Build Sustainable Wealth and Get Out of Debt

Wealth starts with getting rid of debt. Learn how to eliminate bad debt and maximize your cash flow.

Introduction

• A bird's eye view of getting out of debt
• Important accompanying worksheets

1. Steps to Building Sustainable Wealth

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

2. The 10-20-70 Rule

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

3. Analyzing and Prioritizing Your Debts

• The differences between good and bad debt
• Excel by investing in life insurance

4. Paying Off Your Bad Debt

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

5. Real-Life Examples

• The blueprint for paying off debt
• Money manager account information
• Freeing up more of your cash flow
• Managing more of your debts for ultimate payoff
• Paying off student debt
• How to use this blueprint to be most effective

6. Getting Out of Debt Demonstrates Discipline

• Save more money and build equity
• Should you use credit cards?
• Excel by investing your money wisely

Conclusion

• Taking your next steps