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Another goal is to eliminate all of your consumer debts including your mortgage by the time you stop working? Started focusing on getting out of
Another goal is to eliminate all of your consumer debts including your mortgage by the time you stop working? Started focusing on getting out of debt in December 2021. Based on you're the current way you're paying off your debt, you will be debt free in 80 months with is June 2028. Using the debt stacking method, how soon can you become debt free? Date: Year: MONTHLY BILL CURRENT BAL PAYMENTS PAY OFF STUDENT LOAN $30,000 $375 80 MONS BANK LOAN $10,000 $125 80 MONS CREDITCARD 1 $5,000 S190 27 MONS $18,500 $395 CARLOAN 47 MONS $95 77 MONS $7,250 CREDITCARD 2 CREDITCARD 3 $50 41 MONS $2,025 CREDIT CARD 4 $3,000 $200 15 MONS TOTAL DEBTS $75,775 $1,430 If you start eliminating your debts in the month of December 2021, how long would it take you to become debt free by using the Debt Stacking method? Date: . Once you have eliminate your debt, if you was to invest each month your debt money in mutual funds, receiving a 8% retum in interest per year for 20 years, how much money would you have accumulated
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