hi there...your young...I AM TOO (24 YEARS OF AGE AND SELF-EMPLOYED TOO)..and DISCIPLINE IS THE KEY.
HERES A LITTLE SOMETHING DIFFERENT AND EASY...SINCE YOUR YOUNG.
#1 JOB IS TO INCREASE YOUR CASH FLOW.
- You shouldnt have more debt than you take home every month!!!
- Chop up your macys and best buy card now...
- Stop using cards
- No loans - think about how you will end up having to start worrying about paying that off.
#2 You do need debt mgmt. Pay down your debt and you will INCREASE YOUR CASH FLOW. Which you then in turn will be able to put money away for your dreams/ goals....retirement? dont forget that.
-***Remember you don’t need to wipe it all away fast…discipline yourself by paying it off with the $ you will be getting and also using the $ for emergency funds, retirement, short term goals.
#3 PROTECTION
#4 investments - once you start from #1 and then down then you can invest the right way...
and # 1 should be protection but your young so just work on your discpline with debt mgmt to increase your cash flow.
What do you pay a month to CC?
Do you have any assets?
Hope this helps
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