FINANCE
In this ‘ Advanced Guide to Getting Out of Bad Debt ’ brought to you by finance and investment education specialist and author of over 20 finance help books Robert Kiyosaki , who was recently in South Africa we look at the first three lessons . He says , ‘ bad debt is the reason why the economies of the United States , South Africa and many other countries around the world are stagnant , depressed , and dying .’
Bad debt is just the product of the real problem , being controlled by your fear or your greed . Emotions are the biggest cause of financial problems .
We share critical steps over 2-part series on how to help you get out of bad debt . We are not talking about saving your spare change to put towards your credit card balance . We ’ re talking about a bold move increase your assets and income , to take control of your bad debt and your life . This is a big step up from our triedand-true methods to get out of debt identified .
Advanced Guide to getting out of Bad Debt broken into 6 Steps :
1 . Stop spending - Find your financial emotional maturity 2 . Start saving - Pay yourself first 3 . Look for opportunities 4 . Create , build and find your asset 5 . Pay down your debt with your cash flow 6 . Celebrate . Repeat .
76 JUNE 2024 Real Estate Investor Magazine