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

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Freeing up more of your cash flow

Freeing up more of your cash flow

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

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Freeing up more of your cash flow

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- Let's move on to the right now. You saw the in-laws are paid off month 26. Now, we move over from there and down. So, we can see the IRS get paid off and the three student loans, all the debts are paid off by month 41, about three and a half years in. We took another loan that helped pay this debt off and another chunk on student loan three in year three and after the debts are paid off, $6,257 a month of cashflow is freed up. That's now coming back over to the money manager account and to repay the policy loans that we took on the other side of the sheet. You can see that they are out of debt at month 41. When would they have been out of debt if they had just followed the snowball method? They would have been out of debt about four months earlier. It only took four months longer and they've been able to build an asset that's continuing to grow for them. Let's take a look. $6,257 comes into the money manager account…

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