Everything You Need to Get out of Debt in 90 Minutes

Examine your finances by calculating net worth with net worth statement and reviewing credit card, loan, and mortgage statements to understand debt types, retirement savings, interest rates, and minimum payments.

Calculate your net worth by assets minus debts, with assets including cash, real estate, investments, and retirement accounts. Follow three steps: add assets, add debts, subtract to see your position.

Rank the seven debt types from worst to least worst and explore how debt can either damage finances or fund growth, from payday loans to mortgages and education.

Read your credit card statement to identify the lender, debt type, current balance, minimum payment, due date, and interest rates, then input these details into the debt repayment calculator.

Learn how to read mortgage and loan statements to extract balance, interest rate, due date, and fees, and input this data into net worth tracker to generate a repayment plan.

Enter all your non-mortgage debt data into the non-mortgage debt tab in the net worth statement workbook to drive your debt repayment plan and monthly budget.

Enter your mortgage information by inputting balances for each loan, then calculate the total mortgage debt, and enter non-mortgage debt and assets, including retirement accounts, to review your net worth.

Learn to calculate your net worth, track it over time, and build a debt repayment plan to increase assets, save and invest, and become debt-free.

Develop a game plan to pay off debt within your timeframe using goal setting tab, and use the proven custom debt repayment calculator to set monthly payments for each debt.

learn the snowball method: list debts from smallest to largest, pay minimums on all but the smallest, then pay it off and repeat; contrast with the avalanche method.

Master the avalanche method for debt repayment: rank debts by interest, pay minimums except the highest, then aggressively pay it off before moving to the next.

Compare the snowball and avalanche debt repayment methods, emphasize budgeting, spending discipline, and building an emergency fund to stay on track toward a debt-free life.

Use the debt repayment calculator to generate a customized debt free plan, choosing snowball or avalanche methods, calculating monthly payments, payoff months, and total interest within your target years.