Courtney Wiley

My Journey Out of Debt Step #7: Pay Off Your Mortgage Early

Did you know that the vast majority of self-employed millionaire businesswoman (98%) are home owners? Not only that, but about one in three (34 percent) has a ZERO mortgage balance! One in five has a balance under $100,000, and only 4 percent has a balance of $500,000 or more. (SOURCE: Stanley, Thomas J., Millionaire Women Next Door, […]

My Journey Out of Debt Step #5: Grow Your Emergency Fund

If you’re breezing through the steps and have numbers 3 and 4 checked off, you’ve built up some serious momentum. But don’t stop there. Now it’s time to stockpile your emergency savings! Over the years, financial pundits have gone back and forth on how much money constitutes a fully-funded emergency fund. I’ve consistently read that […]

My Journey Out of Debt, Step #4: Debt Snowball

Once you’ve cut up your credit cards and tucked away $1000 for your mini emergency fund, you’re ready to start your debt snowball! Many financial experts dub this method “The Debt Snowball” because in the same way that a snowball rolling down hills gets bigger and rolls faster, the money available to pay off your debt begins to accumulate as each debt is paid.

My Journey Out of Debt, Step #2: Tell Your Cash What to Do

Image courtesy of Shutterstock It’s sometimes considered a curse word in many households today: the dreaded budget. I know, I know . . . you’re probably rolling our eyes because you think it takes too much time, doesn’t work, whatever the excuse du jour. But that’s because you’re probably in the 60% that doesn’t use […]