Are you consolidating your debt or eliminating it?
Peter says he hears a lot of people asking him about debt and how they want to just consolidate their loans and drop them to a lower interest rate or roll them into a mortgage. He says this is very dangerous. Also Peter discusses how so many people talk about consolidation of debt but the real problem is they don’t have a budget. Also Peter says people take their debts too lightly and he talks about how every month it takes away from your cash flow. You need to get financially fit.
To learn how to get financially fit click here.