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When left unchecked, debt can pose a real problem to Financial Independence. Poor credit scores, insecurity, and even debt collectors can become a reality before you know it. Even so, debt emergencies don't need to spell the end of your FIRE dreams. With a structured approach and some budgeting know-how, you can extinguish your debt fire and focus on your fun FIRE.

In this chapter, Kylie Travers from The Thrifty Issue details how to deal with debt collectors. She also shares a comprehensive checklist that can help you clear your debt and focus on your goals.

You can also read along by checking out this chapter on Pearler's blog. 

NOTE: This chapter references general topics like deductible debt, but nothing included should be interpreted as tax advice. You should see a tax adviser if considering these topics.

Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer

Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

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