This week, we’re talking about the importance of unloading your debt before you transition into retirement.

What would your life be like if you didn’t have debt? How much more freedom and flexibility you’ll have when your only monthly bills are utilities, groceries, and mostly discretionary purchases? How much would it grow your confidence in retirement, that you won’t run out of money, if you have no debt?

My guess is - A LOT!

How much more control would you have over your financial life if you had zero debt and committed to maintaining zero debt - we payin’ cash for everything now, baby!

Money is the biggest stressor for Americans, outweighing relationships and work on the stress meter. According to Northwestern Mutual’s 2018 Planning & Progress Study, 44% of us are stressed about money.

Unloading your debt isn’t just about paying cash for your car. Unloading your debt means less stress, more confidence and...better health as a result!

Tomorrow we’re going to recap the week, but today I ask you to have the courage to envision a life without debt. Go there. Let yourself hang out there for a while and see what it feels like. Then...get to work on the necessary steps to eradicate debt from your life. I laid out how you can get started in the earlier episodes this week. As one of my favorite authors, Mark Twain aso wisely stated: “The secret to getting ahead is getting started”.

If you’re ready to start reducing your debt, but you need some more guidance, I suggest picking up a copy of Dave Ramsey’s book - The Total Money Makeover. In my opinion, his step-by-step process for reducing your debt and improving your finances is the best method out there. If you’re not convinced that it works, just tune in to his radio program on debt-free Friday to hear callers do their debt-free screams. It’s powerful and encouraging!

That’s it for today. Tomorrow, we’re going to recap the week and I’m going to give you a little preview of next week’s theme.

My name is Ashley Micciche and this is the One Minute Retirement Tip.

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