The fourth financial milestone is freedom, where individuals have paid off any bad debt (such as high-interest credit card debt) and can begin to focus on more long-term financial goals. This involves freeing oneself from the burden of debt and establishing a positive net worth. This can be achieved through methods such as debt consolidation, debt settlement, or debt payoff strategies like the debt snowball or debt avalanche.
Want to be debt-free? Try the Snowball, Avalanche, Balance Transfer, Debt Consolidation, or Side Hustle method. It's possible with patience and discipline!