dnlgarnett
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Joined: 11 Nov 2010
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| The top 3 ways to become debt free: Tip #1 |
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Hey all,
I am new to this forum so I just wanted to say hi and also provide some value. I am going to do a series of 3 short posts each with 1 tip for getting out of debt. This comes from my experience as a former licensed financial consultant 
How to become debt free tip #1:
We all know that money flows, but do you know how your money actually flows? The term for this is called cash flow: Quite literally the flow of cash. One of the biggest things you can do is fill out an income statement sheet so you can see exactly where your money is going.
Treat your finances just like a business would. Remember, you cannot fix what you do not know. If you are in debt then you need to first find out why before you try and fix the problem.
You can find many income statement templates on the net for free.
[edited]
Cheers!
Daniel
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