11 months in on my student debt paying goal ✅

Let’s have a recap🤝

January 1st: Owed $36k💵💵💵💵
November 5th: Owe $5.7k 💵

A cool $31.3k paid in 11 months

👇🏻Why? Here’s why👇🏻
1.) Free up Cash-Flow Early

Eliminating debt early, substantially decreases your monthly expenses.

This allows for more cash to flow to appreciating assets leveraging your best ally. TIME.

Cut corners now and squeeze that extra payment in NOW
2.) Debt-to-Income Ratio

For anyone interested in purchasing a house or a car, this is a metric lenders take into consideration when offering you a rate and loan

More income and no debt, will help get you a better rate
3.) Peace of Mind

Mentally, debt can be a tremendous burden

Making those monthly payments may feel like you’re spinning your tires, but going nowhere

I’m ready to remove this weight off my back
These are my WHYs for early debt elimination

Paying early:

• Frees up Cash-Flow
• Help with future Lending Rates
• Removes Mental Burden of Debt

What are yours?
Happy Friday folks, and keep paying down that debt!

@BWPFinance
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