Nicole Lapin

And when I finally got out of it, it changed my life completely.

and my mission.

It is why I do this show because compound interest is no joke.

It can work against you in the case of debt and it can work in your favor in the case of investing.

I would much rather see you on the wealth building side of the compound interest equation.

So if you're in high interest debt today, let's make a plan.

First,

Start with your APR.

Know exactly what you're paying.

You can't fix what you can't see.

So step one is simple, but it's really powerful.

Pull up your most recent credit card statements and check the APR annual percentage rate on each card.

You'll often find it in the fine print on page two or three of your statement.

The average credit card APR right now is over 21%.

but yours could be higher or lower.

Remember, depending on your credit score, what matters most is the order.

Which card is charging you the most interest every month?

That is the one that we're going to target first.

This is also where you figure out how much of your monthly payment is going toward interest versus actually reducing your balance.

And for many people, that number is so, so frustrating, but it's also so motivating.