How to Save Cash and Pay Down Your Debt
If you are looking for a 'secret magic formula' to solve your financial problems or a quick ‘money making machine’ to pay off your debt in the next ten minutes, I will say you better skip this blog post.
However, if you are looking for some tried and tested formula to save money based on real-life experiences, then this is the perfect post you must not miss out.
Pay off your mortgage
Build up wealth by investing in some systematic investment plans (SIPs) or stocks. Which stock is right for me? Anyone can buy and sell stock, but few only make the profit and grow their wealth. I also encountered these catch-22 situations when I thought of getting started with stock trading a few years ago, but thankfully Motley Fool Offers did wonders for me. After five years, I sold out half of my stocks and the value helped me to offload part of my home mortgage principal amount. So far, stock earning has enabled me to curtail my premium-paying term from 20 years to 18 years.
Pay off those credit cards
Reduce your phone, cable TV and Internet bill
Plan for a Emergency Fund
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