Friday, January 14, 2022

Tag Archives: How to Get Out of Debt

My Guide to Getting Out of Debt With Proven Methods and Smart Ideas

The highly respected and well-regarded financial expert Ray Dalio had published a video back in 2018 about his Principals for Success. What utterly amazed me was how much he says also applies to people trying to get out of debt or dealing with bad debt. I’ve embedded the video above, but here are the key messages in the video that …

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Gambling Has Ruined My Life. I Don’t Know What to Do With My Debt?

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Question: Dear Steve, I just got separated from active duty, but I gambled through the funds I earned through that time (April 2021-August 2021), so I basically have nothing $8,000 in owed on Credit Card Nearly $8,000 for an auto loan Can’t afford car insurance Personal loans ( 2) both in the amount of $2,000 Payday loans ($1,089, and $850+) …

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Is Using Your 401K to Pay Down Debt a Good Idea

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You have debt. But you’ve also got a stash of cash in your 401(k). If you’re feeling overwhelmed by high-interest credit card balances, a student loan, and/or an auto loan, you might think taking money out of your 401(k) is a good way to pay down that debt and get it under control. But is withdrawing money from your 401(k) …

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