To achieve rummy wealth, it is essential to manage debt and spending effectively. Although debt can help with large purchases or investments, too much debt can put a strain on finances and prevent wealth accumulanetnet slotstion. People must first make a list of all their outstanding debts, such as credit cards, student loans, & mortgages, in order to evaluate their current financial status. Since it enables people to strategically prioritize repayments, it is essential to understand the interest rates associated with each debt. An important tool for controlling spending and preventing debt from getting out of control is creating a budget.