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Take Control of Your Money

Rizqwise is a show about money, for Muslims. Join us to start making smarter financial decisions — without selling your soul.

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028 – Five Tips to Stay Motivated While Paying Off Debt

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:

  • Why it’s critical that you keep your intention front of mind.
  • How to be realistic about your debt reduction targets.
  • Why you should calculate how much daily interest you pay.
  • The benefits of having an accountability partner to keep you on track.
  • The importance of rewarding yourself at major milestones on your journey.

Listen here…

028 – Five Tips to Stay Motivated While Paying Off Debtrizqwise
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Show Notes

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

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