Debt-free is the new American dream (Source: Shutterstock)
According to the latest data from the NY Fed, total consumer debt is now at an all time high of $13.2 trillion. That equates to an average of over $40,000 owed by every single American across mortgages, student loans, auto loans, and credit cards. So much debt can certainly feel overwhelming and helpless.
For some, debt-free has become the new American dream. However, many people have faced a mountain of debt and successfully climbed out, so escape is within reach. One such person is Marcus Garrett, who paid off over $30,000 in credit card and personal loan debt and now talks personal finance on the Paychecks & Balances podcast.
First an…
Read the full article at: https://www.forbes.com/sites/liranamrany/2018/08/02/how-to-kick-debt-to-the-curb-advice-from-the-experts/