Debt Stacking

How To Get Rid Of Bad Debt Using Debt Stacking

Debt Stacking

By taking into account the interest rate and amount of debt, debt stacking identifies a way for you to pay off your debts. You begin by making consistent payments on all of your debts. The debt that debt stacking suggests that you pay off first is called your target account.

When you pay off the target account, you roll the amount you were paying toward your next target account. As each debt is paid off, you continue this process.

Debt stacking allows you to make the same total monthly payment each month toward all of your debt, and works best when you do not accrue any new debts.

You continue this process until you have paid off all of your debts. When you finish paying off your debts, you can apply the amount you were paying towards your debt toward creating wealth and financial independence!

Debt Stacking Excel Template

I have created an Excel Template for you to download. This template will help you enter your credit card debt details, and show you how you can get rid of the same in 12 months or less.

About the Author Amit

Amit is an Independent Financial Advisor, based in Dubai since 1997. He is part of the prestigious ‘Million Dollar Round Table’ (MDRT), which is an elite club of the best financial advisors worldwide. He has authored the ‘6-Step Financial Success Guide’, and the book ‘Creating, Preserving, Distributing Wealth’. He helps business owners and professionals ‘Create A Second Income’ through investments.

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