Credit buying is much like being drunk. The buzz happens immediately and gives you a lift… The hangover comes the day after.”— Joyce Brothers, American psychologist
Have you ever bought something just to make you feel happy - or appear more successful – not because you need it?
If you are serious about getting rid of debt; a good starting point is to be honest with yourself.
So said Certified Financial Planner Kim Potgieter.
She offered these six ‘to-dos’ to get debt free:
Come clean with yourself. How much debt do you really have?
Stick to your plan. Write down what your ideal life would look like.
Keep track of your monthly expenses.
Pay your debt from the highest interest rate to the lowest.
You are your greatest asset. Increase your earning potential by upgrading your skills.
- Ask for help. A Certified Financial Planner can help to develop a realistic debt strategy.
Ray White (in for The Money Show’s Bruce Whitfield) interviewed Potgieter.
For more detail; listen to the interview in the audio below.
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