Stage 03 · The Roadmap
Debt Elimination
Organize the debt, then retire it on purpose.
5 objectives 0 lessons 2 tools
Stage overview
Debt elimination is a system, not a burst of motivation. You will inventory every balance, understand how interest and minimum payments interact, then choose a payoff strategy you can actually sustain.
Why this stage matters
Debt consumes cash flow that could be saved or invested. Retiring high-interest balances frees monthly income and lowers financial risk faster than almost any other single action.
Learning objectives
- Build a complete debt inventory.
- Distinguish productive debt from expensive debt.
- Compare the debt snowball and debt avalanche strategies.
- Understand consolidation and its trade-offs.
- Set a realistic payoff goal and track progress.
Topics covered
Understanding debtGood debt versus bad debtCredit card debtPersonal loansAuto loansMortgagesInterest ratesMinimum paymentsDebt snowball strategyDebt avalanche strategyDebt consolidation educationImproving monthly cash flow
Lessons in this stage
Education CenterLessons for this stage are being published.