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Episode 3 – Budgeting for a Debt-Free Retirement

Show Notes

Ever wondered how to achieve financial freedom before retirement? This episode promises to arm you with the know-how to eliminate debt and secure your golden years. Join me, Kevin Bass, on Low Income Rich Life as we explore essential strategies like the avalanche method and the importance of assessing your entire debt portfolio. I’ll share personal anecdotes and practical tips that will help you cut unnecessary expenses and redirect savings toward debt repayment.

We’ll discuss the significance of creating a realistic budget that prioritizes debt repayment without compromising personal enjoyment. Learn how to identify areas where you can cut back, like dining out or unnecessary subscriptions, and how reallocating resources can make a huge difference. Whether you’re on the brink of retirement or still have some time to plan, this episode is packed with actionable insights to help you manage and reduce debt effectively, ensuring a more secure and fulfilling retirement.

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Don’t forget to visit our website at https://lowincomerichlife.com for additional resources, show notes and links to everything we discussed today.

You can also join the conversation in our Facebook group at www.facebook.com/groups/lowincomerichlife for more updates and retirement tips.

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Resources:

The Total Money Makeover Updated and Expanded: A Proven Plan for Financial Peace

by Dave Ramsey  https://amzn.to/3WQJlS7

 

The Total Money Makeover Workbook: Classic Edition: The Essential Companion for Applying the Book’s Principles

by Dave Ramsey https://amzn.to/4cBCxxo

 

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence

By Vicki Robin (Author, Narrator), Joe Dominguez (Author)  https://amzn.to/4fMyxgr

   

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Join the discussion by joining our Facebook Group at www.facebook.com/groups/lowincomerichlife

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