debt Archives - Page 2 of 5 - The Outlier Model

6 Financial Habits to Adopt When Paying Off Debt

paying off debt, financial habits, debt advice

Chonce Maddox / December 21st, 2016 / No Comments

Last week, I mentioned 4 reasons why you may not be able to pay off your debt as efficiently as you planned. Being in debt can be frustrating enough, but when you’re not making and progress it can really ruin your mindset. When it comes to paying off debt, mindset and habit are key. It won’t happen overnight, but it will as you commit to good habits. That’s why this week, I want to share some...

Posted in: Money Tagged with: debt, debt payoff, financial habits

4 Reasons Why You Can’t Get Out of Debt

get out of debt tips, debt freedom advice, paying off debt

Chonce Maddox / December 14th, 2016 / 1 Comment

Have you been wanting to get out of debt for some time, but can’t seem to make any progress? It’s no secret that paying off debt is definitely not a walk in the park. It’s much easier to get into debt than it is to get out. If you feel like you’ve reached a lull lately when it comes to paying off your debt, there may be quite a few reasons why you can’t seem to reach your goals. Here are...

Posted in: Credit and Debt Tagged with: coping with debt, debt, debt payoff, debt tips

What You Should Do Instead of Taking Out a Payday Loan

payday loan alternatives, other options to get a loan, loan options

Chonce Maddox / September 21st, 2016 / No Comments

Payday loans can be a real blessing and a curse. On one end, they provide quick cash that can help you get out of a financial bind when you have very little options. On the other hand, interest rates tend to be high and they can really set you back financially when you have to start paying back the loan. Payday loans are generally reserved for people with bad credit and therefore can’t qualify...

Posted in: Credit and Debt Tagged with: debt, payday loan, payday loan alternatives

Should You Invest or Pay Down Debt? 5 Questions to Ask Yourself

investment tips, pay down debt, debt tips

Chonce Maddox / July 7th, 2016 / No Comments

The age old question. Paying off debt and investing are both super important and crucial to do if you ever want to improve your finances. But which one is more important? And which should you prioritize? The answer to this question truly depends on a variety of factors including your current situation and your future goals. While I can’t tell you exactly which option to prioritize at this time...

Posted in: Uncategorized Tagged with: 401k, debt, debt freedom, invest or pay down debt, investing, retirement