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.
027 – Ask Rizqwise: Should I pay off loans before investing?
Should I pay off my low interest student debt according to the schedule and invest? Or put all my money towards paying off the debt first?
026 – Avalanche vs Snowball: Two Very Different Ways to Pay Off Debt
What’s the best way to pay off your debt?
There are two predominant strategies that the experts teach on how to pay down your 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.
025 – Ask Rizqwise: How do I go “all in” on debt?
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?
024 – How to Set Your Debt Free Date
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.
023 – The Critical First Step to Eliminating Debt Once and For All
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.
022 – Ask Rizqwise: Why Credit Cards Make You Spend More Money
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.
021 – The Great Debate: Active vs Passive Investing
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?
020 – Ask Rizqwise: Getting Married and Out of Debt
“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.”
019 – How to Measure the Performance of Your Investments
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…