How to Pay Off Debt - Episode 487

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Paying off debt can be a powerful step toward creating financial freedom. However, debt can feel overwhelming and crippling if you have lots of high-interest loans to your name. But don’t be fooled: you have the power to change your situation and pay off your debt—the financially intelligent way!

On this episode of Investing in Real Estate, you’re going to learn three critical steps to pay off your debt. You’ll discover the difference between good debt and bad debt, how to prioritize your payoff strategy, and how to increase your income so you can knock down your debts faster.

On this episode you’ll learn:

  • How to determine the difference between good debt and bad debt.

  • Three steps to pay off your bad debt.

  • How to determine if your student loans are good or bad debt.

  • Which debt to pay off first.

  • The power of creating a side hustle.

  • How to increase your income in order to pay off debt.

  • The importance of using good debt to buy performing assets while you pay off bad debt.

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If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.