Jade Warshaw

And I'm going to go ahead and pay minimum payments on everything.

but now I'm gonna take any extra margin that I can find and I'm going to hammer it at the smallest debt directly to the principal.

That is the only way to pay off credit card debt because many times the minimum payment alone is barely enough to satisfy the interest.

And I tell people all the time, anybody struggling with debt, going back to the numbers, it really is.

There are two things that you can do to get out of debt and you can do them individually or you can do them simultaneously.

First one is you've got to cut back on spending.

And I know emotionally that means different things for different people.

And thing number two is increasing income.

Those are the two things you do them together.

It is a match made in heaven.

I'm cutting back on what I spend.

So my outgo is less.

But now I'm increasing my income in multiple ways.

So my my ingo is my income is more.

And so that is it is in its simplest form.

That is how you get out of debt.

It sounds a lot simpler said than done.

Ah, great.

Thank you, Mike.

This was a good conversation.