Tackling debt

To be on a path to Vtsax and Chillax, make sure to reduce or completely eliminate all of your loans. Start by either paying off your smaller loans to get on track of reducing the number of loans you have or pay the highest interest loans first. Either way, any dollar going towards reducing your loans is going to get you on the right track towards financial independence.

Having 0 debt is absolutely crucial to be able to gain financial independence. If you don’t have any debt currently, please be cautious about adding debt that may be unnecessary. Debt for leverage in business I will totally back up. But debt for a sports car, my approval is not given, haha.

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