Getting out of debt is one of the most searched topics on search engines, and based on search results there are a lot of financial advisors providing steps to get out of it. Let me share with you a simple process I created to get out of debt. You may want to check out the free eBook below too!
Post-pandemic, we now find ourselves with a massive amount of consumer debt due to purchased necessities (like food, medicines and other important items) charged to credit cards. The credit amount plus the interest accumulates to a degree that now puts real pressure on the family.
Yes, you can start today
The best time to start paying off debt is today. You don’t have to have the funds now, but you can start by planning your way out of the pit. This video will help steer you in the right direction. You can also search for this topic in our search box above this page to read more articles about financial freedom. All the articles are free to share with family and friends.
So, in summary, without a system in place, paying off debt can be a daunting task. I’ve summarized our steps below.
Create a list of all your debt
Put them in order: highest interest first
Cut your credit card debt
Create a family budget
Cut out any waste – expenses that do not add real value to your life
Commit this process to God.
Please check out these resources to help you in your journey to Financial Freedom. You may download the eBook for FREE today. The virtual course is designed to teach you lessons (3-7 minutes long) each day for 30 days.
In this eBook, I share with you a simple process for getting out of debt. It provides you with easy-to-follow instructions that will help you identify which debts to pay off first and provide you with a structured plan to get out of debt as soon as possible.
The Financial Freedom Express course is designed to give you one key financial planning lesson each day in a short (3-7 minute video) for the next month that will get you started on the journey to financial freedom. As Jesus himself said, when you know the truth, it will set your free!
A very insightful discussion on a Christian’s financial investments. As God’s stewards, we are called to generate strong financial returns on our investments. Wisdom would likewise guide us to place it on projects, and companies that are very close to our faith, values and beliefs.
Set cash aside for savings, also to prepare for financial opportunities that may present themselves. Diversify and invest in high-quality assets. The impact of war on our finances is imminent, but when you plan and commit it to the Lord, He will be your shelter and shield. Proverbs 16:3 assures us “Commit your work to the LORD, and your plans will be established.”
Take a look around the world and you would agree that the world is very different. It has changed. Natural and man-made disasters, COVID-19, and of course, war. The impact of war on the world’s economy is unprecedented as we see countries coming together to wage not just armed conflict but economic conflict as well.