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She insisted a debt-free existence is possible for almost anyone andis your best bet to becoming wealthy.
Her advice: pay off small amounts first to gain momentum.
The result is financial freedom and flexibility.
Stop Eating Out
Cruze revealed thatdining out sometimes busted her budget.
And shes likely not alone.
Foodsstudy, as of 2024 Americans spent an average of $191 a month dining out.
Thats nearly $2,300 a year not exactly healthy for the bottom line.
Cruze advocated paying it off early, which will be extremely financially liberating and dramatically increase your net worth.
She said that most people find they can do it within 10 years if they are dedicated.
Use a mortgage payoff calculator to help strategize.
Never Compare Yourself
Theres a saying that comparison is the thief of joy.
Cruze believes comparing your lifestyle to others can also be the thief of wealth.
Its vital to wealth building since you cant save or invest until these are met.
Cruze said to adopt a long-term mindset instead.
Understand that becoming wealthy is usually the result of consistent and enduring smaller investments that grow over time.
And if thats an unattainable amount to hit now, make it a goal and start working toward it.
Keep in mind, however, she suggested becoming debt-free and building a six-month emergency fund first.
This is free money.
If you still have money to invest, contribute to an IRA or other retirement savings vehicle.
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