How to become totally free from debt, forever

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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