Generational Credit Solutions

Financial success isn't that hard. Dedication, hard work, and a little old-fashioned commitment will get you there.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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But it also takes a little knowledge, because too many ppl are ignoring their money truths.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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You run up large amounts of debt just to appear successful to others. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
You surround yourself with things that only make you feel better for a minute.⠀⠀⠀⠀⠀⠀⠀⠀⠀
You ignore the fact that living debt-free and managing your money will eliminate stress!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, what do you need to do to become financially successful?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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First, you need to spend less than you earn. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Sounds easy, but it really isn't. It is easier to spend less than it is to earn more. You simply have to cut your costs. You have to stop charging your credit cards and you have to stop shopping. Stop using those cards and start paying them off! They are draining the life out of your finances on a daily basis. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Look closely at where your money is going. You have to have/create a budget and stick with it. Budgets don't tell you how to spend your money, they tell you how to save your money. You can easily see where your money is going and identify areas you can cut back on and then set spending goals. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If you are severely in debt, you may need to get a second job and sell some things to get a head start. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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You should be contributing to a retirement plan. Research your options and take advantage of them. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Start now. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Financial success isn't difficult. It is simply a habit that you have to nurture and maintain. Take the time to sit down and get started. Work on it until it becomes second nature. The more you work on it, the better you will become at it.

It is a sad fact of life that credit card companies are very willing and fast to slap a penalty charge on your account for every mistake. These penalty charges can amount to millions of dollars taken from consumers each month. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Never forget that credit card companies are, at the end of the day, a business.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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However, if you look at the entire situation from the point of view of the credit card company you must know that all they want from you is:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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to keep your card safe, ⠀⠀⠀⠀⠀⠀⠀⠀⠀
to stay within your credit limit, ⠀⠀⠀⠀⠀⠀⠀⠀⠀
to make at least your minimum payment (always pay more if you can), on time every month. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, if you manage to do these simple tasks you will avoid ever incurring a penalty on your account.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Taking these few simple steps can mean you are virtually never subjected to credit card penalties.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Got questions? Drop them in the comments below 👇🏻

Do you know that it takes on average between 25 to 30 years to pay off your credit card paying the minimum payment?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This will not do. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, here is what you can do to power down your debt:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Make a list of all of your credit cards including all consumer debt such as doctor bills, furniture stores, and your home.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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List the following in columns: ⠀⠀⠀⠀⠀⠀⠀⠀⠀
the type of credit card⠀⠀⠀⠀⠀⠀⠀⠀⠀
principle amount⠀⠀⠀⠀⠀⠀⠀⠀⠀
regular payment amount⠀⠀⠀⠀⠀⠀⠀⠀⠀
power down payment ⠀⠀⠀⠀⠀⠀⠀⠀⠀
interest rate⠀⠀⠀⠀⠀⠀⠀⠀⠀
total number of payments left on the card ⠀⠀⠀⠀⠀⠀⠀⠀⠀
estimated payoff date⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Put your list in order of how many payments are left from least to most. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If you make a minimum payment of $55/month on one of your cards until it is paid off in full, you then have $55/month freed up to add to the minimum monthly payment for the next credit card. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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After you pay off the second card, the amount you were paying on that one can be applied toward the third card. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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By doing this, you will decrease the number of years required to pay off your credit cards from approximately 30 years to nine years.