E84 Debt Management 101: Questions to Ask Before Taking a Loan & How to break the loan cycle
Description
Download Free Excel 20 Year Projection Template: https://shorturl.at/oQdNJFree Budget Template: https://shorturl.at/jpxEcBuy Full Year Budget Template: https://selar.co/24msw2🍿 WATCH NEXT:====================Creating an emergency fund: https://youtu.be/2cakx-vUvkgMaking your first Budget: https://youtu.be/ckgJHWPDBgYCHAPTERS:====================00:00 Intro02:15 Why are you in debt?03:18 Managing your pride03:36 Borrowing Money for Business04:00 Solving the income problem04:31 Solving the spending problem04:56 Solving the emergency problem 05:20 Borrowing from friends & Family06:05 Borrowing from Banks06:33 Questions to ask before taking a loan07:28 Loan Compounding example08:10 Reducing Balance09:20 Lump-sum Payback terms10:26 Loan extension terms12:22 Questions to ask yourself13:30 Methods to pay back debt15:07 Making a budget15:30 Overcoming resistance17:59 Community Offer📱LETS CONNECT:====================📷Instagram: https://www.instagram.com/personalfinancecoffee/
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