AVOIDING CREDIT CARD DISASTER HOW TO BETTER MANAGE YOUR CREDIT
Quit the blame game.
جديد هنا؟ لا تحتاج إلى حساب، سننشئ لك واحداً في ثوانٍ عند الدفع. لديك حساب؟ سجّل الدخول
لماذا تقرأ هذا الكتاب؟
- • Stop blaming others and take responsibility for your charge card debt.
- • Learn how to set financial priorities so your debt gets paid first.
- • Use proven payoff methods like the snowball and snowflake techniques.
- • Reduce temptation by cutting up cards and controlling spending.
- • Understand options beyond payment plans, including bankruptcy.
الوصف
One of the biggest challenges people face when they start building wealth is the mountain of charge card debt that keeps growing through high interest. This book focuses on practical, straightforward ways to stop the cycle and regain control of your finances. It begins by confronting the mindset that fuels debt—moving from blame to responsibility—and then walks through setting priorities, directing your money toward debt payoff first, and avoiding risky moves like using home equity to pay credit card balances. The chapters also cover how to reduce balances faster with the snowball and snowflake techniques, cut off future spending, look for additional income, and understand bankruptcy as a last resort.
فهرس المحتويات
Forward Chapter 1: Stop Blaming Chapter 2: Know Where Your Money Needs To Go Chapter 3: Forget The Home Equity Line Chapter 4: Sell Unrestricted Investments Chapter 5: Snowball Technique Chapter 6: Snowflake Technique Chapter 7: Cut Them Up Chapter 8: Other Income Chapter 9: Bankruptcy
معاينة
One of the biggest challenges for people to overcome when
they first determine to start building wealth and putting
income away for their future is a hulking mountain of charge
card debt developed over several years. With balances of
$10,000 or $20,000 or more, at 20% and 30% interest, they
find themselves paying upwards of $500 monthly in interest
expense alone, never making the balance of the charge card
debt decrease, adding even more defeat and pain to the cycle.
This “negative amortization” as it's addressed - that’s when
you start paying interest on the interest you already owed as
you didn’t make a big enough payment to cut the balance - will
mostly be against the law due to recent regulations set in place
over the last few years. This is precisely why you should pay off
high interest charge card debt.
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