Leo's Story: Paying off $224,000 in debt in 2.5 years | Ep. 4

Are you a couple who is looking to get started paying down debt and live life financially free? Are you looking to make money outside of your 9-5 job? Are you searching for a better system of accountability and goal tracking? Do you need life insurance? Step right up and listen to the latest episode of The Better Wallet podcast, hosted by Marc Russell.

Marc Russell is a money management coach who helps others budget their money, pay down debt, and generate wealth. The BetterWallet podcast introduces us to other entrepreneurs, such as Marc, that share similar visions and ways of building wealth. And today's guest, Leo Jean-Louis, is sure to get a lot of couples excited about their futures. Leo is a friend of Marc Russell and a fellow money management coach. Leo and his wife, Faith, are the founders of the Freedom Is A Choice Movement. Today, Leo is going to answer some very important questions for couples looking for ways to pay down debt. You won't want to miss this.

 Leo and Faith come from very different backgrounds. Leo's mother worked around the clock just to make ends meet. This instilled some strong values in Leo, who started working during high school. On the other hand, Faith was fortunate enough to have parents who had built wealth, which allowed her to shift her focus towards other things such as education. Leo and Faith had two very different viewpoints towards money. Naturally, when they met, these views clashed. They were forced to answer the question many couples have, "How can we work as a team to pay off our debts, manage our money, raise our kids and build a life of wealth?" 

 Chances are, you don't want to work for the rest of your life, and neither does Leo or Marc. Leo explains some key habits and ideas that couples or anyone else can adopt to help live a debt-free life.

 Leo says, "The choices that we make today will determine the life that you live tomorrow."

 Leo reveals that couples should establish a goal first and then let the goal dictate the habits. Make the goal fun and exciting, and remember to hold each other accountable. Develop a system to keep track of your progress and give each other feedback. But also be sure not to deprive yourself of something that brings you joy. Celebrate the small wins too! 

 Also, make sure you get a life insurance plan.

 When it comes to life insurance, many misconceptions are out there. Most couples wait to get a decent life insurance plan and potentially deny themselves of much-needed assets. Talk with your spouse, and get a plan that can quadruple your income in the event of your passing. You don't want your spouse or your children to struggle with not only your loss but also massive amounts of debt. 

 So, how can YOU take that next step towards financial freedom?

 Here is one key takeaway from Leo, "I would say, don't start with the numbers. Tell them the start with their why. So, establish their why, their reason for pursuing debt freedom, their reason for pursuing financial freedom."

 Don't wait to start your journey to financial freedom. Use your why, and get started today! Connect with Marc or Leo and let them help you take your next step towards wealth. 

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