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Develop a strategic plan for paying off debt and increasing your savings from "summary" of Financial Freedom by Grant Sabatier
To achieve financial freedom, it is essential to have a clear and well-defined plan for managing your debt and increasing your savings. Without a strategic approach, it can be challenging to make progress towards your financial goals. Developing a plan involves assessing your current financial situation, setting specific goals, and outlining the steps you will take to achieve them. The first step in creating a strategic plan is to take stock of your current debts and savings. This includes gathering information on all of your outstanding debts, such as credit card balances, student loans, and any other loans you may have. It also involves calculating how much you currently have saved in various accounts, such as retirement savings, emergency funds, and other investments. Once you have a clear understanding of your financial situation, the next step is to set specific and achievable goals for paying off your debts ...
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