Build wealth. Love your life
There is one reason you are in debt – you spend more than you earn. It is not rocket science; it is a matter of first-grade arithmetic. If regularly spend more than you earn, you will be in debt. “Ah, now I understand’, you are thinking. ‘But if that…
After working out what debt you have, it is time to decide which debt to pay off first. There are different schools of thought, and various personal finance gurus will offer different counsel. I will not tell you what to do or which debt to pay off first –…
What debt do I have? Many readers ask this critically important paying off debt question– having a clear picture of your debt allows you to calculate whether you can pay it off, and make decisions about specific ways to approach your debt and the order in which to tackle…
Living with the weight of a mountain of debt is stressful. On the one hand, is the insecurity and fear of being indebted, and on the other, is the confusion and inability to deal with the situation. It is tempting to live your life like an ostrich and bury…
Last Monday, I published the first part of this post that contains the four unconventional starting points to pay off debt and become debt-free. These are: Get your Lizzard brain under control Get inspired by the debt payment stories of others Tell a family member or a friend about…
Congratulations! You have committed to paying debt. And this time is different, right? Still, you find yourself shrouded in confusion. Where do you start paying debt? What do you do first? I have been where you are now. Do you know what was the first thing I did when…
Have you considered learning to celebrate your debt? I bet you haven’t. I bet you spend your time vilifying, hating, and fearing your debt. You are not alone. Most of us, who have real-life experience with enormous debt, have swum in the ocean of negativity that comes with realising…
Are you a victim of debt stress? Do you wake up before sunrise covered in cold sweat and feeling the fear chomping at your gut? You see, when people talk about debt, they seldom discuss feelings. I paid off a considerable amount of debt and learned enough to write…
Editor’s note: Today I offer you the story of one couple who managed to pay off debt fast – they paid off £21,000 in eight months. Ruth, who blogs at the MoneySavvyMumUK.com, and her husband tell a powerful story of money success, learning and progress, and hope for the…
When we were in debt, we didn’t even have the luxury to consider the pros and cons of debt consolidation. We had to consolidate because we had so much debt that simply paying the credit card minimum payments was pushing us further into debt. We didn’t stop to think,…
Editor’s note: You, friend, already know I’m very interested in the softer side of money management, including the way our relationship with money shapes our financial health and wealth. Here is a wonderful guest to share the evolution of her relationship with money: from a saving child, through a credit…
Debt, and how to pay it off and become debt-free, are very much on the agenda again. While we still can only guess the size of the economic fall out of the Corona pandemic, it is clear that many experienced unprecedented financial hardship and could cope only by increasing…