You can wait. You can watch… but you’ll never reduce your credit card debt this way. And part of “monetizing your niche” is having a plan to get out from under the financial burdens you feel are holding you back from “pursuing your passion for profit.” The process I put into practice was created by Dave Ramsey, author of The Total Money Makeover. It’s called “The Debt Snowball,” which frankly runs counter to most financial advice. Ramsey says you DON’T pay off your credit cards evenly, or the highest one first, or the one with the highest interest rate. Instead, list your credit cards from smallest to largest, make the minimum payments on all but the smallest, and attack that one with a vengeance with whatever extra cash you can bring to bear on it. Like trying to lose weight, Ramsey’s method gives us small wins, psychological satisfaction when we look in the mirror, and renewed energy to make better business decisions and more sales. The Debt Snowball is just one wealth building strategy by Dave Ramsey as discussed in the February issue of Success. Just wait... and watch yourself lose debt!
The Wait Watchers Guide To Reducing Credit Card Debt
Written by Jim AlvinoLatest from Jim Alvino
5 comments
-
Comment Link
Wednesday, 07 March 2012 03:32
posted by
tag heuer formula replica
Your article is great , I read your article to learn a lot and hope to see your next article, look forward to your masterpiece, you can also see our ball gowns information, I hope it can give you You some convenient
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
-
Comment Link
Wednesday, 07 March 2012 03:31
posted by
http://www.xiliwatches.com/luxury-replica-tag-heuer-formula-1-slr-golf-cb524.html
Your article is great , I read your article to learn a lot and hope to see your next article, look forward to your masterpiece, you can also see our ball gowns information, I hope it can give you You some convenient
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
-
Comment Link
Wednesday, 02 June 2010 06:21
posted by
ann philip
your page is looking awesome! anyway, i just found some useful stuff here
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
-
Comment Link
Monday, 15 February 2010 07:01
posted by Nancy Hoffman
This makes great sense! I like the idea of small wins and I'm sure it would make the process of getting out of debt much more bearable.
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
-
Comment Link
Monday, 15 February 2010 07:01
posted by
Nancy Hoffman
This makes great sense! I like the idea of small wins and I'm sure it would make the process of getting out of debt much more bearable.
This e-mail address is being protected from spambots. You need JavaScript enabled to view it