SIMPLE MONEY SYSTEMS II Christian Money Management, How to Budget, Manage Money, Pay Off Debt, Save Money, Personal Finances, Money Tips, Special Needs Budget, Build Wealth, Down Syndrome

89 II The Home Equity Trap - Learn Why Borrowing To Pay Off Debt Could Sink Your Finances


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Borrowing against your home to pay off credit card debt sounds like a good idea – until it isn't. The key to true financial freedom isn’t wiping out debt, but changing the habits and systems that created it in the first place.

Friend, if you’re considering using home equity to pay off credit cards, ask yourself: What happens if this doesn’t work? Because you don't want to end up in an even deeper financial hole. Many people consider using home equity to pay off credit card debt. It sounds attractive because it’s a financial move when you can pay off your credit cards and start a fresh, but really? Let's find out if it's really a good idea and what the strings are attached to borrowing money from equity to pay off credit cards.

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Links & Resources:

✔️ DEBT-FREE MONEY METHOD: apply for 6-week program at https://dianagalas.com/course 

✔️ FREE MEAL PLAN WORKBOOK: download now at  https://dianagalas.com/mealplan

✔️ FREE PRIVATE COMMUNITY: become a member of a Simple Money Systems Facebook group 

✔️ NEWSLETTER: join Simple Money Systems weekly news https://dianagalas.com/newsletter

✔️ TAKE WEALTHY QUIZ: discover your financial strengths and growth areas https://dianagalas.com/wealthy-quiz 

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SIMPLE MONEY SYSTEMS II Christian Money Management, How to Budget, Manage Money, Pay Off Debt, Save Money, Personal Finances, Money Tips, Special Needs Budget, Build Wealth, Down SyndromeBy Diana Galas - Debt-Free Budgeting Coach, Special Needs Mom

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