Step to be debt free

Salam,
Saya baru selesai baca buku rich dad poor dad cashflow quadrant,
di bawah nie adalah antara tips yang disyorkan seperti didalam buku tersebut, saja nak syer ngan rakan rakan didalam wk nie.......kepada yang bijak pandai silalah beri pandangan antara step step yang diberikan... ........

tak salah kalau kita berkongsi pandangan supaya menuju kearah kejayaan kan....

emmm seingat saya, beberapa tahun yang lepas, ada sahabat kita yang mengikuti seminar financial adviser..dan katanya juga...dah ada beberapa yang dah berjaya mendapat goal yang ditetapkan.. .....jika tak keberatan... mintak la syer sekali pengalaman anda semua .....jika keberatan... syer sesetengahnya pun kira ok la........

1.If you have credit cards with outstanding balance:

a) Cut up all your credit cards except for 1 or 2.

b) Any new charges you add to the 1 or 2 cards you now have must be paid off every month. Do not incur any further long term debt.

2. Come up with RM150 - RM200 extra per month. Now that you are becoming more and more financially literate this should be relatively easy to do. If you cannot generate an additional rm150 - rm200 permonth then your chances for financial freedom may only be a pipe dream.

3.Apply the additional rm150 - rm200 to your monthly payment of ONLY ONE of your credit cards, you will now pay the minimum PLUS the rm150 - rm200 on that credit card.

- Pay only the minimum amount due on all other credit cards. Often people try to pay a little extra each month on all their cards but those cards suprisingly never get paid off.

4. once the first cards is paid off, then apply the total amount you were paying each month on that card to your next credit. You are now paying the minimum amount due on the second cards PLUS the total monthly payment you were paying on your first credit card.

- Continue this process with all your credit cards and other consumer credit such as store charges, etc. With each debt you paid off, apply the full amount you were paying on that debt to the minimum payment of your next debt. As you pay off each debt, the monthly amount you are paying on the next debt will escalate.

5. Once all your credit cards and other consumer debt is paid off, now continue the procedure with your car and house payments. If you follow this procedure, you will be amazed at the shortened amounth of time it takes for you to be completely debt-free. Most people can be debt-free within 5 to 7 years.

6. Now that you are completely debt-free, take a monthly amount you were paying on your last debt and put that money towards investment, build your asset column.

That's how simple it is!

regards,

Sukor Abdullah