Everyone starts off with the best of intentions when beginning their debt free journey.

But once that initial burst of energy wears off, it’s really easy to fall off the wagon at the first sign of trouble.

In this week’s episode, we discuss five practical tips to help you stay focused on your goal and complete your debt free journey.

Tune in to learn:

Listen here…

Daily Interest Charge = (Principal * Annual Interest Rate) / 365

The post 028 – Five Tips to Stay Motivated While Paying Off Debt appeared first on Rizqwise.

Should I pay off my low interest student debt according to the schedule and invest the rest of my money? Or put all my money towards paying off the debt first?

Listen to the answer here…

The post 027 – Ask Rizqwise: Should I pay off loans before investing? appeared first on Rizqwise.

What’s the best way to pay off your debt?

There are two predominant strategies that the experts teach on how to pay down debt. One makes more mathematical sense, while the other considers the nature of human behaviour.

Which one is right for you? It depends on two things: you and your debts.

Tune in to this week’s episode to learn:

Listen here…

The post 026 – Avalanche vs Snowball: Two Very Different Ways to Pay Off Debt appeared first on Rizqwise.

You talked a lot about going ‘all in’ on debt. But in practical terms, what does that mean? How drastic of a lifestyle change should I be making to tackle my debt?

Listen here…

The post 025 – Ask Rizqwise: How do I go “all in” on debt? appeared first on Rizqwise.

You’ve made a commitment to get out of debt. Now what?

Most people just stop there. They promise themselves they’re going to finally climb out of debt and commit to paying as much of it down as possible.

The first month or two go well. But then, old habits die hard and they’re back to square one.

How can you push beyond that momentary burst of energy and actually make a dent in your debt over the long haul?

Tune in to this week’s episode to learn:

Listen here…

The post 024 – How to Set Your Debt Free Date appeared first on Rizqwise.

Do you have a problem with debt? Have you tried getting out of debt unsuccessfully? Or did you manage to get out of debt only to fall back in?

The core problem is probably not that you’re spending too much money or not earning enough. Those issues might not be helping. But there’s probably something more serious that’s stopping you from eliminating debt once and for all.

Your mindset towards debt is the single most important thing you can change to help you get out of debt. Because when your mindset changes, your actions follow.

Tune in to this week’s episode to learn:

Listen here…

The post 023 – The Critical First Step to Eliminating Debt Once and For All appeared first on Rizqwise.

How can I avoid getting deeper and deeper into credit card debt?

We get a LOT of questions about credit cards.

It’s not surprising, using plastic is just a routine part of our daily lives. We don’t even think about it much anymore.

In this episode of Ask Rizqwise, we discuss the origins of credit cards (spoiler alert: the goal is to get you spend more) and offer some practical advice on how to stop digging a deeper hole for yourself.

Listen here…

The post 022 – Ask Rizqwise: Why Credit Cards Make You Spend More Money appeared first on Rizqwise.

Think you can beat the market?

You’re not alone. It’s human nature to want to win at everything.

But is it even possible to outperform the market? Is there any evidence to suggest that the markets can be beaten?

The debate between active and passive investing has been raging for decades. We’re not going to resolve it here. But we are going to present you with the key arguments on both sides so you can draw your own conclusions.

Listen here…

The post 021 – The Great Debate: Active vs Passive Investing appeared first on Rizqwise.

I have made a lot of poor decisions regarding how I use money . I am working towards marrying a very good brother and we both have debt. I’d like to have a game plan with him so that we enter the marriage with a way forward in terms paying off our debt , saving, and having investments.

Listen to the answer here…

The post 020 – Ask Rizqwise: Getting Married and Out of Debt appeared first on Rizqwise.

People make all sorts of claims about what is and isn’t a good investment.

“Housing is the safest investment.”

“Gold is the best place to put your money right now.”

“This mutual fund has made money for 7 years straight.”

And so on…

What is a ‘good’ investment? What yard stick are you using to measure investment returns? How can you tell if an investment is actually performing well?

In this week’s episode, you’ll learn:

Listen here…

The post 019 – How to Measure the Performance of Your Investments appeared first on Rizqwise.