First Day

Today we begin our journey in search of transformation. It is not always easy to talk about this subject that bothers us so much. Many times we prefer to escape reality and continue living in this routine of spending more than we earn, until the day of collapse arrives. I know it is not easy for you and your family, just as it is not easy for me. For months I have been trying to stop and organize my expenses, but I always end up leaving it for later. The procrastination is sinking me deeper and deeper, and I know that this will take me to rock bottom. But amidst emotional conflicts, I will find ways to organize myself financially with you. Together we will change our lives.

First step: 
If we want to get our accounts out of the red, we first need to know exactly how big our debt is. What are our debts and how much do we need to pay them off? It seems simple, but it is not. Facing our debts and accounting for expenses can be a bit of a drag for some people, but we won't get anywhere if we don't take the first step. 
So today's task will be to write down all of your debts (credit cards, mortgages, car loans, student loans, in short, all of your obligations that you have)

I will present some debts as example, so you will understand bette. Just like you there are thousands of Americans and immigrants mired in debt in this country. According to financial experts, the percentage of Americans in debt is around 80%. Well, if you think you're doing badly, you can be sure that there are people much worse off than you.

Credit Card Apple        Balance $2.539,68

Credi Card PayPal       Balance $1.853,78

Credi negativo Paypal  Balance $3.250,00

Amex B   Balance $ 1.332,86

Amex A  Balance $4.738,77

Car Loan 1  Balance $29.391,08

Car loan 2  Balance $19.872,84 

Urgent pay Credi cards: $13.715.09

We already have a clear idea of ​​our commitments, so we can now draw up a plan to organize our finances. Although there is no standard and each person or family has different realities, we can design a structure that fits into anyone's life.

According to the example given, this person has several credit card debts. We do not know their income and whether they are able to cover this amount each month, but let's imagine that for most of the population this amount has already accumulated and only the minimum amount is being paid. This puts these debts on the URGENT payment list. What would that be? All your debts that are overdue or that you were unable to pay in full in previous months will go into the Urgent Payment list. Also, two car loans of medium amounts. But at first, we will focus on just eliminating overdue debts and credit cards, later we will look for alternatives for loans( house, car, boats etc...) 

So now you know what to do. Take a paper and write down all your debts. This is the first step. Make the urgent list ( Credi card, overdue bills)

And remember, you need to eliminate them as soon as possible. If you don't have any debts, congratulations. You are part of a small group that is already at a higher level than us. But keep reading. There are still very valuable lessons to come.

Cred