Manage episode 272442270 series 2786297
Paul Lawrence Vann provides expertise and shares wisdom to the Wealth Academy Podcast community on the importance of being debt free. It doesn't matter how much money you earn, what is most important is how you allocate your financial resources and part of the process is focusing on becoming debt free.
The starting position for most wage earners and entrepreneurs is to know where you stand as it pertains to the debts and assets you have today. Vann Host Vann encourages listeners to get out a notepad and write down what your assets are and your debts and subtract them and it will provide you with a quick look at what your current net worth is.
Goal number one is to make a commitment to wipe out all of your debt, one bill at a time. Look at your list of debts and target the lowest bill that needs to be paid and pay it off and then move on to the next one. Once you pay off each bill it's going to bring you closer to your ultimate goal and you guessed it...become debt free.
By paying off your debts you will automatically improve your credit score and it will position you to get better rates on a loan, a vehicle or house and or invest in real estate or other investment instruments.
Tune in, listen in and encourage your friends, family, and colleagues to listen to Wealth Academy Podcast with host Paul Lawrence Vann. They can listen at www.wealthacademypodcast.com
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Contact: Paul Lawrence Vann (800) 341-6719 or firstname.lastname@example.org