Build Sustainable Wealth and Get Out of Debt

Course details

It doesn't matter how you got into debt. What matters is how you're going to get out. It can feel like you're at the bottom of a deep well with no way out. You still have expenses to pay—so you feel like you're only tunneling deeper. But it's not an impossible situation. Eliminating debt starts by changing the spending habits that landed you here in the first place and developing new, positive money habits. In this course, you can learn time-tested tips and put a clear plan in place to accelerate the process of building wealth. Find out how to protect what you have, save what you earn, and pay off the bills you owe, using practical techniques, rules, and worksheets. See real-life examples featuring scenarios such as student and medical debt. Plus, discover how to build your financial savviness and shore up your future by investing funds wisely.
This course was created by WealthFit. We are pleased to host this content in our library.
Topics include:
Protecting what you have
Saving and building liquidity
Eliminating debt
Using the 10-20-70 rule
Prioritizing debts
Using a debt worksheet to pay off and restructure debt
Real-life examples to pay off debt
Using credit cards
Investing your money wisely

Concepts

0. Introduction

01 - A bird's eye view of getting out of debt
02 - Important accompanying worksheets

1. Steps to Building Sustainable Wealth

03 - The multistep overview of how to build sustainable wealth
04 - Protect what you have and own
05 - Saving to bring a return on your money and build liquidity
06 - Setting up your savings to make money for you
07 - Excel by eliminating debt and building equity
08 - Investment can be a risk to your living wages

2. The 10-20-70 Rule

09 - The purpose of the 10-20-70 rule
10 - Putting 10 of your income to savings
11 - Alloting 20 of your bracketed income to creditors
12 - Choosing 70 of your living wages to go toward living expenses
13 - Alternative ways to break up your income

3. Analyzing and Prioritizing Your Debts

14 - The differences between good and bad debt
15 - Excel by investing in life insurance

4. Paying Off Your Bad Debt

16 - Downloading and using your debt worksheet
17 - Using your 10-20-70 worksheet
18 - More information on the 10-20-70 worksheet
19 - Snowball vs. avalanche debt payoff strategies
20 - Using the perpetual wealth code method to excel
21 - Considering the use of the emotional component
22 - Developing a month-to-month system
23 - Making sure you are protected
24 - Excel by building out your emergency fund
25 - Tips for debt restructuring

5. Real-Life Examples

26 - The blueprint for paying off debt
27 - Money manager account information
28 - Freeing up more of your cash flow
29 - Managing more of your debts for ultimate payoff
30 - Paying off student debt
31 - How to use this blueprint to be most effective

6. Getting Out of Debt Demonstrates Discipline

32 - Save more money and build equity
33 - Should you use credit cards
34 - Excel by investing your money wisely

Conclusion

35 - Taking your next steps

Build Sustainable Wealth and Get Out of Debt

Authors

WealthFit