How to pay down debt quicker. Write down the balance and minimum payment for all your loans, including mortgage. Then put the relevant number for each loan into this formula: Your Balance Cash Flow Index (CFI) = ————————— Minimum Payment Next, write down the Cash Flow Index for each loan and compare them to the chart above (CFI). Any loan with a Cash Flow Index number is less than 50 should be paid off right away, this is the DANGER ZONE. If the number lies between 50-100 the loan should be restructured and or refinanced. And finally if the number is greater than 100, it’s best to make a minimum payment on the loan. #cashflow #balance #minimumpayment #loan #chart #cfi #dangerzone #cautionzone #freedomzone #inefficientloan #loan #payoffdebt #debtfree #debtfreecommunity #formula #wealthbuilding #taxplanning #refinance #payment #workfromhome #thinkandgrowrich #thinkmillionaire #millionairemindset #smallbusiness #contractor #professional #stephensbrostaxservice https://www.instagram.com/p/CFvqdVZF80B/?igshid=1eswzqnkilw1a
