Debt can cripple your finances and your life, but if you find yourself in a debt hole what can you do to get out of it?
I personally found myself in a lot of debt, experienced the overwhelm and had to claw my way out of it. Here are some of the things that helped me.
Free budget template – Https://onproperty.com.au/budget
0:00 – Introduction
1:05 – Being in debt is super common
1:42 – Admit that you messed up
3:39 – Write down all of your debts
4:45 – Let the overwhelm wash over you
5:26 – Create a budget where your debt payments are automatic
3s
7:16 – You may need to take drastic action
8:42 – Stop yourself getting into more debt
9:11 – Accept generosity but don’t expect it
10:39 – Bring people around you who will support you paying off your debt
11:39 – Focus on earning more money
13:48 – Build up a buffer
15:22 – Pay off those debts in a way that works for you
17:32 – Summary
Recommended Videos:
The 15 Minute Budget – https://www.youtube.com/watch?v=I8x-_Fzcu3k
How To Deal With The Emotional Stress of Debt –
The $1,000 Project Book Review (By Canna Campbell) – https://www.youtube.com/watch?v=HEVkseXw2H8
How to Deal with Debt Collectors – https://www.youtube.com/watch?v=ou1E0TVEdcs
http://onproperty.com.au/813 – Visit the site for a full transcription and downloadable audio version of this video.
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