How to pay debt smartly?
SMART pay your DEBT using MMM channels DRS method
D - Debt
R - Repayment and
S - Savings
Download Link for smart DRS method-
Dear Millionaires,
Debt is a huge burden to lead a happier life. Falling into debt is more common to all of us. Debt is actually spending Tomorrow's earning today itself. Debts are classified as good and bad debts. Buying debt to satisfy our need eg. food, education, shelter and health are called good debts. Nothing wrong in buying debt for these purposes. But buying debt to satisfy our desire eg. bike, car, mobile, furniture, tour in EMI is called bad debt. By buying bad debt we failed to save the money which is very much required for our future retirement. This video demonstrates a unique method to repay debt as well as save your emergency fund in parallel. This method is called MMM channels DRS method. Debt Repayment and Savings method. This method is explained clearly using the model tables using a example. You can repay the debt faster as well as save emergency fund. Thank you.
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