I met Ian (not his real name) when I went back to serve as a coach in one of the property investment courses I previously attended in 2013. He was introduced to me by a friend, who said that I needed to help him.
During our first meeting at Old Town Coffee at Kuchai Lama over lunch, Ian shared with me that he was working as a Graphic Designer & has been working for more than 10 years but finds it very hard to have any savings. I see him as someone who has a dream, and ambition because he told me “People around me, my colleagues, friends and even relatives have already had their own families and even owned a few properties”. Yet he is still single and haven’t bought his first property nor started any investment
This was his situation
To be honest, I thought he was in a worse-off situation. But after reviewing his situation, I share with him 2 strategies to resolve his situation. One strategy – Debt Consolidation Strategy, as he had multiple loans which needed to manage. 2nd strategy was to use the World’s Simplest Money Management System, which help him not to fall back into the same situation moving forward.
Here is how his before & after look like
After applying the strategy, he had
So with these 2 financial strategy, Ian can free himself from his debt problem & pursue his dream of owning his own property. What I notice about Ian was, that he was an easy-going and easy to ‘trust people kind of guy’ which led him to this problematic situation.
This same trait led him to trust his friend, his friend’s MLM products because he didn’t know how to say NO. And as a result, he doesn’t know how much he has spent over the years. After this experience, he is much more aware of his financial situation.
“How do you qualify for more loans since Ian’s CCRIS is koyak?” If this is the same question you are wondering about, congratulations! It means 2 things. Firstly you are very aware of what you are reading and you probably have a high FInancial IQ. Secondly, you could be in the same situation and you need help. Regardless, the solution to your problem is simple but not easy if you are not equipped with proper financial education.
Learn how to overcome your debt situation by enrolling to Debt-Free Code here
*DISCLAIMER – All strategies listed here are not a recommendation or advice. The article is written purely for the purpose of education and journaling only. The content of this article is an expression of my opinion and should not be taken as professional advice. If you are seeking professional advice, please consult me personally. You should do your own research and/or seek expert’s advice when overcoming your debt circumstances.