neglect saving money, pay your debts but don't do so at
the expense of your savings and emergency account.Investing assists
in building wealth, do not stop investing because it will help you
pay off your debts a lot sooner.Do not get rid of your credit
cards, if used responsibly they can make a difference if you have
an emergency. Pay more than the minimum each month to accelerate
repayment of the debt.Neglecting insurance can result in paying for
medical and or automobile debts if you need treatment and or if you
have a vehicle accident. You need adequate insurance coverage no
matter what and it can help you live debt-free.Stick to a budget,
never stray away from it. Come up with your own unique budget,
consider the 50/30/20 plan. After-tax income or 50% should go
towards your mortgage, rent, and other essentials., 30% should go
towards entertainment or fun account, and lastly, 20% should go
towards savings, paying off your debt, and investing,The key to
living debt-free is to not overspend. The bottom line is to develop
a budget, use discipline, and create a concrete spending plan,
without it, you will be living with debt which is counter to what
you want to achieve financially.

You can live debt-free, so you decide when you want to begin this
process. If you have any questions about living debt-free contact
Paul at (800) 341-6719 or email him at info@paulvannspeaks.com


Discover more about Paul's virtual Financial Fitness course at
this link, perhaps it can make a difference along your financial
journey: https://bit.ly/3dbperG