The Journey to becoming debt free is long especially if you have a mortgage. One payment at a time, and the timing of when the payment is placed does make a difference. Interest compounds daily so the earlier in the month of the payment the more that is paid towards the principal of the loan. If you can afford to make a 2nd payment or even a smaller payment towards just the principal is effective. At the end of July, I was able to close a few loans, but the month of August is looking very thin for me. It’s for these lean months, if you’re in a sales role that is commission based that you need to have a plan and a budget which creates guardrails. Does your debt free month factor in a budget?
If you want to learn more about the self-lending principle or if you need a financial check-up, then contact me.
“The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.”
Deuteronomy 28:12 NLT
http://bible.com/116/deu.28.12.nlt
I believe in your journey to….
A Debt Free Me
Pursuit of Excellence 