Start Small: A Practical Guide to Tackling Debt

On the path to financial freedom, the journey can often seem daunting. Nevertheless, starting small can lead to significant accomplishments. In this post, we explore the strategy of tackling debt by focusing on the smallest amounts first. This method provides a sense of achievement. It also builds momentum for larger financial goals. Make sure to check out the latest episode of Thrive by the Rising Muse for the full conversation.

The Power of Small Wins

Naty Matos shares a powerful insight: “Start small. You start with the smallest one. So if you owe $10,000 here, $5,000 there, but $2,000 here, try to finish that $2,000 one first.” This approach is not just about numbers. It’s about the psychological boost that comes from achieving a goal. No matter how small. By paying off the smallest debt first, you gain a sense of accomplishment and a feeling of progress. This fuels your motivation to tackle larger debts.

Building Momentum

Clear the smallest debt first. Then, redirect the funds that were allocated to it to the next debt. As Naty explains, “Then you move that hundred dollars to the next debt.” This snowball effect speeds up the debt repayment process. It also prevents burnout and discouragement. These are common pitfalls when facing large financial burdens.

A Sustainable Approach

The key to this strategy is sustainability. By focusing on small, manageable goals, you avoid the risk of burnout. As Naty points out, “If you get and start tackling the big one, you’re going to burn out.” This method ensures that you stay engaged and motivated throughout your financial journey.

Starting small doesn’t mean thinking small. It’s about creating a sustainable path to financial freedom, one step at a time. By focusing on the smallest debts first, you build confidence and momentum, setting the stage for tackling larger financial challenges. Remember, every small victory is a step closer to your ultimate goal of financial independence.

Subscribe now to our blog for more insights and strategies on achieving financial freedom. Let’s embark on this journey together! Also, click below for the full episode of Thrive by The Rising Muse

Mastering Money: The 15-Day Financial Challenge

Embarking on a journey towards financial stability and freedom might seem daunting. Where do you even begin? How do you navigate the maze of savings, investments, and expenses? Well, what if we told you that in just 15 days, you could have a clearer vision of your financial future? Welcome to the 15-Day Financial Challenge!

How to start?

Every successful journey starts with a clear direction. Today, choose your financial guiding principle. It could be as simple as “Spend Less Than You Earn” or as profound as “Invest in Knowledge.” This principle will be your North Star, guiding every financial decision you make over the next two weeks.

Why is this important? Because when you have a guiding principle, you are not just aimlessly moving money around. Instead, you are making intentional choices that align with your values and goals.

Let God Decide Your Financial Goals

While we make plans and set goals, it is essential to remember that sometimes, a higher power might have different plans for us. Surrendering our financial worries and goals to a higher force can provide clarity, peace, and unexpected opportunities.

Why Only 15 Days?

You might wonder, why just 15 days? Well, research shows that it takes about 21 days to form a habit. By dedicating 15 days solely to understanding and reshaping your financial habits, you are laying a robust foundation for long-term financial success.

Dive Deeper with “15 Day Challenge for a Stronger You!

If you are finding this challenge intriguing and are hungry for more insights, we have you covered! Our newly launched book, “15 Day Challenge for a Stronger You!,” delves deeper into mastering your finances, offering tips, strategies, and actionable steps to ensure you are on the right path.

Imagine a life where money is a tool, not a stressor. Where you have the freedom to make choices based on passion, not just paycheck. This dream is attainable, and the journey begins with a single step – or in this case, a 15-day challenge.

Are you ready to transform your financial worries into a clear plan of action? Join us in the 15-Day Financial Challenge and unlock the door to financial freedom. Your future self will thank you!

*Take the leap. Embrace the challenge. Secure your financial future.