Cut up your credit cards
Cut up your credit cards. You don’t need them. When is the last time you went out to purchase something with cash and they ran your credit? Never. Credit cards are the number one thing that is going to keep you from financial success. The average american carries $7,500 in credit card debt. For those of you who say you need your credit card in case of emergency, no you don’t. Save $1,000 to act in place of your credit card. After you save that money it’s time to set up your emergency fund. This is 6-12 months of income to act in place of income in case you lose your job so you can still mantain your current lifestyle. Pay any remaning debt this includes car loans, student loans, etc. Once you’ve saved and paid as mentioned about your ready to start investing. No need to invest money in the market your not sure is actually going to make money while you still owe creditors.