Can anyone please tell me what they are.
I wanted to buy it, but we are broke, gee, imagine that:)
2006-10-29 10:13:35 · 3 answers · asked by cottoneyejoe 2 in Business & Finance ➔ Personal Finance
His basic idea is to make the most payment that you can on all your debts every month. Also, choose the smallest debt balance & pay twice as much on it or more every month until it's paid off. Then when it's paid off, take that payment how much ever it was & apply it to the next smallest debt that you have until it's paid off. You get the debt paid quicker & it gives you the feeling that you're accomplishing something easier. Keep at it faithfully applying each additional payment to all your debts until everything's paid off. Also in the mean time, begin living a very frugal lifestyle.
Step 1: Save up $1,000 to start an “Emergency Fund”
Step 2: Pay off all debt (except the house) using the “Debt Snowball” (smallest to largest)
Step 3: Save up three to six months of expenses in savings
Step 4: Invest 15% of your household income into Roth IRAs and pre-tax retirement accounts
Step 5: Save up college funding for your children
Step 6: Pay off your home early
Step 7: Build wealth and give! Invest in mutual funds and real estate.
2006-10-29 10:24:55 · answer #1 · answered by Bluealt 7 · 3⤊ 0⤋
this site can help you: http://www.mdmproofing.com/iym/babysteps.shtml
2006-10-29 11:55:36 · answer #2 · answered by Markin Gomez 3 · 0⤊ 0⤋
liberal illusions
2006-10-29 10:15:18 · answer #3 · answered by debater 1 · 0⤊ 2⤋