Back To Basics – Debt Reduction Methods

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We have a cool Webinar this weekend on the 27th at 10am, email rbaloyi@nicolettem.com if you want to gain access. Its R100 and we will look a Debt Review, Debt Restructuring tools, Snowball Method and Cashflow index

Comments

Own Your Money with Malepeli M says:

I'm from Lesotho so I understand snowballing method ??? the perks?? But this method actually helped me when I was paying unnecessary debt that I had. Even my tuition fee. I'm debt free now cos I paid the small debts first and got gazelle intense with the tuition fee. And as of Jan 2020 I paid the last R10K towards my tuition ??????

rameez hassan says:

I've used the avalanche method and found it to work a lot better for me.
Ofcourse each person is different and you need to Taylor your strategy to what suits you best in your current situation.
My strategy was taking out the higher interest debts first , once cleared, I've used the extra cash to move onto the next. Definitely worked well for me.
The main point is to take control instead of your debt controlling you.
Goodluck to all those who are working their way out of debt n toward financial freedom.

Phoebe Mailwane says:

Hi Nicolette.
Thank you for your videos. Truly appreciated.
I hope one day you'll educate us abt TAX.
Thank you again

Selma Lungameni says:

In Africa we can use the dungbeatle method. ?

Nkateko Sibuyi says:

I'm currently using the snow ball method to pay off my debt. It's very helpful

sharon dube says:

This woman is always so on point. She is an inspiration. She has marvelous ideas all the time. If you find her not good enough you probably don't have a receptive heart. By following most of her videos we wouldn't be making all the mistakes we make. I was inspired by the video on saving.,stating that it's not about how much you earn, it's about how much you keep, it's about how you invest the money you save. If we all had a minute to listen to such our world would definitely be a better place

Phindile Ncane says:

I'm so crippled with lots of debts, other day I write them all down and told myself I will start with smaller ones and settle them all. I no longer qualify for anything and my credit score is very poor. I will use the snowball method to pay them off. Debts are draining and living from paycheck to paycheck is not nice. I'm giving myself 3 months to see a difference and be disciplined…..my debts will takes more than 4 years to clear and I want to live a debts free life.

Chacha N says:

Nicolette, please will you publish a video on late estate planning. This is a huge part of wealth/ financial management you have never talked about on your channel. Interview an SME if needed. Please over things such as lawyer fees, what counts as a part of an estate, the importance of a will, the laws surrounding this, trust fund creation if there is a minor involved. Many people do not know that if you are an heir, you can inherit debt and the different avenues to circumvent making financial mistakes.

Precious Olesitse says:

1 year subbie from Botswana

Pusetso Morapedi says:

We must reduce debts bathong. We know gore external debt has basically crippled our countries. Now imagine personal debt? It can be paralysing. Thank you Nicollete for this… #BerekaMosadi#MustBerekaMonna ?

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