and John Bogle. "I literally was just trying to figure out as much as I could about personal finance," he says.
In reorganizing their debts, Deacon made a couple of smart moves early on. They had about $8,000 worth of credit card debt from various cards. Interest rates varied, and he decided the easiest way to tackle them would be to consolidate. After paying some of it off, he asked his grandmother to loan him enough to pay off the $7,000 or so they had left, and she did, letting the couple pay her back that single $7,000 loan at a 5% interest rate.
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