Part 3 of your Debt Diet is re-paying your debts. Sounds simple, but so many entrepreneurs do not realize this. Some ways to do this are:
- Reduce your interest rates.
- Learn your Credit Score and what it means. (perfect is 850)\
- Cancel high interest rate credit cards.
- Re-finance any loans with a very high interest rate.
- Consolidate loans or bills.
- Make sure your business is not paying late fees.
Once you do these things, put as much extra cash (which you will have if you have taken step 2 STOP SPENDING!) towards these bills until they are paid off.
Your business will have more money, and you will be less stressed causing you to be more successful! Good luck and keep me updated on your progress!
Comment Preview