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3. Avoid debt bondage.
Yes, debt is necessary; it's how you own a home or get a college degree, but the trick is to respect it. Take on only what you can afford. Have a credit card balance? Use the $100 from step one to increase your minimum payment and, depending on your balance and interest rate, you could save thousands in interest fees.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.