Page 9 - eBook
P. 9

LESSON 2

                                                   DEBT














             If your goal is to drive a Mercedes, then set tasks that you must complete before
             obtaining your dream car. Do what you have to do now, and you won't be
             'trapped' in the future. If you're older and already have a mortgage and a family,

             I know it's harder to live below your means. But there are things you can do to
             help your situa�on. First, I will explain how you can help yourself live below your

             means with my credit card bill trick! Then we will discuss why it's beneficial to
             pay the debt down faster.




                 CREDIT CARD BILL TRICK!




             Here’s a simple trick. Let’s find out how much money you spend on coffee.
             Take out your credit card statement and get a highlighter. Highlight every
             coffee purchase for this month. Bring up the calculator app on your phone and

             start adding! Coffee at Tim Horton's coffee costs $2. $2 for 30 days is only $60.
             But guess what! To my surprise, I had spent over $300 at the coffee shop.



             That's $3,600 for the year! The reason is upselling! When you go to the coffee
             shop, you feel like ge�ng a donut and a hash-brown when you've

             already had breakfast. These expenses add up. By pu�ng in the
             work to make your coffee

             every morning, you can
             save a lot of money.





















                                          Sankeethan Ratneswaran – 2021 Copyright                                      09
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