If I weigh 1000 lbs, my weight loss journey will never get off the ground
Same with your credit cards
One of the best ways to build wealth is something people don’t do.
B/c we don’t like to think about.
We just make small payments thinking we are doing the responsible thing.
I’m talking about debt.
More importantly…
Consumer debt. Like credit cards.
You’ll never build real sustainable wealth and security with credit card balances looming over you.
It not only siphons your wallet dry.
There’s the added hellish benefit of killing motivation.
Motivation to buckle up & pay it down.
I equate it to losing weight and getting healthy.
If I weigh 500 lbs vs 200 lbs, the motivation to start is brutal.
Seems pointless. I’m too far gone.
Same goes if my credit card balances are $50,000 vs $5,000.
The motivation to start seems fruitless.
That’s a load of stupid crap.
Grab a napkin and write this down…
List your credit card balances from smallest to largest (top to bottom).
Prioritize your spending to make regular payments to pay down the card at the top of the list with the smallest balance.
Once paid off…cut it up.
Onto card #2…
AND SO ON
It’s super motivating paying off the first card and burning it.
Just like it is losing the first 100 lbs.
Makes card #2, 3… that much easier.
👉🏼👉🏼 💸 Do you work hard as hell to simply pay the bills? And have little to show for it except being able to pay rent/mortgage, buy overpriced gas and food, with nothing left? Not even the ability to sit down for a movie and some popcorn without going into debt.
You are absolutely not alone!
Saving, investing, and building wealth is a way of life. The daily, monthly and annual decisions we make are everything toward our ability to retire, and retire early. This is what we talk about weekly on Working Wealth & Legacy Show.
We help thousands of people every day with simple easy tips, that stacked up over time will help you build wealth, not just income to spend on bills.
Jay Lieberman
Adoring Parent, Attorney, Radio Host, Realtor CA Lic #01874717 | NC Lic#341300
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