My favorite section on this blog is how we got into credit card debt traps and how we were able to free ourselves up. This will be the main focus of this blog which will comprise of the four chapters.
Chapter 3: How we got into debts will detail the wrong money moves and financial ways we had that made us incur a lot of debts. I am sure most people will be able to relate to what we had experienced. Will also be sharing the predicament of people we met in our mission to help people be debt free. We will mention names of people in our sharing, but they are not real names of the people we refer to protect their identity.
Chapter 4: How we got out of it, gives the reader a good grasp of the tools and methodologies we used to get us out of the debt trap. Debt consolidation and debt elimination planning will be covered in this chapter as well.
Chapter 5: How we increased our cash flow in retirement, is an equally exciting chapter where we will share how we turned a crisis in our career in the corporate world into a great opportunity that allowed us to generate income more than what we had when we were employed. We believe that this chapter is also something that is applicable even to those who have just started to work and not only for those who are about to retire.
Chapter 6 is about avoiding debt traps. We will detail steps on how to make sure that once we are out of debt, we won’t be falling back on the same trap.
Chapter 7 will cover what we must do to grow our money and what is the simplest way of doing it, to the more complex way of investing into stocks market and what we need to know about investing and what are the appropriate vehicles we ride on based on our goals. The second to the last chapter will enable the reader how do we gauge if we have achieved financial freedom. Will share the significance of Assets and Liabilities and Net Worth in our assessment of our progress in our journey towards financial freedom.
The final chapter challenges everyone to have bias for action. To put into reality the concepts we have shared. The final chapter also will challenge us to take an active role to continually learn and be an effective coach to ourselves, our family and friends. Make more financial coaches to reach out to other people and spread the mission to make more Filipinos Truly Rich!
If you are financially struggling, are heavily indebted, or even insecure about your current job, this blog is for you. If you want to learn how to invest properly, or want to have extra income that is both passive and active, then I encourage you to read on and act with urgency on your plans! Be Truly Rich!
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