Cutting off expenses drastically, budgeting, and keeping a spending record were some of the major steps that saw today’s guest pay off her debt in less than 2 years.
Tracie is a 100% self-employed freelance photographer who only got serious about paying off her $75,000 debt in August 2018. The overwhelming burden of debt prompted her to take the necessary action.
Tracie shares how being a self-employed entrepreneur with an unstable income became her excuse for making slow debt repayments. She also shares how listening to other people’s stories on the His and Her Money show brought her to the realization that she wasn’t doing enough to finish off her debt.
Listen in to learn how you can also pay off your debt even without a stable income. You will also learn how to raise your rates as a freelancer, and ask for what you deserve which might be of huge help in paying off that debt you owe.
What You Will Learn
- When did Tracie become serious about paying off her debt?
- The difficulty of drastically cutting off expenses to put more money into debt payment.
- Why you need a ledger emergency fund as a self-employed entrepreneur if you don’t want to fall back into debt.
- How to increase your rates as a freelancer and ask for what you’re worth.
- How Tracie became disciplined by learning from others.
- What was the overall feeling after paying her last debt?
- What’s next after paying off the debt?
Resources Mentioned
- Earn What You Deserve: Step by Step Program for The Chronic Underearner by Jerrold Mundis
- [Free Guide] 8 Steps to Getting Out of Debt
Thanks For Listening!
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