From the course: Build Sustainable Wealth and Get Out of Debt

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Developing a month-to-month system

Developing a month-to-month system

From the course: Build Sustainable Wealth and Get Out of Debt

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Developing a month-to-month system

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- Now we are ready for part two, to look at the month-to-month system. You want to have a system for this part because systems make things easy. If it's easy, the battle is almost halfway won already because things that are easy get done more automatically. You don't have to think about it as much, and that's a good thing. You want to make this as much of a habit as possible. Now, before we look at the actual process, I'm going to tell you you're going to stop making extra payments on all your debts. Just pay the minimum. I can just imagine all the alarm bells going off in your head right now. You're thinking, "I just got to pay extra somehow." That's okay, you will, and you will make progress faster by taking a breath and looking around to see what's really going on. You're not going to spend the extra cashflow you're used to sending in as extra payments, oh no. Instead, you're going to put it into a new checking…

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