Kevin O’Leary, also known as “Mr. Wonderful,” recently shared some advice on CNBC about financial success and the importance of proper budgeting.
Baby boomers have the second-highest debt burden of any generation – a study by Experian has found that people between the ages of 55-73 have an average debt of $95,095.
Americans have paid down more than $100 billion in credit card debt since March of 2020, according to the Federal Reserve – bringing total credit card debt below $1 trillion for the first time in 3 years.
Debt can be paralyzing and weigh heavy on anyone’s shoulders, especially when you’re struggling to make ends meet. If you’re feeling like the road to being debt free looks like a long and fruitless one, don’t give up yet! Here are steps you can take to speed up the journey.