Week 1 Debt Coaching Q & A - REPLAY
Determine Where You Are and Where You're Headed
#1 Strategy from our Discussion during this session:
If your credit scores are higher today than when you first got your credit cards, call each of those and request an interest rate reduction. Your scores dictate the interest rates. You have to be proactive with your creditors because they are not automatically just going to lower your rate. You must initiate it.
When your interest rate is reduced your monthly minimum payment will be lower. But keep making the same monthly payment as you were before the reduction. The difference between both payments creates Financial Freedom Dollars that can be applied to the principal balance on the account, thus accelerating the time to pay it off.
Those phone calls will be worth thousands of dollars saved in interest!
Your Assignment:
1. Review Steps 1 and 2 in the Debt Freedom Course.
2. Establish your goals for the program and enter them in WizeFi.
2. Create your debt freedom plan.
3. Start categorizing transactions.
4. Create an optimized budget by reducing monthly expenses.
5. If you don't have access to the Course or Wizefi, click the registration button below and you will get access to both.
Register Here