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Old 01-28-2011, 10:43 AM
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Shippou Shippou is offline
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Join Date: Apr 2008
Location: Indiana, USA
Posts: 146
Re: transforming debt into wealth

Owned by John Cummuta.

I find it hard that folks don't use common knowledge when it comes to this kind of stuff


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1: Stop all buying on credit ... use cash
2: Figure out wasteful spending, and stop it.
3: Pay off small debts with any extra money you have, DO NOT CONSOLIDATE LOANS!
4: Use money from paid off smaller debts, and apply them to larger debts, do not pocket the savings yet.
5: Apply all the money from paid off small and medium debts, to larger ones
6: Throw a party after your debt free, and never use debt to pay for anything again!

I have bought my house, and all cars with CASH, and I am not rich. It's called a savings account.

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