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Debt

Debt-Free Living: Your Roadmap to Breaking Free from the Chains of Debt

By Jay Zigmont | Sep 5, 2025

Debt can feel like a constant weight, but being Childfree might give you an edge in tackling it. From credit cards and student loans to payday loans, carrying balances steals from your future. By setting clear payoff goals and using strategies like the debt snowball or avalanche method, you can take control, eliminate high-interest debt, and unlock financial freedom—so your money works for you, not against you.

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Boost Your Credit Score: Simple Steps to Improve Your Financial Health

By Jay Zigmont | Sep 5, 2025

Your credit score matters more than you might think—it affects loans, interest rates, insurance, and even job opportunities. But improving it doesn’t have to be complicated. From checking your credit report and setting up auto pay to avoiding common pitfalls, these practical tips can help you take control of your score and protect your financial future.

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Good Debt vs. Bad Debt: What You Need to Know Before You Borrow

By Jay Zigmont | Sep 5, 2025

Debt isn’t always what it seems. From mortgages to student loans, even “good debt” can come with hidden pitfalls. This guide explores how to rethink borrowing, avoid financial traps, and make smarter choices for major expenses—so you can build a future without unnecessary debt weighing you down.

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How to Negotiate Your Debt: A Simple Guide to Reducing What You Owe

By Jay Zigmont | May 31, 2024

Feeling buried in debt? You might be able to negotiate your way out. From medical bills to collections, settling for less than you owe can save money and protect your credit—no bankruptcy required.

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What is compound interest?

By Childfree Wealth® team | Jan 30, 2023

“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein Yes, Albert Einstein healthily respected the power of compound interest and, based on the quote above, maybe even revered it. I never met the guy, but I hear he was very smart and […]

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Can I Take a Loan From My 401(K)? (and should I?)

By Childfree Wealth® team | Jan 28, 2023

For those who want the quick answer: Yes, 401K loans exist with many (maybe even most?) plans! That said, there are lots of rules and pitfalls in taking 401K loans so read further for more information. 401Ks have numerous features that may come in handy, particularly as a last resort. Features such as being able to […]

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4 Things Every 20-Something Should Know About Money

By Childfree Wealth® team | Nov 14, 2022

Developing good money habits in your early adult years can help you position yourself for financial stability and better grow your wealth over time. The sad truth is that many young adults in their 20’s are unaware of how to best manage their money and will often regret the monetary decisions they made in their […]

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Struggling With ‘Lifestyle Creep’? These Tips Can Help

By Childfree Wealth® team | Nov 8, 2022

You just got a raise at work or a new higher-paying job? Congratulations! It feels wonderful to have more money coming into your household, and if you’re Childfree, you can spend that money in any way you wish. But making more money can be a double-edged sword. Why is this? Two words: lifestyle creep. Lifestyle […]

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4 Common Money Mistakes and Bad Behaviors

By Childfree Wealth® team | Oct 31, 2022

Being financially literate means that you have a good grasp on your finances and have what are considered positive financial habits. Maybe you contribute to your retirement savings accounts regularly, keep an emergency savings fund on hand and work hard to pay down debt because you understand the consequences of accruing interest. On the other hand, there are some common […]

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Live Alone? Here’s 5 Tips to Manage Your Costs

By Childfree Wealth® team | Oct 27, 2022

The Childfree life certainly comes with many advantages. One of the biggest for me personally is the ability to live in a way that benefits me, without regard for children’s needs. If I had kids, I would have to consider not only the physical location of where I live (I hear that school districts are a thing […]

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