Debt Free PH

Stop all but essential spending on your credit card. Try and get by without your credit card and use cash wherever possible while you work on your plan. You could even set yourself a challenge not to spend any money for a week!
It sounds basic, but start by listing how many cards you have and what you’re paying for them in interest.
If you have more than one card, start chipping away at the low-hanging fruit. Consider paying the card with the highest interest rate off first or if the rates are similar, work on clearing the smallest debt.
If you can’t pay a card off in full, see if you can pay more than the minimum each month to reduce your balance more quickly and save on interest. It could be worth setting up a direct debit on your payday to pay a fixed amount.
Once you’ve paid off a card, close the account and work towards having a single card to help make your finances easier to manage.
If you feel that your interest rate is too high, you could consider transferring any remaining balance to a card with a lower interest rate or rolling the debt into an existing personal loan or mortgage, these tend to have lower interest and fees. Many providers offer great rates to consolidate, but make sure you pay the card off during any honeymoon period with the new provider so that you don’t start accruing interest. Check the fine print - what interest rate will you pay after any promotional period ends? You don’t want to just kick the can down the road.
If all else fails, don’t be afraid to ask for help from your credit provider. There may be a way you can work out a spending plan that takes into account your financial circumstances.

Look at any great leader or entrepreneur and they will all mostly say, to achieve any success, always starts with a good plan or idea, personal discipline and preparation to get to the goal.

Happy Investing Everyone!
If you need us to manage your portfolio, get in touch. ☺

𝗗𝗼𝗻'𝘁 𝗯𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗼𝘁𝗵𝗲𝗿 𝘀𝗶𝗱𝗲 𝗼𝗳 𝗲𝗾𝘂𝗮𝘁𝗶𝗼𝗻, 𝘁𝗵𝗮𝘁'𝘀 𝗮𝗹𝘄𝗮𝘆𝘀 𝗯𝗲𝗵𝗶𝗻𝗱 𝗹𝗶𝗳𝗲.
Here's a reminder for everyone:
If you want to go ahead with your financial life, you have to avoid getting into more debts that you can no longer pay in full or compensate.
Listen, I know people who borrow money for the sake of their business. These people know what they are doing. For them, debt is necessary to serve their clients better and to learn more. Their mentality is debt is fine because I am using it to create value and if I continuously create value and serve people, my debts would be paid. You see, these people look at their debt not as an enemy to avoid but as an opportunity to grow.
However, there are people on the other side of the equation who looked at debt the other way and this is what I am talking about here.
People believe that debts are an extension of their finances and when they can no longer pay it out, they looked at it as an enemy. If the debt was a person, it might have felt betrayed all the time. If debt could speak it would say: I was here to help and now that it's payback, you no longer remember me?
You see, when you borrow from your credit card, you are robbing yourselves of up to 18-20% of your income.
If you bought something for $2500.00 and you were to pay only 2% of your total balance due every month, it would take 333 months to pay off your debt. In other words, it would require almost 28 years to pay off a $2,500 liability.
28 YEARS of your life just paying off a $2500 liability because you chose to pay the MINIMUM!
Your true cost for the item you bought of $2500.00 would end up being $8,396.48.
I know I am exaggerating a bit but this is the TRUTH. You seldom try and check what the numbers in your credit card bill tell you but those numbers do not lie.
When you are in a sea of debt, you will always be behind your life.
Because you are paying off something from the past instead of starting to live in the present.
Your mind is always bothered. You are always anxious.
These are the reasons why getting out of debt is hard because when you FEEL this way about your debt, it will be really hard for you to accept it and recognise it not as the worst of it but simply as a number.
Why I am telling this to you? Simply because I want to help you.
I want to help you recognise that paying dollars for yourself is so much better than paying your debts.
I want to help you understand that there is a way to get AHEAD of your life.
There is a way to LOOK at your DEBT differently so you do not feel judging it and cursing it every time you see it.
There is a way to co-exist with your debt in a friendly way, one of which that would allow you to recognise it as a number that you can pay and not as a number that defines your worth.
Let us start taking back 18-20% of your income because you deserve it.
And if you want someone to help you transform your mindset on how you see your DEBT so you can get out of it for GOOD, just reach out.
I am here for people who finally want to GET out of this cycle for good.
🏆𝗬𝗼𝘂𝗿 𝗠𝗶𝗻𝗱𝘀𝗲𝘁 𝗶𝘀 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴🏆

Defining wealth is a crucial part of the wealth building process. Otherwise, being richer would automatically mean being happier! A generally accepted definition of wealth is ‘subjective well-being’ - a long term contentment with the way my life is going. But because it’s something we feel inside, it’s going to be different for every one of us. It needs to be articulated before it can be measured. Only then can we start a meaningful planning process to achieve our own feeling of being wealthy.

Contact us if you’re serious about planning your own "subjective well-being."