Here is the 1st part of the video on dumping your debt by Dave Ramsey. He is a financial author who introduce the concept of debt snowball debt reduction method. Please watch these videos. I’m giving you here the first video for you to watch here.
And before you implement debt snowball debt reduction method, you shall do these things too:
1. Quit borrowing quick money i.e. credit car
2. Save money and create your reserve fund
3. Pray to God
4. Sell something
5. Do part time job
6. Apply debt snowball debt reduction method
It is interesting when Mr Ramsey said that we will eventually become poor or rich and it is the matter of time. Whether we’re choosing the path of the rich or the path of the poor. And to get out of debt it is a path of the rich. Thus, do what the rich people do in managing their money and debt!
Here are the other 8 parts of the video
Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9
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Good info and interesting issue try to find the solution???
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