Week 4 Debt Coaching Q & A - REPLAY
Asset Swapping Results and Moving Forward
#1 Strategy from our Discussion during this session:
When reviewing the items in your home for asset swapping purposes, it may be helpful to think in terms of "Cash" or "Trash" to help you decide if you will add it to your asset swapping spreadsheet. Thanks to participant Benjamin Davis for coining that phrase!
#2 Strategy from our Discussion during this session:
It is all about paying attention to both your debt-to-income ratio and your credit scores as part of your strategy.
Make sure to download the High Credit Score / Low Debt Ratio worksheet taken right from my Advance Your Prosperity 90-Day Planner.
If you weren't there live, email Devin to get the download.
Your Assignment:
1. Use the WizeFi Asset Swapping spreadsheet to list all your assets:
- Productive Assets
- Non-Productive Assets
- Limited Assets
Assign a value to all of them and take the time to decide which ones you can sell.
2. If you haven't done so already, establish your goals for the program and enter them in WizeFi.
2. Complete the High Credit Score / Low Debt Ration worksheet to see which quadrant you fall into and what to do next.
3. Send Devin an email testimonial of your experience with this program.
