121 \\ Debt Payoff Secrets: Smart Strategies to Tackle Loans and Grow Your Business
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 15 Jul 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/121-debt-payoff-secrets-the-truth-about-paying-off-loans/
In this episode, we break down how to pay off debt the smart way. Learn how to prioritize loans, whether to pay off small balances first, and why high-interest loans should be your top focus. We talk about how to decide between using cash to pay off debt or reinvesting in growth, when refinancing makes sense, and why being completely debt-free isn’t always the smartest move. You’ll hear actionable tips for creating a payoff plan, understanding interest rates, and using a fractional CFO approach to make better financial decisions. Whether for personal or small business finance, these strategies can help you reduce stress and increase profits without making costly mistakes.
Next Steps:
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