• Let’s Talk About Debt

  • Jul 30 2024
  • Duración: 19 m
  • Podcast

  • Resumen

  • You’re seeking new ways to create true wealth and more time freedom in your life. We get it! If this describes you, you’re in the right place…

    Join us each week for wealth-creation wisdom, new and innovative investing insights, and inspired ways to help you realise more financial and lifestyle freedom alongside your busy career or business (or perhaps just 'life' here?), with our dedicated and experienced ‘Wealth Whisperer’, Hazel de Kloe.

    If you want to truly break free from the everyday grind (who doesn’t?!) and live a life of purpose, passion and freedom, this show is for you!

    Do you have a deep interest in all matters related to living a free, joyous and inspired life? Then listen in to explore your own journey towards true, personal, freedom.

    KEY TAKEAWAYS

    • Good debt is borrowings you must allow you to buy other things that bring money into your pocket. For example, rental property; you buy a property with a mortgage & the rent is set above the mortgage payment so it’s bringing money into your pocket.
    • Bad debt takes money out of your pocket, such as putting your holiday on a credit card, or you have a card payment to make, or you have a store card which you’ve racked up & you’re having to pay out each month.
    • Make a list of all the debts you have, how much you own & to whom you owe it, the interest rates that you’re paying, the monthly payments, & their due dates. Figure out the highest interest rates that you’re paying – these are usually store credit cards & payday loans – & see if you can negotiate a lower interest rate.
    • You may be able to switch provider or consolidate them into one bigger loan with one lender, one payment for less interest. Make sure you pay the minimum payments on them all and set up direct debits for them all, so you never miss a payment & your credit score won’t get affected. Once you have money left over & you can afford to pay more, begin paying extra lump sums off the highest interest rate debt to bring it down quicker.

    BEST MOMENTS

    ‘To become a really good manager of debt you need to know your credit score.’

    ‘If you don’t learn how to manage your debt responsibly it can easily spiral out of control.’

    ‘Look for the lowest cost of borrowings that you possibly can, this will usually be over a longer time.’

    ‘Become super responsible with handling debt, the more responsible you can be handling debt the more you’re going to be given to work with. This is an empowering position to be in.’

    VALUABLE RESOURCES

    Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

    https://www.the-freedom-club.com/on-the-money-2024

    ABOUT THE HOST

    Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

    She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

    Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

    During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

    CONTACT METHODS

    Website
    Instagram

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