Financial Independence: Steps to Break Free from Debt

The panel included Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Forbes Advisor; James Lambirdis: Founder and CEO of DebtMD; Beverly HarzogCredit Card Expert and Consumer Finance Analyst for U.S. News; Paulina Likos: Investing Reporter at U.S. News; Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Alicia R. Hudnett Reiss: CERTIFIED FINANCIAL PLANNER™; Todd Christensen: Education Manager at Money Fit by DRS; Alexandria White: Credit Cards Reporter at CNBC Select; Emily Pandise: Producer, Business/Tech/Media Unit, NBC News; Ryan Derousseau: Freelance writer, Journalist, and Author; Sara Rathner: Credit Card and Travel Expert, NerdWallet; Molly Ford-Coates: Founder, Ford Financial Management; and Tara Mastroeni: Freelance Real Estate & Personal Finance Writer.

Questions We Discussed:

Q1: What are some ways to be more organized with your finances?
Q2: How do you decide which debt to pay off first?
Q3: What are some tricks to help you stick to your budget?
Q4: What are some ways to get extra money to pay off debt?
Q5: What are some tips for negotiating credit card debt?
Q6: Should you pay off your debt or save for emergencies first?
Q7: What are some ways to help you track your debt repayment progress?
Q8: How does paying off debt affect your credit score?
Q9: What are some strategies to avoid getting into debt?
Q10: Any last-minute tips on becoming debt-free and reaching financial independence?

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