I AM SO EXCITED!!!!!! I was wondering around Google the other day when I ran into an article from Essence Magazine titled, "The Best Financial Advice I Ever Got"! It's just a PERFECT addition to my best series postings and I'm ecstatic to bring it to you (can't you tell?) ;-)
As if you need any introduction, here's what the piece is about:
Essence asked readers to share the best financial advice they've received and how they used it to build wealth.
Here's tip #1:
"Several years ago I became my own financial planner. It took two years of focus for me to wipe out $12,000 in credit-card debt. I lined up all my credit cards and began by paying off the one with the highest interest rate first. Once that card was paid in full, I applied that payment to the next card until they were all paid off. Today I'm debt-free. I avoid credit cards and have excellent credit. My motto is, if I can't pay for it in full, then I don't need it."
That's a motto we should all live by!!!
And if you must use credit cards, be sure you know the eight commandments of credit cards.
Comments