A man came up to me and asked “You can’t be debt free in 5 years or less if you own a home”. I said “Really, do you mind if I use you as an example?”
“This will be interesting” He responded.
“Can you save 10% of your gross income?” I asked.
His response was “If it means I will be debt free in 5 years absolutely."
The following is the sequence we recommended the client pay down their individual loans so to achieve the goal of being debt free in less than 5 years.
Read the full article: http://www.adviserratings.com.au/blog/2014/november/how-to-get-out-of-debt-asap/