How to Get Out of Debt #debt

If you want to get out of debt, the key is consistency.

No matter what’s going on in your life, money still needs to be allocated to paying that debt down.

Ideally, more than the minimum repayment. That’s how you reduce it faster and free yourself up to start building wealth instead of just servicing debt.

It also means prioritising repayments over lifestyle extras.
Cinema can wait. Debt freedom first.

The biggest tip is automation.

When your income hits your account, have the repayments automatically come out straight away. Don’t rely on willpower. Remove the decision entirely.

Strict systems beat motivation every time.

General advice only.

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