Back To Basics - Debt Reduction Methods

[phindilencane]

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 debts will takes more than 4 years to clear and I want to live a debts free life.

[sharondube]

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

[ratolerato]

Great content. I will definitely come back to watch this again when I buy first property.

[chachan]

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.

[ownyourmoneywithmalepelim]

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 💃💃💃🎉🎉🎉

[rameezhassan]

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.

[nkatekosibuyi]

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

[phoebemailwane]

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

[pusetsomorapedi]

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 😉

[selmalungameni]

In Africa we can use the dungbeatle method. 😁

[ScissorN]

Mogirl we love you hle. Can you please make a video regarding when do you exactly consider a property as making profit is it after you have received your initial investment amount or as long as you are able to pay the bond and have money left in your pocket? 🤔🤔🤔

[mmewapino]

Thank God for you and for me it's like a confirmation of what l was planning and doing haphazardly not even having a plan
Like l registered my retail Acc via my cell banking and l don't go anymore to the shops so l am don't impulsively buying believe me l see the difference and everything l do l do with cash and l wait for it
I am bit intimidated with my home loan

[dumisavinindwa]

Hi Nicolette
Thanks for this vid. It's really helpful.
Please do a video on debt consolidation and how it works and its pros and cons perhaps.
Thank you.