Build wealth. Love your life
Becoming debt free is as much a matter of mentality, or your beliefs and attitudes, as it is about numbers and spreadsheets. Don’t believe me? Hear me out and then decide whether you agree with me. And decide whether you are ready to transform how you see your life,…
Can you inherit debt and what happens to my debt after I die? These were the questions racing through my mind when we had £100,000 worth of consumer debt. I also knew we had already messed up our sons’ future royally. Morbid? Probably. Practical? You bet. I didn’t want…
You know that we just paid off all our consumer debt. We paid off all shamefully and inappropriately high amount of it n three years. Smooth sailing it was not and, looking back, how to become debt-free has three stages. Naturally, I published a post about it. I wanted…
You need a mortgage to buy a house. You also likely have debt; after all, who doesn’t have debt these days? And the question you ask yourself is will debt affect getting a mortgage. I will give you the short answer first, and please forgive me for sounding like…
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 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 debts. Knowing how much…
This post contains debt-busting tips on paying off debt and becoming debt-free. I have already shared the two levels of awareness of debt – the feelings one gets when one only suspects and the certainty of numbers, and the two mental shifts I found helpful when dealing with debt….
You dream about debt freedom and the thing left to figure out is how to pay off debt. I get it. Dream, line and sinker. Living under a mountain of debt is stressful. For years Ostrich has been your favourite yoga pose. You have buried your head in Netflix shows,…
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…
Editor’s note: Today I offer you the story of one couple who are pay off debt inspiration – they paid off £21,000 in eight months. Ruth, who blogs at MoneySavvyMumUK.com, and her husband tell a powerful story of money success, learning and progress, and hope for the future of…