Visit www.chainofwealth.com to grow your wealth Simone Dennis is the creator of the blog Slim Fit Wallet. Her story of paying off $80,000 in debt is truly inspirational. A neighbor to us over in Maryland, Simone is passionate about helping other people get out of debt and showing them how to start living on a budget. Welcome! [3:45] $80,000 in debt- how long did it take you to pay off? ·       Aug 2017: 100% debt free ·       Had student loans, car loans and medical loan [5:24] What did you do to pay it down? What strategy did you use? ·       Had a car accident wakeup call ·       Researched how to get finances in order ·       Started saving ·       Used the Dave Ramsey Approach [9:44] If you could go back in time, what do you wish you could tell your younger self? ·       Hardest part was taking the first step ·       Don’t worry about tough changes [12:4] You have a post on your blog about having an emergency fund. How much do you think someone should keep in their emergency fund? What constitutes an emergency? ·       Emergency fund: a reserve for unexpected crisis ·       Build to have about 3-6 of living expenses [13:23] Help us- give us the scoop on why 401k’s are so important. ·       Retirement planning is so important ·       Have enough money of living worry- free ·       Reap the benefits of compound interest ·       Let compound interest be your friend [14:16] We all know about the Dave Ramsey snowball vs. avalanche- how do you think people need to decide on which way to go? ·       Snowball: Based on interest rates ·       Last 20 months: paid off $60 of debt ·       Builds momentum Sponsors [17:13] Value Link Value Link Round (VLR) [17:23] Why do you think people struggle to achieve their dreams? ·       Sometimes we set too many goals all at one time ·       Hard to keep focus [18:31] What other books/ podcasts do you recommend? ·       Podcast: Debt free screams, Side hustle Pro, Business Boutique [19:11] Do you have a favorite quote? “It’s never too late to be who you might’ve been” [20:1] Any last advice? ·       Believe- you can do anything you set your mind to Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip