Transcript excerpt of a conversation (Denzel Rodriguez and another speaker) about using a cash flow index formula to prioritize and pay off debts. They describe receiving a $19,000 payout and planning to pay several small debts (car loan $615, credit card $100, loan $461, loan $269.50), and mention a separate loan of $2,265 expected to be paid off by September–October.
$19,000
$615
$100
$461 and $269.50
$2,265
Once I received this payout of 19,000, we had initially planned to pay off these four debts. They scored the lowest on the cash flow index formula of what we mapped out of all our debts, which means we're obtaining the most amount of cash flow in the shortest amount of time. So we have a car loan, 615, credit card, 100 bucks, a loan, 461, another loan, 269.50.
That's, that's the affirmed debt that. Yeah. That second loan we have for 2265 should be over by September, October, I think.
Right. So if it falls off by the time you receive your payout, we'll, we'll just add another debt that was, that was in the cash flow index, pretty much the next one that was lined up to be paid off.
