Kelly Shores, AIF®’s Post

The world of personal finance, debt, and debt management are so much a part of life that it can be argued we are desensitized to the impact of having debt. It is also no secret that people are accumulating more debt than ever before. Let’s take control of your finances together!

Finance Word of the Day - Debt Debt is a term used to describe something, usually money, owed by one party to another. It is a common tool used by individuals and companies to make large purchases that may not be affordable otherwise. While it can be helpful in the short term, it's important to remember that debts must be repaid, usually with added interest. Understanding debt is crucial for anyone looking to manage their finances effectively. By knowing the ins and outs of debt, you can make informed decisions about when and how to take on debt, as well as how to pay it off responsibly. Stay tuned for more Finance Words of the Day to help you stay on top of your financial game! #Finance #Debt #FinancialLiteracy

Debt can be useful in many situations, like when buying a house or a car. But it is not the way to pay for daily expenses. Read this article to understand sound approaches to managing debt.

Don't forget to Pay Off High-Interest Debt. High-interest debt, such as credit cards, can rapidly pile up and become overwhelming. Prioritize paying off these debts first, while continuing to make minimum payments on your other obligations. Know more about finance!

Here’s a quick and easy way to say goodbye to high-interest-rate debt, save money, and enjoy a more-personalized experience. Check out how you can take control of your debt.

Debt is the first and most important pillar of capitalism. In fact, the entire capitalism is built and expanded on debt.

Feeling overwhelmed by various debts? Debt consolidation might be the answer. Discover how it can simplify your finances and ease your burden! #NewYork #AccountingServices #DebtManagement

Struggling with debt? Find out how debt management programs can help you regain control of your finances. Read More: https://lnkd.in/dVuCvfec #debtmanagementprograms #financialfreedom #debtfreejourney #FinancialStability #creditcounseling #DebtReduction #budgetingtips #FinancialLiteracy

Know this before taking debt!! the 20 10 rule tell you about debt? The 20/10 rule of thumb is a budgeting technique that can be an effective way to keep your debt under control. It says your total debt shouldn't equal more than 20% of your annual income, and that your monthly debt payments shouldn't be more than 10% of your monthly income.

Here are 5 ways how you can reduce your debt :- 1) Create an effective Budget 2) Prioritize High-Interest Debt 3) Consider Debt Allocation 4) Contact your Creditors 5) Seek Professional Help Wish to create a Debt free portfolio? Contact us for a complementary consultation. #InvestmentOpportunity #budget #assetallocationstrategy #debtallocation #creditors #onestopnriadvisory