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

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Managing more of your debts for ultimate payoff

Managing more of your debts for ultimate payoff

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

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Managing more of your debts for ultimate payoff

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- Let's look at another success story. Here we have a bunch of debts listed out and something special. See a few of them are 0%? There are some notes right next to it here, that says these are 0% offers, they are going to be expiring various times fairly soon. Then also down here, you notice that there are several Lowe's debts. These are Lowe's credit cards, we've combined them all into one line here and averaged out the interest rate, proportional to the balance and the interest rate for each one of the four individual cards. So overall, the real total of the debt that's represented here is just over $90,000 and the actual payment cashflow total overall is $1,797 per month. Here's the 10-20-70 worksheet. You can see that $1,797 of debt payments right here. You can see the term insurance, group insurance, their living expenses and the 401k contributions, but they don't have an emergency fund. They want to start and…

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