It was an “aha” moment.
I’m working with an attorney client and, currently, we’re prioritizing paying off some of his debt.
We all know paying off debt is a good thing, but here’s some unexpected benefits that have occurred:
– paying off each debt eliminates a monthly payment and therefore creates more money that can be used elsewhere
– a sharp increase in credit score
– receiving much lower interest rate offerings from student loan refinancing companies
He gets it now – paying off debt has a tremendously positive ripple effect!