Debt sucks! I know, I’ve been there too, along with millions of others who have debt in South Africa! I actually hit rock bottom and know what it feels like to have literally no money for food and living essentials. Does this sound familiar at all? Well, I learnt how to manage my money better and pay off all my debt without earning more money. Do you want to learn how to get out of debt?
My debt story
I was in my early thirties when I hit rock-bottom in terms of finances and debt. I had 2 credit cards that were maxed out, my overdraft was at its limit, I had a car loan and home loan, and couldn’t keep up. Weird thing was that I was earning a decent salary; I had just over-committed and reached the tipping point. I either needed to take out more debt (which I couldn’t afford), or I had to sort it out. Either way I needed to sort it out ASAP! I literally didn’t have money for food and daily essentials.
It was a crazy time but I learnt some incredible lessons.
- I was earning a good salary but didn’t have money for food.
- I owned a house, a car and had some investments, but I actually had no money (no cash flow) for essentials.
How did that even happen? You can read more of my debt story here.
10 years later though and I am 100% debt free, have a fully paid off property, a little “city 4×4” vehicle (which I bought cash) and healthy investments.
How did I do this?
To be honest, there’s nothing new or earth-shattering. Just good old fashioned common sense.
I’ve developed what I call the “3 x 10” plan to pay off debt. This is a step-by-step guide based on my own experiences. It’s broken down to logical and manageable steps, with exercises and actions to take along the way.
What is in the “3 x 10” plan to pay off debt?
- Understand how you ended up where you are.
- Learn how to get out of debt when you are broke.
- Make informed decisions on which debt should I pay off first.
- Maybe you are completely broke? See how to pay off debt with no money.
- Learn how to budget effectively.
- Learn about debt consolidation and debt review.
- Keep the debt collectors away.
- Fix your cash flow.
- Assess potential wasteful expenditure.
- Build an emergency fund.
- Create your plan.
- Learn how to pay off debt faster.
- Track your progress.
This might sound too good to be true. But, you absolutely can pay off all your debt, and I can show you how.
It won’t be easy though. It certainly won’t be fast, and it won’t just magically happen by reading a book. lol
You really need to put in the work, change your mindset and take charge of your money!
I’ve done it and I know you can too.
How to pay off debt
While I’m finalising some behind-the-scenes admin and technical issues I’ve decided to make 15 copies of book available as PDF downloads. These are at a once-off special offer of $5 (around R80). I won’t be repeating this offer so if you’re interested, take me up on it now.
As at last check it seems there are 4 left….
What if the offer is no longer available?
If you’re too late or you decide to rather wait a while, you can sign up to this email list and I’ll let you when and where to get it. I won’t add you to any other email list and you won’t hear from me about any other topics or marketing.
I have finished your guide. It simply beautiful. This guide will no doubt help others!Reader, Johannesburg
It is simple to understand, simple to follow (not easy, we know that) and with such clear steps.
Download progress charts found in the book
Learn about Personal Finance
If you’re interested to learn more about personal finance and managing your money better, take a look at this curated list of the best posts on my blog. These will take you through the basics of personal finance. They’re easy to follow and even if you only apply one or two of the concepts, you’ll see improvements in your finances.
- Understand what money means to you
- Manage your money. Track, plan and spend less than you earn
- Protect your finances and your assets
- Deal with debt
- How to start investing